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Report Date : |
03.07.2012 |
IDENTIFICATION DETAILS
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Name : |
GALAXY INTERNATIONAL ENTERPRISES CO. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
08.11.1979 |
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Com. Reg. No.: |
12251494 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of footwear |
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No. of Employees : |
About 20 employees (including staff in the mainland of |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
+886-2-2627-7107 |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as above.
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Credit Opinion: |
Subject was incorporated on
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Name |
Subscription Amount |
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Weiwen Lin |
7,500,000 |
The information above is that of subject’s major shareholders.
It is introduced
that subject has an office in Jinjiang City, Fujian Province, China, while the
details are not disclosed.
Core
Management
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Name |
Weiwen Lin |
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Position |
Director |
Personnel
Structure
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Total Employees |
About 20 employees
(including staff in the mainland of China) |
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject is a trader of footwear without any
production activities itself.
l
Subject has cooperative manufacturers in the
mainland of China for the production of footwear.
Purchase
Information
l
The registered activities of subject:
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1 |
General Import and export business and the
relevant Foreign guarantee business within the same industry |
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2 |
Bidding service, price quoting and marketing
business for domestic and overseas market. |
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3 |
Operation and investment for the above mentioned items. |
l
Subject purchases mainly from its cooperative
footwear manufacturers in the mainland of China.
l
The subject is mainly engaged in sales of footwear.
l
Subject’s products are mainly sold in oversea
market and it mainly exports to Europe.
l
Subject’s major customers are stores and leisure
brands, etc
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Payment Terms |
Proportion |
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Footwear, etc |
CBD, COD, etc |
100% |
Foreign Purchase
Subject has little domestic purchase.
Sales
Domestic Markets
Subject has little domestic sales.
Export
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Payment. Sales Terms |
Proportion |
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Footwear, etc |
L/C, T/T CBD, etc |
100% |
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 Teresa Lee declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.
Subject declined to disclose its bank details; from other source we can not obtain the relevant information, either.
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.
|
Name |
Teresa Lee |
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Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
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US Dollar |
1 |
Rs.55.83 |
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UK Pound |
1 |
Rs.87.41 |
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Euro |
1 |
Rs.70.43 |
INFORMATION DETAILS
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Report Prepared
by : |
MNL |
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 |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.