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Report Date : |
30.11.2012 |
IDENTIFICATION DETAILS
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Name : |
TECVIEW GROUP CO., LTD. |
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Registered Office : |
7-2 fl., 118 Lane No. 235, |
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Country : |
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Date of Incorporation : |
16.01.1989 |
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Reg. No.: |
23151839 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Trader of furniture and the related
products. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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: |
No.57, Aly. 62,
Ln. 101, Sec. 3, Jiayuan Rd., Shulin Dist., New Taipei City 238, Taiwan
(R.O.C.) |
|
Supplied Address: |
No. 57 Alley 62
Lane 101 Sector - 3 Jinyhaw Road Shulin District New Taipei City 23854 |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
The exact name and address are as above.
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Registered Name: |
Tecview Group Co., Ltd. |
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Registered Address: |
7-2 fl., 118 Lane No. 235, Shiqiao Road, Xindian District, New Taipei
City, Taiwan, R.O.C |
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Date of Foundation: |
|
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Registration Number: |
23151839 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2012.11, 1 NTD = 0.03427
USD) |
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Legal Representatives: |
Liwen Zhan |
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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 declined to disclose the staff number, and from other sources,
we couldn’t obtain the information, either.
Subject was incorporated
on
|
Name |
Subscription
Amount |
|
Liwen Zhan |
12,500,000 |
The information above is that of subject’s major shareholders.
Subject introduced that it has many sales shoppes in Taiwan, but subject
declined to disclose more shoppes information.
Core Management
Directors
|
Name |
Liwen Zhan |
|
Position |
Director |
Offices & Factories
|
|
Headquarters |
|
Add |
No.57, Aly. 62,
Ln. 101, Sec. 3, Jiayuan Rd., Shulin Dist., New Taipei City 238, Taiwan
(R.O.C.) |
Production Information
Subject is a trader of furniture
and the related products without any production activities
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
CN01010 |
Manufacture of
furniture and decoration |
|
F105050 |
Wholesale of
furniture, bedding and Kitchen utensils |
|
F106010 |
Wholesale of
hardware |
|
F106020 |
Wholesale of
daily products |
|
F113010 |
Wholesale of
machinery. |
|
F113030 |
Wholesale of
precious instruments. |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
The productions are mostly purchased from abroad.
·
Subject is mainly engaged in trading of furniture and the related products.
·
Subject introduced that
its Major
products sold as following:
|
|
Product |
|
1 |
|
|
2 |
Bamboo Products |
|
3 |
Computer Desk |
|
4 |
Computer Chair |
|
5 |
Office
Accessories |
|
6 |
LOHAS Furniture |
|
7 |
Children’S
Furniture |
|
8 |
Outdoor &
Meeting Chair |
|
9 |
Ultrasonic
Lonizer Aroma Diffuser |
|
10 |
Bronze
Decoration |
|
11 |
Others |
·
Subject introduced that it has some shoppes in the
shopping mall of Taiwan, and subject introduced that it also sells the products
on Internet.
·
Subject introduced that the customer can pay the
products by cash or ATM transfer remittances, etc.
·
Subject’s selling territory cover all over the
world, such as America, Canada, Europe, Southeast Asia and so on.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Subject declined to disclose the purchase settlements
information, and from other sources, we couldn’t obtain the information,
either.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Furniture and the related products |
COB, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Furniture and the related products |
L/C , T.T, etc. |
100% |
Notes: Subject’s settlement for export is
generally in USD
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 declined to disclose
its financials citing the grounds of company’s confidentiality; from other
source we can not obtain the relevant information, either.
The bankers’ information is not available from
the subject or other sources.
Lawsuit
|
Lawsuit Number: |
93,Bei Xiao Diao,1583 |
|
Lawsuit Date |
|
|
Lawsuit Cause |
Pay back the check |
|
Name |
N/A |
Note:
A lady answered the phone, but declined to
disclose her name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.20 |
|
|
1 |
Rs.88.37 |
|
Euro |
1 |
Rs.71.47 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.