|
Report Date : |
06.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
FROCH ENTERPRISE CO., LTD |
|
|
|
|
Registered Office : |
No.122, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
05.10.1984 |
|
|
|
|
Com. Reg. No.: |
60330130 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture and sales of stainless steel
tube and pipe |
|
|
|
|
No. of Employees : |
About 580 Employees. ( |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Source
: CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
|
|
Supplied Address: |
|
|
Telephone Number: |
|
|
Fax Number: |
+886 5-5571-339 |
|
E-mail: |
|
Registered Name: |
FROCH ENTERPRISE CO., LTD |
|
Registered Address: |
No.122, Industrial Road, Tou-Liu City,
Yun-Lin 640, Taiwan |
|
Date of Foundation: |
|
|
Registration Number: |
60330130 |
|
Registry: |
Department of Commerce, Ministry
of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD
3,000,000,000 (USD 101,188,000) (As of 2013.10, 1 NTD = 0.03373USD) |
|
Paid-up Capital: |
NTD 2,728,819,310 (USD 92,040,900) |
|
Legal Representatives: |
Bingyao Zhang |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on
Subject was listed on Taiwan Stock Exchange on
|
Former English Name |
Jaung Yuann Enterprise Co., Ltd. |
|
Current English Name |
Froch Enterprise Co., Ltd |
|
Name |
Subscription Shares |
|
Bingyao Zhang |
16,708,351 |
|
Xinjie Investment Co., Ltd (Literal
Translation) |
|
|
26,856,816 |
|
|
Zongjie Lin |
6,890,679 |
|
Zhaojun Lin |
1,037,346 |
|
Yizheng Shi |
1,150,715 |
|
Rongjian Lian |
255,493 |
|
Muchuan Xu |
250,759 |
|
Xiumiao Li |
7,987,601 |
|
Yintang Wang |
107,500 |
The information above is that of subject’s major shareholders.
Related Company
|
Registered Name: |
Xinjie Investment Co., Ltd (Literal Translation) |
|
Registered Address: |
2F, No. 6, 71 Lane, 177 Alley, 2 Sec, Yuanji
Road, Yuanli Town, Zhanghua County |
|
Date of Foundation: |
2002-3-6 |
|
Registration Number: |
13037796 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
NTD 25,000,000 (USD 843,250) (As of 2013.10, 1 NTD = 0.03373USD) |
|
Paid-up Capital: |
NTD 25,000,000 (USD 843,250) |
|
Legal Representatives: |
Jiaqi Fan |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2011-10-11 |
Sales offices
|
1 |
|
|
Address: |
No.56, Zhonggang West Road, Fengshu Village, Taishan Township, Taipei
County |
|
Tel: |
+886-2-22965973 |
|
Fax: |
+886-2-22966405 |
|
2 |
|
|
Address: |
No.431, Dazhong No.1 Road, Zuoying District, Kaoshiung, Taiwan |
|
Tel: |
+886-7-3462270 |
|
Fax: |
+886-7-3415257 |
|
3 |
|
|
Address: |
No.8, Baodao Road, Jingang Town, Zhangjiagang City, Jiangsu Province,
China |
|
Tel: |
+86-512-58386668 |
|
Fax: |
+86-512-58386668 |
|
4 |
|
|
Address: |
No.7768, Zhongchun Road, Minxing District, Shanghai, China |
|
Tel: |
+86-21-54854421 |
|
Fax: |
+86-21-64595793 |
|
5 |
|
|
Address: |
Ja 1, Wuji Road, Zhaoyang District, Beijing, China |
|
Tel: |
+86-10-67376474 |
Factories
|
1 |
|
|
Address: |
No. 133, Gongye Road, Liuzhong Lane, Douliu City, Yunlin County |
|
Date of Registration: |
2013-9-13 |
|
Factory Registration Number: |
09000356 |
|
Factory Manager: |
Bingyao Zhang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-9-13 |
|
2 |
|
|
Address: |
No. 18-5, Zhongyang Lane, Zhongyang Litian, Yuanlin Town, Zhanghua
County |
|
Date of Foundation: |
1998-7-13 |
|
Date of Registration: |
1999-11-16 |
|
Factory Registration Number: |
99645789 |
|
Factory Manager: |
Bingyao Zhang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2007-6-29 |
|
3 |
|
|
Address: |
No. 122, Industrial Road, Liuzhong Alley, Douliu City, Yunlin County |
|
Date of Foundation: |
1984-11-20 |
|
Date of Registration: |
1986-1-28 |
|
Factory Registration Number: |
99653213 |
|
Factory Manager: |
Bingyao Zhang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2001-11-23 |
|
4 |
|
|
Address: |
No. 35, Minyou Street, Liuzhong Alley, Douliu City, Yunlin County |
|
Date of Foundation: |
1992-6-4 |
|
Date of Registration: |
1996-3-26 |
|
Factory Registration Number: |
99653216 |
|
Factory Manager: |
Bingyao Zhang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2001-11-27 |
|
5 |
|
|
Address: |
No. 98, Industrial Road, Liuzhong Alley, Douliu City, Yunlin County |
|
Date of Registration: |
2008-5-2 |
|
Factory Registration Number: |
99709437 |
|
Factory Manager: |
Bingyao Zhang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2010-5-17 |
|
6 |
|
|
Address: |
No. 19, Minle Street, Liuzhong Alley, Douliu City, Yunlin County |
|
Date of Registration: |
2008-5-2 |
|
Factory Registration Number: |
99709438 |
|
Factory Manager: |
Bingyao Zhang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2008-5-2 |
Core Management
Directors
|
1 |
|
|
Name |
Bingyao Zhang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Xinjie Investment Co., Ltd (Literal Translation) |
|
Position |
Director |
|
3 |
|
|
Name |
Zongjie Lin |
|
Position |
Director |
|
4 |
|
|
Name |
Zhaojun Lin |
|
Position |
Director |
|
5 |
|
|
Name |
Yizheng Shi |
|
Position |
Director |
|
6 |
|
|
Name |
Rongjian Lian |
|
Position |
Director |
|
7 |
|
|
Name |
Muchuan Xu |
|
Position |
Director |
|
8 |
|
|
Name |
Xiumiao Li |
|
Position |
Supervisor |
|
9 |
|
|
Name |
Shuzhen Qiu |
|
Position |
Supervisor |
|
10 |
|
|
Name |
Yintang Wang |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 580 Employees. (Taiwan) |
Offices & Factories
|
|
Headquarters |
|
Add |
Production
Information
Subject is engaged in manufacture of stainless steel tube and pipe, etc.
Subject has 6 factories in Taiwan for production.
Subject obtained the certification of ISO9001, ISO-14001.
It is introduced subject’s annual production capacity is about 120,000
MT.
Purchase
Information
The registered activities of subject:
|
1 |
All kinds of stainless steel pipe, steel pipe, copper tube, aluminum
tube manufacturing business to sell the business |
|
2 |
Steel, copper, aluminum, stainless steel coil plate rolling processing
business |
|
3 |
Stainless steel handrails, doors and Windows, railings, iron bed,
shelves and other products manufacturing processing business |
|
4 |
Food and chemical industry, rubber, plastic, papermaking, cement,
ceramic and other mechanical equipment manufacture and repair engineering
business |
|
5 |
General import and export trade business (Except for the futures) |
The components and raw material for production are mostly purchased in domestic markets.
The subject is engaged in sales of stainless steel tube and pipe, etc.
The major products sold by subject include stainless steel pie, large
diameter stainless steel pipe, stainless steel mechanical tube, stainless steel
equal-leg angle bar, stainless steel tube for boiler and heat-exchanger, light
gauge stainless steel tube for general service, stainless steel square, and
rectangular tube, stainless steel sanitary tube, stainless steel inside
polished pipe, stainless steel coated pipe, stainless steel sheet, plate, and
coil, etc.
The product sold by subject has a range of
0.25 inch ~ 80 inch in outside diameter and 0.5mm ~ 30.0 mm in wall thickness,
etc.
The products are applied in chemical, petrochemical, automobile,
furniture, construction, and bio-tech industries, etc.
Subject’s products are both sold in domestic and overseas market,
subject mainly exports to Europe and America, etc
Purchase
Domestic Purchase (Taiwan)
|
Terms |
Proportion |
|
|
Components and raw material |
Cash, T/T, etc |
100% |
Foreign Purchase
Subject seldom imports.
Domestic Markets
|
Terms |
Proportion |
|
|
Steel pipe, etc |
T/T, Cash, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Steel pipe, etc |
L/C, etc |
100% |
Unit: NTD/000
|
|
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
500,914.00 |
550,092.00 |
|
Available-for-sale financial assets - current |
6,440.00 |
122,787.00 |
|
Notes receivable - net |
110,802.00 |
123,216.00 |
|
Accounts receivable - net |
719,639.00 |
717,114.00 |
|
Accounts receivable - related parties - net |
12,395.00 |
175,695.00 |
|
Other receivables |
79,019.00 |
161,153.00 |
|
Inventories |
3,413,770.00 |
5,106,079.00 |
|
Other prepayments |
11,760.00 |
90,927.00 |
|
Other current assets |
91,025.00 |
120,954.00 |
|
Current assets |
4,945,764.00 |
7,168,017.00 |
|
Funds and Investments |
|
|
|
Equity investments under equity method |
1,919,359.00 |
1,886,489.00 |
|
Investments |
1,919,359.00 |
1,886,489.00 |
|
Funds and long-term investments |
1,919,359.00 |
1,886,489.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
763,341.00 |
763,341.00 |
|
Buildings and structures |
679,417.00 |
679,417.00 |
|
Machinery and equipment |
1,891,373.00 |
1,696,846.00 |
|
Transportation equipment |
61,278.00 |
56,578.00 |
|
Leasehold improvements |
169,411.00 |
169,411.00 |
|
Other facilities |
275,390.00 |
243,443.00 |
|
Revaluation increment |
197,971.00 |
197,971.00 |
|
Cost and revaluation increment |
4,038,181.00 |
3,807,007.00 |
|
Accumulated depreciation |
-1,381,038.00 |
-1,198,454.00 |
|
Construction in process and prepayment for equipments |
111,303.00 |
168,864.00 |
|
Fixed assets |
2,768,446.00 |
2,777,417.00 |
|
Intangible Assets |
|
|
|
Deferred pension cost |
931.00 |
1,862.00 |
|
Intangible assets |
931.00 |
1,862.00 |
|
OtherAssets |
|
|
|
Guarantee deposits paid |
11,006.00 |
14,006.00 |
|
Deferred charges |
509.00 |
626.00 |
|
Deferred income tax assets - non current |
90,655.00 |
2,304.00 |
|
Other assets - other |
15,542.00 |
15,542.00 |
|
Other assets |
117,712.00 |
32,478.00 |
|
Assets |
9,752,212.00 |
11,866,263.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term borrowings |
2,320,630.00 |
3,286,275.00 |
|
Short-term notes and bills payable |
200,000.00 |
100,000.00 |
|
Financial liabilities measured at fair value through profit or loss -
current |
555.00 |
0.00 |
|
Notes payable |
36,873.00 |
45,536.00 |
|
Accounts payable |
48,616.00 |
77,704.00 |
|
Accrued expenses |
145,538.00 |
151,787.00 |
|
Advance receipts |
46,557.00 |
75,171.00 |
|
Long-term liabilities - current portion |
712,531.00 |
447,485.00 |
|
Other current liabilities |
13,154.00 |
10,546.00 |
|
Current liabilities |
3,524,454.00 |
4,194,504.00 |
|
Long term Liabilities |
|
|
|
Long-term borrowings |
3,163,941.00 |
4,038,693.00 |
|
Long-term liabilities |
3,163,941.00 |
4,038,693.00 |
|
Reserves |
|
|
|
Reserve for land revaluation increment tax |
45,775.00 |
45,775.00 |
|
Reserves |
45,775.00 |
45,775.00 |
|
Other Liabilities |
|
|
|
Pension reserve / accrued pension liability |
83,358.00 |
83,723.00 |
|
Other liabilities |
83,358.00 |
83,723.00 |
|
Liabilities |
6,817,528.00 |
8,362,695.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
2,728,819.00 |
2,728,819.00 |
|
Capital Surplus |
|
|
|
Capital surplus - additional paid-in capital |
443,263.00 |
443,263.00 |
|
Capital surplus |
443,263.00 |
443,263.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
121,142.00 |
321,142.00 |
|
Special reserve |
16,566.00 |
16,566.00 |
|
Unappropriated retained earnings |
-478,303.00 |
-320,387.00 |
|
Retained earnings |
-340,595.00 |
17,321.00 |
|
Stockholders' Equity and Other adjustmen |
|
|
|
Cumulative translation adjustments |
122,989.00 |
197,067.00 |
|
Net loss not recognized as pension cost |
-7,105.00 |
-9,105.00 |
|
Unrealized gains (losses) on financial instruments |
-560.00 |
-13,333.00 |
|
Unrealized Revaluation Increment |
152,196.00 |
152,196.00 |
|
Treasure stock |
-164,323.00 |
-12,660.00 |
|
Equity adjustments |
103,197.00 |
314,165.00 |
|
Stockholdersˉ equity |
2,934,684.00 (USD 99,485,787.60) |
3,503,568.00 (USD 118,770,955.20) |
|
Number of treasury stock acquired by the company and subsidiaries
(unit: share) |
15,774.00 |
1,238.00 |
|
|
0.00 |
0.00 |
(As
of 2013.10, 1 NTD = 0.03373 USD)
Unit: NTD/000
|
|
2012 |
2011 |
|
Sales |
12,423,687.00 (USD 421,162,989.30) |
15,183,935.00 (USD 514,735,396.50) |
|
Sales returns |
13,145.00 |
22,085.00 |
|
Sales discounts and allowances |
1,201.00 |
1,390.00 |
|
Sales |
12,409,341.00 |
15,160,460.00 |
|
Operating income |
12,409,341.00 |
15,160,460.00 |
|
Operating costs |
12,135,201.00 |
14,661,639.00 |
|
Gross profit (loss) from operations |
274,140.00 |
498,821.00 |
|
Selling expense |
523,461.00 |
521,252.00 |
|
General and administrative expenses |
144,434.00 |
193,279.00 |
|
Operating expenses |
667,895.00 |
714,531.00 |
|
Operating income (loss) |
-393,755.00 |
-215,710.00 |
|
Non-Operating Income |
|
|
|
Interest income |
426.00 |
1,752.00 |
|
Investment income |
106,948.00 |
46,333.00 |
|
Gains on sale of investments |
3,881.00 |
7,129.00 |
|
Foreign exchange gains |
17,110.00 |
24,331.00 |
|
Miscellaneous income |
3,030.00 |
4,574.00 |
|
Non-operating revenues and gains |
131,395.00 |
84,119.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
146,847.00 |
162,523.00 |
|
Impairment loss on assets |
0.00 |
26,739.00 |
|
Miscellaneous disbursements |
634.00 |
424.00 |
|
Non-operating expenses and losses |
147,481.00 |
189,686.00 |
|
Income from continuing operations before income tax |
-409,841.00 |
-321,277.00 |
|
Income tax expense (benefit) |
-51,925.00 |
-54,463.00 |
|
Income from continuing operations |
-357,916.00 |
-266,814.00 |
|
Net income (loss) |
-357,916.00 (USD -12,133,352.40) |
-266,814.00 (USD -9,044,994.60) |
|
Primary Earnings per Share |
|
|
|
Primary earnings per share |
-1.35 |
-0.98 |
|
Diluted earnings per share |
|
|
(As
of 2013.10, 1 NTD = 0.03373 USD)
Unit: NTD/000
|
|
2012 |
2011 |
|
Cash Flows from Operating Activities - Indirect Method |
|
|
|
Net Income (Loss) |
-357,916.00 |
-266,814.00 |
|
Adjustments to Reconcile Net Income to Net Cash Provided by
(Used in) Operating Activities |
|
|
|
Depreciation Expense |
182,746.00 |
160,849.00 |
|
Amortization Expense |
218.00 |
251.00 |
|
Difference Between Net Pension Cost and Plan
Contribution |
2,566.00 |
1,675.00 |
|
Loss (Gain) on Decline (Recovery) in Market Value,
Scrap and Obsolescence of Inventories |
746.00 |
196,153.00 |
|
Investment Loss (Income) Recognized under Equity Method |
-106,948.00 |
-46,333.00 |
|
Loss (Gain) on Disposal of Property, Plan and
Equipment |
79.00 |
418.00 |
|
Loss (Gain) on Disposal of Investments |
-3,881.00 |
-7,129.00 |
|
Loss (Gain) on Deferred Income Tax |
-51,944.00 |
-55,285.00 |
|
Other Adjustments to Reconcile Net Income |
0.00 |
26,739.00 |
|
Changes in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Financial Assets Held
for Trading |
555.00 |
0.00 |
|
Decrease (Increase) in Notes Receivable |
12,414.00 |
-32,129.00 |
|
Decrease (Increase) in Accounts Receivable |
160,775.00 |
-203,030.00 |
|
Decrease (Increase) in Other Receivables |
82,134.00 |
-17,397.00 |
|
Decrease (Increase) in Inventories |
1,691,563.00 |
-775,674.00 |
|
Decrease (Increase) in Other Prepayments |
79,167.00 |
125,929.00 |
|
Decrease (Increase) in Other Current Assets |
-6,478.00 |
13,049.00 |
|
Increase (Decrease) in Notes Payable |
-8,663.00 |
11,310.00 |
|
Increase (Decrease) in Accounts Payable |
-29,088.00 |
23,403.00 |
|
Increase (Decrease) in Accrued Expenses |
-6,249.00 |
9,054.00 |
|
Increase (Decrease) in Receipts in Advance |
-28,614.00 |
-12,717.00 |
|
Increase (Decrease) in Other Current
Liabilities |
686.00 |
120.00 |
|
Net Cash Provided by (Used in) Operating Activities |
1,613,868.00 |
-847,558.00 |
|
Cash Flows from Investing Activities |
|
|
|
Acquisition of Available-for-sale Financial Assets |
-11,000.00 |
-62,024.00 |
|
Proceeds from Disposal of Available-for-sale Financial Assets |
144,001.00 |
21,474.00 |
|
Acquisition of Investments Accounted for by Equity Method |
0.00 |
-432,468.00 |
|
Purchase of Property, Plant and Equipment |
-162,472.00 |
-619,889.00 |
|
Proceeds from Disposal of Property, Plant and Equipment |
9.00 |
340.00 |
|
Decrease (Increase) in Refundable Deposits |
3,000.00 |
-3,000.00 |
|
Increase in Deferred Charges |
-101.00 |
0.00 |
|
Decrease (Increase) in Other Receivables - Related Parties |
0.00 |
218,475.00 |
|
Net Cash Provided by (Used in) Investing Activities |
-26,563.00 |
-877,092.00 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
-965,645.00 |
538,851.00 |
|
Increase (Decrease) in Short-term Notes and Bills Payable |
100,000.00 |
0.00 |
|
Proceeds from Long-term Debt |
200,000.00 |
1,700,000.00 |
|
Repayment of Long-term Debt |
-809,706.00 |
-682,508.00 |
|
Other Financing Activities |
-161,132.00 |
-40,622.00 |
|
Net Cash Provided by (Used in) Financing Activities |
-1,636,483.00 |
1,515,721.00 |
|
Net Increase (Decrease) in Cash and Cash Equivalents |
-49,178.00 |
-208,929.00 |
|
Cash and Cash Equivalents, Beginning of year |
550,092.00 |
759,021.00 |
|
Cash and Cash Equivalents, End of year |
500,914.00 |
550,092.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
154,822.00 |
159,085.00 |
|
Interest Paid- Excluding Capitalized Interest |
154,822.00 |
159,085.00 |
|
Income Tax Paid |
16.00 |
798.00 |
|
Non-cash Investing and Financing Activities |
|
|
|
Current Portion of Long-term Liabilities |
712,531.00 |
447,485.00 |
|
Investing Activities Affecting Both Cash and Non-cash Items |
|
|
|
Cash Paid for Acquisition of Property, Plant and Equipment |
|
|
|
Increase in Property, Plant and Equipment |
173,863.00 |
629,358.00 |
|
Increase (Decrease) in Payable for Equipment
Purchased |
-11,391.00 |
-9,469.00 |
|
Cash Paid for Acquisition of Property, Plant and
Equipment |
162,472.00 |
619,889.00 |
Subject declined to disclose its bank details
stating that it is the confidential information of subject, from other source,
we can not obtain it, either.
Mortgage
|
1 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
032336 |
|
Debtor Name: |
Froch Enterprise Co., Ltd |
|
Document Number: |
299107 |
|
Date of Registration: |
1988/11/19 |
|
Date of Alteration: |
1988/11/19 |
|
Status: |
Pay Off |
|
2 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
040027 |
|
Debtor Name: |
Froch Enterprise Co., Ltd |
|
Document Number: |
109116 |
|
Date of Registration: |
1992/6/8 |
|
Date of Alteration: |
1992/6/8 |
|
Status: |
Pay Off |
|
3 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
047483 |
|
Debtor Name: |
Froch Enterprise Co., Ltd |
|
Document Number: |
242414 |
|
Date of Registration: |
1995/3/27 |
|
Status: |
Pay Off |
|
4 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
051274 |
|
Debtor Name: |
Froch Enterprise Co., Ltd |
|
Document Number: |
469883 |
|
Date of Registration: |
1996/6/26 |
|
Status: |
Pay Off |
|
5 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
052782 |
|
Debtor Name: |
Froch Enterprise Co., Ltd |
|
Document Number: |
475231 |
|
Date of Registration: |
1996/12/23 |
|
Status: |
Pay Off |
|
6 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
076288 |
|
Debtor Name: |
Froch Enterprise Co., Ltd |
|
Document Number: |
09205126260 |
|
Date of Registration: |
2003/6/20 |
|
Date of Alteration: |
2003/12/24 |
|
Status: |
Pay Off |
|
7 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
082957 |
|
Debtor Name: |
Froch Enterprise Co., Ltd |
|
Document Number: |
09405090230 |
|
Date of Registration: |
2005/3/24 |
|
Date of Alteration: |
2006/12/26 |
|
Status: |
Pay Off |
|
8 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
098064 |
|
Debtor Name: |
Froch Enterprise Co., Ltd |
|
Document Number: |
09830472150 |
|
Date of Registration: |
2009/8/31 |
|
Status: |
Pay Off |
|
9 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
100549 |
|
Debtor Name: |
Froch Enterprise Co., Ltd |
|
Document Number: |
09930312530 |
|
Date of Registration: |
2010/6/30 |
|
Status: |
Pay Off |
|
10 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
107613 |
|
Debtor Name: |
Froch Enterprise Co., Ltd |
|
Document Number: |
10231319330 |
|
Date of Registration: |
2013/4/15 |
|
Status: |
-- |
Lawsuit
Up to date of reporting, no existing or latent
litigation of the subject has been found.
|
Name |
Ms. Li |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.79 |
|
|
1 |
Rs.98.66 |
|
Euro |
1 |
Rs.83.42 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.