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Report Date : |
24.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHIPLAND LIMITED |
|
|
|
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Registered Office : |
1F, No. 30, Lane 105, Section 1, Chung Hua North Road, Dafeng Li, North Area, Tainan City |
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|
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Country : |
Taiwan |
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Date of Incorporation : |
23.10.1997 |
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Com. Reg. No.: |
69927434 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
Trader of wood products |
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No of Employees : |
About 5 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
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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 (30.09.2013) |
Current Rating (01.12.2013) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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: |
1F, No. 251, Mintsu Rd Sec. 3 ,
Zhongxi District, Tainan City, Taiwan |
|
Supplied
Address: |
|
|
Telephone
Number: |
+886-6-221-7168 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
|
Registered Name: |
Chipland Limited |
|
Registered
Address: |
1F, No. 30, Lane
105, Section 1, Chung Hua North Road, Dafeng Li, North Area, Tainan City,
Taiwan |
|
Date of
Foundation: |
1985-7-16 |
|
Registration
Number: |
69927434 |
|
Registry: |
Tainan City
Government |
|
Registered
Capital: |
(As of 2014.04, 1
NTD = 0.0333 USD) |
|
Legal
Representatives: |
Ximing Ke |
|
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 1985-7-16 with registered number 69927434 as Sole
Proprietorship in Taiwan.
|
Name |
% of Investment |
|
Ximing Ke |
100% |
Related Companies:
|
1 |
|
|
Name |
Lian Chuen Wood
Co., Ltd. |
|
Address |
1F, No. 251, Mintsu Rd Sec. 3 , Zhongxi District, Tainan
City, Taiwan |
|
Registration
Number: |
16231415 |
|
Legal
Representatives: |
Ximing Ke |
|
2 |
|
|
Name |
Sen Li Timber
Industry Co., Ltd. |
|
Address |
No.1-5, 16 Bldg,
Jilong Timber Market, Daling Mountain, Dongguan City, Guangdong Province,
China |
|
Tel |
+86-769-8158-6721 |
Personnel
Structure
|
Total Employees |
About 5 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
1F, No. 251, Mintsu Rd Sec. 3 , Zhongxi District, Tainan City, Taiwan |
Production
Information
Purchase
Information
l The subject is mainly engaged in sales of wood products, etc.
l It is introduced that subject’s sales regions include domestic market, Singapore, Japan, Korea, Southeast Asia, etc.
l The major products sold by subject include teakwood, cypress, red oak, white oak, white ash, poplar, and other processed wood products, etc.
l It is introduced that subject can also transfer wood products from the original places directly to overseas customers.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Subject has little domestic purchase.
Foreign
Purchase
|
Terms |
Proportion |
|
|
Wood products, etc. |
T/T, L/C, etc |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Wood products, etc. |
Cash, T/T, etc |
100% |
Export
|
Product |
Terms |
Proportion |
|
Wood products, etc. |
T/T, 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 declined to disclose
its financials citing the grounds of company’s confidentiality; from other
source we cannot obtain the relevant information, either.
|
Name |
First Commercial 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.
Xu |
|
Department |
Sales department
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.06 |
|
|
1 |
Rs. 102.76 |
|
Euro |
1 |
Rs. 84.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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.