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Report No. : |
349343 |
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Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
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Name : |
I.N.T. INTERNATIONAL INC. |
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Registered Office : |
4F., No. 14, Ln. 345, Yangguang St., Neihu
Technology Park, Taipei 11491 |
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Country : |
Taiwan |
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Date of Incorporation : |
09.10.2001 |
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Com. Reg. No.: |
12951790 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of chemical products
for textile. |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Taiwan |
A1 |
A1 |
|
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. 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, follow-on components of the ECFA, including a signed agreement on trade in services and negotiations on trade in goods and dispute resolution, have stalled. In early 2014, the government bowed to public demand and proposed 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 nearly 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 fifth largest, behind those of China, Japan, Saudi Arabia, 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, the Taiwan Central Bank signed a memorandum of understanding (MOU) 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 Taiwan’s 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 decent 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: |
4F., No. 14, Ln.
345, Yangguang St., Neihu Technology Park, Taipei 11491, Taiwan (R.O.C.) |
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Supplied Address: |
4F,NO.14,LN.345,YANGGUANG
ST., NEIHU TECHNOLOGY PARK,TAIPEI CITY 114,TAIWAN(ROC) |
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Telephone Number: |
+886-2-2797-2398 |
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Fax Number: |
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E-mail: |
Notes: The exact name and
address are as above.
Notes: Subject declined to disclose its staff number; from
other source we cannot obtain the relevant information, either.
Subject was incorporated
on 2001-10-9 with registered number 12951790
as Joint Stock Company in Taiwan.
Change of Name
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Former Chinese Name: |
怡凌有限公司 |
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Current Chinese Name: |
怡凌股份有限公司 |
Factory
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Address: |
No.11, Lane 39, Neixi Rd., Taoyuan City, Taoyuan County, Taiwan
(R.O.C) |
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Date of Foundation: |
1998-2-26 |
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Factory Registration Number: |
99624964 |
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Factory Manager: |
Minghong Cai |
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Status: |
In production |
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Date of Last Annual Return: |
2015-9-14 |
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Major Products: |
112 weaving 114 dying and processing 123 garment accessories |
Note:
If a plant established earlier than the owning company ("the
subject"), the main reasons usually refer to the following:
1. The subject purchased the said plant from other company;
2. The plant used to belong to other company and the subject
merged with this company as the acquiring party. It absorbed the said company
including its plants.
In this case, we could not confirm the exact reason from any other
sources.
Major Shareholders
|
Name |
Subscription Shares |
|
Minghong Cai |
2,000,000 |
|
Xiuqin Liu |
150,000 |
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Lizhu Wu |
250,000 |
|
Hemin Chen |
200,000 |
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Jingyi Lin |
400,000 |
Core Management
Directors
|
1 |
||
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Name |
Minghong Cai |
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Position |
Board Chairman |
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2 |
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Name |
Xiuqin Liu |
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Position |
Director |
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3 |
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Name |
Lizhu Wu |
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Position |
Director |
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4 |
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Name |
Hemin Chen |
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Position |
Director |
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5 |
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Name |
Junlong Zhuang |
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Position |
Director |
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6 |
||
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Name |
Jingyi Lin |
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Position |
Supervisor |
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Offices &
Factories
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|
Headquarters |
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Add |
4F., No. 14, Ln. 345, Yangguang St., Neihu Technology Park, Taipei
11491, Taiwan (R.O.C.) |
Production
Information
Subject is engaged in manufacturing of chemical products for textile and etc.
Subject has a factory in Taiwan for production. It is introduce that
subject has related factories in the mainland of China and India.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
F107020 |
Wholesales of dye and pigment |
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F207010 |
Retails of coating and paintings. |
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F119010 |
Wholesales of electronic materials. |
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F219010 |
Retails of electronic materials. |
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F118010 |
Wholesales of information software. |
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F218010 |
Retails of information software. |
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F108040 |
Wholesales of cosmetics. |
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F208040 |
Retails of cosmetics. |
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F110020 |
Wholesales of glasses. |
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F210020 |
Retails of glasses. |
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F113010 |
Wholesales of machinery. |
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F213080 |
Retails of machinery and tools. |
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F107170 |
Wholesales of auxiliary industry. |
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F107200 |
Wholesales of chemicals. |
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F207020 |
Retails of dye and pigment |
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F207200 |
Retails of chemical materials. |
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F207170 |
Retails of auxiliary industry. |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
It is introduced that subject purchases its materials and etc both at home
and abroad.
Subject is engaged in sale of chemical products for textile
The major products include dyes, textile auxiliaries, textile screen
printing inks, screen printing
equipment
Subject’s sales regions include China, Europe, Central America, South
East Asia and the Middle East.
Subject’s major customers are manufacturers of textiles, garment
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Materials |
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Payment Terms |
Cash, T/T |
Import
|
Products |
Materials |
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Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Chemical products for textile |
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Selling Terms |
Cash, T/T |
Export
|
Product |
Chemical products for textile |
|
Selling Terms |
L/C, T/T |
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
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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Report Prepared
by : |
ANK |
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 |
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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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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 |
-- |
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.