MIRA INFORM REPORT

 

 

Report No. :

490069

Report Date :

09.02.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

WLH GLOBAL TRADING INC.

 

 

Registered Office :

1F., No.341, Ln. 721, Sec. 6, Gongxue Rd., Annan Dist., Tainan City 709,  (R.O.C.)

 

 

Country :

Taiwan

 

 

Date of Incorporation :

31.01.2011

 

 

Com. Reg. No.:

53234652

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Trading of Fruits.

 

 

No. of Employees :

About 10 Employees

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

 

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

 

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

 

Country Name

Previous Rating

(30.06.2017)

Current Rating

(30.09.2017)

Taiwan

A1

A1

 

Risk Category

ECGC

Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

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.

 

Source : CIA

 

 

 

Contact Points

 

Company Name:

WLH Global Trading Inc.

Supplied Name:

WLH GLOBAL TRADING INC

Trading Address:

No.236 Zhongshan Road, Luzhu Dist. Kaohsiung City, 821 Taiwan (R.O.C.)

Supplied Address:

No. 341, Ln 721, Sec 6, Gongxue Rd, Annan Dist, Tainan City 709 (R.O.C)

Telephone Number:

+886-7-696-6137

Fax Number:

+886-7-697-1041

E-mail:

info@wlhgt.com

Notes: The exact name and address are as above; the supplied address belongs to subject’s registered address.

 

 

Company Identification Details

 

Registered Name:

WLH Global Trading Inc.

Registered Address:

1F., No.341, Ln. 721, Sec. 6, Gongxue Rd., Annan Dist., Tainan City 709, Taiwan (R.O.C.)

Date of Foundation:

2011-1-31

Registration Number:

53234652

Registry:

Economic Development Board of Kaohsiung City Government

Registered Capital:

NTD 5,000,000 (USD 150,000)

(As of 2018.2, 1 NTD = 0.03 USD)

Paid-up Capital:

NTD 5,000,000 (USD 150,000)

Legal Representatives:

Baijun Wang

Legal Form:

Joint Stock Company

Principal Activities:

Trading of Fruits.

Staff:

About 10 Employees

Listed at Stock Exchange:

No

Date of Last Annual Return:

2016-10-17

 

 

History

 

Subject was incorporated on 2011-1-31 with registered number 53234652 as Joint Stock Company in Taiwan.

 

 

Corporate Structure

 

Major Related Company

Registered Name:

SCH Group of Company

Registered Address:

2F., No.23, Wen Shien Rd., Gangshan Dist., Kaohsiung City 820, Taiwan (R.O.C.)

Date of Foundation:

1981-6-16

Registration Number:

88693870

Telephone Number:

+886-7-696-6137

Fax Number:

+886-7-697-1041

 

 

Shareholders

 

Major Shareholders

 

           

Name

Subscription Shares
Baijun Wang

200,000

Sulan Wangcai

100,000

Shuqing Wang

100,000

Dingkun Huang

100,000

 

 

Management Information

 

Core Management

 

Directors

1

Name

Baijun Wang

Position

Board Chairman

2

Name

Sulan Wangcai

Position

Director

3

Name

Shuqing Wang

Position

Director

4

Name

Dingkun Huang

Position

Supervisor

 

Operation Information

 

 

Headquarters

Add

No.236 Zhongshan Road, Luzhu Dist. Kaohsiung City, 821 Taiwan (R.O.C.)

 

 

Production Information

 

Subject is a trader of fruits, etc without any production activities.

 

Purchase Information

 

The registered activities of subject:

Business Code

Details

F101130

Wholesale of vegetable and fruit

F101990

Wholesale of other agriculture, animal, aquatic product

F102170

Wholesale of grocery

F201010

Retail of agriculture product

F203010

Retail of food grocery and beverage

F399040

No store retail

F401010

International trade business

ZZ99999

Besides licensed business, all other business items those are not banned or restricted.

 

Subject purchases products mainly from abroad such as USA, Japan, Chile, Korea, Italy and so on.

 

Sales Information

 

Subject is engaged in sale of fruits, etc.

Subject’s major products include apples, grapes, cherries, peaches and nectarine, etc.

Subject’s sales region is mainly in Taiwan domestic market.

It is introduced that subject also provide renting, trading and repairing services of powered stackers and etc.

It is introduced that subject is selling products with brands such as

Subject’s major customers are retailers, stores and individuals, etc.

 

Import and export right:

Import right

Yes

Export right

Yes

 

 

Settlements

 

Purchase

 

Domestic Purchase

 

Subject has little domestic purchase.

 

Import

Products

Fruits, etc

Payment Terms

T/T, etc

 

Sales

 

Domestic Markets

Product

Fruits, etc

Selling Terms

Cash, T/T, etc

 

Export

 

Subject has little export.

 

 

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 Ms. Wang 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

Name

Ms. Wang

Department

Sales Department

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 64.16

UK Pound

1

INR 89.19

Euro

1

INR 78.75

TWD

1

INR 2.19

Note: Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

VAR

 

 

Report Prepared by :

NIT

 

 

 

RATING EXPLANATIONS

 

Credit Rating

 

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

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)

 

 

 

 

 

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