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Report Date : |
02.09.2014 |
IDENTIFICATION DETAILS
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Name : |
TRANSCEND INTERNATIONAL COMPANY |
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Registered Office : |
3F.-17, No.26, Ln. 321, Yangguang St., Neihu
Dist., Taipei City 11491 |
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Country : |
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Date of Incorporation : |
07.03.1980 |
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Com. Reg. No.: |
04887536 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Subject is engaged in trading of auto parts |
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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 : |
No Complaints |
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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: |
3F.-17, No.26, Ln. 321, Yangguang St., Neihu
Dist., Taipei City 11491, Taiwan |
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Supplied Address: |
SUITE 3F-17,
NO.26, LANE 21, YANGGUANG ST. NEIHU DIST. TAIPEI 11491 TAIWAN |
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Tel: |
+86-2-26577515 |
Notes: The exact address is as above.
|
Registered Name: |
TRANSCEND INTERNATIONAL COMPANY |
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Registered Address: |
3F.-17, No.26, Ln. 321, Yangguang St., Neihu
Dist., Taipei City 11491, Taiwan |
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Date of Foundation: |
1980-3-7 |
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Registration Number: |
04887536 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2014.08, 1 NTD = 0.0333 USD) |
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Paid-up Capital: |
NTD 5,000,000 (USD 166,500) |
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Legal Representatives: |
Fuyuan Zhao |
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Legal Form: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Notes: Subject declined
to disclose the number of staff, and from other source we cannot obtain the information
from any other sources.
Subject was incorporated
on 1980-3-7 with registered number 04887536 as Joint Stock 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 Shares |
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Fuyuan Zhao |
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2,000 |
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Zihao Zhao |
1,000 |
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Shixiang Zhao |
1,000 |
|
Lvping Chen |
1,000 |
Core Management
Directors
|
1 |
||
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Name |
Fuyuan Zhao |
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Position |
Chairman of the Board |
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2 |
||
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Name |
Zihao Zhao |
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Position |
Director |
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3 |
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Name |
Shixiang Zhao |
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Position |
Director |
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4 |
||
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Name |
Lvping Chen |
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Position |
Supervisor |
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Subject is engaged in trading of auto parts. without any production
activities.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
The international trade |
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F102030 |
Tobacco and alcohol wholesaling |
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F102040 |
Beverage wholesaling |
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F102170 |
Food wholesale goods |
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F104110 |
The cloth from the clothing shoes, hats, umbrella, garment accessories
wholesaling |
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F105050 |
Furniture, bedding, kitchen utensil and decoration products
wholesaling |
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F106010 |
Hardware wholesaling |
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F106020 |
Supplies wholesale |
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F114030 |
Equipped with steam locomotive parts wholesaling |
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F114040 |
Wholesaling bicycle and its parts |
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F119010 |
Electronics material wholesale business |
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I501010 |
Products design services |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
The Products sold by the subject are mainly purchased in Taiwan local
market.
Sales Information
Subject is engaged in sale of auto parts, etc.
It is introduced that subject’s products include auto forged parts,
wheel accessories, etc.
The sales regions of the subject include USA and Europe, etc.
Subject’s major customers are manufacturers of autos, etc.
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
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 the information
of bankers, and from other source we cannot obtain the 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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
UK Pound |
1 |
Rs.100.43 |
|
Euro |
1 |
Rs.79.40 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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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.