|
Report Date : |
17.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
TEST RITE RETAIL CO., LTD. |
|
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Registered Office : |
1,2, |
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Country : |
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Date of Incorporation : |
01.03.1995 |
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|
|
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Com. Reg. No.: |
89390488 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Supply the home-related products. |
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|
|
No. of Employees : |
About 3,400
Employees(Group) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Good |
|
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: |
Subject was incorporated on
Change of Name
|
Former Chinese Name |
特力翠豐股份有限公司 |
|
Current Chinese Name |
特力屋股份有限公司 |
|
Former English Name |
B&Q INTERNATIONAL CO., LTD. |
|
Current English Name |
Test Rite Retail Co.,
Ltd. |
|
Subscription
Share |
|
|
Test Rite International
Co., Ltd |
24,999,999 |
The information
above is that of subject’s major shareholders.
|
Name |
Test Rite International Co., Ltd |
|
Address: |
|
|
Telephone Number: |
+886-2-8791-5888 |
|
Fax Number: |
+886
886-2-8791-5988/5788 |
|
Note: |
Test Rite International Co., Ltd is a public
company in Taiwan, which is a Globally Integrated Enterprise (GIE). Subject supplies
quality and value for products for renowned retailers worldwide such as
Walmart, Sam’s Club, Target, Staples, Office Depot, Carrefour and Metro etc.
With the brands of TLW, HOLA, HOLA CASA and FREER, subject expanded into the
retail channel market to provide other of home-related products and services. |
Related Companies
|
1 |
|
|
Name |
Test Rite Business Development Corporation
(China) Co., Ltd. |
|
Address |
1 |
|
Telephone Number |
+86-755-8355-0430 |
|
Fax Number |
+86-755-8355-0440/0441 |
|
2 |
|
|
Name |
Test Rite Products (Hong Kong) Ltd |
|
Address |
Unit 701, 7/F., New Bright Building, 11 Sheung
Yuet Road, Kowloon Bay, Kowloon, Hong Kong |
|
Telephone Number |
+852-2751-7789 |
|
Fax Number |
+852-2751-7626 |
|
3 |
|
|
Name |
Test Rite Business Development Corporation
(China) Co., Ltd. |
|
Address |
No.1398, Yi Shan Road, Xu Hui District, Shanhai
200233, China |
|
Telephone Number |
+86-21-2408-2888 |
|
Fax Number |
+86-21-2408-2999 |
|
4 |
|
|
Name |
Test Rite Business Development Corporation
(China) Co., Ltd. |
|
Address |
Room No. 611, Tower A, No, 43, Liuzhuang Street,
Haishu District, Ningbo City, Zhejiang, 315016, China
|
|
Telephone Number |
+86-0574-8736-4571/72/73 |
|
Fax Number |
+86-0574-8736-4593 |
|
5 |
|
|
Name |
Test Rite(Vietnam) Co., Ltd. |
|
Address |
SJ-07 KP. Garden plaza 1, Ton Dat Tien Street,
Tan Phong Ward, District 7, HoChiMinhCity, Vietnam
|
|
Telephone Number |
+84-8-54122911 |
|
Fax Number |
+84-8-54122914 |
|
6 |
|
|
Name |
Test Rite Int'l Co., Ltd. |
|
Address |
B-203 Jan Prathinidhi Apartments, Sector-28,
Gurgaon-122002, Haryana, India |
|
Telephone Number |
+91-124-4721600/4056416/4056417 |
|
Fax Number |
+91-124-4056418 |
Core
Management
Directors
|
1 |
|
|
Name |
Tangxiong He |
|
Position |
Board of Chairman |
|
2 |
|
|
Name |
Liqiu Li |
|
Position |
Director |
|
3 |
|
|
Name |
Cairong He |
|
Position |
Director |
|
4 |
|
|
Name |
Caiyan he |
|
Position |
Director |
|
5 |
|
|
Name |
Zhixiang Dong |
|
Position |
Director |
|
6 |
|
|
Name |
Jinghan Zhang |
|
Position |
Supervisor |
|
7 |
|
|
Name |
Yongji Lai |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 3,400 Employees(Group) |
Offices
& Factories
|
|
Headquarters |
|
Add |
|
Production
Information
l
Subject is a trader of the home-related products
without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
E601020 |
Electronic
machine Installing |
|
E603090 |
Lighting
Installing |
|
F105050 |
Wholesale of
furniture, bedding and decoration |
|
F205040 |
Retail of furniture,
bedding and decoration |
|
F106010 |
Wholesale of
hardware |
l
The productions are mostly purchased from domestic
market.
l
Subject is mainly engaged in trading of the
home-related product.
l
Subject introduced that it is mainly supplying the
retail service.
l
Subject introduced that it is a home improvement
center, and it mainly supplies the home-repairing tools, decoration and the
related products.
l
Subject introduced that it has more than 20 stores
in the domestic market at present.
l
Subject’s selling territory covers the domestic
market at present.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Subject declined to disclose the settlements information, 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 Ms. Ni declined to disclose its financials
citing the grounds of company’s confidentiality; from other source, we obtained
the Sales of 2010 of the group as following:
Unit: USD
|
Date: |
2010 |
|
Sales: |
100,000,000 |
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 |
Ms. Ni |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.92 |
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.