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MIRA
INFORM REPORT
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Report No. : |
494117 |
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Report Date : |
28.02.2018 |
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Given name is supplied name of the company.
IDENTIFICATION DETAILS
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Name : |
NEWLAND TAIWAN INCORPORATED |
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Formerly Known As : |
DIGIT PROFESSIONAL ASIA LTD. |
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Registered Office : |
7F.-6, No.268, Liancheng Rd., Zhonghe Dist.,
New Taipei City 235, Taiwan (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
21.01.2008 |
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Com. Reg. No.: |
28917453 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of Fixed Mount Scanner, etc. |
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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 : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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Status : |
Satisfactory |
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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
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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
Notes: The exact name and address are as above.
Company Identification Details
Note: the subject declined to disclose the number
of staff, and from other source, we cannot obtain the related information,
either.
History
Subject was incorporated
on 2008-1-21 with registered number 28917453 as Joint Stock Company in Taiwan.
Change of Name
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Former Chinese Name: |
帝普科技有限公司 |
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Current Chinese Name: |
臺灣新大陸資訊科技股份有限公司 |
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Former English Name: |
DIGIT PROFESSIONAL ASIA LTD. |
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Current English Name: |
NEWLAND TAIWAN INCORPORATED |
Corporate Structure
Related Companies
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1 |
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Name |
Newland Auto-ID Tech. Co., Ltd. |
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Address |
No.1 Rujiang West Rd., Mawei, Fuzhou, Fujian 350001, China |
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Telephone Number |
+86-591-83978605 |
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Fax Number |
+86-591-83979216 |
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Email: |
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2 |
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Name |
Newland Europe BV. |
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Address |
Rolweg 25, 4104 AV Culemborg, The Netherlands |
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Telephone Number |
+31 345 87 00 33 |
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Fax Number |
+31 345 87 00 39 |
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3 |
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Name |
Newland North America Inc. |
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Address |
46559 Fremont Blvd., Fremont, CA 94538, USA |
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Telephone Number |
+1 510 490 3888 |
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Fax Number |
+1 510 490 3887 |
Shareholders
Major Shareholders
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Name |
Subscription Shares |
| Fujian Newland Computer
Co., Ltd. (Literal Translation) |
2,311,295 |
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Sliedrecht Investments Holding B. V. |
256,808 |
Management Information
Core Management
Directors
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1 |
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Name |
Jing Wang |
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Position |
Chairman of the Board |
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2 |
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Name |
Dong Guo |
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Position |
Director |
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3 |
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Name |
Pieter Hendrik Sliedrecht |
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Position |
Director |
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4 |
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Name |
Yingru Chen |
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Position |
Supervisor |
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Operation Information
Offices & Factories
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Headquarters |
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Add |
7F.-6, No.268, Liancheng Rd., Zhonghe Dist., New Taipei City 235,
Taiwan (R.O.C.) |
Production Information
Subject is a trader of fixed mount scanner, etc. without any production
activities.
It is introduced that subject’s related company has a factory in the
Mainland of China for production.
Purchase Information
The registered activities of subject:
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Business Code |
Details |
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F119010 |
Wholesale of electronic materials (only for 4642 Electronic equipment
and its components wholesale industry classified by Taiwan) |
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F113050 |
Wholesale of computer and transactional machine equipment (only for
4641 wholesale of computer and related parts, software and 4644 office machines classified by Taiwan) |
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F118010 |
Wholesale of software (only for 4641 wholesale of computer and related
parts, software classified by Taiwan) |
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F213030 |
Transactional machine equipment retail (only for 4831 retail of
computer and related parts, software classified by Taiwan) |
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F218010 |
Retail of software (only for 4831 retail of computer and related
parts, software classified by Taiwan) |
The products of the subject are mainly purchased in the mainland of
China.
Subject is engaged in sale of fixed mount
scanner, etc.
The major products are fixed mount scanner, desktop scanner, focus
scanner, handheld scanner, impact printer, etc.
Subject’s sales regions cover domestic market and abroad.
Subject’s major customers are retailers of scanners and direct users,
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 |
Fixed mount scanner, etc. |
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Payment Terms |
T/T, Cash, interior settlement, etc. |
Import
Subject has little import.
Domestic Markets
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Product |
Fixed mount scanner, etc. |
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Selling Terms |
T/T, Cash, etc. |
Export
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Product |
Fixed mount scanner, etc. |
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Selling Terms |
L/C, T/T, 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
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Name |
E. Sun Commercial Bank |
Note: The supplied information: Account number
0107-441-709706 Swift Code: ESUNTWTP Intermediary Bank: CITIUS33 is not
confirmed from any source.
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 |
Ms. Chen |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 64.85 |
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1 |
INR 90.58 |
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Euro |
1 |
INR 79.97 |
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TWD |
1 |
INR 2.22 |
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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VIV |
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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
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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.