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Report Date : |
14.10.2014 |
IDENTIFICATION DETAILS
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Name : |
E-ELEMENTS TECHNOLOGY CO., LTD. |
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Registered Office : |
5F., No.61, Ln. 76, Ruiguang Rd., Neihu Dist., Taipei City 11491, Taiwan (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
24.05.2005 |
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Com. Reg. No.: |
27729833 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Agent of USB Graphic chips and providing
system design services. |
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No. of Employees : |
28 |
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 |
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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: |
5F., No.61, Ln. 76, Ruiguang Rd., Neihu
Dist., Taipei City 11491, Taiwan (R.O.C.) |
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Supplied Address: |
|
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Telephone Number: |
+886-2-2791-8139 |
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Fax Number: |
Notes: The exact name and address are as above.
Subject was incorporated on 2005-5-24 with
registered number 27729833 as Joint Stock Company in Taiwan.
Change
of Name
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Former Chinese
Name: |
依元素科技有限公司 |
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Current Chinese
Name: |
一元素科技股份有限公司 |
Offices
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1 |
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Name: |
Beijing Office |
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Address: |
Room 801, Hengrun Building, No.32,North Third Ring West Road, Haidian
District, Beijing |
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Contact Person: |
Jack Chen |
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Tel: |
+86-10-8275-7632 |
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Fax: |
+86-10-8275-6745 |
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2 |
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Name: |
Shenzhen Office |
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Tel: |
+86-755-8618-6715 |
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Fax: |
+86-755-8618-6700 |
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3 |
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Name: |
Wuhan Office |
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Tel: |
+86-27-6138-9792 |
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4 |
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Name: |
Nanjing Office |
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Tel: |
+86-25-6602-2032 |
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5 |
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Name: |
Chengdu Office |
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Tel: |
+86-28-8082-1007 |
Major Shareholders
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Name |
Subscription Shares |
|
Zhiwei Wu |
|
|
200,000 |
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|
Jianyu Wang |
2,600,000 |
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Junyan Chen |
200,000 |
Core Management
Directors
|
1 |
||
|
Name |
Zhiwei Wu |
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Position |
Chairman of the
Board |
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2 |
||
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Name |
Jianyu Wang |
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Position |
Director |
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3 |
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Name |
Junyan Chen |
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Position |
Director |
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4 |
||
|
Name |
Jiantai Lin |
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Position |
Supervisor |
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Personnel Structure
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Total
Employees |
About 28
Employees (Taiwan) |
Offices & Factories
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|
Headquarters |
|
Add |
5F., No.61, Ln. 76, Ruiguang Rd., Neihu Dist., Taipei City 11491,
Taiwan (R.O.C.) |
Production Information
l
Subject is an agent of USB Graphic
chips, etc.
l
Subject also providing the system
design and training services, etc.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F113050 |
Computer and transactional machine equipment
wholesaling |
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F118010 |
Information software wholesaling |
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F119010 |
Electronics material wholesale business |
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F213030 |
Computers and transactional machinery and
equipment retailing |
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F218010 |
Information software retailing |
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F219010 |
Electronics components retail business |
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F401010 |
The international trade |
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E605010 |
Computer equipment installation industry |
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I301010 |
Information software services |
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I301020 |
Data processing services |
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I301030 |
Electronic information supply services |
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CC01080 |
Electronic components manufacturing |
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CC01110 |
Computer and peripheral equipment manufacturing
industry |
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CC01120 |
Manufacturing and duplicating industry of
information storage and media |
l
It is introduced that the products sold by the
subject as an agent are both purchased at home and abroad.
Sales Information
l
Subject is an agent of USB Graphic chips, etc.
l
Subject is also engaged in providing system design
and training services, etc.
l
The major products of the subject are Display Link
(USB Graphic chip), Etron (USB3.0 host chip), Richwave (PA & DAV solution)
, Airoha (BT solution) , etc.
l
The major services of the subject include system
design, training, technology consultancy, supplying University laboratory
equipment, etc.
l
It is introduced that subject provides not only
complete solution products for customers but also customized boards, etc.
l
Subject’s cooperated partners are Xilinx, the Dini
Group, Digilent Inc., Avent EM Asia, Ubiquitous Information Co., Ltd., Lime
Microsystems, etc.
l
It is introduced that subject has services offices
in many cities of the Mainland of China.
l
The major customers of the subject include
Enterprises, Universities, etc.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
USB Graphic chips, etc. |
|
Payment Terms |
T/T, Cash, etc. |
2.
Import
|
Products |
USB Graphic
chips, etc. |
|
Payment Terms |
L/C, T/T, etc. |
1.
Domestic Markets
|
Product |
USB Graphic
chips, etc. |
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Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
USB Graphic
chips, etc. |
|
Selling Terms |
L/C, T/T, 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 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
|
Name |
Mr. Wang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
|
1 |
Rs.98.68 |
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Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
PDT |
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 |
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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 |
-- |
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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.