|
Report Date : |
07.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
VOLUNTEER ENTERPRISE CO., LTD. |
|
|
|
|
Registered Office : |
FL. 11-1, No.436, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
02.07.1977 |
|
|
|
|
Com. Reg. No.: |
7604639 |
|
|
|
|
Legal Form : |
Joint Stock
Company |
|
|
|
|
Line of Business : |
Process and trade
of textile materials, etc. |
|
|
|
|
No. of Employees : |
About 80 Employees |
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 : |
Satisfactory |
|
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 |
|
Supplied Name: |
|
|
Trading Address: |
|
|
Supplied Address: |
|
|
Telephone Number: |
|
|
Fax Number: |
|
|
E-mail: |
Notes:
Subject’s exact name
and address are as above mentioned.
|
Credit Opinion: |
Subject
was incorporated on
|
Name |
Subscription Shares |
|
Muxiong Liu |
3,406,000 |
The information above is that of subject’s major shareholder.
Factories:
|
1 |
|
|
Name |
Taiwan Factory |
|
Address |
No.9 Hsinglong Road, Taoyuan City, Taiwan |
|
Telephone Number |
+886-3-3621334 |
|
Fax Number |
+886-3-3624897 |
|
2 |
|
|
Name |
China mainland Factory |
|
Address |
No.107 Tanyao Road,Tanhang Town Jiading Shanghai, China |
|
Telephone Number |
+86-21-59951775/59951376 |
|
Fax Number |
+86-21-59950775 |
Core Management
Directors
|
1 |
|
|
Name |
Muxiong Liu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Bie Lv |
|
Position |
Director |
|
3 |
|
|
Name |
Bizhao Lv |
|
Position |
Director |
|
4 |
|
|
Name |
Wenyan Lv |
|
Position |
Supervisor |
Offices & Factories
|
|
Headquarters |
|
Add |
Production Information
Subject is a manufacturer of textile
products and the related products with the production
activities
Purchase Information
The registered activities of subject:
|
1 |
Manufacture, processing and sales of all sorts of cotton tapes, silk tapes, elastic band and shoelace, etc |
|
2 |
Manufacture, bleaching and dyeing processing and sales of all sorts of textiles such as cotton, silk, nylon yarn, etc |
|
3 |
Manufacture and sales of components of knitting machines. |
|
4 |
Import and export trading business. |
|
5 |
Agent involved in Sales, price quoting service, bidding service and investment about the above mentioned items for both domestic and overseas market. |
It is introduced
that subject purchases raw materials such as grey yarn mainly from its
cooperative suppliers in local market.
· Subject is engaged in processing and trading of textile products and the related products.
Subject’s major products include nylon stretch yarn,
polyester raw white yarn, polyester
dyed yarn, etc.
Subject
introduced that it has its own brands named "SHINYLON" and "ALL
BEAUTY".
Subject
introduced that it has factories in Taiwan and the mainland of China.
Subject
introduced that its customers mainly are textile factories, etc.
Subject
has both domestic and foreign markets.
Subject
exports the products mainly to Asia, America, etc.
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials |
COD, Credit Sales, etc |
100% |
Foreign Purchase
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Textile materials |
CBD, etc |
Export
|
Payment/Terms |
Proportion |
|
|
Textile materials |
L/C, 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 declined to
disclose its financial information citing the grounds of company’s
confidentiality, and from other source we can not obtain the relevant
information, either.
|
Name |
ICBC Bank |
|
Address |
Taiwan |
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. Lv |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.50 |
|
UK Pound |
1 |
Rs.85.58 |
|
Euro |
1 |
Rs.69.30 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.