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Report Date : |
02.03.2013 |
IDENTIFICATION DETAILS
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Name : |
CLADON ENTERPRISE CO., LTD. |
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|
|
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Registered Office : |
No.13, Lane 244, Dunhua N. Rd., Songshan District, Taipei City 105 |
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Country : |
Taiwan |
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Date of Incorporation : |
08.09.1994 |
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Com. Reg. No.: |
84941250 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of stones and etc. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 – 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 |
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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
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Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.13, Lane 244, Dunhua N. Rd., Songshan District, Taipei City 105,
Taiwan (R.O.C.) |
|
Supplied Address: |
1FL 13 Lane 244 Tun Hua North Rd Sungshan
Dst Taipei City 105 |
|
Telephone Number: |
+886-2-2514-8712 |
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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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Credit Opinion: |
|
Registered Name: |
Cladon Enterprise Co., Ltd. |
|
Registered Address: |
No.13, Lane 244, Dunhua N. Rd., Songshan District, Taipei City 105,
Taiwan (R.O.C.) |
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Date of Foundation: |
|
|
Registration Number: |
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|
Registry: |
Taipei City Government |
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Registered Capital: |
NTD 61,000,000 (USD 2,055,700) (As of 2013.3, 1 NTD = 0.0337 USD) |
|
Paid-up Capital: |
NTD 61,000,000 (USD 2,055,700) |
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Legal Representatives: |
|
|
Legal Form: |
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Principal Activities: |
Trading of stones and etc. |
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Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Notes: Subject declined to
disclose its staff number; from other source we cannot obtain the relevant
information, either.
Subject was incorporated on 1994-9-8 with registered
number 84941250 as Joint Stock Company in Taiwan.
|
Subscription
Shares |
|
|
Qiurong Lin |
635,854 |
|
Zhengyi
Guo |
|
|
465,600 |
|
|
Junhong Ke |
381,476 |
|
Fenglong Lin |
490,600 |
The information
above is that of subject’s major shareholders.
Offices
|
1 |
|
|
Name |
Hualian Office |
|
Address |
No.552, sec1,
nan bin road, ji an village, hualian county, Taiwan (R.O.C.) |
|
Telephone Number |
+886-3-842-2178 |
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Fax Number |
+886-3-842-1878 |
|
2 |
|
|
Name |
Beijing Office |
|
Address |
Xi Bu Shi Cai Yuan,
No.8 Zhang Yi Cun Road, Fengtai Distract, Beijing City, China |
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Telephone Number |
+86-10-8869-0381 |
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Fax Number |
+86-10-8869-0383 |
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3 |
|
|
Name |
Shanghai Office |
|
Address |
Room 1912, No. 2
Zhong Huan Building, Zhongshan Bei Road 3856, Shanghai City,China |
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Telephone Number |
+86-21-5268-0390 |
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Fax Number |
+86-21-5268-0399 |
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4 |
|
|
Name |
Xiamen Office |
|
Address |
Room 201,No.43
Building, Jiayuanli, Yongshengxincheng, Huli District, Xiamen
China |
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Telephone Number |
+86-0592-575-7850 |
|
Fax Number |
+86-0592-575-7853 |
Core
Management
Directors
|
1 |
|
|
Name |
Qiurong Lin |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Zhengyi Guo |
|
Position |
|
|
3 |
|
|
Name |
Junhong Ke |
|
Position |
Director |
|
4 |
|
|
Name |
Fenglong Lin |
|
Position |
Supervisor |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.13, Lane 244, dunhua n. Rd., Songshan District, Taipei City 105,
Taiwan (R.O.C.) |
Production
Information
l
Subject is a trader of stones
and etc without any production activities
Purchase
Information
l
The registered activities of subject:
|
1 |
Trading of dimension stone
and wood |
|
2 |
Trading of general fire-rated building materials. |
|
3 |
Agent, bidding and marking price of
manufacturers’ related products in domestic and oversea. |
|
4 |
Trading of decoration materials and construction of
interior designs. (except for construction industry) (except for architect
industry) |
|
5 |
Trading business of import and export. (except
for permitted business) |
l
It is introduced that the subject purchases its products
from India, Turkey and etc.
l
The subject is engaged in sales of stones and etc.
l
It is introduced that subject’s selling territory
is in domestic market.
l
It is introduced that subject’s major customers
include architects, design consultants and etc
l
It is introduced that subject’s products are
applied to interior decoration, out-door decoration and etc.
Major products
|
1 |
Granites |
|
2 |
Marbles |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
The subject has little purchase in domestic market.
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Dimension stone,
wood and etc |
CBD and etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Dimension stone,
wood and etc |
COD, CBD and
etc. |
100% |
Export
The 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 Mr. Lin declined to
disclose its financials citing the grounds of company’s confidentiality; from
other source we can not obtain the relevant information, either.
|
Name |
Fubon Bank |
|
2 |
|
|
Name |
First Commercial
Bank |
|
3 |
|
|
Name |
Shanghai
Commercial & Savings Bank Ltd |
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 |
Mr. Lin |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.48 |
|
|
1 |
Rs.82.72 |
|
Euro |
1 |
Rs.71.27 |
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.