|
Report Date : |
13.10.2012 |
IDENTIFICATION DETAILS
|
Name : |
GREAT ALPS INDUSTRY CO., LTD. |
|
|
|
|
Registered Office : |
13F-1, No.10, Sec.1, Keelung Rd., Taipei |
|
|
|
|
Country : |
Taiwan |
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|
|
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Date of Incorporation : |
21.10.1994 |
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|
|
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Com. Reg. No.: |
89283608 |
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|
|
|
Legal Form : |
Joint Stock Company |
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|
|
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Line of Business : |
Trading of clothing, footwear, and bags, etc |
|
|
|
|
No. of Employees : |
About 200 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 Complaints |
|
Litigation : |
Exists |
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: |
Great Alps Industry Co., Ltd. |
|
Supplied Name: |
|
|
Trading Address: |
11th Floor, No.32, Sec 3, Bade
Road, Songshan District, Taipei City, Taiwan, R.O.C. |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2570-0918 |
|
Fax Number: |
|
|
Website: |
Notes: The supplied address belongs to subject’s registered address and the exact name and address are as above.
|
Credit Opinion: |
|
Registered Name: |
Great Alps Industry Co., Ltd. |
|
Registered Address: |
13F-1, No.10, Sec.1, Keelung Rd., Taipei, Taiwan, R.O.C. |
|
Date of Foundation: |
1994-10-21 |
|
Registration Number: |
89283608 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 30,000,000
(USD 1,023,000) (As of 2012.10, 1 NTD = 0.0341 USD) |
|
Paid-up Capital: |
NTD 30,000,000 (USD 1,023,000) |
|
Legal Representatives: |
Zhidong Xu |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject was incorporated on 1994-10-21 with registered number 89283608 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Zhenfa Wu |
2 |
|
Zhenhua Wu |
|
|
2 |
|
|
Ossia International Ltd |
2,999,994 |
The information above is that of subject’s major shareholders.
Related Company
|
Name |
Ossia
International Ltd |
|
Address |
10 Changi South
Lane, Singapore 468162 |
|
Telephone Number |
+65-6543-1133 |
|
Fax Number |
+65-6543-5800 |
|
Listed at Stock
Exchange: |
Yes; Stock Symbol: SGX:O08 |
|
Introduction |
Marketing and distribution of sporting goods, golf equipment, footwear
accessories and apparel, and investment holding |
Branch Companies
|
1 |
|
|
Name |
Taida Branch |
|
Registered
Address |
1st
Floor, No.96-3, Sec 3, Xinsheng South Road, Da-An District, Taipei City,
Taiwan |
|
Registration
Number |
53927872 |
|
Date of
Registration |
2012-9-3 |
|
Status |
Live Company |
|
Manager Name |
Zhidong Xu |
|
Date of Last
Annual Return |
-- |
|
2 |
|
|
Name |
Neihu Carrefour
Branch |
|
Registered
Address |
No.88, Minshan
Road, Neihu District, Taipei City, Taiwan |
|
Registration
Number |
53768163 |
|
Date of
Registration |
2012-5-25 |
|
Status |
Live Company |
|
Manager Name |
Zhidong Xu |
|
Date of Last
Annual Return |
-- |
|
3 |
|
|
Name |
Shilin Branch |
|
Registered
Address |
1st
Floor, No.167 Wenlin Road, Shilin District, Taipei City, Taiwan |
|
Registration
Number |
53752177 |
|
Date of
Registration |
2012-4-2 |
|
Status |
Live Company |
|
Manager Name |
Zhidong Xu |
|
Date of Last
Annual Return |
-- |
|
4 |
|
|
Name |
Minsheng East
Road Branch |
|
Registered
Address |
1st
Floor, No.107, Sec 5, Minsheng East Road, Songshan District, Taipei City,
Taiwan |
|
Registration Number |
53528397 |
|
Date of
Registration |
2011-8-18 |
|
Status |
Live Company |
|
Manager Name |
Zhidong Xu |
|
Date of Last
Annual Return |
-- |
|
5 |
|
|
Name |
Lijing Branch |
|
Registered
Address |
B2F., No.3, Lane
39, Sec 2, Zhongshan North Road, Zhongshan District, Taipei City Taiwan |
|
Registration
Number |
53320930 |
|
Date of
Registration |
2011-3-18 |
|
Status |
Live Company |
|
Manager Name |
Zhidong Xu |
|
Date of Last
Annual Return |
-- |
|
6 |
|
|
Name |
Xinyi Yi Branch |
|
Registered
Address |
1st
Floor, No.126, Sec 3, Xinyi Road, Da-An District Taipei City, Taiwan |
|
Registration
Number |
25116345 |
|
Date of
Registration |
2010-4-1 |
|
Status |
Live Company |
|
Manager Name |
Zhidong Xu |
|
Date of Last Annual
Return |
-- |
|
7 |
|
|
Name |
Renai Branch |
|
Registered
Address |
No.144, Sec3,
Renai Road, Da-An District, Taipei City |
|
Registration
Number |
28172117 |
|
Date of
Registration |
2006-4-10 |
|
Status |
Live Company |
|
Manager Name |
Zhidong Xu |
|
Date of Last
Annual Return |
-- |
|
8 |
|
|
Name |
Tianmu Branch |
|
Registered
Address |
No.165, Sec 6,
Zhongshan North Road, Shilin District, Taipei City, Taiwan |
|
Registration
Number |
28007594 |
|
Date of
Registration |
2006-3-21 |
|
Status |
Live Company |
|
Manager Name |
Zhidong Xu |
|
Date of Last
Annual Return |
-- |
|
9 |
|
|
Name |
Xinyi Branch |
|
Registered
Address |
1st
Floor, No.178,Sec 3, Xinyi Road, Da-An District, Taipei City, Taiwan |
|
Registration
Number |
27755796 |
|
Date of
Registration |
2005-8-4 |
|
Status |
Live Company |
|
Manager Name |
Zhidong Xu |
|
Date of Last
Annual Return |
-- |
Core
Management
|
1 |
|
|
Name |
Zhidong Xu |
|
Position |
Board Director |
|
2 |
|
|
Name |
Zhenfa Wu |
|
Position |
Director |
|
3 |
|
|
Name |
Zhenhua Wu |
|
Position |
Director |
|
4 |
|
|
Name |
Baliang Xu |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 200 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
11th Floor, No.32, Sec 3, Bade Road, Songshan District,
Taipei City, Taiwan, R.O.C. |
l
Subject is a trader of clothing, footwear, and bags
etc without any production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing, processing, and sales of all kinds
of sports goods and protective clothing |
|
-- |
Manufacturing, processing, and sales of all kinds
of clothing and footwear |
|
-- |
Manufacturing, processing, and sales of all kinds of
handbag, knapsack, and haversack |
|
-- |
Manufacturing, processing, and sales of book, magazine,
glasses, toy, and badge (except gambling product, sexual electronic toy and
peashooter) |
|
-- |
Import and export of above products |
|
-- |
Agent, price quoting, bidding service, Import,
export and marketing of all kinds of above mentioned items. |
l
Subject’s purchases products mainly from abroad
such as USA, UK, and Europe, etc.
l
Subject is engaged in sales of clothing, footwear,
and bags, etc.
l
Subject’s sales region is major in Taiwan domestic
market.
l
Subject is the agent of many brands such as “TUMI”,
“Mandarina Duck”, “Hedgren”, “ELLE ACTIVE”, “Benetton”, “Sisley”, “ACE”,
“Arnold Palmer”, “MLB”, “Paul Frank”, “Springfield”, “Kangol”, “Columbia”,
“Mountain HardWear”, and “Montrail”, etc.
l
It is introduced that subject sells their products
through department stores.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
Subject has little
domestic purchase.
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Clothing, footwear, and bag |
COD, CBD, etc |
100% |
Export
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 Mr. Wang 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
cannot obtain the relevant information, either.
Mortgage
No chattel
mortgage record of subject has been found within the recent 3 months.
Lawsuit
|
Trial Number: |
2012,Beijian,13729 |
|
Date of Trial: |
2012-10-4 |
|
Reason: |
Pay off debts |
|
2 |
|
|
Trial Number: |
2002, Beihaishangjian,43 |
|
Date of Trial: |
2002-12-16 |
|
Reason: |
Compensation for damages |
|
Name |
Mr. Wang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.70 |
|
UK Pound |
1 |
Rs.84.51 |
|
Euro |
1 |
Rs.68.16 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.