|
Report Date : |
14.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
TRILLION VICTORY
TRADE CO., LTD. |
|
|
|
|
Registered Office : |
1F., No.2-20,
Nandi Rd., Xihu Township, Changhua County 514 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
29.09.2011 |
|
|
|
|
Com. Reg. No.: |
53611016 |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business : |
Subject is a trader of fruit. |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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
|
Company Name: |
Trillion Victory
Trade Co., Ltd. |
|
Supplied Name: |
Trillion Victority
Trade Co |
|
Trading Address: |
No.2-20, Nandi Rd., Xihu Township, Changhua County 514, Taiwan (R.O.C.) |
|
Supplied Address: |
Taiwan |
|
Telephone Number: |
+886-4-881-9390 |
|
Fax Number: |
+886-4-882-0690 |
Notes: The exact
name and address are as above.
|
Registered Name: |
Trillion Victory
Trade Co., Ltd. |
|
Registered
Address: |
1F., No.2-20,
Nandi Rd., Xihu Township, Changhua County 514, Taiwan (R.O.C.) |
|
Date of
Foundation: |
2011-9-29 |
|
Registration Number: |
53611016 |
|
Registry: |
MOEA Central
Office |
|
Registered
Capital: |
NTD 5,000,000 (USD 170,000) (As of 2013.10, 1
NTD = 0.0340 USD) |
|
Legal
Representatives: |
Chunru Ke |
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 2011-9-29
with registered number 53611016
as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Chunru Ke |
5,000,000 |
The information above is that of subject’s major shareholders.
Core Management
|
Name |
Chunru Ke |
|
Position |
Director |
Personnel Structure
|
Total Employees |
About 10 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.2-20, Nandi Rd., Xihu Township, Changhua County 514, Taiwan (R.O.C.) |
Production Information
Subject is a trader of fruit, etc
without any production activities.
Purchase Information
The registered
activities of subject:
|
Business Code |
Details |
|
F401010 |
International trade business |
|
F101130 |
Wholesale of vegetable and fruit |
|
F102170 |
Wholesale of food and grocery |
|
F201010 |
Retail of agricultural products |
|
F203010 |
Retail of food and beverage |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
Subject purchases products mainly
from abroad such as USA, South Korea, Thailand and New Zealand, etc.
Subject
is engaged in sale of fruit, etc.
The major products sold by
subject include apple, cherry, juicy peach, pomegranate, durian, coconut, kiwi
fruit, and hami melon, etc.
Subject’s sales region is mainly
in Taiwan domestic market.
Subject’s major customers are
super market and convenience store, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
Subject has little domestic purchase.
Foreign Purchase
|
Terms |
Proportion |
|
|
Fruit, etc |
Cash, T/T, etc |
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Fruit, etc |
L/C, T/T, etc |
100% |
Export
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. Chen declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Subject declined to
disclose its bank details; from other source we cannot 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. Chen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.16 |
|
|
1 |
Rs.97.77 |
|
Euro |
1 |
Rs.82.78 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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.