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Report Date : |
06.09.2014 |
IDENTIFICATION DETAILS
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Name : |
MORTAR TECHNOLOGY COMPANY LTD. |
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Registered Office : |
9F., No.20, |
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Country : |
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Date of Incorporation : |
05.12.2001 |
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Com. Reg. No.: |
12965231 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of Industrial Auxiliaries |
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No of Employees : |
About 10 |
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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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Trading Address: |
9F., No.20,
Minquan W. Rd., Zhongshan Dist., Taipei City 10449, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-2-2562-3643 |
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Fax Number: |
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E-mail: |
info@mortartech.com.tw |
The exact name and address are as above.
|
Registered Name: |
Mortar Technology Company Ltd. |
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Registered Address: |
9F., No.20, Minquan W. Rd., Zhongshan Dist.,
Taipei City 10449, Taiwan (R.O.C.) |
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Date of Foundation: |
2001-12-5 |
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Registration Number: |
12965231 |
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Registry: |
Taipei City Government |
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Registered Capital: |
NTD 5,000,000
(USD 170,000) (As of 2014.07, 1 NTD = 0.0340 USD) |
|
Legal Representatives: |
Junjie Chen |
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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: |
Subject was incorporated
on 2001-12-5 with registered number 12965231
as Private Limited Liability Company in Taiwan.
Subject did not introduce whether it has any subsidiaries or branches;
from other source we could not obtain the relevant information, either.
Major Shareholders
|
Name |
Subscription Amount |
|
Junjie Chen |
2,750,000 |
Core Management
|
Name |
Junjie Chen |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 10 Employees |
|
|
Headquarters |
|
Add |
9F., No.20, Minquan W. Rd., Zhongshan Dist., Taipei City 10449, Taiwan
(R.O.C.) |
Production
Information
Subject is a trader of industrial auxiliaries,without any production
activities.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
F107010 |
Wholesale of paint and coating |
|
F107020 |
Wholesale of dye and pigment |
|
F107030 |
Wholesale of cleaning supplies |
|
F107100 |
Wholesale of basic chemical materials |
|
F107170 |
Wholesale of industrial auxiliaries |
|
F111020 |
Wholesale of cement and lime |
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F111030 |
Wholesale of brick, tile, stone materials |
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F111040 |
Wholesale of tiles, dimension stone |
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F111070 |
Wholesale of metal building materials |
|
F113010 |
Wholesale of machinery |
|
F120010 |
Wholesale of fireproofing materials |
|
F401010 |
International trade business |
|
I601010 |
Leasing industry |
Subject purchases products from both home and abroad.
Subject’s supplier of active carbon is Ecofresh Carbon (India)
Subject is engaged in sale of industrial
auxiliaries
The major products active carbon, cement additive, dosing pump, metering
pump and so on.
Subject’s sales region is mainly in Taiwan domestic market.
Subject’s major customers are builders, decoration companies
IMPORT AND EXPORT
RIGHT:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Industrial auxiliaries |
|
Payment Terms |
Cash, T/T |
Import
|
Products |
Industrial auxiliaries |
|
Payment Terms |
T/T |
Sales
Domestic Markets
|
Product |
Industrial auxiliaries |
|
Selling Terms |
Cash, T/T |
Export
Subject has little export.
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
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.44 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.78.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
|
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.