|
Report No. : |
340967 |
|
Report Date : |
19.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
JOY NATURE INT'L LTD |
|
|
|
|
Registered Office : |
1/F., No. 427, Kangning St., Xizhi Dist.,
New Taipei City |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
12.04.2004 |
|
|
|
|
Com. Reg. No.: |
80696396 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Not Available |
|
|
|
|
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: |
No 57 Alley 6
Lane 79 Hua Hsun St, Chungli City Taoyuan Hsien 320 |
The registered files show subject is in
closure period.
According to the supplied name, we found a
telephone number +886-3-465-1645 from public files. We tried to contact subject
through it, but it said the telephone number is not available.
According to the supplied name, we found another
mobile number +86-150-5169-1630 in Mainland China. We tried to contact it, and
a man answered the phone said the subject is his company. He introduced that
the business entity of subject is in Mainland China now, and the Taiwan office
is mainly engaged in accounting without any order. The man also introduced that
his company is mainly engaged in manufacturing and sales of sanitary products
components, etc. Since we failed to contact Taiwan office directly, the
information cannot be confirmed.
We found subject’s registered files from local
registry, supplying as following for reference.
|
Registered Name: |
Joy Nature Int'l Ltd |
|
Registered Address: |
1/F., No. 427, Kangning St., Xizhi Dist., New
Taipei City, Taiwan |
|
Date of Foundation: |
2004-04-12 |
|
Date of Closure (Start): |
2015-03-25 |
|
Date of Closure (End): |
2016-03-25 |
|
Registration Number: |
80696396 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
(As of 2015.9, 1 NTD = 0.0305 USD) |
|
Legal Representatives: |
Minhui Ji |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Note: Since we failed to contact with subject, the principle activities and
staff number is not available from any source.
Subject was incorporated
on 2004-04-12 with registered number 80696396
as Private Limited Liability Company in Taiwan.
Office
|
Name: |
Jiangsu Office |
|
Address: |
Room 202,Unit 1,Building no. 39,Zhengyi Fuzeyuan, Kunshan City,
Jiangsu Province, China. 215300 |
|
Mobile Number: |
+86-150-5169-1630 |
|
Contact Person: |
Mr. Xiao |
|
E-mail: |
Note: The office information above is introduced by Mr. Xiao which is not
been confirmed.
Major Shareholder
|
Name |
Subscription Amount |
|
Minhui Ji |
|
|
1,000,000 |
Core Management
Director
|
Name |
Minhui Ji |
|
Position |
Director |
Offices & Factories
We cannot confirm
subject current trading address at this stage.
Operation Information
The registered activities of subject:
|
Business Code |
Details |
|
F208040 |
Retail of cosmetic |
|
F209010 |
Retail of book and stationery |
|
F209030 |
Retail of toy and recreational goods |
|
F218010 |
Retail of software |
|
F301030 |
General merchandise industry |
|
F401010 |
International trade business |
|
I103020 |
Consultant of preschool education |
|
J304010 |
Book publishing |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
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 get in touch with subject, 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.65.93 |
|
|
1 |
Rs.102.75 |
|
Euro |
1 |
Rs.75.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIT |
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.