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Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
EVER LUBE CO., LTD. |
|
|
|
|
Registered Office : |
1F., No.126 Siansheng Road, Zuoying Dist.,
Kaohsiung 81348 |
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|
|
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Country : |
Taiwan |
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Date of Incorporation : |
21.10.2008 |
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Com. Reg. No.: |
29005905 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Wholesaler of petroleum product. |
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|
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No. of Employees |
Not Available |
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 |
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|
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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 – 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: |
1F., No.126
Siansheng Road, Zuoying Dist., Kaohsiung 81348, Taiwan, R.O.C. |
|
Supplied Address: |
1F, No. 126, Siang
Sheng Road, Tzou Ying District Kaohsiung City Taiwan 81348 |
|
Telephone Number: |
+886-7-588-2230 |
|
Fax Number: |
Notes: The exact name and
address are as above.
|
Credit Opinion: |
|
Registered Name: |
Ever Lube Co., Ltd. |
|
Registered Address: |
1F., No.126 Siansheng Road, Zuoying Dist.,
Kaohsiung 81348, Taiwan, R.O.C. |
|
Date of Foundation: |
2008-10-21 |
|
Registration Number: |
29005905 |
|
Registry: |
Economic Development Bureau Kaohsiung City
Government |
|
Registered Capital: |
(As of 2014.3, 1 NTD = 0.0331 USD) |
|
Legal Representatives: |
Yanren Liu |
|
Legal Form: |
|
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Principal Activities: |
|
|
Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Subject was incorporated on 2008-10-21 with registered number 29005905 as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Yanren Liu |
7,000,000 |
The information above is that of subject’s major shareholders.
Core Management
Directors
|
Name |
Yanren Liu |
|
Position |
Director |
Offices &
Factories
|
|
Headquarters |
|
Add |
1F., No.126 Siansheng Road, Zuoying Dist.,
Kaohsiung 81348, Taiwan, R.O.C. |
Production Information
l
Subject is a trader of chemical products without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F112040 |
Wholesaler of petroleum product. |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
Subject purchases its products both at home and
abroad.
Sales Information
l The subject is
mainly engage in sales of chemical
products
l
It is introduced that
subject’s major products are petroleum product
l
It is introduced that subject’s selling territory
is mainly in Taiwan domestic market.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment
Terms |
Proportion |
|
|
Chemical products and etc. |
COD,
CBD and etc |
100% |
Foreign Purchase
|
Payment
Terms |
Proportion |
|
|
Chemical products and etc. |
CBD
and etc |
100% |
Sales
Domestic Markets
(Taiwan)
|
Sales
Terms |
Proportion |
|
|
Chemical
products and etc. |
COD,
CBD and etc |
100% |
Export
The 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 operator 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 |
The operator |
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
|
Analysis Done by
: |
sub |
|
|
|
|
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.