MIRA INFORM REPORT

Report Date :

22.08.2014

IDENTIFICATION DETAILS

Name :	TRINITY WORLDWIDE CO., LTD.

Registered Office :	6F., No.23, Ln. 143, Sec. 3, Ren-Ai Rd., Da-An Dist., Taipei City 10656, Taiwan (R.O.C.)

Country :	Taiwan

Date of Incorporation :	03.011.1994

Com. Reg. No.:	86385969

Legal Form :	Joint Stock Company

Line of Business :	Trading of related products for computer.

No. of Employees :	Not Available

RATING & COMMENTS

MIRA’s Rating :

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 – June 01, 2014

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

Taiwan

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

Contact Points

Company Name:	Trinity Worldwide Co., Ltd.
Former Name:	Trinity Computer Technology Co., Ltd.
Supplied Name:	Trinity Worldwide Co Ltd
Trading Address:	17F, No. 104, Xintai 5th Road Xizhi Dist New Taipei City, Taiwan
Supplied Address:	No 104 17/F Sec- 1 Xintai 5th Road Xizhi Dist New Taipei City
Telephone Number:	+886-2-2696-2575
Fax Number:	+886-2-2696-2580
E-mail:	sales@trinityworldwide.com

Notes: The exact name and address are as above.

Company Identification Details

Registered Name:	Trinity Worldwide Co., Ltd.
Registered Address:	6F., No.23, Ln. 143, Sec. 3, Ren-Ai Rd., Da-An Dist., Taipei City 10656, Taiwan (R.O.C.)
Date of Foundation:	1994-11-3
Registration Number:	86385969
Registry:	Taipei City Government
Registered Capital:	NTD 10,300,000 (USD 340,930) (As of 2014.08, 1 NTD = 0.0331 USD)
Paid-up Capital:	NTD 10,300,000 (USD 340,930)
Legal Representatives:	Baile Luo
Legal Form:	Joint Stock Company
Principal Activities:	Trading of related products for computer.
Staff:	N/A
Listed at Stock Exchange:	No
Date of Last Annual Return:	2014-7-17

Notes: Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.

History

Subject was incorporated on 1994-11-3 with registered number 86385969 as Joint Stock Company in Taiwan.

Former English Name:	Trinity Computer Technology Co., Ltd.
Current English Name:	Trinity Worldwide Co., Ltd.

Corporate Structure

Subject did not introduce whether it has any subsidiaries or branches, from other source we can not obtain the relevant information, either.

Shareholders

Major Shareholders

Name	Subscription Shares
Baile Luo	650,000
Xingwu Luo	139,999
Jiaxi Luo	80,000
Gandi Mali	80,000

Management Information

Core Management

Directors

1
Name		Baile Luo
Position		Board Chairman
2
Name	Xingwu Luo
Position		Director
3
Name	Jiaxi Luo
Position		Director
4
Name	Gandi Mali
Position		Supervisor

Operation Information

Offices & Factories

	Headquarters
Add	17F, No. 104, Xintai 5th Road Xizhi Dist New Taipei City, Taiwan

Production Information

l Subject is a trader of related products for computer and etc without any production activities

Purchase Information

l The registered activities of subject:

Business Code	Details
--	Trading of computer, its related components and parts and related equipment.
--	Importing and exporting of electronic components and parts.
--	Importing and exporting of telecommunication equipment and telecommunication.
--	Agent of marking price, bidding and sales of domestic and overseas manufacturer’s of above related products.
F201010	Retails of agriculture products.
F108060	Wholesales of medicine in class-B.
F107100	Wholesales of basic chemical materials.
A102060	Grain trader.
F401021	Importing of radio frequency under telecommunication regulation.
F113070	Wholesales of telecommunication equipment.
F213060	Retails of telecommunication equipment.
F401010	International trading business.

l It is introduced that subject purchases its products from Taiwan, India, other Southeast Asia countries and etc.

Sales Information

l Subject is engaged in sale of computer and etc.

l The major products are keyboard, mouse, PC shells and so on.

l It is introduced that subject’s selling territory is mainly in Middle East.

l It is introduced that subject’s major customers are manufacturers, traders, repairers of computers and etc.

Import and export right:

Import right	Yes
Export right	Yes

Settlements

Subject declined to disclose the detail settlements, and it is introduced that the details of settlements are to be negotiated.

Financial Information

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.

Bankers

Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.

Public Record

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.

Special Note

Interview Details

Department	Marketing Department
E-mail	praveen@trinityworldwide.com

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.76
UK Pound	1	Rs.100.72
Euro	1	Rs.80.55

INFORMATION DETAILS

Analysis Done by :	DIV

Report Prepared by :	PDT

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.