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Report No. : |
319216 |
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Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
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Name : |
DIRECT LOGISTICS TAIWAN LTD. |
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Registered Office : |
11F-1 No.169, Sec 4, Chung Hsiao East Road, Da’an District, Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
07.12.2006 |
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Com. Reg. No.: |
28454679 |
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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
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – 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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Supplied Address: |
According to the supplied name, we cannot
obtain any operation or contact information of the subject from public files.
According to the supplied address, we found
two telephone numbers +886-2-2705-3311/ 2703-6699 from public files, we tried
to contact the subject through the numbers but they are all private telephones
and the answers said they did not know the subject.
We tried to contact the subject’s parent
company through the number +91-22-6719-3000 from public files, and a lady
answered the phone said she did not the contact information of the subject in
Taiwan and declined to disclose any other information.
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.
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Registered Name: |
Direct Logistics Taiwan Ltd. |
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Registered Address: |
11F-1 No.169, Sec 4, Chung Hsiao East Road,
Da’an District, Taipei, Taiwan |
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Date of Foundation: |
2006-12-7 |
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Registration Number: |
28454679 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2015.4, 1 NTD = 0.0320 USD) |
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Legal Representatives: |
Nissan Daylong |
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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: Since we didn’t find subject, the principal
activities and staff number are not available from any sources.
Subject was incorporated on
2006-12-7 with registered number 28454679 as Taipei City Government in Taiwan.
Parent Company
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Name: |
Direct Logistics India Pvt Ltd |
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Address: |
5 C-F , Rushabh Chambers, Makwana Road,
Marol, Andheri (E), Mumbai 400 059 India |
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Telephone No.: |
+91-22-6719-3000 |
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Name |
Subscription Amount |
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Direct Logistics
India Pvt Ltd |
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7,500,00 |
Core Management
Directors
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Name: |
Nissan Daylong |
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Position: |
Director & Manager |
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Date of Appoint for Manager: |
2010-2-24 |
Offices & Factories
We cannot confirm subject current trading address at this stage.
Operation Information
From public files, we cannot obtain any
operation information of the subject. Since we did not get in touch with the
subject, the information is not available from any other source.
The registered activities of subject:
|
Business Code |
Details |
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IZ06010 |
Tally packaging industry |
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G801010 |
Warehousing industry |
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ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
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.63.33 |
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|
1 |
Rs.96.52 |
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Euro |
1 |
Rs.68.93 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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.