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Report No. : |
324666 |
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Report Date : |
29.05.2015 |
IDENTIFICATION DETAILS
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Name : |
CUBE IMPEX CO., LTD. |
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Formerly Known As : |
DIA MONDS IMPEX CO., LTD. |
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Registered Office : |
11F., No.1-1, Nanjing W. Rd., Zhongshan Dist., Taipei City 10444 (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
12.11.2009 |
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Com. Reg. No.: |
24479158 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of Jewelry |
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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
|
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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Trading Address: |
11F, No 1-1
Nanjing West Road, Zhongshan Dist Taipei City 10444 Taiwan |
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Supplied Address: |
11F, No 1-1
Nanjing West Road, Zhongshan Dist Tapei City 10444 Taiwan |
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Telephone Number: |
+886-2-2700-6860 |
Notes: The exact name and address are as above. The
supplied mobile number (+886- 989-660-250)
is a vacant number.
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Registered Name: |
Cube Impex Co., Ltd. |
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Registered Address: |
11F., No.1-1, Nanjing W. Rd., Zhongshan Dist.,
Taipei City 10444, Taiwan (R.O.C.) |
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Date of Foundation: |
2009-11-12 |
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Registration Number: |
24479158 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2015.3, 1 NTD = 0.0320 USD) |
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Legal Representatives: |
Lun Xi |
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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: |
Note: Subject declined to
disclose the number of staff, and from other source we cannot obtain the
information, either.
Subject was incorporated
on 2009-11-12 with registered number 2009-11-12 as Private Limited Liability
Company in Taiwan.
Change of Name
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Former English Name: |
Dia Monds Impex Co., Ltd. |
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Current English Name: |
Cube Impex Co., Ltd. |
Subject did not register any subsidiaries or branches; from other source
we could not obtain the relevant information, either.
Major Shareholders
|
Name |
Subscription Amount |
|
Lun Xi |
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|
500,000 |
Core Management
Director
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Name |
Lun Xi |
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Position |
Director |
Offices &
Factories
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Headquarters |
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Add |
11F, No 1-1 Nanjing West Road, Zhongshan Dist Tapei City 10444 Taiwan |
Production
Information
Subject is a trader of jewelry, etc. without any production activities.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
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F115010 |
Jewelry and precious metals wholesaling |
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F115020 |
Ore wholesaling |
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F215010 |
Jewelry and precious metals retailing |
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F215020 |
Ore retailing |
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F401010 |
The international trade |
The products of the subject are mostly purchased from abroad such as
India.
· Subject is engaged in sale of jewelry, etc.
· The major products of the subject are necklace, earrings, watches, etc.
· Subject’s sales regions include domestic market and abroad.
· Subject’s major customers are jewelry shops and department stores, etc.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
PURCHASE
Domestic Purchase
Subject has little domestic purchase.
Import
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Products |
Jewelry, etc. |
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Payment Terms |
L/C, T/T, etc. |
Domestic Markets
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Product |
Jewelry, etc. |
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Selling Terms |
T/T, Cash, etc. |
Export
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Product |
Jewelry, etc. |
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Selling Terms |
L/C, T/T, 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 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 |
Mr. Hu |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.90 |
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|
1 |
Rs.98.16 |
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Euro |
1 |
Rs.69.73 |
INFORMATION DETAILS
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Analysis Done by
: |
KAR |
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Report Prepared
by : |
SDA |
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.