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Report Date : |
04.06.2013 |
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 : |
15.02.2001 |
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Com. Reg. No.: |
97164133 |
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Legal Form : |
Branch of Uniexcel Limited Registered in Hong Kong |
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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 : |
About 20 Employees |
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 : |
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 |
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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: |
10th Floor, Flat No. 356, Fuhsing North Road
Taipei 104 Taiwan |
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Telephone Number: |
+886-2-2506-8570 |
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Fax Number: |
+886-2-2506-0547 |
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E-mail: |
Notes: The exact name and address are as above.
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Credit Opinion: |
Notes: Subject declined to
disclose its staff number; from other source we cannot obtain the relevant
information, either.
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% |
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Name |
Uniexcel Limited |
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Date of Incorporation |
1991-1-22 |
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Registered Number |
0297571 |
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Place of Origin |
Hong Kong |
Related Companies
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1 |
|
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Name |
Shanghai
Uniexcel Trading Co., Ltd. |
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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 |
|
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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
l
Subject is a trader of plasticizing raw materials, textile raw materials, metals and minerals, etc without any
production activities.
Purchase
Information
l
The registered activities of subject:
|
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 |
l
Subject purchases plasticizing raw materials mainly
from its cooperative manufacturers in Taiwan domestic market.
l It is introduced
that subject purchases some textile raw materials from India.
l The subject is
mainly engaged in sales of plasticizing
raw materials, textile raw materials, metals and minerals, etc.
l
Subject’s sales regions include Taiwan, China,
Japan, Thailand, Indonesia, Malaysia, Hong Kong, Vietnam, Bangladesh, Dubai,
India, Nepal, Iran, and Romania, etc.
l
Subject’s products are applied to plastics industry,
textile industry, and steel industry, 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
|
Terms |
Proportion |
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Plasticizing and
textile raw materials, etc |
Cash, T/T,
Credit Sales, etc |
100% |
Foreign Purchase
|
Terms |
Proportion |
|
|
Plasticizing and
textile raw materials, etc |
T/T, L/C, etc |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
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Plasticizing and
textile raw materials, etc |
Cash, T/T |
100% |
Export
|
Terms |
Proportion |
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|
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. Ni 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. Ni |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.57 |
|
|
1 |
Rs.86.15 |
|
Euro |
1 |
Rs.73.64 |
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 |
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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.