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Report Date : |
16.11.2013 |
IDENTIFICATION DETAILS
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Name : |
NEW WEST TECHNOLOGIES LTD. |
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Registered Office : |
Not Available |
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Country : |
Not Available |
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Date of Incorporation : |
Not Available |
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Com. Reg. No.: |
Not Available |
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Legal Form : |
Not Available |
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Line of Business : |
Trading of LED lights |
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No. of Employees : |
About 10 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. 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 |
|
Company Name: |
New West Technologies Ltd. |
|
Supplied Name: |
New West Technologies Ltd. |
|
Trading Address: |
No.24, Sub-Alley 8, Alley 39, Lane 321,
Sec.2, Longgang Rd., Zhongli City, Taoyuan Country 320, Taiwan(R.O.C.) |
|
Supplied Address: |
No. 24 Sub-Alley 8 Alley 39 Lane 321 Sec 2
Gang Rd Zhongli City, Taoyuan County 3 |
|
Telephone Number: |
+886-9-3372-4177 |
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Fax Number: |
+886-3-457-4367 |
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E-mail: |
jasmin@nwt.tw:
export@ntw.tw;
zasmin@nwt.tw;
rahat@nwt.com.pk |
Notes: Subject’s exact name and address are as
above.
|
Registered Name: |
NEW WEST TECHNOLOGIES LTD. |
|
N/A |
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Date of Foundation: |
N/A |
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Registration Number: |
N/A |
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Registry: |
N/A |
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Registered Capital: |
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Paid-up Capital: |
N/A |
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Legal Representatives: |
N/A |
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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: |
Notes: We did not find any registration information of subject from
Taiwan local registry. And we can not confirm subject’s registration place,
either.
We can not confirm subject’s history.
Information on shareholders is not available from subject or other
sources.
Branch Office Pakistan
|
Address: |
Suite # 19, 5th Floor Landmark Plaza 5/6 Jail Road Lahore -
Pakistan |
|
Telephone: |
+92-42-3571-5206 |
|
Fax: |
+92-42-3571-5292 |
|
E-mail: |
Since the subject didn’t register in the local registry, the registered
management information is not available. From public files, we didn’t find the
information, either.
Personnel
Structure
|
About 10 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.24, Sub-Alley 8, Alley 39, Lane 321, Sec.2, Longgang Rd., Zhongli
City, Taoyuan Country 320, Taiwan(R.O.C.) |
Production
Information
Subject is a trader of LED lights without any production activities.
Purchase Information
The products are purchased in
domestic markets.
It is introduced subject purchases mainly from cooperative LED
manufacturers in Taiwan.
The subject is mainly engaged in sales of
LED lights.
It is introduced by subject the major LED lights sold by subject include
T5 and 73.
It is introduced that subject also takes over the maintenance service of
LED lights.
The subject sells its products both to domestic and overseas market.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
LED lights |
COD, CBD, etc |
100% |
Foreign Purchase
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
LED lights |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
LED lights |
CBD, etc |
100% |
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. Jiang declined to
disclose its financials citing the grounds of company’s confidentiality; from
other source we can not obtain the relevant information, either.
|
Name |
Taiwan Bank |
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. Jiang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.06 |
|
|
1 |
Rs.101.15 |
|
Euro |
1 |
Rs.84.95 |
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.