|
Report Date : |
18.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
PAO-YI CO., LTD |
|
|
|
|
Registered Office : |
No.28, Tucheng W.
Rd., Waipu Dist., Taichung City 438 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
18.02.2002 |
|
|
|
|
Com. Reg. No.: |
13028939 |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
|
|
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
|
Company Name: |
PAO-YI CO., LTD. |
|
Supplied Name: |
PAO YI CO, LTD |
|
Supplied Address: |
NO 28, TUCHENG W
RD WAIPU SHANG, TAICHUNG SHIANG |
Notes: Since we
didn’t find subject, the trading address is not available from any sources.
We cannot obtain any
operation information or contact information of the subject from public files
according to the supplied name and address.
We tried to contact
the subject through the telephone number +886-2-2272-8479
from registration files, but the number is a vacant number.
Update to date of
reporting, we failed to get in touch with subject. If you can supply further
information such as current telephone number, we’d like to have the
investigation resumed.
We found subject’s
registration information as follows for reference.
|
Registered Name: |
PAO-YI CO., LTD. |
|
Registered
Address: |
No.28, Tucheng W.
Rd., Waipu Dist., Taichung City 438, Taiwan (R.O.C.) |
|
Date of
Foundation: |
2002-2-18 |
|
Registration
Number: |
13028939 |
|
Registry: |
Taichung City
Government |
|
Registered
Capital: |
(As of 2014.09, 1
NTD = 0.0331 USD) |
|
Legal
Representatives: |
Yisheng You |
|
Legal Form: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Notes:
Since we didn’t find subject, the staff number is not available from any
sources.
Subject was incorporated on 2002-2-18 with registered number 13028939 as Private Limited Liability Company in Taiwan.
Subject did not register any subsidiaries or branches; from other source we could not obtain the relevant information, either.
|
Name |
Subscription Amount |
| Yisheng You |
300,000 |
Core Management
Director
|
Name |
Yisheng You |
|
Position |
Director |
We cannot confirm subject current trading address at this stage.
Since we cannot contact the subject, the operation information is not available from any source.
The registered activities of subject:
|
Business Code |
Details |
|
C601030 |
Paper container manufacturing |
|
F109060 |
Packaging materials wholesaling |
|
F209050 |
Packaging materials retailing |
|
F113010 |
Mechanical wholesaling |
|
F213080 |
Mechanical equipment retail |
Import and export right:
|
Import right |
Yes |
|
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.
Since we didn't get
in touch with subject, the relevant information is not available from any
sources.
Since we didn't get in touch with subject, the bank information is not available from any sources.
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.60.95 |
|
|
1 |
Rs.99.32 |
|
Euro |
1 |
Rs.78.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
|
|
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.