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MIRA INFORM REPORT
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Report No. : |
485843 |
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Report Date : |
18.01.2018 |
IDENTIFICATION DETAILS
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Name : |
YOUHOME INTERNATIONAL LLC |
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Formerly Known As : |
YOUHOME BUSINESS INC. |
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Registered Office : |
9F-1, No. 20, Ningxia Road, Datong District,
Taipei City |
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Country : |
Taiwan |
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Date of Incorporation : |
25.03.2009 |
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Com. Reg. No.: |
24375914 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of Ceramic Cup. |
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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
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Company Name: |
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Supplied Name: |
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Trading Address: |
9F-1, No. 20, Ningxia Road, Datong District,
Taipei City, Taiwan |
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Supplied Address: |
9f-1, no.20, ningxia Rd, datong Dist, Taipei
City, New Taipei City, Northern Taiwan, 103, |
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Telephone Number: |
+886-2-25523180 +886-921423853 |
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Fax Number: |
Notes: Subject’s exact
name and address are as above.
Company
Identification Details
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Registered Name: |
Youhome International LLC |
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Registered Address: |
9F-1, No. 20, Ningxia Road, Datong District, Taipei City, Taiwan |
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Date of Foundation: |
2009-3-25 |
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Registration Number: |
24375914 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2018.1, 1 NTD = 0.03 USD)
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Legal Representatives: |
Mingzhu Xu |
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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: |
Note: Subject declined to disclose the number of staff, and from other source
we cannot obtain the information, either.
History
Subject was incorporated on 2009-3-25 with registered number 24375914 as Private Limited Liability
Company in Taiwan.
Change of Name
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Former English
Name: |
Youhome Business Inc. |
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Current English
Name: |
Youhome International LLC |
Corporate
Structure
Subject did not
register any subsidiaries or branches; from other source we could not obtain
the relevant information, either.
Shareholders
Major Shareholders
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Name |
Subscription Amount |
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Mingzhu Xu |
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2,000,000 |
Management
Information
Core Management
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Name: |
Mingzhu Xu |
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Position: |
Director |
Operation
Information
Offices &
Factories
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Headquarters |
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Add |
9F-1, No. 20,
Ningxia Road, Datong District, Taipei City, Taiwan |
Production
Information
Subject is a trader
of ceramic cup, etc. without any
production activities.
It is introduced
that subject has cooperative factories in Taiwan.
Purchase
Information
The
registered activities of subject:
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Business Code |
Details |
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F401010 |
international
trade |
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F102170 |
food wholesaling |
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F105050 |
Wholesaling of
furniture, bedding, kitchen utensils, installation products |
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F106010 |
hardware
wholesaling |
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F106020 |
daily necessities
wholesaling |
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F113070 |
Telecommunications
equipment wholesaling |
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F115010 |
Wholesaling of
jewellery and precious metal |
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F109070 |
Wholesaling of stationery,
musical instruments, entertainment supplies |
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F204110 |
retailing of
cloth, clothing, shoes, hats, umbrellas, clothing and accessories |
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F104110 |
Wholesaling of
cloth, clothing, shoes, hats, umbrellas, clothing and accessories |
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F107190 |
plastic film and
bag wholesaling |
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F399040 |
store free
retailing |
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I103060 |
management
consultant service |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
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JB01010 |
Conference and exhibition
services |
The products of the
subject are mostly purchased at home.
Subject is engaged in sale of ceramic
cup, etc.
The major products
of subject are ceramic cup, ceramic bowl, blue and white porcelain cup,
blue-and-white porcelain, colored glaze cup and so on.
Subject’s sales
regions are Taiwan, Mainland China, America, etc.
Subject’s major
customers are porcelain shop,
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 |
Ceramic cup, etc. |
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Payment Terms |
T/T, Cash, etc. |
Import
Subject has little
import.
Domestic Markets
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Product |
Ceramic cup, etc. |
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Selling Terms |
T/T, Cash, etc. |
Export
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Product |
Ceramic cup, 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
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 |
Ms. Xu |
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Department |
Sales Department |
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Email |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.98 |
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1 |
INR 88.13 |
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Euro |
1 |
INR 78.35 |
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TWD |
1 |
INR 2.16 |
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 : |
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
·
Company
background and operations size
·
Promoters
/ Management background
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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.