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Report Date : |
01.06.2012 |
IDENTIFICATION DETAILS
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Name : |
HOPPER WING ENTERPRISE CO., LTD. |
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Registered Office : |
No.55, Lane 394, Sec.1, Hai Shan Rd., Kun Kuo Tsun Lu |
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Country : |
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Date of Incorporation : |
19.09.1989 |
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Com. Reg. No.: |
23491008 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Processing and selling textile of waterproof fabric and related products |
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No. of Employees : |
About 30 employees |
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) |
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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: |
Hopper Wing Enterprise Co., Ltd. |
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Supplied Name: |
Hopping Wing Enterprises Co Ltd. |
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Trading Address: |
No.55, Lane 394, Sec.1, Hai Shan Rd., Kun Kuo Tsun Lu |
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Supplied Address: |
No.55 Lane Sec 1 Haishang Road Lu |
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Telephone Number: |
+886-3-3544089 |
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Fax Number: |
+886-3-3544088 |
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E-mail: |
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Website: |
Notes:
The exact name and address are as above mentioned.
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Credit Opinion: |
Note: The number of staff is an approximate number.
Subject was incorporated
on
|
Name |
Subscription Shares |
|
Zhongxun Zhang |
3,263,000 |
| Shumin
Li |
1,737,000 |
The information above is that of subject’s major shareholders.
Subject did not
introduce 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 |
Zhongxun Zhang |
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Position |
Chairman |
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2 |
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Name |
Shumin Li |
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Position |
Director |
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3 |
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Name |
Xuanli Wang |
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Position |
Director |
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4 |
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Name |
Junhong Xu |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 30 employees |
Note: The number
of staff is an approximate number.
Offices
& Factories
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|
Headquarters |
|
Add |
No.55, Lane 394, Sec.1, Hai Shan Rd., Kun Kuo Tsun Lu |
Production
Information
l
Subject is engaged in processing of waterproof
fabrics
l
It is introduced that subject does the
waterproofing work for the shell fabric supplied by customers.
Purchase
Information
l
The fabrics are mainly
provided by their customers in China, Hong Kong, South Korea, Singapore, etc.
l
Subject is engaged in
selling of waterproof fabrics.
l
Subject’s products are applied to manufacture of sportswear and outdoor wear including rain wear, golf wear, wind
breaker, sailing jacket, ski/ snowboard suit, tracking suit, tents and backpacks,
etc
l
Subject supplies
processing service for fabric manufacturers, sportswear manufacturers and
outdoor wear manufacturers, etc.
l
Subject’s sales regions include: China, Hong Kong,
South Korea, Singapore, etc.
|
Types |
Details |
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Special Coating |
Nylon or
polyester Mirror /
metallic / color coating as shell Water repellent Water proof Matching seam
tape provided Uniform
materials; casual jacket materials |
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2 Layer Material |
Nylon or
polyester. Water repellent.
( normal or durable to washing ) Water proof. (
normal or durable to washing ) Breathable by
hydrophilic system. ( JIS or ASTM inverted cup test method ) Coating or
lamination Skiwear
materials and other sports jacket materials. |
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2.5 Layer
Material |
Nylon or polyester. Water repellent. ( normal or durable to
washing) Water proof. ( normal or durable to
washing) Breathable by microporous system.( JIS or
ASTM up-right cup test method) Coating or lamination. Arious kinds of print pattern. Matching seam tape provided One piece material without lining. ( pack
away light weight jacket materials) |
|
3 Layer Material |
Woven / knit nylon or polyester. Water repellent. ( normal or durable to
washing ) Water proof. ( normal or durable to
washing ) Breathable by hydrophilic or microporous
system. ( JIS or ASTM test method ) Coating or lamination Matching seam tape provided One piece material without lining. ( all
weather jacket materials) |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Subject did not
introduce its purchasing terms
Sales
Domestic Markets (Taiwan)
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Sales Terms |
Proportion |
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Waterproof fabrics |
COD, CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Waterproof fabrics |
CBD, etc |
100% |
Notes: Subject’s settlement for export is generally in USD and the subject did
not introduce any other settlements.
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 Henry 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 cannot 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 |
Henry/ Operator |
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Position |
Manager |
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Department |
Sales Department |
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E-mail |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
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UK Pound |
1 |
Rs.87.37 |
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Euro |
1 |
Rs.69.95 |
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 |
---- |
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.