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Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
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Name : |
NIDHI IMPEX CO., LTD. |
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Registered Office : |
10F.-3, No.142, Sec. 2, Chang-An E. Rd., Zhongshan Dist., Taipei City 10491 |
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Country : |
Taiwan |
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Date of Incorporation : |
24.03.2006 |
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Com. Reg. No.: |
28008658 |
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Legal Form : |
Private Limited Liability Company |
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LINE OF BUSINESS : |
NOT AVAILABLE |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Moderate |
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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 |
A2 |
A2 |
|
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: |
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Supplied Name: |
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Supplied Address: |
According to the supplied name, we found two
telephone numbers +886-2-27529630 and +886-2-23952556 belongs to the subject
from public files.
However, both two numbers were no one
answered.
According to the supplied
name and address, we can not find any operation information or other valid
contact information of subject.
We found subject’s registration information as follows for reference.
|
Registered Name: |
NIDHI IMPEX CO., LTD. |
|
Registered Address: |
10F.-3, No.142, Sec. 2, Chang-An E. Rd., Zhongshan
Dist., Taipei City 10491, Taiwan (R.O.C.) |
|
Date of Foundation: |
2006-3-24 |
|
Registration Number: |
28008658 |
|
Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2014.5, 1 NTD = 0.0331 USD) |
|
Legal Representatives: |
De Mai |
|
Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Notes: Since we didn’t contact
subject successfully, the principal activities and staff number are not
available from any sources.
Subject was incorporated
on 2006-3-24 with registered number 28008658
as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
De Mai |
5,000,000 |
The information above is that of subject’s major shareholders.
Core Management
Directors
|
Name |
De Mai |
|
Position |
Director |
|
Date of Appointment |
2006-11-1 |
Operation
Information
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International trading business. |
|
F215010 |
Retails of jewelry and precious metal. |
|
F215020 |
Retails of ores. |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
From the registered files, we found the
subject’s registered activities as above.
Since we were failed to contact with the subject,
the above information cannot be confirmed by the subject.
Since we didn’t contact subject successfully,
the settlement information is not available from any sources.
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.
Since we didn’t contact subject successfully,
the financial information is not available from any sources.
Since we didn’t contact subject successfully,
the bank information is not available from any sources.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.00 |
|
|
1 |
Rs.101.75 |
|
Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
|
|
Report Prepared
by : |
NNA |
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.