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Report Date : |
12.11.2012 |
IDENTIFICATION DETAILS
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Name : |
ALLPIONEER INTERNATIONAL TRADING COMPANY |
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Registered Office : |
No. 769, Section 2, |
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Country : |
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Date of Incorporation : |
16.07.2004 |
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Com. Reg. No.: |
27400155 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Import, export and marketing for its group |
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No. of Employees : |
Over 1,000 employees (Group) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 – 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 |
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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 |
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
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Company Name: |
Allpioneer International Trading Company |
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Supplied Name: |
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Trading Address: |
No. 769, Section 2, Chung Shan Road, Hua Tan
Township, Changhua County, Taiwan R.O.C |
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Supplied Address: |
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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.
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Credit Opinion: |
|
Registered Name: |
ALLPIONEER
INTERNATIONAL TRADING COMPANY |
|
Registered Address: |
No. 769, Section 2, Chung Shan Road, Hua Tan Township, Changhua County,
Taiwan R.O.C |
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Date of Foundation: |
|
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Registration Number: |
27400155 |
|
Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2012.11, 1 NTD = 0.0339 USD) |
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Paid-up Capital: |
NTD 16,000,000 (USD 542,400) |
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Legal Representatives: |
Chongrang Wu |
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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: |
Subject was incorporated on
|
Name |
Subscription Shares |
|
All Try Investment Co., Ltd |
16,000 |
The information above is that of subject’s major shareholders.
Related Companies
and institution in the same group
|
1 |
|
|
Name |
Tsuang Hine Oil
Seal Corporation Ltd |
|
address |
No. 769, Section
2, Chung Shan Rd. Changhua Hsien, Taiwan , R.O.C. |
|
Tel: |
+886-4-7629256 |
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Fax: |
+886-4-7629518 |
|
2 |
|
|
Name |
All Try
Industrial Corporation |
|
address |
No. 769, Section
2, Chung Shan Rd. Changhua Hsien, Taiwan , R.O.C. |
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Tel: |
+886-4-7610127 |
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Fax: |
+886-4-7639860 |
|
3 |
|
|
Name |
PT. Tsuang Hine
Industrial |
|
address |
Delta Silicon
Industrial Park, Block L3-06, Lippo Cikarang Bekasi 17550, Indonesia |
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Tel: |
+62-21-89908866 |
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Fax: |
+62-21-89908666 |
|
4 |
|
|
Name |
Trillium
Education Institute |
Core
Management
|
1 |
|
|
Name |
Chongrang Wu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Yusheng Lin |
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Position |
Director |
|
3 |
|
|
Name |
Lizhu Zhang |
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Position |
Director |
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4 |
|
|
Name |
Muji Chen |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
Over 1,000 employees
(Group) |
Offices
& Factories
|
|
Headquarters |
|
Add |
No. 769, Section 2, Chung Shan Road, Hua Tan Township, Changhua County,
Taiwan R.O.C |
Production
Information
l
Subject is engaged in import, export and overseas
marketing business for ATC group.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International Trading Business |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases auto
parts, oil seal
products both at home and abroad from its related companies in the same group
|
Product |
Major Supplier |
|
Auto parts (seat headrest, instrument Panel,
overhead Control systems, sunroof systems, Car Roof Liner) |
All Try Industrial Corporation |
|
Oil Seal |
Tsuang Hine Oil Seal Corporation Ltd |
|
Seat, spring, disk Brake, sprocket Gear Oil Seal,
Bush & Rubber Parts, Motor & Mobil parts etc |
PT. Tsuang Hine Industrial |
l
The subject is mainly engaged in sales of auto parts, oil
seal products, etc
l
Subject’s products are both sold in domestic and
overseas market
Major products and
customers
|
Product |
Customers |
|
Seat Headrest |
Ford Motor Co Suzuki Mitsubishi Daihatsu Toyota Motor Co. Honda Motor Mazda |
|
Instrument
Panel |
Formosa/Daewoo Daihatsu DaimlerChrysler General Motor Suzuki |
|
Overhead Control Systems |
Formosa/Daewoo Ford Motor Co Honda Motor Mitsubishi |
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Sunroof Systems |
Mazda Motor Co. Ford Motor Co Toyota Motor Co. Honda Motor Nissan |
|
Car Roof Liner |
Formosa/Daewoo Honda Motor Ford Motor Co Mazda Motor Co. Missan Volkswagen Inc. Suzuki General Motors Renault Peugeot DaimlerChrysler Citroen |
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Oil Seal |
-- |
|
Seat, spring, disk Brake, sprocket Gear Oil Seal,
Bush & Rubber Parts, Motor & Mobil parts etc |
-- |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Auto parts and
oil seal, etc |
Interior
Settlement, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Auto parts and
oil seal, etc |
Interior Settlement,
etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Auto parts and
oil seal, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Auto parts and
oil seal, etc |
CBD, etc |
100% |
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 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.54.34 |
|
UK Pound |
1 |
Rs.86.97 |
|
Euro |
1 |
Rs.69.43 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>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 |
|
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 |
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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 |
|
<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.