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Report Date : |
15.06.2013 |
IDENTIFICATION DETAILS
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Name : |
SERGIO VALENTE INC. |
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Registered Office : |
9F., No.760, Sec. 4, Bade Rd., Songshan Dist., Taipei City 10567 |
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Country : |
Taiwan |
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Date of Incorporation : |
25.12.2002 |
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Com. Reg. No.: |
80147744 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of drinks and etc. |
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No. of Employees : |
About 30 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 |
|
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
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Company Name: |
|
|
Supplied Name: |
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Trading Address: |
9F., No.760, Sec. 4, Bade Rd., Songshan
Dist., Taipei City 10567, Taiwan (R.O.C.) |
|
Supplied Address: |
12FL, 112 Chang An East Rd Section 2
Chungshan Dist Taipei City 104 Taiwan |
|
Telephone Number: |
+886-2-2760-8198 |
|
Fax Number: |
+886-2-2760-7358 |
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E-mail: |
Notes: The exact name and address are as above. The supplied address is the
subject’s former address.
|
Credit Opinion: |
Subject was incorporated on 2002-12-25 with registered
number 80147744 as Joint Stock Company in Taiwan.
Change of Address
|
Former Address |
12FL., No.112,
Sec.2, Changan E. Rd., Taipei, Taiwan 104, R.O.C. |
|
Current Address |
9F., No.760,
Sec. 4, Bade Rd., Songshan Dist., Taipei City 10567, Taiwan (R.O.C.) |
|
Name |
Subscription Shares |
|
Jianing Xu |
864,000 |
|
Xiaozhen Wu |
|
|
1,200,000 |
|
|
Anqi Jin |
3,524,000 |
The information
above is that of subject’s major shareholders.
Branch Offices
|
1 |
|
|
Name |
Sergio Valente
Flagship Store |
|
Address |
No.10, Sec.1, Anhe
Road, Da-An District, Taipei City 106, Taiwan, (R.O.C) |
|
Telephone Number |
+886-2-2751-0999 |
|
2 |
|
|
Name |
Taichung Branch
Office |
|
Address |
No.8, Alley 120,
Lane 33, Sec.3, Dafu Road, Tanzih Township, Taichung County 427, Taiwan,
(R.O.C) |
|
Telephone Number |
+886-4-2535-2071 |
|
3 |
|
|
Name |
Kaoxiong Branch
Office |
|
Address |
8 Floor,
No.179-3, Jiuru Er Road, Sanmin District, Kaoxiong City 807, Taiwan, (R.O.C) |
|
Telephone Number |
+886-0915-131351 |
Core
Management
Directors
|
1 |
|
|
Name |
Jianing Xu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Xiaozhen Wu |
|
Position |
Director |
|
3 |
|
|
Name |
Anqi Jin |
|
Position |
Director |
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4 |
|
|
Name |
Jialong Xu |
|
Position |
Supervisor |
|
Total Employees |
About 30 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
9F., No.760, Sec. 4, Bade Rd., Songshan Dist., Taipei City 10567,
Taiwan (R.O.C.) |
Production
Information
l
The subject is a trader of drinks and etc without
any production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401171 |
Import of liquor |
|
F203020 |
Retail of cigarette and liquor |
|
F203010 |
Retail of food and beverage |
|
C306010 |
Needle trade |
|
F401010 |
International trade business |
|
F104010 |
Wholesale of textile |
|
F104020 |
Wholesale of garment |
|
ZZ99999 |
Besides licensed business, all other business items
those are not banned or restricted. |
l
Subject imports products from France, Scotland,
Italy, Germany, Spain, Hungary, America, Chile, Australia, and Japan, etc.
l
The subject is mainly engaged in sales of drinks
and etc.
l
It is introduced that subject’s major products are
wine and etc.
l
It is introduced that subject’s selling territory
is mainly in domestic market.
l
It is introduced that subject’s major customers are
local hotels, restaurants, supermarkets and department stores, etc.
l
It is introduced that subject is an agent of many
brands such as Robert Mondavii Winery, Dominus Estate, Heitz Cellar, Gaja,
Joseph Drouhin, Chateau de Beaucastel, Jean-Pierre Moueix, Vega Sicilia, Sena,
Champagne Bollinger, etc,
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase (Taiwan)
Subject has little
domestic purchase.
Foreign Purchase
|
Product |
Payment Terms |
Proportion |
|
Wine, etc |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan)
|
Product |
Sales Terms |
Proportion |
|
Wine, etc |
COD, CBD, etc |
100% |
Export
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 Ms. Zhang 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 |
Ms. Zhang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.74 |
|
|
1 |
Rs.90.64 |
|
Euro |
1 |
Rs.77.02 |
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 |
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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 |
|
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.