MIRA INFORM REPORT

 

 

Report Date :

17.07.2012

 

IDENTIFICATION DETAILS

 

Name :

TUNLIT INTERNATIONAL CO., LTD.

 

 

Registered Office :

10fl., No.238, Sec.1, Ho Ping E. Rd., Daan Dist., Taipei 106

 

 

Country :

Taiwan

 

 

Date of Incorporation :

06.08.1990

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Trading of footware.

 

 

No. of Employees :

Not Available

 

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 :

Unknown

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:

Tunlit International Co., Ltd.

Supplied Name:

Tunlit Int'l Co Ltd.

Trading Address:

10fl., No.238, Sec.1, Ho Ping E. Rd., Daan Dist., Taipei 106, Taiwan, R.O.C.

Supplied Address:

10FL, 238 Ho Ping East Rd Section 1 Ta-An Dist. Taipei City 106

Telephone Number:

+886 2-23682718

Fax Number:

+886 2-23651845

Notes:

The supplied name is incomplete, and the exact name is as above.

 

Credit Summary

 

Credit Opinion:

Business connections are permissible.

 

Special Note

 

According to the supplied name and address, we found a telephone number (+886 2-23682718), a lady answered the phone, and confirmed the name and address of subject, but she said she had no right to disclose the subject’s information. When we wanted to interviewed the person who has the right to disclose, she gave a telephone number of the mainland China (+86 769 86323168-287), and said it would reach the person who named Ms. Lee had the right to disclose the details. As the telephone number, we tried to contact Ms. Lee, and a lady answer the telephone (+86 769 86323168-287), but she said that Ms. Lee was not there. When we told that we wanted to obtain a contact method which can directly contact Ms. Lee, the lady hung up. 

 

The registration files show that subject is engaged in trading of footware, since we did not get in touch with subject, we can not confirm the information.

 

We found subject’s registration information as follows for reference.

Company Identification Details

 

Registered Name:

Tunlit International Co., Ltd.

Registered Address:

10fl., No.238, Sec.1, Ho Ping E. Rd., Daan Dist., Taipei 106, Taiwan, R.O.C.

Date of Foundation:

1990-8-6

Registration Number:

23883378

Registry:

Taipei City Government

Registered Capital:

NTD 40,000,000 (USD 1,334,220)

(As of 2012.7, 1 NTD =0.03336 USD)

Legal Representatives:

Jialing Huang

Legal Form:

Limited Liability Company

Principal Activities:

Trading of footware.

Staff:

N/A

Listed at Stock Exchange:

No

Date of Last Annual Return:

2008-12-24

Note:

Subject declined to disclose the staff number, and from other sources, we couldn’t obtain the information, either.

 

History

 

Subject was incorporated on 1990-8-6 with registered number 23883378 as Limited Liability Company in Taiwan.

 

Shareholders

(Unit: NTD)

Name

Subscription Amount

Jialing Huang

19,000,000       

 

 

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

 

Subsidiaries & Branches

 

Subject did not register any subsidiaries or branches.

And from the subject, we obtained that subject has an offices located in Dongguan, Guangdong Province, the mainland of China, but the details information is not available from the subejct or other sources.

 

Personnel Information

 

Core Management

Directors

1

Name

Jialing Huang

Position

Director

 

Operation Information

 

Offices & Factories

 

 

Headquarters

Add

10fl., No.238, Sec.1, Ho Ping E. Rd., Daan Dist., Taipei 106, Taiwan, R.O.C.

 

Operation Information

l         The registered activities of subject:

Business Code

Details

1

Manufacture and trade of kinds of materials for different kinds of shoes

2

Manufacture and trade of timber, marble, fur and so on.

3

Import and export of the products above.

 

l         We couldn’t get in touch with subject, so we couldn’t obtain the operation information directly.

l         From other sources, we obtained that subject is mainly engaged in trading of footware and the related products.

l         From other sources, we found that subject’s selling territory covers all over the world, such as Asia, U.S.A, Europe and so on.

 

Import and export right:

Import right

Yes

Export right

Yes

 

Settlements

 

Subject declined to disclose the settlements information, and from other sources, we couldn’t obtain the information, either.

 

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 declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

 

 

Bankers

The bankers’ information is not available from the subject or other sources.

 

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

Note:

The ladies both declined to disclose their names.

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.54.92

UK Pound

1

Rs.85.47

Euro

1

Rs.67.15

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

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.