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Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
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Name : |
MOREX INFORMATION ENTERPRISE CO., LTD. |
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Registered Office : |
No.197, Sec.1, Chung Hsing Rd., Wugu Dist.,
New Taipei City 248 |
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Country : |
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Date of Incorporation : |
21.09.1989 |
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Com. Reg. No.: |
23491984 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
·
Engaged in Manufacturing of Power Supply
& PC Chassis Engaged
in Manufacturing and Engaged
in Manufacturing and Subject product ranges includes Chassis ( ITX, Nano-ITX, 1U
Rackmount, BTX, and ATX ), Power Supply ( DC Board Solution ), Mini Barebones
( VIA Solution ), and Accessories. |
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No of Employees : |
About 50 Employees |
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 : |
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 – June 1, 2014
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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Taiwan |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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 |
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.
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Source : CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.197, Sec.1,
Chung Hsing Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
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Supplied Address: |
No 197,Sec
1,Zhongxing Rd,Wugu Rd Wugu Dist:New Taipei City 248 Taiwn (R O C) |
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Telephone Number: |
+886-2-2985-8063 |
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Fax Number: |
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E-mail: |
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Website: |
Notes: The exact name and address are as above.
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Credit Opinion: |
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Registered Name: |
Morex Information Enterprise Co., Ltd. |
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Registered Address: |
No.197, Sec.1, Chung
Hsing Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
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Date of Foundation: |
1989-9-21 |
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Registration Number: |
23491984 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
NTD 142,000,000 (USD 4,828,000) (As of 2014.12, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 142,000,000 (USD 4,828,000) |
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Legal Representatives: |
Zhiqing Lin |
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Legal Form: |
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Principal Activities: |
·
Engaged in Manufacturing of power supply
& PC Chassis Engaged
in Manufacturing and sale of
electronic transformer, electronic ballast, inductive switch, optical switch
& electronic lighting fittings Engaged
in Manufacturing and sale of
computer peripheral equipment, electronic products, lighting equipment and
related components |
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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 1989-9-21 with registered number 23491984 as Joint Stock Company in Taiwan.
Factory
|
Address: |
No.197, Sec.1, Chung Hsing Rd., Wugu Dist.,
New Taipei City 248, Taiwan (R.O.C.) |
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Date of Foundation: |
1993-3-11 |
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Date of Registration: |
1993-3-23 |
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Factory Registration Number: |
99605571 |
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Factory Manager: |
Zhiqing Lin |
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Status: |
In Production |
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Date of Last Annual Return: |
2002-4-29 |
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Major Products: |
271 computer and
peripheral equipment 272
communication equipment 269 other
electronic components 264 communications equipment and components |
Note: It is
introduced that subject has a related company in Mainland China, while the
detail information we cannot obtain from any sources.
Major Shareholders
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Subscription Shares |
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Zhiqing Lin |
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5,775,600 |
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Zengtie Lin |
2,118,000 |
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Zhongxiang Lin |
5,388,400 |
Core Management
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1 |
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Name |
Zhiqing Lin |
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Position |
Board Chairman & Manager |
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Appointment Date of Manager |
1997-6-30 |
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2 |
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Name |
Zengtie Lin |
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Position |
Director |
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3 |
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Name |
Rongjin Lin |
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Position |
Director |
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4 |
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Name |
Zhongxiang Lin |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 50 Employees |
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Headquarters |
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Add |
No.197, Sec.1, Chung Hsing Rd., Wugu Dist.,
New Taipei City 248, Taiwan (R.O.C.) |
Production
Information
·
Subject is engaged in Manufacturing of Power Supply & PC Chassis
l
Subject product
ranges includes Chassis ( ITX, Nano-ITX, 1U Rackmount, BTX, and ATX ), Power
Supply ( DC Board Solution ), Mini Barebones ( VIA Solution ), and Accessories.
l
Subject has a factory in New Taipei City, Taiwan for production.
l
Subject obtained the certification of ISO 9002.
Purchase
Information
l
The registered activities of subject:
|
1 |
Manufacturing of power supply |
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2 |
Manufacturing and sale of electronic transformer,
electronic ballast, inductive switch, optical switch, electronic lighting
fittings |
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3 |
Manufacturing and sale of computer
peripheral equipment, electronic products, lighting equipment and related
components |
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4 |
Import and export of above items |
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5 |
Bidding business of above items |
l
The components and raw materials for production are
mostly purchased in domestic market.
·
Subject is engaged in sale of Engaged in
Manufacturing of power supply & PC Chassis
l
Subject product
ranges includes Chassis ( ITX, Nano-ITX, 1U Rackmount, BTX, and ATX ), Power
Supply ( DC Board Solution ), Mini Barebones ( VIA Solution ), and Accessories.
l
Subject’s sales regions include Asia, Europe and
America.
l
One of subject’s major foreign customers is
Unytouch Manufacturing Inc.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
1.
Domestic Purchase
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Products |
Components and raw materials |
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Payment Terms |
Cash, T/T |
2.
Import
Subject has little
import.
Sales
1.
Domestic Markets
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Product |
Electronic components |
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Selling Terms |
Cash, T/T |
2.
Export
|
Product |
Electronic components |
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Selling Terms |
T/T |
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. Lin 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 |
Mr. Lin |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
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UK Pound |
1 |
Rs.97.05 |
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Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
-- |
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.