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Report Date : |
05.09.2014 |
IDENTIFICATION DETAILS
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Name : |
LCT CORP. |
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Registered Office : |
10F.-3, No.16,
Sec. 5, Xinyi Rd., Xinyi Dist., Taipei City 110, |
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Country : |
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Date of Incorporation : |
07.05.1996 |
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Com. Reg. No.: |
96963643 |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Trading of testers |
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No. of Employees |
12 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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) |
|
|
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
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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: |
|
|
Supplied Name: |
|
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Trading Address: |
10F.-3, No.16, Sec. 5, Xinyi Rd., Xinyi
Dist., Taipei City 110, Taiwan |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-8780-2398 |
|
Fax Number: |
Notes: The exact
name and address are as above.
|
Registered Name: |
LCT CORP. |
|
Registered Address: |
10F.-3, No.16, Sec. 5, Xinyi Rd., Xinyi Dist., Taipei City 110, Taiwan |
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Date of Foundation: |
1996-5-7 |
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Registration Number: |
96963643 |
|
Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2014.09, 1 NTD = 0.0335 USD) |
|
Legal Representatives: |
Mingjie Liu |
|
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: |
Subject
was incorporated on 1996-5-7 with registered number 96963643 as Private Limited
Liability Company in Taiwan.
Change of Name
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Former English Name: |
David-Liu Learder Continent Technology, Inc. |
|
Current English Name: |
LCT Corp. |
Subject did not register any subsidiaries or branches; from other source we could not obtain the relevant information, either.
Major Shareholders
|
Name |
Subscription Amount |
|
Mingjie Liu |
|
|
3,250,000 |
|
Core Management
Directors
|
Name |
Mingjie Liu |
|
Position |
Director |
Personnel Structure
|
Total Employees |
About 12 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
10F.-3, No.16,
Sec. 5, Xinyi Rd., Xinyi Dist., Taipei City 110, Taiwan |
Production Information
Subject is a trader of testers, etc. without any production activities.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
E601020 |
The electrical installation
industry |
|
E603040 |
Fire safety equipment installation
engineering |
|
E603050 |
Automatic control equipment
engineering |
|
E603090 |
Lighting equipment
installation engineering |
|
E604010 |
The machinery installation
industry |
|
E605010 |
Computer equipment
installation industry |
|
E701020 |
KU satellite TV channel, C
channel equipment installation industry |
|
E701030 |
The controlled
telecommunications radio-frequency devices installed engineering |
|
E801010 |
Interior decorating businesses |
|
EZ05010 |
Instrumentation installation
engineering |
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EZ14010 |
Sports venues in equipment
engineering |
|
F109070 |
Culture and education
instrument Recreational supplies wholesale |
|
F113020 |
Electrical wholesaling |
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F113030 |
Precision instruments wholesaling |
|
F113050 |
Computer and transactional
machine equipment wholesaling |
|
F113070 |
Telecommunications equipment
wholesale business |
|
F114010 |
Car wholesaling |
|
F114020 |
The locomotive wholesaling |
|
F114030 |
Equipped with steam locomotive
parts wholesaling |
|
F114070 |
Wholesaling aircraft and parts |
|
F116010 |
Photographic equipment
wholesaling |
|
F117010 |
Fire safety equipment
wholesaling |
|
F118010 |
Information software
wholesaling |
|
F119010 |
Electronics material wholesale
business |
|
F120010 |
Refractory materials wholesale |
|
F401010 |
The international trade |
|
I103060 |
Consultancy |
|
I301010 |
Information software services |
|
I501010 |
Product Development Design
Services |
|
I503010 |
Landscape, indoor design
industry |
|
CB01010 |
Maschinen- und Anlagenbau |
|
CC01030 |
Appliances and audio-visual
electronic products manufacturing |
|
CC01040 |
Lighting equipment
manufacturing |
|
F401021 |
The controlled telecommunications
radio-frequency devices of input industry |
|
ZZ99999 |
Besides licensed business, all
other business items those are not banned or restricted. |
|
E701011 |
Telecommunication engineering |
The products sold by the subject are both purchased at home and abroad.
Subject is engaged in sale of testers, etc.
The major products sold by the products are photoelectric measuring instruments, based on general instruments, microwave millimeter wave instruments, Digital communication devices, electronic materials and auto-test system and so on.
Subject’s sales regions include domestic market, Japan, Korea, Singapore, Southeast Asia, USA, Europe, etc.
Subject’s major customers are manufacturers of electronic products, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Testers, etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
|
Products |
Testers, etc. |
|
Payment Terms |
L/C, T/T, etc. |
Domestic Markets
|
Product |
Testers, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Testers, 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. Shen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.45 |
|
|
1 |
Rs.99.46 |
|
Euro |
1 |
Rs.79.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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 |
|
|
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 |
|
|
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.