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Report Date : |
20.02.2014 |
IDENTIFICATION DETAILS
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Name : |
BLUE STAR IMPEX CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
30.10.2009 |
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Com. Reg. No.: |
24475890 |
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Legal Form : |
Limited Liability
Company |
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Line of Business : |
Trader of
accessory, ore and the related products |
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No of Employees : |
Not Available |
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Taiwan |
A2 |
A2 |
|
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. In 2009, Taiwan's GDP
contracted 1.8%, due primarily to a 13.1% year-on-year decline in exports. In
2010 GDP grew 10.7%, as exports returned to the level of previous years, and in
2011, grew 4.0%. In 2012, however, growth fell to 1.3%, because of softening
global demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging
population are major long-term challenges. Free trade agreements have
proliferated in East Asia over the past several years, but except for the landmark
Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010,
so far Taiwan has been excluded from this greater economic integration in part
because of its diplomatic status. Negotiations continue on such follow-on
components of ECFA regarding trade in goods and services. The MA administration
has said that the ECFA will serve as a stepping stone toward trade pacts with
other key trade partners, which Taiwan subsequently launched with Singapore and
New Zealand. 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 trade surplus
largely because of its surplus with China, and its foreign reserves are the
world's fifth largest, behind China, Japan, Saudi Arabia, and Russia. 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. Three financial memorandums of understanding, covering banking,
securities, and insurance, took effect in mid-January 2010, opening the island
to greater investments from the mainland's financial firms and institutional
investors, and providing new opportunities for Taiwan financial firms to
operate in China. 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: |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
Notes:
The supplied address is incomplete, and
the exact address is as above.
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Registered Name: |
Blue Star Impex Co., Ltd. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
24475890 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2014.2, 1 NTD =0.0339 USD) |
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Legal Representatives: |
Nisi Ma |
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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: |
Note:
Subject
declined to disclose the staff number, and from other sources, we couldn’t
obtain the information, either.
Subject was incorporated on
|
Name |
Subscription
Amount |
|
Nisi Ma |
500,000 |
The information
above is that of subject’s major shareholders.
Subject did not register any subsidiaries or branches,
from other source we can not obtain the relevant information, either.
Core Management
Directors
|
Name |
Nisi
Ma |
|
Position |
Director |
Offices & Factories
|
|
Headquarters |
|
Add |
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Production
Information
l Subject
is a trader of accessory, ore and the
related products without any production activities
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details
|
|
F115010 |
Wholesale of accessory and precious
metal |
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F115020 |
Wholesale of ore |
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F215010 |
Retail of accessory and precious
metal |
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F215020 |
Retail of ore |
|
F401010 |
International trade |
l The
products are mostly purchased from abroad.
l Subject
is mainly engaged in trading of accessory,
ore and the related products.
l Subject’s
selling territory covers all over the world.
l But
subject declined to disclose other information about subject.
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
1.
Domestic Purchase
Subject has little domestic purchase.
2.
Import
|
Products |
Accessory, ore and the related
products. |
|
Terms |
Sales
1.
Domestic Markets
|
Product |
Accessory, ore and the related
products. |
|
Terms |
T/T, Cash, etc |
2.
Export
|
Products |
Accessory, ore and the related
products. |
|
Terms |
L/C, 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 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 |
The Operator |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.12 |
|
|
1 |
Rs. 103.93 |
|
Euro |
1 |
Rs. 85.16 |
INFORMATION DETAILS
|
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 |
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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 |
|
<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.