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Report No. : |
337742 |
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Report Date : |
20.08.2015 |
IDENTIFICATION DETAILS
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Name : |
UNISCIEN CO., LTD. |
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Registered Office : |
12-1FL., No.170, Sec.3, Ming Chuan E. Rd.,
Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
03.06.1965 |
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Com. Reg. No.: |
11768107 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of construction materials. |
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No. of Employee : |
About 30 Employees |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Taiwan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
|
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. 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, follow-on components of the ECFA, including a signed agreement on trade in services and negotiations on trade in goods and dispute resolution, have stalled. In early 2014, the government bowed to public demand and proposed 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 nearly 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 fifth largest, behind those of China, Japan, Saudi Arabia, 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, the Taiwan Central Bank signed a memorandum of understanding (MOU) 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 Taiwan’s 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 decent 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: |
12-1FL., No.170,
Sec.3, Ming Chuan E. Rd., Taipei, Taiwan, R.O.C. |
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Supplied Address: |
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Telephone Number: |
+886-2-2718-2328 |
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Fax Number: |
Notes: The exact name and address are as above.
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Registered Name: |
Uniscien Co., Ltd. |
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Registered Address: |
12-1FL., No.170, Sec.3, Ming Chuan E. Rd.,
Taipei, Taiwan, R.O.C. |
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Date of Foundation: |
1965-6-3 |
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Registration Number: |
11768107 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2015.04, 1 NTD = 0.032 USD) |
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Paid-up Capital: |
NTD 8,000,000 (USD 256,000) |
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Legal Representatives: |
Guanghong He |
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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: |
Subject was incorporated
on 1965-6-3 with registered number 11768107
as Joint Stock Company in Taiwan.
Office
|
Address |
No.2, Lane 829, Zhuangjing Rd., Taoyuan City, Taoyuan County, Taiwan
(R.O.C.) |
|
Tel: |
+886-3-271-6886 |
Major Shareholders
|
Name |
Subscription
Shares |
|
Guanghong He |
100 |
|
Meihui Li |
2,528 |
|
Baofeng Song |
2,494 |
|
Guanghua He |
2,528 |
Core Management
Directors
|
1 |
||
|
Name |
Guanghong He |
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Position |
Board Chairman |
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2 |
||
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Name |
Meihui Li |
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Position |
Director |
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3 |
||
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Name |
Baofeng Song |
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Position |
Director |
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4 |
||
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Name |
Guanghua He |
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Position |
Supervisor |
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Personnel
Structure
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Total Employees |
About 30 Employees |
Offices &
Factories
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|
Headquarters |
|
Add |
12-1FL., No.170, Sec.3, Ming Chuan E. Rd., Taipei, Taiwan, R.O.C. |
Production
Information
Subject is a trader of construction materials and etc without any
production activities
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
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JA02990 |
Other repairing industry |
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JE01010 |
Renting. |
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A299990 |
Other forestry industry. |
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CA01050 |
Second processing of steel. |
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CA01060 |
Manufacturing of steel wire and cable. |
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E801010 |
Interior decorating industry. |
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F108031 |
Wholesales of medical equipment. |
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F108040 |
Wholesales of cosmetics. |
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F208031 |
Retails of medical equipment. |
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F208040 |
Retails of cosmetics. |
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F208050 |
Retails of medicine in class-B. |
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F211010 |
Retails of construction materials. |
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F399040 |
Retails without store. |
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F399990 |
Other comprehensive retails. |
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F401010 |
International trading business. |
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G801010 |
Storage. |
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H701010 |
Developing, renting and sales of residents and building. |
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H701020 |
Developing, renting and sales of plants. |
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H701050 |
Investment and building public construction. |
|
H701080 |
Rebuilding and updating for urban. |
|
H701090 |
Updating, repairing and maintaining for urban. |
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H703090 |
Trading of real estate. |
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H703100 |
Renting of real estate. |
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H703110 |
Resident for the old person. |
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I102010 |
Investment consultation industry. |
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I103060 |
General management consultation industry. |
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I401010 |
General advertisement service. |
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I503010 |
Interior designing and landscape designing. |
Subject purchases its products both at home and abroad.
It is introduced that subject imports from India, Spain, America, South
Africa and etc.\
Subject is engaged in sale of construction
materials and etc
The major products include bathroom equipments and the related hardware,
tile, mosaic, breathing machine and etc.
Subject’s sales regions are mainly in China and South Asian countries
and etc.
Subject’s major customers are interior designers, construction company
and etc.
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Construction materials and etc |
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Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Construction materials and etc |
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Payment Terms |
L/C, T/T and etc |
Sales
Domestic Markets
|
Product |
Construction materials and etc |
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Selling Terms |
Cash, T/T and etc |
Export
|
Product |
Construction materials and etc |
|
Selling Terms |
L/C, T/T and 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 Ms. Chen 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
|
Name |
Ms. Chen |
|
Department |
Sales Department |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.25 |
|
|
1 |
Rs.101.25 |
|
Euro |
1 |
Rs.72.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
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Report Prepared
by : |
ASH |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
-- |
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.