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Report Date : |
28.02.2014 |
IDENTIFICATION DETAILS
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Name : |
ALMEC TAIWAN CO., LTD. |
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Registered Office : |
No.1, Ln. 177, |
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Country : |
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Date of Incorporation : |
30.03.2005 |
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Com. Reg. No.: |
27653860 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of steel 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 |
|
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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: |
No.1, Ln. 177,
Wenjian St., Fengshan Dist., Kaohsiung City 830, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-7-777-5181 |
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Fax Number: |
Notes: The exact name and address are as
above.
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Registered Name: |
Almec Taiwan Co., Ltd |
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Registered Address: |
No.1, Ln. 177, Wenjian St., Fengshan Dist., Kaohsiung
City 830, Taiwan (R.O.C.) |
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Date of Foundation: |
2005-3-30 |
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Registration Number: |
27653860 |
|
Registry: |
Economic Development Bureau Kaohsiung City
Government |
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Registered Capital: |
(As of 2014.2, 1 NTD = 0.0331 USD) |
|
Legal Representatives: |
Feili Zhan |
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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: |
Notes: Subject declined to disclose its staff number; from
other source we cannot obtain the relevant information, either.
Subject was incorporated
on 2005-3-30 with registered number 27653860
as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Feili Zhan |
494,000 |
The information above is that of subject’s
major shareholders.
Subject did not introduce whether it has any subsidiaries or branches, from
other source we can not obtain the relevant information, either.
Core Management
Directors
|
Name |
Feili Zhan |
|
Position |
Director |
|
Date of Appointment |
2005-8-31 |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.1, Ln. 177, Wenjian St., Fengshan Dist., Kaohsiung City 830, Taiwan
(R.O.C.) |
Production
Information
Subject is a trader of steel products without any
production activities.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
F106010 |
Wholesales of hardware. |
|
F106010 |
Wholesales of machinery and equipment. |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
It is introduced that subject purchases its products mainly in Taiwan
domestic markets.
·
The subject is mainly engaged in sales of steel
products
·
It is introduced that subject’s selling territory
is in overseas markets.
·
It is introduced that subject has cooperative
factories in Taiwan.
·
It is introduced that subject just takes orders
from assigned customers.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic
Purchase (Taiwan)
|
Payment Terms |
Proportion |
|
|
Steel products |
COD, CBD |
100% |
Foreign
Purchase
The subject has
little import.
Sales
Domestic Markets
The subject has little sales in domestic
market.
Export
|
Sales Terms |
Proportion |
|
|
Steel products |
CBD |
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 Ms. Luo declined to
disclose its financials citing the grounds of company’s confidentiality; from
other source we can not obtain the relevant information, either.
Subject declined to
disclose its bank details; 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 |
Ms. Luo |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.103.31 |
|
Euro |
1 |
Rs.85.11 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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 |
|
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.