|
Report No. : |
318304 |
|
Report Date : |
25.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
MOTECH INDUSTRIES INC. |
|
|
|
|
Registered Office : |
6F., No.248, Sec.3, Pei-Shen Rd., Shenkeng
Dist., New Taipei City |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
03.06.1981 |
|
|
|
|
Com. Reg. No.: |
20889546 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sale of solar products. |
|
|
|
|
No. of Employees : |
About 4,000 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Slow but correct |
|
|
|
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made on
e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Taiwan |
A2 |
A1 |
|
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. However, negotiations on follow-on components of ECFA, including an agreement on trade in services, deals on trade in goods, and dispute resolution—have stalled. In early 2014, the government bowed to public demand for a new law governing the oversight of cross-Strait agreements, before any additional deals with China are implemented; the legislature has yet to vote on such legislation, leaving the future of ECFA up in the air as President MA enters his final full year in office. MA has portrayed ECFA as Taiwan’s key to greater participation in East Asia’s free trade networks. 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 expected to account for 20% of the island's total population by 2025. The island runs a trade surplus, largely because of its surplus with China, and its foreign reserves are the world's fourth largest, behind those of China, Japan, and Russia. 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, the 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 has helped Taiwan develop into a local RMB hub. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also pose new challenges as the island becomes more economically dependent on China at a time when political differences remain unresolved. During 2014, the press paid increasing attention to domestic economic issues while pushing aside the debates over trade liberalization that were a hallmark of MA’s tenure. The media focused on the divide between Taiwan’s “haves” and “have nots,” providing extensive coverage of public frustration with stagnant wages, skyrocketing housing prices, and the difficulty of finding entry-level jobs.
|
Source
: CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.2, Dashun 9th
Road, Xinshi District, Tainan Science Park, Tainan City, Taiwan |
|
Supplied Address: |
SCIENCE PARK
BRANCH No 3, Da-Shun 9th Rd., Hsin-Shi, Tainan 74145 |
|
Telephone Number: |
+886-6-505- 0789 |
|
Fax Number: |
|
|
Email: |
Notes: The exact name and address are as above. The
supplied address belongs to subject’s Science Park Branch.
Subject was incorporated
on 1981-6-3 with registered number 20889546 as Joint Stock Company in Taiwan.
Subject listed on Taiwan Over-The-Counter
Securities Exchange on 2003-5-15.
Factories
|
1 |
|
|
Address: |
5F., No.252 & 5F., No.250 & 6F., No.254 & 6F.,
No.248, Sec.3, Pei-Shen Rd., Shenkeng Dist., New Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1991-3-19 |
|
Date of Registration: |
1991-9-7 |
|
Factory Registration Number: |
99602962 |
|
Factory Manager: |
Jinghong Chen |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2014-8-13 |
|
Major Products: |
275 Measuring, navigation, and control equipment 271 Computer and peripheral equipment 272 Communication equipment 269 Other electronic component |
|
2 |
|
|
Name: |
Motech Industries Inc., Science
Park Branch 1st Factory |
|
Address: |
No.3, Dashun 9th Road, Xinshi
District, Tainan Science Park, Tainan City, Taiwan |
|
Date of Registration: |
2000-8-3 |
|
Factory Registration Number: |
94A00020 |
|
Factory Manager: |
Liren Lin |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-8-19 |
|
Major Products: |
264 Photoelectric material and components |
|
3 |
|
|
Name: |
Motech Industries Inc., Science Park Branch 2nd Factory |
|
Address: |
No.2, Dashun 9th Road, Xinshi District, Tainan
Science Park, Tainan City, Taiwan |
|
Date of Registration: |
2000-8-3 |
|
Factory Registration Number: |
94B00020 |
|
Factory Manager: |
Liren Lin |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-8-19 |
|
Major Products: |
264 Photoelectric material and components |
|
4 |
|
|
Name: |
Motech Industries Inc., Science Park Branch 5th Factory |
|
Address: |
No.18, Dashun 9th Road, Xinshi District, Tainan
Science Park, Tainan City, Taiwan |
|
Date of Registration: |
2000-8-3 |
|
Factory Registration Number: |
94C00020 |
|
Factory Manager: |
Liren Lin |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-8-19 |
|
Major Products: |
264 Photoelectric material and components |
|
5 |
|
|
Name: |
Motech Industries Inc., Science Park Branch 6B Factory |
|
Address: |
No.8-1, Beiyuan 3rd Road, An-Ding District,
Tainan City, Taiwan |
|
Date of Registration: |
2011-6-30 |
|
Factory Registration Number: |
94D00020 |
|
Factory Manager: |
Liren Lin |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-8-19 |
|
Major Products: |
264 Photoelectric material and components |
|
6 |
|
|
Name: |
Motech Industries Inc., Science Park Branch 6A Factory |
|
Address: |
No.8, Beiyuan 3rd Road, An-Ding District,
Tainan City, Taiwan |
|
Date of Registration: |
2011-7-15 |
|
Factory Registration Number: |
94E00020 |
|
Factory Manager: |
Liren Lin |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-8-19 |
|
Major Products: |
264 Photoelectric material and components |
Related Companies
|
1 |
|
|
Registered Name: |
Tsmc Solar Ltd. |
|
Registered Address: |
No. 5, Keya W. Rd., Daya Dist, Taichung City 42882, Taiwan, R.O.C |
|
Date of Foundation: |
2011-8-16 |
|
Registration Number: |
28113217 |
|
Registry: |
Central Science Park Administration |
|
Registered Capital: |
NTD 13,500,000,000 (USD 459,000,000) (As of 2013.10, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 11,341,000,000 (USD 385,594,000) |
|
Legal Representatives: |
Lixing Cai |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2012-7-9 |
|
2 |
|
|
Name: |
Motech (Suzhou) Renewable Energy Co. Ltd. |
|
Address: |
No.1, Mao-Di Rd., Kunshan City, Jiangsu Province, China |
|
Tel: |
+86-512-8616-3366 |
|
3 |
|
|
Name: |
Suzhou Motech Electronic Co., Ltd |
|
Address: |
No.1, Motech road., Kunshan City, Jiangsu Province, China |
|
Tel: |
+86-512-8618-8698 |
|
4 |
|
|
Name: |
Motech Americas Llc |
|
Address: |
231 Lake Drive Newark, DE 19702, U.S.A. |
|
Tel: |
+1-302-451-7500 |
|
5 |
|
|
Name: |
Itogumi Motech, Inc. |
|
Address: |
725-4, 2-chome, Shinko-minami Ishikari City, Hokkaido 061-3244 Japan |
|
Tel: |
+81-133-64-4117 |
Branch
|
Name |
Motech Industries Inc., Science Park Branch |
|
Address |
No.3, Dashun 9th Rd., Tainan Science Park, Sinshih
Township, Tainan County, Taiwan R.O.C. |
|
Registration Number |
16130514 |
|
Date of Registration |
1999-6-24 |
|
Status |
Live Company |
|
Manager Name |
Yonghui Zeng |
|
Date of Last Annual Return |
2013-8-13 |
Major Shareholders
|
Name |
Subscription
Shares |
|
Yonghui Zeng |
15,469,212 |
|
Yuanhuai Zuo |
7,139,610 |
|
Tsmc Solar Ltd. |
87,479,782 |
|
Bingheng Zhang |
109,000 |
|
Sanbao Li |
194,133 |
|
Zhigui Li |
6,123,454 |
Shareholder Information:
|
Registered Name: |
Tsmc Solar Ltd. |
|
Registered Address: |
No. 5, Keya W. Rd., Daya Dist, Taichung City
42882, Taiwan, R.O.C |
|
Date of Foundation: |
2011-8-16 |
|
Registration Number: |
28113217 |
|
Registry: |
Central Taiwan Science Park Bureau, MOST |
|
Registered Capital: |
NTD 13,500,000,000 (USD 432,000,000) (As of 2015.04, 1 NTD = 0.0320 USD) |
|
Paid-up Capital: |
NTD 11,341,000,000 (USD 362,912,000) |
|
Legal Representatives: |
Dachuan Zuo |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2015-1-23 |
Core Management
Directors
|
1 |
|
|
Name |
Yonghui Zeng |
|
Position |
Board Chairman & Manager |
|
Date of Appointment for Manager |
1986-3-27 |
|
2 |
|
|
Name |
Yuanhuai Zuo |
|
Position |
Director & Manager |
|
Date of Appointment for Manager |
2006-5-18 |
|
3 |
|
|
Name |
Shuhua Fang |
|
Position |
Director |
|
4 |
|
|
Name |
Renzhao Huang |
|
Position |
Director |
|
5 |
|
|
Name |
Bingheng Zhang |
|
Position |
Director & Manager |
|
Date of Appointment for Manager |
2010-3-31 |
|
6 |
|
|
Name |
Zhengqing Wu |
|
Position |
Independent Director |
|
7 |
|
|
Name |
Sanbao Li |
|
Position |
Independent Director |
|
8 |
|
|
Name |
Zhigui Li |
|
Position |
Supervisor |
|
9 |
|
|
Name |
Shaohua Huang |
|
Position |
Supervisor |
|
10 |
|
|
Name |
Jingyi Wang |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 4,000 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.2, Dashun 9th
Road, Xinshi District, Tainan Science Park, Tainan City, Taiwan |
Production
Information
Purchase
Information
|
Business Code |
Details |
|
CE01010 |
Manufacturing of general instrument |
|
CC01010 |
Manufacturing of power
equipment, transmission equipment, distribution equipment |
|
CC01060 |
Manufacturing of wire communication equipment |
|
CC01070 |
Manufacturing of wireless communication equipment |
|
CC01080 |
Manufacturing of electronic components |
|
CC01090 |
Manufacturing of battery |
|
CC01110 |
Manufacturing of computer and peripheral equipment |
|
F113030 |
Wholesale of precise instrument |
|
F213040 |
Retail of precise instrument |
|
F113110 |
Wholesale of battery |
|
F213110 |
Retail of battery |
|
F113050 |
Wholesale of computer and peripheral equipment |
|
F213030 |
Retail of computer and peripheral equipment |
|
F119010 |
Wholesale of electronic material |
|
F219010 |
Retail of electronic material |
|
F113070 |
Wholesale of telecommunications equipment |
|
F213060 |
Retail of telecommunications equipment |
|
IG03010 |
Energy technology service |
|
F401010 |
International trade business |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components and raw materials |
|
Payment Terms |
T/T, Cash |
Import
|
Products |
Components and raw materials |
|
Payment Terms |
L/C, T/T |
Domestic Markets
|
Product |
Solar products |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Solar products |
|
Selling Terms |
L/C, T/T |
Unit: NTD/000
|
Consolidated |
2014-12-31 |
2013-12-31 |
|
Current assets |
|
|
|
Cash and cash equivalents |
7,547,835 |
9,731,826 |
|
Financial assets net fair valued by profit and
loss |
1,495 |
15,340 |
|
Notes receivable, net |
1,936,072 |
544,787 |
|
Accounts receivable, net |
2,743,141 |
2,654,347 |
|
Other accounts receivable, net |
758,092 |
1,033,705 |
|
Inventory |
2,345,908 |
2,597,013 |
|
Prepayment |
572,670 |
739,603 |
|
Other current assets |
16,512 |
116,701 |
|
Total current assets |
15,921,725 |
17,433,322 |
|
Non-current assets |
|
|
|
Net investment by equity method |
46,692 |
45,849 |
|
Property, plant and equipment |
8,266,414 |
8,644,972 |
|
Intangible assets |
62,625 |
59,040 |
|
Deferred tax assets |
1,241,074 |
1,274,367 |
|
Other non-current assets |
1,799,405 |
2,236,855 |
|
Other non-current assets |
11,416,210 |
12,261,083 |
|
Total assets |
27,337,935 |
29,694,405 |
|
Current liabilities |
|
|
|
Short-term borrowings |
2,340,420 |
1,797,283 |
|
Financial liabilities net fair valued by profit
and loss |
10,254 |
1,384 |
|
Accounts payable |
3,892,627 |
4,671,331 |
|
Other accounts payable |
955,854 |
1,006,590 |
|
Liability reserve-current |
38,565 |
39,286 |
|
Other current liabilities |
6,839,518 |
1,555,912 |
|
Total current liabilities |
14,077,238 |
9,071,786 |
|
Non-current liabilities |
|
|
|
Long-term borrowings |
0 |
6,172,948 |
|
Liability reserve-non-current |
89,691 |
92,867 |
|
Deferred tax liabilities |
47,066 |
29,634 |
|
Other non-current liabilities |
12,154 |
101,978 |
|
Total non-current liabilities |
148,911 |
6,397,427 |
|
Total liabilities |
14,226,149 |
15,469,213 |
|
Ordinary share |
4,397,564 |
4,384,589 |
|
Total capital stock |
4,397,564 |
4,384,589 |
|
Capital surplus |
|
|
|
Capital surplus- share premium |
9,292,963 |
9,342,538 |
|
Capital surplus- storage stock trading |
17,155 |
34,310 |
|
Capital surplus-employee stock right |
62,468 |
3,868 |
|
Capital surplus-other |
66,683 |
49,528 |
|
Total capital surplus |
9,439,269 |
9,430,244 |
|
Legal reserve |
25,186 |
0 |
|
Special reserve |
60,132 |
0 |
|
Unappropriated retained earnings (accumulated
deficit) |
-838,689 |
466,944 |
|
Total retained earnings |
-753,371 |
466,944 |
|
Foreign cash balance operating mechanism
conversion of the financial statements |
41,979 |
-60,132 |
|
Other equity-other |
-18,317 |
-1,792 |
|
Total other equity |
23,662 |
-61,924 |
|
Total equity attributable to the parent company |
13,107,124 |
14,219,853 |
|
Non-controlling equity |
4,662 |
5,339 |
|
Total equity |
13,111,786 |
14,225,192 |
|
Number of shares in entity held by entity and by
its subsidiaries |
0 |
0 |
Unit: NTD/000
|
Consolidated |
2014 |
2013 |
|
Operating revenue |
20,216,284 |
21,478,863 |
|
Sales return |
164,103 |
88,449 |
|
Sales discount |
73,339 |
40,723 |
|
Net sales |
19,978,842 |
21,349,691 |
|
Operating income |
19,978,842 |
21,349,691 |
|
Selling costs |
19,808,722 |
19,717,223 |
|
Operating costs |
19,808,722 |
19,717,223 |
|
Gross profit (loss) from operations |
170,120 |
1,632,468 |
|
Gross profit (loss) from operations-net |
170,120 |
1,632,468 |
|
Operating expenses |
|
|
|
Selling expenses |
303,863 |
450,091 |
|
Administrative expenses |
502,609 |
489,623 |
|
Research and development |
281,829 |
232,796 |
|
Operating expenses |
1,088,301 |
1,172,510 |
|
Income (expenses) from operating |
-918,181 |
459,958 |
|
Other income |
56,459 |
55,701 |
|
Other net income or loss |
94,989 |
20,734 |
|
Financial cost net |
158,687 |
197,364 |
|
Affiliated enterprise of recognized by employing
the equity method and Joint venture share profits and losses net |
843 |
-3,752 |
|
Non-operating income and expenses |
-6,396 |
-124,681 |
|
Net income (loss) before tax |
-924,577 |
335,277 |
|
Tax expense (income) |
131,386 |
94,831 |
|
Profit (loss) from continuing operations |
-1,055,963 |
240,446 |
|
Net income (loss) |
-1,055,963 |
240,446 |
|
Other net income (loss) |
|
|
|
Foreign cash balance operating mechanism
conversion of the financial statements |
101,760 |
155,982 |
|
Unrealized evaluation of profit and loss of
financial assets for sale |
0 |
-1,787 |
|
Determine the welfare program actuarial profit
(loss) |
2,251 |
19,319 |
|
Tax income related to other comprehensive income
or loss |
383 |
1,315 |
|
Other comprehensive income (loss) |
103,628 |
172,199 |
|
Comprehensive income |
-952,335 |
412,645 |
|
Net profit (loss) attributable to: |
|
|
|
Net income or loss of parent company |
-1,055,637 |
251,864 |
|
Net income or loss of non-controlling equity |
-326 |
-11,418 |
|
Comprehensive profit (loss) attributable to: |
|
|
|
Comprehensive profit (loss) of parent company |
-951,658 |
424,758 |
|
Comprehensive profit (loss) of non-controlling
equity |
-677 |
-12,113 |
|
Basic earnings per share |
-2.41 |
0.58 |
|
Diluted earnings per share |
-2.41 |
0.58 |
Unit: NTD/000
|
Consolidated |
2014 |
2013 |
|
Cash flows from (used in) operating activities, indirect method |
|
|
|
Profit (loss) from continuing operations before tax |
-924,577 |
335,277 |
|
Profit (loss) before tax |
-924,577 |
335,277 |
|
Depreciation expense |
1,369,888 |
1,822,871 |
|
Amortization expense |
15,227 |
8,653 |
|
Interest expense |
158,687 |
197,364 |
|
Interest income |
-56,459 |
-55,701 |
|
Share-based payment compensation cost |
59,398 |
5,093 |
|
Income (loss) shares by equity method recognized by affiliated
enterprise |
-843 |
3,752 |
|
Loss (gain) on disposal and scrap of property, plant and equipment |
-25,685 |
1,236 |
|
Expenses of property, plant and equipment |
29 |
812 |
|
Loss (gain) on disposal of property, plan and equipment |
0 |
-3,927 |
|
Investment loss or income by the equity method |
0 |
-11,383 |
|
Non-financial assets loss |
22,422 |
0 |
|
Other items |
33,374 |
703 |
|
Total income or loss non-effect cash flow |
1,576,038 |
1,969,473 |
|
Decrease (increase) in financial assets for trading |
13,879 |
-15,856 |
|
Decrease (increase) in accounts receivable |
-1,396,410 |
-193,052 |
|
Decrease (increase) in other accounts receivable |
4,125 |
-665,762 |
|
Decrease (increase) in inventory |
267,076 |
-1,001,000 |
|
Decrease (increase) in prepaid expenses |
31,912 |
44,233 |
|
Decrease (increase) in prepayments |
957,924 |
-154,955 |
|
Decrease (increase) in other current assets |
80,919 |
69,801 |
|
Decrease (increase) in other operating assets |
5,958 |
-5,989 |
|
Changes of assets related in operating |
-34,617 |
-1,922,580 |
|
Decrease (increase) in financial liabilities |
8,912 |
1,384 |
|
Increase (decrease) in accounts payable |
-861,770 |
2,055,372 |
|
Increase (decrease) in other accounts payable |
-123,113 |
273,190 |
|
Increase (decrease) in other current liabilities |
-111,081 |
53,948 |
|
Increase (decrease) in accrued pension liabilities |
0 |
0 |
|
Total net changes in operating liabilities |
-7,090 |
-26,617 |
|
Total changes in operating liabilities |
-1,094,142 |
2,357,277 |
|
Total changes in operating assets and liabilities |
-1,128,759 |
434,697 |
|
Total adjustments |
447,279 |
2,404,170 |
|
Cash inflow (outflow) generated from operations |
-477,298 |
2,739,447 |
|
Income taxes refund (paid) |
-73,184 |
-55,723 |
|
Net cash flows from (used in) operating activities |
-550,482 |
2,683,724 |
|
Cash flows from (used in) investing activities |
|
|
|
Acquisition of financial assets for sale |
0 |
-600,000 |
|
Disposal of financial assets for sale |
0 |
807,952 |
|
Disposal of subsidiaries |
14,682 |
0 |
|
Acquisition of property, plant and equipment |
-151,470 |
-129,937 |
|
Proceeds from disposal of property, plant and equipment |
78,825 |
4,278 |
|
Refundable deposit |
14,551 |
20,089 |
|
Other receivables |
262,115 |
0 |
|
Acquisition of intangible assets |
-16,173 |
-16,256 |
|
Increase of prepayments for equipment |
-1,147,954 |
-238,269 |
|
Interest collected |
61,841 |
49,424 |
|
Other investment activities |
0 |
-32,029 |
|
Net cash flows from (used in) investing activities |
-883,583 |
-134,748 |
|
Net cash flows from (used in) financing activities |
|
|
|
Increase in short-term borrowing |
437,799 |
0 |
|
Decrease in short-term borrowing |
0 |
-231,367 |
|
Proceeds from long-term debt |
3,152,613 |
9,541,145 |
|
Repayments of long-term debt |
-4,055,763 |
-9,911,935 |
|
Increase in deposits received |
3,224 |
0 |
|
Decrease in deposits received |
0 |
-8,370 |
|
Decrease in lease payable |
-1,733 |
-2,926 |
|
Cash dividends paid |
-219,954 |
0 |
|
Storage stocks buying costs |
-515 |
-2,120 |
|
Interest payment |
-149,081 |
-185,836 |
|
Other financing activities |
0 |
12,720 |
|
Net cash flows from (used in) financing activities |
-833,410 |
-788,689 |
|
Effect of exchange rate changes on cash and cash equivalents |
83,484 |
97,010 |
|
Net increase (decrease) in cash and cash equivalents |
-2,183,991 |
1,857,297 |
|
Cash and cash equivalents at beginning of period |
9,731,826 |
7,874,529 |
|
Cash and cash equivalents at end of period |
7,547,835 |
9,731,826 |
|
Cash and cash equivalents reported in the statement of financial
position |
7,547,835 |
9,731,826 |
We only obtained the consolidate financials
information of the subject as above from official source for your reference.
Subject declined to disclose its bank details; from other source we
could not 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.
Interview Details
|
Name |
Ms. Xie |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.40 |
|
|
1 |
Rs.95.42 |
|
Euro |
1 |
Rs.68.49 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
VNT |
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.