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Report Date : |
16.08.2013 |
IDENTIFICATION DETAILS
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Name : |
GIANT YOUNG STATIONERY CO., LTD. |
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Registered Office : |
No.468-7, Sinsheng Rd., Bade City, Taoyuan
County 33453 |
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Country : |
Taiwan |
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Date of Incorporation : |
04.09.1995 |
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Com. Reg. No.: |
89691864 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacture and sale of stationery. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
TAIWAN - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually
decreasing government guidance of investment and foreign trade. 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 1.8%, due
primarily to a 13.1% year-on-year decline in exports. In 2010 GDP grew 10.7%,
as exports returned to the level of previous years, and in 2011, grew 4.0%. In
2012, however, growth fell to 1.3%, 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 except for the landmark Economic
Cooperation Framework Agreement (ECFA) signed with China in June 2010, so far
Taiwan has been excluded from this greater economic integration in part because
of its diplomatic status. Negotiations continue on such follow-on components of
ECFA regarding trade in goods and services. The MA administration has said that
the ECFA will serve as a stepping stone toward trade pacts with other key trade
partners, which Taiwan subsequently launched with Singapore and New Zealand.
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 11.2% of the island's
total population as of 2012. The island runs a large trade surplus largely
because of its surplus with China, and its foreign reserves are the world's
fifth largest, behind China, Japan, Saudi Arabia, and Russia. In 2006 China
overtook 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. In August 2012, Taiwan Central Bank signed a memorandum of
understanding on cross-Strait currency settlement with its Chinese counterpart.
The MOU allows for the direct settlement of Chinese RMB and the New Taiwan
dollar across the Strait, which could help develop Taiwan into a local RMB hub.
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.468-7,
Sinsheng Rd., Bade City, Taoyuan County 33453, Taiwan R.O.C. |
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Supplied Address: |
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Telephone Number: |
+886-3-368-8835 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above
|
Registered Name: |
GIANT YOUNG STATIONERY CO., LTD. |
|
Registered Address: |
No.468-7, Sinsheng Rd., Bade City, Taoyuan
County 33453, Taiwan R.O.C. |
|
Date of Foundation: |
1995-9-4 |
|
Registration Number: |
89691864 |
|
Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2013.08, 1 NTD = 0.0339 USD) |
|
Legal Representatives: |
Shengwen Li |
|
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: |
Note: Subject’s
relevant staff declined to disclose its staff number; from other source we can
not obtain the relevant information, either.
Subject was incorporated
on 1995-9-4 with registered number 89691864
as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Shengwen Li |
15,000,000 |
The information above is that of subject’s major shareholders.
Office:
|
Name |
Ningbo Purchase Office |
|
Address |
Room 303, Unit 2, No. 13, Triton Home, Guanhaiwei Town, Cixi City,
Zhejiang Province, China. |
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Telephone Number |
+86-574-6361-5600 |
|
Fax Number |
+86-574-6361-5601 |
Related Company:
|
Name |
Dongwen Stationery Co., Ltd.(
Literal Translation) |
|
Address |
No.468-7, Sinsheng Rd., Bade City, Taoyuan
County 33453, Taiwan R.O.C. |
Core Management
Director
|
Name |
Shengwen Li |
|
Position |
Director |
Offices & Factories
|
|
Headquarters |
|
Add |
No.468-7, Sinsheng Rd., Bade City, Taoyuan County 33453, Taiwan R.O.C. |
Production
Information
Subject is engaged in manufacturing of stationery.
It is introduced subject has a factory in Taiwan for production, but we we can not obtain the relevant information.
Purchase
Information
The registered activities of subject:
|
1 |
Wholesale business of stationery, paper, office supplies, account
book, report forms. |
|
2 |
Wholesale business of books, magazine, statistical forms, gift. |
|
3 |
Import and export trade business of all the products above. |
|
4 |
Tender offer business of all the products above. |
|
- |
Besides licensed business, all other business
items those are not banned or restricted. |
The raw materials for production are mostly purchased in
domestic markets.
The subject is mainly engaged in sales of stationery, etc.
The major products sold by subject include ball-point pen, liquid paper,
correction tape, sticky note, pencil sharpener, etc.
The subject sales regions include Asia,
Europe, America, Southeast, etc.
Subject sells products with its own brands TOWO,
BOLES,
Subject sells products with agent brand CLASS-MATE, etc.
subject’s main customer include shopping
place, Chain stationery shop, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase (Taiwan and Mainland,
China)
|
Terms |
Proportion |
|
|
Raw Materials |
Cash, T/T, etc |
100% |
Foreign Purchase
Subject has little
import.
Sales
|
Product |
Terms |
Proportion |
|
Stationery |
Cash, T/T, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Stationery |
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. Li declined to
disclose its financials citing the grounds of company’s confidentiality; from
other source we can not obtain the relevant information, either.
|
Name |
Note: Subject’s relevant staff declined to
confirm the supplied bank information; 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.
|
Interview Date |
2013-8-15 |
|
Name |
Ms. Li |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.51 |
|
|
1 |
Rs.94.98 |
|
Euro |
1 |
Rs.81.62 |
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.