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Report Date : |
23.07.2012 |
IDENTIFICATION DETAILS
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Correct Name : |
SPORTEK INDUSTRIAL CO., LTD. |
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Registered Office : |
No.43, Ln. 611, |
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Country : |
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Date of Incorporation : |
30.07.2002 |
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Com. Reg. No.: |
80220809 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
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No. of Employees : |
Not Available |
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) |
|
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: |
No.35 , Lane 343 , Sec.1, Shenlin Rd. , Daya
Shiang , Taichung Country 428 , Taiwan(R.O.C.) |
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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: Subject’s exact name and address are as above and it is introduced that the supplied name is the one for foreign business. And subject did not introduce the supplied address.
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Credit Opinion: |
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Registered Name: |
Sportek Industrial Co., Ltd. |
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Registered Address: |
No.43, Ln. 611, Shuiyuan Rd., Fengyuan Dist., Taichung City 420, Taiwan
(R.O.C.) |
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Date of Foundation: |
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Registration Number: |
80220809 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2012.07, 1 NTD = 0.0333 USD) |
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Paid-up Capital: |
NTD 5,400,000 (USD 179,820) |
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Legal Representatives: |
Junheng Zou |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Notes: Subject declined to disclose its staff number, and from other source we can not obtain the relevant information, either.
Subject was incorporated on
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Name |
Subscription Shares |
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Junheng Zou |
516,000 |
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Lizhu Wang |
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19,000 |
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Yingci Chen |
5,000 |
The information
above is that of subject’s major shareholders.
Subject did not introduce whether it has any subsidiaries or branches, from other source we can not obtain the relevant information, either.
Core
Management
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1 |
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Name |
Junheng Zou |
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Position |
Board Chairman |
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2 |
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Name |
Lizhu Wang |
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Position |
Director |
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3 |
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Name |
Yingci Chen |
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Position |
Director |
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4 |
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Name |
Junxi Zou |
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Position |
Supervisor |
Offices
& Factories
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Headquarters |
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Add |
No.35 , Lane 343 , Sec.1, Shenlin Rd. , Daya Shiang , Taichung Country
428 , Taiwan(R.O.C.) |
Production
Information
l
Subject is engaged in design, research, development
and sales of sports equipments, etc
l
Subject supplies ODM service.
l
It is introduced that subject obtained the
certification of D&B D-U-N-S in 2010 and 2011
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F109030 |
Wholesales of sports equipment |
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F119010 |
Wholesales of electronic materials |
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F401010 |
International Trading Business |
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F209020 |
Retails of sports equipment |
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F219010 |
Retails of electronic materials |
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CH01010 |
Manufacture of sports goods |
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CC01080 |
Manufacture of electronic components |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases raw materials and components both
at home and abroad
l
The subject is mainly engaged in sales of fitness
products including treadmills, higher incline treadmill and Climber, etc
l
Subject’s products are applied to Household and
commercial use
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject sells the products to over 28
countries worldwide.
l
It is introduced that subject’s major customers are
foreign Sports equipment brands, but the details are not disclosed.
Major items
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1 |
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2 |
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3 |
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4 |
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5 |
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6 |
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7 |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Raw materials and components, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Raw materials and components, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Sports equipment, etc |
CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Sports equipment, etc |
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 Louis 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 |
Louis |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.15 |
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UK Pound |
1 |
Rs.86.58 |
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Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
|
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.