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Report Date : |
24.11.2012 |
IDENTIFICATION DETAILS
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Name : |
SERGIO VALENTE INC. |
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Registered Office : |
9F., No.760, Sec. 4, Bade Rd., Songshan
Dist., |
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Country : |
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Date of Incorporation : |
25.12.2002 |
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Com. Reg. No.: |
80147744 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Import and sales of wine, etc |
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No. of Employees : |
About 30 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Taiwan |
a2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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: |
|
|
Supplied Name: |
Sergio Valente Inc |
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Trading Address: |
9F., No.760, Sec. 4, Bade Rd., Songshan Dist., Taipei City 10567, Taiwan (R.O.C.) |
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Supplied Address: |
|
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Telephone Number: |
+886-2-2760-8198 |
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Fax Number: |
+886-2-2760-7358 |
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E-mail: |
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Website: |
Notes: Subject’s current trading address is as above, supplied address belongs
to subject’s former address.
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Credit Opinion: |
|
Registered Name: |
Sergio Valente Inc. |
|
Registered Address: |
9F., No.760, Sec. 4, Bade Rd., Songshan
Dist., Taipei City 10567, Taiwan (R.O.C.) |
|
Date of Foundation: |
2002-12-25 |
|
Registration Number: |
80147744 |
|
Registry: |
Taipei City Government |
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Registered Capital: |
NTD 36,000,000 (USD
1,198,800) (As of 2012.08, 1 NTD = 0.0333 USD) |
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Paid-up Capital: |
NTD 36,000,000 (USD 1,198,800) |
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Legal Representatives: |
Jianing Xu |
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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: |
Subject was incorporated on 2002-12-25 with registered number 80147744 as Joint Stock Company in Taiwan.
Change of Address
|
Former
Address |
12FL.,
No.112, Sec.2, Changan E. Rd., Taipei, Taiwan 104,
R.O.C. |
|
Current
Address |
9F.,
No.760, Sec. 4, Bade Rd., Songshan Dist., Taipei
City 10567, Taiwan (R.O.C.) |
|
Name |
Subscription Shares |
|
Jianing Xu |
720,000 |
|
Anqi Jin |
1,000,000 |
|
Jialong Xu |
868,000 |
The information above is that of subject’s major shareholders.
Branch Offices
|
1 |
|
|
Name |
Sergio Valente Flagship Store |
|
Address |
No.10, Sec.1, Anhe Road, Da-An District,
Taipei City 106, Taiwan, (R.O.C) |
|
Telephone Number |
+886-2-2751-0999 |
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2 |
|
|
Name |
Taichung Branch Office |
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Address |
No.8, Alley 120,
Lane 33, Sec.3, Dafu Road, Tanzih
Township, Taichung County 427, Taiwan, (R.O.C) |
|
Telephone Number |
+886-4-2535-2071 |
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3 |
|
|
Name |
Kaoxiong Branch Office |
|
Address |
8 Floor,
No.179-3, Jiuru Er Road, Sanmin District, Kaoxiong City
807, Taiwan, (R.O.C) |
|
Telephone Number |
+886-0915-131351 |
Core
Management
|
1 |
|
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Name |
Jianing Xu |
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Position |
Board Chairman |
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2 |
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|
Name |
Zhijie Li |
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Position |
Director |
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3 |
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Name |
Anqi Jin |
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Position |
Director |
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4 |
|
|
Name |
Jialong Xu |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 30 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
9F., No.760,
Sec. 4, Bade Rd., Songshan Dist., Taipei City
10567, Taiwan (R.O.C.) |
Production
Information
l
It is introduced that subject owns doktor in France which specializes in producing wine and
the annual capacity is 32,000,000 bottles.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401171 |
Import of liquor |
|
F203020 |
Retail of cigarette and liquor |
|
F203010 |
Retail of food and beverage |
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C306010 |
Needle trade |
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F401010 |
International trade business |
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F104010 |
Wholesale of textile |
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F104020 |
Wholesale of garment |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject import wine from France, Scotland, Italy,
Germany, Spain, Hungary, America, Chile, Australia, and Japan, etc.
l
Subject is engaged in sales of liquor, wine,
champagne, and mineral water, etc.
l
Subject is the agent of many brands such as Robert Mondavii Winery, Dominus Estate, Heitz Cellar, Gaja, Joseph Drouhin, Chateau de Beaucastel,
Jean-Pierre Moueix, Vega Sicilia,
Sena, Champagne Bollinger, etc,
l
Subject sells their products to local hotels,
restaurants, supermarkets and department stores, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase (Taiwan)
Subject has little domestic purchase.
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Wine, etc |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Wine, etc |
COD, CBD, etc |
100% |
Export
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.
Subject’s relevant staff Mr. Chen declined to supply the full financial figures of subject, and he just disclosed subject’s sales figure is as following:
|
Year |
Sales |
|
2011 |
About NTD 700,000,000 |
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 |
Mr. Chen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.34 |
|
UK Pound |
1 |
Rs.88.30 |
|
Euro |
1 |
Rs.71.37 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
|
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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.