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Report Date : |
13.05.2014 |
IDENTIFICATION DETAILS
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Name : |
IX TECHNOLOGY LTD. |
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Registered Office : |
4F., No. 101, Sec. 3, Nanjing E. Rd., Jhongshan District, Taipei City 104 |
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Country : |
Taiwan |
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Date of Incorporation : |
20.11.1992 |
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Com. Reg. No.: |
86994153 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of audio and visual equipment |
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No. of Employees : |
About 50 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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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Trading Address: |
2/F., No.7-1,
Sec 2, Ren-ai Road, Zhongzheng District, Taipei City, Taiwan |
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Supplied Address: |
|
|
Telephone Number: |
+886-2-7724-6668 |
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Fax Number: |
Notes: The exact name and address are as
above.
|
Registered Name: |
IX TECHNOLOGY LTD. |
|
Registered Address: |
4F., No. 101, Sec. 3, Nanjing E. Rd.,
Jhongshan District, Taipei City 104, Taiwan (R.O.C.) |
|
Date of Foundation: |
1992-11-20 |
|
Registration Number: |
86994153 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 100,000,000
(USD 3,400,000) (As of 2014.05, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 73,600,000
(USD 2,502,400) |
|
Legal Representatives: |
Zhipu Zhang |
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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: |
Subject was incorporated
on 86994153 with registered number 1992-11-20
as Joint Stock Company in
Taiwan.
|
Name |
Subscription Shares |
|
Zhipu Zhang |
294,400 |
|
Zhihan Zhang |
|
|
472,367 |
|
|
Xiaomiao Zhang |
852,433 |
|
Xiaoyun Zhang |
1,294,033 |
The information above is that of subject’s major shareholders.
Related Company
|
Name |
Linfair Engineering & Trading Ltd. |
|
Address |
No.7-1, Sec 2, Ren-ai Road, Zhongzheng
District, Taipei City, Taiwan |
Core Management
Directors
|
1 |
|
|
Name |
Zhipu Zhang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Zhihan Zhang |
|
Position |
Director |
|
3 |
|
|
Name |
Xiaomiao Zhang |
|
Position |
Director |
|
4 |
|
|
Name |
Xiaoyun Zhang |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 50 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
2/F., No.7-1, Sec 2, Ren-ai Road, Zhongzheng District, Taipei City,
Taiwan |
Production Information
Subject is a trader of audio and
visual equipment, without any production activities.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
E601020 |
Installation of electric appliance |
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E603050 |
Automatic control equipment engineering industry |
|
E603090 |
Installation of lighting equipment |
|
E604010 |
Installation of machinery |
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E605010 |
Installation of computer |
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E701010 |
Communication engineering |
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E701020 |
Installation of satellite television KU channel and C channel
equipment |
|
E701030 |
Installation of RF equipment controlled by telecom |
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E801010 |
Interior decorating business |
|
E801030 |
Indoor light steel frame engineering |
|
E801070 |
Installation of kitchenware and sanitary ware |
|
EZ05010 |
Installation of instrument and apparatus |
|
EZ06010 |
Traffic signs engineering |
|
EZ14010 |
Sport equipment engineering |
|
EZ99990 |
Other engineering industry |
|
F105050 |
Wholesale of furniture, bedding, kitchen utensil, decoration |
|
F106010 |
Wholesale of hardware |
|
F106020 |
Wholesale of daily supplies |
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F107010 |
Wholesale of paint and coating |
|
F107020 |
Wholesale of dye and pigment |
|
F109070 |
Wholesale of stationery, musical instrument, recreational supplies |
|
F111090 |
Wholesale of building materials |
|
F113010 |
Wholesale of machinery |
|
F113020 |
Wholesale of electric appliance |
|
F113030 |
Wholesale of electric appliance |
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F113050 |
Wholesale of computer and office equipment |
|
F113070 |
Wholesale of telecommunications equipment |
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F113100 |
Wholesale of pollution-prevention equipment |
|
F114010 |
Wholesale of automobile |
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F118010 |
Wholesale of software |
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F119010 |
Wholesale of electronic materials |
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F205040 |
Retail of furniture, bedding, kitchen utensil, decoration |
|
F206010 |
Retail of hardware |
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F206020 |
Retail of daily supplies |
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F206040 |
Retail of water equipment |
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F207010 |
Retail of paint and coating |
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F207020 |
Retail of dye and pigment |
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F209060 |
Retail of stationery, musical instrument, recreational supplies |
|
F211010 |
Retail of building materials |
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F213010 |
Retail of electric appliance |
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F213030 |
Retail of computer and office equipment |
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F213040 |
Retail of precise instrument |
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F213060 |
Retail of telecommunications equipment |
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F213080 |
Retail of mechanical appliance |
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F213100 |
Retail of pollution-prevention equipment |
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F214010 |
Retail of automobile |
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F218010 |
Retail of software |
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F219010 |
Retail of electronic materials |
|
F401010 |
International trade business |
|
F401021 |
Import of RF equipment that controlled by telecom |
|
I301010 |
Software service |
|
I301020 |
Data processing service |
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I301030 |
Electronic information supply |
|
I501010 |
Product design |
|
I503010 |
Landscape and interior design |
|
IG01010 |
Biotechnology service |
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J801030 |
Competition and leisure sports |
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JZ99050 |
Intermediary service |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
Subject purchases products mainly from abroad and its major suppliers include
SoundTube Entertainment, Inc (USA), Switchcraft, Inc (USA), DPA Microphones
(Denmark) and Nagravision SA (Switzerland)
·
Subject is engaged in sale of audio and visual equipment
·
The major products sold by subject include stereo
equipment, microphone, loudspeaker, screen, sound recorder and so on.
·
Subject’s sales region is mainly in Taiwan domestic
market.
·
Subject’s major customers are TV station, theatre,
studio and photostudio
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic
Purchase
Subject has little domestic purchase.
Foreign
Purchase
|
Terms |
Proportion |
|
|
Audio and visual equipment |
L/C, T/T |
100% |
Sales
Domestic
Markets
|
Terms |
Proportion |
|
|
Audio and visual equipment |
T/T, Cash |
100% |
Export
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 Ms. Li 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 any information about
bankers, and we can not obtain the information from other source.
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. Li |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.73 |
|
|
1 |
Rs.100.82 |
|
Euro |
1 |
Rs.82.22 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
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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 |
|
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.