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Report Date : |
09.12.2013 |
IDENTIFICATION DETAILS
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Name : |
UNIEXCEL LIMITED
TAIWAN BRANCH (HONG KONG) |
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Registered Office : |
10F, No.356, Fu
Hsing North Road, Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
28.08.1996 |
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Com. Reg. No.: |
97164133 |
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Legal Form : |
Branch of a foreign registered company |
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LINE OF BUSINESS : |
Trading of
plasticizing raw materials, textile raw materials, metals and minerals |
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No. of Employees : |
20 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Branch of a foreign registered company |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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. 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: |
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Supplied Address: |
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Telephone Number: |
+886-2-2506-8570 |
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Fax Number: |
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E-mail: |
We contacted with the
subject through the supplied telephone number, the subject introduced that the
supplied name is its trading name and the exact name and address are as above.
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Registered Name: |
Uniexcel Limited Taiwan
Branch (Hong Kong) |
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Registered
Address: |
10F, No.356, Fu
Hsing North Road, Taipei, Taiwan, R.O.C. |
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Date of
Foundation: |
1996-8-28 |
|
Registration
Number: |
97164133 |
|
Registry: |
Department
of Commerce, Ministry of Economic Affairs, R.O.C. |
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In the Republic of
China Operating Funds: |
(As of 2013.12, 1
NTD = 0.0340 USD) |
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Litigation and
Non-litigation Agent's Name:: |
Suresh Kumar
Chauhan |
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Legal Form: |
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Principal
Activities: |
Trading of plasticizing raw materials, textile raw materials, metals
and minerals and etc. |
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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 1996-8-28 with registered number 97164133 as a Branch of Uniexcel Limited in Taiwan.
|
Name |
Uniexcel Limited |
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Place of Origin |
Hong Kong |
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% of investment |
100% |
Parent Company
|
Name |
Uniexcel Limited |
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Place of Origin |
Hong Kong |
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% of investment |
100% |
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Date of Foundation: |
1991-1-22 |
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Registration Number: |
297571 |
Related Companies
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1 |
|
|
Name |
Shanghai Uniexcel Trading Co., Ltd. |
|
Address |
Room 2801, Far East International Plaza, B Building, #317, Xian Xia Road, Shanghai 200051, China |
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Telephone Number |
+86-21-6295-8211 |
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Fax Number |
+86-21-6295-9636 |
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2 |
|
|
Name |
Uniexcel General Trading L.L.C. |
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Address |
P. O. Box 26460, Dubai U.A.E. |
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Telephone Number |
+971-4-393-9233 |
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Fax Number |
+971-4-393-9322 |
Note: It is introduced that subject has offices in Shenzhen City, Mainland China, and India, but the details information we cannot obtain from any sources.
Core Management
|
Name |
Suresh Kumar Chauhan |
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Position |
Manager |
Personnel Structure
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Total Employees |
About 20 Employees |
Offices & Factories
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|
Headquarters |
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Add |
Production Information
Subject is a trader of plasticizing raw materials, textile raw materials, metals and minerals, etc without any production activities
Purchase Information
The registered activities of subject:
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|
Details |
|
1 |
General import and export trading business Besides licensed business |
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2 |
Bidding and price quoting service of the above mentioned items for domestic and overseas market. |
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3 |
Business in China must not beyond the scope of the company’s operating |
It is introduced that subject purchases its products both at home and abroad.
It is introduced that subject purchases raw materials mainly from cooperative factories in Taiwan.
It is introduced that subject imports some raw materials of textiles from India.
The subject is mainly engaged in sales of plasticizing raw materials, textile raw materials, metals and minerals, etc
It is introduced that subject’s selling territory includes China, Japan, Thailand, Indonesia, Malaysia, Hong Kong, Vietnam, Bangladesh, Dubai, India, Nepal, Iran, and Romania, etc.
It is introduced that subject’s major customers are China, Japan, Thailand, Indonesia, Malaysia, Hong Kong, Vietnam, Bangladesh, Dubai, India, Nepal, Iran, and Romania, etc.
Major products
|
Product |
Sales Region |
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Plasticizing Raw Materials |
EVA, PVC, HDPE, LLDPE, LDPE, ABS, GPPS, HIPS, PP |
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Ferrous and Non-ferrous Metals |
Aluminum, Zinc, Copper Ferrous and Non-ferrous Scrap |
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Industrial Raw Materials |
Iron and Other Ores |
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Petroleum Products |
Oils / Wax / Chemical / Polymers |
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Raw Material to Steel Industry |
Magnesium, Silicon |
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Textile Raw Materials |
Silk Yarn and Silk Fabrics Textiles and Fabrics PU Leather |
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Product |
Terms |
Proportion |
|
Plasticizing and textile raw materials, etc |
Cash, T/T, Credit Sales, etc |
100% |
Foreign Purchase
|
Product |
Terms |
Proportion |
|
Plasticizing and textile raw materials, etc |
T/T, L/C, etc |
100% |
Sales
Domestic Markets
|
Product |
Terms |
Proportion |
|
Plasticizing and textile raw materials, etc |
Cash, T/T |
100% |
Export
|
Product |
Terms |
Proportion |
|
Plasticizing and textile raw materials, etc |
T/T, 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. Qiu 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.
|
Name |
Ms. Qiu |
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Department |
Sales Department |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. |
|
|
1 |
Rs. |
|
Euro |
1 |
Rs. |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
|
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 |
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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.