|
Report No. : |
351978 |
|
Report Date : |
01.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ILLINOIS INTERNATIONAL (TAIWAN) LTD |
|
|
|
|
Registered Office : |
4F., No.123, Rueising Rd., Fengshan Dist.,
Kaohsiung City 830, (R.O.C.) |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
13.08.2008 |
|
|
|
|
Com. Reg. No.: |
24217303 |
|
|
|
|
Legal Form : |
Private
Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of Feeding and Related Materials. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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 |
|
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. 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.
|
Source
: CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
|
|
Supplied Address: |
4th Fl,123
Ruixing Road ,Fengshan Dist, Kaohsiung 830,Taiwan. |
|
Telephone Number: |
+886-7-743-4703 |
|
Fax Number: |
|
|
E-mail: |
Notes: The relevant staff Ms. Fu
introduced that the supplied address is subject’s former address. The exact
name and address are as above.
|
Registered Name: |
Illinois International (Taiwan) Ltd |
|
Registered Address: |
4F., No.123, Rueising Rd., Fengshan Dist.,
Kaohsiung City 830, Taiwan (R.O.C.) |
|
Date of Foundation: |
2008-8-13 |
|
Registration Number: |
24217303 |
|
Registry: |
Economic Development Board of Kaohsiung City
Government |
|
Registered Capital: |
(As of 2015.12, 1 NTD = 0.031 USD) |
|
Legal Representatives: |
Shanshan Fu |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed
at Stock Exchange: |
Notes: Subject declined to
disclose its staff number; from other source we cannot obtain the relevant
information, either.
Subject was
incorporated on 2008-8-13 with registered number 24217303 as
Private
Limited Liability Company in Taiwan.
Subject did not introduce whether it has any subsidiaries
or branches, from other source we can not obtain the relevant information,
either.
Major
Shareholders
|
Name |
Subscription Amount |
|
Shanshan Fu |
2,000,000 |
Core
Management
Directors
|
Name |
Shanshan Fu |
|
Position |
Director
|
Offices
& Factories
|
|
Headquarters |
|
Add |
41FL, Room 001, Grand 50 Tower, No. 80, Minzu 1st Road,
Sanmin District, Kaoshiung City, 80761, Taiwan |
Production
Information
Subject
is a trader of feeding and related
materials, etc without any production activities.
Purchase
Information
The
registered activities of subject:
|
Business
Code |
Details |
|
E601020 |
Installing
of electrical appliances. |
|
F102040 |
Wholesales
of drinks. |
|
F102050 |
Wholesales
of tea. |
|
F102170 |
Wholesales
of food and beverage. |
|
F103010 |
Wholesales
of feeding. |
|
F104110 |
Wholesales
of cloth, wearing, shoes, caps, umbrella and garment accessories. |
|
F106010 |
Wholesales
of hardware. |
|
F106020 |
Wholesales
of daily supplies. |
|
F106060 |
Wholesales
of pet products. |
|
F107050 |
Wholesales
of fertilizer. |
|
F107070 |
Wholesales
of animal medicine. |
|
F108040 |
Wholesales
of cosmetics. |
|
F113010 |
Wholesales
of machinery. |
|
F113050 |
Wholesales
of computer and office equipment. |
|
F119010 |
Wholesales
of electronic materials. |
|
F401010 |
International
trading business. |
|
F114040 |
Wholesales
of bicycle and its parts. |
|
ZZ99999 |
Besides
licensed business, all other business items those are not banned or
restricted. |
Subject
purchases its products both at home and abroad.
It
is introduced that subject imports from New Zealand, South Africa, India,
Argentina and etc.
It
is introduced that subject can supply products from different origins depending
on the customers’ requires.
Subject is engaged in sale of feeding and related materials, etc
The
major products include avian products (including feather meal, poultry meal,
poultry oil and etc), marine products (including fish meal, fish oil and etc), meat
and bone meal products (including bovine MBM, mixed species MBM, ovine MBM,
venison MBM and etc), etc.
Subject’s
sales regions include Asia and etc.
Subject’s
major customers are manufacturers of feeding, farm and etc.
Import
and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Purchase
Domestic
Purchase
|
Products |
Feeding and related materials, etc |
|
Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Feeding and related materials, etc |
|
Payment Terms |
L/C, T/T and etc |
Sales
Domestic
Markets
|
Product |
Feeding and related materials, etc |
|
Selling Terms |
Cash, T/T and etc |
Export
|
Product |
Feeding and related materials, 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. Fu 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. Fu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.81 |
|
|
1 |
Rs.100.37 |
|
Euro |
1 |
Rs.70.68 |
|
TWD |
1 |
Rs.2.03 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.