MIRA INFORM REPORT
|
Report Date : |
07.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
FABRIX PLUS CO., LTD. |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
25.01.2006 |
|
|
|
|
Com. Reg. No.: |
27993191 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Trading of textiles, etc |
|
|
|
|
No. of Employees
: |
About 5 employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 20,000 |
|
Status : |
Moderate |
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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: |
Fabrix Plus Co., Ltd. |
|
Supplied Name: |
Fabrix Plus Co. Ltd |
|
Trading Address: |
|
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2995-6700 |
|
Fax Number: |
+886-2-2995-5977 |
|
E-mail: |
Notes: Subject’s exact and address are as above.
|
Credit Rating: |
|
|
Credit Opinion: |
|
Registered Name: |
Fabrix Plus Co., Ltd. |
|
Registered Address: |
|
|
Date of Foundation: |
|
|
Registration Number: |
27993191 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
(As of 2012.02, 1 NTD = 0.0338 USD) |
|
Legal Representatives: |
Jinzhen Chenwu |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject
was incorporated on
|
Name |
Subscription
Amount |
|
Jinzhen Chenwu |
1,000,000 |
Core
Management
|
Name |
Jinzhen Chenwu |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 5 employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
|
Production
Information
l
Subject cooperates with textiles mills to supply
textiles, etc
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F102170 |
Wholesales of food and groceries |
|
F104110 |
Wholesales of fabric, garment, footwear, cap, umbrella
and accessories |
|
F109070 |
Wholesales of Cultural and educational and
musical entertainment products |
|
F401010 |
International Trading Business |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases mainly
from domestic market.
Sales
Information
l
The subject is mainly engaged in sales of fabrics including
Woven, Denim, Boardshort, Jacquard and knit fabric, etc
l
Subject’s products are both sold in domestic and
overseas market.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Fabrics, etc |
CBD, COD, Credit Sales, etc |
100% |
Foreign Purchase
Subject has little import business
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Fabrics, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Fabrics, 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 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, thus we can not confirm the
supplied Bankers: First Commercial Bank, Cheung Lun Branch, No. 188, Sec-05,
Nanking East Road, Taipei, Taiwan. Swift# : FCBKTWTPXXX
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.03 |
|
UK Pound |
1 |
Rs.79.32 |
|
Euro |
1 |
Rs.66.02 |
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.