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MIRA INFORM REPORT
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Report No. : |
489690 |
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Report Date : |
09.02.2018 |
IDENTIFICATION DETAILS
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Name : |
GO UNLIMITED CO., LTD. |
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Formerly Known As : |
GLAXY CO., LTD. |
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Registered Office : |
No.427, Shan Ping Rd., Lunping Lin, Guanyin
Dist., Taoyuan City 32846, (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
24.09.2014 |
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Com. Reg. No.: |
24750740 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of related components for lighting
equipment. |
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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 : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring 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 (30.06.2017) |
Current Rating (30.09.2017) |
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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.
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. Domestic economic issues loomed large in public debate ahead of the January 2016 presidential and legislative elections, including concerns about stagnant wages, high housing prices, youth unemployment, job security, and financial security in retirement.
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Source
: CIA |
Contact Points
Notes: The exact name and
address are as above.
Company Identification Details
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Registered Name: |
Go Unlimited Co., Ltd. |
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Registered Address: |
No.427, Shan Ping Rd., Lunping Lin, Guanyin Dist., Taoyuan City 32846,
Taiwan (R.O.C.) |
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Date of Foundation: |
2014-9-24 |
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Registration Number: |
24750740 |
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Registry: |
Taoyuan City Government |
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Registered Capital: |
(As of 2018.02, 1 NTD = 0.03 USD) |
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Legal Representatives: |
Jialin Chen |
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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 2014-9-24 with registered number 24750740 as Private Limited Liability
Company in Taiwan.
Change of Name
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Former English
Name: |
Glaxy Co., Ltd. |
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Current English
Name: |
Go Unlimited Co., Ltd. |
Corporate Structure
Major Related
Company
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Name |
Yongtek Co., Ltd. |
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Registration
Number |
25008697 |
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Address |
12F, No.86-2, Yiwen 1st St., Taoyuan Dist., Taoyuan City 33045, Taiwan
(R.O.C.) |
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Tel |
+886-3-316-0666 |
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Fax |
+886-3-316-0655 |
Shareholders
Major Shareholders
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Name |
Subscription
Amount |
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Jialin Chen |
5,000,000 |
Management Information
Core Management
Directors
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Name |
Jialin Chen |
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Position |
Director |
Operation Information
Offices &
Factories
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Headquarters |
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Add |
12F, No.86-2,
Yiwen 1st St., Taoyuan Dist., Taoyuan City 33045, Taiwan (R.O.C.) |
Production Information
Subject is a
trader of related components for
lighting equipment, etc without any production activities.
Purchase Information
The registered
activities of subject:
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Business Code |
Details |
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F204110 |
Cloth, clothing,
shoes, hats, umbrellas, apparel retail |
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F104110 |
Cloth, clothing,
shoes, hats, umbrellas, apparel wholesale industry |
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F208040 |
Cosmetics retail |
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F205040 |
Furniture,
bedding, kitchen utensils retail |
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F108040 |
Cosmetics
wholesale industry |
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F105050 |
Furniture,
bedding, kitchen utensils, accessories wholesale business |
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F215010 |
Jewelry and
precious metal retailing |
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F115010 |
Jewelry and
precious metal wholesale trade |
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F203010 |
Food goods and
beverage retail |
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F209060 |
Culture,
education, musical instruments, sports goods retail industry |
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F102170 |
Food and
beverage wholesale industry |
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F206020 |
Daily
necessities retail |
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F106020 |
Wholesale of
daily necessities |
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F109070 |
Culture,
education, musical instruments, musical instruments wholesale industry |
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F206010 |
Hardware retail
industry |
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F113020 |
Electrical
wholesale industry |
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F106010 |
Hardware
wholesale industry |
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CC01040 |
Lighting
equipment manufacturing |
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E603090 |
Lighting
installation engineering |
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F203020 |
Tobacco and wine
retail |
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F203030 |
Alcohol
retailing |
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F501030 |
Beverage store
industry |
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F401010 |
International
trading business. |
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C805010 |
Plastic skin,
cloth, board, pipe manufacturing |
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C805030 |
Plastic daily
necessities manufacturing industry |
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C805050 |
Industrial
plastic products manufacturing industry |
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CC01080 |
Electronic
components manufacturing |
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F119010 |
Electronic
materials wholesale business |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
Subject purchases
its components and etc both at home and abroad.
Subject is engaged in sale of
related components for lighting equipment, etc.
The major products
include diffuser sheet, optical film, plastic tube/profile, GPPS Pattern
sheet, decorative sky celling panel and etc.
Subject’s sales
regions include Asia and etc.
Subject’s major
customers are electronic industry, LED industry and etc.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
PURCHASE
Domestic
Purchase
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Products |
Related components for lighting equipment, etc. |
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Payment Terms |
Cash, T/T and etc |
Import
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Products |
Related components for lighting equipment, etc. |
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Payment Terms |
L/C, T/T and etc |
SALES
Domestic
Markets
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Product |
Related components for lighting equipment, etc. |
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Selling Terms |
Cash, T/T and etc |
Export
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Product |
Related components for lighting equipment, etc. |
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Selling Terms |
L/C, T/T and etc |
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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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.16 |
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1 |
INR 89.19 |
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Euro |
1 |
INR 78.75 |
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TWD |
1 |
INR 2.19 |
Note: Above are approximate rates obtained from sources believed to be
correct
INFORMATION DETAILS
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Analysis Done
by : |
PRI |
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Report Prepared
by : |
NIT |
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
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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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.