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Report Date : |
11.05.2012 |
IDENTIFICATION DETAILS
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Name : |
QIN XIANG INDUSTRIAL CO., LTD. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
16.10.2002 |
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Com. Reg. No.: |
80286317 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of textiles and
equipment, etc |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 30, 2011
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Taiwan |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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: |
Room 1007, |
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Supplied Address: |
Room No. 1007, |
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Telephone Number: |
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Fax Number: |
Notes: Subject’s exact name and address are as above and the supplied name also belongs to subject.
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Registered Name: |
Qin Xiang Industrial Co., Ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
80286317 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2012.05, 1 NTD = 0.0341 USD) |
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Legal Representatives: |
Xiuyu Chen |
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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: |
Notes: Subject
declined to disclose its staff; from other source we can not obtain the
relevant information, either.
Subject
was incorporated on
|
Name |
Subscription Amount |
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Xiuyu Chen |
15,000,000 |
|
Tongyi
Village, Hezhuang Town Xiaoshan District Hangzhou, Zhejiang,China FAX:+86-571-82514822 |
Core Management
Director
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Name |
Xiuyu Chen |
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Position |
Director
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Offices & Factories
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Headquarters |
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Add |
Room 1007, |
Production
Information
l
Subject is a trader of textiles and
equipment without production activities itself
l
Subject’s related company in China is engaged
in manufacture of yarn, etc
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F401010 |
International Trading Business |
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F102030 |
Wholesales of cigarette and liquor |
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F203020 |
Retails of cigarette and liquor |
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F401171 |
Import of cigarette and liquor |
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F104110 |
Wholesales of fabric, garment,
footwear, caps, umbrella and accessories, etc |
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F113050 |
Wholesales of computers and Clerical
equipment |
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F204110 |
Retails of fabric, garment, footwear,
caps, umbrella and accessories, etc |
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F213030 |
Retails of computers
and Clerical equipment |
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ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
It is introduced that subject purchases
textiles mainly from Taiwan and its related company in the mainland of China.
l
The subject is mainly engaged in sales
of yarn, fabric and garment, etc
l
Subject also supplies fancy yarn
twister machine, relative spare parts and software for textile usage
l
Subject’s products are both sold in
domestic and overseas market and it is introduced that subject exports to USA
and Europe, etc
Major
products
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Textiles |
Draw Textured Yarn (DTY) Fancy Yarn (thick and thin, slub, nep, loop, wave, KDK) Functional Yarn: Flame Retardant, Quick-drying,
Anti-pilling, Anti-bacterial, Chip Partially Oriented Yarn (POY) Fully Draw Yarn (FDY) Spin Draw Yarn (SDY) Dope Dyed Yarn (Solution Dyed Yarn) Spun Dyed Yarn Mono-Filament Yarn Ring Spun Yarn Open End Spun Yarn (OE) Air-textured Yarn (ATY) Taslan Spandex (Dry Spinning) Clear Type Spandex Covered Yarn High Tenacity Industrial Yarn Staple Fiber (PSF,NSF,VSF) ITY(POY+FDY) |
|
Equipment |
Fancy
yarn twister machine, relative spare parts and software for textile usage |
Import
and export right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
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Textiles and equipment, etc |
CBD, Credit Sales, etc |
100% |
Foreign Purchase
Subject did not introduce its
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Textiles and equipment, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Textiles and equipment, 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’s relevant staff 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.
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.
Notes: Subject’s staff
declined to disclose her name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.33 |
|
|
1 |
Rs.86.10 |
|
Euro |
1 |
Rs.69.06 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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.