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CRIF Hong Kong Limited


CHINA CREDIT INFORMATION SERVICE, LTD.
INVESTIGATION REPORT
Report Date: Apr. 11, 2024
GIVEN INFORMATION
Case No.: 2404120056
Subject Number: C1730xxx
Your Ref.: O3000586939
Given Name: xxxx電股份有限公司;xxxxxxx Co., LTD
Remark: See report for subject's correct English name.
xxx, NO. xxx xxxxxx RD., ZHONGHE DIST., NEW TAIPEI CITY 235,
Given Address:
TAIWAN, R.O.C.
Remark: Given address is registered address and actual operating office address.

SUMMARY
CCIS Rating: B-
CCIS Risk Index: H1
Chinese Name: xxx電股份有限公司
English Name: xxxx CO., LTD.
Trend: There is still room for further improvement.

CREDIT SCORING INDUSTRY AVERAGE SCORE RADAR CHART


Industry
Item Standard Score Average
Score
Administration
Organizational Background &
1~20 15 16
Management
Facilities & Business
1~25 14 16
Performance
Finance
Safe Ratio(Financial and
1~15 9 8
Solvency Status)
Capital Turnover 1~10 3 6
Profitability 1~10 3 3
Operation & Circumstances
Current Situation 1~10 6 6
Contact transaction 1~5 3 3
Prospect 1~5 3 3

Total 100 56 61
Note: The Industry Average Score is the average among inquired enterprises in the latest six months. And the score can
vary according to different industries.

2
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
NEGATIVE NEWS OVERVIEW RECORD(S) INDUSTRY SCORE COMPARISON CHART
Chattel Mortgage Record 0
Dishonored Account Record 0
Dishonored Account Record of
0
Chief Executive
Forbidden Bidder Record 0
Litigation Record 0

CREDIT SCORE TRACKING IN PAST THREE YEARS

CCIS FINANCIAL EARLY WARNING & SCORING SYSTEM

Note:CCIS Financial Early Warning & Scoring System is evaluated according to subject's financial performances in the
past three years together with the financial prediction for the coming six months based on subject’s current
performances; furthermore, there is also the three-year comparison from the average of peers from CCIS General
Financial Analysis.
No financial prediction chart is available for financial insurance, securities & futures, investment, real estate,
rental and installment industries, organizations and offshore companies because the business character is unique.

3
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
BASIC INFORMATION
Chinese Name: xxx電股份有限公司
English Name: xxx CO., LTD.
xxxxxxxxxxxxxxxxRd., Zhonghe District, New Taipei City, Taiwan,
Registered Address:
R.O.C.
xxxxxxxxxxxxxxxxxxxxxx., Zhonghe District, New Taipei City, Taiwan,
Communication Address:R.O.C.
E-Mail: xxxxxxxxxxxx@xxx.com.tw
Tel.: 02-2223-xxxx
Fax: 02-2223-xxxx
Company Status: Active
Registration No.: 2884xxxx
Registered Authority: New Taipei City Government
Paid-in Capital: TWD 51,000 (UNIT: TWD 1,000)
Legal Representative: LEE, xxxx
No. of Employees: 18 (data from a job bank website)
Established: Feb. 04, 2008
Business Type: Service Industry (ELECTRONIC PARTS & COMPONENTS WHOLESALE)
4652(Wholesale of electronic and telecommunications equipment and
NACE CODE:
parts)
SIC CODE: 5065(Electronic Parts and Equipment, Not Elsewhere Classified)
Business Size: Small and medium enterprise
Legal Form: Share limited company

FACTORY OR BRANCH OFFICE


Actual operating address
Address: xxxxxxxxxxxxxxxxxxx Rd., Zhonghe District, New Taipei City, Taiwan, R.O.C.
Tel: 02-2223-xxxx
Fax: 02-2223-xxxx

MAJOR AFFILIATE(S)
◎ xxxxxx ENTERPRISE CO., LTD.
Registration No.: 2089xxxx
STOCK CODE: xxxx
Person-in-Charge: TANG, xxxxxxx
Major Business Activities: Agency of electronic components

4
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
xxxxx SMARTTHINGS CO., LTD.
Registration No.: 2241xxxx
Person-in-Charge: LEE, xxxxxx
Major Business Activities: Manufacturing of electroniccomponents
xxxxxxxxxxxx CO., LTD.
Registration No.: 2843xxxx
Trade of electrical appliances, precision devices, computers and office
Major Business Activities:
machines
Note: ◎ denotes that the affiliate is subject’s parent company.

HISTORY
Subject's name has not been changed since its establishment.

BUSINESS ACTIVITIES AT PRESENT


Import and export of electronic components; agency of systems

VARIATION OF CAPITAL(UNIT: TWD 1,000)


Date Registered Capital Paid-in Capital Capital Source
Feb. 04, 2008 20,000 20,000 Incorporation
Apr. 2011 85,000 85,000 Capital increase
Apr. 2018 85,000 68,000 Capital decrease
Jun. 2019 85,000 51,000 Capital decrease

COMPANY STRUCTURE
Non-Family Enterprise

DIRECTORS & SUPERVISORS


Investment
Percentage
Position Name Amount
of Total
(UNIT: TWD 1,000)
Rep. of xxxxxxxxxxxx ENTERPRISE CO., 51,000 100.00
LTD. Chairperson LEE, xxxxxxxxx
Director TANG, xxxxxxxxxx
Director HUANG, xxxxxxxxx
Supervisor WU, xxxxxxxxxxx

5
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
Shareholder
Investment Amount Percentage
Name Position
(UNIT: TWD 1,000) of Total
xxxxxxxxxxxx ENTERPRISE CO., Chairperson 51,000 100.00

LTD.
MANAGEMENT
Founder: xxxxxxxxxxx ENTERPRISE CO., LTD.
Chairperson-cum-General Manager - LEE, xxxxxxxxxx
Gender: Male
Relationship with Founder: Professional manager
Participates in Operation: Yes
Note:The above management information is based on indirect sources.
For details about the company of which the management serves as the chairperson (if there is
any), please refer to major affiliates.

BUILDING REGISTRATION
Actual operating address
Building: 3,489.91 ㎡
Rented
Note:The above property right information is provided by local land administration
authority/indirect sources. For your reference only.
1.The above information excludes building without the first registration of building's
ownership.

MORTGAGE OF TANGIBLE ASSETS RECORDS


Subject has been reported no mortgage record on its tangible assets.
Note: The above information is based on the data obtained from the concerned authorities.

BUSINESS RESULTS 2020 - 2022: (UNIT: TWD 1,000)


Item\Year 2022 % 2021 % 2020 %
Operating
10,370 100.00 23,716 100.00 30,113 100.00
revenue
Total 10,370 100.00 23,716 100.00 30,113 100.00
Growth (%) -56.27 % -21.24 % - %

NET REVENUE OF 2022 BY PRODUCT: (UNIT: TWD 1,000)


Main Object Amount %
Electronic components 10,370 100.00

6
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
BUSINESS PERFORMANCE Jan. 2023 ~ Dec. 2023 : (UNIT: TWD 1,000) NA

TRADE REFERENCES: (OVERSEAS SUPPLIERS)


Electronic components, Software
Area Japan
Percentage of Total Purchase(%) NA
Payment Terms: Conclusion of contract days 100%.

TRADE REFERENCES: (LOCAL CUSTOMERS)


Electronic components
Customers: xxxxCORPORATION
Registration No.: 1600xxxx
Collection Terms: Conclusion of contract 100%
Collection record: NA
Percentage of Total Sales: NA
Electronic components
Customers: MANUFACTURERS
Collection Terms: Conclusion of contract 100%
Collection record: NA
Percentage of Total Sales: NA

TRADE REFERENCES: (OVERSEAS CUSTOMERS)


Electronic components
Area Japan
Percentage of Total Sales(%) NA
Collection Terms: Conclusion of contract 100%.

BANKS
NA

DISHONORED BANKING RECORD


No dishonored banking record of subject has been found.
No dishonored banking record of subject's Chairperson-cum-General Manager has been found.
Data Validity: Apr. 05, 2024.
Note:Given that the dishonored check may be paid off, and the notation of payoff may be
completed by subject later, along with restrictions imposed by the information source or
update date, the provided information may not be complete. The above information is
available only for reference.

7
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
WATCH LIST
Subject was not found in the Watch List.
The sources are the Dow Jones database and the official websites in various countries. This is for
reference only.

BIDDING FORBIDDEN RECORD


Subject has not been listed as a forbidden bidder for government purchases.
Note:The above information is based on the announcement by concerned government authorities
such as Public Construction Commission, Executive Yuan, which is for your reference only.

PUBLIC LITIGATION RECORD


Subject has not been reported any court judgment records in the last two years.
Note:The above information is based on the announcement by Judicial Yuan. Only up to 20 latest
records are provided for your reference only.

REGISTRATION OF PATENTS
Subject’s registration of patents in recent 5 years is as follows:

Note: The above information is based on the data obtained from the concerned authorities. The
number of registration of patents does not include the data before subject changed name. This is for
reference only.

REGISTRATION OF TRADEMARKS:
Subject has no registration of trademarks including those expired.
Note: The above information is based on the data obtained from the concerned authorities. The number of
registration of trademarks does not include the data before subject changed name. This is for reference
only.

8
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
BUSINESS STATUS
Subject is belonged to xxxxxxxx Group
Name of Core Company: xxxxxxxxxxxxxENTERPRISE CO., LTD.
Ranking of Total Assets of the Group: 252
No. of Affiliates of the Group: 32
Total Assets of the Group (TWD 1,000,000): 17,865
Net Profit After Tax of the Group (TWD 1,000,000): 1,557
The above information is based on CCIS 2023 Business Groups in Taiwan.

IMPORT & EXPORT VALUE


2023 2022 2021
Export Value (USD 1,000,000) 0-0.5 0 0
Import Value (USD 1,000,000) 1-2 0-0.5 0-0.5
Note: The above information is from International Trade Administration, Ministry of Economic
Affairs.

INDIVIDUAL FINANCIAL PROFILEFOR YEARS 2022-2020: (UNIT: TWD 1,000)


Financial Index 12/31/2022 % 12/31/2021 % 12/31/2020 %
Paid-In Capital 51,000 90 51,000 82 51,000 85
Net Worth 54,692 97 57,765 93 52,756 88
Total Liabilities 1,909 3 4,419 7 7,246 12
Total Assets 56,601 100 62,184 100 60,002 100

BUSINESS PERFORMANCE FOR YEARS 2022-2020: (UNIT: TWD 1,000)


2022/01 - 2021/01 - 2020/01 -
Financial Index % % %
2022/12 2021/12 2020/12
Net Revenue 10,370 23,716 30,113
Operating Income -1,720 -17 -384 -2 497 2
Net Income -3,073 -30 5,010 21 2,300 8
Please note that the above financial figures are:
2022 : based on the annual report of the parent company.
2021 : based on the annual report of the parent company.
2020 : based on the annual report of the parent company.
Note: Parent company: xxxxxxxxxx ENTERPRISE CO., LTD. (stock code: xxxx).

9
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
Note:
1.Paid-in Capital Ratio%=Paid-in Capital/Total Assets*100%
2.Net Worth Ratio%= Net Worth /Total Assets *100%
3.Total Debt Ratio%=Total Liabilities/Total Assets *100%
4.Total Assets Ratio%= Total Assets /Total Assets *100%
5.Operating Income Ratio%=Operating Income/Net Revenue*100%
6.Net Income Ratio%= Net Income / Net Revenue*100%

NET INCOME Jan. 2023 ~ Dec. 2023 : (UNIT: TWD 1,000) 2,224

FINANCIAL INDICATION OF INDUSTRY


Industrial Code: 620400 (ELECTRONIC PARTS & COMPONENTS WHOLESALE)
2022
Item THE MAJOR FINANCIAL RATIOS
MEDIAN
Financial Structure Analysis Debt to Assets (%) 41.33
Long Term Funds To Fixed Assets (%) 1,631.22
Liquidity Analysis Current Ratio (%) 153.21
Quick Ratio (%) 115.99
Interest Coverage Ratio (Times) 26.83
Operating Performance Analysis Receivable Turnover (Times) 4.81
Average Collection Period 75.95
Inventory Turnover (Times) 7.18
Average Days to Sell Inventory 50.84
Fixed Assets Turnover (Times) 17.99
Total Assets Turnover (Times) 0.82
Payable Turnover (Times) 6.42
Average Payment Period 57.00
Equity turnover(Times) 1.22
Return On Investment Analysis Return On Total Assets (%) 5.85
Return On Net Worth (%) 11.74
Operating Income Ratio (%) 2.89
Income Before Tax To Paid up Capital (%) 22.84
Net Income Ratio(%) 6.49
Gross profit margin(%) 15.54
Cash Flow Analysis Cash Flow Ratio (%) 13.60
Cash Reinvestment Ratio (%) 1.60
The above information is based on the data from General Corporation Financial Analysis in Taiwan
in 2023 published by CCIS.

10
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
IMPORTANT NEWS FROM THE MEDIA
※Date xxxx. 07, 2024
Title Subject signs agency contract of xxxx with xxxxxxxxxxxxxxx TECHNOLOGY
Source CO., LTD. Economic Daily News
Note: The above information is based on media/newspaper report. Only up to 20 latest records are
provided for your reference only.

GENERAL INFORMATION
I. INDUSTRIAL TREND
Import & Export Trade
According to the statistics of customs import and export trade issued by Ministry of Finance, total
export sum from Jan. to Feb. 2024 reached USD 68.624 billion, a 9.73% increase on year; total
import sum from Jan. to Feb. 2024 reached USD 58.242 billion, a 0.74% increase on year.

As for commodity trade structure, the top 3 imports from Jan. to Feb. 2024 were electronic
components, reaching USD 14.484 billion and accounting for 24.87% of total import sum, a 16.7%
increase on year; mineral products reached USD 9.479 billion, accounting for 16.28% with an
18.42% decrease on year; machines reached USD 4.335 billion, accounting for 7.44% with a
41.68% decrease on year. In terms of exports, the export sum of electronic components recorded
USD 25.259 billion and accounted for 36.81% of total export sum with an 1.54% decrease on year;
information communication and audiovisual products reached USD 17.929 billion and accounted
for 26.13% with an 102.54% increase; basic metals and related products reached USD 4.34 billion
and accounted for 6.32% with a 7.69% decrease.

In view of the trades with different countries (regions) from Jan. to Feb. 2024, trade surplus to
Hong Kong and Mainland China hit USD 10.106 billion, declining USD 729 million on year.
Meanwhile, trade surplus to the USA reached USD 5.611 billion and increased USD 2.155 billion.
Trade deficit to Japan hit USD 2.945 billion, an increase of USD 451 million on year. Trade deficit to
Europe hit USD 471 million, a decline of USD 849 million on year. Trade surplus to the 6 countries
in ASEAN Free Trade Area hit USD 6.474 billion, an increase of USD 2.734 billion on year.

Ministry of Finance indicated that export sum posted a growth for 4 consecutive months thanks to
the strong growth momentum from AI and other emerging technology applications. However, the
growth is slow due to tightened procurement of capital equipment and declining petrochemical
fuel price and quantity. Taiwan's exports to Europe and the USA continue growing, especially with
the growth momentum from emerging technology-related exports. The market expected that the
imports/exports from Mar. to May 2024 will rebound remarkably.

11
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
II . FINANCIAL AND SOLVENCY STATUS
Based on subject's financial year of 2022:
(Subject's 2023 financial statement hasn't been finalized, so the 2022 financial analysis is
provided.)
FINANCIAL SECURITY:
Self-own capital is adequate for operation cost; liability to asset ratio is low; financial structure is
healthy.
CAPITAL TURNOVER:
Net worth turnover is 0.19 times that indicates the self-own capital management efficiency is not
fully performed; the whole capital turnover activity is to be strengthened.
PROFITABILITY:
Cost and operating expense management ability is unsatisfactory; current business is in the red.

III. CURRENT OPERATION & PROSPECT


BUSINESS CONTENTS:
Subject is engaged in the import and export of electronic components as well as the agency of
systems. Currently, its products are mainly imported from Japan and are primarily applied to
consumer electronics, electronic semiconductors, automotive and medical fields. Subject primarily
targets the Taiwanese market, with xxxxx CORPORATION being one of its main clients. Its focus in
overseas markets is primarily on Japan, with relatively low export proportions currently.

COMPANY'S FEATURES:
Subject was founded by the parent company, xxxxxxxxxxx ENTERPRISE CO., LTD., which holds
100% of subject's shares. Subject's operations are currently managed by LEE, Jxxxxxx. The actual
business address of subject is xxxxxxxxxxxxxxxx Rd., Zhonghe District, New Taipei City, Taiwan,
R.O.C., where xxxxxxxxxxxxxx CO., LTD. (affiliate) also operates. The parent company is an
electronic component distributor, offering products, such as capacitors, semiconductor
components, computer peripherals, electronic components and system components. Its market
covers various regions worldwide. Currently, it is a listed company in Taiwan, with a certain scale
of operations and business strength.

PROSPECT:
According to the financial statement of xxxxxxxxxxxxxxENTERPRISE CO., LTD. (parent company),
subject's revenue was TWD 2.22 million in 2023, indicating effectiveness in cost and expense
control adjustments, so subject experienced a turnaround from losses to profits. Additionally, in
September 2023, subject signed a memorandum of cooperation with xxxxxxxxxxx INC., xxxxxx
Corp. and xxxxxxxxxx CO., LTD. to jointly expand into the clinical application market. Furthermore,
on April 4, 2024, subject signed an agency contract with xxxxxxxxx TECHNOLOGY CO., LTD. for
xxxxxxxxxx) power devices and power application solutions. In summary, subject actively seeks
cooperation with various enterprises and enhances market competitiveness
12
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
through technical exchanges and market cooperation, which is expected to contribute to its future
business development.

Operating Strategy for ESG:


Subject has started to promote ESG-related issues or implement related activities, and it is adjusting its
operating strategy for ESG.

Credit Line:
The suggested maximum credit is USD 350,000

OTHER REMARKS:
Subject’s financial statement is unavailable.

Information used to compose this report: up to Apr. 11, 2024


- End of Report -
IMPORTANT NOTE:
Information herein is believed to be reliable; China Credit Information Service, Ltd., however, does not warrant its
completeness or accuracy. The report is furnished in strict confidence for the inquirer's exclusive use for legitimate
purposes. CCIS is not liable for any loss, damage, or injury caused by negligence or other act or failure of CCIS in
procuring, collecting, and communicating information contained herein.

13
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
Economic Indicator

Economic Indicator
ITEM/YEAR 20222023 2024
Economic Growth Rate (%) 2.59 1.31 3.43(a)
Population (people) 23,264,640 23,420,442 23,418,053(d)
GDP Per Capita (USD) 32,625 32,327 33,783(b)
GNI Per Capita (USD) 33,624 33,299 34,745(c)
Inflation (Annual Change of Consumer Price Index %) 2.95 2.50 3.08(e)
Unemployment Rate (%) 3.67 3.48 3.39(f)
Source : Directorate General of Budget, Accounting and Statistics (DGBAS) of Executive Yuan,
Central Bank of China
Note : (a,b,c)Forecast;(d,e,f)202402

Bounced Check for Not Sufficient Funds


ITEM/YEAR 2022 2023 2024
Number 46,856 43,986 2,828
Number Percentage (%) 0.07 0.07 0.07
Amount(TWD 1,000,000) 34,927 35,162 2,629
Amount Percentage (%) 0.25 0.27 0.29
Source : Directorate General of Budget, Accounting and Statistics (DGBAS) of Executive Yuan,
Central Bank of China
Note : 202402

External Trade
ITEM/YEAR 2022 2023 2024
Export Value (USD 1,000,000) 479,522 432,479 68,624
Annual Export Growth Rate (%) 7.43 -9.79 9.73
Import Value (USD 1,000,000) 427,600 351,923 58,242
Annual Import Growth Rate (%) 11.95 -17.79 0.74
Value of Export Orders (USD 1,000,000) 666,786 561,042 86,153
Annual Growth Rate of Export Orders (%) -1.09 -15.86 -3.88
Source : Department of Statistics, Ministry of Finance
Note : 202402

14
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
APPENDIX
BUSINESS TYPES (GRADES)
Unit Base: TWD 1,000
Business Size Paid-In Capital Net Revenue Number of Employees
Super Large >=3,000,000 >= 10,000,000 >=5,000
>=500,000 >=1,000,000 >=1,000
Large < 3,000,000 < 10,000,000 < 5,000
>=100,000 >=100,000 >=200
Medium < 500,000 < 1,000,000 < 1,000
>=5,000 >= 10,000 >=5
Medium Small
< 100,000 < 100,000 < 200
Small < 5,000 < 10,000 <5

Notes: 1. The grade is determined by referencing two of three categories above (paid-up capital, number of
employees and net revenue).
2. If only two of the three categories above (paid-up capital, number of employees and net revenue) are
available, the highest position in the table for the three categories above would refer to the grade.

SCORE CRITERIA FOR CREDIT RATING

Factor Criterion Score


Management Factors Organizational Background/Management Capability 45
Facilities & Sales
Financial Factors Financial Stability 35
Turnover Capability
Profitability/Earning Ability
Economy Factors Trade Reference 20
Current Operation
Future Prospect
Total 100

Notes: 1.A score of 10 will be added or deducted from the Organizational Background category when any favorable
or unfavorable record with the subject or its person-in-charge is identified.
2.If it hasn't been 1 year since subject was established or subject disbanded, suspended business, credit score
is not suggested.

RATING & CORRESPONDING COMMENT

Score Rating Corresponding Comment


90~100 AA Superior credit worthiness. Business transactions can be undertaken with high confidence.
80~89 A Good credit worthiness. Under the present conditions, business transactions can be undertaken with
confidence.
70~79 B+ Satisfactory credit worthiness. Normal business transactions are feasible under the present conditions.
60~69 B Fair credit worthiness. Business transactions are recommended to be undertaken on a secured basis.
Average credit worthiness. The company’s limited assets demand that caution be exercised whenever
50~59 B-
undertaking sizable transactions.
30~49 C Unsatisfactory credit worthiness or insufficient credit information. Caution must be exercised when
engaging in any business transactions.
0~29 C- Poor credit worthiness or insufficient credit information. Cash transactions are recommended.

15
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.
CCIS RISK INDEX

1.Trade volume can be increased by 21~30%.


2.Credit line can be increased by 21~30%.
L1
3.In the case of an initial transaction, the trade volume and credit line with the
subject can be 21~30% higher than those for average customers.
1.Trade volume can be increased by 16~20%.
2.Credit line can be increased by 16~20%.
SAFE L2
3.In the case of an initial transaction, the trade volume and credit line with the
subject can be 16~20% higher than those for average customers.
1.Trade volume can be increased by 11~15%.
2.Credit line can be increased by 11~15%.
L3
3.In the case of an initial transaction, the trade volume and credit line with the
subject can be 11~15% higher than those for average customers.
1.Trade volume can be increased by 6~10%.
2.Credit line can be increased by 6~10%.
M1
3.In the case of an initial transaction, the trade volume and credit line with the
subject can be 6~10% higher than those for average customers.
1.Trade volume can be increased by 5%.
OBSERVING M2 2.Credit line can be increased by 5%.
3.In the case of an initial transaction, the trade volume and credit line with the
subject can be 5% higher than those for average customers.
1.It is recommended to keep the trade volume unchanged.
2.It is recommended to keep the credit line unchanged.
M3
3.In the case of an initial transaction, the trade volume and credit line with the
subject should be in par with those for customers of the same business size.
1.Trade volume should be decreased by 20~30%.
2.Credit line should be decreased by 20~30%.
H1
3.In the case of an initial transaction, the trade volume and credit line with the
subject should be 20~30% lower than those for average customers.
1.Trade volume should be decreased by more than 30%, and transactions with the
subject may warrant suspension.
H2 2.A credit line should not be granted.
DANGEROUS
3.It is recommended to immediately secure methods of payment for better
protection.
1.Business transaction with the subject is not recommended other than payment
of cash in advance.
H3 2.No credit line should be granted.
3.It is recommended to immediately secure methods of payment and to recall
receivables and debts.
The credit risk is not sufficiently known. Caution should be exercised when doing
NA
business with the subject.

16
Note: * denotes that the English names are translated based on sound, meaning or concept.
Note: Financial figures are calculated by rounding.

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