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Report Date : |
11.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
RONDER CORPORATION |
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|
|
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Registered Office : |
1F., No. 23, Lane 30, Tai Ho St., Zhonghe Dist.,
New Taipei City 235 |
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Country : |
Taiwan |
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Date of Incorporation : |
30.03.1978 |
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|
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Com. Reg. No.: |
15844534 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of minerals and chemicals products. |
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No. of Employees : |
About 5 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 |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
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 |
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Company Name: |
|
|
Supplied Name: |
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Trading Address: |
3F, No.34, Ching
An Rd. Chungho District , New Taipei City, Taiwan, R. O. C. |
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Supplied Address: |
|
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Telephone Number: |
+886-2-2240-4546 |
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Fax Number: |
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E-mail: |
Notes: Subject's exact name and address are as
above and it is introduced that the supplied name is the one responsible for
foreign sales business, the supplied address is subject’s postal address.
|
Registered Name: |
Ronder Corporation |
|
Registered Address: |
1F., No. 23, Lane 30, Tai Ho St., Zhonghe
Dist., New Taipei City 235, Taiwan R.O.C. |
|
Date of Foundation: |
1978-3-30 |
|
Registration Number: |
15844534 |
|
Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2013.10, 1 NTD = 0.0339 USD) |
|
Legal Representatives: |
Jinzhang Li |
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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: |
Subject was incorporated
on 1978-3-30 with registered number 15844534
as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Jinzhang Li |
3,000,000 |
The information above is that of subject’s major shareholders.
Core Management
Directors
|
Name |
Jinzhang Li |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 5 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
3F, No.34, Ching An Rd. Chungho District , New Taipei City, Taiwan, R.
O. C. |
Production
Information
Subject is a trader of minerals
and chemicals products, etc without any production activities.
Purchase
Information
The registered activities of subject:
|
1 |
Trading business of hardware and building materials, electrical and
machinery, chemical materials, Plastic toys products(except the electric toy) |
|
2 |
About import and export trade business and related interbank foreign
guarantee |
|
3 |
The bidding agent at home and abroad manufacturers products quotation
and sales business |
|
4 |
The management of related business and investment |
The products are purchased in
domestic markets.
The subject is mainly engaged in sales of minerals and chemicals products, etc.
The subject sales regions include Asia,
America, Africa, etc.
It is introduced subject has a proportion of 50%
for export.
Major products sold
|
Type |
Product |
|
Aldehyde And Ketone |
Acetone, Cyclohexanone, Methyl Ethyl Ketone |
|
Chemical Alcohol |
Butanediol |
|
Ester |
Gamma-butyrolactone |
|
Ethers |
Tetrahydrofuran |
|
Organic Acids |
Maleic Anhydride |
|
Phenol |
Bisphenol-A, Phenol |
|
Petrochemical |
BPA |
Domestic Purchase
|
Terms |
Proportion |
|
|
Minerals and chemicals products, etc. |
Cash, T/T, etc |
100% |
Foreign Purchase
Subject has little import.
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Minerals and chemicals products, etc. |
T/T, Cash, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Minerals and chemicals products, etc. |
L/C, 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 Mr. Li 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 |
Mr. Li |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.99.02 |
|
Euro |
1 |
Rs.83.87 |
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.