MIRA
INFORM REPORT
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Report Date : |
17.01.2012 |
IDENTIFICATION DETAILS
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Name : |
SUNBETTER TRADING CO., LTD. |
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Registered Office : |
2FL., No.161, Chung Cheng 1st rd., Kaohsiung |
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Country : |
Taiwan |
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Date of Incorporation : |
16.05.1984 |
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Com. Reg. No.: |
76438278 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and sales of agricultural products |
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No. of Employees : |
About 10 employees
(estimated) |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Contact Points
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Company Name: |
Sunbetter Trading Co., Ltd. |
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Supplied Name: |
Sunbetter Trading Co Ltd. |
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Trading Address: |
2FL., No.161, Chung Cheng 1st rd., Kaohsiung, Taiwan, R.O.C. |
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Supplied Address: |
3 FL, No. 161 Chung Cheng, 1st Rd., Kaohsiung Taiwan |
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Telephone Number: |
+886-7-7163306 |
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Fax Number: |
+886-7-7164750 |
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E-mail: |
Notes: Subject’s exact name and address are as above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
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Registered Name: |
Sunbetter Trading Co., Ltd. |
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Registered Address: |
2FL., No.161, Chung Cheng 1st rd., Kaohsiung, Taiwan, R.O.C. |
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Date of Foundation: |
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Registration Number: |
76438278 |
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Registry: |
Economic Development Bureau,Kaohsiung City |
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Registered Capital: |
NTD 38,000,000 (USD 1,265,400) (As of 2012.01 1 NTD = 0.0333 USD) |
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Legal Representatives: |
Xinyi Xu |
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Legal Form: |
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Principal Activities: |
Import and sales of agricultural products |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
History
Subject was incorporated on
Shareholders
|
Name |
Subscription Amount |
|
Xinyi Xu |
19,000,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
Personnel Information
Core
Management
Directors
|
Name |
Xinyi Xu |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 10 employees
(estimated) |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
2FL., No.161, Chung Cheng 1st rd., Kaohsiung, Taiwan, R.O.C. |
Production
Information
l
Subject is a trader of grains without any
production activities
Purchase
Information
l
The major registered activities of subject:
|
Details |
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General import and export trading business |
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Import, export and sales of soybean, mung
bean, jumble
beads, corn, black
soya bean,
all sorts of grains and frozen food, etc |
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Bidding, price quoting and sales business of
relevant products for domestic and overseas customers. |
l
Subject purchases mainly abroad from Thailand, Burma and India, etc
l
The subject is mainly engaged in sales of grains
and subject’s major products are soybean,
mung bean
and sesame, etc
l
Subject’s products are mainly sold in domestic
market of Taiwan.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
Subject has
little domestic purchase.
Foreign Purchase
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Payment Terms |
Proportion |
|
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Grains, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Grains, etc |
CBD, etc |
100% |
Export
Subject has little export.
Financial Information
Subject has no obligations to disclose its financial statements to the
third party according to the relevant policy in Taiwan and the only source
from which we can obtain the information is the subject itself.
Subject’s relevant staff Ms. Cai declined to disclose its financials citing
the grounds of company’s confidentiality; from other source we can not obtain
the relevant information, either.
Bankers
Subject declined to
disclose its bank details; from other source we can not obtain the relevant
information, either.
Public Record
Mortgage
No chattel mortgage record of subject has been found within the recent
3 months.
Lawsuit
Up to date of
reporting, no existing or latent litigation of the subject has been found.
Interview Details
|
Name |
Ms. Cai |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.65 |
|
|
1 |
Rs.79.09 |
|
Euro |
1 |
Rs.65.32 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of
interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability
for payment of interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal
sums in default or expected to be in default upon maturity |
Limited with
full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.