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MIRA
INFORM REPORT
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Report No. : |
505387 |
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Report Date : |
27.04.2018 |
IDENTIFICATION DETAILS
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Name : |
NISHH THAA TRADING COMPANY LTD. |
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Registered Office : |
10/F-3, No.142, Sec. 2, Chang-An E. Rd.,
Zhongshan Dist., Taipei City 10491, Taiwan (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
19.06.2006 |
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Com. Reg. No.: |
28194294 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
From public files, we cannot obtain any
operation information of the subject According to the telephone interview,
Subject’s relevant staff introduced that subject is engaged in international
trade of a wide range of products but he declined to disclose further
information to us. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
C |
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Credit Rating |
Explanation |
Rating Comments |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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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 Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
TAIWAN - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy that is driven largely by
industrial manufacturing, and especially exports of electronics, machinery, and
petrochemicals. This heavy dependence on exports exposes the economy to fluctuations
in global demand. Taiwan's diplomatic isolation, low birth rate, rapidly aging
population, and increasing competition from China and other Asia Pacific
markets are other major long-term challenges.
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 of that year, 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 uncertain. President
TSAI since taking office in May 2016 has promoted greater economic integration
with South and Southeast Asia through the New Southbound Policy initiative and
has also expressed interest in Taiwan joining the Trans-Pacific Partnership as
well as bilateral trade deals with partners such as the US. These overtures
have likely played a role in increasing Taiwan’s total exports, which rose 11%
during the first half of 2017, buoyed by strong demand for semiconductors.
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 with many economies, including China and
the US, 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 and has also
secured greater market access for its investors on 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 renminbi (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 opportunities for Taiwan’s
economy but also pose challenges as political differences remain unresolved and
China’s economic growth is slowing. President TSAI’s administration has made
little progress on the domestic economic issues that loomed large when she was
elected, including concerns about stagnant wages, high housing prices, youth
unemployment, job security, and financial security in retirement. TSAI has made
more progress on boosting trade with South and Southeast Asia, however, which
may help insulate Taiwan’s economy from a fall in mainland demand should
China’s growth slow in 2018.
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Source
: CIA |
Contact Points
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Company Name: |
NISHH THAA TRADING COMPANY LTD. |
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Supplied Name: |
NISHH THAA TRADING CO LTD |
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Supplied Address: |
CHANG AN E ROAD, SEC -2, NO 142, 10 FLR -3,
TAIPEI, |
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Telephone Number: |
+886-2-2752-9630 |
Notes: The exact name is as above. Subject declined to disclose its trading
address to us.
Special Note
We cannot find subject’s any operation
information in Taiwan through public files according to supplied name and
address.
According to the supplied name, we found a
telephone number +886-2-2752-9630. We tried to dial the number and a man
answered the phone said his company is Nishh Thaa Trading Company Ltd. He
introduced that his company is engaged in international trade but he declined
to disclose further information and he also declined to transfer the phone to other
colleagues.
Up to now, we cannot confirm the detailed
operation information of subject.
We found subject’s registration information as
follows for reference.
Company Identification Details
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Registered Address: |
10/F-3, No.142, Sec. 2, Chang-An E. Rd.,
Zhongshan Dist., Taipei City 10491, Taiwan (R.O.C.) |
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Date of Foundation: |
2006-6-19 |
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Registration Number: |
28194294 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2018.4, 1 NTD = 0.034 USD) |
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Legal Representatives: |
Jiating Maide |
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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.
History
Subject was incorporated
on 2006-6-19 with registered number 28194294
as Private Limited Liability Company in Taiwan.
Corporate Structure
Subject did not register any subsidiaries or branches; from other source
we could not obtain the relevant information, either.
Shareholder
Major Shareholder
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Name |
Subscription Amount |
| Jiating Maide |
5,000,000 |
Management Information
Core Management
Directors
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1 |
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Name |
Jiating Maide |
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Position |
Director |
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2 |
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Name |
Dineshchandra Mulchand Mehta |
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Position |
Manager |
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Date of Appointment |
2018-3-26 |
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Operation Information
Offices & Factories
Subject declined
to disclose the location of its trading address, thus we cannot confirm subject
current trading address at this stage.
Operation Information
From public files, we cannot obtain any
operation information of the subject
According to the telephone interview,
Subject’s relevant staff introduced that subject is engaged in international
trade of a wide range of products but he declined to disclose further
information to us.
Settlements
Subject declined to disclose its settlement
information to us.
Financial Information
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.
Bankers
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public Record
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.
Special Note
Interview Details
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Name |
The Operator |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.83 |
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1 |
INR 93.17 |
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Euro |
1 |
INR 81.37 |
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TWD |
1 |
INR 2.25 |
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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PRI |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.