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Report Date : |
20.09.2012 |
IDENTIFICATION DETAILS
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Name : |
SOMMELIER WINE EXPERT CO. |
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Registered Office : |
1FL., No.3-79, |
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Country : |
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Date of Incorporation : |
17.04.2003 |
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Com. Reg. No.: |
80313412 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of liquor and alcoholic beverage |
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No. of Employees : |
About 3 employees |
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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 – March 31st, 2012
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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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Trading Address: |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
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Website: |
Notes: Subject’s exact name and address are as above.
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Credit Opinion: |
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Registered Name: |
SOMMELIER WINE EXPERT CO. |
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Registered Address: |
1FL., No.3-79, Tien-Mu West Road, Taipei, Taiwan, R.O.C. |
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Date of Foundation: |
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Registration Number: |
80313412 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2012.09, 1 NTD = 0.0337 USD) |
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Legal Representatives: |
Guoguang Dong |
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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
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Name |
Subscription Amount |
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Guoguang Dong |
270,000 |
The information above
is that of subject’s major shareholder.
It is introduced that subject has wine shops in Taipei Tienmu, Taipei
Hsindian, Tainan and Kaohsiung, etc, while the details are not disclosed.
Core
Management
Director
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Name |
Guoguang Dong |
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Position |
Director & Manager |
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Date of
Appointment |
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Offices
& Factories
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Headquarters |
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Add |
Production
Information
l
Subject is a trader of liquor and alcoholic
beverage without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F203020 |
Retails of cigarette and liquor |
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F301030 |
General Merchandise Industry - |
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F401010 |
International Trading Business |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The purchases liquor mainly abroad from France, Germany,
Spain, Italy, Portugal, South Africa, Chile, Argentina, Australia, etc
Major products
purchased.
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Original Place |
Products |
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France: |
Gustave Lorentz,
Mahler Besse, Champagne R. Renaudin |
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Spain: |
Vinedos Y
Bodegas Munoz, |
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Italy: |
Casa Vinicola
Zonin |
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Portugal: |
Vinhos Borges |
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Chile: |
Sol De Chile |
l
Subject is engaged in liquor and alcoholic beverage
including red wine, white wine and rose wine, etc
l
Subject’s products are mainly sold in the domestic
market in Taiwan and it is introduced that subject has 4 wine shops in Taiwan
for distribution.
l
Subject’s major customers are individuals, stores,
restaurants, etc.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
Subject has little domestic purchase
Foreign Purchase
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Payment Terms |
Proportion |
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Liquor and
alcoholic beverage |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Liquor and
alcoholic beverage |
COD, etc |
100% |
Export
Subject does not 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 declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Subject declined to disclose its bank details; from other source we can
not 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.
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Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.54.26 |
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1 |
Rs.88.14 |
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Euro |
1 |
Rs.71.03 |
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.