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Report Date : |
12.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
SHENG JI HERBS
& SPICES CO. |
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|
|
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Registered Office : |
No.368, De Wang St., Sanmin District, Kaohsiung
City 807 |
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Country : |
Taiwan |
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Date of Incorporation : |
04.01.2007 |
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Com. Reg. No.: |
57944802 |
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Legal Form : |
Sole Proprietorship |
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Line of Business : |
· Engaged in Trading of herbs & teas · Manufacturer of tea. · Wholesaler of tea. · Manufacturer of canned, frozen, dehydrated and pickled food. |
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|
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No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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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.
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.
|
Source : CIA |
|
Concern Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.368, De Wang
St., Sanmin District, Kaohsiung City 807, Taiwan, R.O.C. |
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Supplied Address: |
|
|
Telephone Number: |
+886-7-315-5435 |
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Fax Number: |
Notes: The
exact name and address are as above.
|
Credit Opinion: |
Notes:
Subject declined to disclose its staff number;
from other source we cannot obtain the relevant information, either.
Subject was incorporated on 2007-1-4 with registered number 57944802 as Sole Proprietorship in Taiwan.
|
Name |
Baohui Huang |
Factory
|
Address: |
No.368, De Wang St., Sanmin District,
Kaohsiung City 807, Taiwan, R.O.C. |
|
Date of Registration: |
2007-7-19 |
|
Factory Registration Number: |
64006065 |
|
Factory Manager: |
Baohui Huang |
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Status: |
In Production |
|
Date of Last Annual Return: |
2013-12-9 |
|
Major Products: |
089 Other Food |
Core Management
|
Name |
Baohui Huang |
|
Position |
Owner |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.368, De Wang St., Sanmin District,
Kaohsiung City 807, Taiwan, R.O.C. |
Production
Information
l
Subject is a trader of herbs without any production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F102050 |
Wholesales of tea. |
|
F102170 |
Wholesales of food and miscellaneous
goods. |
|
C111010 |
Manufacturing of tea. |
|
C103050 |
Manufacturing of canned, frozen, dehydrated
and pickled food. |
l
It is introduced that subject purchases its
products mainly in domestic market.
l The subject is
mainly engaged in sales of herbs
l
It is introduced that
subject’s major products are herbs & teas
l
It is introduced that
subject’s selling territory includes Asia and etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment
Terms |
Proportion |
|
|
Herbs and etc. |
COD,
CBD and etc |
100% |
Foreign Purchase
The subject has little
imports.
Sales
Domestic Markets
|
Sales
Terms |
Proportion |
|
|
Herbs and etc. |
COD,
CBD and etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Herbs and etc. |
COD,
CBD and 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’s relevant staff Ms. Huang declined to disclose its financials citing the grounds of concern’s confidentiality; from other source we can not obtain the relevant information, either.
|
Name |
Bank of Kaohsiung Co., Ltd. |
|
Address |
1-3F, 168 Po Ai 2nd Road Tsoying District,
Kaohsiung, Taiwan R.O.C. |
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. Huang |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.33 |
|
UK Pound |
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.80.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
MNL |
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 |
|
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 |
|
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.