|
Report No. : |
344755 |
|
Report Date : |
15.10.2015 |
IDENTIFICATION DETAILS
|
Name : |
YOUNG GREAT INTERNATIONAL CO., LIMITED |
|
|
|
|
Registered Office : |
4F, No. 101, Sec. 3, Nanjing E. Rd.,
Zhongshan Dist., Taipei City 10053, Taiwan (R.O.C.) |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
16.04.2010 |
|
|
|
|
Com. Reg. No.: |
25120994 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Not Available [We tried to confirm the detailed activity but the same is not
available from any sources] |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-3393-1856 |
Note: The exact name and contact information
are as above.
We
tried to contact the subject through the supplied telephone number +886-4-2485-0888, a lady who answered the phone introduced that her company
named Yung Great International Co., Ltd. that locates at the supplied address,
but she said that she does not know any information about the subject.
We tried to contact the subject through the
telephone number +886-2-3393-1856 which we found from public files according to
registered Chinese name of the subject, a lady answered it, she confirmed that
her company is just our subject, but she refused to disclose any information of
the subject for confidential reasons, and she also declined to transfer the
phone to others.
We cannot obtain other valid contact
information of the subject from public files according to the supplied name or
address.
Up to date of report, we failed to get the
operation information of subject. If you can supply further information such as
other telephone number, we’d like to have the investigation resumed.
We found subject’s registration information as
follows for reference.
Note: Subject declined to disclose principal
activities and its staff number, and from other source we can’t obtain the information,
either.
Subject was incorporated on
2010-4-16 with registered number 25120994 as Joint Stock 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 |
|
Kexin Lin |
100,000 |
Core Management
Directors
|
1 |
||
|
Name |
Kexin Lin |
|
|
Position |
Board Chairman |
|
|
2 |
||
|
Name |
Anxuan Feng |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Xinliang Lin |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Lianfu Lin |
|
|
Position |
Supervisor |
|
Offices & Factories
We cannot confirm subject’s current trading address at this stage.
Operation Information
The registered activities of subject:
|
Business Code |
Details |
|
A101020 |
Crop cultivation industry |
|
A101030 |
Special crop cultivation industry |
|
A101040 |
Edible mushrooms cultivation industry |
|
A101050 |
Flower cultivation industry |
|
A102020 |
Agricultural products
processing industry |
|
A102050 |
Crop cultivation services |
|
A102060 |
Food industry |
|
A199990 |
Other agricultural |
|
A201030 |
Special trees management industry |
|
A201040 |
Forest recreation spots |
|
A202010 |
Wildlife industry |
|
A299990 |
Other forestry |
|
A401020 |
Livestock and poultry breeding industry |
|
B101010 |
Coal-mining industry |
|
B102010 |
Oil and natural gas mining |
|
B201010 |
Metal mining industry |
|
B202010 |
Non-metal mining industry |
|
B601010 |
Earth-rock take industry |
|
C201010 |
Manufacturing of feed |
|
C801110 |
Manufacturing of fertilizer |
|
C802060 |
Manufacturing of veterinary drugs |
|
C802070 |
Manufacturing of pesticide |
|
C802080 |
Manufacturing of circumstantial drug use |
|
C802090 |
Manufacturing of cleaning supplies |
|
C901040 |
Manufacturing of premixed concrete |
|
C901050 |
Manufacturing of cement and concrete products |
|
C901070 |
Manufacturing of stone products |
|
C901990 |
Manufacturing of other non-metallic mineral products |
|
D101040 |
Power generation beyond belong to the public |
|
D101050 |
Electricity, a total of profession |
|
D301010 |
Tap water spots |
|
D401010 |
Heat supply industry |
|
D501010 |
Hot spring industry for taking |
|
E401010 |
The dredging industry |
|
E599010 |
Piping engineering |
|
E801010 |
Interior decorating businesses |
|
E801070 |
Kitchen, bathroom equipment installation engineering |
|
E901010 |
Paint engineering |
|
EZ99990 |
Other engineering |
|
F101040 |
Manufacturing of livestock and poultry |
|
F101050 |
Wholesale of aquatic product |
|
F101100 |
Wholesale of flower |
|
F101120 |
Wholesale of pet fish |
|
F101130 |
Wholesale of vegetable and fruit |
|
F101980 |
Wholesale of other animal |
|
F101990 |
Wholesale of other agriculture, livestock and aquatic products |
|
F102020 |
Wholesale of edible fat |
|
F102030 |
Wholesale of tobacco and alcohol |
|
F102040 |
Wholesale of drink |
|
F102050 |
Wholesale of tea |
|
F102170 |
Wholesale of food and miscellaneous goods |
|
F103010 |
Wholesale of feed |
|
F104110 |
Wholesale of cloth, clothing, shoes, hats, umbrellas, clothing and
accessories |
|
F105050 |
Wholesale of furniture, bedding, kitchen appliances, installation
products |
|
F106010 |
Wholesale of hardware |
|
F106020 |
Wholesale of daily necessities |
|
F107010 |
Wholesale of paint, coating |
|
F107020 |
Wholesale of dyes, pigments |
|
F107030 |
Wholesale of cleaning supplies |
|
F107050 |
Wholesale of fertilizer |
|
F107080 |
Wholesale of environmental agents |
|
F107190 |
Wholesale of plastic film, bag |
|
F107200 |
Wholesale of chemicals raw material |
|
F107990 |
Wholesale of other chemicals |
|
F108040 |
Wholesale of cosmetic |
|
F109070 |
Wholesale of stationery, musical instrument and recreational supplies |
|
F110010 |
Wholesale of clocks and watches |
|
F110020 |
Wholesale of glasses |
|
F111090 |
Wholesale of building Materials |
|
F112030 |
Wholesale of charcoal |
|
F113010 |
Wholesale of machinery |
|
F113020 |
Wholesale of electric equipment |
|
F113030 |
Wholesale of precision instruments |
|
F113050 |
Wholesale of computer
equipment and transactional |
|
F113070 |
Wholesale of telecommunications equipment |
|
F113110 |
Wholesale of batteries |
|
F113990 |
Wholesale of other mechanical appliances |
|
F114030 |
Wholesale of car and
motorcycle parts |
|
F114050 |
Wholesale of tyre |
|
F114060 |
Wholesale of ship and related components |
|
F114080 |
Wholesale of rail vehicles and parts |
|
F114990 |
Wholesale of other means of transport and its parts |
|
F115010 |
Wholesale of Jewelry & Precious Metals |
|
F115020 |
Wholesale of ore |
|
F116010 |
Wholesale of photographic equipment |
|
F118010 |
Wholesale of
IT software |
|
F119010 |
Wholesale of
electronic materials |
|
F199010 |
Wholesale of recovered
materials |
|
F199990 |
Other wholesale industries |
|
F201010 |
Retail of agricultural products |
|
F201020 |
Retail of livestock |
|
F201030 |
Retail of aquatic |
|
F201070 |
Retail of flower |
|
F201090 |
Retail of pet fish |
|
F201990 |
Retail of other agriculture and aquatic products |
|
F202010 |
Retail of feed |
|
F203010 |
Retail of food and drink |
|
F203020 |
Retail of tobacco and alcohol |
|
F204110 |
Retail of cloth,
clothing, shoes, hats, umbrellas, clothing and accessories |
|
F205040 |
Retail of furniture, bedding, kitchen utensils, installation products |
|
F206020 |
Retail of daily necessities |
|
F207030 |
Retail of cleaning supplies |
|
F207050 |
Retail of fertilizer |
|
F207080 |
Retail of environmental agents |
|
F208040 |
Retail of cosmetic |
|
F208050 |
Retail of B class medicine |
|
F209060 |
Retail of stationery, musical instrument and recreational supplies |
|
F211010 |
Retail of construction material |
|
F214990 |
Retail of other instruments of transport and parts |
|
F215010 |
Retail of Jewelry & Precious Metals |
|
F215020 |
Retail of ore |
|
F218010 |
Retail of IT software |
|
F219010 |
Retail of electronic materials |
|
F299990 |
Other retail industry |
|
F301010 |
Department store industry |
|
F301020 |
Supermarket industry |
|
F399010 |
Convenience store industry |
|
F399040 |
No store retail business |
|
F399990 |
Other comprehensive retail |
|
F401010 |
International trade industry |
|
F501030 |
Beverage store industry |
|
F501050 |
The hospitality industry |
|
F501060 |
Restaurant industry |
|
F501990 |
Other food and beverage industry |
|
F601010 |
The intellectual property industry |
|
G202010 |
Parking management industry |
|
G409010 |
Industrial specialized port spots |
|
G409020 |
Industrial port or industrial wharves tally industry of the ship |
|
G409030 |
Industrial port or industrial wharves cargo handling on the ship |
|
G702010 |
Shipping service contracting industry |
|
G801010 |
Warehousing business |
|
H701010 |
Rental housing and building development and rental industry |
|
H701020 |
Industrial factories development and rental industry |
|
H701040 |
Specific professional area development industry |
|
H701050 |
Invest in the construction industry |
|
H701060 |
A new town, the new community development industry |
|
H701070 |
Collect and urban land consolidation redraw agent industry section |
|
H701080 |
Urban renewal rebuilding industry |
|
H703090 |
Property sales industry |
|
H703100 |
Property rental industry |
|
HZ02010 |
Financial institutions money debt buying business |
|
HZ99990 |
Other financial, insurance and real estate industry |
|
I102010 |
Investment and consultancy business |
|
I103060 |
Management consultant business |
|
I199990 |
Other advisory services |
|
I301010 |
IT software services |
|
I401010 |
General advertising services |
|
I501010 |
Products designing industry |
|
I503010 |
Landscape, interior design industry |
|
I599990 |
Other designing industry |
|
IG01010 |
Biological technology services |
|
IG02010 |
Research and development services |
|
IG03010 |
Energy services industry |
|
IZ06010 |
Packaging industry |
|
IZ12010 |
Staffing industry |
|
J101010 |
Building cleaning services |
|
J101030 |
Waste collection industry |
|
J101040 |
Waste disposal industry |
|
J101060 |
Waste (sewage) water treatment industry |
|
J101080 |
Resources recycling industry |
|
J101090 |
Waste disposal industry |
|
J701020 |
The amusement park industry |
|
J701040 |
Leisure venues |
|
J701080 |
Water recreation activity spots |
|
J901020 |
General hotel industry |
|
JA02990 |
Other repair industry |
|
JB01010 |
Convention and exhibition services |
|
JE01010 |
leasing industry |
|
JZ99030 |
Photography industry |
|
JZ99050 |
Agency services |
|
JZ99080 |
Hairdressing services |
|
JZ99110 |
Thin body beauty industry |
|
JZ99990 |
Unclassified other services |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
We cannot obtain any
operation of the subject from public files according to the supplied name or
address. Since the subject declined to disclose its operation information, the
relevant information is not available from other resources.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Since the subject declined to disclose the
settlement information, the relevant information is not available from any
other 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.
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.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.11 |
|
|
1 |
Rs.99.50 |
|
Euro |
1 |
Rs.74.24 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
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 |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
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 |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
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.