|
Report Date : |
22.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
TAIWAN WAX COMPANY LTD. |
|
|
|
|
Registered Office : |
1, Chung Cheng Road, Minhsiung Industrial Park, Chiayi Hsien |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
13.08.1987 |
|
|
|
|
Com. Reg. No.: |
22625269 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of wax products |
|
|
|
|
No of Employees : |
About 66 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 : |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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: |
1, Chung Cheng Road,
Minhsiung Industrial Park, Chiayi Hsien, Taiwan, R.O.C. |
|
Supplied Address: |
|
|
Telephone Number: |
+886-5-221-9180 |
|
Fax Number: |
Notes:
The exact name and address are as
above.
|
Credit Opinion: |
|
|
Risk Analysis: |
Average creditworthiness |
|
Registered Name: |
Taiwan Wax Company Ltd. |
|
Registered Address: |
1, Chung Cheng Road, Minhsiung Industrial
Park, Chiayi Hsien, Taiwan, R.O.C. |
|
Date of Foundation: |
1987-8-13 |
|
Registration Number: |
22625269 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs,
R.O.C. |
|
Registered Capital: |
NTD 2,000,000,000 (USD 66,200,000) (As of 2014.5, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 646,905,240 (USD 21,412,563) |
|
Legal Representatives: |
Zhisheng Jiao |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
About 66 Employees |
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated with the registered number 22625269 as Joint Stock Company in Taiwan.
Subject listed on Taiwan stock exchange on 2004-5-14.
Awards
|
Year |
Awards |
|
2008 |
Blue chip importer and exporter |
|
2009 |
Blue chip importer and exporter |
|
2010 |
Blue chip importer and exporter |
Standard of Blue chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
Name |
Subscription
Shares |
|
Yusheng Development Co., Ltd (Liberal
Translation) |
765,916 |
|
Yongxiang Zhang |
13,440 |
|
Taiwan Styrene Monomer Corp (Yes; (Public,
TPE: 1310). |
28,747,200 |
|
Yung Fu Co., Ltd |
128,000 |
|
Yiling Wang |
79,479 |
|
Yujie Investment Co., Ltd (Literal Translation) |
700,000 |
The information above is that of subject’s major shareholders.
Shareholder
Information:
|
1 |
|
|
Registered Name: |
Yusheng Development Co., Ltd (Liberal Translation) |
|
Registered Address: |
8F.-1, No.6, Sec. 1, Roosevelt Rd.,
Zhongzheng Dist., Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
2001-8-20 |
|
Registration Number: |
70815844 |
|
Registry: |
Department of Commerce,
Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 1,039,912,300 (USD 34,421,097) (As of 2014.5, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 1,039,912,300 (USD 34,421,097) |
|
Legal Representatives: |
Guoxun Li |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-8-20 |
|
2 |
|
|
Registered Name: |
Taiwan Styrene Monomer Corp. |
|
Registered Address: |
8F.-1, No.6, Sec. 1, Roosevelt Rd.,
Zhongzheng Dist., Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1979-11-16 |
|
Registration Number: |
20844865 |
|
Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
|
Registered Capital: |
NTD 6,750,000,000 (USD 217,467,000) (As of 2014.5, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 5,027,331,090 (USD 166,404,659) |
|
Legal Representatives: |
Wenyuan Lin |
|
Legal Form: |
Joint Stock Company |
|
Principal Activities: |
Yes; (Public, TPE: 1742) |
|
Staff: |
About 190 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-11-29 |
|
3 |
|
|
Registered Name: |
Zung-Fu Co., Ltd. |
|
Registered Address: |
8F.-1, No.6, Sec. 1, Roosevelt Rd.,
Zhongzheng Dist., Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1982-5-11 |
|
Registration Number: |
30974465 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 439,000,000 (USD 14,530,900) (As of 2014.5, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 250,000,000 (USD 8,275,000) |
|
Legal Representatives: |
Tianrui Zhou |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-3-27 |
|
4 |
|
|
Registered Name: |
Yujie Investment Co., Ltd (Literal Translation) |
|
Registered Address: |
9F., No.2, Sec. 2, Jinshan S. Rd., Da'an Dist.,
Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
2001-8-2 |
|
Registration Number: |
70814015 |
|
Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
|
Registered Capital: |
NTD 1,000,000,000 (USD 33,100,000) (As of 2014.5, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 515,000,000 (USD 16,715,500) |
|
Legal Representatives: |
Zhiyao Sun |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-5-9 |
Factory
|
Address: |
1, Chung Cheng Road, Minhsiung Industrial Park, Chiayi Hsien, Taiwan,
R.O.C. |
|
Date of Foundation: |
1986-7-4 |
|
Date of Registration: |
1986-7-10 |
|
Factory Registration Number: |
99654797 |
|
Factory Manager: |
Zhisheng Jiao |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2011-7-27 |
|
Major Products: |
170 Petroleum and coal products |
Core Management
Directors
|
1 |
|
|
Name |
Zhisheng Jiao |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Yongxiang Zhang |
|
Position |
Deputy Chairman |
|
3 |
|
|
Name |
Zhengyuan Liu |
|
Position |
Director |
|
4 |
|
|
Name |
Jiaping Su |
|
Position |
Director |
|
5 |
|
|
Name |
Zhiping Fan |
|
Position |
Director |
|
6 |
|
|
Name |
Shaoqi Wu |
|
Position |
Director |
|
7 |
|
|
Name |
Junhui Guo |
|
Position |
Independent Director |
|
8 |
|
|
Name |
Yiling Jiang |
|
Position |
Independent Director |
|
9 |
|
|
Name |
Xiangding Zeng |
|
Position |
Supervisor |
|
10 |
|
|
Name |
Lirong Huang |
|
Position |
Supervisor |
|
11 |
|
|
Name |
Shengchen Li |
|
Position |
Supervisor |
|
12 |
|
|
Name |
Mingde Chen |
|
Position |
Manager |
|
Date of Appointment |
2013-3-1 |
Personnel Structure
|
Total Employees |
About 66 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
1, Chung Cheng Road, Minhsiung Industrial
Park, Chiayi Hsien, Taiwan, R.O.C. |
Production
Information
l
Subject is a manufacturer of wax products and etc.
l
It is introduced that
subject has a plant in Taiwan for production.
l
It is introduced that
subject has obtained ISO 14001: 2004, ISO 9001 and etc certifications.
l
It is introduced that subject’s annual production
of paraffin wax fully refined and ceresine wax is about 25,000 tons per year.
Purchase
Information
· The registered activities of subject:
|
Business Code |
Details |
|
C802990 |
Manufacturing of other chemical products. |
|
C803990 |
Manufacturing of other petroleum and coal
products |
|
F401010 |
International trading business. |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
· The raw material and etc for production are mostly purchased both at home and abroad.
l
The subject is mainly engaged in sales of wax
products and etc.
l
It is introduced that subject’s major products are
paraffin wax fully refined, ceresine wax, soft waxes and hard waxes, vaseline
materials and formulated waxes and related chemical products for the
manufacturing of wax, etc.
l
It is introduced subject’s selling territory
includes Asia, America, Europe and etc.
l
It is introduced that subject’s major customers are
manufacturers of dyes, stationery, machinery, electrical and electronic
products, textiles industry, printing industry, agriculture, construction
industry and etc.
l
It is introduced that subject’s products are
applied to manufacturing of cosmetics, papers, print items and etc, the storage
and sealing of fruits, electrical cables, metal items, water-proof of
constructions and etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Product |
Payment Terms |
Proportion |
|
Raw materials, etc |
COD, CBD, etc |
100% |
Foreign Purchase
|
Product |
Payment Terms |
Proportion |
|
Raw materials, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Product |
Sales Terms |
Proportion |
|
Waxes, etc |
COD, CBD, etc |
100% |
Export
|
Product |
Sales Terms |
Proportion |
|
Waxes, etc |
CBD, etc |
100% |
Unit:
NTD/000
|
Date |
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash And Cash Equivalents |
73,295.00 |
26,151.00 |
|
Changes
in the fair value of the financial liability on profit and loss-flow |
2,032.00 |
1,844.00 |
|
Notes
receivable - net |
6,425.00 |
6,481.00 |
|
Accounts
receivable - net |
149,985.00 |
109,156.00 |
|
Other
receivables |
15,751.00 |
7,538.00 |
|
Inventories |
323,685.00 |
371,754.00 |
|
Prepayments |
24,681.00 |
35,410.00 |
|
Current
assets |
595,854.00 |
558,334.00 |
|
Funds
and Investments |
|
|
|
Available-for-sale
financial assets - non current |
1,200.00 |
2,200.00 |
|
Equity
investments under equity method |
179,312.00 |
184,392.00 |
|
Investments |
179,312.00 |
184,392.00 |
|
Funds
and long-term investments |
180,512.00 |
186,592.00 |
|
Fixed
Assets |
|
|
|
Cost |
|
|
|
Land |
110,227.00 |
110,227.00 |
|
Buildings
and structures |
63,031.00 |
63,031.00 |
|
Machinery
and equipment |
856,234.00 |
844,208.00 |
|
Transportation
facilities |
1,571.00 |
1,571.00 |
|
Other
facilities |
12,065.00 |
11,635.00 |
|
Revaluation
increment |
218,948.00 |
218,948.00 |
|
Cost
and revaluation increment |
1,262,076.00 |
1,249,620.00 |
|
Accumulated
depreciation |
-816,361.00 |
-792,919.00 |
|
Construction
in process and prepayment for equipments |
6,850.00 |
15,062.00 |
|
Fixed
assets |
452,565.00 |
471,763.00 |
|
Intangible
Assets |
|
|
|
OtherAssets |
|
|
|
Guarantee
deposits paid |
7,276.00 |
7,276.00 |
|
Deferred
charges |
6,686.00 |
8,299.00 |
|
Other
assets |
13,962.00 |
15,575.00 |
|
Assets |
1,242,893.00 |
1,232,264.00 |
|
Liabilities
and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current
Liabilities |
|
|
|
Short-term
borrowing |
270,000.00 |
250,000.00 |
|
Financial
liabilities at fair value through profit or loss-current |
144.00 |
0.00 |
|
Notes
payable |
0.00 |
0.00 |
|
Accounts
payable |
5,987.00 |
5,867.00 |
|
Income
tax payable |
0.00 |
129.00 |
|
Accrued
expenses |
15,617.00 |
22,786.00 |
|
Other
payables |
0.00 |
1,365.00 |
|
Advance
payment |
120.00 |
2,593.00 |
|
Long-Term
Liabilities -Current Portion |
20,000.00 |
0.00 |
|
Other
current liabilities |
559.00 |
549.00 |
|
Current
liabilities |
312,427.00 |
283,289.00 |
|
Other
current liabilities |
|
|
|
Current
liabilities |
30,000.00 |
0.00 |
|
Long-term
liabilities |
30,000.00 |
0.00 |
|
Reserves |
|
|
|
Reserve
for land revaluation increment tax |
42,015.00 |
42,015.00 |
|
Reserves |
42,015.00 |
42,015.00 |
|
Other
Liabilities |
|
|
|
Pension
reserve / accrued pension liability |
9,374.00 |
16,417.00 |
|
Equity
investment and Credit remaining recognized under equity method |
0.00 |
53,083.00 |
|
Other
liabilities |
9,374.00 |
69,500.00 |
|
Liabilities |
393,816.00 |
394,804.00 |
|
Stockholders'
Equity |
|
|
|
Capital |
|
|
|
Common
stock |
646,906.00 |
646,906.00 |
|
Capital
Surplus |
|
|
|
Capital
surplus - long-term investments |
489.00 |
1,091.00 |
|
Capital
surplus |
489.00 |
1,091.00 |
|
Retained
Earnings |
|
|
|
Legal
reserve |
10,066.00 |
92,985.00 |
|
Special
reserve |
738.00 |
0.00 |
|
Unappropriated
retained earnings |
14,738.00 |
-82,919.00 |
|
Retained
earnings |
25,542.00 |
10,066.00 |
|
Stockholders'
Equity and Other adjustmen |
|
|
|
Cumulative
translation adjustments |
-41.00 |
3,205.00 |
|
Unrealized
gain or loss on financial instrument |
-766.00 |
-755.00 |
|
Unrealized
Revaluation Increment |
176,947.00 |
176,947.00 |
|
Equity
adjustments |
176,140.00 |
179,397.00 |
|
Stockholders‘
equity |
849,077.00 (USD
28,104,448.70) |
837,460.00 (USD 27,719,926.00) |
|
Number
of treasury stock acquired by the company and subsidiaries (unit: share) |
0.00 |
0.00 |
|
|
0.00 |
0.00 |
(As of 2014.5, 1 NTD = 0.0331 USD)
Unit:
NTD/000
|
Date |
2012 |
2011 |
|
Sales |
1,195,791.00 （USD 39,580,682.10） |
1,560,656.00 (USD 51,657,713.60) |
|
Sales
return |
75.00 |
0.00 |
|
Sales
discounts and allowances |
0.00 |
0.00 |
|
Sales |
1,195,716.00 |
1,560,656.00 |
|
Operating
income |
1,195,716.00 |
1,560,656.00 |
|
Cost
of sales |
1,160,645.00 |
1,379,594.00 |
|
Operating
costs |
1,160,645.00 |
1,379,594.00 |
|
Cost
of sales |
35,071.00 |
181,062.00 |
|
Operating
costs |
44,601.00 |
50,712.00 |
|
General
and administrative expenses |
37,857.00 |
46,607.00 |
|
Research
and development expenses |
5,407.00 |
7,592.00 |
|
Operating
expenses |
87,865.00 |
104,911.00 |
|
Operating
net income (loss) |
-52,794.00 |
76,151.00 |
|
Non-Operating
Income |
|
|
|
Interest
income |
434.00 |
833.00 |
|
Gains
on disposal of investment |
77,233.00 |
0.00 |
|
Foreign
exchange gains |
0.00 |
2,158.00 |
|
Financial
assets evaluation |
0.00 |
0.00 |
|
Miscellaneous
income |
339.00 |
501.00 |
|
Non-operating
revenues and gains |
78,006.00 |
3,492.00 |
|
Non-Operating
Expenses and Loss |
|
|
|
Interest
expense |
5,301.00 |
4,028.00 |
|
Investment
loss recognized under equity method |
1,166.00 |
37,665.00 |
|
Investment
Loss |
1,166.00 |
37,665.00 |
|
Loss
On Exchange |
2,052.00 |
0.00 |
|
Impairment
loss |
1,000.00 |
13,957.00 |
|
Miscellaneous
Disbursements |
144.00 |
2,176.00 |
|
Non-operating
expenses and losses |
9,663.00 |
57,826.00 |
|
Income
from continuing operations before income tax |
15,549.00 |
21,817.00 |
|
Income
tax expense (benefit) |
73.00 |
3,242.00 |
|
Income
from continuing operations |
15,476.00 |
18,575.00 |
|
Net
income (loss) |
15,476.00 |
18,575.00 |
|
Primary
Earnings per Share |
|
|
|
Primary
earnings per share |
0.24 |
0.29 |
|
Diluted
earnings per share |
|
|
|
Diluted
earnings per share |
0.24 |
0.29 |
(As of 2014.5, 1 NTD = 0.0331 USD)
|
Date |
2012 |
2011 |
|
|
|
|
|
15,476.00 |
18,575.00 |
|
|
Adjustment item |
|
|
|
23,449.00 |
22,211.00 |
|
|
1,613.00 |
2,820.00 |
|
|
Loss (Gain) on Decline (Recovery) in
Market Value, Scrap and Obsolescence of Inventories |
28,848.00 |
6,020.00 |
|
1,166.00 |
37,665.00 |
|
|
Loss (Gain) on Disposal of long term equity
investment under under Equity Method |
-77,162.00 |
0.00 |
|
Loss (Gain) on Unrealized evaluation of financial
asset and liabilities |
-44.00 |
2,176.00 |
|
Impairment Losses on Financial Asset |
1,000.00 |
13,957.00 |
|
Other adjustment |
-123.00 |
0.00 |
|
|
|
|
|
56.00 |
29,748.00 |
|
|
-40,829.00 |
28,155.00 |
|
|
-8,212.00 |
18,390.00 |
|
|
19,221.00 |
-32,965.00 |
|
|
Decrease (Increase) in prepayments |
10,729.00 |
2,601.00 |
|
Increase (Decrease) in Notes Payable |
0.00 |
0.00 |
|
121.00 |
-2,769.00 |
|
|
Increase (Decrease) in Income Tax Payable |
-129.00 |
-36,998.00 |
|
-7,169.00 |
-4,313.00 |
|
|
Increase (Decrease) in Other payables |
-65.00 |
-5,529.00 |
|
Increase (Decrease) in advance receipts |
-2,474.00 |
-3,464.00 |
|
9.00 |
-34.00 |
|
|
-7,042.00 |
321.00 |
|
|
-41,561.00 |
96,567.00 |
|
|
|
|
|
|
Maturing debt of Financial asset in hand To maturity |
25,000.00 |
25,000.00 |
|
Proceeds from Disposal of Financial Assets for the cost. |
0.00 |
0.00 |
|
Increase of long term equity investment under equity method |
-747.00 |
-124,261.00 |
|
Disposal of long term equity investment under equity method |
2.00 |
0.00 |
|
Purchase of Property, Plant and Equipment |
-5,550.00 |
-14,945.00 |
|
Proceeds from Disposal of Property, Plant and Equipment |
0.00 |
0.00 |
|
Increase (Decrease) in refundable deposits |
0.00 |
0.00 |
|
Increase in Deferred Charges |
0.00 |
-293.00 |
|
Net Cash Provided by (Used in) Investing Activities |
18,705.00 |
-114,499.00 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
20,000.00 |
10,000.00 |
|
Long term borrowings |
50,000.00 |
0.00 |
|
Cash dividends |
0.00 |
-10,108.00 |
|
Net Cash Provided by (Used in) Financing Activities |
70,000.00 |
-108.00 |
|
Net Increase (Decrease) in Cash and Cash
Equivalents |
47,144.00 |
-18,040.00 |
|
Cash and Cash Equivalents, Beginning of
year |
26,151.00 |
44,191.00 |
|
Cash and Cash Equivalents, End of year |
73,295.00 |
26,151.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid- Excluding Capitalized Interest |
5,244.00 |
3,941.00 |
|
256.00 |
40,240.00 |
|
|
Investing Activities Not Affecting Both
Cash And Non-Cash Items |
|
|
|
Long-Term Liabilities -Current Portion |
20,000.00 |
0.00 |
|
Investing Activities Affecting Both Cash
and Non-cash Items |
|
|
|
Cash Paid for Acquisition of Property, Plant and Equipment |
|
|
|
Increase in Property, Plant and Equipment |
4,250.00 |
16,245.00 |
|
Increase (Decrease) in Payable for Equipment
Purchased |
1,300.00 |
-1,300.00 |
|
Cash Paid for Acquisition of Property, Plant and
Equipment |
5,550.00 |
14,945.00 |
|
Other supplementary information |
|
|
|
Increase of long term equity investment under equity method |
747.00 |
124,261.00 |
|
Purchasing cash of long term equity investment |
747.00 |
55,639.00 |
|
Increase (Decrease) in notes payable |
0.00 |
67,394.00 |
|
Increase (Decrease) in accrued expenses |
0.00 |
1,105.00 |
|
Increase (Decrease) in other current liabilities |
0.00 |
123.00 |
|
Cash payment |
747.00 |
124,261.00 |
Subject declined to disclose its bank details; from other source we cannot obtain the relevant information, either.
Mortgage
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
041401 |
|
Debtor Name: |
Taiwan Wax Company Ltd. |
|
Document Number: |
474486 |
|
Date of Registration: |
1992-12-15 |
|
Status: |
Paid off |
Lawsuit
Up to date of reporting, no existing or latent litigation of the subject has been found.
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 58.77 |
|
|
1 |
Rs. 99.01 |
|
Euro |
1 |
Rs. 80.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
KRN |
|
|
|
|
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.