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Report Date : |
20.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
YII DIANN CHEMICAL INDUSTRY CO., LTD. |
|
|
|
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Registered Office : |
3F, No.7, San Min St., Sanchong Dist., New
Taipei City 241, Taiwan (R.O.C.) |
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|
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Country : |
Taiwan |
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Date of Incorporation : |
04.05.1989 |
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|
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Com. Reg. No.: |
23257208 |
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|
|
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Legal Form : |
Private Limited Liability
Company |
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|
|
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Line of Business : |
Trading of chemicals |
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|
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No. of Employees |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Taiwan |
B2 |
B2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
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
|
Source
: CIA |
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Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
3F, No.7, San Min St., Sanchong Dist., New
Taipei City 241, Taiwan (R.O.C.) |
|
Supplied Address: |
3F, NO 7, SAN MIN ST., SANCHUNG CITY TAIPEI
HSEIN, TAIWAN R.O.C |
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Telephone Number: |
+886-2-2982-7122/ 2988-3885 |
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Fax Number: |
|
|
E-mail: |
Notes: Subject’s exact
name and address are as above.
|
Registered Name: |
Yii Diann Chemical Industry Co., Ltd. |
|
Registered Address: |
3F, No.7, San Min St., Sanchong Dist., New Taipei City 241, Taiwan
(R.O.C.) |
|
Date of Foundation: |
1989-5-4 |
|
Registration Number: |
23257208 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
(As of 2014.04, 1 NTD = 0.0340 USD) |
|
Legal Representatives: |
Yijian Ruan |
|
Legal Form: |
|
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Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock
Exchange: |
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|
Date of Last
Annual Return: |
Subject was incorporated on 1989-5-4 with
registered number 23257208 as
Private Limited Liability Company in Taiwan.
Change of Name
|
Former
English Name |
Yeong
Lih Chemical Industry Co., Ltd. |
|
Current
English Name |
Yii Diann Chemical Industry Co., Ltd. |
|
Name |
Subscription Amount |
|
Yijian Ruan |
10,000,000 |
Subject did not
introduce whether it has any subsidiaries or branches, from other source we can
not obtain the relevant information, either.
Core Management
|
Name |
Yijian Ruan |
|
Position |
Director |
Personnel Structure
|
Total Employees |
About 10 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
3F, No.7, San Min St., Sanchong Dist., New Taipei City 241, Taiwan
(R.O.C.) |
Production
Information
l
Subject is a trader of chemicals
without any production activities.
Purchase
Information
l
The registered activities of subject:
|
1 |
General import and export trading business (besides licensed business, futures goods) |
|
2 |
Sales of all kinds of chemical materials |
|
3 |
Agent service, sales service, price quoting and
bidding service of the above mentioned business |
l
Subject purchases products mainly in
Taiwan domestic market.
l
Subject is engaged in sale of
chemicals, etc.
l
The major products sold by subject are
benzene and adhesive, etc.
l
Subject’s sales regions include
domestic market, Malaysia and other Southeast countries, etc.
Import
and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Chemicals, etc |
Cash, T/T, etc |
100% |
Foreign Purchase
Subject has little import.
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Chemicals, etc |
Cash, T/T, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Chemicals, etc |
L/C, T/T, 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 Mr. Wang 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 |
Mr. Wang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.00 |
|
|
1 |
Rs.102.05 |
|
Euro |
1 |
Rs.81.71 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NIS |
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.