|
Report Date : |
28.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
FULLTECH FIBER GLASS CORP. |
|
|
|
|
Registered Office : |
No.8, Dou Kong 16 Road, Dou Leu City, Yunlin Hsien 640, |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
14.01.1999 |
|
|
|
|
Com. Reg. No.: |
16834268 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing of electronic materials |
|
|
|
|
No. of Employees |
1,100 |
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 – 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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.8, Dou Kong 16 Road, Dou Leu City, Yunlin Hsien 640, Taiwan, R.O.C. |
|
Supplied Address: |
|
|
Telephone Number: |
+886-5-557-6869 |
|
Fax Number: |
+886-5-557-5265 |
Notes: We contacted with the subject, the subject introduced that the supplied address belongs to the subject’s Taipei Office, and the exact name and address are as above.
|
Registered Name: |
Fulltech Fiber Glass Corp. |
|
Registered Address: |
No.8, Dou Kong 16 Road, Dou Leu City, Yunlin Hsien 640, Taiwan, R.O.C. |
|
Date of Foundation: |
1999-1-14 |
|
Registration Number: |
16834268 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 5,000,000,000 (USD 165,500,000) (As of 2014.6, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 4,061,230,710 (USD 134,426,737) |
|
Legal Representatives: |
Yuanbao Zhang |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 1999-1-14 with registered number 16834268 as Joint Stock Company in Taiwan.
Subject listed on Taiwan stock exchange on 2006-1-23.
|
Name |
Subscription Shares |
|
Ideal Bike Corporation |
9,326,860 |
|
Taida Investment Co.,
Ltd (Liberal Translation) |
|
|
57,162,000 |
|
|
Shitai Zhang |
3,245 |
|
Qingtong Investment Co., Ltd (Liberal Translation) |
2,409,755 |
|
Teh Long Warehousing & Stevedoring Co., Ltd. |
3,050,509 |
The information above is that of subject’s major shareholders.
Shareholder
Information:
|
1 |
|
|
Registered Name: |
Ideal Bike Corporation |
|
Registered Address: |
No.497, Sec. 1, Gangbu Rd., Wuqi Dist., Taichung City 43546, Taiwan (R.O.C.) |
|
Date of Foundation: |
1980-9-16 |
|
Registration Number: |
97506791 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 2,000,000,000 (USD 66,200,000) (As of 2014.6, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 1,436,427,010 (USD 47,545,734) |
|
Legal Representatives: |
Yuanbao Zhang |
|
Legal Form: |
Joint Stock Company |
|
Staff: |
About 1,500 Employees |
|
Listed at Stock Exchange: |
Yes; (Public, TPE: 8933) |
|
Date of Last Annual Return: |
2014-5-29 |
|
2 |
|
|
Registered Name: |
Taida Investment Co., Ltd (Liberal Translation) |
|
Registered Address: |
28F., no.216, sec. 2, dunhua s. rd., da'an dist., taipei city, taiwan (r.o.c.) |
|
Date of Foundation: |
1998-9-25 |
|
Registration Number: |
16743605 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 900,000,000 (USD 29,790,000) (As of 2014.6, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 820,000,000 (USD 27,142,000) |
|
Legal Representatives: |
Pingzhao Zhang |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-10-2 |
|
3 |
|
|
Registered Name: |
Qingtong Investment Co., Ltd (Liberal Translation) |
|
Registered Address: |
No.430, Sec. 2, Dazhi Rd., Wuqi Dist., Taichung City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1996-4-24 |
|
Registration Number: |
96985082 |
|
Registry: |
Taichung City Government |
|
Registered Capital: |
NTD 90,000,000 (USD 2,979,000) (As of 2014.6, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 90,000,000 (USD 2,979,000) |
|
Legal Representatives: |
Meiying Zhang |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2011-5-10 |
|
4 |
|
|
Registered Name: |
Teh Long Warehousing & Stevedoring Co., Ltd. |
|
Registered Address: |
No.146, Chung Heng Ten Rd., Wuqi Dist., Taichung City 435, Taiwan (R.O.C.) |
|
Date of Foundation: |
1981-9-5 |
|
Registration Number: |
56663016 |
|
Registry: |
Taichung City Government |
|
Registered Capital: |
NTD 150,000,000 (USD 4,965,000) (As of 2014.6, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 150,000,000 (USD 4,965,000) |
|
Legal Representatives: |
Xilu Li |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2012-1-6 |
Office
|
Name: |
Taipei Office |
|
Address: |
28F,NO.216 Tunhwa South Road,SEC.2 Taipei, Taiwan |
|
Tel |
+ 886-2-2735-7658 |
|
Fax |
+ 886-2-2735-7698 |
Branch Companies
|
Name |
Fulltech Fiber Glass Corp. Yunlin Branch |
|
Registered Address： |
No.8, Ke Hu 2nd Road, Hu Wei Township, Yunlin County 63247, Taiwan (R.O.C.) |
|
Registration Number |
29182486 |
|
Date of Registration |
2009-3-18 |
|
Manager Name |
Jinshuo Zhang |
|
Date of Last Annual Return |
2010-5-10 |
|
Tel |
+886-5-770-1999 |
|
Fax |
+886-5-632-8684 |
Core Management
Directors
|
1 |
|
|
Name |
Yuanbao Zhang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Yuanfu Zhang |
|
Position |
Director |
|
3 |
|
|
Name |
Zhengxiong Chen |
|
Position |
Director |
|
4 |
|
|
Name |
Shitai Zhang |
|
Position |
Director |
|
5 |
|
|
Name |
Houming Chen |
|
Position |
Independent Director |
|
6 |
|
|
Name |
Jianzhong Nie |
|
Position |
Independent Director |
|
7 |
|
|
Name |
Guoan Zhang |
|
Position |
Supervisor |
|
8 |
|
|
Name |
Teh Long Warehousing & Stevedoring Co., Ltd. |
|
Position |
Supervisor |
|
9 |
|
|
Name |
Zhongju Liu |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 1,100 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.8, Dou Kong 16 Road, Dou Leu City, Yunlin Hsien 640, Taiwan, R.O.C. |
Production Information
Subject is a manufacturer of electronic materials and etc.
It is introduced that subject has two factories in Taiwan for production.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
C901020 |
Manufacturing of glass and glass products. |
|
F199990 |
Other wholesales (glass and glass products) |
|
F299990 |
Other retails (glass and glass products) |
|
F401030 |
Import and manufacturing industry. |
|
F601010 |
Intellectual property industry. |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
It is introduced that subject purchases its raw materials and etc both at home and abroad.
The subject is mainly engaged in sales of electronic materials and etc.
It is introduced that subject’s selling territory includes Asia, Europe, America and etc.
It is introduced that subject’s major customers are manufacturers of electronic products.
It is introduced that subject’s products are applied to computer, mobile phone and etc.
Major Products
|
|
Product |
|
1 |
Fiber Glass Yarn |
|
2 |
Fiber Glass Fabric |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
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 |
|
|
Electronic materials and etc |
COD, CBD and etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Electronic materials and etc |
CBD and etc |
100% |
Unit: NTD/000
|
Date |
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
1,728,497.00 |
955,632.00 |
|
Changes in the fair value of the financial liability on profit and loss-flow |
609.00 |
0.00 |
|
Financial asset for sales -current |
52,132.00 |
49,600.00 |
|
Notes receivable - net |
26,644.00 |
31,892.00 |
|
Accounts receivable - net |
864,159.00 |
801,823.00 |
|
Inventories |
833,237.00 |
911,521.00 |
|
Prepayments |
20,923.00 |
17,220.00 |
|
Other current assets |
190,334.00 |
251,288.00 |
|
Current assets |
3,716,535.00 |
3,018,976.00 |
|
Funds and Investments |
|
|
|
Long-term equity investment recognized under equity method |
520,684.00 |
95,350.00 |
|
Investments |
520,684.00 |
95,350.00 |
|
Funds and long-term investments |
520,684.00 |
95,350.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
483,214.00 |
483,214.00 |
|
Improvement on land |
165,265.00 |
165,065.00 |
|
Buildings and structures |
2,868,532.00 |
2,854,752.00 |
|
Machinery and equipment |
6,195,113.00 |
5,814,058.00 |
|
Office equipment |
46,508.00 |
47,267.00 |
|
Leasehold improvements |
30,642.00 |
800.00 |
|
Other facilities |
2,890,449.00 |
2,696,142.00 |
|
cost of fixed asset |
12,679,723.00 |
12,061,298.00 |
|
Accumulated Depreciation |
-2,951,850.00 |
-2,544,239.00 |
|
Construction in process and prepayment for equipments |
247,176.00 |
380,763.00 |
|
Fixed assets |
9,975,049.00 |
9,897,822.00 |
|
Intangible Assets |
|
|
|
Computer software cost |
4,212.00 |
4,896.00 |
|
Cost of Deferred retirement |
1,750.00 |
0.00 |
|
Intangible assets |
5,962.00 |
4,896.00 |
|
OtherAssets |
|
|
|
Guarantee deposits paid |
25,802.00 |
16,995.00 |
|
Deferred charges |
128,796.00 |
146,081.00 |
|
Deferred income tax assets - non current |
3,310.00 |
22,285.00 |
|
Other assets-others |
15,079.00 |
5,157.00 |
|
Other assets |
172,987.00 |
190,518.00 |
|
Assets |
14,391,217.00 |
13,207,562.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term notes and bills payable |
65,209.00 |
326,632.00 |
|
Short-term Transactions Instruments payable |
0.00 |
159,526.00 |
|
Changes in the fair value of the financial liability on profit and loss-flow |
6,951.00 |
0.00 |
|
Notes payable |
108,570.00 |
27,060.00 |
|
Accounts payable |
64,378.00 |
281,711.00 |
|
Income tax payable |
6,705.00 |
0.00 |
|
Accrued expenses |
214,011.00 |
291,789.00 |
|
Other payables |
178,961.00 |
115,633.00 |
|
Long-Term Liabilities -Current Portion |
2,918,843.00 |
1,360,000.00 |
|
Other current liabilities |
14,695.00 |
14,013.00 |
|
Current liabilities |
3,578,323.00 |
2,576,364.00 |
|
Long term Liabilities |
|
|
|
Corporate bonds payables |
167,143.00 |
1,418,570.00 |
|
Long-term borrowings |
5,241,656.00 |
4,300,291.00 |
|
Long-term liabilities |
5,408,799.00 |
5,718,861.00 |
|
Reserve |
|
|
|
Other Liabilities |
|
|
|
Pension reserve / accrued pension liability |
27,203.00 |
23,273.00 |
|
Other liabilities |
27,203.00 |
23,273.00 |
|
Liabilities |
9,014,325.00 |
8,318,498.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
3,272,888.00 |
2,892,330.00 |
|
Certificates of Bond-to-Stock Conversion |
0.00 |
13,514.00 |
|
Capital Surplus |
|
|
|
Capital surplus - additional paid-in capital |
1,197,370.00 |
872,941.00 |
|
Capital surplus- Storage stock trading |
47,303.00 |
47,303.00 |
|
Capital surplus- stock option |
77,982.00 |
64,363.00 |
|
Capital surplus |
1,322,655.00 |
984,607.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
317,939.00 |
269,323.00 |
|
Special reserve |
21,967.00 |
17,261.00 |
|
Unappropriated retained earnings |
471,657.00 |
733,996.00 |
|
Retained earnings |
811,563.00 |
1,020,580.00 |
|
Stockholders' Equity and Other adjustmen |
|
|
|
Cumulative translation adjustments |
-139.00 |
1,879.00 |
|
Unrealized gain or loss of financial commodity |
-30,075.00 |
-23,846.00 |
|
Equity adjustments |
-30,214.00 |
-21,967.00 |
|
Stockholders‘ equity |
5,376,892.00 (USD 177,975,125.20) |
4,889,064.00 (USD 161,828,018.40) |
|
Number of treasury stock acquired by the company and subsidiaries (unit: share) |
0.00 |
0.00 |
|
|
0.00 |
0.00 |
(As of 2014.6, 1 NTD = 0.0331 USD)
Unit: NTD/000
|
Date |
2012 |
2011 |
|
Sales |
4,328,292.00 (USD 143,266,465.20) |
4,354,518.00 (USD 144,134,545.80) |
|
Sales Return |
45,226.00 |
47,031.00 |
|
Sales |
4,283,066.00 |
4,307,487.00 |
|
Operating income |
4,283,066.00 |
4,307,487.00 |
|
Cost of sales |
3,558,978.00 |
3,245,402.00 |
|
Operating costs |
3,558,978.00 |
3,245,402.00 |
|
Gross profit (loss) from operations |
724,088.00 |
1,062,085.00 |
|
Selling expense |
210,265.00 |
221,564.00 |
|
General and administrative expenses |
204,137.00 |
243,722.00 |
|
Research and development expenses |
18,003.00 |
17,766.00 |
|
Operating expenses |
432,405.00 |
483,052.00 |
|
Operating income (loss) |
291,683.00 |
579,033.00 |
|
Non-Operating Income |
|
|
|
Interest income |
1,833.00 |
1,113.00 |
|
Investment income |
2,475.00 |
542.00 |
|
Dividend Revenue |
2,475.00 |
542.00 |
|
Income for disposal of investment |
0.00 |
27,696.00 |
|
Foreign exchange gains |
0.00 |
45,665.00 |
|
Miscellaneous income |
19,042.00 |
18,744.00 |
|
Non-operating revenues and gains |
23,350.00 |
93,760.00 |
|
Non-Operating Expenses and Loss |
|
|
|
Interest expense |
203,048.00 |
193,387.00 |
|
Investment loss recognized under equity method |
14,266.00 |
10,257.00 |
|
Investment loss |
14,266.00 |
10,257.00 |
|
Loss on disposal of fixed asset |
8,595.00 |
2,455.00 |
|
Loss on disposal of investment |
460.00 |
0.00 |
|
Foreign Exchange Loss |
72,805.00 |
0.00 |
|
Financial expenses |
14,273.00 |
10,040.00 |
|
Loss on evaluation of financial liabilities |
1,595.00 |
0.00 |
|
Non-operating expenses and losses |
315,042.00 |
216,139.00 |
|
Income from continuing operations before income tax |
-9.00 |
456,654.00 |
|
Income tax expense (benefit) |
149,675.00 |
-29,502.00 |
|
Income from continuing operations |
-149,684.00 |
486,156.00 |
|
Net income (loss) |
-149,684.00 |
486,156.00 |
|
Primary Earnings per Share |
|
|
|
Primary earnings per share |
-0.47 |
1.71 |
|
Diluted earnings per share |
|
|
|
Diluted earnings per share |
0.00 |
1.43 |
|
Date |
2012 |
2011 |
|
|
|
|
|
-149,684.00 |
486,156.00 |
|
|
Adjustment Item |
|
|
|
Depreciation expense |
476,553.00 |
461,671.00 |
|
Amortization Expense |
186,650.00 |
220,748.00 |
|
Stake foundation to pay cost of reward |
0.00 |
9,592.00 |
|
Discount amortization (amortization of premium) to the Corporate bonds payable |
29,745.00 |
26,898.00 |
|
14,266.00 |
10,257.00 |
|
|
Loss (Gain) on Disposal of Property, Plan and Equipment |
8,595.00 |
2,455.00 |
|
460.00 |
-27,696.00 |
|
|
Loss (Gain) on Unrealized evaluation of financial asset and liabilities |
1,595.00 |
0.00 |
|
Loss (Gain) on Deferred Income Tax |
134,763.00 |
-95,804.00 |
|
Net changes of operating asset and liabilities |
|
|
|
5,248.00 |
19,878.00 |
|
|
-62,336.00 |
-42,748.00 |
|
|
Decrease (Increase) in Inventories |
78,284.00 |
-319,471.00 |
|
Decrease (Increase) in prepayments |
-3,703.00 |
5,492.00 |
|
-22,129.00 |
-44,697.00 |
|
|
Increase (Decrease) in Notes Payable |
81,510.00 |
-58,262.00 |
|
-217,333.00 |
124,112.00 |
|
|
Increase (Decrease) in Income Tax Payable |
6,705.00 |
-38,323.00 |
|
-82,554.00 |
66,534.00 |
|
|
Increase (Decrease) in other current liabilities |
-196.00 |
-2,401.00 |
|
2,180.00 |
1,871.00 |
|
|
488,619.00 |
806,262.00 |
|
|
Acquisition of Financial Assets Carried at Cost |
|
|
|
Acquisition of financial asset. |
-131,928.00 |
-20,550.00 |
|
Proceeds from Disposal of Available-for-sale Financial Assets |
123,588.00 |
13,218.00 |
|
Proceeds from Disposal of Financial Assets Carried at Cost |
0.00 |
113,000.00 |
|
Long-Term equity investments increased equity method |
-441,373.00 |
0.00 |
|
Purchase of Property, Plant and Equipment |
-575,306.00 |
-853,158.00 |
|
Decrease (Increase) in Refundable Deposits |
-8,807.00 |
4,658.00 |
|
Increase in Deferred Charges |
-88,655.00 |
-109,875.00 |
|
Decrease (Increase) in Restricted assets |
-42,953.00 |
4,621.00 |
|
Purchase of Intangible Assets |
-973.00 |
-125.00 |
|
Net Cash Provided by (Used in) Investing Activities |
-1,166,407.00 |
-848,211.00 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
-261,423.00 |
-54,284.00 |
|
Increase (Decrease) in Short-term Notes and Bills Payable |
-159,526.00 |
9,650.00 |
|
Bonds Issued |
750,000.00 |
0.00 |
|
Raising long-term borrowing |
4,536,000.00 |
1,176,500.00 |
|
Payment for long term borrowing |
-3,355,143.00 |
-1,405,000.00 |
|
Cash dividends |
-59,255.00 |
-225,435.00 |
|
Cash capital increase |
0.00 |
676,000.00 |
|
Exercise of Employee Stock Options |
0.00 |
38,258.00 |
|
Net Cash Provided by (Used in) Financing Activities |
1,450,653.00 |
215,689.00 |
|
Increase (Decrease) in net cash and cash equivalents |
772,865.00 |
173,740.00 |
|
Cash and Cash Equivalents, Beginning of year |
955,632.00 |
781,892.00 |
|
Cash and Cash Equivalents, End of year |
1,728,497.00 |
955,632.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
174,103.00 |
181,425.00 |
|
Interest Paid- Excluding Capitalized Interest |
174,103.00 |
181,425.00 |
|
8,207.00 |
101,403.00 |
|
|
Investing Activities not Affecting Both Cash and Non-cash Items |
|
|
|
Corporate bonds into common stock |
629,533.00 |
19,365.00 |
|
Investing Activities Affecting Both Cash and Non-cash Items |
|
|
|
Cash Paid for Acquisition of Property, Plant and Equipment |
|
|
|
Cash Paid for Acquisition of Property |
638,634.00 |
839,802.00 |
|
Cash Paid for Acquisition of Property |
-63,328.00 |
13,356.00 |
|
Cash Paid for Acquisition of Property, Plant and Equipment |
575,306.00 |
853,158.00 |
Subject declined to disclose its bank details; from other source we cannot obtain the relevant information, either.
Mortgage
|
1 |
|
|
Case Type: |
Chattel Mortgage |
|
Debtor Name: |
Fulltech Fiber Glass Corp. |
|
Creditor: |
Mega International Commercial Bank Co., Ltd, Lugang Branch |
|
Document Number: |
10331019900 |
|
Date of Registration: |
2014/4/8 |
|
Status: |
Paid off |
|
2 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
069319 |
|
Debtor Name: |
Fulltech Fiber Glass Corp. |
|
Document Number: |
09005053070 |
|
Date of Registration: |
2001/2/8 |
|
Status: |
Paid off |
|
3 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
080070 |
|
Debtor Name: |
Fulltech Fiber Glass Corp. |
|
Document Number: |
09305134690 |
|
Date of Registration: |
2004/6/24 |
|
Date of Alteration: |
2009/11/9 |
|
Status: |
Paid off |
|
4 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
082138 |
|
Debtor Name: |
Fulltech Fiber Glass Corp. |
|
Document Number: |
09304998640 |
|
Date of Registration: |
2004/12/29 |
|
Date of Alteration: |
2005/2/2 |
|
Status: |
Paid off |
|
5 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
097370 |
|
Debtor Name: |
Fulltech Fiber Glass Corp. |
|
Document Number: |
09830440610 |
|
Date of Registration: |
2009/5/15 |
|
Date of Alteration: |
2009/12/9 |
|
6 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
102037 |
|
Debtor Name: |
Fulltech Fiber Glass Corp. |
|
Document Number: |
09930369540 |
|
Date of Registration: |
2010/11/19 |
|
Status: |
Paid off |
|
7 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
105528 |
|
Debtor Name: |
Fulltech Fiber Glass Corp. |
|
Document Number: |
10130310210 |
|
Date of Registration: |
2012/3/8 |
|
Date of Alteration: |
2014/2/24 |
|
8 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
106702 |
|
Debtor Name: |
Fulltech Fiber Glass Corp. |
|
Document Number: |
10130353100 |
|
Date of Registration: |
2012/10/22 |
|
Status: |
Paid off |
|
9 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
108839 |
|
Debtor Name: |
Fulltech Fiber Glass Corp. |
|
Document Number: |
10231367300 |
|
Date of Registration: |
2013/11/25 |
Lawsuit
Up to date of reporting, no existing or latent litigation of the subject has been found.
|
Name |
Mr. Xu |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.10 |
|
|
1 |
Rs.102.40 |
|
Euro |
1 |
Rs.81.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.