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Report Date : |
14.10.2014 |
IDENTIFICATION DETAILS
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Name : |
PRESTIGE GLOBAL CO., LTD. |
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Registered Office : |
C/O Suite A,8th Floor,No.170 Tung Hwa N.R.D.
Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
09.06.1988 |
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Com. Reg. No.: |
22896918 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is not
available from any sources] |
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No of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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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 |
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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.
|
Source
: CIA |
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Company Name: |
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Supplied Name: |
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Supplied Address: |
C/O Suite A,8th
Floor,No.170 Tung Hwa N.R.D. Taipei, Taiwan R.O.C |
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Telephone Number: |
+886-2-8770-6600 |
From public files, we obtained a telephone
number +886-2-8770-6600 belongs to the subject.
And we tried to contact with the subject
through this number, the relevant staff Ms. Chen just confirmed the supplied
name for us, however, she declined to disclose its subject’s address and
operation information for us.
According to the supplied
name and address, we can not find any operation information or other valid
contact information of subject.
We found subject’s registration information as follows for reference.
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Registered Name: |
Prestige Global Co., Ltd. |
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Registered Address: |
8FL. No.170, Duenhua N. Road, Sungshan Chiu,
Taipei, Taiwan, R.O.C. |
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Date of Foundation: |
1988-6-9 |
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Registration Number: |
22896918 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2014.10, 1 NTD = 0.0331 USD) |
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Paid-up Capital: |
NTD 10,000,000 (USD 331,000) |
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Legal Representatives: |
Zongxian Zheng |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Notes: The subject declined
to disclose its staff number and principal activities for us, and the relevant
information is not available from any sources.
Subject was incorporated
on 1988-6-9 with registered number 22896918
as Joint Stock Company in Taiwan.
Subject did not introduce whether it has any subsidiaries or branches,
from other source we can not obtain the relevant information, either.
Major Shareholders
|
Name |
Subscription Shares |
|
Zongxian Zheng |
200,000 |
|
Shilong Wu |
100,000 |
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Chengpu Li |
150,000 |
|
Yingjun Wang |
150,000 |
Core Management
Directors
|
1 |
||
|
Name |
Zongxian Zheng |
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|
Position |
Board Chairman |
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2 |
||
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Name |
Shilong Wu |
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Position |
Director |
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3 |
||
|
Name |
Chengpu Li |
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Position |
Director |
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4 |
||
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Name |
Yingjun Wang |
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Position |
Director |
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The registered activities of subject:
|
Business Code |
Details |
|
-- |
General importing and exporting business (Except for futures) |
|
-- |
Sales, marking prices and bidding of above related business. |
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-- |
Operation and investment of above related business. |
Since the subject refused to disclose any relevant information about
operation, and we didn’t obtain any relating information from other sources.
Since the subject refused to disclose any relevant information about
settlements, and relating information is not available from any sources,
either.
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 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 |
Ms. Chen |
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
: |
SUB |
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|
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Report Prepared
by : |
TPT |
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 |
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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 |
|
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.