|
Report Date : |
14.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
MAX ZIPPER CO., LTD. |
|
|
|
|
Formerly Known As : |
MAX ZIPPERS CO., LTD. |
|
|
|
|
Registered Office : |
7F., No.196, Joutz St., Neihu Dist., Taipei City 114 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
18.02.1978 |
|
|
|
|
Com. Reg. No.: |
35892013 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Engaged in manufacturing
and sales of all kinds of
Zippers such as Nylon Zippers, Delrin Zippers, Invisible Zipper, Metal
Zippers, Zipper Accessories, Sliders and Other Specialized Zipper |
|
|
|
|
No. of Employees : |
About 250 Employees |
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 : |
Slow but 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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are other major long-term challenges. Free trade agreements have proliferated in East Asia over the past several years, and following the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010, Taiwan in July 2013 signed a free trade deal with New Zealand—Taipei’s first-ever with a country with which it does not maintain diplomatic relations—and in November inked a trade pact with Singapore. Negotiations continue on follow-on components of ECFA regarding trade in goods and a dispute resolution mechanism; a trade in services agreement is under review in the legislature. 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 overall trade surplus largely because of its surplus with China, and its foreign reserves are the world's sixth largest, behind China, Japan, Saudi Arabia, Russia, and Switzerland. 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. Taiwan since 2009 has gradually loosened rules governing Chinese investment on the island, and has also secured greater market access for its investors in the mainland. 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: |
|
|
Former Name: |
Max Zippers Co., Ltd. |
|
Supplied Name: |
|
|
Trading Address: |
7F., No.196,
Joutz St., Neihu Dist., Taipei City 114, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2627-1828 |
|
Fax Number: |
|
|
Website: |
Notes: The exact name and address are as
above.
Subject was incorporated
on 1978-2-18 with registered number 35892013
as Joint Stock Company in
Taiwan.
Subject listed on Taiwan Over-The-Counter Securities Exchange on
2001-3-29.
Change of Name
|
Former English Name |
|
|
Current English Name |
Max Zipper Co., Ltd. |
|
Name |
Subscription Shares |
|
Hong Yu International Investment Co., Ltd. (Literal Translation) |
3,327,667 |
|
Hong Da Development and Investment Co.,
Ltd. (Literal Translation) |
|
|
3,327,667 |
|
|
Yi Jinn Industrial Co., Ltd. |
1,442,177 |
|
Yong Zan Development and Investment Co., Ltd. (Literal Translation) |
5,001,000 |
|
Shuzhen Hong |
572,825 |
The information above is that of subject’s major shareholders.
Shareholder Information:
|
1 |
|
|
Registered Name: |
Hong Yu International Investment Co., Ltd. (Literal Translation) |
|
Registered Address: |
2/F., No.78, Sec 1, Tingzhou Road,
Zhongzheng District, Taipei City, Taiwan |
|
Date of Foundation: |
1997-12-4 |
|
Registration Number: |
16285946 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 25,000,000 (USD 850,000) (As of 2014.06, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 25,000,000 (USD 850,000) |
|
Legal Representatives: |
Baochuan Hong |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-10-30 |
|
2 |
|
|
Registered Name: |
Hong Da Development and Investment Co., Ltd. (Literal Translation) |
|
Registered Address: |
2/F., No.78, Sec 1, Tingzhou Road, Zhongzheng
District, Taipei City, Taiwan |
|
Date of Foundation: |
1997-12-3 |
|
Registration Number: |
16285896 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 25,000,000 (USD 850,000) (As of 2014.06, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 25,000,000 (USD 850,000) |
|
Legal Representatives: |
Changyi Zhang |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-10-30 |
|
3 |
|
|
Registered Name: |
Yi Jinn Industrial Co., Ltd. |
|
Registered Address: |
7F., No.607, Ruiguang Rd., Neihu Dist.,
Taipei City 11492, Taiwan (R.O.C.) |
|
Date of Foundation: |
1981-3-24 |
|
Registration Number: |
07669338 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs,
R.O.C. |
|
Registered Capital: |
NTD 5,600,000,000 (USD 190,400,000) (As of 2014.06, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 3,178,745,920 (USD 108,077,361) |
|
Legal Representatives: |
Zhengtian Zhan |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
Yes; Stock Code: 1457 |
|
Date of Last Annual Return: |
2013-7-17 |
|
4 |
|
|
Registered Name: |
Yong Zan Development and Investment Co., Ltd. (Literal Translation) |
|
Registered Address: |
2/F., No.78, Sec 1, Tingzhou Road,
Zhongzheng District, Taipei City, Taiwan |
|
Date of Foundation: |
2008-3-28 |
|
Registration Number: |
28855999 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 28,000,000 (USD 952,000) (As of 2014.06, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 28,000,000 (USD 952,000) |
|
Legal Representatives: |
Zhiguo Jiang |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-12-3 |
Factory
|
Address: |
No.17, Gong-Er Road, Wulin Village, Longtan Township, Taoyuan County,
Taiwan |
|
Tel: |
+886-3-479-4132 |
|
Date of Foundation: |
1985-1-9 |
|
Date of Registration: |
1985-4-19 |
|
Factory Registration Number: |
99628405 |
|
Factory Manager: |
Baochuan Hong |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2012-9-21 |
|
Major Products: |
339 other products |
Subsidiary
|
Name: |
Max Zipper (China) Co., Ltd. |
|
Address: |
No.1, Huangpu Jiang, Kunshan Development Area, Jiangsu Province, China |
|
Date of Foundation: |
1995-12-25 |
|
Registration Number: |
320583400025804 |
|
Registry: |
Suzhou City Kunshan Industry and Commerce Administration |
|
Registered Capital: |
USD 10,500,000 |
|
Legal Representatives: |
Baochuan Hong |
Core Management
Directors
|
1 |
|
|
Name |
Baochuan Hong |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Qingxia Hong |
|
Position |
Director |
|
3 |
|
|
Name |
Changyi Zhang |
|
Position |
Director |
|
4 |
|
|
Name |
Zhiguo Jiang |
|
Position |
Director |
|
5 |
|
|
Name |
Jintong Chen |
|
Position |
Director |
|
6 |
|
|
Name |
Zhengtian Zhan |
|
Position |
Director |
|
7 |
|
|
Name |
Shaosong Cai |
|
Position |
Director |
|
8 |
|
|
Name |
Yongsong Chen |
|
Position |
Supervisor |
|
9 |
|
|
Name |
Meizhu Guozhang |
|
Position |
Supervisor |
|
10 |
|
|
Name |
Shuzhen Hong |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 250 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
7F., No.196, Joutz St., Neihu Dist., Taipei City 114, Taiwan (R.O.C.) |
Production
Information
Subject is engaged in manufacturing of all kinds of zippers
Subject has a factory (about 4,500 square meters) in Taoyuan County,
Taiwan for production and we obtained its production capacity as follows for
reference:
Unit: Yard
|
|
2012 |
2011 |
|
Zipper |
51,600,000 |
53,480,000 |
Subject obtained the certification of ISO 9001.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
CZ99020 |
Manufacturing of zipper and button |
|
F104110 |
Wholesale of textile, garment, shoes, hat, umbrella and accessories |
|
H701010 |
Developing and leasing of residence and building |
|
JB01010 |
Exhibition Service |
|
I301010 |
Software service |
|
I301020 |
Data processing service |
|
I301030 |
Electronic information supply |
|
I501010 |
Product design |
|
I601010 |
Leasing industry |
|
IZ06010 |
Packaging industry |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
|
CB01010 |
Manufacturing of machinery |
|
CC01110 |
Manufacturing of computer and peripheral equipment |
|
CE01030 |
Manufacturing of optical instrument |
|
F113030 |
Wholesale of precise instrument |
|
F119010 |
Wholesale of electronic material |
|
F118010 |
Wholesale of software |
|
F401010 |
International trade business |
The components and raw materials for production are mostly purchased in
domestic market.
Subject is engaged in sale of all kinds of zippers
Subject’s sales regions include domestic market, Japan, South Korea,
India, USA and Europe
Subject’s major customers are some famous garment brands and retail chains such as “KOHLS”, “COLUMBIA”, “Lafuma” (France),
“JCPenney” (USA), “WAL-MART”, “TESCO”, “AEROPOSTALE”, “OKAIDI” and “OBAIBI”
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Components and
raw materials |
T/T, Cash |
100% |
Foreign Purchase
Subject has little
import.
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Zippers |
T/T, Cash |
100% |
Export
|
Terms |
Proportion |
|
|
Zippers |
L/C, T/T |
100% |
Unit: NTD/000
|
|
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
66,412.00 |
91,505.00 |
|
Financial assets in available-for-sale - current |
31,168.00 |
25,403.00 |
|
Notes receivable - net |
10,540.00 |
9,869.00 |
|
Accounts receivable - net |
91,280.00 |
60,249.00 |
|
Accounts receivable - related parties - net |
12,541.00 |
11,363.00 |
|
Other receivables - related parties |
34,438.00 |
51,255.00 |
|
Inventories |
106,538.00 |
92,218.00 |
|
Other current assets |
73,971.00 |
68,481.00 |
|
Current assets |
426,888.00 |
410,343.00 |
|
Funds and Investments |
|
|
|
Financial assets at cost - non current |
0.00 |
0.00 |
|
Long-term equity investment under equity method |
223,875.00 |
191,295.00 |
|
Investments |
223,875.00 |
191,295.00 |
|
Funds and investments |
223,875.00 |
191,295.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
45,470.00 |
45,470.00 |
|
Buildings and structures |
134,539.00 |
134,017.00 |
|
Machinery and equipment |
191,144.00 |
183,306.00 |
|
Transportation equipment |
4,498.00 |
4,498.00 |
|
Leasing assets - land |
52,216.00 |
52,216.00 |
|
Leasing assets - buildings |
3,291.00 |
3,291.00 |
|
Other equipment |
9,527.00 |
6,119.00 |
|
Appraisal increment |
69,204.00 |
69,204.00 |
|
Cost and revaluation |
509,889.00 |
498,121.00 |
|
Accumulated depreciation |
-229,424.00 |
-217,042.00 |
|
Construction in process and prepayment for equipments |
584.00 |
6,184.00 |
|
Fixed assets |
281,049.00 |
287,263.00 |
|
Intangible Assets |
|
|
|
Deferred pension costs |
3,798.00 |
2,563.00 |
|
Intangible assets |
3,798.00 |
2,563.00 |
|
Other Assets |
|
|
|
Other assets |
33,379.00 |
28,115.00 |
|
Assets |
968,989.00 |
919,579.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term borrowing |
240,602.00 |
211,772.00 |
|
Short-term notes and bills payable |
70,000.00 |
60,000.00 |
|
Notes payable |
9,643.00 |
9,694.00 |
|
Accounts payable |
54,279.00 |
44,839.00 |
|
Accounts payable - related parties |
6,013.00 |
6,555.00 |
|
Income tax payable |
6,215.00 |
281.00 |
|
Accrued expenses payable |
32,814.00 |
33,573.00 |
|
Other current liabilities |
7,421.00 |
7,381.00 |
|
Current liabilities |
426,987.00 |
374,095.00 |
|
Long term Liabilities |
|
|
|
long-term loan |
48,280.00 |
60,702.00 |
|
Long-term liabilities |
48,280.00 |
60,702.00 |
|
Reserves |
|
|
|
Reserves for land value increment tax |
15,300.00 |
15,300.00 |
|
Reserves |
15,300.00 |
15,300.00 |
|
Other Liabilities |
|
|
|
Other liabilities |
57,233.00 |
56,102.00 |
|
Liabilities |
547,800.00 |
506,199.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
488,000.00 |
488,000.00 |
|
Capital Surplus |
|
|
|
Capital surplus–treasury stock transactions |
3,778.00 |
3,778.00 |
|
Capital surplus – long-term investment |
32,810.00 |
32,810.00 |
|
Capital surplus |
36,588.00 |
36,588.00 |
|
Retained Earnings |
|
|
|
Legal reserves |
0.00 |
0.00 |
|
Unappropriated retained earnings |
-136,381.00 |
-144,503.00 |
|
Retained earnings |
-136,381.00 |
-144,503.00 |
|
Stockholders' Equity and Other adjustment |
|
|
|
Cumulative translation adjustments |
-259.00 |
4,369.00 |
|
Unrealized gain or loss on financial instrument |
-20,663.00 |
-24,978.00 |
|
Unrealized revaluation |
53,904.00 |
53,904.00 |
|
Stockholders' equity and other adjustment |
32,982.00 |
33,295.00 |
|
Stockholders - equity |
421,189.00 (USD 14,320,426.00) |
413,380.00 (USD 14,054,920.00) |
|
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 2014.06, 1 NTD = 0.0340 USD)
Unit: NTD/000
|
|
2012 |
2011 |
|
Sales |
650,147.00 (USD 22,104,998.00) |
627,519.00 (USD 21,335,646.00) |
|
Operating costs |
538,290.00 |
540,202.00 |
|
Gross profit (loss) from operations |
111,857.00 |
87,317.00 |
|
Operating expenses |
68,786.00 |
66,849.00 |
|
Operating income |
43,071.00 |
20,468.00 |
|
Non-Operating Income |
|
|
|
Interest income |
3,064.00 |
2,750.00 |
|
Gains on disposal of fixed assets |
201.00 |
210.00 |
|
Gains on disposal of investment |
2,053.00 |
557.00 |
|
Foreign exchange gains |
0.00 |
8,151.00 |
|
Miscellaneous income |
2,797.00 |
1,593.00 |
|
Non-operating revenues and gains |
8,115.00 |
13,261.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
8,551.00 |
8,818.00 |
|
Loss on investments under the equity method |
28,739.00 |
32,195.00 |
|
Investment loss |
28,739.00 |
32,195.00 |
|
Foreign exchange losses |
6,152.00 |
0.00 |
|
Miscellaneous disbursements |
486.00 |
1,133.00 |
|
Non-operating expenses and losses |
43,928.00 |
42,146.00 |
|
Income from continuing operations before income tax |
7,258.00 |
-8,417.00 |
|
Income tax expense (benefit) |
-864.00 |
559.00 |
|
Income from continuing operations |
8,122.00 |
-8,976.00 |
|
Net income (loss) |
8,122.00 (USD 276,148.00) |
-8,976.00 (USD -305,184.00) |
Unit: NTD/000
|
|
2012 |
2011 |
|
Cash Flows from Operating Activities - Indirect Method |
|
|
|
Net Income (Loss) |
8,122.00 |
-8,976.00 |
|
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in)
Operating Activities |
|
|
|
Depreciation Expense |
14,968.00 |
16,539.00 |
|
Amortization Expense |
100.00 |
166.00 |
|
Provision (Reversal of Provision) for Bad Debts Losses |
1,704.00 |
148.00 |
|
Loss (Gain) on Decline (Recovery) in Market Value, Scrap and
Obsolescence of Inventories |
-2,690.00 |
-2,101.00 |
|
Investment Loss (Income) Recognized under Equity Method |
28,739.00 |
32,195.00 |
|
Loss (Gain) on Disposal of Property, Plant and Equipment |
-201.00 |
-210.00 |
|
Loss (Gain) on Disposal of Investments |
-2,053.00 |
-557.00 |
|
Loss (Gain) on Deferred Income Tax |
-7,426.00 |
163.00 |
|
Changes in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Notes Receivable |
-778.00 |
-1,045.00 |
|
Decrease (Increase) in Accounts Receivable |
-31,680.00 |
13,304.00 |
|
Decrease (Increase) in Accounts Receivable - Related Parties |
-1,178.00 |
-8,592.00 |
|
Decrease (Increase) in Inventories |
-11,630.00 |
-227.00 |
|
Decrease (Increase) in Other Operating Assets |
1,445.00 |
1,228.00 |
|
Increase (Decrease) in Notes Payable |
-51.00 |
-736.00 |
|
Increase (Decrease) in Accounts Payable |
9,440.00 |
-22,230.00 |
|
Increase (Decrease) in Accounts Payable - Related Parties |
-542.00 |
6,555.00 |
|
Increase (Decrease) in Income Tax Payable |
5,934.00 |
484.00 |
|
Increase (Decrease) in Accrued Expenses |
-759.00 |
6,361.00 |
|
Net Cash Provided by (Used in) Operating Activities |
11,464.00 |
32,469.00 |
|
Cash Flows from Investing Activities |
|
|
|
Acquisition of Available-for-sale financial assets |
-32,445.00 |
-35,708.00 |
|
Proceeds from sale of Available-for-sale financial assets |
30,142.00 |
8,969.00 |
|
Acquisition of Investments Accounted for by Equity Method |
-63,041.00 |
0.00 |
|
Purchase of Property, Plant and Equipment |
-9,480.00 |
-23,547.00 |
|
Proceeds from Disposal of Property, Plant and Equipment |
15.00 |
640.00 |
|
Decrease (Increase) in Receivables – Related Parties |
16,817.00 |
-8,305.00 |
|
Decrease (Increase) in Restricted Assets |
-2,809.00 |
-25,595.00 |
|
Other Investments |
-279.00 |
27.00 |
|
Net Cash Provided by (Used in) Investing Activities |
-61,080.00 |
-83,519.00 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
27,809.00 |
14,841.00 |
|
Increase (Decrease) in Short-Term Notes And Bills Payable |
10,000.00 |
20,000.00 |
|
Repayment of Long-Term Debt |
-11,401.00 |
-10,420.00 |
|
Other Financing Activities |
-1,885.00 |
-175.00 |
|
Net Cash Provided by (Used in) Financing Activities |
24,523.00 |
24,246.00 |
|
Net Increase (Decrease) in Cash and Cash Equivalents |
-25,093.00 |
-26,804.00 |
|
Cash and Cash Equivalents, Beginning of year |
91,505.00 |
118,309.00 |
|
Cash and Cash Equivalents, End of year |
66,412.00 |
91,505.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid- Excluding Capitalized Interest |
8,536.00 |
8,783.00 |
|
Income Tax Paid |
628.00 |
880.00 |
|
Non-cash Investing and Financing Activities |
|
|
|
Long term liabilities due within one year |
26,998.00 |
25,977.00 |
|
Investing Activities Affecting Both Cash and Non-cash Items |
|
|
|
Cash Paid for Acquisition of Property, Plant and Equipment |
|
|
|
Increase in Property, Plant and Equipment |
-10,754.00 |
-15,819.00 |
|
Increase (Decrease) in Payable for Equipment Purchased |
1,274.00 |
-7,728.00 |
|
Cash paid for acquisition of property, plant and equipment |
-9,480.00 |
-23,547.00 |
|
1 |
|
|
Name: |
Chang Hwa Commercial Bank Ltd, Nei-Hu Branch |
|
Address: |
No.100 Wen Ten Rd, Neihu Dist., Taipei 114,Taiwan |
|
2 |
|
|
Name: |
Chang Hwa Commercial Bank Ltd, Nei-Hu Branch |
|
3 |
|
|
Name: |
Taishin International Bank Ltd, Jianbei Branch |
|
4 |
|
|
Name: |
Taichung Commercial Bank Ltd, Taipei Branch |
Mortgage
|
1 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
039768 |
|
Debtor Name: |
Max Zipper Co., Ltd. |
|
Document Number: |
108034 |
|
Date of Registration: |
1992-5-1 |
|
Date of Alteration: |
1992-5-1 |
|
Status: |
Paid off |
|
2 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
085012 |
|
Debtor Name: |
Max Zipper Co., Ltd. |
|
Document Number: |
09405161560 |
|
Date of Registration: |
2005-10-3 |
|
Status: |
Paid off |
|
3 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
098015 |
|
Debtor Name: |
Max Zipper Co., Ltd. |
|
Document Number: |
09830470450 |
|
Date of Registration: |
2009-8-24 |
|
Status: |
Paid off |
Lawsuit
Up to date of reporting, no existing or latent
litigation of the subject has been found.
|
Name |
Ms. Liu |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.48 |
|
|
1 |
Rs.100.93 |
|
Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.