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Report Date : |
17.12.2013 |
IDENTIFICATION DETAILS
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Name : |
HANAQUA TECH INC. |
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Registered Office : |
5F., No.15, Sec.2, |
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Country : |
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Date of Incorporation : |
13.06.1996 |
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Com. Reg. No.: |
97088380 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is mainly engage in fish
farming and processing of aquatic feeds |
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No. of Employees : |
10 |
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 : |
Slow but correct |
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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 |
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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. 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.
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
F14, No.190,
Min-Cheng 2nd Road, Tso-Ying District, Kaohsiung City, Taiwan,
R.O.C. |
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Supplied Address: |
5F, No. 15, Sec
2, Keelung Road, Sinyi District, Taipei City 110 |
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Telephone Number: |
+886-7-557-0119 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as
above.
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Registered Name: |
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Registered Address: |
5F., No.15, Sec.2, Kee Lung Rd., Taipei,
Taiwan, R.O.C. |
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Date of Foundation: |
1996-6-13 |
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Registration Number: |
97088380 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2013.12, 1 NTD = 0.0335 USD) |
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Legal Representatives: |
Yuanfu Xie |
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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 1996-6-13 with registered number 97088380
as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Yuanfu Xie |
8,000,000 |
The information above is that of subject’s major shareholders.
Core Management
Directors
|
Name |
Yuanfu Xie |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 10 Employees (Office) |
Offices &
Factories
|
|
Headquarters |
|
Add |
F14, No.190, Min-Cheng 2nd Road, Tso-Ying District,
Kaohsiung City, Taiwan, R.O.C. |
·
Subject is mainly engage in fish farming and processing of aquatic feeds
·
It is introduced that subject has a breeding plant
for fish farming and a factory for
processing in Taiwan.
·
It is introduced that
subject has cooperative plants in Indonesia, India, Thailand and Vietnam
The registered activities of subject:
|
Business Code |
Details |
|
A301030 |
Aquaculture industry |
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CC01080 |
Manufacturing of electronic components |
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E603050 |
Automatic control equipment engineering |
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E605010 |
Installation of computer equipment |
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F101050 |
Wholesale of aquatic product |
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F102020 |
Wholesale of edible fat and oil |
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F102170 |
Wholesale of food grocery |
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F103010 |
Wholesale of feed |
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F113050 |
Wholesale of computer and office equipment |
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F113990 |
Wholesale of other machinery |
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F119010 |
Wholesale of electronic components |
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F201030 |
Retail of aquatic product |
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F202010 |
Retail of feed |
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F203010 |
Retail of food, beverage and grocery |
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F401010 |
International trade business |
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I301010 |
Software service |
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IG01010 |
Biological technical service |
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IG02010 |
Research and development service |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
It is introduced that subject purchases its fries, feedings both at home
and abroad.
·
The subject is mainly engaged in sales of aquatic
feeds
·
It is introduced that subject’s selling territory
includes Indonesia, Japan, South Korea, Malaysia, Singapore, Thailand, Vietnam,
USA, Canada, and Mexico
·
It is introduced that subject’s major customers are
supermarkets, restaurants
Major Products
|
Types |
Product |
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Seafood Combo |
Anadara spp |
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Gomphina spp. |
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Clam |
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Sharimps and Surim |
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Mussel |
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Squid and Octopus |
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Tilapia |
Sashimi grade, IQF, IWP |
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Normal grade, IQF, IWP |
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Tilapia G & S, IQF, IWP |
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Tilapia block |
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Seafood toppings |
Cobia |
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Red-drum |
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Squid |
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Suzuki seabass |
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Shrimp |
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Tilapia |
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Tuna |
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Surimi |
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
Domestic
Purchase
|
Payment Terms |
Proportion |
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Fries, feedings |
COD, CBD |
100% |
Foreign
Purchase
|
Payment Terms |
Proportion |
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Fries, feedings |
CBD |
100% |
Sales
Domestic
Markets
|
Sales Terms |
Proportion |
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Seafood and
aquatic feeds |
COD, CBD |
100% |
Export
|
Sales Terms |
Proportion |
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|
Seafood and aquatic
feeds |
CBD |
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 operator 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 |
The operator |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
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|
1 |
Rs.101.27 |
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Euro |
1 |
Rs.85.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.