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Report Date : |
02.05.2013 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL SHINE TRADING CO., LTD. |
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Registered Office : |
12FL-2, No.99, Sec.2, Chung-Shan N. Rd.,
Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
27.03.2000 |
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Com. Reg. No.: |
70541325 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of chemical products and etc. |
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No. of Employees : |
11 Employees |
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 |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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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: |
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Trading Address: |
12FL-2, No.99,
Sec.2, Chung-Shan N. Rd., Taipei, Taiwan, R.O.C. |
|
Supplied
Address: |
No. 2-36, Kuu Ling Lin,
Kung Shi Tsung, Guei-Shan Hsiang, Taoyuan Hsien, Taiwan, ROC |
|
Telephone
Number: |
+886-3-396-2268 |
|
Fax Number: |
Notes: The correct name and address are as
above.
Subject was incorporated
on 2000-3-27 with registered number 70541325
as Joint Stock Company in
Taiwan.
|
Name |
Subscription Shares |
|
Qizhi Liu |
731,000 |
|
Maohong Zhou |
|
|
1,331,000 |
|
|
Yujun Lin |
300,000 |
The information above is that of subject’s major shareholders.
Related Company
|
Name |
Shanghai Global Shine Trading Co., Ltd. |
|
Address |
Room 3, 2nd Floor, Jiuliting
Industrial Park, Lane 1658, Husong Road, Shanghai City, China |
|
Telephone Number |
+86-21-6765-5807 |
|
Contact Person |
+86-21-6765-5829 |
Core Management
Directors
|
1 |
|
|
Name |
Qizhi Liu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Maohong Zhou |
|
Position |
Director |
|
3 |
|
|
Name |
Yujun Lin |
|
Position |
Director |
|
4 |
|
|
Name |
Guozhu Liu |
|
Position |
Supervisor |
|
Total
Employees |
11 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
12FL-2, No.99, Sec.2, Chung-Shan N. Rd.,
Taipei, Taiwan, R.O.C. |
Operation
Information
The subject is a trader of chemical products and etc without any
production activities.
It is introduced that subject imports products from overseas market,
such as USA, Norway, Canada, South Korea and etc.
It is introduced that subject’s major products are dyes, industrial
additives, and chemical treatment agent for surface of metal, etc.
It is introduced that subject’s selling territory is mainly in domestic
market. And the subject doesn’t export to Cuba, Iran, North Korea, Sudan, and
Syria.
It is introduced that subject’s top 5 of major customers are “HOYU
TEXTILE CO., LTD.”, “G-FUN INDUSTRIAL CORPORATION”, “FORMOSA TAFFETA CO.,
LTD.”, “EVEREST TEXTILE CO., LTD.”.
It is introduced that subject doesn’t has any sales offices, agents,
representative or distributors in Cuba, Iran, North Korea, Sudan and Syria.
It is introduced that subject’s products are applied to the textiles,
hardware, industrial equipment and etc.
It is introduced that subject sells products with many brands, such as
“Lubrizol” and etc.
The registered activities of subject:
|
Business Code |
Details |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
|
F107020 |
Wholesales of dyes and colors. |
|
F207020 |
Retails of dyes and colors. |
|
F107170 |
Wholesales of industrial additives. |
|
F207170 |
Retails of industrial additives. |
|
F107200 |
Wholesales of chemical materials. |
|
F107200 |
Retails of chemical materials. |
|
F401010 |
International trading business. |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
The subject has little purchases in domestic market.
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Chemical products and etc |
CBD and etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Chemical products 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 Ms. Cai declined to
disclose its financials citing the grounds of company’s confidentiality; 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. Cai |
|
Department |
Administrative
Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.22 |
|
|
1 |
Rs.84.00 |
|
Euro |
1 |
Rs.70.98 |
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.