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Report Date : |
01.10.2014 |
IDENTIFICATION DETAILS
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Name : |
MACRO IDEA
INTERNATIONAL CO., LTD. |
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Registered Office : |
4F., No.2-3, |
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Country : |
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Date of Incorporation : |
31.12.2003 |
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Com. Reg. No.: |
80370399 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in trading of Steel Products include Hot/Cold Rolled Steel Coil/ Sheet, Electro Galvanized Steel Sheet, Hot Dipped Galvanized Steel Coil/Sheet, Pre-Painted Hot Dipped Galvanized Steel Coil/Sheet, Stainless Steel Coil/Plate, Wire Rod and Reinforcing Deformed Steel Bar |
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No of Employees : |
About 10 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 : |
Exists |
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 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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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.
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Source : CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
4F., No.2-3, Renyi
St., Lingya District, Kaohsiung City 802, Taiwan, R.O.C. |
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Supplied Address: |
4F No 2-3 Renyi
St Lingya District Kaohsiung City 802 Kaohsiung |
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Telephone Number: |
+886-7-338-6001 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above.
Subject was
incorporated on 2003-12-31 with registered number 80370399 as Private Limited
Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Zhenyu Cai |
30,000,000 |
The information above is that of subject’s major shareholders.
Related Companies
|
1 |
|
|
Name |
Simco Holdings Limited |
|
Address |
Hong Kong |
|
2 |
|
|
Name |
Strong Light Co., Ltd |
|
Address |
Vietnam |
|
3 |
|
|
Name |
Welsh Gunner Holdings Sdn Bhd |
|
Address |
Malaysia |
|
4 |
|
|
Name |
Changsuwan Commercial Co., Ltd. |
|
Address |
Thailand |
|
5 |
|
|
Name |
Moore Sales Co., Ltd |
|
Address |
Canada |
Core Management
|
Zhenyu Cai |
|
|
Position |
Director |
Personnel
Structure
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Total Employees |
About 10 Employees |
Offices &
Factories
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|
Headquarters |
|
Add |
4F., No.2-3, Renyi St., Lingya District,
Kaohsiung City 802, Taiwan, R.O.C. |
Production
Information
l
Subject is a trader of steel products
without any production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F401010 |
International trade business |
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H701010 |
Development and leasing of residence and
building |
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H701020 |
Development and leasing of industrial
premises |
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H701050 |
Investment in public construction |
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H702010 |
Construction contractor |
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H703090 |
Sales of real estate |
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H703100 |
Leasing of real estate |
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ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
Subject purchases product from both home
and abroad and we obtained some supplier’ information as follows for reference:
|
Origin |
Supplier |
|
Taiwan |
Chung Hong Steel Co., Ltd Sheng Yu Steel Co., Ltd. Prosperity Tieh Steel Kai-Ching Industry Co., Ltd. |
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Mainland China |
Shandong Hengji New Materials Co., Ltd. Wuhan Iron & Steel (Group) Corp. Shandong Zhongguan Steel Plate Co., Ltd. Tangshan Iron And Steel Group Co., Ltd. Changshu Everbright Material Technology Co., Ltd. Angang Steel Company Limited Fujian Kaijing Steel Development Co., Ltd. |
|
South Korea |
Dongbu Steel Co., Ltd. Union Steel Co., Ltd. |
l
Subject is engaged in sale of steel
products.
l
The major products sold by subject include
hot/cold rolled steel coil/ sheet, electro galvanized steel sheet, hot dipped
galvanized steel coil/sheet, pre-painted hot dipped galvanized steel
coil/sheet, stainless steel coil/plate, wire rod and reinforcing deformed steel
bar
l
Subject’s sales regions include Asia
and America, etc.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Steel products |
T/T,
Cash, etc |
100% |
Foreign Purchase
|
Terms |
Proportion |
|
|
Steel products |
T/T,
etc |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Steel products |
T/T,
Cash, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Steel products |
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 Ms. Chen 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
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1 |
|
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2010,xiongjian,563 |
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Date of Trial: |
2010-8-31 |
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Reason: |
Confirmation of the inexistence
of contractual relationship |
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Claimant: |
Kai Yuan Construction Co., Ltd.
(Literal Translation) |
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Defendant: |
Macro Idea International Co., Ltd. |
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2 |
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Trial Number: |
2010,xiongbu,257 |
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Date of Trial: |
2010-2-25 |
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Reason: |
Confirmation of the inexistence
of contractual relationship |
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Claimant: |
Kai Yuan Construction Co., Ltd.
(Literal Translation) |
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Defendant: |
Macro Idea International Co., Ltd. |
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3 |
|
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Trial Number: |
2009,xiongbu,1788 |
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Date of Trial: |
2009-11-4 |
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Reason: |
Pulled down the house and
returned the land |
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Claimant: |
Macro Idea International Co., Ltd. |
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Defendant: |
Not Stated |
|
Name |
Ms. Chen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.61 |
|
UK Pound |
1 |
Rs.100.28 |
|
Euro |
1 |
Rs.78.21 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.