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Report No. : |
306996 |
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Report Date : |
12.02.2015 |
IDENTIFICATION DETAILS
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Name : |
ALL CHANCE STEEL
ENTERPRISE CO., LTD. |
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Registered Office : |
5F.-2, No.47, Qingnian 2nd Rd., Lingya
Dist., Kaohsiung City 80248 |
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Country : |
Taiwan |
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Date of Incorporation : |
07.11.2013 |
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Com. Reg. No.: |
54217630 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
engaged in trading
of Metal Products including CR, HR, PPGI, ETP, GI, GL & GA. |
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No of Employees : |
Not Available [We tried to confirm the number of employees but no one is ready to
part any information from the company management.] |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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: |
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Trading Address: |
5F.-2, No.47, Qingnian
2nd Rd., Lingya Dist., Kaohsiung City 80248, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-7-3387117 |
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Fax Number: |
Notes: The exact name and address are as above.
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Credit Opinion: |
Since the
subject is a newly established company, the future development remains to be
seen. At this stage credits require securities. |
Notes: Subject declined to disclose its staff number; from
other source we cannot obtain the relevant information, either.
Subject was incorporated
on 2013-11-7 with registered number 54217630
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
|
Subscription Shares |
|
|
Qinghui Chen |
5,000,000 |
Core Management
Directors
|
Name |
Qinghui Chen |
|
Position |
Director |
Offices &
Factories
|
|
Headquarters |
|
Add |
5F.-2, No.47, Qingnian 2nd Rd., Lingya Dist., Kaohsiung City 80248,
Taiwan (R.O.C.) |
Production
Information
Subject is a trader of metal products without any production activities
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
F111090 |
Wholesales of construction materials. |
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F102170 |
Wholesales of food and miscellaneous goods. |
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F105050 |
Wholesales of furniture, sleeping supplied, kitchenware and
decoration. |
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F106010 |
Wholesales of hardware. |
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F106020 |
Wholesales of daily supplies. |
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F107190 |
Wholesales of plastic film and bags. |
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F107200 |
Wholesales of chemical materials. |
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F199990 |
Other wholesales. |
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F401010 |
International trading business. |
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CA01050 |
Second processing of steel. |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
It is introduced that subject purchases its products mainly from Taiwan
domestic market.
Subject is engaged in sale of metal products
The major products include CR, HR, PPGI, ETP, GI, GL & GA.
Subject’s sales regions cover China, Bangladesh, Indonesia, Cambodia,
Malaysia, Pakistan, Singapore, Philippines .
Subject’s major customers are machine building industry, construction
industry .
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Metal products |
|
Payment Terms |
Cash, T/T
|
Import
The subject has little import.
Sales
Domestic Markets
|
Product |
Metal products |
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Selling Terms |
Cash, T/T
|
Export
|
Product |
Metal products |
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Selling Terms |
L/C, T/T
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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 |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.15 |
|
UK Pound |
1 |
Rs.94.72 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
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Report Prepared
by : |
MNL |
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.