|
Report Date : |
06.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
HU LANE ASSOCIATE INC. |
|
|
|
|
Registered Office : |
No. 68, Huanhe St., Xizhi Dist., New Taipei City 221 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
09.07.1977 |
|
|
|
|
Com. Reg. No.: |
20759430 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and Sales of Connector, Housing, Terminal and Wafer |
|
|
|
|
No of Employees : |
About 330 |
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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. 68, Huanhe St., Xizhi Dist., New Taipei City 221, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2694-0551 |
|
Fax Number: |
|
|
E-mail: |
|
|
Website: |
The exact name and address are as above
|
Registered Name: |
Hu Lane Associate Inc. |
|
Registered Address: |
No. 68, Huanhe St., Xizhi Dist., New Taipei City 221, Taiwan (R.O.C.) |
|
Date of Foundation: |
1977-7-9 |
|
Registration Number: |
20759430 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 1,000,000,000 (USD 33,500,000) (As of 2014,09, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 971,244,050 (USD 33,022,298) |
|
Legal Representatives: |
Zixiong Zhang |
|
Legal Form: |
|
|
Principal Activities: |
Manufacturing and sales of connector, housing, terminal and wafer |
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 1977-7-9 with registered
number 20759430 as Joint Stock Company in Taiwan.
Subject listed on
Taiwan Over-The-Counter Securities Exchange on 2003-11-26.
Change of Name
|
Former Chinese Name: |
胡連工業股份有限公司 |
|
Current Chinese Name: |
胡連精密股份有限公司 |
Factories
|
1 |
|
|
Address: |
No. 68, Huanhe St., Xizhi Dist., New Taipei City 221, Taiwan (R.O.C.) |
|
Date of Foundation: |
1983-8-15 |
|
Date of Registration: |
1983-9-5 |
|
Factory Registration Number: |
99617346 |
|
Factory Manager: |
Zixiong Zhang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2003-3-11 |
|
Major Products: |
283 electric wire and wiring accessories 289 other electrical equipment 293 general machinery 251 metal hand tool and mould |
|
2 |
|
|
Name: |
The 2nd Factory |
|
Address: |
No.26, 28, 30, Lane 393, Fude 1st Road, Xizhi Dist., New Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1988-4-27 |
|
Date of Registration: |
1989-12-12 |
|
Factory Registration Number: |
99601370 |
|
Factory Manager: |
Zixiong Zhang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2010-8-3 |
|
Major Products: |
251 metal hand tool and mould 293 general machinery 283 electric wire and wiring accessories 312 haulage motor and parts 210 rubber products 220 plastic products 303 automobile parts |
|
3 |
|
|
Name: |
The 3rd Factory |
|
Address: |
No.28, Lane 381, Fude 1st Road, Xizhi Dist., New Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1995-5-16 |
|
Date of Registration: |
1995-7-28 |
|
Factory Registration Number: |
99601355 |
|
Factory Manager: |
Zixiong Zhang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2004-10-8 |
|
Major Products: |
220 plastic products 210 rubber products |
|
1 |
|
|
Name |
Hu Lane Electronic (Nanjing) Co., Ltd. |
|
Address |
No.38, Lai-Feng Rd. , Airport Industrial Park , Lokou Town , Jiang-Ning District, Nanjing , Jiangsu , China |
|
Telephone Number |
+86-25-5277-4425 |
|
Fax Number |
+86-25-5277-1366 |
|
Plant Area |
18,686 Square Meters |
|
Staff |
460 Employees |
|
2 |
|
|
Name |
Hu Lane Electronic (Shenzhen) Co., Ltd. |
|
Address |
Blk 4, 2nd New Industrial Area, Shanmen Village, Songgang, Baoan, Shenzhen, China |
|
Telephone Number |
+86-755-231-3286 |
|
Plant Area |
3,300 Square Meters |
|
Staff |
130 Employees |
|
3 |
|
|
Name |
Hu Lane Associate Inc. (Hong Kong) |
|
Address |
Unit28, 20F. Blk B, Wah Lok Ind., Centre 31, Shen Wei St., Fo Tan Shatin N.T., HK |
|
Telephone Number |
|
|
Fax Number |
+852-2687-1576 |
|
|
|
|
Office Area |
90 Square Meters |
|
Staff |
10 Employees |
|
4 |
|
|
Name |
Hu Lane Electronic (Vietnam) Co., Ltd. |
|
Address |
Lot 28,32, Dai An Industrial Zone, Hai Duong, Vietnam |
|
Telephone Number |
+84-03203-555477 |
|
Fax Number |
+84-03203-555476 |
|
Plant Area |
30,000 Square Meters |
|
Staff |
60 Employees |
|
5 |
|
|
Name |
Shenzhen Puguang Trading Limited Company (Literal Translation) |
|
Address |
Shanmen Village, Puan Songgang, Shenzhen City, Guangdong Province, China |
|
Telephone Number |
+86-755-2714-7355 |
|
Fax Number |
+86-755-2771-8343 |
|
Name |
ELMAC, S.R.L. |
|
Address |
Via Giuseppe Ungaretti, 5/7 20030 Senago (Mi), Italy |
|
Telephone Number |
+39-02-9184137 |
|
Fax Number |
+39-02-9180534 |
Major Shareholders
|
Name |
Subscription Shares |
|
Zixiong Zhang |
2,102,550 |
|
Shengqing Hu |
5,634,454 |
|
Bingjun Zhang |
1,458,940 |
|
Shaoru Hu |
2,679,758 |
|
Chunxiang Liu |
4,227,981 |
|
Shiliang Lin |
780,672 |
|
Yimin Zhan |
33,068 |
|
Suntian Lin |
3,726 |
Directors
|
1 |
|
|
Name |
Zixiong Zhang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Shengqing Hu |
|
Position |
Director |
|
3 |
|
|
Name |
Bingjun Zhang |
|
Position |
Director |
|
4 |
|
|
Name |
Shaoru Hu |
|
Position |
Director |
|
5 |
|
|
Name |
Chunxiang Liu |
|
Position |
Director |
|
6 |
|
|
Name |
Yuanli Lin |
|
Position |
Independent Director |
|
7 |
|
|
Name |
Zhanlie Lin |
|
Position |
Independent Director |
|
8 |
|
|
Name |
Shiliang Lin |
|
Position |
Supervisor |
|
9 |
|
|
Name |
Yimin Zhan |
|
Position |
Supervisor |
|
10 |
|
|
Name |
Suntian Lin |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 330 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No. 68, Huanhe St., Xizhi Dist., New Taipei City 221, Taiwan (R.O.C.) |
Production Information
l
The subject is a manufacturer of connector, housing,
terminal and wafer and etc.
l
It is introduced that subject has factories in
Taiwan, mainland China and Vietnam for production.
l
It is introduced that subject’s factories have obtained
ISO 9002: 1994, QS 9000: 1995, QS 9000: 1998, ISO 9001: 2000, ISO/TS 16949:
2002 and ISO 14001: 2004 certifications.
l
It is introduced that
subject can provide OEM and ODM services.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing and sales of electronic components
(terminal) and hardware components |
|
-- |
Sales on domestic and overseas market of
apparels, textiles, handicraft and etc |
|
-- |
Imports, exports and agents of products’ sales,
bidding and marking prices for domestic and overseas factories |
|
CC01080 |
Manufacture of electronic material |
|
CQ01010 |
Manufacture of mold |
|
F119010 |
Wholesale of electronic material |
|
F219010 |
Retail of electronic material |
|
F106030 |
Wholesale of mold |
|
F206030 |
Retail of mold |
|
C804020 |
Manufacturing of industrial rubber products |
|
C805050 |
Manufacturing of industrial plastic products |
|
I103060 |
Management consulting business |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted |
l
It is introduced that subject purchases raw
materials from both home and abroad.
l
The subject is engaged in sales of connector, housing, terminal and wafer and
etc.
l
It is introduced that
subject’s products are applied to the industries of automobile, motorbike,
medical and electronic.
l
It is introduced that
subject’s selling territory covers all over the world.
l
It is introduced that
subject’s major types of customers are automobile, motorbike, medical and
electronic industry and etc.
Major products
|
1 |
Fuse |
|
2 |
Instrument Panel |
|
3 |
Automobile Lamp |
|
4 |
Electronic |
|
5 |
EFI(Electronic Fuel Injection Systems) |
|
6 |
ECU(Electronic Controller Unit) |
|
7 |
Automobile Digital Entertainment System |
|
8 |
Medical |
|
9 |
Wire to Board Connector(Wafer) |
|
10 |
Fasten Accessories |
|
11 |
LPG&CNG Converter |
|
12 |
Others- Terminal & Housing |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials |
Cash, T/T |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Connector, housing, terminal and wafer |
Cash, T/T |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Connector, housing, terminal and wafer |
L/C, T/T |
100% |
Unit: NTD/000
|
Date |
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
371,574.00 |
248,648.00 |
|
Changes in the fair value of the financial
liability on profit and loss-flow |
419.00 |
395.00 |
|
Notes receivable - net |
55,223.00 |
59,842.00 |
|
Accounts receivable - net |
205,308.00 |
263,833.00 |
|
Accounts receivable - related parties - net |
293,088.00 |
450,518.00 |
|
Other receivables |
21,738.00 |
24,324.00 |
|
Other receivables - related parties |
272,936.00 |
104,536.00 |
|
Inventories |
143,727.00 |
152,310.00 |
|
Other current assets |
54,692.00 |
56,258.00 |
|
Current assets |
1,418,705.00 |
1,360,664.00 |
|
Funds and Investments |
|
|
|
Equity investments under equity method |
1,280,081.00 |
1,188,448.00 |
|
Investments |
1,280,081.00 |
1,188,448.00 |
|
Funds and long-term investments |
1,280,081.00 |
1,188,448.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
100,183.00 |
100,183.00 |
|
Buildings and structures |
74,915.00 |
76,387.00 |
|
Machinery and equipment |
150,469.00 |
159,122.00 |
|
Transportation equipment |
7,728.00 |
5,789.00 |
|
Office Equipment |
17,576.00 |
21,659.00 |
|
Leasehold improvements |
1,576.00 |
1,576.00 |
|
Revaluation increment |
79,144.00 |
79,144.00 |
|
Cost and revaluation increment |
431,591.00 |
443,860.00 |
|
Accumulated depreciation |
-124,106.00 |
-130,525.00 |
|
Construction in process and prepayment for equipments |
6,902.00 |
8,589.00 |
|
Cost and revaluation increment |
314,387.00 |
321,924.00 |
|
Intangible Assets |
|
|
|
Computer software cost |
12,417.00 |
11,766.00 |
|
Intangible assets |
12,417.00 |
11,766.00 |
|
Other Assets |
|
|
|
Other assets |
19,913.00 |
22,438.00 |
|
Assets |
3,045,503.00 |
2,905,240.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-Term Borrowing |
35,000.00 |
79,062.00 |
|
Financial liabilities at fair value through
profit or loss--flow |
0.00 |
94.00 |
|
21,577.00 |
33,533.00 |
|
|
Accounts payable |
83,643.00 |
96,257.00 |
|
Accounts payable - related parties |
83,784.00 |
60,779.00 |
|
Income tax payable |
51,081.00 |
43,446.00 |
|
Accrued expenses |
104,815.00 |
102,798.00 |
|
Other payables - related parties |
76,857.00 |
40,705.00 |
|
Other payables |
12,966.00 |
13,672.00 |
|
Other current liabilities |
469,723.00 |
470,346.00 |
|
Long term Liabilities |
|
|
|
Reserves |
|
|
|
Reserve for land revaluation increment tax |
45,119.00 |
45,119.00 |
|
Reserves |
45,119.00 |
45,119.00 |
|
Other Liabilities |
|
|
|
Pension reserve / accrued pension liability |
68,621.00 |
68,573.00 |
|
Other liabilities-others |
11,369.00 |
10,126.00 |
|
Other liabilities |
79,990.00 |
78,699.00 |
|
Liabilities |
594,832.00 |
594,164.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
884,051.00 |
864,910.00 |
|
Advance receipts for common stock |
352.00 |
172.00 |
|
Capital Surplus |
|
|
|
Capital surplus - additional paid-in capital |
585,112.00 |
585,112.00 |
|
Capital Surplus- Gain on Sale of Fixed Assets |
101.00 |
101.00 |
|
Capital surplus - long-term equity
investments |
8.00 |
8.00 |
|
Capital surplus - Consolidated surplus |
53,723.00 |
53,723.00 |
|
Capital surplus - employee stock option |
13,649.00 |
10,887.00 |
|
Capital surplus |
652,593.00 |
649,831.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
262,282.00 |
222,905.00 |
|
Special Reserve |
0.00 |
20,682.00 |
|
Inappropriate retained earnings |
623,396.00 |
490,953.00 |
|
Retained earnings |
885,678.00 |
734,540.00 |
|
Stockholders’' Equity and Other adjustment |
|
|
|
Cumulative translation adjustments |
27,857.00 |
61,483.00 |
|
Unrealized Revaluation Increment |
140.00 |
140.00 |
|
Equity adjustments |
27,997.00 |
61,623.00 |
|
Stockholders‘ equity |
2,450,671.00 (USD 82,097,479) |
2,311,076.00 (USD 77,421,046) |
|
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) |
17,700.00 |
8,000.00 |
(As of 2014.09, 1 NTD =
0.0335 USD)
Unit: NTD/000
|
Date |
2012 |
2011 |
|
Sales |
1,698,770.00 (USD 56,908,795) |
1,862,759.00 (USD 62,402,427) |
|
4,853.00 |
6,690.00 |
|
|
Sales |
1,693,917.00 |
1,856,069.00 |
|
Operating income |
1,693,917.00 |
1,856,069.00 |
|
Operating costs |
1,063,457.00 |
1,230,874.00 |
|
Gross profit (loss) from operations |
630,460.00 |
625,195.00 |
|
Unrealized gain from inter-affiliate accounts. |
2,347.00 |
0.00 |
|
Selling expense |
90,481.00 |
123,142.00 |
|
General and administrative expenses |
128,758.00 |
128,736.00 |
|
Research And Development Expenses |
44,783.00 |
41,100.00 |
|
Operating expenses |
264,022.00 |
292,978.00 |
|
Operating income (loss) |
364,091.00 |
332,217.00 |
|
Non-Operating Income |
|
|
|
Income from long-term equity investments under
the equity method |
98,819.00 |
88,649.00 |
|
Investment income |
98,819.00 |
88,649.00 |
|
Miscellaneous income |
55,981.00 |
44,072.00 |
|
Non-operating revenues and gains |
154,800.00 |
132,721.00 |
|
Non-Operating Expenses |
|
|
|
Foreign exchange loss |
23,983.00 |
0.00 |
|
Miscellaneous disbursements |
761.00 |
7,065.00 |
|
Non-operating expenses and losses |
24,744.00 |
7,065.00 |
|
Income from continuing operations before income
tax |
494,147.00 |
457,873.00 |
|
Income tax expense (benefit) |
74,393.00 |
64,093.00 |
|
Income from continuing operations |
419,754.00 |
393,780.00 |
|
Net income (loss) |
419,754.00 (USD 14,061,759) |
393,780.00 (USD 13,191,630) |
|
Primary Earnings per Share |
|
|
|
Primary earnings per share |
4.75 |
4.47 |
|
Diluted earnings per share |
|
|
|
Diluted earnings per share |
4.70 |
4.42 |
(As of 2014.09, 1 NTD =
0.0335 USD)
|
Date |
2012 |
2011 |
|
|
|
|
|
419,754.00 |
393,780.00 |
|
|
Adjustments to Reconcile Net Income to Net Cash Provided
by (Used in) Operating Activities |
|
|
|
Depreciation Expense |
36,916.00 |
39,656.00 |
|
Amortization Expense |
6,687.00 |
1,444.00 |
|
Share-based Compensation |
676.00 |
1,619.00 |
|
Loss (Gain) on Decline (Recovery) in Market Value,
Scrap and Obsolescence of Inventories |
6,126.00 |
6,828.00 |
|
Investment Loss (Income) Recognized under Equity
Method |
(98,819.00) |
(88,649.00) |
|
Received the equity method investment company
cash dividend |
17,400.00 |
0.00 |
|
Loss (Gain) on Disposal of Property, Plan and
Equipment |
(90.00) |
404.00 |
|
(1,725.00) |
(916.00) |
|
|
Financial assets and liabilities unrealized loss
assessment (interest) |
(24.00) |
0.00 |
|
Unrealized gain from inter-affiliate accounts. |
2,347.00 |
0.00 |
|
Loss (Gain) on Deferred Income Tax |
(5,288.00) |
(5,955.00) |
|
|
|
|
|
Trading financial assets (increase) decrease |
1,631.00 |
3,615.00 |
|
220,574.00 |
(156,957.00) |
|
|
(165,814.00) |
(90,391.00) |
|
|
3,491.00 |
(12,556.00) |
|
|
9,353.00 |
(12,648.00) |
|
|
Other operation (income) loss |
55.00 |
(638.00) |
|
(1,565.00) |
47,147.00 |
|
|
7,635.00 |
925.00 |
|
|
2,017.00 |
(878.00) |
|
|
Increase (Decrease) in Other Payable |
36,152.00 |
(34,009.00) |
|
(706.00) |
5,001.00 |
|
|
48.00 |
562.00 |
|
|
Other operating liabilities gains (decrease) |
(1,103.00) |
7,431.00 |
|
495,728.00 |
104,815.00 |
|
|
|
|
|
|
Acquisition of Investments Accounted for by
Equity Method |
(40,428.00) |
(240,339.00) |
|
The capital return of shares by the investment
companies under equity method |
0.00 |
143,219.00 |
|
Purchase of Property, Plant and Equipment |
(33,919.00) |
(77,685.00) |
|
Proceeds from Disposal of Property, Plant and Equipment |
179.00 |
576.00 |
|
Decrease (Increase) in Refundable Deposits |
(138.00) |
(219.00) |
|
Increase in Deferred Charges |
(2,530.00) |
(459.00) |
|
Purchase of Intangible Assets |
(1,632.00) |
(144.00) |
|
Net Cash Provided by (Used in) Investing Activities |
(78,468.00) |
(175,051.00) |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
(44,062.00) |
79,062.00 |
|
Cash dividends |
(251,286.00) |
(287,261.00) |
|
Cash capital increase |
0.00 |
0.00 |
|
Exercise of Employee Stock Options |
4,077.00 |
7,615.00 |
|
Net Cash Provided by (Used in) Financing
Activities |
(291,271.00) |
(200,584.00) |
|
Effect rates of exchange |
(3,063.00) |
(314.00) |
|
Net Increase (Decrease) in Cash and Cash
Equivalents |
122,926.00 |
(271,134.00) |
|
Cash and Cash Equivalents, Beginning of year |
248,648.00 |
519,782.00 |
|
Cash and Cash Equivalents, End of year |
371,574.00 |
248,648.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid- Excluding Capitalized Interest |
128.00 |
1,758.00 |
|
75,425.00 |
74,107.00 |
|
|
Does not affect the investment and financing
activities cash flow |
|
|
|
Reserve and recapitalization |
17,330.00 |
41,037.00 |
Note: Figures are based on the Taiwan generally accepted accounting principle.
Subject declined to disclose its bank details; from other source we
cannot obtain the relevant information, either.
Mortgage
No chattel mortgage record of subject has been found within the recent 3
months.
Lawsuit
Up to date of
reporting, no existing or latent litigation of the subject has been found.
|
Name |
Ms. Li |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.44 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.78.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.