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Report Date : |
03.09.2014 |
IDENTIFICATION DETAILS
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Name : |
YUHOLI CO., LTD. |
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Registered Office : |
No.22, Ln. 76,
Neiding 20th St., Zhongli City, Taoyuan County 32060, |
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Country : |
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Date of Incorporation : |
23.11.1991 |
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Com. Reg. No.: |
86404662 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and
sales of automobile components and
lubricant products |
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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) |
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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: |
YUHOLI CO., LTD. |
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Supplied Name: |
YUHOLI CO LTD |
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Trading Address: |
No.22, Ln. 76,
Neiding 20th St., Zhongli City, Taoyuan County 32060, Taiwan (R.O.C.) |
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Supplied Address: |
NO.22, LANE 76,
NEI DIN 20TH ST., CHUNG-LI CITY, TAOYUAN HSIEN, TAIWAN, R.O.C. |
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Telephone Number: |
+886-3-4625533 |
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Fax Number: |
+886-3-4511010 |
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E-mail: |
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 1991-11-23 with registered number 86404662 as Private Limited Liability Company in Taiwan.
Factory
|
Address: |
No.21, Lane 15, Neiding 20th St., Zhongli City, Taoyuan County, Taiwan (R.O.C.) |
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Date of Foundation: |
1994-10-8 |
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Date of Registration: |
1994-10-22 |
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Factory Registration Number: |
99628644 |
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Factory Manager: |
Jinxing Yu |
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Status: |
In Production |
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Date of Last
Annual Return: |
2009-10-14 |
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Major Products: |
293 General machinery equipment 269 Other components 303 Automobile components 312 Haulage motor and its components |
Major Shareholders
|
Name |
Subscription Amount |
|
Jinxing Yu |
4,000,000 |
Core Management
Directors
|
Name |
Jinxing Yu |
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Position |
Director |
Offices & Factories
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|
Headquarters |
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Add |
No.22, Ln. 76, Neiding 20th St., Zhongli City, Taoyuan County 32060, Taiwan (R.O.C.) |
Production Information
Subject is a trader of automobile components and lubricant products, etc without any production activities.
Subject has a factory in Taiwan for production.
It is introduced that subject has obtained ISO 9001 certification.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing, processing and sales of electronic components, automobile components and mechanical hardware parts. |
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-- |
Importing and exporting business of above related products. |
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Agent of marking price, bidding and sales of above related products for domestic and overseas manufacturers. |
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Operation and reinvestment of above related business. |
It is introduced that subject purchases its raw materials, components and etc both at home and abroad.
It is introduced that subject imports some additives for its lubricant products from Germany and etc.
Subject is engaged in sale of automobile components and lubricant products, etc.
The major products include hydraulic brake & clutch service parts, timing kit, auto lubricants and so on.
Subject’s sales regions cover Asia, Europe, America and etc.
Subject’s major customers are distributors, repairers and maintainers of automobile.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Products |
Raw materials, components and etc |
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Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Raw materials, components and etc |
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Payment Terms |
L/C, T/T and etc |
Sales
Domestic Markets
|
Product |
Automobile
components and lubricant products, etc. |
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Selling Terms |
Cash, T/T and etc |
Export
|
Product |
Automobile
components and lubricant products, 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. Yu 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. Yu |
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Department |
Sales Department |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.61 |
|
|
1 |
Rs.100.48 |
|
Euro |
1 |
Rs.79.56 |
INFORMATION DETAILS
|
Analysis Done
by : |
RAS |
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Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
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.