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Report No. : |
306132 |
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Report Date : |
06.02.2015 |
IDENTIFICATION DETAILS
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Name : |
OSTIC INDUSTRIAL CO., LTD. |
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Registered Office : |
7F, No.111, Ruey An St., Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
04.02.1988 |
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Com. Reg. No.: |
23161077 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of Tea |
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No. of Employee : |
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.
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: |
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Supplied Address: |
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Telephone Number: |
+886-2-2702-0615 |
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Fax Number: |
+886-2-2700-0599 |
Note: The exact name and address are as above.
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Registered Name: |
Ostic Industrial Co., Ltd. |
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Registered Address: |
7F, No.111, Ruey An St., Taipei, Taiwan |
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Date of Foundation: |
1988-2-4 |
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Registration Number: |
23161077 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2015.2, 1 NTD = 0.0317 USD) |
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Legal Representatives: |
Boming Su |
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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: Subject declined to
disclose its staff number, and
from other source we can’t obtain the information, either.
Subject was incorporated
on 1988-2-4 with registered number 23161077
as Private Limited Liability Company in Taiwan.
Subject did not introduce any subsidiaries or branches; from
other source we could not obtain the relevant information, either.
Major Shareholder
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Name |
Subscription Amount |
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Boming Su |
3,500,000 |
Core Management
Director
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Name |
Boming Su |
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Position |
Director |
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Headquarters |
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Add |
Production Information
Subject is a trader of tea, etc. without any production
activities.
Purchase Information
The registered activities of subject:
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1 |
General import and export business |
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2 |
As an agent assists in developing quoting,
bidding and distributing about home and abroad companies' products(except for
futures). |
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3 |
Operation and investment for above mentioned business |
Subject’s products are mainly purchased from home and
abroad.
Sales Information
Subject is engaged in sale of
tea,
Subject’s major products are black tea, flower tea and
green tea,
Subject’s sales region is Taiwan domestic market.
Subject’s major customers are local wholesalers and
retailers of tea, supermarket and bubble tea shops
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Products |
Tea, |
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Payment Terms |
T/T, Cash |
Import
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Products |
Tea |
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Payment Terms |
L/C, T/T |
Sales
Domestic Markets
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Product |
Tea, |
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Selling Terms |
T/T, Cash |
Export
Subject has little export.
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
Up to date of reporting, no existing or latent
litigation of the subject has been found.
Interview Details
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Name |
Mr. Su |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.87 |
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1 |
Rs.94.07 |
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Euro |
1 |
Rs.70.19 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ANK |
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.