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Report Date : |
27.09.2014 |
IDENTIFICATION DETAILS
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Name : |
COMFORTABLE SAFETY CO., LTD. |
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Registered Office : |
12F., No.68, |
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Country : |
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Date of Incorporation : |
01.09.2009 |
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Com. Reg. No.: |
29026654 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of
fire-fighting equipment |
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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 |
|
|
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) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
12F., No.68, Deren Rd., Xiaogang Dist., Kaohsiung City 812, Taiwan |
|
Supplied Address: |
12F No. 68 Deren Rd Xiaogang Dist., Kaohsiung City 812 Taiwan (R.O.C.) |
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Telephone Number: |
+886-7-793-4224 |
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Fax Number: |
Notes: The
exact address is as above.
|
Registered Name: |
COMFORTABLE SAFETY CO., LTD. |
|
Registered
Address: |
12F., No.68, Deren
Rd., Xiaogang Dist., Kaohsiung City 812, Taiwan |
|
Date of
Foundation: |
2009-9-1 |
|
Registration
Number: |
29026654 |
|
Registry: |
Economic
Development Board of Kaohsiung City Government |
|
Registered
Capital: |
(As of 2014.09, 1
NTD = 0.0331 USD) |
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Paid-up Capital: |
NTD 5,000,000 (USD
165,500) |
|
Legal
Representatives: |
Yuqing Cai |
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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: |
Note: Subject declined to disclose the number of staff, and from other source we cannot obtain the information, either.
Subject
was incorporated on 2009-9-1 with registered number 29026654
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 |
|
Yuqing Cai |
|
|
100,000 |
|
|
Zhengsheng Zheng |
100,000 |
Core Management
Directors
|
1 |
||
|
Name |
Yuqing Cai |
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|
Position |
Chairman of the Board |
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2 |
||
|
Name |
Zhengsheng Zheng |
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Position |
Director |
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3 |
||
|
Name |
Lichun Zeng |
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Position |
Director |
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4 |
||
|
Name |
Qingxiang Yang |
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Position |
Supervisor |
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Offices & Factories
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Headquarters |
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Add |
12F., No.68, Deren Rd., Xiaogang Dist., Kaohsiung City 812, Taiwan |
Production Information
Subject is a trader of fire-fighting equipment, etc. without any production activities.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
F206010 |
Hardware retailing |
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F213010 |
Electrical appliance retailing |
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F213040 |
Precision instruments retailing |
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F213050 |
Measuring instruments retailing |
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F213060 |
Telecommunications equipment retailing |
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F213990 |
Other mechanical appliances retailing |
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F217010 |
Fire safety equipment retailing |
|
F401010 |
The international trade |
|
E603040 |
Fire safety equipment installation engineering |
|
E603100 |
Welding engineering |
|
E604010 |
The machinery installation industry |
|
E903010 |
Corrosion, rust prevention engineering |
|
EZ05010 |
Instrumentation, installation engineering |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
The products of the subject are both purchased at home and abroad.
Subject is engaged in sale of fire-fighting equipment, etc.
The major products of the subject are the fire alarm control panel, detector, external alarm accessories, CO2 steel cylinder, flame detector, gas monitor, etc.
It is introduced that subject’s products are mainly used for firefighting of machines, etc.
Subject is also an agent of CMO, HSD, Innolux, CPT, AUO, TSMC, UMC, etc.
The sales regions of the subject include domestic and abroad.
Subject’s major customers are manufacturers, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Fire-fighting
equipment, etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
|
Products |
Fire-fighting
equipment, etc. |
|
Payment Terms |
L/C, T/T, etc. |
Domestic Markets
|
Product |
Fire-fighting
equipment, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Fire-fighting
equipment, 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
|
Interview Date |
2014-9-25 |
|
Name |
Mr. Zheng |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.44 |
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 |
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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 |
|
|
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.