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Report No. : |
351131 |
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Report Date : |
27.11.2015 |
IDENTIFICATION DETAILS
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Name : |
SINDOLY CO., LTD. |
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Registered Office : |
No.7, Sinsheng St., Toufen Town,
Miaoli County 35142 |
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Country : |
Taiwan |
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Date of Incorporation : |
21.09.2006 |
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Com. Reg. No.: |
28405185 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Subject is a trader of recyclable waste |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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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Supplied Address: |
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Telephone Number: |
+886-37-581333/937170017 |
Notes: We contact with the subject, the
relevant staff just confirmed the supplied name belong to his company and
introduced the operation information for us. However, he declined to introduce
his detailed location for us and we didn’t find any relevant information from
any valid sources, either. The exact name is as above.
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Registered Name: |
Sindoly Co., Ltd. |
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Registered Address: |
No.7, Sinsheng St., Toufen Town, Miaoli
County 35142, Taiwan (R.O.C.) |
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Date of Foundation: |
2006-9-21 |
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Registration Number: |
28405185 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2015.11, 1 NTD = 0.031 USD) |
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Legal Representatives: |
Zhejie 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.
Subject
was incorporated on 2006-9-21 with registered number 28405185 as Private
Limited Liability Company in Taiwan.
Related
Company
|
Name |
Many Zest Technology Corporation |
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Registered Number |
22978093 |
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Address |
No.1039, Kung Yi Rd., Chu Nan Chen, Miao Li Hsien, Taiwan,
R.O.C. |
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Telephone Number |
+886-37-612888 |
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Fax Number |
+886-37-612747 |
Major
Shareholders
|
Name |
Subscription Amount |
|
Zhejie Zhang |
8,000,000 |
Core
Management
Directors
|
Name |
Zhejie Zhang |
|
Position |
Director |
Offices
& Factories
Since the
subject declined to disclose its current address for us, we cannot provide
subject’s current address at this stage.
Production
Information
Subject is a trader of recyclable
waste and etc without any production activities.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
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F107200 |
Wholesales of chemical materials. |
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F117010 |
Wholesales of fire safety equipment. |
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F113030 |
Wholesales of precision instrument. |
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F401010 |
International trading business. |
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J101030 |
Cleaning waste industry. |
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J101040 |
Processing of waste industry. |
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C805990 |
Manufacturing of other plastic items. |
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F113020 |
Wholesales of electrical appliances. |
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F113010 |
Wholesales of machinery. |
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F106010 |
Wholesales of hardware. |
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F119010 |
Wholesales of electronic materials. |
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F113070 |
Wholesales of telecommunication equipment. |
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J101080 |
Waste resources recycling industry. |
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J101990 |
Other environmental health and pollution prevention services. |
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J101010 |
Cleaning building services. |
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F113990 |
Wholesales of other machinery and tools. |
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F199990 |
Other wholesales. |
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F299990 |
Other retail industry. |
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ZZ99999 |
Besides licensed business, all other business items those are
not banned or restricted. |
Subject purchases its products both at home and abroad.
It is introduced that subject import some products from Japan and
etc.
Subject is engaged in sale of recyclable waste and etc
The major products are recyclable
waste such as waste plastics, base copper and etc.
Subject’s sales regions include domestic and overseas markets.
Subject’s major customers are manufacturers of electronic
products, plastic products and etc.
Import
and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Recyclable waste |
|
Payment Terms |
Cash, T/T |
Import
|
Products |
Recyclable waste |
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Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Recyclable waste |
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Selling Terms |
Cash, T/T |
Export
|
Product |
Recyclable waste |
|
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 Mr. Zhang
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
|
1 |
|
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Case Type: |
Conditional Sale |
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Registered Number: |
54-103-424-1(03945) |
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Vendee Name: |
Sindoly Co., Ltd. |
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Registry: |
Directorate-General of Highways, MOTC |
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Vender Name: |
Yue Ye Motors Corporation |
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Date of Registration: |
2014-4-29 |
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Amount of Secure Claims: |
NTD 1,269,864 |
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Type of Mortgage: |
Automobile, heavy-duty machine, bicycle and
trailer |
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2 |
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Case Type: |
Conditional Sale |
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Registered Number: |
54-102-424-1(09990) |
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Vendee Name: |
Sindoly Co., Ltd. |
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Registry: |
Directorate-General of Highways, MOTC |
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Vender Name: |
Hotai Finance Co., Ltd. |
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Date of Registration: |
2015-12-3 |
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Amount of Secure Claims: |
NTD 535,464 |
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Type of Mortgage: |
Automobile, heavy-duty machine, bicycle and
trailer |
Interview Details
|
Name |
Mr. Zhang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.38 |
|
|
1 |
Rs.100.45 |
|
Euro |
1 |
Rs.70.55 |
|
TWD |
1 |
Rs.2.05 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
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Report Prepared
by : |
TRU |
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.