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Report Date : |
27.11.2012 |
IDENTIFICATION DETAILS
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Name : |
GO FAR INTERNATIONAL CO., LTD. |
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Registered Office : |
8F-2, No.93, |
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Country : |
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Date of Incorporation : |
17.12.1993 |
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Com. Reg. No.: |
84714092 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of animal nutrition and animal health care
products |
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No. of Employees : |
About 20 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 |
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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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Trading Address: |
8F-2, No.93,Chung Cheng 3rd Road
, Kaohsiung, Taiwan, R.O.C. |
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Supplied Address: |
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Telephone Number: |
+886-7-291-0536 |
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Fax Number: |
+886-7-272-9543 |
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E-mail: |
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Website: |
Notes: The exact name and address are as above.
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Credit Opinion: |
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Registered Name: |
Go Far International Co., Ltd. |
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Registered Address: |
8F-2, No.93,Chung Cheng 3rd Road , Kaohsiung, Taiwan, R.O.C. |
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Date of Foundation: |
1993-12-17 |
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Registration Number: |
84714092 |
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Registry: |
Politics Economic Development Administration of Kaohsiung City |
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Registered Capital: |
(As of 2012.11, 1 NTD = 0.0340 USD) |
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Legal Representatives: |
Liangrong Chen |
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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 1993-12-17 with registered number 84714092 as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Liangrong Chen |
4,000,000 |
The information above is that of subject’s major shareholders.
Related Companies
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1 |
|
|
Name |
|
|
Address |
8F-2, No.93,Chung Cheng 3rd Road , Kaohsiung, Taiwan, R.O.C. |
|
2 |
|
|
Name |
Pacesetter
Enterprise Co., Ltd |
|
3 |
|
|
Name |
Agriculture
& Livestock Co., Ltd. |
|
4 |
|
|
Name |
Jauh Terng
Enterprise Co., Ltd |
Core
Management
|
Name |
Liangrong Chen |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 20 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
8F-2, No.93,Chung Cheng 3rd Road , Kaohsiung, Taiwan, R.O.C. |
l
Subject is a trader of animal nutrition and animal health care products without any
production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
Wholesale of
animal medicine |
|
|
I103010 |
Company
management and consultant service |
|
I301010 |
Software service |
|
F108040 |
Wholesale of
cosmetic |
|
F107050 |
Wholesale of fertilizer |
l
Subject purchases
products from both home and abroad such as India, America and Europe, etc.
l
Subject is engaged in
sales of animal nutrition and animal health care products, etc.
l
Subject sales region is
major in domestic market such as Taiwan and Mainland China.
Major products
sold
|
Type |
Product |
|
Animal Medicine |
Quaternary Ammonium Compound Ivermectin Inj. Vit. AD3E Inj. Amoxicillin Inj. Tylosin Inj. |
|
Animal Health Care |
Joint Health Chewable Tablet Intestinal Health Chewable Tablet Vitamin Complex Chewable Tablet Teeth Clean Series |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase (Mainland China)
|
Payment Terms |
Proportion |
|
|
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Animal medicine, etc |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Animal medicine, 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. Gong declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.
|
Name |
Shanghai Commercial & Saving bank Ltd.
kaohsiung City taiwan |
Note: The bank information is not confirmed by subject.
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. Gong |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.69 |
|
UK Pound |
1 |
Rs.89.20 |
|
Euro |
1 |
Rs.72.10 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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 |
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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.