MIRA INFORM REPORT
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Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
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Name : |
CENTARY FAITH INDUSTRIAL LTD. |
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Registered Office : |
1f, No.122, Fu Hsing
2nd Rd., Kwei-Shan Hsiang Taoyuan |
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Country : |
Taiwan |
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Date of Incorporation : |
28.04.1987 |
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Com. Reg. No.: |
2445581 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trade of PVC leather, PU leather |
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No. of Employees
: |
About 12 Employees |
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 : |
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Notes:
The exact address is as above.
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Registered Name: |
Centary Faith Industrial Ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
2445581 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2012.4, 1 NTD = 0.03387 USD) |
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Paid-up Capital: |
NTD10,000,000 (USD 338,675) |
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Legal Representatives: |
Mingzhu Liu |
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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: |
Subject was incorporated on
|
Name |
Subscription Amount |
|
Mingzhu Liu |
5,000 |
| Zhenzhu
Liu |
2,500 |
The information
above is that of subject’s major shareholders.
Core
Management
|
1 |
|
|
Name |
Mingzhu Liu |
|
Position |
Board of
Chairman |
|
2 |
|
|
Name |
Zhenzhu Liu |
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Position |
Director |
Personnel
Structure
|
Total Employees |
About 12 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
|
l
Subject is a trader of PVC leather, PU leather, etc
without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F107020 |
Wholesale of painting |
|
F113010 |
Wholesale of machinery |
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F113030 |
Wholesale of precious machinery |
|
F401010 |
International trade |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The productions are purchased from local.
l
Subject is mainly engaged in trading of PVC leather, PU leather and so on.
l
Subject introduced that its main products include
|
Import right |
Yes |
|
1 |
Nylon Taffeta, Polyester Fabric with PVC backing,
Nylon Fabric with PVC backing and various of printing fabrics for luggage,
hand bags and clothing etc. |
|
2 |
PVC Spong Leather, Wet PU Leather, various of
artificial leather for furniture, hand bags and shoe uppers etc. |
|
3 |
Yarn Dyeing and Fabric Dyeing whole plants |
|
4 |
Complete line and peripheral equipments for making
artificial leathers etc. |
|
5 |
Auto parts and auto parts manufacturing
equipments. |
l
Subject’s selling territory mainly covers the
overseas market.
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 Mr. Liu 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 |
Mr. Liu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.71 |
|
UK Pound |
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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.