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Report Date : |
03.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SMOOTH THING TEXTILE ENTERPRISE CO., LTD. |
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Registered Office : |
10F-3, No.33, Sec.1, Min Sheng Rd., Banqiao Dist., New
Taipei City 220 |
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Country : |
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Date of Incorporation : |
07.07.1999 |
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Com. Reg. No.: |
16955472 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of clothing and cloth and textile line class |
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No. of Employees : |
Not Available |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
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: |
10F-3, No.33, Sec.1, Min Sheng Rd., Banqiao
Dist., New Taipei City 220, Taiwan (R.O.C.) |
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Supplied Address: |
10F-3, Mo. 33, Sec 2, Min-Sheng
Roadpanchiad, Taipei Hsien Taiwan |
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Telephone Number: |
+886-2-29599886 |
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Fax Number: |
Notes:
The exact subject’s name and address are as above mentioned.
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Credit Opinion: |
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Registered Name: |
Smooth Thing Textile Enterprise Co., Ltd. |
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Registered Address: |
10F-3, No.33, Sec.1, Min Sheng Rd., Banqiao Dist., New Taipei City 220,
Taiwan (R.O.C.) |
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Date of Foundation: |
1999-7-7 |
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Registration Number: |
16955472 |
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Registry: |
Government of New Taipei City |
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Registered Capital: |
(As of 2012.04, 1 NTD = 0.033 USD) |
|
Legal Representatives: |
Yinxiang Li |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
The subject declined to introduce its staff number.
Subject was incorporated on 1999-7-7 with registered number 16955472 as Private Limited Liability Company in Taiwan.
|
Name |
Subscription
Amount |
|
Yinxiang Li |
16,000,000 |
The information above is that of subject’s major shareholders.
Core
Management
|
Yinxiang Li |
|
|
Position |
Director |
Offices
& Factories
|
|
Headquarters |
|
Add |
10F-3, No.33, Sec.1, Min Sheng Rd., Banqiao Dist., New Taipei City 220,
Taiwan (R.O.C.) |
l
Subject produces cloth, etc.
l
Subject has its factories in Taiwan and Malaysia.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F104110 |
Wholesale of cloth, clothing, shoes, hats,
umbrellas, clothing |
|
F401010 |
International trade |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The components and raw material for production are
mostly purchased from domestic.
l
The subject has a
proportion of 50% for Import
l
The subject is mainly engaged in manufacturing and
processing of various cloths.
l
Subject’s products are clothing and cloth and textile line class.
l
Subject has both domestic
and foreign markets.
l
Subject exports oversea
markets worldwide according to orders.
l
The subject has a
proportion of 50% for export.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw material |
COD, CBD, etc. |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw material |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Various cloths |
CBD, etc. |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Various cloths |
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’s relevant staff Mr. Xu declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
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. Xu |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.93 |
|
UK Pound |
1 |
Rs.85.85 |
|
Euro |
1 |
Rs.69.94 |
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.