|
Report Date : |
16.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
RSI, RETAIL SUPPORT INTERNATIONAL CORPORATION |
|
|
|
|
Registered Office : |
7F, No.560, Sec.4, Chung Shiaw E. Rd., Taipei |
|
|
|
|
Country : |
Taiwan |
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|
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Date of Incorporation : |
13.08.1990 |
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|
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Com. Reg. No.: |
23529784 |
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|
|
|
Legal Form : |
Joint Stock Company |
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|
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Line of Business : |
Providing transportation, storage, import and export services, etc |
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|
|
|
No. of Employees : |
About 780 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
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. 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
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.37, Beiyuan Road, Zhongli City, Taoyuan
County, Taiwan, R.O.C. |
|
Supplied Address: |
|
|
Telephone Number: |
+886-3451-3881 |
|
Fax Number: |
+886-3451-3278 |
|
Website: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
Subject was incorporated on 1990-8-13 with registered
number 23529784 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
President Chain Store Corporation. |
6,430,000 |
|
Uni-President Enterprises Corp. |
|
|
5,144,000 |
|
|
Nanlien International Corporation |
5,144,000 |
|
Mitsubishi Corporation |
3,858,000 |
|
Mitsubishi Corporation (Taiwan) Ltd. |
2,572,000 |
The information
above is that of subject’s major shareholders.
Related Companies
|
1 |
|
|
Name |
President Chain
Store Corporation. |
|
Address |
No.37, Beiyuan
Road, Zhongli City, Taoyuan County, Taiwan, R.O.C. |
|
Telephone Number |
+886-3-451-3881 |
|
Fax Number |
+886-3-451-3278 |
|
2 |
|
|
Name |
Uni-President
Enterprises Corp. |
|
Date of
Registration |
1967-8-25 |
|
Registered
Address |
No.301,
Zhongzheng Rd., Yongkang Dist., Tainan City 71001, Taiwan (R.O.C.) |
|
Telephone Number |
+886-6-253-2121 |
|
Listed at Stock
Exchange |
Yes; Stock
Symbol: TPE:1216 |
|
3 |
|
|
Name |
Nanlien
International Corporation |
|
Address |
12th Floor,
No.560, Sec 4, Zhongxiao East Road, Taipei City, Taiwan, R.O.C. |
|
Telephone Number |
+886-2-2758-2911 |
|
Listed at Stock
Exchange |
+886-2-2729-7142 |
|
4 |
|
|
Name |
Mitsubishi
Corporation |
|
Address |
2-6-3, Marunouchi,
Chiyoda-ku, Tokyo 100-8086 Japan |
|
Telephone Number |
+81-3210-2121 |
|
Listed at Stock
Exchange |
Yes; Stock
Symbol: TSE: 8058)(UK: MBC)(US: MSBHY |
|
5 |
|
|
Name |
Mitsubishi
Corporation (Taiwan) Ltd. |
|
Address |
14F., No.87, Songjiang
Road, Taipei City, Taiwan, R.O.C. |
|
Telephone Number |
+886-2-2507-3456 |
|
Fax Number |
+886-2-2508-9105 |
Core
Management
Directors
|
1 |
|
|
Name |
Zhongren Xu |
|
Position |
Board Director |
|
2 |
|
|
Name |
Guoxuan Wu |
|
Position |
Director |
|
3 |
|
|
Name |
Longyi Lin |
|
Position |
Director |
|
4 |
|
|
Name |
Zhixian Luo |
|
Position |
Director |
|
5 |
|
|
Name |
Maoyuan Wu |
|
Position |
Director |
|
6 |
|
|
Name |
Zhounan Lingtian |
|
Position |
Director |
|
7 |
|
|
Name |
Puxiu San |
|
Position |
Director |
|
8 |
|
|
Name |
Guize Qiuji |
|
Position |
Director |
|
9 |
|
|
Name |
Xindi Lai |
|
Position |
Supervisor |
|
10 |
|
|
Name |
Tingli Lin |
|
Position |
Supervisor |
|
11 |
|
|
Name |
Jieshan Chen |
|
Position |
Manager |
Personnel
Structure
|
Total Employees |
About 780 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.37, Beiyuan Road, Zhongli City, Taoyuan County, Taiwan, R.O.C. |
Operation
Information
l
Subject is engaged in providing transportation,
storage, import and export services, etc.
l
Subject’s service region is major in Taiwan
domestic market.
l
It is introduced that subject has many offices in
different parts of Taiwan.
l
Subject’s major customers include 7-ELEVEN, COSMED,
MUJI, SANTA CRUZ, PLAZA, STARBUCKS, MISTER DONUT, 21 CENTURY, COLD STONE,
AFTERNOON TEA, and Semeur De Pain, etc.
l
The major products transported by subject include
food, beverage, medicine, and daily supplies, etc.
l
The registered activities of subject:
|
Business Code |
Details |
|
A102060 |
Food industry |
|
F101040 |
Wholesale of domestic animal and fowl |
|
F101050 |
Wholesale of aquatic product |
|
F101100 |
Wholesale of flowers |
|
F101130 |
Wholesale of vegetable and fruit |
|
F102020 |
Wholesale of edible fat and oil |
|
F102030 |
Wholesale of tobacco and alcohol |
|
F102040 |
Wholesale of beverage |
|
F103010 |
Wholesale of feed |
|
F106020 |
Wholesale of daily supplies |
|
F199990 |
Wholesale of other products |
|
F201010 |
Retail of agricultural products |
|
F201020 |
Retail of animal products |
|
F201030 |
Retail of aquatic products |
|
F202010 |
Retail of feed |
|
F206020 |
Retail of daily supplies |
|
F299990 |
Retail of other products |
|
F401010 |
International trade business |
|
F401161 |
Import of tobacco |
|
F401171 |
Import of wine |
|
G801010 |
Storage industry |
|
I103060 |
Consultant service |
|
I301010 |
Software service |
|
IZ06010 |
Distribution & Packing industry |
|
IZ99990 |
Other industry and commerce business |
|
JZ99050 |
Intermediary services |
|
I301020 |
Data processing service |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
It is introduced that the details of settlements
are to be negotiated.
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. Liu 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
|
2004,Beixiao,151 |
|
|
Date of Trial: |
2004-2-12 |
|
Reason: |
Return the payment for goods |
|
Name |
Ms. Liu |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.54 |
|
|
1 |
Rs.87.69 |
|
Euro |
1 |
Rs.72.85 |
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.