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Report Date : |
09.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
GOGODESIGN INTERNATIONAL CO., LTD. |
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Registered Office : |
8F., No.338, Songjiang Rd., Zhongshan Dist., Taipei City |
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Country : |
Taiwan |
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Date of Incorporation : |
09.02.2011 |
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Com. Reg. No.: |
53311165 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Providing the space designing and related
services. |
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No. of Employees : |
Not Available |
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 : |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
8F., No.338, Songjiang Rd., Zhongshan Dist.,
Taipei City, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2596-9669 |
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Fax Number: |
Notes: We contacted with the subject, the subject’s
related staff Mr. Yueh introduced that the supplied address is the former
address, the exact name and current address are as above.
|
Registered Name: |
Gogodesign International Co., Ltd. |
|
Registered Address: |
8F., No.338, Songjiang Rd., Zhongshan Dist.,
Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
2011-2-9 |
|
Registration Number: |
53311165 |
|
Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2014.4, 1 NTD = 0.0331 USD) |
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Paid-up Capital: |
NTD 5,000,000 (USD 165,500) |
|
Legal Representatives: |
Qiuju Xusu |
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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: Subject declined
to disclose its staff number; from other source we cannot obtain the relevant
information, either.
Subject was incorporated
on 2011-2-9 with registered number 53311165
as Joint Stock Company in
Taiwan.
|
Name |
Subscription Shares |
|
Yuxuan Su |
200,000 |
|
Zheqi Zhang |
|
|
300,000 |
The information above is that of subject’s major shareholders.
Core Management
Directors
|
1 |
|
|
Name |
Qiuju Xusu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Yuxuan Su |
|
Position |
Director |
|
3 |
|
|
Name |
Zheqi Zhang |
|
Position |
Director |
|
4 |
|
|
Name |
Zheming Zhang |
|
Position |
Supervisor |
Offices &
Factories
|
|
Headquarters |
|
Add |
8F., No.338, Songjiang Rd., Zhongshan Dist., Taipei City, Taiwan
(R.O.C.) |
Operation
Information
·
Subject is mainly engaged in providing the related
services for space designing
·
It is introduced that subject’s major services are
designing and constructing services for interior, exhibition, stage, meetings
·
It is introduced that subject’s services region are
mainly in the domestic market.
·
It is introduced that subject can purchase the
construction materials, sanitary and bathroom facilities depend on the customer’s
requirement.
·
It is introduced that subject can provide the
constructing services based on the design paper supplied by the customers.
·
It is introduced that subject can make the
designing papers according to the customers’ requires.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
E603090 |
Installing of lighting equipment. |
|
E605010 |
Installing of computer equipment. |
|
E801010 |
Interior designing industry. |
|
E801020 |
Installing of door and windows. |
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E801030 |
Interior T-Bar engineering. |
|
E801040 |
Installing of glass. |
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E801070 |
Installing of kitchenware, sanitary and bathroom equipment. |
|
E901010 |
Painting project. |
|
I103060 |
Management counselor. |
|
I301010 |
Services for information software. |
|
I401010 |
General advertising services. |
|
I501010 |
Product designing industry. |
|
I502010 |
Garment designing industry. |
|
I503010 |
Designing industry for landscape and interior. |
|
J601010 |
Art services. |
|
JB01010 |
Conference and exhibition services. |
|
F211010 |
Retails of construction materials. |
|
F401010 |
International trading business. |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned
or restricted. |
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. Yueh 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 |
Mr. Yueh |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.95 |
|
|
1 |
Rs.99.36 |
|
Euro |
1 |
Rs.82.15 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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.