|
Report Date : |
02.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
BIG SUN ENERGY TECHNOLOGY INC. |
|
|
|
|
Registered Office : |
No.458-9, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
19.05.2006 |
|
|
|
|
Com. Reg. No.: |
28318416 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of solar cell
|
|
|
|
|
No. of Employees |
About 400 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. 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.458-9,
Sinsing Rd., Hukou Township, Hsinchu County 303, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-3-598-0288 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as above.
Subject was incorporated on
2006-5-19 with registered number 28318416 as Joint Stock Company in Taiwan.
Subject listed on Taiwan stock exchange on
2010-3-18.
Factories
|
1 |
|
|
Name: |
Zhongke Branch |
|
Address: |
No. 36, Houke S. Rd., Houli Dist., Taichung City 421, 42152, Taiwan
(R.O.C.) |
|
Date of Registration: |
2011-6-29 |
|
Factory Registration Number: |
93A00150 |
|
Factory Manager: |
Jiaqing Luo |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2012-12-6 |
|
Major Products: |
264 Optoelectronic materials and components |
|
2 |
|
|
Address: |
No.458-9, Sinsing Rd., Hukou Township,
Hsinchu County 303, Taiwan (R.O.C.) |
|
Date of Registration: |
2007-5-25 |
|
Factory Registration Number: |
99700401 |
|
Factory Manager: |
Jiaqing Luo |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2007-5-25 |
|
Major Products: |
264 Optoelectronic materials and components 282 Batteries |
Branches
|
Name |
Zhongke Branch |
|
Registration Number |
29182681 |
|
Address |
No. 36, Houke S. Rd., Houli Dist., Taichung City
421, 42152, Taiwan (R.O.C.) |
|
Date of Registration |
2011-2-14 |
|
Status |
Live Company |
|
Manager Name |
Jiaqing Luo |
|
Date of Last Annual Return |
2012-11-30 |
|
Telephone Number: |
+886-4-2557-7699 |
|
+886-4-2557-7136 |
Major Shareholders
|
Name |
Subscription Shares |
|
Jiaqing Luo |
10,302,513 |
|
Qinxian Zhu |
931,000 |
|
Shangyuan Development Investment Co., Ltd (Liberated Translation) |
933,944 |
|
Sun Creation Investment Co, Ltd (Liberated Translation) |
580,481 |
|
Yaomin Lin |
228,257 |
|
Wensheng Xiao |
993,937 |
|
Yuanzhen Peng |
673,139 |
|
Yuhe Chen |
440,116 |
|
Mifu Zou |
221,558 |
|
Quancai Huang |
527,665 |
|
Maoyuan He |
464,385 |
Shareholder Information:
|
1 |
|
|
Registered Name: |
Shangyuan Development Investment Co., Ltd (Liberated Translation) |
|
Registered Address: |
3F., No.123, Ziqiang S. Rd., Zhubei City,
Hsinchu County, Taiwan (R.O.C.) |
|
Date of Foundation: |
2008-8-29 |
|
Registration Number: |
24226176 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
NTD 10,000,000 (USD 331,000) (As of 2014.08, 1 NTD = 0.0331 USD) |
|
Legal Representatives: |
Yuzhen Luo |
|
Legal Form: |
Private Limited Liability Company |
|
Date of Last Annual Return: |
2010-1-19 |
|
2 |
|
|
Registered Name: |
Sun Creation Investment Co, Ltd (Liberated Translation) |
|
Registered Address: |
3F., No.123, Ziqiang S. Rd., Zhubei City,
Hsinchu County, Taiwan (R.O.C.) |
|
Date of Foundation: |
2011-3-1 |
|
Registration Number: |
53360051 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
NTD 29,900,000 (USD 989,690) (As of 2014.08, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 29,900,000 (USD 989,690) |
|
Legal Representatives: |
Jiaqing Luo |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
-- |
Core Management
Directors
|
1 |
|
|
Name |
Jiaqing Luo |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Qinxian Zhu |
|
Position |
Director |
|
3 |
|
|
Name |
Shangyuan Development Investment Co., Ltd (Liberated Translation) |
|
Position |
Director |
|
4 |
|
|
Name |
Sun Creation Investment Co, Ltd (Liberated Translation) |
|
Position |
Director |
|
5 |
|
|
Name |
Yaomin Lin |
|
Position |
Director |
|
6 |
|
|
Name |
Wensheng Xiao |
|
Position |
Director |
|
7 |
|
|
Name |
Yuanzhen Peng |
|
Position |
Director |
|
8 |
|
|
Name |
Yuhe Chen |
|
Position |
Independent Director |
|
9 |
|
|
Name |
Renxi Ni |
|
Position |
Independent Director |
|
10 |
|
|
Name |
Mifu Zou |
|
Position |
Supervisor |
|
11 |
|
|
Name |
Quancai Huang |
|
Position |
Supervisor |
|
12 |
|
|
Name |
Maoyuan He |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 400 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.458-9, Sinsing
Rd., Hukou Township, Hsinchu County 303, Taiwan (R.O.C.) |
Production
Information
Subject is engaged in manufacturing of solar cell and etc.
Subject has two factories in Taichung City, Taiwan for production.
Subject obtained the certifications of ISO 9001:2008, ISO 14000:2008 and
OSHAS 18001.
Purchase
Information
The registered
activities of subject:
|
Business Code |
Details |
|
F113110 |
Wholesales of battery |
|
F213110 |
Retails of battery |
|
F119010 |
Wholesales of electronic materials |
|
F219010 |
Retails of electronic materials |
|
F113010 |
Wholesales of machinery |
|
F213080 |
Retails of machinery and equipment |
|
F113030 |
Wholesales of precision instrument |
|
F213040 |
Retails of precision instrument |
|
F401010 |
International trading business. |
|
IG03010 |
Serving of energy technologies |
|
CC01090 |
Manufacturing of battery |
|
CC01010 |
Manufacturing of machinery for electricity generation, electricity transmission
and electricity distribution |
|
CC01080 |
Manufacturing of electronic components. |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
It is introduced that subject purchases its components and etc both at
home and abroad.
The subject is mainly engaged in sales of solar cell and etc.
Subject’s major products include Mono-Crystalline Silicon, Multi-Crystalline
Silicon, iPV Solar Tracker and etc.
It is introduced that subject’s selling territory is in Germany, Italy,
USA, Japan and etc.
It is introduced that subject’s major customers are manufacturers of
products for new energy.
It is introduced that subject’s product are applied to lighting
equipment and etc.
It is introduced that subject also provide OEM services.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components and etc |
|
Payment Terms |
Cash and T/T, etc |
Import
|
Products |
Components and etc |
|
Payment Terms |
L/C and T/T, etc |
Sales
Domestic Markets
|
Product |
Solar cell and etc. |
|
Selling Terms |
Cash and T/T, etc |
Export
|
Product |
Solar cell and etc. |
|
Selling Terms |
L/C and T/T, etc |
Unit: NTD/000
|
Date |
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and
cash equivalents |
220,133.00 |
335,626.00 |
|
Accounts
receivable - net |
80,000.00 |
53,988.00 |
|
Accounts
receivable - related parties - net |
89,218.00 |
55,342.00 |
|
Other
receivables |
426.00 |
401.00 |
|
Inventories |
137,913.00 |
138,604.00 |
|
Prepayments |
48,744.00 |
90,357.00 |
|
Other
current assets |
174,955.00 |
245,331.00 |
|
Current
assets |
751,389.00 |
919,649.00 |
|
Funds and Investments |
|
|
|
Equity
investments under equity method |
48,916.00 |
64,211.00 |
|
Investments |
48,916.00 |
64,211.00 |
|
Funds
and investments |
48,916.00 |
64,211.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Buildings
and structures |
754,923.00 |
492,288.00 |
|
Machinery
and equipment |
1,493,765.00 |
1,384,148.00 |
|
Transportation
equipment |
1,023.00 |
1,023.00 |
|
Transportation
equipment |
32,203.00 |
25,541.00 |
|
Leased
Assets |
80,682.00 |
0.00 |
|
Leashelod Improvements |
225.00 |
225.00 |
|
Other
facilities |
95,141.00 |
89,064.00 |
|
Revaluation
increment |
0.00 |
0.00 |
|
Cost and
revaluation increment |
2,457,962.00 |
1,992,289.00 |
|
Accumulated
depreciation |
-749,299.00 |
-521,695.00 |
|
Accumulated
impairment – fixed assets |
-10,302.00 |
-10,302.00 |
|
Construction
in process and prepayment for equipments |
2,813.00 |
332,948.00 |
|
Fixed
assets |
1,701,174.00 |
1,793,240.00 |
|
Intangible
Assets |
|
|
|
Computer
software cost |
6,189.00 |
8,324.00 |
|
Intangible
assets |
6,189.00 |
8,324.00 |
|
Other Assets |
|
|
|
Dormant
Assets |
2,327.00 |
2,961.00 |
|
Guarantee deposits
paid |
19,851.00 |
6,101.00 |
|
Deferred
charges |
2,549.00 |
3,432.00 |
|
Deferred
income tax assets - non current |
14,856.00 |
6,359.00 |
|
Other
assets- others |
164,562.00 |
266,764.00 |
|
Other
assets |
204,145.00 |
285,617.00 |
|
Assets |
2,711,813.00 |
3,071,041.00 |
|
Assets (USD) |
89,761,010.30 |
101,651,457.10 |
|
Liabilities and
Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term
borrowing |
391,374.00 |
377,984.00 |
|
Notes
Payable |
164.00 |
41,795.00 |
|
Accounts
payable |
153,980.00 |
102,360.00 |
|
Accrued
expenses |
64,278.00 |
42,822.00 |
|
Other payables
- related parties |
639.00 |
19,660.00 |
|
Other
payables |
6,053.00 |
9,397.00 |
|
Payment in
advance |
1,472.00 |
54,941.00 |
|
Long-Term Liabilities
-Current Portion |
255,563.00 |
159,567.00 |
|
Other current
liabilities |
805.00 |
710.00 |
|
Current
liabilities |
874,328.00 |
809,236.00 |
|
Long term Liabilities |
|
|
|
Long-term
borrowings |
303,975.00 |
425,833.00 |
|
Long-term
notes and accounts payable |
3,122.00 |
0.00 |
|
Long-term
borrowings |
307,097.00 |
425,833.00 |
|
Reserves |
|
|
|
Other Liabilities |
|
|
|
Other
Liabilities-others |
288.00 |
0.00 |
|
Other
liabilities |
288.00 |
0.00 |
|
Liabilities |
1,181,713.00 |
1,235,069.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common
stock |
1,568,196.00 |
1,568,196.00 |
|
Advance
receipts for common stock |
0.00 |
0.00 |
|
Capital Surplus |
|
|
|
Capital surplus
- additional paid-in capital |
554,292.00 |
554,292.00 |
|
Capital
surplus - long-term equity investments |
243.00 |
5.00 |
|
Capital
surplus - employee stock option |
8,270.00 |
8,270.00 |
|
Capital
surplus |
562,805.00 |
562,567.00 |
|
Retained Earnings |
|
|
|
Legal
reserve |
9,169.00 |
9,169.00 |
|
Unappropriated
retained earnings |
-608,573.00 |
-303,555.00 |
|
Retained
earnings |
-599,404.00 |
-294,386.00 |
|
Stockholders' Equity
and Other adjustmen |
|
|
|
Cumulative
translation adjustments |
-1,497.00 |
-405.00 |
|
|
0.00 |
0.00 |
|
Equity
adjustments |
-1,497.00 |
-405.00 |
|
Stockholders‘
equity |
1,530,100.00 |
1,835,972.00 |
|
Stockholders‘ equity (USD) |
50,646,310.00 |
60,770,673.20 |
|
Number of
treasury stock acquired by the company and subsidiaries (unit: share) |
0.00 |
0.00 |
|
|
0.00 |
0.00 |
(As of 2014.08, 1 NTD = 0.0331 USD)
Unit: NTD/000
|
Date |
2012 |
2011 |
|
Sales |
2,121,037.00 |
3,338,940.00 |
|
Sales (USD) |
70,206,324.70 |
110,518,914.00 |
|
Sales
return |
7,658.00 |
98,316.00 |
|
Sales discounts
and allowances |
20,452.00 |
3,228.00 |
|
Sales |
2,092,927.00 |
3,237,396.00 |
|
Operating
income |
2,092,927.00 |
3,237,396.00 |
|
Cost
of sales |
2,188,253.00 |
3,252,177.00 |
|
Operating
costs |
2,188,253.00 |
3,252,177.00 |
|
Gross profit (loss)
from operations |
-95,326.00 |
-14,781.00 |
|
Unrealized gain from
inter-affiliate accounts |
-2,413.00 |
-2,514.00 |
|
Realized
gain from inter-affiliate accounts |
-2,514.00 |
0.00 |
|
Selling
expense |
41,860.00 |
42,399.00 |
|
General and
administrative expenses |
78,900.00 |
115,315.00 |
|
Research and
development expenses |
32,369.00 |
38,879.00 |
|
Operating
expenses |
153,129.00 |
196,593.00 |
|
Operating income
(loss) |
-248,556.00 |
-208,860.00 |
|
Non-Operating Income |
|
|
|
Interest
income |
764.00 |
1,668.00 |
|
Gains
on disposal of fixed assets |
0.00 |
0.00 |
|
Foreign
exchange gains |
2,092.00 |
3,186.00 |
|
Rental
Income |
588.00 |
222.00 |
|
Financial
assets evaluation |
0.00 |
0.00 |
|
Miscellaneous
income |
5,426.00 |
12,650.00 |
|
Non-operating
revenues and gains |
8,870.00 |
17,726.00 |
|
Non-Operating
Expenses |
|
|
|
Interest
expense |
25,320.00 |
10,301.00 |
|
Investment
Loss |
34,441.00 |
46,460.00 |
|
Fixed assets
loss |
0.00 |
0.00 |
|
Foreign
exchange loss |
0.00 |
0.00 |
|
Impairment
loss |
0.00 |
0.00 |
|
Financial
liability loss evaluation |
0.00 |
0.00 |
|
Miscellaneous
disbursements |
5,571.00 |
3,133.00 |
|
Non-operating
expenses and losses |
65,332.00 |
59,894.00 |
|
Income from
continuing operations before income tax |
-305,018.00 |
-251,028.00 |
|
Income tax
expense (benefit) |
0.00 |
52,674.00 |
|
Income from
continuing operations |
-305,018.00 |
-303,702.00 |
|
Net
income (loss) |
-305,018.00 |
-303,702.00 |
|
Net income (loss) (USD) |
-10,096,095.80 |
-10,052,536.20 |
|
Primary Earnings per Share |
|
|
|
Primary earnings
per share |
-1.95 |
-1.94 |
|
Diluted earnings per
share |
|
|
|
Diluted
earnings per share |
-1.95 |
-1.94 |
(As of 2014.08, 1 NTD = 0.0331 USD)
Unit: NTD/000
|
Date |
2012 |
2011 |
|
|
|
|
|
-305,018.00 |
-303,702.00 |
|
|
Adjustments to Reconcile Net Income to Net Cash
Provided by (Used in) Operating Activities |
|
|
|
232,280.00 |
169,344.00 |
|
|
5,282.00 |
11,319.00 |
|
|
3,402.00 |
0.00 |
|
|
Share-based
Compensation |
0.00 |
0.00 |
|
Loss (Gain) on Decline (Recovery) in Market Value, Scrap and Obsolescence
of Inventories |
-49,010.00 |
55,786.00 |
|
34,441.00 |
46,460.00 |
|
|
Fixed assets
transfer charge |
201.00 |
4,527.00 |
|
Impairment
Losses on Non Financial Asset |
0.00 |
1,049.00 |
|
Changes in
Operating Assets and Liabilities |
|
|
|
Decrease
(Increase) in Notes Receivable |
0.00 |
5,450.00 |
|
Decrease
(Increase) in Accounts Receivable |
-29,414.00 |
106,422.00 |
|
Decrease (Increase)
in Accounts Receivable - Related Parties |
-33,876.00 |
-43,847.00 |
|
Decrease
(Increase) in Other Receivables |
-25.00 |
-284.00 |
|
Decrease
(Increase) in Inventories |
151,654.00 |
52,263.00 |
|
Decrease (Increase)
in prepayments |
41,613.00 |
1,388.00 |
|
Decrease
(Increase) in deferred income tax assets |
-36.00 |
52,707.00 |
|
Decrease
(Increase) in deferred debits |
101.00 |
-2,514.00 |
|
Decrease
(Increase) in other operating assets |
10,982.00 |
5,900.00 |
|
Decrease
(Increase) in Notes Payable |
-41,631.00 |
-5,726.00 |
|
Increase
(Decrease) in Accounts Payable |
51,620.00 |
-90,650.00 |
|
Increase
(Decrease) in Accrued Expenses |
21,456.00 |
-31,994.00 |
|
Increase
(Decrease) in Other Payable - Related Parties |
9.00 |
0.00 |
|
Increase
(Decrease) in account collected in advance |
-53,469.00 |
-69,188.00 |
|
95.00 |
124.00 |
|
|
Increase (Decrease) in Other Current Liabilities |
40,657.00 |
-35,166.00 |
|
|
|
|
|
Acquisition of
Investments Accounted for by Equity Method |
-20,000.00 |
-75,000.00 |
|
Purchase of Property,
Plant and Equipment |
-163,223.00 |
-805,767.00 |
|
Proceeds from
Disposal of Property, Plant and Equipment |
0.00 |
209.00 |
|
Decrease
(Increase) in Refundable Deposits |
-13,750.00 |
-708.00 |
|
Increase in
Deferred Charges |
-1,196.00 |
-11,184.00 |
|
Increase
(Decrease) in Restricted Assets |
59,243.00 |
51,036.00 |
|
Purchase of
Intangible Assets |
0.00 |
0.00 |
|
Increase
(Decrease) in other assets |
-7,874.00 |
0.00 |
|
Net Cash
Provided by (Used in) Investing Activities |
-146,800.00 |
-841,414.00 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term borrowings |
13,390.00 |
24,795.00 |
|
Proceeds from
Long-term Debt |
-22,740.00 |
585,400.00 |
|
Increment of
cash |
0.00 |
0.00 |
|
Exercise of
Employee Stock Options |
0.00 |
300.00 |
|
Cost of storage
stock for returning |
0.00 |
0.00 |
|
Exercise of
Employee for storage stock |
0.00 |
3,882.00 |
|
Net Cash
Provided by (Used in) Financing Activities |
-9,350.00 |
614,377.00 |
|
Exchange Influence |
0.00 |
0.00 |
|
Net Increase (Decrease) in Cash and Cash Equivalents |
-115,493.00 |
-262,203.00 |
|
Cash and Cash Equivalents, Beginning of year |
335,626.00 |
597,829.00 |
|
Cash and Cash Equivalents, End of year |
220,133.00 |
335,626.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid-
Excluding Capitalized Interest |
24,700.00 |
10,301.00 |
|
0.00 |
0.00 |
|
|
Investing Activities Non-Affecting Both Cash and Non-cash Items |
|
|
|
Long-term
liabilities due within one year |
255,563.00 |
0.00 |
|
Transfer surplus
capital increase |
0.00 |
217,426.00 |
|
cumulative
translation adjustment |
-1,092.00 |
-87.00 |
|
Investing Activities Affecting Both Cash and Non-cash Items |
|
|
|
Cash Paid for
Acquisition of Property, Plant and Equipment |
|
|
|
Increase in
Property, Plant and Equipment |
140,849.00 |
822,689.00 |
|
Increase
(Decrease) in Payable for Equipment Purchased |
22,374.00 |
-16,922.00 |
|
Cash Paid for Acquisition
of Property, Plant and Equipment |
163,223.00 |
805,767.00 |
Note: The subject declined to offer the
financial information for us, and we offered the subject’s financial figures of
2011 and 2012 obtained from public files for references.
|
Name |
The Chang Hwa Commercial Bank, Ltd |
Mortgage
|
1 |
|
|
Case Type: |
Chattel Mortgage |
|
Debtor Name: |
Big Sun Energy Technology Inc. |
|
Creditor Name: |
Chailease Finance Co., Ltd., Hsinchu Branch |
|
Document Number: |
10331042110 |
|
Date of Registration: |
2014-7-22 |
|
2 |
|
|
Case Type: |
Chattel Mortgage |
|
File No.: |
107331 |
|
Debtor Name: |
Big Sun Energy Technology Inc. |
|
Document Number: |
10231309390 |
|
Date of Registration: |
2013-2-22 |
|
3 |
|
|
Case Type: |
Conditional Sale |
|
File No.: |
041181 |
|
Debtor Name: |
Big Sun Energy Technology Inc. |
|
Document Number: |
10331006990 |
|
Date of Registration: |
2014-2-6 |
|
4 |
|
|
Case Type: |
Chattel Mortgage |
|
File No.: |
103915 |
|
Debtor Name: |
Big Sun Energy Technology Inc. |
|
Document Number: |
10030344090 |
|
Date of Registration: |
2011-6-2 |
|
Date of Alteration: |
2013-4-22 |
|
5 |
|
|
Case Type: |
Conditional Sale |
|
File No.: |
041218 |
|
Debtor Name: |
Big Sun Energy Technology Inc. |
|
Document Number: |
10331010840 |
|
Date of Registration: |
2014-2-26 |
|
6 |
|
|
Case Type: |
Chattel Mortgage |
|
File No.: |
101052 |
|
Debtor Name: |
Big Sun Energy Technology Inc. |
|
Document Number: |
09930331610 |
|
Date of Registration: |
2010-8-17 |
Lawsuit
|
Trial Number: |
2008, Sheng, 825 |
|
Date of Trial: |
2008-8-28 |
|
Reason: |
Return the escrow thing |
|
Claimant: |
Big Sun Energy Technology Inc. |
|
Defendant: |
Not Stated |
|
2 |
|
|
Trial Number: |
2011, Bu, 93 |
|
Date of Trial: |
2011-2-8 |
|
Reason: |
Return the sale price of gold, etc |
|
Claimant: |
Big Sun Energy Technology Inc. |
|
Defendant: |
Quartz Palitra Ltd. and Zhong Hua Jing Technology
Co., Ltd (Liberal Translation) |
|
3 |
|
|
Trial Number: |
2011, Shengchongsu, 12 |
|
Date of Trial: |
2011-7-1 |
|
Reason: |
Return the sale price of gold, etc |
|
Claimant: |
Big Sun Energy Technology Inc. |
|
Defendant: |
Quartz Palitra Ltd. and Zhong Hua Jing
Technology Co., Ltd (Liberal Translation) |
Interview Details
|
Name |
Ms. Chen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
UK Pound |
1 |
Rs.100.43 |
|
Euro |
1 |
Rs.79.40 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome
financial difficulties seems comparatively below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.