|
Report Date : |
11.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
FLAVOR FULL FOODS INC. |
|
|
|
|
Registered Office : |
No.53, Wu Chuan Rd., Wugu Dist., New Taipei
City 248 (R.O.C.) |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
08.11.1983 |
|
|
|
|
Com. Reg. No.: |
12467902 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer and trader of food |
|
|
|
|
No of Employees : |
About 195 |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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.53, Wu Chuan Rd., Wugu Dist., New Taipei
City 248, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2298-1539 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as above.
Subject was incorporated
on 1983-11-8 with registered number 12467902
as Joint Stock Company in
Taiwan.
Subject listed on Taiwan stock exchange on
2012-11-26.
|
Name |
Subscription
Shares |
|
Hongmao Investment Co., Limited (Liberal
Translation) |
10,053,399 |
|
Ruiyu Investment Co., Limited (Liberal
Translation) |
6,526,160 |
|
Quanjing Investment Co., Limited (Liberal
Translation) |
1,339,242 |
|
Junyan Cai |
7,625 |
|
Tianding Wang |
1,746,307 |
The information above is that of subject’s major shareholders.
Shareholder Information:
|
1 |
|
|
Registered Name: |
Hongmao
Investment Co., Limited (Liberal Translation) |
|
Registered Address: |
4F., No.53, Wugu Dist., New Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
2001-12-3 |
|
Registration Number: |
12963661 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
NTD 5,000,000 (USD 1565,500) (As of 2014.2, 1 NTD = 0.0331 USD) |
|
Legal Representatives: |
Xiumei Hong |
|
Legal Form: |
Private Limited Liability Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2009-11-25 |
|
2 |
|
|
Registered Name: |
Ruiyu Investment
Co., Limited (Liberal Translation) |
|
Registered Address: |
No.36, Minzhi St., Erlin Township, Changhua County, Taiwan (R.O.C.) |
|
Date of Foundation: |
2001-11-22 |
|
Registration Number: |
12981078 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
NTD 5,000,000 (USD 1565,500) (As of 2014.2, 1 NTD = 0.0331
USD) |
|
Legal Representatives: |
Shuzi Zhou |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2008-7-21 |
|
3 |
|
|
Registered Name: |
Quanjing Investment
Co., Limited (Liberal Translation) |
|
Registered Address: |
No.53, Fangyuan Township, Changhua County, Taiwan (R.O.C.) |
|
Date of Foundation: |
2008-6-23 |
|
Registration Number: |
29116043 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 5,000,000 (USD 1565,500) (As of 2014.2, 1 NTD = 0.0331
USD) |
|
Paid-up Capital: |
NTD 5,000,000 (USD 1565,500) |
|
Legal Representatives: |
Ximing Chen |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
-- |
|
Address: |
No.73, Fangyuan
Township, Changhua County, Taiwan (R.O.C.) |
|
Date of Foundation: |
1986-4-30 |
|
Date of Registration: |
1987-7-7 |
|
Factory Registration Number: |
99646837 |
|
Factory Manager: |
Wenan Chen |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2009-12-11 |
|
Major Products: |
083 Processing and
preservation of vegetables fruits and their products. 089 Other food. 084 Edible oil
and fat. |
|
Tel |
+886-4-898-3226 |
Branch
Companies
|
Name |
Changhua Branch |
|
Registration
Number |
70821727 |
|
Registered
Address: |
No.73, Fangyuan Township,
Changhua County, Taiwan (R.O.C.) |
|
Date of
Registration |
2001-10-29 |
|
Manager Name |
Ruili Chen |
|
Date of Last
Annual Return |
-- |
Related Companies
|
1 |
|
|
Name |
Foreway Biotech
In |
|
Address |
No.53, Wu Chuan Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
|
Telephone Number |
+886-2-2298-1539 |
|
2 |
|
|
Name |
Flavor Full (Shanghai) Oil and Foods Co.,
Ltd |
|
Address |
No. 936,
Fengliang Road, Shanghai City, The Mainland of China |
|
Telephone Number |
+86-21-5430-0561 |
Offices
|
1 |
|
|
Name |
Taichung Office |
|
Address |
No.309-10, Sec 1, Da Feng Road, Tanzi District, Taichung City, Taiwan (R.O.C.) |
|
Telephone Number |
+886-4-2534-5319 |
|
2 |
|
|
Name |
Kaohsiung Office |
|
Address |
No.101-1,Dajing 2nd Road, Renwu
District, 814,Kaohsiung
City, Taiwan (R.O.C.) |
|
Telephone Number |
+886-7-373-7699 |
Core Management
Directors
|
1 |
|
|
Name |
Wenan Chen |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Ruili Chen |
|
Position |
Director |
|
3 |
|
|
Name |
Ximing Chen |
|
Position |
Director |
|
4 |
|
|
Name |
Hongzhang |
|
Position |
Director |
|
5 |
|
|
Name |
Minzhang Hong |
|
Position |
Director |
|
6 |
|
|
Name |
Qingshui Wang |
|
Position |
Independent Director |
|
7 |
|
|
Name |
Junyan Cai |
|
Position |
Independent
Director |
|
8 |
|
|
Name |
Tianding Wang |
|
Position |
Supervisor |
|
9 |
|
|
Name |
Yimin Lin |
|
Position |
Supervisor |
|
Total Employees |
About 195 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.53, Wu Chuan Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
Production Information
l
Subject is a manufacturer of food and etc.
l
It is introduced that subject has a factory in
Taiwan for production.
l
It is introduced that subject has obtained GMP, ISO
9001, HACCP, ISO 22000:2005 and etc certifications.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C103050 |
Manufacturing of cans, frozen food, dehydrated
food and pickled food. |
|
C105010 |
Manufacturing of edible oil and fat. |
|
C106010 |
Manufacturing of flour. |
|
C109010 |
Manufacturing of condiment. |
|
C110010 |
Manufacturing of drinks. |
|
C199040 |
Manufacturing of beans processed foods. |
|
C199990 |
Manufacturing of unclassified other food. |
|
F102020 |
Wholesales of edible oil and fat. |
|
F102170 |
Wholesales of food and miscellaneous goods. |
|
F203010 |
Wholesales of food, drinks and miscellaneous
goods. |
|
F401010 |
International trading business. |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
It is introduced that subject purchases its raw
materials and etc both at home and abroad.
l The subject is mainly engaged in sales of food and etc.
l It is introduced that subject’s selling territory is covering Asia, Europe, America and etc.
l It is introduced that subject’s major customers are food processing industry, supermarkets and etc.
l It is introduced that subject has owned brand named “FOREWAY”.
Major Products
|
Product |
Sales Region |
|
Sesame Oil |
Pure Sesame Oil Pure Black Sesame Oil Blended Sesame Oil Cold Pressed Sesame Oil Hot Sesame Oil |
|
Sesame Sauce |
White Sesame Sauce Black Sesame Sauce Supreme Mesh Sesame Sauce Black Sesame Spread |
|
Sesame Seeds |
Sesame Seeds Flavored Sesame Seeds |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase (Taiwan and
Mainland, China)
|
Payment Terms |
Proportion |
|
|
Raw materials
and etc |
COD, CBD and etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials
and etc |
CBD and etc |
100% |
Sales
Domestic
Markets
|
Sales
Terms |
Proportion |
|
|
Food and
etc. |
COD, CBD and etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Food and etc. |
COD, CBD and etc |
100% |
Unit: NTD/000
|
Date |
2012-3-31 |
2011-12-31 |
|
Asset |
|
|
|
Current
Assets |
|
|
|
Cash
and cash equivalents |
156,497.00 |
45,857.00 |
|
Changes
in the fair value of the financial asset -flow |
0.00 |
1,383.00 |
|
Notes
receivable - net |
64,173.00 |
57,328.00 |
|
Accounts
receivable - net |
159,599.00 |
160,932.00 |
|
Accounts
receivable - related parties - net |
63,382.00 |
22,595.00 |
|
Other
receivables |
1,975.00 |
10,065.00 |
|
Other receivables - related parties |
27,258.00 |
3,651.00 |
|
Other
financial assets- current |
8,833.00 |
0.00 |
|
Inventories |
497,016.00 |
490,730.00 |
|
Prepayments |
110,978.00 |
17,663.00 |
|
Other
current assets |
1,236.00 |
2,907.00 |
|
Current
assets |
1,090,947.00 |
813,111.00 |
|
Funds
and Investments |
|
|
|
Available-for-sale
financial assets - non current |
170,925.00 |
230,119.00 |
|
Equity
investments under equity method |
298,852.00 |
243,044.00 |
|
Investments |
298,852.00 |
243,044.00 |
|
Other
financial assets- non-current |
500.00 |
500.00 |
|
Funds
and Investments |
470,277.00 |
473,663.00 |
|
Fixed
Assets |
|
|
|
Cost |
|
|
|
Land |
67,449.00 |
67,449.00 |
|
Buildings
and structures |
188,613.00 |
179,956.00 |
|
Machinery
and equipment |
121,897.00 |
143,972.00 |
|
Transportation
equipment |
19,592.00 |
20,931.00 |
|
Office
facilities |
21,178.00 |
34,626.00 |
|
Other
facilities |
13,389.00 |
12,851.00 |
|
Total
cost of fixed asset |
432,118.00 |
459,785.00 |
|
Accumulated
depreciation |
-146,801.00 |
-173,162.00 |
|
Construction
in process and prepayment for equipments |
6,469.00 |
3,025.00 |
|
Net
fixed asset |
291,786.00 |
289,648.00 |
|
Intangible
Assets |
|
|
|
Other
Assets |
|
|
|
Guarantee
deposits paid |
243.00 |
744.00 |
|
Deferred
charges |
15,257.00 |
7,040.00 |
|
Other
assets |
15,500.00 |
7,784.00 |
|
Assets |
1,868,510.00 |
1,584,206.00 |
|
Liabilities
and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current
Liabilities |
|
|
|
Short-term
borrowing |
408,222.00 |
360,645.00 |
|
Changes
in the fair value of the financial liability on profit and loss-flow |
175.00 |
0.00 |
|
Notes
payable |
17,161.00 |
11,622.00 |
|
Accounts
payable |
64,805.00 |
64,685.00 |
|
Accounts
payable - related parties |
18,761.00 |
15,089.00 |
|
Income
tax payable |
18,167.00 |
15,924.00 |
|
Accrued
expenses |
59,492.00 |
77,226.00 |
|
Other
payables |
2,414.00 |
491.00 |
|
Long-term
liabilities -current portion |
3,667.00 |
3,667.00 |
|
Other
current liabilities |
2,957.00 |
4,045.00 |
|
Current
liabilities |
595,821.00 |
553,394.00 |
|
Long
term Liabilities |
|
|
|
Long-term
borrowings |
11,833.00 |
15,500.00 |
|
Long-term
liabilities |
11,833.00 |
15,500.00 |
|
Reserves |
|
|
|
Reserve
for land revaluation increment tax |
21,958.00 |
21,958.00 |
|
Reserves |
21,958.00 |
21,958.00 |
|
Other
liabilities |
|
|
|
Guarantee
deposits received |
0.00 |
25.00 |
|
Deferred
income tax |
12,796.00 |
7,045.00 |
|
Other
liabilities |
12,796.00 |
7,070.00 |
|
Liabilities |
642,408.00 |
597,922.00 |
|
Stockholders'
Equity |
|
|
|
Capital |
|
|
|
Common
stock |
495,000.00 |
415,000.00 |
|
Capital
Surplus |
|
|
|
Capital
surplus - share premium |
167,200.00 |
104,200.00 |
|
Capital
Surplus |
167,200.00 |
104,200.00 |
|
Retained
Earnings |
|
|
|
Legal
reserve |
41,632.00 |
27,861.00 |
|
Unappropriated
retained earnings |
419,942.00 |
303,879.00 |
|
Retained
earnings |
461,574.00 |
331,740.00 |
|
Stockholders'
Equity and Other adjustmen |
|
|
|
Cumulative
translation adjustments |
3,069.00 |
8,912.00 |
|
Unrealized
gain or loss on financial instrumen |
96,513.00 |
123,686.00 |
|
Unrealized
Revaluation Increment |
2,746.00 |
2,746.00 |
|
|
102,328.00 |
135,344.00 |
|
Equity
adjustments |
1,226,102.00 |
986,284.00 |
|
Number
of treasury stock acquired by the company and subsidiaries (unit: share) |
0.00 |
0.00 |
|
|
0.00 |
0.00 |
(As of 2014.2, 1 NTD = 0.0331 USD)
Unit: NTD/000
|
Date |
2012-1-1~2012-3-31 |
2011-1-1~2012-12-31 |
|
Sales |
1,638,718.00 (USD 54,241,565.8) |
1,498,285.00 (USD 49,593,233.5) |
|
Sales
return |
4,691.00 |
4,857.00 |
|
Sales
discounts and allowances |
825.00 |
752.00 |
|
Net
sales revenue |
1,633,202.00 |
1,492,676.00 |
|
Operating
income |
1,633,202.00 |
1,492,676.00 |
|
Cost
of sales |
1,328,182.00 |
1,271,141.00 |
|
Operating
costs |
1,328,182.00 |
1,271,141.00 |
|
Gross
profit (loss) from operations |
305,020.00 |
221,535.00 |
|
Unrealized
gain from inter-affiliate accounts. |
590.00 |
-23.00 |
|
Realized
gain from inter-affiliate accounts. |
-23.00 |
0.00 |
|
Selling
expense |
84,361.00 |
82,510.00 |
|
General
and administrative expenses |
64,039.00 |
62,716.00 |
|
Research
and development expenses |
10,772.00 |
7,616.00 |
|
Operating
expenses |
159,172.00 |
152,842.00 |
|
Operating
income (loss) |
145,235.00 |
68,716.00 |
|
Non-Operating
Income |
|
|
|
Interest
income |
700.00 |
69.00 |
|
Investment
income |
26,041.00 |
38,258.00 |
|
Investment
profit recognized under equity method |
21,241.00 |
32,299.00 |
|
Dividends
income |
4,800.00 |
5,959.00 |
|
Gains
on disposal of fixed assets |
0.00 |
317.00 |
|
Gains
on sale of investments |
37,042.00 |
50,816.00 |
|
Financial
assets’ evaluation income |
2,745.00 |
12,570.00 |
|
Miscellaneous
income |
10,308.00 |
8,829.00 |
|
Non-operating
revenues and gains |
76,836.00 |
110,859.00 |
|
Non-Operating
Expenses |
|
|
|
Interest
expense |
8,415.00 |
8,892.00 |
|
Impairment
loss on fixed assets |
17.00 |
0.00 |
|
Foreign
exchange loss |
1,753.00 |
439.00 |
|
Financial
assets’ evaluation loss |
0.00 |
7,228.00 |
|
Financial
liabilities’ evaluation loss |
2,045.00 |
0.00 |
|
Miscellaneous
disbursements |
0.00 |
420.00 |
|
Non-operating
expenses and losses |
12,230.00 |
16,979.00 |
|
Income
from continuing operations before income tax |
209,841.00 |
162,596.00 |
|
Income
tax expense (benefit) |
29,607.00 |
24,885.00 |
|
Income
(loss) from continuing operations |
180,234.00 |
137,711.00 |
|
Net
income (loss) |
180,234.00 (USD 3,965,745.4) |
137,711.00 (USD 4,558,234.1) |
|
Primary
Earnings per Share |
|
|
|
Income
(loss) of unit of continuing operation |
3.71 |
3.17 |
|
Primary
Earnings per Share |
3.71 |
3.17 |
|
Diluted
earnings per share |
|
|
|
)
Income (loss) of unit of continuing operation |
3.70 |
3.16 |
|
Diluted
earnings per share |
3.70 |
3.16 |
(As of 2014.2, 1 NTD = 0.0331
USD)
|
Date |
2012-1-1~2012-3-31 |
2011-1-1~2012-12-31 |
|
|
|
|
|
180,234.00 |
137,711.00 |
|
|
Adjustments to Reconcile Net Income to Net
Cash Provided by (Used in) Operating Activities |
|
|
|
26,008.00 |
25,870.00 |
|
|
4,817.00 |
4,113.00 |
|
|
Bad debt expense provision (transfer income)
number |
-4,443.00 |
0.00 |
|
Loss (Gain) on Decline (Recovery) in Market
Value, Scrap and Obsolescence of Inventories |
1,606.00 |
0.00 |
|
-21,241.00 |
-32,299.00 |
|
|
17.00 |
-317.00 |
|
|
Fixed assets transfer cost number |
359.00 |
0.00 |
|
-37,042.00 |
-50,816.00 |
|
|
Loss (Gain) on Unrealized Evaluation of Financial
liabilities and assets |
-700.00 |
-5,342.00 |
|
Unrealized gain (loss) from inter-affiliate accounts. |
613.00 |
-23.00 |
|
|
|
|
|
Loss (Gain) on financial assets for trading |
2,083.00 |
6,636.00 |
|
-7,688.00 |
-13,708.00 |
|
|
6,619.00 |
-26,773.00 |
|
|
Decrease (Increase)
in Accounts Receivable - Related Parties |
-40,787.00 |
-10,501.00 |
|
2,119.00 |
7,499.00 |
|
|
Decrease (Increase) in Other Receivables |
-7,892.00 |
-31,370.00 |
|
Decrease (Increase) in prepayments |
-93,315.00 |
5,399.00 |
|
263.00 |
960.00 |
|
|
Decrease (Increase) in deferred income tax assets |
6,507.00 |
5,013.00 |
|
Decrease (Increase) in financial liabilities for
trade |
175.00 |
0.00 |
|
Increase (Decrease) in Notes Payable |
5,539.00 |
-5,477.00 |
|
120.00 |
4,783.00 |
|
|
3,672.00 |
1,400.00 |
|
|
2,243.00 |
6,214.00 |
|
|
Increase (Decrease) in accrued expenses |
-17,734.00 |
6,101.00 |
|
Increase (Decrease) in Other payables |
579.00 |
491.00 |
|
Increase (Decrease) in Other payables- Related
Parties |
0.00 |
0.00 |
|
Increase (Decrease) in advance receipts |
0.00 |
0.00 |
|
Increase (Decrease) in other current liabilities |
-1,678.00 |
2,454.00 |
|
Increase (Decrease) in accrued pension
liabilities |
0.00 |
-2,191.00 |
|
Increase (Decrease) in other operating debts |
0.00 |
0.00 |
|
11,053.00 |
35,827.00 |
|
|
|
|
|
|
Proceeds from Disposal of Available-for-sale Financial Assets |
0.00 |
-31,704.00 |
|
Acquisition of Financial Assets Carried at Cost |
75,034.00 |
82,348.00 |
|
Acquisition of subsidiary companies |
-39,781.00 |
-187,570.00 |
|
Purchase of Property, Plant and Equipment |
-27,411.00 |
-18,876.00 |
|
Proceeds from Disposal of Property, Plant and Equipment |
233.00 |
559.00 |
|
Decrease (Increase) in Refundable Deposits |
501.00 |
-126.00 |
|
Decrease (Increase) in other receivables- Related Parties |
-23,607.00 |
-3,651.00 |
|
Purchase of Intangible Assets |
-13,034.00 |
-3,479.00 |
|
Decrease (Increase) in Other financial assets |
-8,833.00 |
0.00 |
|
Net Cash Provided by (Used in) Investing Activities) |
-36,898.00 |
-162,499.00 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
47,577.00 |
-58,966.00 |
|
Increase (Decrease) in Short-term Notes and Bills Payable |
0.00 |
-20,000.00 |
|
Repayment of Long-term Debt |
-3,667.00 |
-3,667.00 |
|
Increase (Decrease) in deposits received |
-25.00 |
-3.00 |
|
Cash dividends |
-5,400.00 |
0.00 |
|
Proceed fm New Issue |
98,000.00 |
200,000.00 |
|
Net Cash Provided by (Used in) Financing Activities |
136,485.00 |
117,364.00 |
|
Net Increase (Decrease) in Cash and Cash
Equivalents |
110,640.00 |
-9,308.00 |
|
Cash and Cash Equivalents, Beginning of year |
45,857.00 |
55,165.00 |
|
Cash and Cash Equivalents, End of year |
156,497.00 |
45,857.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
8,415.00 |
8,892.00 |
|
Interest Paid- Excluding Capitalized Interest |
8,415.00 |
8,892.00 |
|
20,857.00 |
13,127.00 |
|
|
Investing Activities Affecting Both Cash and
Non-cash Items |
|
|
|
Transfer surplus capital increase |
45,000.00 |
0.00 |
|
Other supplementary information |
|
|
|
Punishment for available for sale financial assets price |
69,063.00 |
88,319.00 |
|
Increases: Account receivable at the beginning of year |
5,971.00 |
0.00 |
|
Decrease: Account receivable at the end of year |
0.00 |
-5,971.00 |
|
Cash collection number |
75,034.00 |
82,348.00 |
|
Derive from Long-term investment value |
39,781.00 |
59,174.00 |
|
Increases: Account Payable at the beginning of year |
0.00 |
128,396.00 |
|
Number of payment in current period |
39,781.00 |
187,570.00 |
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
|
1 |
|
|
Trial Number: |
100, Beixiao, 2350 |
|
Date of Trial: |
2011-1-31 |
|
Reason: |
Payment for debt |
|
2 |
|
|
Trial Number: |
100, Beixiao, 2350 |
|
Date of Trial: |
2011-1-25 |
|
Reason: |
Payment for goods |
|
Name |
Mr. Zhou |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.19 |
|
|
1 |
Rs. 102.13 |
|
Euro |
1 |
Rs. 84.74 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.