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Report No. : |
351130 |
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Report Date : |
27.11.2015 |
IDENTIFICATION DETAILS
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Name : |
ZHE MAO COMPANY LTD. |
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Registered Office : |
1F., No.220, Liuqiu Rd., Daliao Dist., Kaohsiung City 831, (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
09.11.2004 |
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Com. Reg. No.: |
27486575 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
· From public files, we found subject was engaged in plastic and waste plastic business. · Since we failed to contact with the subject, the above information cannot be confirmed by the subject. |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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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. 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: |
1F, No 220
Liuqiu Rd, Daliao Dist Kaohsiung City 831, Taiwan ROC |
From the public files, we
found two telephone number +886-7-7813008 and 886-07-7819935 and a mobile
number +886988287750 belong to the subject.
We tried to contact with
the subject through the number +886-7-7813008, however, this number is a vacant
number.
We tried to contact with
the subject through the telephone number and the mobile number +886988287750
for several times, however, both numbers were no one answered.
According to the supplied
name and address, we can not find any other valid contact information of
subject.
We found subject’s registration information as follows for reference.
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Registered Name: |
Zhe Mao Company Ltd. |
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Registered Address: |
1F., No.220, Liuqiu Rd., Daliao Dist., Kaohsiung
City 831, Taiwan (R.O.C.) |
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Date of Foundation: |
2004-11-9 |
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Registration Number: |
27486575 |
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Registry: |
Economic Development Board of Kaohsiung City
Governmen |
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Registered Capital: |
(As of 2015.11, 1 NTD = 0.031 USD) |
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Legal Representatives: |
Huifei Zhuang |
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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: Since we didn’t
contact subject successfully, the principal activities and staff number are not
available from any sources.
Subject was incorporated
on 2004-11-9 with registered number 27486575
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 Shares |
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Huifei Zhuang |
500,000 |
Core Management
Directors
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Name |
Huifei Zhuang |
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Position |
Director |
The registered activities of subject:
|
Business Code |
Details |
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F101990 |
Wholesales of other agriculture products, animal by products and
aquatic product. |
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F112020 |
Wholesales of coral and coral products. |
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F107200 |
Wholesales of chemical raw materials. |
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F107990 |
Wholesales of other chemical products. |
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F113010 |
Wholesales of machinery. |
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F113030 |
Wholesales of precision
instrument. |
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F115020 |
Wholesales of mineral ores. |
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F104110 |
Wholesales of cloth, wearing,
shoes, caps, umbrella and garment accessories. |
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F107170 |
Wholesales of industrial additives. |
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F107190 |
Wholesales of plastic film and bags. |
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F113050 |
Wholesales of computer and office equipment. |
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F113070 |
Wholesales of telecommunication equipment. |
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F119010 |
Wholesales of electronic materials. |
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F102170 |
Wholesales of food and miscellaneous goods. |
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F106010 |
Wholesales of hardware. |
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F201990 |
Retails of other agriculture products, animal by products and aquatic
product. |
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F207200 |
Retails of chemical materials. |
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F207990 |
Retails of other chemical products. |
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F212030 |
Retails of corals. |
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F213040 |
Retails of precision instrument. |
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F213080 |
Retails of machinery and tools. |
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F215020 |
Retails of mineral ores. |
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F201010 |
Retails of agriculture products. |
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F204110 |
Retails of cloth, wearing, shoes, caps, umbrella and garment
accessories. |
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F206010 |
Retails of hardware. |
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F207170 |
Retails of industrial additives. |
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F207190 |
Retails of plastic film and bags. |
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F213030 |
Retails of computer and office equipment. |
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F213060 |
Retails of telecommunication equipment. |
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F219010 |
Retails of electronic materials. |
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F401010 |
International trading business. |
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C801060 |
Manufacturing of synthetic rubber. |
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C801100 |
Manufacturing of synthetic resin and plastic. |
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C804020 |
Manufacturing of industrial rubber and plastic products. |
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C805030 |
Manufacturing of plastic daily supplies. |
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ZZ99999 |
Besides licensed business, all other business items those are not banned
or restricted. |
From public files, we found subject was
engaged in plastic and waste plastic business.
Since we failed to contact with the subject,
the above information cannot be confirmed by the subject.
Since we didn’t contact subject successfully, the settlement information
is not available from any sources.
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.
Since we didn’t contact subject successfully,
the financial information is not available from any sources.
Since we didn’t contact subject successfully, the bank information is
not available from any sources.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.55 |
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|
1 |
Rs.100.64 |
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Euro |
1 |
Rs.70.70 |
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TWD |
1 |
Rs.2.05 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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KIN |
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Report Prepared
by : |
NIT |
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.