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Report Date : |
14.10.2014 |
IDENTIFICATION DETAILS
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Name : |
ACTIVA INC. |
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Registered Office : |
9F-1, No.472, Jungshan 2nd Rd., Shinshing
Dist., Kaohsiung, Taiwan 800 |
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Country : |
Taiwan |
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Date of Incorporation : |
14.05.2001 |
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Com. Reg. No.: |
13148293 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and sales of cooling fan,
electronic products and metal components. |
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No. of Employees : |
Not Available |
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 : |
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 |
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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: |
9F-1, No.472,
Jungshan 2nd Rd., Shinshing Dist., Kaohsiung, Taiwan 800, R.O.C. |
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Supplied Address: |
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Telephone Number: |
+886-7-282-4356 |
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Fax Number: |
Notes: The exact name and address are as above.
Notes: Subject declined
to disclose its staff number; from other source we cannot obtain the relevant
information, either.
Subject was incorporated
on 2001-5-14 with registered number 13148293
as Private Limited Liability Company in Taiwan.
Subject did not register any subsidiaries or branches; from other source
we could not obtain the relevant information, either.
Major Shareholders
|
Name |
Subscription Amount |
|
Meiji Huang |
20,000,000 |
Core Management
Directors
|
Name |
Meiji Huang |
|
Position |
Director |
Offices &
Factories
|
|
Headquarters |
|
Add |
9F-1, No.472, Jungshan 2nd Rd., Shinshing Dist., Kaohsiung, Taiwan 800,
R.O.C. |
Production
Information
· Subject is engaged in manufacturing of cooling fan, electronic products and metal components, etc.
· Subject has a factory in Taiwan for production, however, subject declined to discloses detailed location about factory for us, we didn’t find any relevant information from other valid sources, either.
· Subject obtained the certification of ISO 9001.
Purchase
Information
The registered
activities of subject:
|
Business Code |
Details |
|
F108031 |
Wholesales of medical equipment |
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F119010 |
Wholesales of electronic materials. |
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F113050 |
Wholesales of computer and office equipment. |
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F118010 |
Wholesales of information software. |
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F401010 |
International trading business. |
It is introduced that subject purchases its components and etc both at
home and abroad.
· Subject is engaged in sale of cooling fan, electronic products and metal components, etc.
· The major products include AC axial fans & blowers, DC fans & blowers, AC cross flow fans, DC cross flow fans, AC sirocco blowers, DC cross flow fans, AC centrifugal fans & blowers, DC centrifugal fans & blowers, EC centrifugal fans & blowers, duct fan, motors, accessories, air curtain, misting fan, thermal module, CPU clooer, blade, EC stand fan, gaming parts, LED and so on.
· Subject’s sales regions cover Asia, Mid-East, Europe, Africa, America and etc.
· Subject’s major customers are manufacturers of computer, automobile and etc.
· It is introduced that subject also can provide OEM and ODM services.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components and etc |
|
Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Components and etc |
|
Payment Terms |
L/C, T/T and etc |
Sales
Domestic Markets
|
Product |
Cooling fan, electronic products and metal
components, etc. |
|
Selling Terms |
Cash, T/T and etc |
Export
|
Product |
Cooling fan, electronic products and metal
components, etc. |
|
Selling Terms |
L/C, T/T and etc |
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. Cindy declined to
disclose its financials citing the grounds of company’s confidentiality; from
other sources we could not obtain such information, either.
|
Name |
Mega International Commercial Bank Co., Ltd., San Min Branch |
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Account No. |
04009012565 |
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Account Name |
Activa Inc. |
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SWIFT Code: |
ICBCTWTP040 |
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
|
Name |
Ms. Cindy |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.25 |
|
|
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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|
-- |
NB |
New Business |
-- |
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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.