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Report No. : |
308095 |
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Report Date : |
27.02.2015 |
IDENTIFICATION DETAILS
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Name : |
LI TONE ELECTRONICS CO., LTD. |
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Registered Office : |
1/F., No. 29, Lane 311, Jie Sou Rd., Sanxia Dist., New Taipei City 237 |
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Country : |
Taiwan |
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Date of Incorporation : |
14.11.1986 |
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Com. Reg. No.: |
22299193 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of Electronic Components |
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No. of Employees : |
About 60 employees |
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.
ECGC Country Risk Classification List – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Taiwan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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: |
No. 29, Lane 311, Jie Sou Rd., Sanxia Dist., New Taipei City 237,
Taiwan (R.O.C.) |
|
Supplied
Address: |
NO. 29,LANE
311,JIE SOU ROAD, SEC1, SANHSIA TOWN, TAIPEI HSIEN, TAIWAN, R.O.C. |
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Telephone
Number: |
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Fax Number: |
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E-Mail: |
Note: The exact name and address are as above.
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Credit Opinion: |
Note: Subject declined to disclose its staff number; we obtained the relevant information
from public files.
Subject was incorporated
on 1986-11-14 with registered number 22299193
as Joint Stock Company in Taiwan.
Factory
|
Address: |
No. 29, Lane 311, Sec. 1, Jie Shou Rd., San
Xia Dist., New Taipei City , Taiwan, R.O.C |
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Date of Foundation: |
1988-8-8 |
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Date of Registration: |
1988-10-3 |
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Factory Registration Number: |
99614935 |
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Factory Manager: |
Defa Liu |
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Status: |
In Production |
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Date of Last
Annual Return: |
2014-11-28 |
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Major Products: |
269 Other electronic components 271 Computers and peripherals 289 Other electrical equipment |
Major Related Company
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Name: |
Li Tone
Electronics (Dong Guan) Ltd. |
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Address: |
The Juzhou 3rd Industrial Zone, Shijie Town,
Dongguan City, Guang Dong Province, China |
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Date of
Foundation: |
2003-11-17 |
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Registration
Number: |
441900400206004 |
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Telephone
Number: |
+86-769-8601-2346 |
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Fax Number: |
+86-769-8601-2350 |
Major Shareholders
|
Name |
Subscription Shares |
|
Defa Liu |
880,644 |
|
Xia Jian |
|
|
761,936 |
|
|
Zhaohong Liu |
1,864,921 |
|
Fengshan Li |
344,802 |
Core Management
Directors
|
1 |
||
|
Name |
Defa Liu |
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Position |
Board Chairman |
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2 |
||
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Name |
Xia Jian |
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Position |
Director |
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3 |
||
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Name |
Zhaohong Liu |
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Position |
Director |
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4 |
||
|
Name |
Fengshan Li |
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Position |
Supervisor |
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Personnel
Structure
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Total Employees |
About 60
employees |
|
|
Trading of electronic
components and etc. |
|
|
Headquarters |
|
Add |
No. 29, Lane 311, Jie Sou Rd., Sanxia Dist.,
New Taipei City 237, Taiwan (R.O.C.) |
Production
Information
· Subject is engaged in trading of electronic components and etc. without any production activities.
· It is introduced that subject’s related company has a factory in Dongguan City, Guangdong Province, the mainland of China for production.
Purchase
Information
The registered
activities of subject:
|
1 |
Manufacturing, processing and sale of
speaker, telephone, handset, speaker box combination, various coil
transformer, flyback transformers, deflection yokes, coils and other
electronic parts, components, equipment, metal parts |
|
2 |
Manufacturing, processing and sale of
computer peripherals and monitor |
|
3 |
Import and export business ,operation and
investment for above mentioned business |
|
4 |
As an agent assists in
developing quoting, bidding and distributing for above
mentioned business |
It is introduced that subject’s products are mostly purchased from
related company in Dongguan City, Guangdong Province, the mainland of China.
· Subject is engaged in sale of electronic components and etc.
· Subject’s major products are transformers and coils, solar chargers, switching power supplies, AC/DC adaptors and so on.
· Subject’s sales regions include China, Japan, Europe and Australia, etc.
· Subject’s major customers are wholesalers and retailers of electronic products, etc.
· It is introduced that subject’s related company in Dongguan City, Guangdong Province, the mainland of China can provide OEM/ODM services.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
PURCHASE
Domestic Purchase
|
Products |
Transformers,
etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
Subject has little import.
SALES
Domestic Markets
|
Product |
Transformers,
etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Transformers,
etc. |
|
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.
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. Li |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.94 |
|
|
1 |
Rs.96.24 |
|
Euro |
1 |
Rs.70.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
NIT |
RATING EXPLANATIONS
|
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.