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Report No. : |
302341 |
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Report Date : |
14.01.2015 |
IDENTIFICATION DETAILS
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Name : |
RST ENTERPRISE CO., LTD. |
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Registered Office : |
No.66, Meishu E. 5th Rd., Gushan Dist., Kaohsiung City, |
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Country : |
Taiwan |
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Date of Incorporation : |
19.06.1987 |
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Com. Reg. No.: |
22530691 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of
apparatus of electric power |
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No. of Employees : |
80 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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: |
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Trading Address: |
No.66, Meishu E. 5th Rd., Gushan Dist., Kaohsiung City, Taiwan, R.O.C. |
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Supplied Address: |
|
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Telephone Number: |
+886-7-552-1311 |
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Fax Number: |
Note: The exact name
and address are as above. The supplied telephone number (+886-6-243-6067)
belongs to subject’s Tainan Office.
Subject was incorporated on 1987-6-17 with registered number 22530691 as Joint Stock Company in Taiwan.
Change of Name
|
Former Chinese Name: |
汎武企業有限公司 |
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Current Chinese Name: |
汎武事業股份有限公司 |
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Former English Name: |
Carway Development
Ltd. |
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Current English Name: |
RST Enterprise
Co., Ltd. |
Offices
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1 |
|
|
Name: |
Taipei Office |
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Address: |
No. 9, Lane 184, Zhongshan
Rd., Sanxia Dist., New Taipei, Taiwan, R.O.C. |
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Telephone Number: |
+886-2-8671-7471 |
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Fax Number: |
+886-2-8671-7427 |
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2 |
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Name: |
Taichung Office |
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Address: |
No. 11, Tianbao Street, Xitun Dist.,Taichung City, Taiwan, R.O.C. |
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Telephone Number: |
+886-4-2350-7936 |
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Fax Number: |
+886-4-2350-7923 |
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3 |
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Name: |
Tainan Office |
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Address: |
No. 55, Xinzhong Street, Yongkang Dist., Tainan City, Taiwan, R.O.C. |
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Telephone Number: |
+886-6-243-6067 |
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Fax Number: |
+886-6-243-2867 |
Major Shareholders
|
Name |
Subscription Shares |
|
Saigu Lian |
1,987,800 |
|
Wuji Xie |
|
|
1,949,200 |
|
|
Zhengxiong Liu |
495,800 |
|
Zhaotian Lin |
113,800 |
Core Management
Directors
|
1 |
||
|
Name |
Saigu Lian |
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Position |
Board Chairman |
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2 |
||
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Name |
Wuji Xie |
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Position |
Director |
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3 |
||
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Name |
Zhengxiong Liu |
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Position |
Director |
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4 |
||
|
Name |
Zhaotian Lin |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 80 employees |
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|
Headquarters |
|
Add |
No.66, Meishu E. 5th Rd., Gushan Dist., Kaohsiung City, Taiwan, R.O.C. |
Production Information
Subject is a trader of apparatus of electric power, etc. without any production activities
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
F113010 |
Wholesale of machineries |
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F113050 |
Wholesale of computer and transactional equipment |
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F114030 |
Wholesale of automobile, motorcycle parts |
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F119010 |
Wholesale of electronic materials |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
|
F106010 |
Wholesale of hardware |
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F113020 |
Wholesale of electric equipment |
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F113030 |
Wholesale of precision Instruments |
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F117010 |
Wholesale of fire safety equipment |
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F206010 |
Retail of hardware |
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F213040 |
Retail of precision Instruments |
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F213080 |
Retail of mechanical appliances |
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F213990 |
Retail of other mechanical appliances |
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F217010 |
Retail of fire safety equipment |
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F401010 |
International trade business |
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IG03010 |
Energy technology services |
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CB01010 |
Manufacturing of equipment |
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CC01010 |
Power generation, transmission, distribution machinery manufacturing industry |
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CC01040 |
Manufacturing of lighting devices |
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CE01010 |
Manufacturing of general instruments |
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E601010 |
Holds electrical industry |
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E603050 |
Automatic control equipment engineering industry |
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E603090 |
Lighting equipment installation engineering |
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E599010 |
Piping engineering |
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E601020 |
Electrical installation industry |
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E603010 |
Cable installation engineering |
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E603040 |
Fire safety equipment installation engineering |
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E603080 |
Traffic signal installation engineering |
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E604010 |
Installation of mechanical |
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E605010 |
Installation of computer equipment |
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E701010 |
Telecommunications engineering |
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EZ05010 |
Instrument installation engineering |
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EZ06010 |
Traffic marking engineering |
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F113110 |
Wholesale of Batteries |
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F113990 |
Wholesale of other mechanical appliances |
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F118010 |
Wholesale of Information software |
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F218010 |
Retail of Information software |
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I301010 |
Information software services |
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I301020 |
Data processing services |
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I301030 |
Supply of electronic information services |
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I401010 |
General advertising services |
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I503010 |
Landscape, interior design industry |
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IZ12010 |
Staffing Industry |
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J101010 |
Building-cleaning services |
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J101090 |
Waste Cleanup Industry |
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JE01010 |
Leasing industry |
Subject’s products are both purchased at domestic market and abroad.
Subject is engaged in sale of apparatus of electric power, etc.
The major products sold by the subject are apparatus of electric power, devices and components of factory automation, fans like, auto parts, etc.
Subject is also an agent of the brands of 3M, ETI, AREVA, DELTA, LUYON, FUJI, HITACHI, MIT SUBISHI HUB, RAYCHEM, ABB, etc.
It is introduced that subject also provides the technology support and consulting services for customers.
Subject’s sales regions include domestic market, Japan, Korea, Southeast Asia and America, etc.
Major Products:
|
Types |
Products |
|
Power |
Gas circuit
breakers, vacuum circuit breaker, lightning arrester, transformer, automatic power
factor regulator, power meter, air circuit breakers and switches, etc. |
|
Factory Automation
|
Servo motor,
sensor, programmable controller and power supply, etc. |
|
Fan |
Maglev power motor fan, mighty mini fan & blower, brushless DC cooling fan and AC cooling
fan, etc. |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Apparatus of
electric power, etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
|
Products |
Apparatus of
electric power, etc. |
|
Payment Terms |
L/C, T/T, etc. |
Sales
Domestic Markets
|
Product |
Apparatus of
electric power, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Apparatus of
electric power, 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 Ms. Amada Wang declined to discloses 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
|
1 |
|
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Trial Number: |
2006, Xiongjian,
4116 |
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Date of Trial: |
2006-8-22 |
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Reason: |
Confirm the check
creditor relationship not exist |
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Claimant: |
RST Enterprise Co
Ltd |
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Defendant: |
Quanwei
Development Motor Co. Ltd (Literal Translation) |
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2 |
|
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Trial Number: |
2012, Sixiongbu,
42 |
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Date of Trial: |
2012-1-5 |
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Reason: |
Apply for public
service |
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Claimant: |
RST Enterprise Co
Ltd |
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Defendant: |
Not Stated |
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3 |
|
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Trial Number: |
2012,
Sixiongsheng, 297 |
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Date of Trial: |
2012-11-29 |
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Reason: |
Apply for public
service |
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Claimant: |
RST Enterprise Co
Ltd |
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Defendant: |
Not Stated |
Interview Details
|
Name |
Ms. Amada Wang |
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Department |
Sales Department |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.10 |
|
|
1 |
Rs.94.10 |
|
Euro |
1 |
Rs.73.42 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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Report Prepared
by : |
NIS |
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 |
|
|
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 |
|
|
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 |
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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.