|
Report No. : |
352082 |
|
Report Date : |
03.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
TOUNG LOONG TEXTILE MFG. CO., LTD. |
|
|
|
|
Registered Office : |
19Fl, No.31, Sec. 2, San Ming Rd., Banqiao Dist., New Taipei City 220 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2014 |
|
|
|
|
Date of Incorporation : |
14.08.1961 |
|
|
|
|
Com. Reg. No.: |
18770509 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and Sale of Texturing Yarn
and Other Yarns. |
|
|
|
|
No. of Employees : |
About 420 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaints |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Taiwan |
A1 |
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. 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, follow-on components of the ECFA, including a signed agreement on trade in services and negotiations on trade in goods and dispute resolution, have stalled. In early 2014, the government bowed to public demand and proposed 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 nearly 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 fifth largest, behind those of China, Japan, Saudi Arabia, 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, the Taiwan Central Bank signed a memorandum of understanding (MOU) 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 Taiwan’s 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 decent entry-level jobs.
|
Source
: CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
19Fl, No.31,
Sec. 2, San Ming Rd., Banqiao Dist., New Taipei City 220, Taiwan |
|
Supplied Address: |
19FI, NO.31, SAN
MING RD., SEC.2 PAN CHIAO DIST., NEW TAIPEI CITY TAIWAN |
|
Telephone Number: |
+886-2-2961-2112 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as above.
Subject was incorporated
on 1961-8-14 with registered number 18770509 as Private Limited Liability
Company in Taiwan.
Subject listed on Taiwan Over-The-Counter Securities Exchange on
1996-05-09.
Factories
|
1 |
|
|
Name: |
ChangHua Fangyuan Factory |
|
Address: |
No. 8, Industrial Rd., No. 8, 11, 21, Industrial Zone 3rd Rd., Houliao
Village, Changhua County, Taiwan |
|
Date of Foundation: |
1990-12-4 |
|
Date of Registration: |
1991-9-20 |
|
Factory Registration Number: |
99647187 |
|
Factory Manager: |
Xiuxiong You |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2015-2-6 |
|
Major Products: |
111 spinning |
|
2 |
|
|
Name: |
Taoyuan Factory |
|
Address: |
No. 859, Fuguo Rd., Xipu Li, Taoyuan City, Taoyuan County, Taiwan |
|
Date of Foundation: |
1971-9-27 |
|
Date of Registration: |
1973-9-11 |
|
Factory Registration Number: |
99625530 |
|
Factory Manager: |
Xiuxiong You |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2002-8-9 |
|
Major Products: |
111 spinning |
Related Companies
|
1 |
|
|
Name: |
Toung Loong Textile Mfg. (VN) Co., Ltd. |
|
Tel: |
+84-650-374-3219 |
|
Fax: |
+84-650-375-3395 |
|
2 |
|
|
Name: |
Sarah International Co., Ltd |
|
Tel: |
+84-650-378-8759 |
|
Fax: |
+84-650-378-8762 |
|
3 |
|
|
Name: |
Dong Long Enterprise Co., Ltd |
|
Tel: |
+855-23-995-897 |
Cooperative
Companies
|
1 |
|
|
Name: |
Lee Ven Industrial Co., Ltd. |
|
Tel: |
+886-2-2555-6198 |
|
Fax: |
+886-2-2558-4578 |
|
Email: |
|
|
2 |
|
|
Name: |
Eclat Textile Co., Ltd. |
|
Tel: |
+886-2-2299-6000 |
|
Fax: |
+886-2-2299-5483 |
|
Email: |
|
|
3 |
|
|
Name: |
Shiny Textile Co., Ltd. |
|
Tel: |
+886-2-2557-1883 |
|
Fax: |
+886-2-2557-1889 |
|
Email: |
|
Major Shareholders
|
Name |
Subscription Shares |
|
Xiuxiong You |
|
|
4,501,901 |
|
|
Zhicheng You |
2,880,396 |
|
Rongjie You |
5,841,986 |
|
Rongli You |
5,697,230 |
|
Lixun Ke |
10,000 |
|
Maojia Investment Co., Ltd. (Literal Translation) |
5,243,989 |
|
Xianghao Investment Co., Ltd. (Literal Translation) |
1,154,000 |
|
Jinzong You |
1,727,010 |
|
Jingwei Zhou |
72,514 |
|
Sara Rose International Inc. |
4,770,556 |
Shareholders Information:
|
1 |
|
|
Registered Name: |
Sara Rose International Inc. |
|
Registered Address: |
20F, No.31, Sec. 2, San Ming Rd., Banqiao
Dist., New Taipei City 220, Taiwan |
|
Date of Foundation: |
1992-6-10 |
|
Registration Number: |
86718903 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
NTD 38,000,000 (USD 1,162,800) (As of 2015.12, 1 NTD = 0.0306 USD) |
|
Paid-up Capital: |
NTD 38,000,000 (USD 1,162,800) |
|
Legal Representatives: |
Jingwei Zhou |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2014-12-23 |
|
2 |
|
|
Registered Name: |
Xianghao Investment Co., Ltd. (Literal Translation) |
|
Registered Address: |
19F, No. 33, Sec. 2, Sanmin Rd., Banqiao
Dist., New Taipei City, Taiwan |
|
Date of Foundation: |
2007-3-13 |
|
Registration Number: |
28621536 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
NTD 10,000,000 (USD 306,000) (As of 2015.12, 1 NTD = 0.0306 USD) |
|
Legal Representatives: |
Shuhua You |
|
Legal Form: |
Private Limited Liability Company |
|
Date of Last Annual Return: |
2013-8-29 |
|
3 |
|
|
Registered Name: |
Maojia Investment Co., Ltd. (Literal Translation) |
|
Registered Address: |
No. 289-1, Chang’an Street, Haishan Li,
Banqiao Dist., New Taipei City, Taiwan |
|
Date of Foundation: |
1999-5-17 |
|
Registration Number: |
16918689 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
NTD 28,000,000 (USD 856,800) (As of 2015.12, 1 NTD = 0.0306 USD) |
|
Legal Representatives: |
Yongquan Chen |
|
Legal Form: |
Private Limited Liability Company |
|
Date of Last Annual Return: |
2015-10-30 |
Core Management
Directors
|
1 |
||
|
Name |
Xiuxiong You |
|
|
Position |
Chairman of the Board |
|
|
2 |
||
|
Name |
Zhicheng You |
|
|
Position |
Director & Manager |
|
|
Date of Appointment of Manager |
2010-6-17 |
|
|
3 |
||
|
Name |
Rongjie You |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Rongli You |
|
|
Position |
Director |
|
|
5 |
||
|
Name |
Lixun Ke |
|
|
Position |
Director |
|
|
6 |
||
|
Name |
Qiuyue Chen |
|
|
Position |
Director |
|
|
7 |
||
|
Name |
Xuetao Wu |
|
|
Position |
Director |
|
|
8 |
||
|
Name |
Zexiang Ding |
|
|
Position |
Director |
|
|
9 |
||
|
Name |
Kaiping Zhang |
|
|
Position |
Director |
|
|
10 |
||
|
Name |
Jinzong You |
|
|
Position |
Supervisor |
|
|
11 |
||
|
Name |
Jingwei Zhou |
|
|
Position |
Supervisor |
|
|
12 |
||
|
Name |
Rongjun You |
|
|
Position |
Supervisor |
|
Personnel Structure
|
Total Employees |
About 420 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
19Fl, No.31, Sec. 2, San Ming Rd., Banqiao Dist., New Taipei City 220,
Taiwan |
Production Information
Subject is engaged in manufacturing of texturing yarn and other yarns.
Subject has two factories in Taiwan for production.
It is introduced that subject has factories in Vietnam and Cambodia, but
detail information cannot be available from local registry, the subject or any
other resources.
Subject obtained ISO 9001 and ISO 14000 certifications
We obtained that the production capacity of the subject is as following
from public files for references:
Unit: tons
|
Factories Taiwan |
1,800 |
|
Factories Abroad |
500 |
Purchase Information
The registered activities of subject:
|
No. |
Details |
|
1 |
Manufacturing, sale and wholesale of kinds of synthetic suture and
yarn for weaving purpose. |
|
2 |
Manufacturing and distribution of kinds of cotton, fur, hemp thread
and rayon. |
|
3 |
Manufacturing and distribution of line textile products. |
|
4 |
Manufacturing and processing of kinds of fiber line class and fibrous
textile. |
|
5 |
Import and export of wood (logs). |
|
6 |
The related import and export business of the above products |
Subject purchases raw materials from both home and abroad.
Subject is engaged in sale of texturing yarn
and other yarns.
Subject’s major products are air textured yarn, draw textured yarn,
sewing thread, multicolored twisted or composite yarn, zipper thread, nylon
yarn dye, polyester yarn dye, mélange yarn dye, moisture management treated
yarn dye.
It is introduced that subject’s products are mainly applied in women's
clothing, fashion clothing, sports clothes, leisure suit and sleep underwear.
Subject’s sales regions mainly focus on Taiwan domestic market, Mainland
China, Southeast Asia, South Asia, Europe and America.
Subject’s major customers are manufacturers of garment, bags and shoes.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw materials |
|
Payment Terms |
T/T, Cash |
Import
|
Products |
Raw materials |
|
Payment Terms |
L/C, T/T |
Domestic Markets
|
Product |
Texturing yarn and other yarns |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Texturing yarn and other yarns |
|
Selling Terms |
L/C, T/T |
Unit: NTD/000
|
Consolidated |
2014-12-31 |
2013-12-31 |
|
Current assets |
|
|
|
Cash and cash equivalents |
346,879 |
425,526 |
|
Financial assets at fair value through profit
or loss - current |
0 |
0 |
|
Debt investments without active market -
current, net |
12,115 |
25,097 |
|
Notes receivable, net |
16,846 |
28,478 |
|
Accounts receivable, net |
330,571 |
404,777 |
|
Accounts receivable - related parties - net |
0 |
0 |
|
Other receivables-- net |
1,168 |
2,510 |
|
Inventories |
1,059,876 |
989,416 |
|
Prepayment |
20,830 |
24,471 |
|
Other current assets |
8,000 |
0 |
|
Total Current assets |
1,796,285 |
1,900,275 |
|
Non-current assets |
|
|
|
35,521 |
36,521 |
|
|
The net investment by employing the equity
method |
65,011 |
57,298 |
|
Property, plant and equipment |
2,376,146 |
2,154,269 |
|
Intangible assets |
98 |
337 |
|
Other non-current assets |
244,349 |
212,879 |
|
Non-current assets |
2,721,125 |
2,461,304 |
|
Assets |
4,517,410 |
4,361,579 |
|
Current liabilities |
|
|
|
Short-term borrowing |
498,964 |
348,530 |
|
Short-term notes payable |
169,929 |
29,989 |
|
Notes payable |
165,629 |
238,331 |
|
Accounts payable |
176,833 |
294,083 |
|
Other payables |
124,461 |
146,925 |
|
Current tax liabilities |
52,011 |
106,003 |
|
Liabilities to prepare - current |
0 |
1,097 |
|
Other current liabilities |
137,824 |
134,078 |
|
Current liabilities |
1,325,651 |
1,299,036 |
|
Non-current liabilities |
|
|
|
Long-term borrowings |
676,665 |
559,434 |
|
Deferred income tax liabilities |
42,343 |
33,328 |
|
Other non-current liabilities |
29,454 |
40,597 |
|
Non-current liabilities |
748,462 |
633,359 |
|
Liabilities |
2,074,113 |
1,932,395 |
|
Equity attributable to owners of parent |
|
|
|
Share capital |
|
|
|
Ordinary share |
1,202,863 |
1,202,863 |
|
Total capital stock |
1,202,863 |
1,202,863 |
|
Capital surplus |
|
|
|
Capital surplus - offering a premium |
167,271 |
167,271 |
|
Retained earnings |
|
|
|
Legal reserve |
280,514 |
216,574 |
|
Special reserve |
3,007 |
135,161 |
|
Unappropriated retained earnings |
728,229 |
666,274 |
|
Retained earnings |
1,011,750 |
1,018,009 |
|
Other equity |
|
|
|
Exchange differences on translation |
6,213 |
-3,007 |
|
Total equity attributable to owners parent |
2,388,097 |
2,385,136 |
|
Non-controlling interests |
55,200 |
44,048 |
|
Total equity |
2,443,297 |
2,429,184 |
Unit: NTD/000
|
Consolidated |
2014 |
2013 |
|
Sales revenue |
4,323,167 |
4,920,457 |
|
Operating costs |
3,542,257 |
3,954,031 |
|
Net operating margin |
780,910 |
966,426 |
|
Operating expenses |
|
|
|
Selling expenses |
87,767 |
74,350 |
|
General & administrative expenses |
112,964 |
113,050 |
|
Research and development expenses |
16,673 |
13,912 |
|
Total operating expenses |
217,404 |
201,312 |
|
Operating profit |
563,506 |
765,114 |
|
Non-operating income and expenses |
|
|
|
Other income |
31,030 |
36,801 |
|
Other gains and losses |
2,797 |
-962 |
|
Finance costs |
17,803 |
15,489 |
|
Share of profit/(loss) of associates and
joint ventures accounted for under equity method |
7,168 |
9,239 |
|
Total non-operating income and expenses |
23,192 |
29,589 |
|
Profit before income tax |
586,698 |
794,703 |
|
Income tax expense |
131,232 |
142,510 |
|
Profit for the year from continuing
operations |
455,466 |
652,193 |
|
Profit for the year |
455,466 |
652,193 |
|
Other comprehensive income |
|
|
|
Foreign cash balance operating mechanism
conversion of the financial statements |
13,336 |
3,874 |
|
Determine the welfare program actuarial
profit (loss) |
-870 |
-14,009 |
|
Other comprehensive income |
-1,740 |
1,843 |
|
Other comprehensive income net |
10,726 |
-8,292 |
|
Comprehensive income |
466,192 |
643,901 |
|
Net profit (loss) attributable to: |
|
|
|
Net income or loss of parent company |
439,540 |
639,399 |
|
Net income or loss of non-controlling equity |
15,926 |
12,794 |
|
Comprehensive profit (loss) attributable to: |
|
|
|
Comprehensive profit (loss) of parent
company |
448,020 |
630,421 |
|
Comprehensive profit (loss) of
non-controlling equity |
18,172 |
13,480 |
|
Basic earnings per share |
|
|
|
Diluted earnings per share |
3.65 |
5.32 |
Unit: NTD/000
|
Consolidated |
2014 |
2013 |
|
Cash flows from (used in) operating
activities, indirect method |
|
|
|
Profit (loss) from continuing operations
before tax |
586,698 |
794,703 |
|
Profit (loss) before tax |
586,698 |
794,703 |
|
Depreciation expense |
223,777 |
204,253 |
|
Amortization expense |
3,408 |
2,689 |
|
Provision (reversal of provision) for bad
debt expense |
-2,695 |
1,531 |
|
Net income or loss of financial assets and liabilities
by fair value |
0 |
0 |
|
Interest expense |
17,414 |
15,224 |
|
Interest income |
-1,090 |
-1,991 |
|
Income gain |
-1,521 |
-1,337 |
|
Income (loss) shares by equity method
recognized by affiliated enterprise |
-7,168 |
-9,239 |
|
Loss (gain) on disposal of property, plant
and equipment |
8,244 |
3,586 |
|
Impairment loss on financial assets |
0 |
918 |
|
Total income (loss) projects non-influencing
cash flow |
240,369 |
215,634 |
|
Decrease (increase) in notes receivable |
11,632 |
-19,644 |
|
Decrease (increase) in accounts receivable |
76,798 |
-61,830 |
|
Decrease (increase) in accounts
receivable-related parties |
0 |
0 |
|
Decrease (increase) in other accounts
receivable |
1,342 |
-41 |
|
Decrease (increase) in inventories |
-70,534 |
-191,225 |
|
Decrease (increase) in prepayments |
3,641 |
2,064 |
|
Decrease (increase) in other financial
assets |
-8,000 |
0 |
|
Total changes in operating assets |
14,879 |
-270,676 |
|
Increase (decrease) in notes payable |
-72,702 |
81,265 |
|
Increase (decrease) in accounts payable |
-117,250 |
77,192 |
|
Increase (decrease) in other accounts
payable |
-14,952 |
3,359 |
|
Increase (decrease) in liability reserve |
-1,097 |
-1,618 |
|
Increase (decrease) in other current
liabilities |
1,645 |
642 |
|
Increase (decrease) in accrued pension
liabilities |
-12,013 |
-15,192 |
|
Total changes in operating liabilities |
-216,369 |
145,648 |
|
Total changes in operating assets and
liabilities |
-201,490 |
-125,028 |
|
Total adjustments |
38,879 |
90,606 |
|
Cash inflow (outflow) generated from
operations |
625,577 |
885,309 |
|
Interest received |
1,090 |
1,991 |
|
Dividends received |
3,201 |
2,387 |
|
Interest paid |
-17,936 |
-14,714 |
|
Income taxes refund (paid) |
-177,826 |
-56,937 |
|
Net cash flows from (used in) operating
activities |
434,106 |
818,036 |
|
Cash flows from (used in) investing
activities |
|
|
|
Disposal of bond investment of non-active
market |
12,982 |
66,097 |
|
Disposal of financial assets at cost |
1,000 |
0 |
|
Stock capital return back by reducing
financial assets at cost |
0 |
314 |
|
Acquisition of property, plant and equipment |
-459,342 |
-447,563 |
|
Proceeds from disposal of property, plant
and equipment |
1,977 |
2,120 |
|
Refundable deposit |
1,063 |
2,822 |
|
Acquisition of intangible assets |
0 |
-217 |
|
Increase in other non-current assets |
-2,653 |
-1,122 |
|
Increase in prepayment of equipment |
-32,548 |
-130,765 |
|
Net cash flows from (used in) investing
activities |
-477,521 |
-508,314 |
|
Increase in short-term borrowing |
150,434 |
17,645 |
|
Decrease in short-term notes payable |
139,940 |
-119,912 |
|
Raising long-term borrowing |
119,332 |
87,864 |
|
Cash dividends paid |
-445,059 |
-264,630 |
|
Changes in non-controlling equity |
-7,020 |
-14,240 |
|
Net cash flows from (used in) financing
activities |
-42,373 |
-293,273 |
|
Effect of exchange rate changes on cash and
cash equivalents |
7,141 |
2,622 |
|
Net increase (decrease) in cash and cash
equivalents |
-78,647 |
19,071 |
|
Cash and cash equivalents at beginning of
period |
425,526 |
406,455 |
|
Cash and cash equivalents at end of period |
346,879 |
425,526 |
|
Cash and cash equivalents reported in the
statement of financial position |
346,879 |
425,526 |
Note: Subject didn’t submit its individual financial information; we
obtained its consolidated financials as above for reference.
The above financial figures are based on the IFRSs Accounting System.
|
1 |
|
|
Name: |
Mega international commercial bank |
|
2 |
|
|
Name: |
|
Mortgage
|
1 |
|
|
Case Type: |
Chattel Mortgage |
|
Registered Number: |
JS(ZH)DZD108168 |
|
Debtor Name: |
Toung Loong Textile Mfg. Co., Ltd. |
|
Registry: |
MOEA Central Office |
|
Name of Mortgagee: |
Mega International Commercial Bank (Banqiao
Branch) |
|
Date of Registration: |
2013-7-26 |
|
Amount of Secure Claims: |
NTD 138,000,000 |
|
Type of Subject Matter: |
Machinery, equipment or tools |
|
2 |
|
|
Case Type: |
Chattel Mortgage |
|
Registered Number: |
JS(ZH)DZD105638 |
|
Debtor Name: |
Toung Loong Textile Mfg. Co., Ltd. |
|
Registry: |
MOEA Central Office |
|
Name of Mortgagee: |
China Development Industrial Bank Inc. |
|
Date of Registration: |
2012-3-30 |
|
Amount of Secure Claims: |
NTD 163,110,000 |
|
Type of Subject Matter: |
Machinery, equipment or tools |
|
3 |
|
|
Case Type: |
Chattel Mortgage |
|
Registered Number: |
JS(ZH)DZD105924 |
|
Debtor Name: |
Toung Loong Textile Mfg. Co., Ltd. |
|
Registry: |
Economic Development Board of Taoyuan City Government |
|
Name of Mortgagee: |
Chang Hwa Commercial Bank (Wanhua Branch) |
|
Date of Registration: |
2012-5-23 |
|
Amount of Secure Claims: |
NTD 68,400,000 |
|
Type of Subject Matter: |
-- |
|
4 |
|
|
Case Type: |
Chattel Mortgage |
|
Registered Number: |
JS(ZH)DZD104592 |
|
Debtor Name: |
Toung Loong Textile Mfg. Co., Ltd. |
|
Registry: |
MOEA Central Office |
|
Name of Mortgagee: |
Mega International Commercial Bank (Banqiao
Branch) |
|
Date of Registration: |
2011-9-1 |
|
Amount of Secure Claims: |
NTD 238,000,000 |
|
Type of Subject Matter: |
Machinery, equipment or tools |
|
5 |
|
|
Case Type: |
Chattel Mortgage |
|
Registered Number: |
G(ZH)DZD090320 |
|
Debtor Name: |
Toung Loong Textile Mfg. Co., Ltd. |
|
Registry: |
Economic Development Board of Taoyuan City Government |
|
Name of Mortgagee: |
Mega International Commercial Bank (Banqiao
Branch) |
|
Date of Registration: |
2007-3-16 |
|
Amount of Secure Claims: |
NTD 33,000,000 |
|
Type of Subject Matter: |
Machinery, equipment or tools |
|
6 |
|
|
Case Type: |
Chattel Mortgage |
|
Registered Number: |
G(ZH)DZD078066 |
|
Debtor Name: |
Toung Loong Textile Mfg. Co., Ltd. |
|
Registry: |
Economic Development Board of Taoyuan City Government |
|
Name of Mortgagee: |
Chiao Tung Bank (Banqiao Branch) |
|
Date of Registration: |
2003-12-19 |
|
Amount of Secure Claims: |
NTD 345,173,000 |
|
Type of Subject Matter: |
Machinery, equipment or tools |
|
7 |
|
|
Case Type: |
Chattel Mortgage |
|
Registered Number: |
G(ZH)DZD069709 |
|
Debtor Name: |
Toung Loong Textile Mfg. Co., Ltd. |
|
Registry: |
Economic Development Board of Taoyuan City Government |
|
Name of Mortgagee: |
Chiao Tung Bank (Banqiao Branch) |
|
Date of Registration: |
2001-3-19 |
|
Amount of Secure Claims: |
NTD 32,696,400 |
|
Type of Subject Matter: |
Machinery, equipment or tools |
|
8 |
|
|
Case Type: |
Chattel Mortgage |
|
Registered Number: |
G(ZH)DZD066911 |
|
Debtor Name: |
Toung Loong Textile Mfg. Co., Ltd. |
|
Registry: |
Economic Development Board of Taoyuan City Government |
|
Name of Mortgagee: |
Chiao Tung Bank (Banqiao Branch) |
|
Date of Registration: |
2000-7-28 |
|
Amount of Secure Claims: |
NTD 208,726,000 |
|
Type of Subject Matter: |
Machinery, equipment or tools |
Note: Recently, the registry of Taiwan has updated its official system
of mortgage, the form and content of the company mortgage has been changed. We
can only obtain the mortgage in new form as above for your reference.
Lawsuit
Up to date of report, no existing or latent
litigation of the subject has been found.
Interview Details
|
Name |
Ms. Lin |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.62 |
|
|
1 |
Rs.100.34 |
|
Euro |
1 |
Rs.70.67 |
|
TWD |
1 |
Rs.2.04 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
|
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.