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Report Date : |
16.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
SHEI HENG HSIN SHEIFLEX INDUSTRIAL CO., LTD. |
|
|
|
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Registered Office : |
No.65-2, |
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Country : |
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|
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Date of Incorporation : |
28.08.1996 |
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Com. Reg. No.: |
97202875 |
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|
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Legal Form : |
Joint Stock Company |
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|
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Line of Business : |
Manufacture and trade of water sports apparel |
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|
No. of Employees : |
700 |
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 : |
Good |
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|
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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 – 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: |
No.65-2, Siho Road, Wu-Chieh Shiang, I-Lan Hsien 268, Taiwan, R.O.C. |
|
Supplied Address: |
No. 65, SI-Ho Road Wu-Chieh Shiang I-Lan, Hsien Taiwan |
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Telephone Number: |
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|
Fax Number: |
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E-mail: |
Notes:
The supplied name and address are incomplete, and the exact name and address are as above.
|
Credit Opinion: |
Subject was incorporated on
Change of Name
|
Former Chinese Name |
薛恒興彈性纖維工業股份有限公司 |
|
Current Chinese Name |
薛恒興彈性纖維工業股份有限公司 |
|
Subscription
Shares |
|
|
Peigong Xue |
378,226 |
|
Mincheng Xue |
|
|
680,000 |
|
|
Yuling Huang |
360,000 |
|
Huimei Xue |
286,033 |
|
Zhimei Xue |
90,606 |
|
Henwen Xue |
352,972 |
|
Hengxing Xue |
352,746 |
|
Jiabao Hu Xue |
365,983 |
The information above is that of subject’s major shareholders.
Factories in Taiwan
|
1 |
|
|
Name |
Neoprene Sheets Factory |
|
Telephone Number: |
+886-3-9505021 |
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Fax Number: |
+886-3-9507612 |
|
2 |
|
|
Name |
Performance Fabric Factory |
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Telephone Number: |
+886-3-9908600 |
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Fax Number: |
+886-3-9908606 |
|
3 |
|
|
Name |
Spandex Yarn Factory |
|
Telephone Number: |
+886-3-9907999 |
|
Fax Number: |
+886-3-9907991 |
Factories in Thailand
|
1 |
|
|
Name |
Sheico (Thailand) Co.,
Ltd. |
|
Telephone Number: |
+66-38-891500 |
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Fax Number: |
+66-38-891504~5 |
|
2 |
|
|
Name |
Sheico Group Co., Ltd. |
|
Telephone Number: |
+66-38-891123~4 |
|
Fax Number: |
+66-38-891125 |
Factories in China
|
1 |
|
|
Name |
Absdorf Ltd. |
|
Telephone Number: |
+86-755-84679558 |
|
Fax Number: |
+86-755-84679563 |
|
2 |
|
|
Name |
Zhejiang Shei Yung Hsin Spandex Co.,
Ltd. |
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Telephone Number: |
+86-573-87966681 |
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Fax Number: |
+86-573-87966684 |
|
3 |
|
|
Name |
Zhejiang Shei Yung Hsin Watersports Co., Ltd. |
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Telephone Number: |
+86-573-87967791 |
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Fax Number: |
+86-573-87967792 |
Core
Management
|
1 |
|
|
Name |
Peigong Xue |
|
Position |
Board of Chairman |
|
2 |
|
|
Name |
Mincheng Xue |
|
Position |
Director |
|
3 |
|
|
Name |
Yuling Huang |
|
Position |
Director |
|
4 |
|
|
Name |
Huimei Xue |
|
Position |
Director |
|
5 |
|
|
Name |
Zhimei Xue |
|
Position |
Director |
|
6 |
|
|
Name |
Hengxing Xue |
|
Position |
Director |
|
7 |
|
|
Name |
Jiabao Hu Xue |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
700 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.65-2, Siho Road, Wu-Chieh Shiang, I-Lan Hsien 268, Taiwan, R.O.C. |
Production
Information
l
Subject is a manufacturer of water sports apparel and the related products
with the production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C301010 |
Spinning
industry |
|
C302010 |
Weaving industry |
|
CK01010 |
Manufacture of
shoes |
|
F401010 |
International trade
|
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The raw materials for production are purchased from
both Taiwan and abroad.
l
Subject is mainly engaged in manufacturing and trading
of water sports apparel and the
related products.
l
Subject introduced that it is also involved in
processing and trading of spandex yarn and the related products.
l
Subject introduced that it has some factories
located in the mainland of China, Thailand, Cambodia and so on.
l
Subject introduced that its major products include
wetsuits, dry suits, rash guards, life vests/personal flotation devices,
waders, and other accessories such as neoprene boots and gloves and so on.
l
Subject’s selling territory covers all over the
world.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Subject declined to disclose 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 Ms. Zhang 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. Zhang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.84 |
|
UK Pound |
1 |
Rs.86.72 |
|
Euro |
1 |
Rs.69.17 |
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.