|
Report Date : |
14.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SAGA CO., LTD. |
|
|
|
|
Registered Office : |
1-3, Kai Fa Road, N.E.P.Z. Kaohsiung,
Taiwan, R.O.C. |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
04.12.1986 |
|
|
|
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Com. Reg. No.: |
22100025 |
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|
|
|
Legal Form : |
Joint Stock Company |
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|
|
|
Line of Business : |
Engaged in designing, processing and sales
of jewelry accessories |
|
|
|
|
No. of Employees |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
C |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
Status : |
Company Dissolved |
|
Payment Behaviour : |
--- |
|
Litigation : |
--- |
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 |
|
Company Name: |
|
|
Supplied Name: |
|
|
Supplied Address: |
4F-2, No Lane 3 Sec 1 Jiuzhuang St. Nangang
Dist, Taipei City 115 |
Registration files show that subject has been dissolved since 2012-6-7.
We tried to contact with the subject through the supplied number +886- 2 2692 5083, the relevant staff answered the
phone, he introduced that his company name is mainly engaged in manufacturing
and sales of plastic labels, his company is not our subject and the supplied
address does not belongs to his company, moreover, he didn’t know our subject.
And we tried to contact with the subject through the telephone number
+886-7-3613188 which we obtained from the public files based on the supplied
name, the gentleman who answered the phone introduced that this number is a
resident number and he also didn’t know the supplied name and address.
From the public files, we cannot find the operation information or other
valid contact information from of subject
The registered files we supplied as following is as of 2012-6-7 for
references.
Subject was incorporated on
The subject has been dissolved on 2012-6-7.
The subject was formerly mainly engaged in designing, processing and
sales of jewelry accessories.
|
Name |
Subscription Shares |
|
Saga Group Limited |
90,800 |
The information
above is that of subject’s major shareholders.
Core Management
Directors
|
1 |
|
|
Name |
Kaiya Wei |
|
Position |
Supervisor |
|
2 |
|
|
Name |
Yuede Lei |
|
Position |
Manager |
|
Date of
Appointment |
1996-1-1 |
Since the subject was dissolved, the operation information
is not available from any sources.
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacture, processing and export of all kinds
of Jewelry products and semi-finished product |
|
-- |
Manufacture, processing and export of wax mould,
rubber mould, jewelry tools creating tools, products and
semi-finished product |
|
-- |
Sales and price quoting business of jewelry (materials, products and semi-finished product) |
|
-- |
Manufacture, processing, assembly, manufacturing
consignment and export of decorative clocks, components, products and
semi-finished product, etc |
|
-- |
General import and export trading business
Besides licensed business |
Since the subject
was dissolved, 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.
Subject has been dissolved, thus the financials are not available from
any sources.
Since the subject was dissolved,
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
|
1 |
|
|
Trial Number: |
2013, Xiongjian, 1039 |
|
Date of Trial: |
2013-12-26 |
|
Reason: |
Payment for rents and etc |
|
2 |
|
|
Trial Number: |
2012, Xiongjian, 2080 |
|
Date of Trial: |
2012-12-12 |
|
Reason: |
Payment for electricity |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.87 |
|
|
1 |
Rs.100.98 |
|
Euro |
1 |
Rs.82.40 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.