MIRA INFORM REPORT
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Report Date : |
15.03.2012 |
IDENTIFICATION DETAILS
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Name : |
SUNTEX FIBER CO., LTD. |
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Registered Office : |
No.91,Pei-Yuan Rd., Ho Mei Chang Hwa |
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Country : |
Taiwan |
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Date of Incorporation : |
20.12.1982 |
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Com. Reg. No.: |
59326215 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade
of nylon and the related products |
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No. of Employees
: |
About 250 Employees |
RATING & COMMENTS
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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 100,000 |
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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 – 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 |
Notes:
The supplied address is incorrect, and the exact address is as above.
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated on
Awards
|
Year |
Awards |
|
2008 |
Blue chip
importer and exporter |
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2009 |
Blue chip
importer and exporter |
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2010 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
Subscription Share |
|
|
Tianmu Bai |
2,400 |
| Jinfa
Bai |
21,910 |
|
Hongyu Bai |
24,550 |
|
Afeng Bai |
17,700 |
|
Laifa Bai |
14,600 |
The information above is that of subject’s major shareholders.
Core
Management
|
1 |
|
|
Name |
Tianmu Bai |
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Position |
Board of
Chairman |
|
2 |
|
|
Name |
Jinfa Bai |
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Position |
Director |
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3 |
|
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Name |
Hongyu Bai |
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Position |
Director |
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4 |
|
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Name |
Afeng Bai |
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Position |
Director |
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5 |
|
|
Name |
Laifa Bai |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 250 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
Production
Information
l
Subject is a manufacturer of nylon and the related
products with the production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Manufacture, process and trade of kinds of
synthetic fibre. |
|
2 |
Import and export business about the raw material
and products 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 several of nylon and the related products.
l
Subject introduced that its main products are
Nylon6 and Nylon66.
l
Subject introduced that it purchases the materials
from the manufacturers in the world, such as, BASF, NVISTA, RHODIA, RADICHI and
SOLUTIA etc.
l
Subject introduced that it holds several patents in
Taiwan and has patents pending in the U.S and Japan.
l
Subject’s selling territory covers all over the
world.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Subject declined the purchase settlements information, and from other
sources, we couldn’t obtain the information, either.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Nylon and the related products. |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Nylon and the related products. |
T.T, 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’s relevant staff Ms. Liao declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
The bankers’ information is not available from the
subject or other sources.
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. Liao |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.90 |
|
UK Pound |
1 |
Rs.78.15 |
|
Euro |
1 |
Rs.65.09 |
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 |
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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 |
|
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 |
---- |
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.