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Report Date : |
24.01.2014 |
IDENTIFICATION DETAILS
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Name : |
IMAGE-TRANS TECHNICS INC. |
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Registered Office : |
3F., No.25, Lane 122, Sec.1, Min-Chi Rd.,
Taishan Dist., New Taipei City 243 |
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Country : |
Taiwan |
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Date of Incorporation : |
24.03.2004 |
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Com. Reg. No.: |
80736263 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Engaged in manufacturing and trading of transfer paper
printing products including flock heat transfers, iron-on transfers, decal water slide transfer,
heat transfer printing, foil transfer sticker, heat transfer paper, label
transfer sticker, tag-less label heat transfer film & rub-on transfers |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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. 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.
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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: |
26 Alley 5, Lane 19 Sec. 1, Min-Chi Road,
Tai-Shan, Taipei Hsien, Hsinchuang, Taipei Hsien |
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Telephone Number: |
+886-2-2900-7201 |
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Fax Number: |
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E-mail: |
Notes: Subject’s
exact name and address are as above.
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Credit Opinion: |
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Registered Name: |
Image-Trans Technics Inc. |
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Registered Address: |
3F., No.25, Lane 122, Sec.1, Min-Chi Rd.,
Taishan Dist., New Taipei City 243, Taiwan (R.O.C.) |
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Date of Foundation: |
2004-3-24 |
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Registration Number: |
80736263 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2014.01, 1 NTD = 0.0339 USD) |
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Legal Representatives: |
Minghua Cai |
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Legal Form: |
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Principal Activities: |
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Staff: |
N/A |
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Listed at Stock Exchange: |
Notes: Subject
did not introduce its staff number and from other source we can not obtain the relevant
information, either.
Subject was incorporated on 2004-3-24 with registered number 80736263 as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Minghua Cai |
500,000 |
The information
above is that of subject’s major shareholders.
Core
Management
|
Name |
Minghua Cai |
|
Position |
Director |
Offices
& Factories
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|
Headquarters |
|
Add |
1/F., No. 26 Alley 5, Lane 19 Sec. 1, Min-Chi Road, Tai-Shan, Taipei Hsien,
Hsinchuang, Taipei Hsien, Taiwan R.O.C. |
Production
Information
l
Subject is engaged in manufacturing of transfer
paper printing products.
l
Subject has a factory in Taiwan for production.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F107130 |
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F207130 |
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F107010 |
Wholesales of paint vehicle and coating |
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F207010 |
Retails of paint vehicle and coating |
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F104020 |
Wholesales of garment |
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F204020 |
Retails of garment |
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F109020 |
Wholesales of stationery |
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F209010 |
Retails of books and stationery |
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I102010 |
investment consultant business |
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I103010 |
Enterprise operation and management
consulting service |
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F401010 |
International Trading Business |
l
Subject purchases both at home and abroad.
l
The subject is mainly engaged in sales of transfer
paper printing products.
l
The
major products sold by subject include flock heat transfers, iron-on transfers,
decal water slide transfer, heat transfer printing, foil transfer sticker, heat
transfer paper, label transfer sticker, tag-less label heat transfer film &
rub-on transfers
l
Subject’s products are applied to most of
substrates, including garment clothing accessories, plastic, leather, rubber,
metal, carbon fiber, glass, ceramic, wood, most of other industrial products,
for promotion and decoration.
l
The subject sales regions include Asia, America,
Europe, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment
Terms |
Proportion |
|
|
Raw
materials, etc |
CBD,
COD, etc |
100% |
Foreign Purchase
|
Payment
Terms |
Proportion |
|
|
Raw
materials, etc |
CBD,
etc |
100% |
Sales
Domestic Markets
|
Sales
Terms |
Proportion |
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|
Transfer
Paper Printing Products, etc |
CBD,
etc |
100% |
Export
|
Sales
Terms |
Proportion |
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|
Transfer
Paper Printing Products, etc |
CBD,
etc |
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 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 can 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.
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.99 |
|
UK Pound |
1 |
Rs.102.67 |
|
Euro |
1 |
Rs.83.98 |
INFORMATION DETAILS
|
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.