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Report No. : |
306136 |
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Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
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Name : |
CHAU MEI FOODS CO. |
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Registered Office : |
1F., No. 204, Hankou St., Sanmin Dist.,
kaohsiung City 807, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
15.06.1993 |
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Com. Reg. No.: |
84319917 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in Trading
of tea. |
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No. of Employee : |
About 15 |
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.
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.
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No. 88-1, Kaotan Rd., Daliao Dist, Kaohsiung City, Taiwan (R.O.C) |
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Supplied Address: |
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Telephone Number: |
+886-7-890-1318 |
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Fax Number: |
Note: The exact name and address are as above.
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Registered Name: |
Chau Mei Foods Co. |
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Registered Address: |
1F., No. 204, Hankou St., Sanmin Dist., kaohsiung City 807, Taiwan
(R.O.C.) |
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Date of Foundation: |
1993-6-15 |
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Registration Number: |
84319917 |
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Registry: |
Economic Development Board of Kaohsiung City Government |
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Registered Capital: |
(As of 2015.2, 1 NTD = 0.0318 USD) |
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Legal Representatives: |
Qizhang Li |
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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 1993-6-15 with registered number 84319917 as Private Limited Liability Company in Taiwan.
Branch
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Name |
Jiuru Branch |
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Address: |
No. 330, Jiuru 2nd
Rd., Sanmin Dist., Kaohsiung City, Taiwan (R.O.C) |
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Registration Number |
16472693 |
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Date of Registration |
1998-12-1 |
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Status |
Live |
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Manager Name |
Ruifen Wang |
Major Shareholders
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Name |
Subscription
Amount |
|
Qizhang Li |
9,000,000 |
Core Management
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Name |
Qizhang Li |
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Position |
Director |
Personnel Structure
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Total Employees |
About 15 employees |
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Headquarters |
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Add |
No. 88-1, Kaotan
Rd., Daliao Dist, Kaohsiung City, Taiwan (R.O.C) |
Production Information
l
Subject is a trader of tea, etc. without any
production activities.
l
It is introduced that subject’s some products
obtained the certification of ISO 9001.
Purchase Information
l
The registered
activities of subject:
|
No. |
Details |
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1 |
Trading of cakes, bread, cookies, ice cream, ice
cream cakes, soft drinks, juices, distilled water |
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2 |
Trading of coffee beans, tea, flower tea, black
tea and green tea |
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3 |
Trading of cream, ovaltine, plum, sugar and
creamer powder |
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4 |
Trading of canned food |
l
Subject’s products are mostly purchased in domestic
market.
l Subject is engaged
in sale of tea, etc.
l
It is introduced that subject can provide bubble
tea shops technical guidance services.
l
Subject can also provide OEM and ODM services for
customers.
l
Subject’s sales regions are Taiwan domestic market,
the mainland of China, Hong Kong and Thailand, America, Europe, Australia, etc.
l
Subject’s major types of customers are wholesalers
and retailers of tea, bubble tea
shops, cake shops and cafes, etc.
Major Products
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Types |
Products |
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Tea |
Japanese style matcha, oolong tea, ceylon black tea,
earl grey black tea, assam black tea, jasmine green tea |
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Bubble tea raw material |
Creamer and fructose, etc. |
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Fruit powder |
Matcha green milk powder, caramel
egg pudding and coconut milk powder, etc. |
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
1.
Domestic Purchase
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Products |
Tea, etc. |
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Payment Terms |
T/T, Cash, etc. |
Import
Subject has little import.
Sales
1.
Domestic Markets
|
Product |
Tea, etc. |
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Selling Terms |
T/T, Cash, etc. |
2.
Export
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Product |
Tea, etc. |
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Selling Terms |
L/C, T/T, 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 declined to disclose its
financials citing the grounds of company’s confidentiality; from other sources
we could not obtain such information, either.
|
Name |
E. Sun Commercial Bank, Ltd. |
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Account Name: |
Lee, Chun-Yang |
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Account No. |
0244441006110 |
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Swift Code : |
ESUNTWTP |
Note: The above information is
from public files, which is not confirmed by the subject.
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.
Special Note
Interview Details
|
Name |
Ms. Zhou |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.87 |
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UK Pound |
1 |
Rs. 94.07 |
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Euro |
1 |
Rs. 70.19 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
ASH |
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 |
-- |
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.