|
Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
ASIA EXALTED RICHES INTERNATIONAL, LTD. |
|
|
|
|
Registered Office : |
12F., No.350, Zhonghua 1st Rd., Gushan
Dist., Kaohsiung City 804 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
23.11.2012 |
|
|
|
|
Com. Reg. No.: |
53897032 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Engaged in trading of steel sheets including Hot/Cold Rolled Steel, Color Coated Coils & Sheets, Galvanized Steel Coils & Sheets, Aluminum Coils & Sheets, Electro Galvanized Coils & Sheets, Stainless Steel Coils & Sheets & Bars, Electrolytic Tin Plate (ETP), Laminated Steel Sheet, Pre-Painted Steel Sheet for Electrical Appliances, Extra Low Gloss Prepainted Coated Steel Sheet & Anti-Septic Pre-Painted Steel Sheet |
|
|
|
|
No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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. Taiwan's diplomatic isolation, low birth rate,
and rapidly aging population are other major long-term challenges. Free trade
agreements have proliferated in East Asia over the past several years, and
following the landmark Economic Cooperation Framework Agreement (ECFA) signed
with China in June 2010, Taiwan in July 2013 signed a free trade deal with New
Zealand—Taipei’s first-ever with a country with which it does not maintain
diplomatic relations—and in November inked a trade pact with Singapore.
Negotiations continue on follow-on components of ECFA regarding trade in goods
and a dispute resolution mechanism; a trade in services agreement is under
review in the legislature. 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
overall trade surplus largely because of its surplus with China, and its
foreign reserves are the world's sixth largest, behind China, Japan, Saudi
Arabia, Russia, and Switzerland. 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. Taiwan since
2009 has gradually loosened rules governing Chinese investment on the island,
and has also secured greater market access for its investors in the mainland.
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: |
|
|
Supplied Name: |
|
|
Trading Address: |
12F., No.350,
Zhonghua 1st Rd., Gushan Dist., Kaohsiung City 804, Taiwan |
|
Supplied Address: |
12F, NO.350,
ZHONGHUA 1ST ROAD, GUSHAN DIST., KAOHSIUNG CITY 804 |
|
Telephone Number: |
+886- 9362-70710 |
|
Fax Number: |
+886-7- 550-0825 |
Notes: Subject’s exact name and address are as above.
|
Credit Opinion: |
Notes: Subject’s
declined to disclose the number of staff, and from other source we cannot
obtain the information, either.
Subject was incorporated on 2012-11-23 with registered number 53897032 as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Liling Deng |
3,000,000 |
The information above is that of subject’s major shareholders.
Core
Management
|
Name |
Liling Deng |
|
Position |
Director |
Offices
& Factories
|
|
Headquarters |
|
Add |
12F., No.350, Zhonghua 1st Rd., Gushan Dist., Kaohsiung City 804,
Taiwan |
Production
Information
l
Subject is a trader of steel sheets without any
production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
The international trade |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The products of the subject are mainly purchased in
Taiwan.
l Subject is engaged
in sale of steel sheets
l
The major products sold by subject include hot/cold
rolled steel, color coated coils & sheets, galvanized steel coils &
sheets, aluminum coils & sheets, electro galvanized coils & sheets,
stainless steel coils & sheets & bars & electrolytic tin plate
(ETP), Laminated Steel Sheet, Pre-Painted Steel Sheet for Electrical
Appliances, Extra Low Gloss Prepainted Coated Steel Sheet & Anti-Septic
Pre-Painted Steel Sheet
l
Subject’s sales regions include domestic market,
Japan, Korea, India, Southeast Asia, US, Europe, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
(Taiwan)
|
Terms |
Proportion |
|
|
Steel
sheets, etc. |
T/T,
Cash, etc |
100% |
Foreign Purchase
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Steel
sheets, etc. |
T/T,
Cash, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Steel
sheets, etc. |
L/C,
T/T, 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 declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.
|
Name |
Hua Nan 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. Yang |
|
Department |
Sales |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.09 |
|
UK Pound |
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.