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Report Date : |
06.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUNBETTER TRADING CO., LTD. |
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Registered Office : |
2Fl., No.161, Chung Cheng 1st Rd.,
Kaohsiung, Taiwan, R.O.C. |
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Country : |
Taiwan |
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Date of Incorporation : |
16.05.1984 |
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Com. Reg. No.: |
76438278 |
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Legal Form : |
Private Limited Liability
Company |
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Line of Business : |
Trading of agricultural
products. |
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No. of Employees : |
20 |
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 |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
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: |
|
|
Trading Address: |
2Fl., No.161, Chung Cheng 1st
Rd., Kaohsiung, Taiwan, R.O.C. |
|
Supplied Address: |
|
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Telephone Number: |
+886-7-716-3306 |
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Fax Number: |
|
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Email: |
Notes: The exact name and address are as above.
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Registered Name: |
Sunbetter Trading Co., Ltd. |
|
Registered Address: |
2Fl., No.161, Chung Cheng 1st Rd., Kaohsiung,
Taiwan, R.O.C. |
|
Date of Foundation: |
1984-5-16 |
|
Registration Number: |
76438278 |
|
Registry: |
Economic Development Board of Kaohsiung City
Government |
|
Registered Capital: |
NTD 38,000,000 (USD 1,261,600) (As of 2014.11, 1 NTD = 0.0332 USD) |
|
Legal Representatives: |
Xinyi Xu |
|
Legal Form: |
|
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Principal Activities: |
|
|
Staff: |
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Listed
at Stock Exchange: |
|
|
Date
of Last Annual Return: |
Subject was incorporated on
1984-5-16 with registered number 76438278 as Private Limited Liability Company in Taiwan.
Related Company
|
Registered Name: |
Long Weleare Industry Co., Ltd. |
|
Registered Address: |
2Fl., No.161, Chung Cheng 1st Rd., Kaohsiung, Taiwan,
R.O.C. |
|
Date of Foundation: |
1988-3-25 |
|
Registration Number: |
|
|
Registry: |
Economic Development Board of Kaohsiung City
Government |
Major Shareholders
|
Name |
Subscription Amount |
|
Xinyi Xu |
19,000,000 |
|
Name |
Xinyi
Xu |
|
Position |
Director |
Personnel Structure
|
Total
Employees |
About 20
Employees |
|
|
Headquarters |
|
Add |
2Fl., No.161, Chung Cheng 1st Rd., Kaohsiung,
Taiwan, R.O.C. |
Production Information
Subject is a
trader of agricultural products without any production activities.
Purchase Information
The registered activities of subject:
|
Business
Code |
Details |
|
-- |
General import and export business (besides licensed business) |
|
-- |
Trading of soybean, mung bean,
ormosia, corn, pinto, black soya bean and frozen sea food |
|
F111010 |
Wholesale of wood |
|
F111020
|
Wholesale of cement, lime |
|
F111030 |
Wholesale of brick, tile, stone |
|
F111040
|
Wholesale of tiles and stone veneer |
|
F111050 |
Wholesale of glass building material |
|
F111060 |
Wholesale of sanitary ware |
|
F111070 |
Wholesale of metal building materials |
|
F111080 |
Wholesale of doors and windows |
|
-- |
As an agent assists in developing
quoting, bidding and distributing about home and abroad companies’ products. |
Subject purchases products mainly
from abroad such as Thailand, Burma and India, etc.
l Subject
is engaged in sale of agricultural
products, etc.
l
The major products sold by subject
include soybean, mung bean and sesame, etc.
l
Subject’s sales region is mainly in
Taiwan domestic market, etc.
l
Subject’s major types of customers are
retailers and individuals, etc.
Import
and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
1.
Domestic Purchase
Subject has little domestic purchase.
2.
Import
|
Products |
Agricultural products,
etc |
|
Payment Terms |
T/T, etc |
Sales
1.
Domestic Markets
|
Product |
Agricultural products,
etc |
|
Selling Terms |
Cash, T/T, etc |
2.
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 declined to disclose its
financials citing the grounds of company’s confidentiality; from other sources
we could not obtain such information, either.
Subject
declined to disclose its bank details; from other source we could not 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.
Interview
Details
|
Department |
Sales Department |
Note: Subject’s relevant staff declined to disclose her
name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.61.39 |
|
UK Pound |
1 |
Rs.98.00 |
|
Euro |
1 |
Rs.76.99 |
INFORMATION DETAILS
|
Analysis
Done by : |
DIV |
|
|
|
|
Report
Prepared by : |
SNT |
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.