|
Report Date : |
02.11.2012 |
IDENTIFICATION DETAILS
|
Name : |
TON YI INDUSTRIAL CORP. |
|
|
|
|
Registered Office : |
No.837, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
14.04.1969 |
|
|
|
|
Com. Reg. No.: |
73252657 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of TMBP, tinplate, and tin can, etc |
|
|
|
|
No. of Employees : |
About 1,200 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 : |
Good |
|
Payment Behaviour : |
Regular |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Taiwan - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually decreasing government guidance of investment and foreign trade. In keeping with this trend, some large, state-owned banks and industrial firms have been privatized. Exports, led by electronics, machinery, and petrochemicals have provided the primary impetus for economic development. This heavy dependence on exports exposes the economy to fluctuations in world demand. In 2009, Taiwan's GDP contracted 1.9%, due primarily to a 20% year-on-year decline in exports. In 2010 GDP grew 10.9%, as exports returned to the level of previous years, and in 2011, grew 5.2%. However, 2012 growth will likely be less, according to most forecasters, because of softening global demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are major long-term challenges. Free trade agreements have proliferated in East Asia over the past several years, but so far Taiwan has been excluded from this greater economic integration largely because of its diplomatic status with the exception of the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010. The MA administration has said that the ECFA will serve as a stepping stone toward trade pacts with other regional partners, and negotiations on a deal with Singapore began this year. Follow-on components of ECFA, including deals on trade in goods, services, and investment, have yet to be completed. Taiwan's Total Fertility rate of just over one child per woman is among the lowest in the world, raising the prospect of future labor shortages, falling domestic demand, and declining tax revenues. Taiwan's population is aging quickly, with the number of people over 65 accounting for 10.9% of the island's total population as of 2011. The island runs a large trade surplus, and its foreign reserves are the world's fourth largest, behind China, Japan, and Russia. Since 2005 China has overtaken the US to become Taiwan's second-largest source of imports after Japan. China is also the island's number one destination for foreign direct investment. Three financial memorandums of understanding, covering banking, securities, and insurance, took effect in mid-January 2010, opening the island to greater investments from the mainland's financial firms and institutional investors, and providing new opportunities for Taiwan financial firms to operate in China. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also poses new challenges as the island becomes more economically dependent on China while political differences remain unresolved.
Source : CIA
|
Company Name: |
Ton Yi Industrial Corp. |
|
Supplied Name: |
Ton Yi Industrial Corp |
|
Trading Address: |
No.837, Chung Cheng N. Rd., Yongkang Dist., Tainan City 710, Taiwan
(R.O.C.) |
|
Supplied Address: |
837 Chung N Rd Yang Kang District Taiman City |
|
Telephone Number: |
+886-6-253-1131 |
|
Fax Number: |
+886-6-253-5222 |
|
E-mail: |
|
|
Website: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
Subject was incorporated on 1969-4-14 with registered number 73252657 as Joint Stock Company in Taiwan.
Subject listed on Taiwan Stock Exchange on 1991-1-29.
Awards
|
Year |
Awards |
|
2009 |
Blue chip
importer and exporter |
|
2010 |
Blue chip
importer and exporter |
|
2011 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
2011 |
22,000,000 |
|
Name |
Subscription Shares |
|
Uni-President Enterprises Corp. |
719,357,425 |
| Xiangju
Liang |
5,920,028 |
|
Toyota Tsusho Corporation |
88,549,987 |
|
Gao Quan Investment Corporation (Literal
Translation) |
23,333,700 |
|
Junren Chen |
3,089,870 |
|
Congxian Zhang |
2,100,000 |
The information above is that of subject’s major shareholders.
Related Companies
|
1 |
|
|
Name |
Jiangsu Ton Yi
Tinplate Co., Ltd. |
|
Address |
Tai Shan Road
No.1, New Development Zone, Wuxi City, Jiangsu Province, China |
|
Telephone Number |
+86-510-8521-5096 |
|
Fax Number |
+86-510-8521-0124 |
|
Email |
|
|
2 |
|
|
Name |
Fujian Ton Yi
Tinplate Co., Ltd. |
|
Address |
Nanbei No.2 Road
Jiaomei Industry General Developing District, Longhai City, Fujian Province,
China |
|
Telephone Number |
+86-596-676-6266 |
|
Fax Number |
+86-596-676-5292 |
|
Email |
|
|
3 |
|
|
Name |
Zhangzhou Ton Yi
Industrial Co., Ltd. |
|
Address |
Fengshan
Industrial Park, Zhangzhou Taiwanese Investment Zone, Fujian Province, China |
|
Telephone Number |
+86-596-676-6266 |
|
Fax Number |
+86-596-676-6867 |
|
Email |
|
|
4 |
|
|
Name |
Chengdu Ton Yi
Industrial Packing Co., Ltd. |
|
Address |
East Section
South 2nd Road, Xindu Industrial Zone Of Chengdu Satellite-Down,
China |
|
Telephone Number |
+86-28-8396-6885 |
|
Fax Number |
+86-28-8396-5400 |
|
Email |
|
|
5 |
|
|
Name |
Wuxi Ton Yi
Industrial Packing Co., Ltd. |
|
Address |
Tai Shan Road
No.3, New Zone, Wuxi, Jiangsu, China |
|
Telephone Number |
+86-510-8521-4650 |
|
Fax Number |
+86-510-8521-6264 |
|
Email |
|
|
6 |
|
|
Name |
Tovecan
Corporation Ltd., |
|
Address |
Lot
A60/I-A61/II, No.7 Street, Vinh Loc Industrial Park, Binh Hung Hoa B Ward,
Binh Tan District, Hochiminh City, Vietnam |
|
Telephone Number |
+84-8-3765-5214 |
|
Fax Number |
+84-8-3765-5211 |
|
Email |
|
Core
Management
|
1 |
|
|
Name |
Qingyuan Gao |
|
Position |
Board Director |
|
2 |
|
|
Name |
Xiangju Liang |
|
Position |
Vice Chairman of
the Board Directors |
|
3 |
|
|
Name |
Cangsheng Lin |
|
Position |
Director |
|
4 |
|
|
Name |
Longyi Lin |
|
Position |
Director |
|
5 |
|
|
Name |
Zhixian Luo |
|
Position |
Director |
|
6 |
|
|
Name |
Wenlong Yang |
|
Position |
Director |
|
7 |
|
|
Name |
Jingzhang
Guchuan |
|
Position |
Director |
|
8 |
|
|
Name |
Xiuling Gao |
|
Position |
Director |
|
9 |
|
|
Name |
Junren Chen |
|
Position |
Supervisor |
|
10 |
|
|
Name |
Congxian Zhang |
|
Position |
Supervisor |
|
11 |
|
|
Name |
Zhizhong Chen |
|
Position |
Manager |
|
Date of
Appointment |
2004-7-1 |
|
12 |
|
|
Name |
Fengfu Chen |
|
Position |
Manager |
|
Date of
Appointment |
2005-7-30 |
Personnel
Structure
|
Total Employees |
About 1,200 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.837, Chung Cheng N. Rd., Yongkang Dist., Tainan City 710, Taiwan
(R.O.C.) |
Production
Information
l
Subject is engaged in manufacturing of TMBP,
tinplate, and tin can, etc.
l
Subject’s business has been divided into three
major divisions which are TMBP division, Tinplate division, and Tin can
division,
l
Subject has plants in Taiwan, mainland China and
Vietnam for production and the details of production information as follows for
reference.
|
Plant |
Product |
Production Capacity |
Certification |
|
Tainan Ton Yi |
Tinplate |
300,000 MT |
JIS, ISO 9001, ISO 14001, OHSAS 18001 |
|
Jiangsu Ton Yi |
Electrolytic tinning |
160,000 MT |
ISO 9001, ISO 14001, JIS G3303 |
|
Fujian Ton Yi |
Electrolytic tinning |
160,000 MT |
JIS G3303 ISO 9001 |
|
TFS |
100,000 MT |
||
|
Zhangzhou Ton Yi |
PET cap |
-- |
-- |
|
Chengdu Ton Yi |
Can |
400 million |
ISO 9001 |
|
Printed tinplates |
42 million pieces |
||
|
Wuxi Ton Yi |
Can |
400 million |
ISO 9001 |
|
Printed tinplates |
84 million pieces |
||
|
Tovecan |
Can |
120 million |
ISO 9001 |
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing, processing and trading of iron
sheet, printing can and its raw material |
|
-- |
Manufacturing, processing and trading of plating
steel sheet and steel plate |
|
-- |
Import and export of tin and tinplate machinery |
|
-- |
Providing services of manufacturing and
processing technology about can, plating steel sheet and steel plate |
|
F199990 |
Other wholesale (ferric oxide, fatty acid,
tinwork, stannic oxide) |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The components and raw materials for production are
purchased both home and abroad.
l
It is introduced that subject imports some
technology from Japan, etc.
l
Subject is engaged in sales of TMBP, tinplate, and
tin can, etc.
l
Subject’s sales region is in all over the world
such as Asia, Europe, America, and Australia, etc.
l
Subject obtained the certifications of JIS, ISO
9001, ISO 14001, and OHSAS 18001.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
Components and raw materials, etc |
COD, CBD, Credit Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw materials, etc |
CBD |
100% |
Sales
Domestic Markets (Taiwan and Mainland, China)
|
Sales Terms |
Proportion |
|
|
COD, CBD, Credit
Sales, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
TMBP, tinplate, and tin can, etc |
CBD, etc |
100% |
Unit: NTD/000
|
Date |
2012-9-30 |
2011-9-30 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
127,965.00 |
10,509.00 |
|
Notes receivable - net |
186,498.00 |
163,470.00 |
|
Accounts receivable - net |
349,366.00 |
374,568.00 |
|
Accounts receivable - related parties - net |
801,840.00 |
1,143,502.00 |
|
Other financial assets - current |
811.00 |
1,228.00 |
|
Inventories |
2,773,001.00 |
3,361,380.00 |
|
Other prepayments |
41,452.00 |
21,813.00 |
|
Other current assets |
384,223.00 |
371,092.00 |
|
Current assets |
4,665,156.00 |
5,447,562.00 |
|
Funds and Investments |
|
|
|
Available-for-sale financial assets - non current |
97,257.00 |
156,714.00 |
|
Financial assets carried at cost - non current |
501,050.00 |
501,050.00 |
|
Debt investments without active market - non
current |
0.00 |
0.00 |
|
Equity investments under equity method |
4,186,421.00 |
4,460,401.00 |
|
Investments |
4,186,421.00 |
4,460,401.00 |
|
Other financial assets - non current |
5,406.00 |
9,406.00 |
|
Funds and long-term investments |
4,790,134.00 |
5,127,571.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
74,774.00 |
74,774.00 |
|
Buildings and structures |
5,140,705.00 |
5,140,705.00 |
|
Machinery and equipment |
27,566,037.00 |
27,755,943.00 |
|
Testing equipment |
181,909.00 |
181,419.00 |
|
Transportation equipment |
205,408.00 |
205,927.00 |
|
Office equipment |
5,535.00 |
5,600.00 |
|
Other facilities |
2,903,538.00 |
2,938,046.00 |
|
Revaluation increment |
552,337.00 |
552,337.00 |
|
Cost and revaluation increment |
36,630,243.00 |
36,854,751.00 |
|
Accumulated depreciation |
-20,677,902.00 |
-19,901,940.00 |
|
Construction in process and prepayment for
equipments |
65,100.00 |
140,243.00 |
|
Fixed assets |
16,017,441.00 |
17,093,054.00 |
|
Intangible Assets |
|
|
|
Intangible assets |
150,106.00 |
185,424.00 |
|
OtherAssets |
|
|
|
Other assets |
195,360.00 |
21,306.00 |
|
Assets |
25,818,197.00 |
27,874,917.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term borrowings |
1,064,956.00 |
2,240,271.00 |
|
Short-term notes and bills payable |
739,771.00 |
1,599,315.00 |
|
Financial liabilities measured at fair value
through profit or loss - current |
0.00 |
7,971.00 |
|
Notes payable |
24,954.00 |
35,890.00 |
|
Accounts payable |
195,383.00 |
384,361.00 |
|
Accounts payable - related parties |
32,096.00 |
128,362.00 |
|
Accrued expenses |
461,045.00 |
618,457.00 |
|
Long-term liabilities - current portion |
1,283,326.00 |
1,283,326.00 |
|
Other current liabilities |
30,031.00 |
226,114.00 |
|
Current liabilities |
3,831,562.00 |
6,524,067.00 |
|
Long term Liabilities |
|
|
|
Long-term borrowings |
3,641,685.00 |
2,213,752.00 |
|
Long-term liabilities |
3,641,685.00 |
2,213,752.00 |
|
Reserves |
|
|
|
Reserve for land revaluation increment tax |
197,039.00 |
197,039.00 |
|
Reserves |
197,039.00 |
197,039.00 |
|
Other Liabilities |
|
|
|
Other liabilities |
20,285.00 |
25,276.00 |
|
Liabilities |
7,690,571.00 |
8,960,134.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
15,791,453.00 |
15,791,453.00 |
|
Capital Surplus |
|
|
|
Capital surplus - additional paid-in capital |
58,271.00 |
58,271.00 |
|
Capital surplus - treasury stock transactions |
169,088.00 |
169,088.00 |
|
Capital surplus - donated assets received |
819.00 |
819.00 |
|
Capital surplus - long-term equity investments |
87,548.00 |
87,548.00 |
|
Capital surplus |
315,726.00 |
315,726.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
1,156,779.00 |
1,058,334.00 |
|
Special reserve |
0.00 |
0.00 |
|
Unappropriated retained earnings |
73,009.00 |
892,666.00 |
|
Retained earnings |
1,229,788.00 |
1,951,000.00 |
|
Stockholders' Equity and Other adjustment |
|
|
|
Cumulative translation adjustments |
761,889.00 |
932,622.00 |
|
Net loss not recognized as pension cost |
0.00 |
-164,245.00 |
|
Unrealized gains (losses) on financial
instruments |
-281,660.00 |
-222,203.00 |
|
Unrealized Revaluation Increment |
310,430.00 |
310,430.00 |
|
Equity adjustments |
790,659.00 |
856,604.00 |
|
Stockholders‘ equity |
18,127,626.00 (USD 618,152,046.60) |
18,914,783.00 (USD 644,994,100.30) |
|
Number of treasury stock acquired by the company
and subsidiaries (unit: share) |
0.00 |
0.00 |
|
|
0.00 |
0.00 |
(As of 2012.11, 1 NTD =
0.0341 USD)
Unit: NTD/000
|
Date |
2012-1-1~2012-9-30 |
2011-1-1~2011-9-30 |
|
Sales |
17,160,946.00 (USD 585,188,258.60) |
17,045,526.00 (USD 581,252,436.60) |
|
Sales returns |
1,017.00 |
1,440.00 |
|
Sales discounts and allowances |
101.00 |
3,117.00 |
|
Sales |
17,159,828.00 |
17,040,969.00 |
|
Operating income |
17,159,828.00 |
17,040,969.00 |
|
Operating costs |
16,265,019.00 |
15,143,759.00 |
|
Gross profit (loss) from operations |
894,809.00 |
1,897,210.00 |
|
Unrealized gains on intercompany transactions |
-17,142.00 |
176,953.00 |
|
Realized gains on intercompany transactions |
139,010.00 |
52,663.00 |
|
Selling expense |
700,812.00 |
677,259.00 |
|
General and administrative expenses |
190,752.00 |
216,175.00 |
|
Operating expenses |
891,564.00 |
893,434.00 |
|
Operating income (loss) |
159,397.00 |
879,486.00 |
|
Non-Operating Income |
|
|
|
Interest income |
88.00 |
51.00 |
|
Income from long-term equity investments under
the equity method |
0.00 |
130,208.00 |
|
Dividends |
25,182.00 |
1,326.00 |
|
Investment income |
25,182.00 |
131,534.00 |
|
Gains on disposal of fixed assets |
413.00 |
543.00 |
|
Gains on sale of investments |
0.00 |
1,421.00 |
|
Foreign exchange gains |
0.00 |
111,906.00 |
|
Revaluation gain on financial assets |
6.00 |
0.00 |
|
Miscellaneous income |
34,860.00 |
28,808.00 |
|
Non-operating revenues and gains |
60,549.00 |
274,263.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
87,026.00 |
79,569.00 |
|
Losses from long-term equity investments under
the equity method |
81,440.00 |
0.00 |
|
Investment loss |
81,440.00 |
0.00 |
|
Loss on disposal of fixed assets |
26.00 |
56,575.00 |
|
Foreign exchange losses |
10,108.00 |
0.00 |
|
Revaluation loss on financial liabilities |
0.00 |
8,374.00 |
|
Miscellaneous disbursements |
50.00 |
751.00 |
|
Non-operating expenses and losses |
178,650.00 |
145,269.00 |
|
Income from continuing operations before income
tax |
41,296.00 |
1,008,480.00 |
|
Income tax expense (benefit) |
18,822.00 |
148,878.00 |
|
Income from continuing operations |
22,474.00 |
859,602.00 |
|
Net income (loss) |
22,474.00 (USD 766,363.40) |
859,602.00 (USD 29,312,428.20) |
|
Primary Earnings per Share |
|
|
|
Primary earnings per share |
0.01 |
0.54 |
|
Diluted earnings per share |
|
|
|
Diluted earnings per share |
0.01 |
0.54 |
(As of 2012.11, 1 NTD =
0.0341 USD)
Unit: NTD/000
|
Date |
2012-1-1~2012-9-30 |
2011-1-1~2011-9-30 |
|
Net Income (Loss) |
22,474 |
859,602 |
|
Adjustments to Reconcile Net Income to Net Cash
Provided by (Used in) Operating Activities |
|
|
|
Depreciation Expense |
814,922 |
825,355 |
|
Amortization Expense |
30,620 |
29,711 |
|
Provision (Reversal of Provision) for Bad Debts
Losses |
1,899 |
208 |
|
Difference Between Net Pension Cost and Plan
Contribution |
-22,220 |
-13,171 |
|
Loss (Gain) on Decline (Recovery) in Market
Value, Scrap and Obsolescence of Inventories |
77,000 |
-126,000 |
|
Investment Loss (Income) Recognized under Equity
Method |
81,440 |
-130,208 |
|
Loss (Gain) on Disposal of Property, Plant and
Equipment |
-387 |
56,032 |
|
Property, Plant and Equipment Transferred to
Expenses |
0 |
0 |
|
Loss (Gain) on Disposal of Other Assets |
0 |
0 |
|
Loss (Gain) on Disposal of Investments |
0 |
-1,421 |
|
Unrealized Revaluation Loss (Gain) on Financial
Assets and Liabilities |
0 |
7,971 |
|
Unrealized Gain (Loss) on Intercompany
Transactions |
-17,142 |
176,953 |
|
Realized Loss (Gain) on Intercompany Transactions |
-139,010 |
-52,663 |
|
Unrealized Exchange Loss (Gain) |
10,276 |
-50,456 |
|
Loss (Gain) on Deferred Income Tax |
13,172 |
11,905 |
|
Other Adjustments to Reconcile Net Income |
0 |
0 |
|
Changes in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Financial Assets Held for
Trading |
0 |
0 |
|
Decrease (Increase) in Notes Receivable |
38,970 |
75,774 |
|
Decrease (Increase) in Accounts Receivable |
-85,804 |
-29,852 |
|
Decrease (Increase) in Accounts Receivable -
Related Parties |
-244,401 |
-533,074 |
|
Decrease (Increase) in Inventories |
241,848 |
-33,582 |
|
Decrease (Increase) in Other Prepayments |
-30,430 |
-12,551 |
|
Decrease (Increase) in Other Current Assets |
-1,910 |
-57,230 |
|
Decrease (Increase) in Other Financial Assets |
15,278 |
-498 |
|
Increase (Decrease) in Notes Payable |
-6,950 |
5,570 |
|
Increase (Decrease) in Accounts Payable |
95,564 |
219,061 |
|
Increase (Decrease) in Accounts Payable - Related
Parties |
22,159 |
5,477 |
|
Increase (Decrease) in Accrued Expenses |
-157,051 |
-310,475 |
|
Increase (Decrease) in Other Current Liabilities |
-11,833 |
25,706 |
|
Net Cash Provided by (Used in) Operating
Activities |
748,484 |
948,144 |
|
Cash Flows from Investing Activities |
|
|
|
Proceeds from Disposal of Financial Assets
Carried at Cost |
0 |
1,548 |
|
Purchase of Property, Plant and Equipment |
-74,682 |
-242,761 |
|
Proceeds from Disposal of Property, Plant and
Equipment |
120 |
1,945 |
|
Proceeds from Disposal of Rental Assets and Idle
Assets |
0 |
0 |
|
Decrease (Increase) in Other Financial Assets |
0 |
770 |
|
Net Cash Provided by (Used in) Investing
Activities |
-74,562 |
-238,498 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
921,667 |
1,901,830 |
|
Increase (Decrease) in Short-term Notes and Bills
Payable |
639,785 |
1,449,342 |
|
Proceeds from Long-term Debt |
2,658,214 |
3,752,399 |
|
Repayment of Long-term Debt |
-3,941,540 |
-6,604,761 |
|
Increase (Decrease) in Guarantee Deposits
Received |
0 |
0 |
|
Increase (Decrease) in Other Liabilities |
10 |
0 |
|
Cash Dividends Paid |
-868,530 |
-1,203,158 |
|
Net Cash Provided by (Used in) Financing
Activities |
-590,394 |
-704,348 |
|
Effect of Exchange Rate Changes |
-158 |
92 |
|
Net Increase (Decrease) in Cash and Cash
Equivalents |
83,370 |
5,390 |
|
Cash and Cash Equivalents, Beginning of year |
44,595 |
5,119 |
|
Cash and Cash Equivalents, End of year |
127,965 |
10,509 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
85,936 |
84,394 |
|
Capitalized Interest |
(405) |
(906) |
|
Interest Paid- Excluding Capitalized Interest |
85,531 |
83,488 |
|
Income Tax Paid |
102,174 |
327,291 |
|
Non-cash Investing and Financing Activities |
|
|
|
Current Portion of Long-term Liabilities |
1,283,326 |
1,283,326 |
|
Unrealized Valuation Gains or Losses on Financial
Instruments |
38,867 |
96,533 |
|
Cumulative Translation Adjustments |
(198,337) |
458,135 |
|
Others |
(822) |
0 |
Subject declined to disclose its bank details; from other source we cannot 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. Sun |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.79 |
|
UK Pound |
1 |
Rs.86.77 |
|
Euro |
1 |
Rs.69.71 |
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.