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Report No. : |
323846 |
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Report Date : |
28.05.2015 |
IDENTIFICATION DETAILS
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Name : |
GEMTEX ENTERPRISE CO., LTD. |
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Registered Office : |
5F., Ln. 168, Ruiguang Rd., Neihu Dist., Taipei City 11491 |
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Country : |
Taiwan |
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Date of Incorporation : |
28.03.2013 |
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Com. Reg. No.: |
54177172 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of Cloth. |
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No. of Employees : |
About 6 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
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, 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.
|
Source
: CIA |
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Company Name: |
GEMTEX ENTERPRISE CO., LTD. |
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Supplied Name: |
GEMTEX ENTERPRISE CO. LTD. |
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Trading Address: |
5F., Ln. 168, Ruiguang Rd., Neihu Dist., Taipei City 11491, Taiwan |
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Supplied Address: |
5F NO.168 RUIGUANG ROAD NEIHU DIST, TAIPEI 11491 |
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Telephone Number: |
+886-988-767-115 |
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Registered Name: |
Gemtex Enterprise Co., Ltd. |
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Registered Address: |
5F., Ln. 168, Ruiguang Rd., Neihu Dist., Taipei City 11491, Taiwan |
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Date of Foundation: |
2013-3-28 |
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Registration Number: |
54177172 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2015.5, 1 NTD = 0.0325 USD) |
|
Legal Representatives: |
Huilan Wang |
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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: |
Management Information
Core Management
|
Name |
Huilan Wang |
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Position |
Director |
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.
Shareholders
|
Name |
Subscription Amount |
|
Huilan Wang |
|
|
2,700,000 |
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
F104110 |
Wholesaling of cloth, garments, shoes, hats, umbrella and garment
accessories, etc. |
|
F204110 |
Retailing of cloth, garments, shoes, hats, umbrella and garment
accessories, etc. |
|
F401010 |
The international trade |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
The products sold by the subject are mainly purchased in Taiwan.
Subject is engaged in sale of cloth.
The major products sold by the subject are nylon cloth, cotton cloth,
cloth for sports suits, cloth for trousers, etc.
Subject’s sales regions include domestic market and abroad.
The general delivery lead time of subject is about 60 days.
Subject’s major customers are manufacturers of garments, shoes and bags.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan)
|
Products |
Cloth, |
|
Payment Terms |
T/T, Cash |
Import
Subject has little import.
Sales
Domestic Markets
|
Product |
Cloth |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Cloth |
|
Selling Terms |
L/C, T/T |
Corporate Structure
Subject did not
register any subsidiaries or branches; from other source we could not obtain the
relevant information, either.
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.
N/a
History
Subject was incorporated
on 2013-3-28 with registered number 54177172 as Private Limited Liability
Company in Taiwan.
Personnel Structure
|
Total Employees |
About 6 Employees |
Operation Information
Offices & Factories
|
|
Headquarters |
|
Add |
5F., Ln. 168,
Ruiguang Rd., Neihu Dist., Taipei City 11491, Taiwan |
Production Information
Subject is a trader of cloth, etc. without any production activities.
It is introduced that subject has a cooperative factory in Tainan city
of Taiwan for production.
Bankers
Subject declined
to disclose its bank details; from other source we could not obtain the
relevant information, either.
Special Note
Interview Details
|
Name |
Ms. Wang |
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Position |
Director |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.95 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.69.86 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
TPT |
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 |
|
|
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 |
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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.