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Report Date : |
06.08.2014 |
IDENTIFICATION DETAILS
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Name : |
HOME LIFE ENTERPRISE LTD. |
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Registered Office : |
1F., No.301, Sec. 5, Yanhai Rd., Fuxing
Township, Changhua County 50647, |
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Country : |
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Date of Incorporation : |
25.11.1996 |
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Com. Reg. No.: |
97271513 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and sale of furniture |
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No. of Employees |
70 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
|
Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
In the years following World War II, government-industry cooperation, a strong work ethic, mastery of high technology, and a comparatively small defense allocation (1% of GDP) helped Japan develop a technologically advanced economy. Two notable characteristics of the post-war economy were the close interlocking structures of manufacturers, suppliers, and distributors, known as keiretsu, and the guarantee of lifetime employment for a substantial portion of the urban labor force. Both features are now eroding under the dual pressures of global competition and domestic demographic change. Japan's industrial sector is heavily dependent on imported raw materials and fuels. A small agricultural sector is highly subsidized and protected, with crop yields among the highest in the world. While self-sufficient in rice production, Japan imports about 60% of its food on a caloric basis. For three decades, overall real economic growth had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s, and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging just 1.7%, largely because of the after effects of inefficient investment and an asset price bubble in the late 1980s that required a protracted period of time for firms to reduce excess debt, capital, and labor. Modest economic growth continued after 2000, but the economy has fallen into recession three times since 2008. A sharp downturn in business investment and global demand for Japan's exports in late 2008 pushed Japan into recession. Government stimulus spending helped the economy recover in late 2009 and 2010, but the economy contracted again in 2011 as the massive 9.0 magnitude earthquake and the ensuing tsunami in March disrupted manufacturing. The economy has largely recovered in the two years since the disaster, but reconstruction in the Tohoku region has been uneven. Prime Minister Shinzo ABE has declared the economy his government's top priority; he has overturned his predecessor's plan to permanently close nuclear power plants and is pursuing an economic revitalization agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined the Trans Pacific Partnership negotiations in 2013, a pact that would open Japan's economy to increased foreign competition and create new export opportunities for Japanese businesses. Measured on a purchasing power parity (PPP) basis that adjusts for price differences, Japan in 2013 stood as the fourth-largest economy in the world after second-place China, which surpassed Japan in 2001, and third-place India, which edged out Japan in 2012. The new government will continue a longstanding debate on restructuring the economy and reining in Japan's huge government debt, which is exceeding 230% of GDP. To help raise government revenue and reduce public debt, Japan decided in 2013 to gradually increase the consumption tax to a total of 10% by the year 2015. Japan is making progress on ending deflation due to a weaker yen and higher energy costs, but reliance on exports to drive growth and an aging, shrinking population pose other major long-term challenges for the economy
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
+886-4-2471-6850 |
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Fax Number: |
Notes: The exact name and address are as above. The supplied address is not
complete.
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Registered Name: |
HOME LIFE
ENTERPRISE LTD. |
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Registered Address: |
1F., No.301, Sec. 5, Yanhai Rd., Fuxing Township, Changhua County 50647, Taiwan (R.O.C.) |
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Date of Foundation: |
1996-11-25 |
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Registration Number: |
97271513 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2014.08, 1 NTD = 0.0333 USD) |
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Legal Representatives: |
Xihui Nian |
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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: |
Subject was incorporated on 1996-11-25 with
registered number 97271513 as Private Limited Liability Company in Taiwan.
Subject did not register any
subsidiaries or branches; from other source we could not obtain the relevant
information, either.
Major Shareholders
|
Name |
Subscription Amount |
|
Xihui Nian |
|
|
2,000,000 |
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Core Management
Directors
|
Name |
Xihui Nian |
|
Position |
Director |
Personnel Structure
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Total Employees |
About 70 Employees |
Offices &
Factories
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|
Headquarters |
|
Add |
Production Information
l
Subject is engaged in manufacturing of furniture,
etc.
l
It is introduced that subject has factories in Taichung
City and Changhua County of Taiwan for production. But we cannot obtain the
detail information.
Purchase Information
l
The registered activities of subject:
|
No. |
Details |
|
1 |
Buying and selling of furniture, light, kitchen furniture,
Buddha appliance |
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2 |
Buying and selling of household hardware. |
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3 |
Buying and selling of curtain, bedspread, bed
sheet, carpet, Indoor and outdoor decoration equipment and home decorative
products. |
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4 |
Processing, manufacturing and trading of glass
plates. |
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5 |
Processing, manufacturing and trading of auto
parts, flasher, relay and voltage regulator. |
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6 |
Importing, exporting of the above products. |
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7 |
Agent the business of pricing and biding of the
above products home and abroad. |
l
The components and raw materials of the subject for
production are both purchased at home and abroad.
l
Subject is engaged in sale of furniture, etc.
l
The major products include sofa, deck chair, bed
bench, tea table, bar stool, decorative lighting, pictures, bolster and other
household decorations, etc.
l
Some furniture of the subject such as sofa and tea
table, etc. are imported from abroad.
l
It is introduced that subject also supply custom
services for the customers.
l
It is introduced that subject’s sales regions
included domestic market and abroad.
l
Subject’s major customers are furniture shops,
decoration companies, dealers, etc.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Components and
raw materials |
|
Payment Terms |
T/T, Cash, etc. |
2.
Import
|
Products |
Components and
raw materials |
|
Payment Terms |
L/C, T/T, etc. |
1.
Domestic Markets
|
Product |
Furniture, etc. |
|
Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Furniture, etc. |
|
Selling Terms |
L/C, T/T, etc. |
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 sources we could not obtain such information, either.
Subject declined to disclose its bank details; from other source we could not 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.
Interview Details
|
Name |
Ms. Jiang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.56 |
|
|
1 |
Rs.103.50 |
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Euro |
1 |
Rs.82.41 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.