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Report Date : |
18.12.2012 |
IDENTIFICATION DETAILS
|
Name : |
AN PEI ENTERPRISE
CO., LTD |
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|
|
|
Registered Office : |
No. 11, |
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|
|
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Country : |
Taiwan |
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Date of Incorporation : |
24.12.1969 |
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|
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Com. Reg. No.: |
68212348 |
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|
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|
Legal Form : |
Joint Stock
Company |
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|
|
|
Line of Business : |
Manufacture and
sales of accumulator separators, etc |
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|
|
|
No. of Employees : |
110 Employees. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No Complaint |
|
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 – June 30th,
2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Taiwan - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually decreasing government guidance of investment and foreign trade. In keeping with this trend, some large, state-owned banks and industrial firms have been privatized. Exports, led by electronics, machinery, and petrochemicals have provided the primary impetus for economic development. This heavy dependence on exports exposes the economy to fluctuations in world demand. In 2009, Taiwan's GDP contracted 1.9%, due primarily to a 20% year-on-year decline in exports. In 2010 GDP grew 10.9%, as exports returned to the level of previous years, and in 2011, grew 5.2%. However, 2012 growth will likely be less, according to most forecasters, because of softening global demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are major long-term challenges. Free trade agreements have proliferated in East Asia over the past several years, but so far Taiwan has been excluded from this greater economic integration largely because of its diplomatic status with the exception of the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010. The MA administration has said that the ECFA will serve as a stepping stone toward trade pacts with other regional partners, and negotiations on a deal with Singapore began this year. Follow-on components of ECFA, including deals on trade in goods, services, and investment, have yet to be completed. 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 accounting for 10.9% of the island's total population as of 2011. The island runs a large trade surplus, and its foreign reserves are the world's fourth largest, behind China, Japan, and Russia. Since 2005 China has overtaken 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. Three financial memorandums of understanding, covering banking, securities, and insurance, took effect in mid-January 2010, opening the island to greater investments from the mainland's financial firms and institutional investors, and providing new opportunities for Taiwan financial firms to operate in China. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also poses new challenges as the island becomes more economically dependent on China while political differences remain unresolved.
Source : CIA
|
Company Name: |
|
|
Supplied Name: |
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|
Trading Address: |
No. 11, |
|
Supplied Address: |
No. 11, |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
Subject’s exact name and address
are as above.
Subject
was incorporated on
|
Name |
Subscription Shares |
|
Zhenjiao Zhouli |
310,046 |
|
Caiming Wang |
|
|
221,280 |
|
|
Yongchang Chen |
278,963 |
|
Jinqin Zhou |
375,102 |
|
Yijing Chen |
470,467 |
|
Junjie Chen |
240,000 |
|
Shizhen Huang |
173,526 |
|
Yaoli Huang |
254,400 |
|
CHEN MICHELLE HO |
110,000 |
|
Yongtai Chen |
242,347 |
The information above is that of subject’s major shareholders.
Related Companies
|
1 |
|
|
Name |
TIANJIN
ANPEI ENTERPRISE CO., LTD. |
|
Address: |
|
|
2 |
|
|
Name |
EAN
TECHNOLOGY( |
|
Address: |
|
Directors
|
1 |
|
|
Name |
Zhenjiao Zhouli |
|
Position |
Board Chairman & Manager |
|
Date of Appointment |
|
|
2 |
|
|
Name |
Zhizhe Wang |
|
Position |
Director |
|
3 |
|
|
Name |
Caiming Wang |
|
Position |
Director |
|
4 |
|
|
Name |
Yongchang Chen |
|
Position |
Director |
|
5 |
|
|
Name |
Jinqin Zhou |
|
Position |
Director |
|
6 |
|
|
Name |
Yijing Chen |
|
Position |
Director |
|
7 |
|
|
Name |
Junjie Chen |
|
Position |
Director |
|
8 |
|
|
Name |
Shizhen Huang |
|
Position |
Director |
|
9 |
|
|
Name |
Yaoli Huang |
|
Position |
Director |
|
10 |
|
|
Name |
CHEN MICHELLE HO |
|
Position |
Supervisor |
|
11 |
|
|
Name |
Yongtai Chen |
|
Position |
Supervisor |
|
12 |
|
|
Name |
Xinhong Wang |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About
110 Employees |
Offices
& Factories
|
|
Headquarters
|
|
Add |
No. 11, |
Production
Information
l
l
Subject is a
manufacturer of accumulator separators and other related products with the production activities
l
It is introduced that
subject has been certificated by ISO 9002 and TS16949.
Purchase
Information
l The registered activities of subject:
|
Business
Code |
Details
|
|
-- |
Manufacture
and wholesale of accumulator cell’s separator serious. |
|
-- |
Manufacture
and process of accumulator cell’s paper |
|
-- |
|
|
-- |
Sales
of Electrical hardware equipment |
|
ZZ99999
|
Besides
licensed business, all other business items those are not banned or
restricted. |
l Subject purchases raw materials and others both at home and abroad.
l The subject is mainly engaged in sales of accumulator separators, etc
l Subject’s products are both sold in domestic and overseas market and it is introduced that subject exports to other Asian Countries, etc
Major products
|
1 |
PE Separator |
|
2 |
Glass Mat |
|
3 |
SWP W/ Glass Mat |
|
4 |
LP Glass Mat |
|
5 |
PE Glass Mat Envelope Separator |
|
6 |
PE W/ Glass Mat Separator |
|
7 |
Glass Fiber Filter |
Import and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Purchase
Domestic Purchase
|
Sales Terms |
Proportion |
|
|
The components and raw materials, etc |
COD, CBD, Credit Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
The components and raw material, etc |
L/C,T/T, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Accumulator Separators, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Accumulator Separators, etc |
L/C,T/T, etc |
100% |
Subject has no obligations to disclose its
financial statements to the third party according to the relevant policy in
Subject declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Subject declined to disclose its bank
details; from other source we can not obtain the relevant information, either.
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.
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.62 |
|
UK Pound |
1 |
Rs.88.40 |
|
Euro |
1 |
Rs.71.85 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for
credit transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy.
General unfavourable factors will not cause fatal effect. Satisfactory
capability for payment of interest and principal sums |
Fairly
Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and
principal sums in default or expected to be in default upon maturity |
Limited
with full security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be
exercised |
Credit
not recommended |
|
-- |
NB |
New
Business |
-- |
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 and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit
history (10%) Market
trend (10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.