|
Report Date : |
23.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
ADDA CORP. |
|
|
|
|
Registered Office : |
No.6, East Section, Industry 6 Road, Pingtung
City, Pingtung County 900, Taiwan, R.O.C |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
30.09.2012 |
|
|
|
|
Date of Incorporation : |
19.07.1978 |
|
|
|
|
Com. Reg. No.: |
90724033 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of
electronic components, etc |
|
|
|
|
No. of Employees : |
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 : |
Usually correct |
|
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: |
|
|
Supplied Name: |
|
|
Trading Address: |
35 F, No.38, Singuang Road, Ling Ya
District, Kaohsing City, Taiwan (R.O.C) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-7-269-5166 |
|
Fax Number: |
+886-7-269-5366 |
|
E-mail: |
|
|
Website: |
Notes: The exact name and address are as above and the supplied address belongs to subject’s Pingtung factory.
|
Registered Name: |
ADDA Corp. |
|
Registered Address: |
No.6, East Section, Industry 6 Road, Pingtung City, Pingtung County
900, Taiwan, R.O.C. |
|
Date of Foundation: |
1978-7-19 |
|
Registration Number: |
90724033 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 2,400,000,000 (USD
81,600,000) (As of 2013.03, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 1,827,718,000 (USD 62,142,412) |
|
Legal Representatives: |
Rongjie Xu |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject was incorporated on 1978-7-19
with registered number 90724033 as Joint Stock Company in Taiwan.
Subject was listed on Taiwan stock exchange on 2004-12-30.
|
Name |
Subscription Shares |
|
Zhi Rong Zaizao Consultant Co., Ltd. (Literal
Translation) |
8,919 |
|
Kang Xun Co., Ltd. (Literal Translation) |
|
|
34,247,915 |
|
|
Ya Da Investment and Development Co., Ltd.
(Literal Translation) |
8,565,741 |
|
China Development and Investment Co., Ltd. (Literal
Translation) |
10,345,743 |
|
Hua Sheng Venture Capital Co., Ltd. |
5,145,429 |
The information above is that of subject’s major shareholders.
Factories
|
1 |
|
|
Name |
Pingtung Factory |
|
Address |
90049,No.6, East
Section Industrial 6th Road, Pingtung City, Pingtung County, Taiwan (R.O.C) |
|
Telephone Number |
+886-8-755-0579 |
|
Fax Number |
+886-8-753-2815 |
|
2 |
|
|
Name |
Xingwang Factory |
|
Address |
Bldg 10, The Third
Industrial Zone, Wanfeng Village, Shajing Town, Baoan District, Shenzhen
City, Guangdong Province, China |
|
Telephone Number |
+86-755-2723-0759 |
|
Fax Number |
+86-755-2723-0754 |
|
3 |
|
|
Name |
Gaojing Factory |
|
Address |
98 Industrial City,
Wanfeng Village, Shajing Town, Baoan District, Shenzhen City, Guangdong
Province, China |
|
Telephone Number |
+86-755-2985-1308 |
|
Fax Number |
+86-755-2985-1108 |
|
4 |
|
|
Name |
Kunshan Factory |
|
Address |
No.88, Fengjiang
Road, Zhangpu Town, Kunshan City, Jiangsu Province, China |
|
Telephone Number |
+86-512-5745-1127 |
|
Fax Number |
+86-512-57451146 |
Office
|
Name |
Taipei Office |
|
Address |
9Fl-6,
No.81,Sec.1, Hsin-Tai 5th Road , Sijhih District, New Taipei City,
Taiwan (R.O.C) |
|
Telephone Number |
+886-2-2698-0277 |
|
Fax Number |
+886-2-2698-0295 |
R&D Centre
|
Address |
10F-7, No.77,
Sec.1, Hsin-Tai 5th Road , Sijhih District, New Taipei City, Taiwan (R.O.C) |
|
Telephone Number |
+886-2-8698-4160 |
|
Fax Number |
+886-2-8698-4222 |
Related Company
|
Name |
Warburg Branch
Trade (Shenzhen) Co., Ltd. |
|
Address |
Room 1101-1102,
11th Floor, Xingji Building, Xinsha Road, Shajing Street, Shenzhen
City, Guangdong Province, China |
|
Telephone Number |
+86-755-2988-3085 |
Core
Management
Directors
|
1 |
|
|
Name |
Rongjie Xu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Lida Lv |
|
Position |
Director |
|
3 |
|
|
Name |
Shoucan Chen |
|
Position |
Director |
|
4 |
|
|
Name |
Ruiyi Huang |
|
Position |
Director |
|
5 |
|
|
Name |
Xinmao Xie |
|
Position |
Director |
|
6 |
|
|
Name |
Yanzuo Lu |
|
Position |
Director |
|
7 |
|
|
Name |
Songtian Guan |
|
Position |
Director |
|
8 |
|
|
Name |
Huachuang Qiu |
|
Position |
Independent
Director |
|
9 |
|
|
Name |
Shoujun Xu |
|
Position |
Independent
Director |
|
10 |
|
|
Name |
Xiangru Liao |
|
Position |
Supervisor |
|
11 |
|
|
Name |
Guangyu Yang |
|
Position |
Supervisor |
|
12 |
|
|
Name |
Zhilong He |
|
Position |
Manager |
|
Date of
Appointment |
2007-3-22 |
Personnel Structure
|
Total Employees |
About 300 Employees (Taiwan) |
Offices
& Factories
|
|
Headquarters |
|
Add |
35 F, No.38, Singuang Road, Ling Ya District, Kaohsing City, Taiwan
(R.O.C) |
Production Information
l Subject
is engaged in manufacturing of electronic components, etc.
l Subject
has factories in mainland China and Pingtung County, Taiwan for production.
l Subject
has obtained the certifications of ISO 9001, ISO 9002, ISO 14001, QS 9000, and
OHSAS 18001, etc.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C805030 |
Manufacturing of plastic daily necessities |
|
C805050 |
Manufacturing of industrial plastic products |
|
C805990 |
Manufacturing of other plastic products |
|
CC01030 |
Manufacturing of electrical equipment and
audio-visual electronic products |
|
CC01040 |
Manufacturing of lighting equipment |
|
CC01060 |
Manufacturing of wire communication machinery |
|
CC01110 |
Manufacturing of computer and office equipment |
|
CC01990 |
Manufacturing of other electrical machine and
electronic machinery |
|
CE01030 |
Manufacturing of optical instrument |
|
CQ01010 |
Manufacturing of mould |
|
F113020 |
Wholesale of electrical equipment |
|
F113070 |
Wholesale of telecommunications equipment |
|
F213010 |
Retail of electrical equipment |
|
F213060 |
Retail of telecommunications equipment |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The components for production are
mostly purchased in domestic market.
l Subject is engaged in sales of electronic components, etc.
l The major produces sold by subject include CPU cooler modules, blower
fans, DC axial-flow/blower fans and Ac axial-flow fans, etc.
l The fans sold by subject are applied to computer, DVD, and motor, etc.
l Subject has their own brand “ADDA”.
l Subject’s major customers include “HP”, “AIWA”, “SIEMENS”, “COMPAQ”,
“QUANTA”, “ACER”, “SONY”, “IBM”, “SAMSUNG”, “HITACHI”, “MICROSOFT” and “ASUS”,
etc.
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Components |
COD, CBD, etc |
100% |
Foreign Purchase
Subject has little
import.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Electronic
components |
COD, CBD, etc |
Export
|
Sales Terms |
Proportion |
|
|
Electronic
components |
CBD, etc |
100% |
|
|
2012-9-30 |
2011-9-30 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
420,854.00 |
492,716.00 |
|
Available-for-sale financial assets- current |
1,744.00 |
200.00 |
|
Notes receivable - net |
7,632.00 |
17,289.00 |
|
Accounts receivable - net |
547,203.00 |
776,322.00 |
|
Accounts receivable - related parties - net |
75,875.00 |
43,433.00 |
|
Other financial assets-current |
1,625.00 |
1,986.00 |
|
Inventories |
62,403.00 |
125,144.00 |
|
Other current assets |
27,181.00 |
118,911.00 |
|
Current assets |
1,144,517.00 |
1,576,001.00 |
|
Funds and Investments |
|
|
|
Financial assets measured at fair value through profit or loss - non
current |
3,058.00 |
3,058.00 |
|
Long-term equity investment under equity method |
1,309,316.00 |
1,367,894.00 |
|
Investments |
1,309,316.00 |
1,367,894.00 |
|
Accumulated impairment - investments |
-3,758.00 |
-3,758.00 |
|
Funds and investments |
1,308,616.00 |
1,367,194.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
44,652.00 |
44,652.00 |
|
Buildings and structures |
166,922.00 |
166,972.00 |
|
Machinery and equipment |
66,330.00 |
65,610.00 |
|
Transportation equipment |
4,770.00 |
4,770.00 |
|
Lease improvement |
1,559.00 |
1,559.00 |
|
Other facilities |
40,119.00 |
38,495.00 |
|
Cost of fixed assets |
324,352.00 |
322,058.00 |
|
Accumulated depreciation |
-146,637.00 |
-135,615.00 |
|
Accumulated impairment-fixed assets |
-12,950.00 |
-12,950.00 |
|
Construction in process and prepayment for equipments |
0.00 |
0.00 |
|
Fixed assets |
164,765.00 |
173,493.00 |
|
Intangible Assets |
|
|
|
Trademark right |
468.00 |
0.00 |
|
Computer software cost |
11,656.00 |
14,827.00 |
|
Intangible Assets |
12,124.00 |
14,827.00 |
|
Other Assets |
|
|
|
Guarantee deposits paid |
4,983.00 |
4,466.00 |
|
Long-term notes receivable and payment–related parties |
152,494.00 |
115,229.00 |
|
Deferred income tax assets-non current |
29,283.00 |
49,988.00 |
|
Other assets-other |
2,896.00 |
0.00 |
|
Other assets |
189,656.00 |
169,683.00 |
|
Assets |
2,819,678.00 |
3,301,198.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term borrowing |
46,865.00 |
119,873.00 |
|
Changes in the fair value of the financial liability on profit and
loss-flow |
0.00 |
6,635.00 |
|
Notes payable |
1,567.00 |
4,759.00 |
|
Accounts payable |
234,055.00 |
437,722.00 |
|
Accounts payable - related parties |
461,920.00 |
356,905.00 |
|
Income tax payable |
6,338.00 |
5,075.00 |
|
Accrued expenses |
39,664.00 |
71,600.00 |
|
Other payables |
23,759.00 |
15,517.00 |
|
Long-Term Liabilities -Current Portion |
0.00 |
222,002.00 |
|
Other current liabilities |
14,935.00 |
14,678.00 |
|
Current liabilities |
829,103.00 |
1,254,766.00 |
|
Long-term
Liabilities |
|
|
|
Bonds payable |
0.00 |
0.00 |
|
Long-term loan |
0.00 |
0.00 |
|
Long-term
liabilities |
0.00 |
0.00 |
|
Reserves |
|
|
|
Other Liabilities |
|
|
|
Pension reserve / accrued pension liability |
19,382.00 |
18,516.00 |
|
Guarantee deposits received |
62.00 |
62.00 |
|
Other liabilities |
19,444.00 |
18,578.00 |
|
Liabilities |
848,547.00 |
1,273,344.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
1,827,718.00 |
2,069,987.00 |
|
Capital Surplus |
|
|
|
Capital surplus–share premium |
19,438.00 |
19,072.00 |
|
Capital surplus–storage stock trading |
2,791.00 |
0.00 |
|
Capital surplus - subscription right |
0.00 |
562.00 |
|
Capital surplus |
22,229.00 |
19,634.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
7,878.00 |
0.00 |
|
Unappropriated retained earnings |
70,188.00 |
-139,938.00 |
|
Retained earnings |
78,066.00 |
-139,938.00 |
|
Stockholders' Equity and Other adjustment |
|
|
|
Cumulative translation adjustments |
43,118.00 |
78,171.00 |
|
Stockholders' equity and other adjustment |
43,118.00 |
78,171.00 |
|
Stockholders-equity |
1,971,131.00 (USD
67,018,454.00) |
2,027,854.00 (USD 68,947,036.00) |
|
Number of treasury stock acquired by the company and subsidiaries
(unit: share) |
0.00 |
0.00 |
|
Equivalent shares of outstandings of advance receipts for common stock
(Unit: share) |
0.00 |
0.00 |
(As of 2013.03, 1 NTD = 0.0340 USD)
Unit: NTD/000
|
|
2012-1-1~2012-9-30 |
2011-1-1~2011-9-30 |
|
Sales |
1,749,681.00 (USD 59,489,154.00) |
2,275,147.00 (USD 77,354,998.00) |
|
Sales returns |
2,512.00 |
15,310.00 |
|
Sales discounts |
7,090.00 |
4,886.00 |
|
Sales |
1,740,079.00 |
2,254,951.00 |
|
Operating income |
1,740,079.00 |
2,254,951.00 |
|
Operating costs |
1,462,917.00 |
1,922,198.00 |
|
Gross profit (loss) from operations |
277,162.00 |
332,753.00 |
|
Unrealized gains on intercompany transactions |
9,743.00 |
9,074.00 |
|
Realized gains on intercompany transactions |
9,571.00 |
5,312.00 |
|
Selling expense |
65,867.00 |
88,645.00 |
|
General and administrative expenses |
80,728.00 |
98,350.00 |
|
Research and development expenses |
73,014.00 |
88,874.00 |
|
Operating expenses |
219,609.00 |
275,869.00 |
|
Operating income (loss) |
57,381.00 |
53,122.00 |
|
Non-Operating Income |
|
|
|
Interest income |
940.00 |
466.00 |
|
Investment income |
0.00 |
60,014.00 |
|
Foreign exchange gains |
0.00 |
19,161.00 |
|
Rental income |
240.00 |
266.00 |
|
Valuation gain on financial assets |
1,512.00 |
0.00 |
|
Miscellaneous income |
17,945.00 |
2,657.00 |
|
Non-operating revenues and gains |
20,637.00 |
82,564.00 |
|
Non-Operating Expenses |
|
|
|
Interest expenses |
4,249.00 |
6,268.00 |
|
Investment losses |
6,142.00 |
0.00 |
|
Loss on disposal of fix assets |
11.00 |
264.00 |
|
Foreign exchange losses |
8,206.00 |
0.00 |
|
Impairment loss |
0.00 |
3,758.00 |
|
Valuation loss on financial assets |
0.00 |
17,300.00 |
|
Miscellaneous disbursements |
0.00 |
804.00 |
|
Non-operating expenses and losses |
18,608.00 |
28,394.00 |
|
Income from continuing operations before income tax |
59,410.00 |
107,292.00 |
|
Income tax expense (benefit) |
23,192.00 |
20,328.00 |
|
Income from continuing operations |
36,218.00 |
86,964.00 |
|
Net income (loss) |
36,218.00 (USD 1,231,412.00) |
86,964.00 (USD 2,956,776.00) |
|
Primary Earnings per Share |
|
|
|
Primary earnings per share |
0.19 |
0.47 |
|
Diluted earnings per share |
|
|
|
Diluted earnings per share |
0.00 |
0.44 |
(As of 2013.03, 1 NTD = 0.0340 USD)
Unit: NTD/000
|
|
2012-1-1~2012-9-30 |
2011-1-1~2011-9-30 |
|
Cash Flows from
Operating Activities - Indirect Method |
|
|
|
Net Income
(Loss) |
36,218 |
86,964 |
|
Adjustments to Reconcile
Net Income to Net Cash Provided by (Used in) Operating Activities |
|
|
|
Depreciation
Expense |
8,443 |
8,683 |
|
Selling Expense |
9,170 |
21,130 |
|
Provision for
Bad Debt |
-6,478 |
5,630 |
|
Bond Payable
Discount (Premium) Amortization |
360 |
1,607 |
|
Loss (Gain) on
Decline (Recovery) in Market Value, Scrap and Obsolescence of Inventories |
-32 |
-3,453 |
|
Investment Loss
(Income) Recognized under Equity Method |
6,142 |
-60,014 |
|
Loss (Gain) on
Disposal of Property, Plant and Equipment |
11 |
264 |
|
Impairment Loss
on Non-financial Assets |
0 |
3,758 |
|
Other
Adjustments to Reconcile Net Income |
0 |
-128 |
|
Changes in
Operating Assets and Liabilities |
|
|
|
Loss (Gain) on
Trading Financial Assets |
-1,512 |
10,665 |
|
Decrease (Increase)
in Notes Receivable |
3,516 |
233 |
|
Decrease
(Increase) in Accounts Receivable |
210,881 |
-98,605 |
|
Decrease
(Increase) in Accounts Receivable - Related Parties |
-43,748 |
-15,544 |
|
Decrease
(Increase) in Inventories |
51,825 |
18,030 |
|
Decrease
(Increase) in Other Current Assets |
-7,340 |
3,172 |
|
Decrease
(Increase) in Other Financial Assets |
-12 |
1,332 |
|
Decrease
(Increase) in Deferred Income Tax Assets |
16,333 |
12,212 |
|
Decrease
(Increase) in Trading Financial Liabilities |
0 |
6,635 |
|
Increase
(Decrease) in Notes Payable |
-2,156 |
1,669 |
|
Increase
(Decrease) in Accounts Payable |
-112,664 |
6,381 |
|
Increase
(Decrease) in Accounts Payable - Related Parties |
82,140 |
80,115 |
|
Increase
(Decrease) in Income Tax Payable |
-2,714 |
-12,024 |
|
Increase
(Decrease) in Accrued Expenses |
-38,613 |
-12,004 |
|
Increase
(Decrease) in Other Accrued Expenses |
7,985 |
-690 |
|
Increase
(Decrease) in Other Current Liabilities |
-5,358 |
1,049 |
|
Increase (Decrease)
in Accrued Pension Liabilities |
683 |
521 |
|
Increase
(Decrease) in Deferred Credit |
172 |
3,762 |
|
Net Cash
Provided by (Used in) Operating Activities |
213,252 |
71,350 |
|
Cash Flows from
Investing Activities |
|
|
|
Increase in Long-term
Investments at Equity |
-19,710 |
-244,904 |
|
Purchase of
Property, Plant and Equipment |
-1,888 |
-2,682 |
|
Decrease
(Increase) in Refundable Deposits |
-687 |
309 |
|
Other
Receivables - Decrease (Increase) in Related Parties |
-8,298 |
196,591 |
|
Increase
(Decrease) in Restricted Assets |
90,072 |
-8,099 |
|
Purchase of
Intangible Assets |
-565 |
-9,128 |
|
Increase
(Decrease) in Other Assets |
0 |
460 |
|
Net Cash
Provided by (Used in) Investing Activities |
58,924 |
-67,453 |
|
Cash Flows from Financing
Activities |
|
|
|
Increase
(Decrease) in Short-term Loans |
-20,263 |
51,324 |
|
Bonds Redeemed |
-222,900 |
0 |
|
Long-term
Borrowing Redeemed |
-72,660 |
-66,933 |
|
Increase
(Decrease) in Guarantee Deposits Received |
0 |
62 |
|
Cash Dividends Paid |
-36,924 |
0 |
|
Cost of Treasury
Stock |
-15,855 |
0 |
|
Net Cash
Provided by (Used in) Financing Activities |
-368,602 |
-15,547 |
|
Exchange
Influence |
0 |
0 |
|
Net Increase
(Decrease) in Cash and Cash Equivalents |
-96,426 |
-11,650 |
|
Cash and Cash
Equivalents, Beginning of year |
517,280 |
504,366 |
|
Cash and Cash
Equivalents, End of year |
420,854 |
492,716 |
|
Supplemental
Cash Flow Information |
|
|
|
Interest Paid -
Excluding Capitalized Interest |
10,558 |
3,711 |
|
Income Tax Paid |
9,573 |
19,883 |
|
Non-cash
Investing and Financing Activities |
|
|
|
Long-Term
Liabilities -Current Portion |
0 |
222,002 |
|
Corporate Bonds
Transfer Common Share |
0 |
495 |
|
Cumulative
Translation Adjustment |
-41,040 |
89,805 |
|
Shareholders'
Equity Transfer Capital Surplus |
-12 |
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 |
Ms. Guo |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
|
|
1 |
Rs.82.55 |
|
Euro |
1 |
Rs.70.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.