MIRA INFORM REPORT

 

 

Report Date :

13.07.2012

 

IDENTIFICATION DETAILS

 

Name :

THREE SHINE TRADING CO., LTD.

 

 

Registered Office :

4F., No.41, Chiau An St., Zhonghe Dist., New Taipei City 235

 

 

Country :

Taiwan

 

 

Date of Incorporation :

19.04.1982

 

 

Com. Reg. No.:

12375919

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Import of all kinds fruits and vegetables

 

 

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

 


Contact Points

 

Company Name:

THREE SHINE TRADING CO., LTD.

Supplied Name:

THREE SHINE TRADING CO LTD.

Trading Address:

4F., No.41, Chiau An St., Zhonghe Dist., New Taipei City 235, Taiwan (R.O.C.)

Supplied Address:

4F, 41, Chiao An St. New Taipei City

Telephone Number:

+886-2-8245-5580

Fax Number:

+886-2-8245-5590

E-mail:

emma@3shine.com.tw

Website:

www.3shineveg.com

Notes:

The exact address is as above.

 

 

Credit Summary

 

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Three Shine Trading Co., Ltd.

Registered Address:

4F., No.41, Chiau An St., Zhonghe Dist., New Taipei City 235, Taiwan (R.O.C.)

Date of Foundation:

1982-4-19

Registration Number:

12375919

Registry:

New Taipei City Government

Registered Capital:

NTD 50,000,000 (USD 16,700,000)

(As of 2012.07, 1 NTD = 0.0334 USD)

Legal Representatives:

Liying Lv

Legal Form:

Limited Liability Company

Principal Activities:

Import of all kinds fruits and vegetables

Staff:

About 10 Employees

Listed at Stock Exchange:

No

Date of Last Annual Return:

2012-4-26

 

 

History

 

Subject was incorporated on 1982-4-19 with registered number 12375919 as Limited Liability Company in Taiwan.

 

 

Shareholders

(Unit: NTD)

Name

Subscription Amount

Liying Lv

50,000,000

 

The information above is that of subject’s major shareholders.

 

 

Subsidiaries & Branches

 

It is introduced that subject has a sales office in Kaohsiung, Taiwan, and the telephone number is +886-7-821-6025, but other detail information of Kaohsiung office we can not obtain from any sources.  

 

 

Personnel Information

 

Core Management

Directors

Name

Liying Lv

Position

Director

Personnel Structure

Total Employees

About 10 Employees

 


Operation Information

 

Offices & Factories

 

Headquarters

Add

4F., No.41, Chiau An St., Zhonghe Dist., New Taipei City 235, Taiwan (R.O.C.)

 

Production Information

·         Subject import all kinds of fruits and vegetables without any production activities.

 

Purchase Information

·         The registered activities of subject:

Business Code

Details

F101130 

Wholesale of fruit and vegetable

F102170 

Wholesale of groceries

F201010 

Retail of agricultural products

F401010 

International trade

A102020 

Agricultural consolidation

C103050 

Manufacturing of tin and frozen, dehydrated and pickled foods

IZ06010 

Distribution and packing

A101011 

Seeds industrial

ZZ99999 

Besides licensed business, all other business items those are not banned or restricted.

F102030 

Wholesale of alcohol and tobacco

F203020 

Retail of alcohol and tobacco

F401171 

Import of alcohol

 

·         The products are mostly purchased from America, New Zealand and Japan, etc.

The subject has a proportion of 100% for import.

 


Sales Information

 

·         Subject is engaged in sales of all kinds’ fruits and vegetables like romaine heart, lettuce, broccoli, celery, onions, carrots, paprika, pumpkins, citrus fruits, potatoes, radish, yams, cabbage and organic apples, organic potatoes, organic citrus etc.

Subject’s main sales region is in Taiwan local market.

It is introduced that subject has another sales office in Kaohsiung, Taiwan.

It is introduced that subject cooperates with many local supermarkets to sell their products.

 

Major products

Types

Products

Vegetables

Celery, yam, carrot, potato, onion, sugarbeet, broccoli, paprika, pumpkins, cabbage, romaine heart, and lettuce, etc

Fruits

Date palm, apple, blueberry, orange, and lemon, etc

Ice cream

Rush Munro’s vanilla ice cream

Rush Munro’s Maple sugar and walnut ice cream

Groceries

Pizza sauce, vinegar, soy sauce, etc

 

Import and export right:

Import right

Yes

Export right

Yes

 

 

Settlements

 

Purchase

Subject has little domestic purchase

Foreign Purchase

Product

Payment Terms

Proportion

Fruits and vegetables, etc

CBD, etc

100%

Sales

Domestic Markets (Taiwan)

Product

Sales Terms

Proportion

Fruits and vegetables, etc

COD, etc

100%

 

Export

Subject does not 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. Lin 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 cannot 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. Lin

Department

Sales Department

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.70

UK Pound

1

Rs.86.28

Euro

1

Rs.68.15

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.