|
Report Date : |
04.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
JSJ GLOBAL LEATHER INC. |
|
|
|
|
Registered Office : |
1F., No.16, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
17.06.2008 |
|
|
|
|
Com. Reg. No.: |
29113025 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Trading of leather |
|
|
|
|
No. of Employees : |
About 5 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 |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
|
|
Supplied Address: |
16 Shangming 3rd Streetsitun District
Taichung City 407 Taiwan |
|
Telephone Number: |
|
|
Fax Number: |
|
|
E-mail: |
Notes: Subject’s exact name and address are as above and it is introduced that
the supplied name also belongs to subject.
|
Credit Opinion: |
|
Registered Name: |
JSJ GLOBAL LEATHER INC. |
|
Registered Address: |
|
|
Date of Foundation: |
|
|
Registration Number: |
29113025 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
(As of 2012.05, 1 NTD = 0.0342 USD) |
|
Paid-up Capital: |
NTD 5,000,000 (USD 171,000) |
|
Legal Representatives: |
Haoming Wu |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject was incorporated on
|
Name |
Subscription Shares |
|
Haoming Wu |
50 |
|
Chunmei Wuwang |
|
|
1,000 |
|
|
Zhenling Cai |
50 |
|
Chuande Liu |
1,000 |
|
Yijie Cai |
2,900 |
The information
above is that of subject’s major shareholders.
Subject did not introduce whether it has any subsidiaries or branches, from
other source we can not obtain the relevant information, either.
Core
Management
Directors
|
1 |
|
|
Name |
Haoming Wu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Chunmei Wuwang |
|
Position |
Director |
|
3 |
|
|
Name |
Zhenling Cai |
|
Position |
Director |
|
4 |
|
|
Name |
Chuande Liu |
|
Position |
Director |
|
5 |
|
|
Name |
Yijie Cai |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 5 employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
|
l
Subject is a trader of leather without any
production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject mainly purchases sheepskin from India, etc
l
The subject is mainly engaged in sales of leather
and its major products are sheepskin.
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject can deliver the goods to the
mainland of China, Vietnam and Cambodia,
etc
l
It is introduced that subject’s general delivery
date is 30 days after the order
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
Subject has little
domestic purchase
|
Payment Terms |
Proportion |
|
|
Leather |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Leather |
30% prepayment and 70% before delivery, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Leather |
30% prepayment and 70% before delivery, 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. Cai 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 banker First
Commercial Bank sec 1 Taichung 400 Taiwan R O C.
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. Cai |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.23 |
|
|
1 |
Rs.86.14 |
|
Euro |
1 |
Rs.69.98 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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.