MIRA INFORM REPORT
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Report Date : |
29.03.2012 |
IDENTIFICATION DETAILS
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Name : |
COSTCO PRESIDENT TAIWAN INC. |
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Registered Office : |
1F., No.656, Chung Hwa
5th Road, Kaohsiung |
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Country : |
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Date of Incorporation : |
08.02.1996 |
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Com. Reg. No.: |
96972798 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Operation of supermarkets |
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No. of Employees
: |
Over 3,000 employees (together with other five
supermarkets) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 120,000 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Taiwan |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
+886-7-338-0006 |
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Fax Number: |
Notes:
The exact subject’s name is as above mentioned.
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated on
Awards
|
Year |
Awards |
|
2008 |
Blue chip
importer and exporter |
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2009 |
Blue chip
importer and exporter |
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2010 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
Name |
Subscription Shares |
|
416,463,025 |
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|
|
|
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6,830,462 |
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|
416,463,025 |
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|
W. Craig Jelinek |
416,463,025 |
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James P. Murphy |
416,463,025 |
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333,912,013 |
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|
333,912,013 |
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333,912,013 |
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|
416,463,025 |
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6,830,462 |
The information above is that of subject’s major shareholders.
Branch Companies
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1 |
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Name |
Taoyuan Branch |
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Address |
9/F. No. 105-1,
Sec. 2, Dasing W. Rd., Taoyuan City, Taoyuan County, Taiwan (R.O.C.) |
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Registration
Number |
53026887 |
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Date of
Registration |
2012-3-7 |
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Manager Name |
|
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2 |
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|
Name |
Dashun Branch |
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Address |
Dashun 1st Rd,
Gushan District, Kaohsiung City 804, Taiwan |
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Registration
Number |
29181888 |
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Date of
Registration |
2010-9-10 |
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Date of Last
Annual Return: |
2011-7-28 |
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Manager Name |
Sihan Zhang |
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3 |
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Name |
Tainan Branch |
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Registration
Number |
28995746 |
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Date of
Registration |
2010-5-20 |
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Date of Last
Annual Return: |
2011-8-4 |
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Manager Name |
Sihan Zhang |
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4 |
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Name |
Hsinchu Branch |
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Address |
No.188, Ciyun
Road, Eastern District, Hsinchu City, Taiwan |
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Registration
Number |
28435913 |
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Date of
Registration |
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Date of Last
Annual Return: |
2009-06-06 |
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Manager Name |
Sihan Zhang |
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5 |
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Name |
Taichung Branch |
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Address |
No.289 Wenxin,
South 3rd Rd, Nantun District, Taichung City 408, Taiwan |
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Registration
Number |
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|
Date of
Registration |
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Date of Last
Annual Return: |
2007-7-23 |
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Manager Name |
Sihan Zhang |
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6 |
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Name |
Zhonghe Branch |
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Address |
2/F & 3/F.,
No.347, Second Section, Zhongshan Road, Zhonghe City, Taipei County, Taiwan |
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Registration
Number |
80033968 |
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Date of
Registration |
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Date of Last
Annual Return: |
2005-1-11 |
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Manager Name |
Sihan Zhang |
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7 |
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Name |
Xizhi Branch |
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Address |
No.158, Section
One, Datong Road, Xizhi City, Taipei County, Taiwan |
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Registration
Number |
16846757 |
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Date of
Registration |
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Date of Last
Annual Return: |
1999-12-20 |
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Manager Name |
Sihan Zhang |
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8 |
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Name |
Neihu Branch |
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Address |
1/F & 3/F.,
No.268, Section One, Jiuzong Road, Neihu District, Taipei City, Taiwan |
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Registration
Number |
16439323 |
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Date of
Registration |
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Date of Last
Annual Return: |
2010-6-18 |
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Manager Name |
Sihan Zhang |
Core
Management
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Name |
Sihan Zhang |
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Position |
Board Chairman |
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Date of
Appointment |
1996-1-24 |
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2 |
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Name |
Guanyu Wu |
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Position |
Vice Board
Chairman |
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3 |
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Name |
Nage Xin |
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Position |
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4 |
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Name |
W. Craig Jelinek |
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Position |
Director |
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5 |
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Name |
James P. Murphy |
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Position |
Director |
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6 |
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Name |
Zhenhua Wu |
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Position |
Director |
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7 |
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Name |
Huijun Xia |
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Position |
Director |
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8 |
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Name |
Mingxiang Li |
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Position |
Director |
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9 |
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Name |
Daini Fang |
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Position |
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10 |
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|
Name |
Zhenyu Xia |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
Over 3,000 Employees |
Offices
& Factories
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|
Headquarters |
|
Add |
No.656, Chung Hwa 5th Road, Qianzhen Dist., Kaohsiung City, Taiwan |
Production
Information
l
Subject is a trader of various kinds of products
without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F108021 |
Wholesales of western medicine |
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F208021 |
Retailing of western medicine |
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F108011 |
Wholesales of traditional Chinese medicine |
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F208011 |
Retailing of traditional Chinese medicine |
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F108031 |
Wholesales of medical equipment |
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F208031 |
Retailing of medical equipment |
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F101081 |
Wholesales of seedlings |
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F113061 |
Wholesales of weights and measures |
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F401021 |
Enter the industry of telecommunications control
RF equipment |
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F201061 |
Retailing of seedlings |
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F213051 |
Retailing of weights and measures |
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F203020 |
Retailing of alcohol |
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F201010 |
Retailing of agricultural products |
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A102060 |
Food business |
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F102030 |
Wholesales of alcohol |
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F401161 |
Tobacco input industry |
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F401171 |
Import of alcohol |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
Subject’s products are from all over the world.
l
The subject has a
proportion of 50% for Import
l
The subject is engaged in operations of
supermarkets.
l
Subject is a membership warehouse club with
hundreds of locations worldwide.
l
Subject’s products include personal items, outdoor
and household goods, foods, etc.
l
Subject also has its brand products.
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Subject’s brand Kirkland Series products include
frozen foods, paper supplies, vitamins, shampoos, biscuits, coffee, household
goods, luggage, batteries, clothing, cleaning supplies and more items.
l
Subject’s members can shop from the Business Delivery catalog of subject
and have products delivered.
l
Subject has two kinds of memberships, business and
gold star.
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The subject seldom
exports.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Various products, etc. |
COD, sale on credit, etc. |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Various products, etc. |
CBD, etc. |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Various products, etc. |
Cash, etc. |
100% |
Export
Notes: The subject seldom exports.
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 source we can not obtain the relevant
information, either.
Mortgage
No cattel 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.
|
Name |
Ms. Chen |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.92 |
|
UK Pound |
1 |
Rs.81.21 |
|
Euro |
1 |
Rs.67.85 |
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 |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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.