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Report No. : |
317204 |
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Report Date : |
17.04.2015 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
2F., No.22, Zhongxing Rd., Xizhi Dist., New Taipei City 22161 |
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Country : |
Taiwan |
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Date of Incorporation : |
11.03.2004 |
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Com. Reg. No.: |
80682695 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing
and sale of network storage and monitoring products. |
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No. of Employees : |
About 600 employees (group) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Taiwan |
A2 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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. However, negotiations on follow-on components of ECFA, including an agreement on trade in services, deals on trade in goods, and dispute resolution—have stalled. In early 2014, the government bowed to public demand for a new law governing the oversight of cross-Strait agreements, before any additional deals with China are implemented; the legislature has yet to vote on such legislation, leaving the future of ECFA up in the air as President MA enters his final full year in office. MA has portrayed ECFA as Taiwan’s key to greater participation in East Asia’s free trade networks. 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 expected to account for 20% of the island's total population by 2025. The island runs a trade surplus, largely because of its surplus with China, and its foreign reserves are the world's fourth largest, behind those of China, Japan, and Russia. 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, the 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 has helped Taiwan develop into a local RMB hub. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also pose new challenges as the island becomes more economically dependent on China at a time when political differences remain unresolved. During 2014, the press paid increasing attention to domestic economic issues while pushing aside the debates over trade liberalization that were a hallmark of MA’s tenure. The media focused on the divide between Taiwan’s “haves” and “have nots,” providing extensive coverage of public frustration with stagnant wages, skyrocketing housing prices, and the difficulty of finding entry-level jobs.
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
2F., No.22, Zhongxing Rd., Xizhi Dist., New Taipei City 22161, Taiwan (R.O.C.) |
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Supplied Address: |
2F,NO 22,ZHONGXING RD,XIZHI DIST,NEW TAIPEL CITY 221,TAIWAN,ROC |
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Telephone Number: |
+886-2-2641-2000 |
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Fax Number: |
Notes: The exact name and address are as above.
Subject was incorporated on 2004-03-11 with registered number 80682695 as Joint Stock Company in Taiwan.
Factory
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Address: |
2-5/F, No. 22, Gongjian North Rd., Liudu Village, Qidu Dist., Keelung
City, Taiwan. |
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Date of Registration: |
2010-05-04 |
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Factory Registration Number: |
99702556 |
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Factory Manager: |
Boda Guo |
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Status: |
In Production |
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Date of Last Annual Return: |
2010-05-04 |
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Major Products: |
269 Other Electronic Components 271 Computers and Peripheral Equipment 272 Communications Equipment 273 Audio Visual Electronic Product 274 Data Storage Media |
Offices
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1 |
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Name |
Beijing Office |
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Address |
2/F., No. 5, Qunying Science and Technology Park, No. 8, Shangdi
Chuangye Rd., Haidian Dist., Beijing, China |
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Tel |
+86-10-6268-2131 |
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Fax |
+86-10-6268-2735 |
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2 |
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Name |
Shanghai office |
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Address |
No. 515, Shenfu Rd., Xinzhuang Industrial Park, Minhang Dist.,
Shanghai |
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Tel |
+86-21-3116-7788 |
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Fax |
+86-21-5442-9300 |
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3 |
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Name |
Thailand office |
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Tel |
+66-2-5415988 |
Major Shareholders
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Name |
Subscription Shares |
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IEI Integration Corp. |
27,144,000 |
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Boda Guo |
19,848,996 |
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Congrong Li |
10,044,600 |
|
Mingzhi Zhang |
1,631,104 |
Shareholder Information:
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Registered Name: |
IEI Integration Corp. |
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Registered Address: |
No.29, Zhongxing Rd., Xizhi Dist., New Taipei City 22161, Taiwan (R.O.C.) |
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Date of Foundation: |
1997-04-17 |
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Registration Number: |
97445303 |
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Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
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Registered Capital: |
NTD 3,500,000,000 (USD 112,000,000) (As of 2015.4, 1 NTD = 0.032 USD) |
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Paid-up Capital: |
NTD 3,283,144,250 (USD 105,060,616) |
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Legal Representatives: |
Boda Guo |
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Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2014-10-31 |
Core Management
Directors
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1 |
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Name |
Boda Guo |
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Position |
Chairman of the Board |
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2 |
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Name |
Congrong Li |
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Position |
Director |
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3 |
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Name |
Mingzhi Zhang |
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Position |
Director |
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4 |
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Name |
Chunqi Guo |
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Position |
Supervisor |
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Personnel
Structure
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Total Employees |
About 600 employees (Group) |
Offices &
Factories
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|
Headquarters |
|
Add |
2F., No.22, Zhongxing Rd., Xizhi Dist., New Taipei City 22161, Taiwan (R.O.C.) |
Production
Information
Purchase
Information
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Business Code |
Details |
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CC01080 |
Manufacturing
of electronic components |
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CC01060 |
Manufacturing
of
cable machinery equipment |
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CC01101 |
Manufacturing of the controlled telecommunications radio-frequency
devices |
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CC01110 |
Manufacturing of computer and its peripheral equipment |
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CC01120 |
Manufacturing and duplicating industry information storage media |
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E701040 |
Simple telecom equipment installation industry |
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EZ05010 |
Installation of instrument and apparatus. |
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F218010 |
Retail of information software |
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F219010 |
Retail of electronic materials |
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F118010 |
Wholesale of
IT software |
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F119010 |
Wholesale of
electronic materials |
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F401010 |
International trade business |
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F401021 |
Importing of radio-frequency devices under telecommunications
regulation. |
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F601010 |
The intellectual property industry |
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I301010 |
IT software services |
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I301030 |
Electronic information providers services |
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ZZ99999 |
Besides licensed business, all other
business items those are not banned or
restricted. |
Sales Information
Import
and export right:
|
Import
right |
Yes |
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Export
right |
Yes |
Purchase
Domestic
Purchase
|
Products |
Raw material and components |
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Payment Terms |
T/T, Cash |
Import
|
Products |
Raw material and components |
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Payment Terms |
L/C, T/T |
Sales
Domestic Markets
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Products |
Raw material and components |
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Payment Terms |
T/T, Cash |
Export
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Product |
Network storage and monitoring products |
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Selling Terms |
L/C, T/T |
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
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Trial Number: |
2005,Beijian,17722 |
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Date of Trial: |
2005-11-02 |
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Reason: |
Return of the rent |
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Claimant: |
QNAP Systems, Inc. |
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Defendant: |
Bodywave Co., Ltd(Literal Translation) Softfoundry International Pte. Ltd (Literal
Translation) |
Interview
Details
|
Name |
Ms. Ping |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.37 |
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|
1 |
Rs.92.44 |
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Euro |
1 |
Rs.66.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
NB |
New Business |
-- |
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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.