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Report Date : |
14.06.2014 |
IDENTIFICATION DETAILS
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Name : |
ENTIRE SPORT INTERNATIONAL CORP. |
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Registered Office : |
12F., No.110, Sec. 7, Chengde Rd., Beitou Dist., Taipei
City 11262, |
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Country : |
Taiwan |
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Date of Incorporation : |
15.12.2003 |
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Com. Reg. No.: |
80652720 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and sales of sports equipment |
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No. of Employees |
10.(Taiwan Headquarter) 60 (Taiwan Factory) |
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 |
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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: |
12F., No.110, Sec. 7, Chengde Rd., Beitou Dist., Taipei City 11262, Taiwan |
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Supplied Address: |
12F NO 110 SEC 7 CHENGDE RD BELTOU DISTRICT TAIPEI 112 TAIWAN |
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Telephone Number: |
+886-2-2822-2585 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above.
Subject was incorporated on 2003-12-15 with registered number 80652720 as Private Limited Liability Company in Taiwan.
Change of Name
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Former Chinese Name |
捷斯特國際事業有限公司 |
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Current Chinese Name |
亨冠國際事業有限公司 |
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Former English Name |
Just Fitness International Corp. |
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Current English Name |
Entire Sport International Corp. |
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Name |
Subscription Amount |
|
Yingchou Wuzhuang |
3,625,000 |
The information above is that of subject’s major shareholders.
Factories
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1 |
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Address: |
NO.648,Si-an Rd.,Dacun Township,Changhua county,Taiwan |
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2 |
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Address: |
NO. 1028 Jinger Road, Changxing Development Area, Zhejiang, China P.C.:313100 |
Core Management
Directors
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1 |
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Name |
Yingchou Wuzhuang |
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Position |
Director |
Personnel Structure
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Total Employees |
About 10 Employees.(Taiwan Headquarter) About 60 Employees (Taiwan Factory) |
Offices & Factories
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|
Headquarters |
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Add |
12F., No.110, Sec. 7, Chengde Rd., Beitou Dist., Taipei City 11262, Taiwan |
Production Information
Subject is a manufacturer of sports equipment and etc.
It is introduced that subject has two factories in Taiwan and the mainland of China.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
F114030 |
Wholesales of components of automobile and locomotive. |
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F114040 |
Wholesales of bicycles and components. |
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F109020 |
Wholesales of stationary. |
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F109030 |
Wholesales of sport equipment. |
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F109040 |
Wholesales of toys and entertainment products. |
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F106010 |
Wholesales of hardware. |
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F106020 |
Wholesales of daily supplies. |
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F104050 |
Wholesales of garment. |
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F108040 |
Wholesales of cosmetics. |
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F118010 |
Wholesales of information software. |
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F119010 |
Wholesales of electronic materials. |
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F401010 |
International trading business. |
It is introduced that subject purchases its raw materials and etc both at home and abroad.
The subject is mainly engaged in sales of sports equipment and etc.
It is introduced that subject’s major products are indoor sports equipment and small sports equipment, such as air elliptical, health products, stepper, magnetic bike, elliptical trainer, recumbent bike, speed bike, treadmill, bench, home gym and related accessories.
It is introduced that subject’ selling territory includes Asia, Europe, Middle East and etc.
It is introduced that subject’s major customers are gym, fitness center and etc.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
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Payment Terms |
Proportion |
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Sports equipment and etc. |
COD, CBD and etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Sports equipment and etc. |
CBD and etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Sports equipment and etc. |
COD, CBD and etc |
100% |
Export
|
Sales Terms |
Proportion |
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|
Sports equipment and etc. |
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. Wu 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. Wu |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.48 |
|
|
1 |
Rs.100.93 |
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Euro |
1 |
Rs.80.71 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIS |
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 |
-- |
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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.