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Report No. : |
308996 |
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Report Date : |
04.03.2015 |
IDENTIFICATION DETAILS
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Name : |
ZE FENG LABEL COMPANY |
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Formerly Known As : |
ZE FENG TRADING COMPANY |
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Registered Office : |
3f.-3, No.63, Ln. 122, Sec. 4, Ren-Ai Rd., Da-An Dist., Taipei City 10689 |
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Country : |
Taiwan |
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Date of Incorporation : |
01.10.2003 |
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Com. Reg. No.: |
80555591 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of Label Fabric. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Taiwan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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: |
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Supplied Address: |
14F-5, NO. 257,
REN 1ST RD, REN-AI DIST, KEELUNG CITY 20051, TAIWAN |
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Telephone Number: |
+886-2-2428-8752 |
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Fax Number: |
Notes: We contacted with the subject through the number
+886-2-2428-8752, relevant staff Mr. Jiang confirmed subject’s name and
operation information supplied in report, however, he refused to introduce
subject’s current address for us.
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Registered Name: |
Ze Feng Label Company |
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Registered Address: |
3f.-3, No.63, Ln. 122, Sec. 4, Ren-Ai Rd.,
Da-An Dist., Taipei City 10689, Taiwan (R.O.C.) |
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Date of Foundation: |
2003-10-1 |
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Registration Number: |
80555591 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2015.03, 1 NTD = 0.031 USD) |
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Legal Representatives: |
Junming Jiang |
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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: |
Notes: Subject declined to disclose its staff number; from
other source we cannot obtain the relevant information, either.
Subject was incorporated
on 2003-10-1 with registered number 80555591
as Private Limited Liability Company in Taiwan.
Change of Name
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Former English Name: |
Ze Feng Trading Company |
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Current English Name: |
Ze Feng Label Company |
Subject did not introduce whether it has any subsidiaries or branches,
from other source we can not obtain the relevant information, either.
Major Shareholders
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Name |
Subscription Amount |
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Junming Jiang |
2,000,000 |
Core Management
Directors
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Name |
Junming Jiang |
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Position |
Director |
Offices &
Factories
Since the subject
refused to introduce the address for us, we cannot confirm subject’s address at
this stage.
Production
Information
Subject is a trader of label fabric and etc without any production
activities.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
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F104010 |
Wholesales of cloth. |
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F401010 |
International trading business. |
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F107190 |
Wholesales of plastic film and bags. |
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F107030 |
Wholesales of cleaning supplies. |
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F104070 |
Wholesales of diaper and paper diaper. |
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F107140 |
Wholesales of plastic materials. |
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F108040 |
Wholesales of cosmetic. |
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F107130 |
Wholesales of synthetic resin. |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
Subject purchases its products both at home and abroad.
· Subject is engaged in sale of label fabric and etc.
· The major products include filters, label fabric (such as nylon taffeta, polyester satin, woven edge, cotton tape and etc), cleaning card, etc.
· Subject’s sales regions include Asia, Europe, America and etc.
· Subject’s major customers are printing plants for labels and etc.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
PURCHASE
Domestic Purchase
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Products |
Label Fabric and etc |
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Payment Terms |
Cash, T/T and etc |
Import
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Products |
Label Fabric and etc |
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Payment Terms |
L/C, T/T and etc |
SALES
Domestic Markets
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Product |
Label Fabric and etc |
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Selling Terms |
Cash, T/T and etc |
Export
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Product |
Label Fabric and etc |
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Selling Terms |
L/C, T/T and 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 Mr. Jiang 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
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Name |
Mr. Jiang |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.84 |
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1 |
Rs.95.14 |
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Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
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Analysis Done by
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KAR |
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Report Prepared
by : |
NIT |
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 |
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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.