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Report Date : |
24.09.2012 |
IDENTIFICATION DETAILS
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Name : |
LANDMARK VICTOR (TAIWAN) CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
16.11.1989 |
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Com. Reg. No.: |
23590817 |
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Legal Form : |
Joint Stock Company |
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line of business
: |
Import and sales of chemical products. |
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No. of Employees : |
Over 30 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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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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: |
Landmark Victor (Taiwan) Co., Ltd. |
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Supplied Name: |
Landmark Victor (Taiwan) Co. Ltd. |
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Trading Address: |
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Supplied Address: |
RMA 13/F 248 Nanking Road Sec 3 Taipei |
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Telephone Number: |
+886-2-2740-1418 |
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Fax Number: |
+886-2-2721-1260 |
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E-mail: |
Notes: Subject’s exact name and address are as
above.
Subject was incorporated on
Awards
|
Year |
Awards |
|
2008 |
Blue chip importer and exporter |
|
2010 |
Blue chip importer and exporter |
Standard of Blue chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2008 |
19,000,000 |
|
2010 |
20,000,000 |
|
Name |
Subscription Shares |
|
Hua Lun Investment Co., Ltd (Literal Translation) |
55,440 |
| Weihao
Ho |
30,240 |
|
Jiarong Xu |
16,800 |
|
Maoxiong Zeng |
5,040 |
|
Lizhen Zhou |
5,040 |
The information above is that of subject’s major shareholders.
It is introduced that subject has warehousing
facilities in Linkou, Taiwan, while the details
are not disclosed.
Core Management
Directors
|
1 |
|
|
Name |
Victor Chou (Zhengcun Chou) |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Weihao Ho |
|
Position |
Director & Manager |
|
Date of Appointment |
|
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3 |
|
|
Name |
Jiarong Xu |
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Position |
Director |
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4 |
|
|
Name |
Maoxiong Zeng |
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Position |
Director |
|
5 |
|
|
Name |
Lizhen Zhou |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
Over 30 employees |
Offices & Factories
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|
Headquarters |
|
Add |
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Production Information
Subject is a trader of chemical products without any production
activities
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Sales of Aluminum, Zinc, Copper and Nickel, etc (except gold. Silver
and other disposed goods) |
|
-- |
Sales of chemical materials (except hypertoxicity and disposed goods) |
|
-- |
Import, export and agent, sales, bidding and price quoting business of
the above mentioned items for domestic and overseas customers |
|
F101020 |
Wholesales of vegetables |
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F101030 |
Wholesales of fruits |
|
F101040 |
Wholesales of animal by-products |
|
F101050 |
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F107050 |
Wholesales of fertilizer |
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F112010 |
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F112040 |
Wholesales of petroleum products |
|
F102030 。 |
Wholesales of cigarette and liquor |
|
F401171 |
Imports of liquor |
|
F113020 。 |
Wholesales of electrical equipment |
|
F401010 |
International Trading Business |
Subject purchases both at home and abroad.
Major products purchased
|
Product |
Region |
|
Jiangsu Province, China |
|
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South Korea |
|
|
Sodium Hydroxide Solution |
Shanghai City, China |
|
Bulgaria |
|
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Jiangsu Province, China |
|
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1 - Chloro – 2, 3 - Epoxy Propane |
The mainland of China |
|
The mainland of China |
|
|
The mainland of China |
|
|
Thailand |
The subject is mainly engaged in sales of
chemical products, etc
Subject’s products are both sold in domestic and overseas market.
Subject’s customers are dealers, agricultural
producers, etc
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Chemical
products, etc |
COD, CBD, etc |
100% |
Foreign
Purchase
|
Payment/ Terms |
Proportion |
|
|
Chemical
products, etc |
CBD, L/C, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Chemical
products, etc |
COD, CBD, etc |
100% |
Export
|
Payment/ Terms |
Proportion |
|
|
Chemical
products, etc |
L/C, etc |
100% |
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 Ms. Lv 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
|
2001,Beijian,700 |
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|
Trail Date |
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Reason |
Payment for goods |
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Name |
Ms. Lv |
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Department |
Sales department |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.91 |
|
UK Pound |
1 |
Rs.87.60 |
|
Euro |
1 |
Rs.70.01 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
|
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 |
|
<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.