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Report Date : |
29.12.2012 |
IDENTIFICATION DETAILS
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Name : |
DIGITOP TECHNOLOGY CORPORATION |
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Registered Office : |
7fl., No.1, Fu Hsing N. Rd., Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
20.12.1999 |
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Com. Reg. No.: |
70463876 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Engaged in trading of mobile phone accessories, but since we did not get in touch with subject, the information is not confirmed. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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Taiwan |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
TAIWAN - ECONOMIC OVERVIEW
Taiwan has a dynamic
capitalist economy with gradually decreasing government guidance of investment
and foreign trade. In keeping with this trend, some large, state-owned banks
and industrial firms have been privatized. 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. In 2009, Taiwan's GDP contracted 1.9%, due
primarily to a 20% year-on-year decline in exports. In 2010 GDP grew 10.9%, as
exports returned to the level of previous years, and in 2011, grew 5.2%.
However, 2012 growth will likely be less, according to most forecasters,
because of softening global demand. Taiwan's diplomatic isolation, low birth
rate, and rapidly aging population are major long-term challenges. Free trade
agreements have proliferated in East Asia over the past several years, but so
far Taiwan has been excluded from this greater economic integration largely
because of its diplomatic status with the exception of the landmark Economic
Cooperation Framework Agreement (ECFA) signed with China in June 2010. The MA
administration has said that the ECFA will serve as a stepping stone toward
trade pacts with other regional partners, and negotiations on a deal with Singapore
began this year. Follow-on components of ECFA, including deals on trade in
goods, services, and investment, have yet to be completed. 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 10.9% of the island's total population
as of 2011. The island runs a large trade surplus, and its foreign reserves are
the world's fourth largest, behind China, Japan, and Russia. Since 2005 China
has overtaken 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. Three financial memorandums of understanding, covering banking,
securities, and insurance, took effect in mid-January 2010, opening the island
to greater investments from the mainland's financial firms and institutional
investors, and providing new opportunities for Taiwan financial firms to
operate in China. 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
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Company Name: |
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Supplied Name: |
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Supplied Address: |
Notes: Subject’s exact name is as above.
We tried to contact subject through the phone number +886-2-2239-8938
obtained from public files, the number is a fax and we failed to get in touch
with subject through this number.
We did not find any other valid contact information of subject from
public files according to the supplied name or address, either.
Public files show that subject is engaged in trading of cell phone
accessories such as chargers, etc.
Since we did not find subject, the information is not confirmed.
Up to the date of reporting, we failed to get in touch with subject, if
you kindly supply contact information, we’d like to continue our investigation.
We found subject’s registration information from local registry,
supplying as follows for reference.
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Registered Name: |
DIGITOP TECHNOLOGY CORPORATION |
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Registered Address: |
7FL., NO.1, FU HSING N. RD., TAIPEI, TAIWAN, R.O.C. |
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Date of Foundation: |
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Registration Number: |
70463876 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2012.12, 1 NTD = 0.0339 USD) |
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Paid-up Capital: |
NTD 5,000,000 (USD 169,500) |
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Legal Representatives: |
Meiqi Lin |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
Notes: Since we did not
find subject, the information on Principal
Activities and Staff is not available.
Subject was incorporated on
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Name |
Subscription Shares |
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Meiqi Lin |
1,000 |
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Jingui Lin |
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3,500 |
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Changren Lin |
500 |
The information above
is that of subject’s major shareholders.
We can not confirm whether subject has any subsidiaries or branches
Core
Management
Directors
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1 |
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Name |
Meiqi Lin |
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Position |
Board Chairman |
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2 |
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Name |
Jingui Lin |
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Position |
Director |
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3 |
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Name |
Changren Lin |
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Position |
Director |
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4 |
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Name |
Changjie Lin |
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Position |
Supervisor |
Offices
& Factories
We can not confirm subject’s current trading
address.
Production
Information
Public files show
that subject is engaged in trading of mobile phone accessories, but since we
did not get in touch with subject, the information is not confirmed.
We supplied the
registered operation information as follows for reference.
l
The registered activities of subject:
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Business Code |
Details |
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F213060 |
Retails of Telecom equipment |
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F219010 |
Retails of electronic materials |
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F213010 |
Retails of electronic appliance |
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F213030 |
Retails of Routine machine and equipment |
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F401010 |
International Trading Business |
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I301010 |
Information software services |
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E605010 |
Computer equipment installation industry |
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F209010 |
Retails of books and stationery |
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F209030 |
Retails of Toy and entertainment products |
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F201030 |
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F111070 |
Wholesales of metal building materials |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
The settlement information is not available from subject or other
sources.
Subject has no obligations to disclose its financial statements to the
third party according to the relevant policy in Taiwan and the only source from
which we can obtain the information is the subject itself.
Since we did not find subject, the financials are not available.
Information on bank details is not available from subject or other
sources.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.54.85 |
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1 |
Rs.88.39 |
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Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.