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Report Date : |
10.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
FANCYWOOD CO., LTD. |
|
|
|
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Registered Office : |
7f-3, No.374, Sec.2, |
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|
|
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Country : |
|
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|
|
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Date of Incorporation : |
26.06.1985 |
|
|
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Com. Reg. No.: |
21265815 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
Trader of imported timber |
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|
|
|
No. of Employees : |
About 10 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
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) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name: |
|
|
Supplied Name: |
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Trading Address: |
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|
Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
The exact name is as above.
The supplied address is incomplete, and the exact address is as above.
|
Credit Opinion: |
|
Registered Name: |
Fancywood Co., Ltd. |
|
Registered Address: |
|
|
Date of Foundation: |
|
|
Registration Number: |
21265815 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
(As of 2012.7, 1 NTD
=0.03345 USD) |
|
Legal Representatives: |
Liyu Huang |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject
was incorporated on
|
Name |
Subscription
Amount |
|
Liyu Huang |
11,000,000 |
The information above is that of subject’s major shareholders.
Office:
|
Address: |
Shenzhen, Guangzhou Province, China. |
Subject
introduced that it has an office in the mainland of China, but the staff
declined to disclose more details about it.
Core
Management
|
Name |
Liyu Huang |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 10 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
Production
Information
l
Subject is a trader of imported timber without any
production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Trade of kinds of
raw material for textile, clothes, construction, hardware and so on. |
|
2 |
Design,
manufacture and trade of kinds of carpentry and timber furniture |
|
3 |
Trade and
investment of the business above. |
l
The productions are mostly purchased from abroad.
Sales
Information
l
Subject is mainly engaged in trading of the kinds
of timber.
l
Subject introduced that it imported the timbers
from North America, Europe, South America, South East Asia and so on.
l
Subject introduced that its major products sold as
following:
|
|
Product |
|
1 |
Poplar |
|
2 |
Oak |
|
3 |
Ash |
|
4 |
Hickory |
|
5 |
Maple |
|
6 |
Basswood |
|
7 |
Alder |
|
8 |
Beech |
|
9 |
Betula
papyrifera |
|
10 |
Spruce |
|
11 |
Mahogany |
|
12 |
Lauan |
|
13 |
Others |
l
Subject introduced that it has an office located in
the mainland of China, and help subject deal with the business in the mainland
of China.
l
Subject’s selling territory mainly covers the
mainland of China, Hong Kong and Taiwan.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Subject declined to disclose the settlements information, subject introduced that the settlement will be decided after subject receives the orders, and from other sources, we couldn’t obtain the information, either.
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 Mr. Xu declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.
The bankers’ information is not available from the subject or other sources.
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 |
Mr. Xu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
|
UK Pound |
1 |
Rs.86.78 |
|
Euro |
1 |
Rs.68.83 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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 |
|
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 |
|
---- |
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.