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Report No. : |
345509 |
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Report Date : |
23.10.2015 |
IDENTIFICATION DETAILS
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Name : |
SHINE E INDUSTRIES CO., LTD. |
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Registered Office : |
4F., No.56, Chang-An W. Rd., Datong Dist., |
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Country : |
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Date of Incorporation : |
05.02.2002 |
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Com. Reg. No.: |
13085038 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of Chemicals. |
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No. of Employees : |
About 10 |
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 : |
Small Company |
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Payment Behaviour : |
No Complaints |
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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) |
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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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Trading Address: |
1F, No.190-2,
Min Chuan Rd., Luzhou Dist., New Taipei City ,Taiwan |
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Supplied Address: |
1F NO.190-2,MIN
CHUAN RD LUZHOU DIST., NEW TAIPEI CITY 247 TAIWAN |
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Telephone Number: |
+886-2-2288-3940 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as
above.
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Registered Name: |
Shine E Industries Co., Ltd. |
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Registered Address: |
4F., No.56, Chang-An W. Rd., Datong Dist., Taipei City 10351, Taiwan (R.O.C.) |
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Date of Foundation: |
2002-2-5 |
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Registration Number: |
13085038 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2015.10, 1 NTD = 0.031 USD) |
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Legal Representatives: |
Youqi 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: |
Subject was incorporated
on 2002-2-5 with registered number 13085038
as Private Limited Liability Company in Taiwan.
Change of Name
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Former English Name |
Shine E Industris
Co., Ltd. |
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Current English Name |
Shine E Industries Co., Ltd. |
Subject did not introduce whether it has any subsidiaries or branches,
from other source we cannot obtain the relevant information, either.
Major Shareholders
|
Name |
Subscription Amount |
|
Youqi Zhang |
10,800,000 |
Core Management
Directors
|
Name |
Youqi Zhang |
|
Position |
Director |
Personnel Structure
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Total Employees |
About 10 Employees |
Offices & Factories
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Headquarters |
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Add |
1F, No.190-2, Min Chuan Rd., Luzhou Dist.,
New Taipei City ,Taiwan |
Production Information
Subject is a trader of chemicals and etc without any production
activities.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
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F119010 |
Wholesale of electronic material |
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F219010 |
Retail of electronic material |
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F401010 |
International trade business |
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I401010 |
Advertising service |
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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 purchases from the mainland of China, India,
Taiwan, and other Asian countries.
It is introduced that the company named “Guangxi
Mingli Group Co., Ltd.” in the mainland of China is
one of subject’s suppliers.
It is introduced that subject the subject is an agent of the Fire
Pharmacy Products of the company named “Lishu
Biochemical Technology Co., Ltd.”.
Subject is engaged in sale of chemicals and
etc.
Subject’s sales regions include China, Southeast Asia, Europe, America
and etc.
Subject’s major customers are electronic industry, metal processing
industry, printing industry and etc.
It is introduced that the company named “Fang Chemicals Inc, etc” is one
of subject’s customers.
Major Products
|
Series |
Items |
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Phos series |
Phosphoric Acid 85% Food grade Phosphoric Acid 85% Tech grade Phosphoric Acid 85% LCD/IC grade Yellow Phosphorous Red Phosphorous |
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Sodium & Acid series |
Sodium Sulphate Anhydrous Sodium Acetate Sodium Chloride Sodium Formate Sodium Nitrate Sodium Sulfide Sodium Hydroxide Sodium Silicoflouride Momo-Sodium Phosphate Anhydrous Sodium Triphosphate Sodium Hydrosulphite Formic Acid Oxalic Acid Sulphur Acid Nitrate Acid Citric Acid |
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Fertilizer Series |
Mono Potassium Phosphate(MKP) Mono-Ammonium Phosphate(MAP) Di-Ammonium Phosphate(DAP) Zinc Sulphate Ammonium Sulphate |
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Others & Mine |
Calcium Chloride Disodium Carbonate(Soda Ash) Tapioca Flour Coal |
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Paper |
Art paper, machine finished paper, wood-free printing and writing
paper, newsprint, and Bible paper. |
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Fire Pharmacy |
Fire Extinguishing Serum Dissolvable Tiny-Foamed Fire Extinguishing Serum, called |
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Products |
Chemicals |
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Payment Terms |
T/T, Cash |
Import
|
Products |
Chemicals |
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Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Chemicals |
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Selling Terms |
T/T, Cash |
Export
|
Product |
Chemicals |
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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
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.15 |
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|
1 |
Rs.100.54 |
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Euro |
1 |
Rs.73.97 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
TPT |
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.