MIRA INFORM REPORT
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Report Date : |
30.01.2012 |
IDENTIFICATION DETAILS
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Name : |
HIGH TRANS CORPORATION |
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Registered Office : |
No.86-1, Sanmin ST., Yuanlin Town Changhua Hsien |
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Country : |
Taiwan |
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Date of Incorporation : |
26.12.1990 |
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Com. Reg. No.: |
23959329 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of flavouring |
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No. of Employees
: |
45 |
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 50,000 |
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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 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
a2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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: |
High Trans Corporation |
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Supplied Name: |
High Trans Corporation |
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Trading Address: |
No.86-1, Sanmin ST., Yuanlin Town Changhua Hsien, Taiwan |
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Supplied Address: |
No. 86-1, Sanmin Street Yacnlin Town, Changhua Country Taiwan R.O.C. |
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Telephone Number: |
+886-4-8365118 |
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Fax Number: |
+886-4-8365125 |
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E-mail: |
Notes: Subject’s exact name and address are as above.
Credit
Summary
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Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
History
Subject was incorporated on
Shareholders
|
Name |
Subscription
Shares |
|
Ruihong Weng |
314,500 |
| Ruilong
Weng |
179,860 |
|
Qiquan Li |
167,640 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Related Office:
|
Address: |
Shanghai, China |
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Tel: |
+86-21-336-7999 |
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Contact Person: |
Mr. Chen |
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Notes: |
The office is
engaged in distribution of flavouring |
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Deling Weng |
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Position |
Board Chairman |
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2 |
|
|
Name |
Ruihong Weng |
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Position |
Director |
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3 |
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|
Name |
Junqiao Weng |
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Position |
Director |
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4 |
|
|
Name |
Jinzhou Zhan |
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Position |
Director |
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5 |
|
|
Name |
Ruilong Weng |
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Position |
Director |
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6 |
|
|
Name |
Qiquan Li |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 45 employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
Production
Information
l
Subject is engaged in manufacture of flavouring.
Purchase
Information
l
The major registered activities of subject:
|
Business Code |
Details |
|
-- |
Sales of spice,
and dyestuff, food additives and other
relevant materials, etc |
|
C109010 |
Manufacture of flavouring |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases raw materials mainly from local
market.
Sales Information
l
The subject is mainly engaged in sales of
flavouring including Sauce, groundspices, and baste, etc
l
Subject’s products are mainly sold in domestic
market including Taiwan and the mainland of China, while it is introduced that
the overseas customers are not declined.
l
Subject’s customers are mainly dealers, shops and
supermarkets, etc
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Raw materials, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
Subject has little import business.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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|
COD, Credit Sales, etc |
100% |
Export
|
Sales Terms |
Proportion |
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CBD, etc |
100% |
Notes: Subject’s settlement for export is to be negotiated.
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 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
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.65 |
|
UK Pound |
1 |
Rs.77.80 |
|
Euro |
1 |
Rs.65.05 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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.