MIRA INFORM REPORT
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Report Date : |
12.03.2012 |
IDENTIFICATION DETAILS
|
Name : |
TAH LEE TEXTILE CO., LTD. |
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Registered Office : |
No.290, Sec.2,
Chang-Hsin Road, Homei Town, Chang-Hwa Hsien |
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Country : |
Taiwan |
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Date of Incorporation : |
13.01.1965 |
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Com. Reg. No.: |
58013502 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Process and trade of cotton and so on |
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No. of Employees
: |
About 120 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 |
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Maximum Credit Limit : |
USD 80,000 |
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Status : |
Satisfactory |
|
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 – 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 |
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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.290, Sec.2, Chang-Hsin Road., Homei Town,
Chang-Hwa Hsien, Taiwan, R.O.C |
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Supplied Address: |
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Telephone Number: |
+886-4-7351127-9 |
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Fax Number: |
Notes:
The supplied address is incomplete, and the exact address is above.
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated on
Awards
|
Year |
Awards |
|
2010 |
Blue chip
importer and exporter |
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2009 |
Blue chip
importer and exporter |
|
2008 |
Blue chip
importer and exporter |
Standard of Blue chip
importer and exporter
Unit: USD
|
Year |
Amount |
|
2010 |
20,000,000 |
|
2009 |
15,000,000 |
|
2008 |
19,000,000 |
|
Name |
Subscription
shares |
|
Zonghui Wei |
258,726 |
|
Zongxian Wei |
495,000 |
|
Huang Chen |
112,000 |
|
Yu Wei Investment Co., Ltd (translated) |
285,900 |
|
Zongze Wei |
495,000 |
|
Ling e Wei |
165,000 |
|
Juncheng Chen |
454,600 |
|
Xianxi Chen |
359,800 |
|
Bojia Co., Ltd (translated) |
494,119 |
|
Chuangyuan Development Co., Ltd (translated) |
490,800 |
|
Lihua Wang |
495,000 |
|
Lingchen Wei |
221,084 |
|
Jingxiang Fang |
495,000 |
|
Jinshunyi Co., Ltd (translated) |
868,477 |
The information above is that of subject’s major shareholders.
Core
Management
|
1 |
|
|
Name |
Zonghui Wei |
|
Position |
President |
|
Date of
Appointment |
|
|
2 |
|
|
Name |
Zongxian Wei |
|
Position |
Managing
director |
|
3 |
|
|
Name |
Huang Chen |
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Position |
Managing
director |
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4 |
|
|
Name |
Mengqing Guo |
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Position |
Director |
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5 |
|
|
Name |
Kunnong Chen |
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Position |
Director |
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6 |
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Name |
Zongze Wei |
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Position |
Director |
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7 |
|
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Name |
Ling e Wei |
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Position |
Director |
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8 |
|
|
Name |
Juncheng Chen |
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Position |
Director |
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9 |
|
|
Name |
Xianxi Chen |
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Position |
Director |
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10 |
|
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Name |
Jiexi Chen |
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Position |
Director |
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11 |
|
|
Name |
Liyue Pan |
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Position |
Director |
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12 |
|
|
Name |
Junyuan Chen |
|
Position |
Director |
|
13 |
|
|
Name |
Lihua Wang |
|
Position |
Director |
|
14 |
|
|
Name |
Lingchen Wei |
|
Position |
Director |
|
15 |
|
|
Name |
Jingxiang Fang |
|
Position |
Director |
|
16 |
|
|
Name |
Baichuan Huang |
|
Position |
Director |
|
17 |
|
|
Name |
Zhanqin Liang |
|
Position |
Supervisor |
|
18 |
|
|
Name |
Qingliang Wei |
|
Position |
Supervisor |
|
19 |
|
|
Name |
Zhenxi Wei |
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Position |
Supervisor |
|
20 |
|
|
Name |
Yage Wei |
|
Position |
Supervisor |
Personnel
Structure
|
Total
Employees |
About 120
Employees |
Offices
& Factories
|
|
Headquarters |
|
Address |
No.290, Sec.2,
Chang-Hsin Road., Homei Town, Chang-Hwa Hsien. |
l
Subject is a manufacturer and processor of cottons
and the related products with the production activities
Purchase
Information
l
The registered activities of subject:
|
|
Details |
|
1 |
Business about spinning, weaving, dyeing and finishing
and other related business |
|
2 |
Import and export of the products above. |
|
3 |
The investment business and the related business
as above |
l
The raw materials for production are purchased from
both local and abroad.
l
Subject is mainly engaged in manufacturing,
processing and trading of air spinning, T/C 、CVC, blended yarn
and so on.
l
Subject introduced that
it purchase textiles leather and eiderdown products from
both local and abroad.
l
Subject declined to
disclose more details.
l
Subject’s selling
territory covers domestic market and overseas market.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Subject declined 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 Mr. Wei declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Subject did not introduce 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 |
Mr. Wei |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.02 |
|
UK Pound |
1 |
Rs.79.00 |
|
Euro |
1 |
Rs.66.18 |
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 |
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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.