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Report Date : |
21.06.2013 |
IDENTIFICATION DETAILS
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Name : |
PRIDE ENTERPRISE CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
12.12.1987 |
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Com. Reg. No.: |
22730121 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Supply of vegetables and the logistic
services. |
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No. of Employees : |
About 12 Employees. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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: |
PRIDE ENTERPRISE CO., LTD. |
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Supplied Name: |
Pride Enterprise Co Ltd. |
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Supplied Address: |
Co. No. 27 Nong-An St., 8th Floor Taipei
City Taiwan |
According to the supplied name and address, we tried to
contact the subject. We tried to contact the subject through the telephone
number (+886 2-25958848), but the number is vacant. And we tried to contact the
subject through another telephone number (+886-2-2309-1503), but it is a fax number and nobody to answer.
Then we tried to contact the subject through another telephone number (+886-2-2337-8994), but nobody to answer.
And if you can supply a
photocopy of subject's letterhead, a current telephone or fax number for the
company, we shall be pleased to have the investigation resumed.
From other sources, we found that the subject is mainly engaged in
supplying of vegetables and the
logistic services, since we did not get in touch with subject, we can
not confirm the information.
We found subject’s registration information as follows for reference.
|
Registered Name: |
PRIDE ENTERPRISE CO., LTD. |
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Registered Address: |
|
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Date of Foundation: |
|
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Registration Number: |
22730121 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2013.6, 1 NTD = 0.03351 USD) |
|
Legal Representatives: |
Anli Zheng |
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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: |
From other sources, we found that the
subject’s staff number is about 12 employees, since we did not get in touch with subject,
we can not confirm the information.
Subject was incorporated
on
|
Name |
Subscription Amount |
|
Anli Zheng |
5,000,000 |
The information above is that of subject’s major shareholders.
Core Management
Directors
|
Name |
Anli Zheng |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 12 Employees. |
Offices &
Factories
|
|
Headquarters |
|
Add |
|
Operation
Information
We contacted the subject unsuccessfully.
We obtained the registered activities of the
subject as follows for reference.
The registered activities of subject:
|
Business Code |
Details |
|
1 |
General export and import. |
|
2 |
Sale of vegetable and fruit |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
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.
And we couldn’t contact the subject
successfully; the financial information is not available from the subject.
The bankers’ information is not available
from the subject or other sources.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.70 |
|
|
1 |
Rs.92.22 |
|
Euro |
1 |
Rs.79.19 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.