MIRA INFORM REPORT
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Report No. : |
309372 |
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Report Date : |
07.03.2015 |
IDENTIFICATION DETAILS
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Name : |
UNIAPEX INTERNATIONAL, LTD. |
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Registered Office : |
6F., No.898, Jingguo Rd., Luzhu Dist., Taoyuan City 33858 |
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Country : |
Taiwan |
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Date of Incorporation : |
19.06.1997 |
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Com. Reg. No.: |
16039157 |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Trading of textile machinery |
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No. of Employee : |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Taiwan |
A2 |
A1 |
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Risk Category |
ECGC
Classification |
|
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 |
Contact
Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
6F., No.898, Jingguo Rd., Luzhu Dist.,
Taoyuan City 33858, Taiwan (R.O.C.) |
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Supplied Address: |
6F, NO 898 , JING GUO ROAD, LU-ZHD DISTRICT,
TAOYUAN CITY, TAIWAN |
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Telephone Number: |
+886-3-358-1336 |
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Fax Number: |
Notes:
The exact name and address are as above.
Company
Identification Details
|
Registered Name: |
Uniapex International, Ltd. |
|
Registered Address: |
6F., No.898, Jingguo Rd., Luzhu Dist., Taoyuan City 33858, Taiwan
(R.O.C.) |
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Date of Foundation: |
1997-6-19 |
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Registration Number: |
16039157 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2015.02, 1 NTD = 0.031 USD) |
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Legal Representatives: |
Junlong Zhang |
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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.
History
Subject was incorporated on 1997-6-19 with registered number 16039157 as Private Limited Liability
Company in Taiwan.
Corporate
Structure
It is
introduced that subject has a branch in Indonesia, however, the subject didn’t
introduce details for us, and we cannot find any relevant information from any
valid sources, either.
Shareholders
Major Shareholders
|
Name |
Subscription
Amount |
|
Junlong Zhang |
6,600,000 |
Management
Information
Core Management
Directors
|
Name |
Junlong Zhang |
|
Position |
Director |
Operation
Information
Offices & Factories
|
|
Headquarters |
|
Add |
6F., No.898, Jingguo
Rd., Luzhu Dist., Taoyuan City 33858, Taiwan (R.O.C.) |
Production Information
Subject is a trader
of textile machinery and etc
without any production activities.
Purchase Information
The
registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing,
processing and trading of dyeing and finishing machinery for textile. |
|
-- |
Manufacturing,
processing and trading of textile and raw materials. |
|
-- |
General importing
and exporting business (Besides
licensed business). |
|
-- |
Agent of bidding
and marking price for domestic and overseas manufacturers’ products. |
It is introduced
that subject purchases its products mainly in Taiwan and the mainland of china.
Subject is engaged in sale of textile
machinery and etc
The major products
are dyeing and finishing machinery for textile and so on.
Subject’s sales
regions include Asia and etc.
Subject’s major
customers are manufacturer of textiles such as fabric
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic
Purchase
|
Products |
Textile machinery |
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Payment Terms |
Cash, T/T |
Import
The subject has little import.
Sales
Domestic Markets
|
Product |
Textile machinery |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Textile machinery |
|
Selling Terms |
L/C, T/T |
Financial
Information
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.
Bankers
Subject declined to
disclose its bank details; from other source we could not obtain the relevant
information, either.
Public
Record
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.
Special
Note
Interview
Details
|
Department |
Sales Department |
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E-mail: |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.94.71 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
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 |
|
<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.