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Report No. : |
322163 |
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Report Date : |
14.05.2015 |
IDENTIFICATION DETAILS
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Name : |
TUN WA INDUSTRIAL CO., LTD. |
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Registered Office : |
10Fl., No. 356, Fu Hsing N. Rd., Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
18.05.1996 |
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Com. Reg. No.: |
96967535 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is engaged in trading of computer accessories
and related products |
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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) |
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Taiwan |
A2 |
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. However, negotiations on follow-on components of ECFA, including an agreement on trade in services, deals 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 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 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 fourth largest, behind those of China, Japan, and Russia. 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 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: |
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Supplied Address: |
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Telephone Number: |
+886-2-2506-8570 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above.
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Registered Name: |
TUN WA INDUSTRIAL CO., LTD. |
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Registered Address: |
10Fl., No. 356, Fu Hsing N. Rd., Taipei
Taiwan R.O.C. |
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Date of Foundation: |
1996-5-18 |
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Registration Number: |
96967535 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2015.04, 1 NTD = 0.0321 USD) |
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Legal Representatives: |
Chunhui Ni |
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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 1996-5-18 with registered
number 96967535 as Private
Limited Liability Company in Taiwan.
Subject did not register any subsidiaries or branches; from other source
we could not obtain the relevant information, either.
Major Shareholders
|
Name |
Subscription Amount |
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Chunhui Ni |
2,700,000 |
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Grand Dignity Enterprises Limited |
|
|
22,300,000 |
Core Management
Directors
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1 |
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Name |
Chunhui Ni |
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Position |
Director |
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2 |
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Name |
Ruixi Su |
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Position |
Director |
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Offices & Factories
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Headquarters |
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Add |
Production
Information
Subject is a trader of computer
accessories and related products, etc. without any production
activities.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
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-- |
General importing and exporting business (Besides licensed business) |
|
-- |
Agent of marking price and bidding of domestic and oversea
manufacturer’s above related products. |
It is introduced that subject’s major products are mostly purchased both
at domestic market such as Taiwan, Mainland China and abroad like Southeast
Asia.
Subject is engaged in sale of computer accessories and related products,
etc.
The major products sold by subject include computer casing and seitching power supplies, PC peripherals, keyboard,
mouse, storage-products, CPU cooler and other computer accessories, etc.
Subject’s sales regions include domestic market, Asia, Australia/Oceania,
Central/South America, some European countries, etc.
Subject’s major types of customers are manufacturers, repairers and
wholesalers of computer and related products, etc.
Subject’s major customers are Shurtape Peru S.A., Quimica Suiza
Industrial De Colombia Sa., and Quimica Suiza Industrial De., 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 |
Computer accessories and related products,
etc. |
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Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Computer accessories and related products,
etc. |
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Payment Terms |
L/C, T/T and etc |
Sales
Domestic Markets
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Product |
Computer accessories and related products,
etc. |
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Selling Terms |
Cash, T/T and etc |
Export
|
Product |
Computer accessories and related products,
etc. |
|
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 Ms. Huang 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. Huang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.64.19 |
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|
1 |
Rs.100.57 |
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Euro |
1 |
Rs.72.07 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
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.