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Report Date : |
11.07.2014 |
IDENTIFICATION DETAILS
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Name : |
UNIVERSAL INTEGRATED CORP. |
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Registered Office : |
5F., No.129, Sec. 1, |
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Country : |
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Date of Incorporation : |
7.08.1986 |
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Com. Reg. No.: |
22180049 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of pharmaceutical products |
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No of Employees : |
About 200 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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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
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
5F., No.129, Sec.
1, Fuxing S. Rd., Da-An District, Taipei City 10666, Taiwan (R.O.C.) |
|
Supplied Address: |
5F., No.129,
Sec. 1, Fuxing S. Road, Da-An District, Taipei City, Taiwan |
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Telephone Number: |
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Fax Number: |
Notes:
The exact name and address are as
above.
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Credit Opinion: |
Business connections are permissible. |
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Risk Analysis: |
Average creditworthiness |
Subject was incorporated on 1986-8-7 with registered number 22180049 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Xiejun Qiu |
920,000 |
|
Shenxia Song |
715,600 |
|
Weizhong Qiu |
292,200 |
|
Weiqun Qiu |
292,077 |
The information above is that of subject’s major shareholders.
Related Companies
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1 |
|
|
Name |
Giant & Medcom Corp. |
|
Address |
5F., No.127, Sec. 1, Fu-Hsing S. Rd., Da-An District, Taipei City
10666, Taiwan (R.O.C.) |
|
Registered Number |
30939019 |
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Date of Foundation |
1981-3-11 |
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Telephone Number |
+886-2-2753-3235 |
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2 |
|
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Name |
Chin An Trade Corporation ( Liberal Translated) |
|
Address |
Room 5, 11 Floor, No.33 Sec2 Jianguo North Road, Zhongshan
District, Taipei |
|
Telephone Number |
+886-27523237 |
|
3 |
|
|
Name |
Mai Tong Corporation ( Liberal Translated) |
|
Address |
5F., No.129, Sec. 1, Fuxing S.
Rd., Da-An District, Taipei City 10666, Taiwan (R.O.C.) |
Core Management
Directors
|
1 |
|
|
Name |
Xiejun Qiu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Shenxia Song |
|
Position |
Director |
|
3 |
|
|
Name |
Weizhong Qiu |
|
Position |
Director |
|
4 |
|
|
Name |
Weiqun Qiu |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 200
Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
5F., No.129, Sec. 1, Fuxing S. Rd., Da-An
District, Taipei City 10666, Taiwan (R.O.C.) |
Production
Information
· The subject is a trader of pharmaceutical products, cosmetic and etc.
Purchase
Information
· The registered activities of subject:
|
Business Code |
Details |
|
F108011 |
Wholesales of traditional Chinese
medicine. |
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F108021 |
Wholesales of western medicine. |
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F208011 |
Retails of traditional Chinese medicine. |
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F208021 |
Retails of western medicine. |
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F108031 |
Wholesales of medical equipment. |
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F208031 |
Retails of medical equipment. |
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F401021 |
Importing of radio-frequency devices for
licensed telecommunication. |
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F113070 |
Wholesales of telecommunication equipment. |
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F213060 |
Retails of telecommunication equipment. |
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E605010 |
Installing of computer equipment. |
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F113050 |
Wholesales of computer and transactional
machinery and equipment. |
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F213030 |
Retails of computer and transactional
machinery and equipment. |
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F108040 |
Wholesales of cosmetic. |
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F208040 |
Retails of cosmetic. |
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F102170 |
Wholesales of food and other good. |
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F203010 |
Retails of food and drinks. |
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F102040 |
Wholesales of drinks. |
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F401010 |
International trading business. |
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F107080 |
Wholesales of environmental medicine. |
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J305010 |
Publishing of talkies. |
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F104110 |
Wholesales of cloth, wearing, shoe, cap,
umbrella and accessories for apparels. |
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F204110 |
Retails of cloth, wearing, shoe, cap,
umbrella and accessories for apparels. |
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J303010 |
Publishing of magazine. |
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ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
· The products sold by the subject are both purchased at home and abroad, such as Japan, USA, Europe, etc.
· Subject is mainly engaged in sales of pharmaceutical products, etc.
· The major products of the subject include pharmaceutical products, health products, cosmetics, etc.
· It is introduced that subject mainly sells its products in Taiwan domestic market.
· Subject’s major customers are hospitals, healthcare center, supermarkets, etc.
Major products:
|
Brand |
Function |
Original |
|
Fleet Enema |
Purging gut |
America |
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Polyxal |
Restoring scar |
-- |
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Xanthium |
Depressing respiratory tract obstruction |
-- |
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Urinom |
Depressing uric acid |
Japan |
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Progor |
Resisting high blood pressure |
Belgium |
|
Acure |
Treating acne |
America |
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Salagen |
Treating mouth dry disease |
America |
|
Erispan |
Resisting dysphoria |
-- |
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Fenogal |
Depressing blood-fat |
Belgium |
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Summer’s eve |
Cleaning vagina |
America |
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Sensimin |
Skin care |
Japan |
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Gyn hydralin |
Cleaning skin |
Taiwan |
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
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Pharmaceutical
products, etc. |
T/T,
Cash, etc. |
100% |
Foreign Purchase
|
Terms |
Proportion |
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|
Pharmaceutical
products, etc. |
L/C,
T/T, etc. |
100% |
Sales
Domestic Markets (Taiwan)
|
Terms |
Proportion |
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|
Pharmaceutical
products, etc. |
T/T,
Cash, etc. |
100% |
Export
The subject has little export.
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.
|
Name |
Mega International Commercial Bank |
Mortgage
No chattel mortgage record of subject has been found within the recent 3 months.
Lawsuit
|
2008,Beijian,4482 |
|
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Date of Trial: |
2008-3-14 |
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Reason: |
|
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Claimant: |
Universal Integrated Corp. |
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Defendant: |
Yimai Industrial Co., Ltd. (Literal
Translation) |
|
Name |
Mr. Li |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 59.87 |
|
|
1 |
Rs. 102.58 |
|
Euro |
1 |
Rs. 81.69 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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.