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Report No. : |
304453 |
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Report Date : |
10.02.2015 |
IDENTIFICATION DETAILS
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Name : |
GREAT YU LTD. |
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Registered Office : |
7F.-6, No.31, Songjiang Rd., Jhongshan
District., Taipei City 10455 |
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Country : |
Taiwan |
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Date of Incorporation : |
20.08.2013 |
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Com. Reg. No.: |
54352467 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
According to Public Files, subject is a trader
of Food Materials |
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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 |
|
|
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) |
|
Taiwan |
A2 |
A1 |
|
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, 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 : |
CREAT YU ICD |
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Supplied Address: |
Note: The supplied address belongs to subject’s registered address.
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Credit Opinion: |
Since we can’t get in touch with subject at present,
caution should be exercised. |
According to the supplied name and address, we tried to contact subject through the phone +886-2-2775-5628, a lady answered it and introduced we called a wrong number and she didn’t know subject.
We cannot obtain any other valid contact information about subject according the supplied name and address. Up to the date of report, we failed to find subject, if you kindly supply further information such as current telephone number, we’d like to continue our investigation.
We found the registration information of subject from local registry, supplying as follows for reference.
Note: Since we can’t get in touch with subject, the
principal activities and staff number are not available from any sources.
Subject was incorporated on 2013-8-20 with registered number 54352467 as Private Limited Liability Company in Taiwan.
Subject did not register any
subsidiaries or branches; from other source we could not obtain the relevant
information, either.
Major Shareholders
|
Name |
Subscription Amount |
|
Guangxiong Li |
|
|
500,000 |
Core Management
|
Guangxiong Li |
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|
Position |
Director |
Offices &
Factories
We cannot confirm subject’s current trading address at this stage.
Operation
Information
l
From public files, we found subject may
be a trader of food materials. Since we didn’t get in touch with subject, the
relevant information cannot be confirmed by any other sources.
l
The local registry shows subject’s
registered activities are as follows for reference.
|
Business Code |
Details |
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F101050 |
Wholesale of aquatic product |
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F102030 |
Wholesale of alcohol and tobacco |
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F401010 |
International trade business |
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F501050 |
Hotel business |
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F501060 |
Restaurant business |
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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 financial information is not available from any sources.
Since we didn’t contact subject successfully, 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.62.14 |
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UK Pound |
1 |
Rs.94.79 |
|
Euro |
1 |
Rs.70.38 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
MNL |
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 |
|
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 |
|
<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.