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Report No. : |
331630 |
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Report Date : |
15.07.2015 |
IDENTIFICATION DETAILS
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Name : |
GEO GIN TRADING CO., LTD |
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Registered Office : |
4F., No.778, Sec. 4, Bade Rd., Nangang Dist., Taipei City 11577 |
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Country : |
Taiwan |
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Date of Incorporation : |
05.09.1995 |
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Com. Reg. No.: |
89604117 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of food ingredients and
additives. |
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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 |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Taiwan |
A1 |
A1 |
|
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. However, follow-on components of ECFA, including a signed agreement on trade in services, negotiations on trade in goods, and dispute resolution—have stalled. In early 2014, the government bowed to public demand for a new law governing the oversight of cross-Strait agreements, before any additional deals with China are implemented; the legislature has yet to vote on such legislation, leaving the future of ECFA up in the air as President MA enters his final full year in office. MA has portrayed ECFA as Taiwan’s key to greater participation in East Asia’s free trade networks. Taiwan's total fertility rate of just under 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 expected to account for 20% of the island's total population by 2025. The island runs a trade surplus, largely because of its surplus with China, and its foreign reserves are the world's fifth largest, behind those of China, Japan, Saudi Arabia, 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, the 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 has helped Taiwan develop into a local RMB hub. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also pose new challenges as the island becomes more economically dependent on China at a time when political differences remain unresolved. During 2014, the press paid increasing attention to domestic economic issues while pushing aside the debates over trade liberalization that were a hallmark of MA’s tenure. The media focused on the divide between Taiwan’s “haves” and “have nots,” providing extensive coverage of public frustration with stagnant wages, skyrocketing housing prices, and the difficulty of finding decent entry-level jobs.
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
4F., No.778, Sec. 4, Bade Rd., Nangang Dist., Taipei City 11577, Taiwan |
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Supplied Address: |
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Telephone Number: |
+886-2-2788-6279 |
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Fax Number: |
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Notes: The exact name
and address are as above. Subject did not explain the supplied email address.
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Registered Name: |
Geo Gin Trading Co., Ltd. |
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Registered Address: |
4F., No.778, Sec. 4, Bade Rd., Nangang Dist., Taipei City 11577, Taiwan |
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Date of Foundation: |
1995-9-5 |
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Registration Number: |
89604117 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2015.7, 1 NTD = 0.0320 USD) |
|
Legal Representatives: |
Wanly Xu |
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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: |
Subject was incorporated on 1995-9-5
with registered number 89604117 as Private Limited Liability Company in Taiwan.
Related
Company
|
Name |
Champion Co., Ltd. |
|
Address |
4F., No.778, Sec. 4, Bade Rd., Nangang Dist., Taipei City 115, Taiwan |
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Telephone Number |
+886-2-2788-6279 |
|
Fax Number |
+886-2-2654-8408 |
Major
Shareholders
|
Name |
Subscription Amount |
|
Wanli Xu |
|
|
30,000,000 |
Core Management
Director
|
Name |
Wanli Xu |
|
Position |
Director |
Offices & Factories
|
|
Headquarters |
|
Add |
4F., No.778, Sec. 4, Bade Rd., Nangang Dist., Taipei City 11577, Taiwan |
Production
Information
l
Subject is a trader of food ingredients and additives, without
any production activities.
Purchase Information
l
The registered activities of subject:
|
No. |
Details |
|
1 |
Manufacturing, processing and sale of food (except otherwise authorized business) |
|
2 |
General trading (except otherwise authorized business) |
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3 |
Biding of the above products from home and abroad |
l
The products of the subject are both
purchased at home and abroad.
l Subject
is engaged in sale of food ingredients
and additives
l
The major products of the subject are
supplement ingredients, food ingredients and cosmetic ingredients and so on.
l
Subject’s sales regions include
domestic market and abroad.
l
Subject’s major customers are
manufacturers of food and cosmetic,
l
The detail information of subject’s
products is as follows:
|
Category |
Products |
|
Supplement ingredients |
Fish oil, omega-3 DHA powder, pumpkin seed oil, evening primrose oil, evening primrose oil powder, flax seed oil, borage oil, rose oil, seabuckthorn fruit oil, psyllium husk, psyllium husk powder, oat fiber, chia seed, vitamin E, Multivitamin, organic rooibos tea, aloe extract powder, amylase |
|
Food ingredients |
Kombu extract, shrimp extract, abalone extract paste, crab extract powder, cheese powder, cheddar cheese powder, miso powder, beef powder, chicken powder, sweet delicious, sodium citrate, lactic acid, ethyl maltol, meat flavor, crab flavor, kimchi oil, fish favor, sucralose, isomalt, xylose, guar gum, food coloring, thickener |
|
Cosmetic ingredients |
Squalene, solvents, white oil. |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Food ingredients and additives |
|
Payment Terms |
T/T, Cash |
2.
Import
|
Products |
Food ingredients and additives |
|
Payment Terms |
L/C, T/T |
1.
Domestic Markets
|
Product |
Food ingredients and additives. |
|
Selling Terms |
T/T, Cash |
2.
Export
|
Product |
Food ingredients and additives |
|
Selling Terms |
L/C, T/T |
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.
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 |
Mr. Yang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.50 |
|
UK Pound |
1 |
Rs.98.20 |
|
Euro |
1 |
Rs.69.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
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Report Prepared
by : |
TRU |
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 |
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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 |
|
|
<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.