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Report Date : |
06.09.2012 |
IDENTIFICATION DETAILS
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Name : |
JOUNG YIN ENTERPRISE CO., LTD. |
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Registered Office : |
No.66, Yao Jiu Chu, Tsai Kung Village, Shin-Kong Hsiang, Chiayi Hsien |
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Country : |
Taiwan |
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Date of Incorporation : |
21.08.1982 |
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Com. Reg. No.: |
66584960 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of paper products (not confirmed) |
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No. of Employees : |
Not Available |
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RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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: |
66 Yaio Tze Chu, Tsai Kong Village Hsin
Kang, 66 Yaio Tze Chu, Tsai Kong Village Hsin Kang, Taiwan |
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Telephone Number: |
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Fax Number: |
Notes: Subject’s exact name and address are as above.
We tried to contact subject through the supplied number +886-5-377-1211,
the number belongs to subject in deed, but the line was transferred to Message
mailbox, we have tried for several times, but the results act as the same.
We did not find any other valid contact of subject from public files
according to the supplied name, registered name or supplied address, either.
We found that subject is engaged in trading of paper products such as one
side coated, while the details are not available.
We will keep trying and update the report with operation details if we
get in touch with subject.
We found subject’s registration information from local registry,
supplying as follows for reference.
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Registered Name: |
Joung Yin Enterprise Co., Ltd. |
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Registered Address: |
No.66, Yao Jiu Chu, Tsai Kung Village, Shin-Kong Hsiang, Chiayi Hsien,
Taiwan (R.O.C.) |
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Date of Foundation: |
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Registration Number: |
66584960 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2012.09,
1 NTD = 0.0334 USD) |
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Paid-up Capital: |
NTD 20,000,000
(USD 668,000) |
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Legal Representatives: |
Wuxiong 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: the staff number is not available from
subject or other sources.
Subject was incorporated on
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Name |
Subscription Shares |
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Wuxiong Lin |
1,640 |
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Wuliang Lin |
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100 |
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Meihua Linjiang |
60 |
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Meiwei Lai |
200 |
The information
above is that of subject’s major shareholders.
Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Core
Management
Directors
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1 |
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Name |
Wuxiong Lin |
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Position |
Board Chairman |
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2 |
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Name |
Wuliang Lin |
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Position |
Director |
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3 |
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Name |
Meihua Linjiang |
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Position |
Director |
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4 |
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Name |
Meiwei Lai |
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Position |
Supervisor |
Offices
& Factories
We can not confirm subject’s current trading
address.
Operation
Information
We can not confirm subject’s operation details, public files show that subject
is engaged in trading of paper products, but the information is not confirmed.
l
The registered activities of subject:
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Business Code |
Details |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
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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 information is not available.
The bank details are 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.
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Notes: |
We did not get in touch with subject, and we will keep trying and
update the report if there is any new development. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.55.89 |
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1 |
Rs.88.63 |
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Euro |
1 |
Rs.70.02 |
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.