|
Report Date : |
14.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
Fu Chun Shin Machinery Manufacture Co., Ltd. |
|
|
|
|
Registered Office : |
No.269, Bao Dong Rd., Guanmiao Dist., Tainan
City 718 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
17.07.1991 |
|
|
|
|
Com. Reg. No.: |
86122164 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of machinery |
|
|
|
|
No. of Employees : |
About 300 |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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. 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 1.8%, due primarily to a 13.1% year-on-year decline in exports. In 2010 GDP grew 10.7%, as exports returned to the level of previous years, and in 2011, grew 4.0%. In 2012, however, growth fell to 1.3%, 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 except for the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010, so far Taiwan has been excluded from this greater economic integration in part because of its diplomatic status. Negotiations continue on such follow-on components of ECFA regarding trade in goods and services. The MA administration has said that the ECFA will serve as a stepping stone toward trade pacts with other key trade partners, which Taiwan subsequently launched with Singapore and New Zealand. 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 11.2% of the island's total population as of 2012. The island runs a large trade surplus largely because of its surplus with China, and its foreign reserves are the world's fifth largest, behind China, Japan, Saudi Arabia, and Russia. In 2006 China overtook 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. In August 2012, Taiwan Central Bank signed a memorandum of understanding on cross-Strait currency settlement with its Chinese counterpart. The MOU allows for the direct settlement of Chinese RMB and the New Taiwan dollar across the Strait, which could help develop Taiwan into a local RMB hub. 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: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.269, Bao Dong
Rd., Guanmiao Dist., Tainan City 718, Taiwan R.O.C. |
|
Supplied Address: |
No 269 Baodong
Road Pitou Village Guanmiao District Tinan City 1841 |
|
Telephone Number: |
+886-6-595-0688 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as
above.
|
Registered Name: |
|
|
Registered Address: |
No.269, Bao Dong Rd., Guanmiao Dist., Tainan
City 718, Taiwan R.O.C. |
|
Date of Foundation: |
1991-7-17 |
|
Registration Number: |
86122164 |
|
Registry: |
Department of Commerce, Ministry
of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 1,500,000,000
(USD 50,850,000) (As of 2013.12, 1 NTD = 0.0339 USD) |
|
Paid-up Capital: |
NTD 1,148,692,950 (USD 38,940,691) |
|
Legal Representatives: |
Boxun Wang |
|
Legal Form: |
|
|
Principal Activities: |
Manufacturing
and sales of machinery |
|
Staff: |
|
|
Listed at Stock Exchange: |
Yes; Stoke
Symbol:6603 |
|
Date of Last Annual Return: |
Subject was incorporated
on 1991-7-17 with registered number 86122164
as Joint Stock Company in
Taiwan.
Subject listed on Taiwan Over-The-Counter Securities exchange on
2004-4-5.
|
Subscription Shares |
|
|
Boxun Wang |
9,733,748 |
|
Junjie Wang |
4,666,588 |
|
Bofeng Investment Co. Ltd (Literal Translation) |
2,755,743 |
|
Jiamiao Qiu |
584,000 |
|
Junxian Wang |
4,648,662 |
|
Shiming Chen |
446,175 |
|
Junyu Wang |
572,410 |
|
Suzhen Zhang |
3,114,715 |
|
Feiru Chen |
226,600 |
The information above is that of subject’s major shareholders.
Shareholder Information:
|
Registered Name: |
Bofeng Investment Co. Ltd (Literal Translation) |
|
Registered Address: |
No. 69, 226 Lane, 2 Sec, Huadong Road, East
District, Tainan City |
|
Date of Foundation: |
1997-5-23 |
|
Registration Number: |
16012586 |
|
Registry: |
Tainan City Government |
|
Registered Capital: |
NTD 20,100,000 (USD 681,390) (As of 2013.12, 1 NTD = 0.0339 USD) |
|
Paid-up Capital: |
NTD 20,100,000 (USD 681,390) |
|
Legal Representatives: |
Suzhen Zhang |
|
Legal Form: |
Joint Stock Company |
|
Principal Activities: |
General investment |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2012-7-24 |
Related Companies
|
1 |
|
|
Name |
Fu Chun Shin(Ningbo)Machinery Manufacture Co,Ltd |
|
Region |
China |
|
Date of Foundation: |
2012-3-29 |
|
2 |
|
|
Name |
Fu Chun Shing Co., Ltd. |
|
Region |
British Virgin IS. |
|
Date of Foundation: |
1998-4-30 |
Sales Offices
|
1 |
|
|
Name |
Mexico office |
|
Telephone number |
+52-55-2290-9618 |
|
Email |
|
|
|
|
|
Name |
Brazil office |
|
Telephone number |
+55-11-2722-6766 |
|
Email |
|
|
|
|
|
Name |
South Africa office |
|
Telephone number |
+27-11-786-5228 |
|
Email |
|
|
|
|
|
Name |
Poland office |
|
Telephone number |
+48-22-40-99-118 |
|
Email |
|
|
|
|
|
Name |
FCS Ningbo |
|
Telephone number |
+86-574-5613-8688 |
|
Email |
|
Note:
It is introduced that subject has many members covering all over the
world, we offer the major related companies and offices for reference as
following:
Factories
|
Address: |
No 269-6, 10,A Baodong Road Pitou Village
Guanmiao District Tinan City 1841 |
|
Date of Foundation: |
1986-10-27 |
|
Date of Registration: |
1988-7-16 |
|
Factory Registration Number: |
99659196 |
|
Factory Manager: |
Boxun wang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2010-1-14 |
Core Management
Directors
|
1 |
|
|
Name |
Boxun wang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Junjie wang |
|
Position |
Vice-President |
|
3 |
|
|
Name |
Fengbo wang |
|
Position |
Director |
|
4 |
|
|
Name |
Jiamiao qiu |
|
Position |
Director |
|
5 |
|
|
Name |
Junxian wang |
|
Position |
Director |
|
6 |
|
|
Name |
Shiming chen |
|
Position |
Director |
|
7 |
|
|
Name |
Junyu wang |
|
Position |
Director |
|
8 |
|
|
Name |
Wenbin cai |
|
Position |
Independent Director |
|
9 |
|
|
Name |
Shuangxi zhuang |
|
Position |
Independent Director |
|
10 |
|
|
Name |
Suzhen zhang |
|
Position |
Supervisor |
|
11 |
|
|
Name |
Zongzheng wu |
|
Position |
Supervisor |
|
12 |
|
|
Name |
Feiru chen |
|
Position |
Supervisor |
|
13 |
|
|
Name |
Shengzong Cai |
|
Position |
Manager |
|
Date of Appointment |
2001-10-1 |
Personnel
Structure
|
Total Employees |
About 300 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.269, Bao Dong Rd., Guanmiao Dist., Tainan City 718, Taiwan R.O.C. |
Production
Information
·
Subject is engaged in manufacturing of machinery, etc.
·
Subject has factories in Taiwan and the mainland of
China for production.
·
Subject obtained the certification of ISO9001, CE,
etc.
Purchase
Information
The registered
activities of subject:
|
Business Code |
Details |
|
-- |
Plastic injection machine, mold manufacturing, etc |
|
-- |
Vehicle parts and electronic components, such as plastic products manufacturing,
processing and buying and selling business |
|
CB01990 |
Other mechanical manufacturing kitchen waste processor |
|
CC01020 |
Wire and cable manufacturing |
|
CB01010 |
Machinery and equipment manufacturing |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
The components and raw material for production are purchased both home
and abroad.
·
The subject is mainly engaged in sales of injection molding machine, etc.
·
The major injection
molding machines sold by subject include standard, power-saving,
high-speed precise, giant, multi-component, thermosetting, packaging
application, rubber, etc.
·
The products are applied in Hardware, Opto-electronics
industry, mobile manufacture, connector, Auto parts industry, etc.
·
The subject sales regions
covered all over the world.
·
Subject’s main customers
include
Chi Mei Corporation, The Great Wall
Group Co., Ltd, etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Components and
raw material |
Cash, T/T |
100% |
Foreign
Purchase
|
Terms |
Proportion |
|
|
Components and
raw material |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Machinery |
T/T, Cash |
100% |
Export
|
Terms |
Proportion |
|
|
Machinery |
L/C, |
100% |
Unit: NTD/000
|
|
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
68,424.00 |
76,785.00 |
|
Available-for-sale financial assets -
current |
1,495.00 |
2,329.00 |
|
Notes receivable - net |
202,676.00 |
189,348.00 |
|
Accounts receivable - net |
280,193.00 |
246,486.00 |
|
Accounts receivable - related parties - net |
37,705.00 |
37,648.00 |
|
Other receivables - related parties |
143,275.00 |
88,311.00 |
|
Inventories |
575,623.00 |
458,956.00 |
|
Other current assets |
33,752.00 |
39,621.00 |
|
Current assets |
1,343,143.00 |
1,139,484.00 |
|
Funds and Investments |
|
|
|
Long-term investments under equity method |
1,130,191.00 |
1,174,951.00 |
|
Real estate investment |
133,175.00 |
0.00 |
|
Investments |
1,263,366.00 |
1,174,951.00 |
|
Funds and investments |
1,263,366.00 |
1,174,951.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
153,900.00 |
153,900.00 |
|
Buildings and structures |
240,013.00 |
240,235.00 |
|
Machinery and equipment |
182,993.00 |
164,338.00 |
|
Utilities equipment |
12,121.00 |
11,878.00 |
|
Transportation equipment |
12,218.00 |
12,544.00 |
|
office equipment |
16,462.00 |
15,763.00 |
|
Other facilities |
9,458.00 |
6,284.00 |
|
Revaluation increment |
350,215.00 |
350,215.00 |
|
Cost and revaluation increment |
977,380.00 |
955,157.00 |
|
Accumulated depreciation |
(261,100.00) |
(240,833.00) |
|
Construction in process and prepayment for
equipments |
72,019.00 |
33,736.00 |
|
Fixed assets |
788,299.00 |
748,060.00 |
|
Intangible Assets |
|
|
|
Business mark right |
48.00 |
82.00 |
|
Patent rights |
162.00 |
230.00 |
|
Computer software cost |
4,618.00 |
2,849.00 |
|
Other intangible assets |
4,020.00 |
6,171.00 |
|
Intangible assets |
8,848.00 |
9,332.00 |
|
OtherAssets |
|
|
|
leased property |
247,781.00 |
219,177.00 |
|
Guarantee deposits paid |
5,717.00 |
3,444.00 |
|
Deferred charges |
2,881.00 |
4,285.00 |
|
Long-term notes receivable and payment |
8,816.00 |
23,154.00 |
|
Other assets - other |
55,298.00 |
23,191.00 |
|
Other assets |
320,493.00 |
273,251.00 |
|
Assets |
3,724,149.00 |
3,345,078.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
short-term borrowing |
308,287.00 |
45,091.00 |
|
Short-term notes and bills payable |
44,996.00 |
0.00 |
|
Changes in the fair value of the financial
liability on profit and loss-flow |
70.00 |
323.00 |
|
notes payable |
3,130.00 |
1,076.00 |
|
Accounts payable |
227,539.00 |
254,494.00 |
|
Accounts payable - related parties |
51,312.00 |
39,016.00 |
|
Income tax payable |
15,263.00 |
0.00 |
|
Accrued expenses |
82,147.00 |
87,887.00 |
|
advance receipt |
178,474.00 |
97,706.00 |
|
Long-Term Liabilities -Current Portion |
69,170.00 |
55,570.00 |
|
Other current liabilities |
20,852.00 |
28,892.00 |
|
Current liabilities |
1,001,240.00 |
610,055.00 |
|
Long term Liabilities |
|
|
|
Long-term borrowings |
637,279.00 |
594,918.00 |
|
Long-term liabilities |
637,279.00 |
594,918.00 |
|
Reserves |
|
|
|
Reserve for land revaluation increment tax |
222,545.00 |
222,545.00 |
|
Reserves |
222,545.00 |
222,545.00 |
|
Other Liabilities |
|
|
|
Pension reserve / accrued pension liability |
74,020.00 |
74,517.00 |
|
Guarantee deposits received |
9,865.00 |
9,865.00 |
|
deferred income taxes |
86,167.00 |
81,523.00 |
|
Other liabilities - other |
6,653.00 |
7,960.00 |
|
Other liabilities |
176,705.00 |
173,865.00 |
|
Liabilities |
2,037,769.00 |
1,601,383.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
1,119,736.00 |
1,066,415.00 |
|
Capital Surplus |
|
|
|
Capital surplus - additional paid-in capital |
93,076.00 |
183,722.00 |
|
Capital reserves - storage stock trading |
1,500.00 |
1,500.00 |
|
Capital surplus |
94,576.00 |
185,222.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
78,950.00 |
65,896.00 |
|
The special reserve |
2,786.00 |
2,786.00 |
|
No amount of retained earnings |
236,353.00 |
229,663.00 |
|
Retained earnings |
318,089.00 |
298,345.00 |
|
Stockholders' Equity and Other adjustment |
|
|
|
Cumulative translation adjustments |
52,833.00 |
83,791.00 |
|
Net loss not recognized as pension cost |
(19,542.00) |
(17,748.00) |
|
Unrealized Revaluation Increment |
127,670.00 |
127,670.00 |
|
Treasury stock |
(6,982.00) |
0.00 |
|
Equity adjustments |
153,979.00 |
193,713.00 |
|
Stockholders‘ equity |
1,686,380.00 |
1,743,695.00 |
|
Number of Treasury Stock Acquired by Parent
Company and Subsidiaries (unit: Share) |
450,000.00 |
0.00 |
|
Equivalent Shares of Outstandings of Advance
Receipts for Common Stock (Unit: Share) |
0.00 |
0.00 |
Unit: NTD/000
|
|
2012 |
2011 |
|
Sales |
1,668,598.00 |
1,886,723.00 |
|
Return Inward |
12,068.00 |
412.00 |
|
Sales discounts and allowances |
2,480.00 |
8,710.00 |
|
Sales |
1,654,050.00 |
1,877,601.00 |
|
Operating income |
1,654,050.00 |
1,877,601.00 |
|
Operating costs |
1,348,256.00 |
1,573,021.00 |
|
Gross profit (loss) from operations |
305,794.00 |
304,580.00 |
|
Unrealized interests between affiliate companies |
4,626.00 |
7,010.00 |
|
Affiliate company has achieved between interests |
5,280.00 |
2,359.00 |
|
Selling expense |
198,071.00 |
186,376.00 |
|
General and administrative expenses |
57,516.00 |
63,133.00 |
|
research and development expenses |
33,226.00 |
32,265.00 |
|
Operating expenses |
288,813.00 |
281,774.00 |
|
Operating income (loss) |
17,635.00 |
18,155.00 |
|
Non-Operating Income |
|
|
|
Interest income |
7,949.00 |
6,365.00 |
|
Income from long-term equity investments under
the equity method |
32,474.00 |
116,466.00 |
|
Gains on disposal of fixed assets |
227.00 |
303.00 |
|
Foreign exchange gains |
0.00 |
3,973.00 |
|
Rental Income |
32,109.00 |
28,939.00 |
|
Financial assets evaluation |
2,590.00 |
0.00 |
|
Miscellaneous income |
6,168.00 |
11,105.00 |
|
Non-operating revenues and gains |
81,517.00 |
167,151.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
15,998.00 |
14,141.00 |
|
Loss on disposal of fixed assets |
9.00 |
41.00 |
|
loss on exchange |
12,561.00 |
0.00 |
|
Financial liability loss evaluation |
0.00 |
1,739.00 |
|
Sundry Expenses |
6,510.00 |
6,570.00 |
|
Non-operating expenses and losses |
35,078.00 |
22,491.00 |
|
Income from continuing operations before income
tax |
64,074.00 |
162,815.00 |
|
Income tax expense (benefit) |
26,993.00 |
32,277.00 |
|
Income from continuing operations |
37,081.00 |
130,538.00 |
|
Net income (loss) |
37,081.00 |
130,538.00 |
|
Primary Earnings per Share |
|
|
|
Primary earnings per share |
0.33 |
1.30 |
|
Diluted earnings per share |
|
|
|
Diluted earnings per share |
0.33 |
1.30 |
Unit: NTD/000
|
|
2012 |
2011 |
|
Cash Flows from Operating Activities - Indirect
Method |
37,081.00 |
130,538.00 |
|
Net Income (Loss) |
|
|
|
Adjustments to Reconcile Net Income to Net Cash
Provided by (Used in) Operating Activities |
28,773.00 |
27,823.00 |
|
Depreciation Expense |
5,927.00 |
8,506.00 |
|
The number of differences between the net pension
costs and contributions |
-1,794.00 |
-4,474.00 |
|
The equity method to recognize the investment
losses (gains) |
-32,474.00 |
-116,466.00 |
|
Loss (Gain) on Decline (Recovery) in Market
Value, Scrap and Obsolescence of Inventories |
38,594.00 |
0.00 |
|
Investment Loss (Income) Recognized under Equity
Method |
-218.00 |
-262.00 |
|
Financial assets and liabilities unrealized loss
evaluation (interest) |
581.00 |
5,626.00 |
|
Other Adjustments to Reconcile Net Income |
|
|
|
Changes in Operating Assets and Liabilities |
-13,328.00 |
-20,765.00 |
|
Decrease (Increase) in Notes Receivable |
-33,707.00 |
-3,441.00 |
|
Decrease (Increase) in Accounts Receivable |
-57.00 |
-6,722.00 |
|
Decrease (Increase) in Accounts Receivable -
Related Parties |
13,257.00 |
0.00 |
|
Decrease (Increase) in Other Receivable- Related
Parties |
-116,667.00 |
-46,654.00 |
|
Decrease (Increase) in Inventories |
1,738.00 |
18,892.00 |
|
Impairment Losses on Financial Asset |
-3,369.00 |
1,941.00 |
|
Decrease (Increase) in Inventories |
14,338.00 |
-13,777.00 |
|
Notes payable increase (decrease) |
2,054.00 |
-7,110.00 |
|
Decrease (Increase) in Other Current Assets |
-26,955.00 |
-16,346.00 |
|
Increase (Decrease) in Accounts Payable |
12,296.00 |
13,381.00 |
|
Increase (Decrease) in Accounts Payable - Related
Parties |
15,263.00 |
0.00 |
|
Increase (Decrease) in Income Tax Payable |
-5,740.00 |
16,300.00 |
|
Advance payment increase (decrease) |
80,768.00 |
-23,915.00 |
|
Increase (Decrease) in Other Payable - Related
Parties |
-8,540.00 |
9,020.00 |
|
Deferred income tax liabilities increase
(decrease) |
10,985.00 |
30,333.00 |
|
Accrued pension liabilities increase (decrease) |
-497.00 |
5,781.00 |
|
Deferred credits increase (decrease) |
-654.00 |
4,651.00 |
|
Operating activities net cash inflow, outflow) |
17,655.00 |
12,860.00 |
|
cash flows from investing |
|
|
|
Acquisition of Investments Accounted for by
Equity Method |
-97,579.00 |
-140,549.00 |
|
Purchase of Property, Plant and Equipment |
80.00 |
2,340.00 |
|
Proceeds from Disposal of Property, Plant and
Equipment |
-2,273.00 |
-1,498.00 |
|
Decrease (Increase) in Refundable Deposits |
-418.00 |
-2,600.00 |
|
Other receivables - participants increase or
decrease |
-68,221.00 |
-47,847.00 |
|
Restricted assets increase or decrease |
8,166.00 |
-2,992.00 |
|
Increase in Deferred Charges |
-3,621.00 |
-3,676.00 |
|
Purchase of real estate investment cost |
-133,227.00 |
0.00 |
|
Other assets increase or decrease |
-32,773.00 |
-22,525.00 |
|
Purchase of Intangible Assets |
-329,866.00 |
-219,347.00 |
|
Net Cash Provided by (Used in) Investing
Activities |
|
|
|
Cash Flows from Financing Activities |
263,196.00 |
38,122.00 |
|
Increase (Decrease) in Short-term Loans |
44,996.00 |
0.00 |
|
Increase (Decrease) in Short-term Notes and Bills
Payable |
55,961.00 |
-72,161.00 |
|
In the margin increase or decrease |
0.00 |
-720.00 |
|
Cash dividends |
-53,321.00 |
-79,732.00 |
|
increment of cash |
0.00 |
272,250.00 |
|
Storage stocks to buy back the cost |
-6,982.00 |
0.00 |
|
Exercise of Employee Stock Options |
303,850.00 |
157,759.00 |
|
Net Cash Provided by (Used in) Financing
Activities |
-8,361.00 |
-48,728.00 |
|
Net Increase (Decrease) in Cash and Cash
Equivalents |
76,785.00 |
125,513.00 |
|
Cash and Cash Equivalents, Beginning of year |
68,424.00 |
76,785.00 |
|
Cash and Cash Equivalents, End of year |
|
|
|
Supplemental Cash Flow Information |
18,425.00 |
14,398.00 |
|
Capitalized interest |
-2,427.00 |
-257.00 |
|
Do not contain capitalization interest paid in
current period of interest |
15,998.00 |
14,141.00 |
|
Interest Paid- Excluding Capitalized Interest |
4,115.00 |
0.00 |
|
Does not affect the cash flow of investment and
financing activities |
|
|
|
Due within one year of long-term liabilities |
69,170.00 |
55,570.00 |
|
Inventory turns column fixed assets |
0.00 |
1,166.00 |
|
cumulative translation adjustment |
-30,958.00 |
50,272.00 |
Mortgage
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
081792 |
|
Debtor Name: |
Fu Chun Shin Machinery Manufacture Co., Ltd. |
|
Document Number: |
09305198770 |
|
Date of Registration: |
2004/11/29 |
Lawsuit
|
Trial Number: |
2008,Nanjian,1394 |
|
Date of Trial: |
2008-12-31 |
|
Reason: |
Repay The Loan |
|
2 |
|
|
Trial Number: |
2006,Nanjianbu,136 |
|
Date of Trial: |
2006-12-1 |
|
Reason: |
Repay The Deposit |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.13 |
|
|
1 |
Rs.101.53 |
|
Euro |
1 |
Rs.85.41 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.