|
Report Date : |
26.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
KIKXON ENTERPRISE CO., LTD. |
|
|
|
|
Registered Office : |
9F-1, No.78, Chang Chun Rd., Taipei |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
06.03.1987 |
|
|
|
|
Com. Reg. No.: |
22422399 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of chemical products and etc. |
|
|
|
|
No. of Employees : |
About 5 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
No Complaints |
|
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
|
Company Name: |
|
|
Supplied Name: |
KIKXON ENTERPRISES CO. LTD |
|
Trading Address: |
9F-1, No.78, Chang Chun Rd., Taipei, Taiwan |
|
Supplied Address: |
9F-1, No. 78, Chang Chun Road Taipei |
|
Telephone Number: |
+886-2-2563-6653 |
Notes: The exact name and address are as above.
|
Credit Opinion: |
|
Registered Name: |
Kikxon Enterprise Co., Ltd. |
|
Registered Address: |
9F-1, No.78, Chang Chun Rd., Taipei, Taiwan |
|
Date of Foundation: |
1987-3-6 |
|
Registration Number: |
22422399 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
(As of 2013.08, 1 NTD = 0.0335 USD) |
|
Legal Representatives: |
Qingsen Huang |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject was incorporated on 1987-3-6 with registered
number 22422399 as Private
Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Qingsen Huang |
1,500,000 |
The information
above is that of subject’s major shareholders.
Subject did not introduce whether it has any
subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Core
Management
|
Name |
Qingsen Huang |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 5 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
Production
Information
l
Subject is a trader of chemical products and etc
without any production activities
Purchase
Information
l
The registered activities of subject:
|
|
Details |
|
-- |
Trading of dye, addition agents (except for the
market of the gasoline and diesel oil control products), and chemical
products for paper. |
|
-- |
Importing and exporting of above related
products. |
|
-- |
Agent of domestic and overseas manufacturers’
marking price, bidding and etc for above related products. |
|
-- |
Operating and investment of above related
business. |
l
It is introduced that subject purchases its
products both at home and abroad.
l
The subject is mainly engaged in sales of chemical
products and etc.
l
It is introduced that subject’s major products are
dyes, related chemical products for paper.
l
It is introduced that subject’s selling territory
is mainly in Taiwan domestic market.
l
It is introduced that subject’s major customers
are manufacturers of textiles, paper and etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Chemical
products and etc. |
COD, CBD and
etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Chemical
products and etc. |
CBD and etc |
100% |
Sales
Domestic Markets
(Taiwan)
|
Sales Terms |
Proportion |
|
|
Chemical
products and etc. |
COD, CBD and
etc |
100% |
Export
The subject has little 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’s relevant staff Mr. Huang 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
cannot 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.
|
Name |
Mr. Huang |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.69 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.86.30 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.