MIRA INFORM REPORT
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Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
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Name : |
SUNDY WINE SUPPLIER CO., LTD |
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Registered Office : |
No. 32, Lane 312, Sec2, Chenggong Road,
Neihu District, Taipei City |
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Country : |
Taiwan |
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Date of Incorporation : |
25.03.2004 |
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Com. Reg. No.: |
80688277 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of drinks |
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No. of Employees : |
About 10 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 : |
Usually correct |
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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 |
Contact Points
|
Company Name: |
SUNDY WINE SUPPLIER CO., LTD |
|
Supplied Name: |
SUNDY |
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Trading Address: |
No. 234-3, Sec 6 Mincyuan East Road, Neihu District Taipei Taiwan |
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Supplied Address: |
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Telephone Number: |
+886-2-2792-2465 |
Notes: The exact name and address are as above.
Credit Summary
|
Credit Opinion: |
Company Identification Details
|
Registered Name: |
SUNDY WINE SUPPLIER CO., LTD |
|
Registered Address: |
No. 32, Lane 312, Sec2, Chenggong Road, Neihu District, Taipei City,
Taiwan |
|
Date of Foundation: |
2004-3-25 |
|
Registration Number: |
80688277 |
|
Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2013.5, 1 NTD = 0.0335 USD) |
|
Legal Representatives: |
Meihua Fang |
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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: |
History
Subject was incorporated on 2004-3-25 with registered
number 80688277 as Private Limited
Liability Company in Taiwan.
Shareholders
|
Name |
Subscription Amount |
|
Meihua Fang |
1,000,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries
& Branches
Subject did not introduce whether it has any
subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Personnel Information
Directors
|
Name |
Meihua Fang |
|
Position |
Director |
Personnel Structure
|
Total Employees |
About 10 Employees |
Operation Information
Offices & Factories
|
|
Headquarters |
|
Add |
No. 234-3, Sec 6 Mincyuan East Road, Neihu District Taipei Taiwan |
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 |
|
F102030 |
Wholesales of cigarette and wine. |
|
F102040 |
Wholesales of drinks. |
|
F102050 |
Wholesales of tea. |
|
F102070 |
Wholesales of canned food. |
|
F102080 |
Wholesales of dehydrated food. |
|
F102090 |
Wholesales of pickled food. |
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F203010 |
Retails of food and drink. |
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F203020 |
Retails of cigarette and wine. |
|
F401010 |
International trading business. |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
It is introduced that subject imports products
from America, Europe and etc.
l
The subject is mainly engaged in sales of drinks
and etc.
l
It is introduced that subject’s major products are
wine, juice, mineral water and etc.
l
It is introduced that subject’s selling territory
is mainly in Taiwan domestic market.
l
It is introduced that subject’s major customers
are bars, restaurant and etc.
l
It is introduced that subject is selling products
with many brands, such as “Evian”, “Perrier”, “ERDINGER”, “GUINNESS”,
“Budweiser” and etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Domestic Purchase
The subject has little purchase in domestic
market.
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Drinks and etc. |
CBD and etc |
100% |
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Drinks and etc. |
COD, CBD and
etc |
100% |
Export
The subject has little export.
Financial Information
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. Yan declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Bankers
Public Record
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.
Interview Details
|
Name |
Ms. Yan |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
UK Pound |
1 |
Rs.84.18 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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.