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Report Date : |
27.09.2014 |
IDENTIFICATION DETAILS
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Name : |
PHOMOSA INTERNATIONAL LTD. |
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Registered Office : |
No.39, Lane 221, Huan-Ho South Rd., Sanchong Dist., New Taipei City 241, |
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Country : |
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Date of Incorporation : |
09.01.2004 |
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Com. Reg. No.: |
80631818 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Not Available [We tried to confirm / obtain the detailed activity but the same is
not available from any sources] |
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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 |
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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 |
|
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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|
Supplied Address: |
From public files,
we found a telephone number +886-2-2978-1135 belongs to the
subject. And we tried to contact with the subject through the this number for
several times, however no answered the phone.
From public files,
we found subject is mainly engaged in trading of waterproof printing ink,
however, we didn’t contact with the subject, the operation information cannot
be confirmed by subject.
And we also didn’t
find subject other valid contact information, either.
We found subject’s registration information
as follows for reference.
|
Registered Name: |
PHOMOSA INTERNATIONAL LTD. |
|
Registered
Address: |
No.39, Lane 221,
Huan-Ho South Rd., Sanchong Dist., New Taipei City 241, Taiwan (R.O.C.) |
|
Date of
Foundation: |
2004-1-9 |
|
Registration
Number: |
80631818 |
|
Registry: |
New Taipei City
Government |
|
Registered
Capital: |
(As of 2014.09, 1
NTD = 0.0331 USD) |
|
Legal
Representatives: |
Liling Zhou |
|
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: |
Notes:
Since we didn’t contact subject successfully, the principal activities and
staff number are not available from any sources.
Subject was incorporated on 2004-1-9 with registered number 80631818 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.
Major Shareholders
|
Name |
Subscription Amount |
|
Liling Zhou |
1,000,000 |
Core Management
Directors
|
Name |
Liling Zhou |
|
Position |
Director |
From public files, we found subject is mainly
engaged in trading of waterproof printing ink, however, we didn’t contact with
the subject, the operation information cannot be confirmed by subject.
The registered activities of subject:
|
Business Code |
Details |
|
F204010 |
Retails of cloth. |
|
F401010 |
International trading business. |
|
C302010 |
Weaving industry. |
|
C303010 |
Non-woven cloth industry. |
|
C301010 |
Spinning Industry. |
|
C305010 |
Printing, dying and tidying industry. |
|
F104010 |
Wholesales of cloth. |
|
F107100 |
Wholesales of basic chemical materials. |
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F104020 |
Wholesales of garment. |
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ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
Since we didn’t contact subject successfully, the settlement information is not available from any sources.
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.
Since we didn’t contact subject successfully, 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.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.