|
Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
TAIWAN HONDA TRADING CO., LTD. |
|
|
|
|
Registered Office : |
20F., No.39, Sec. 1, Jhonghua Rd., Jhongjheng District, Taipei City 10042 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
25.12.2002 |
|
|
|
|
Com. Reg. No.: |
80148130 |
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|
|
|
Legal Form : |
Joint Stock Company |
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|
|
|
Line of Business : |
Trading of components of motorcycle, automobile, and power equipment, etc |
|
|
|
|
No. of Employees : |
About 10 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 : |
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 (31.03.2011) |
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: |
|
|
Trading Address: |
Room B, 20F., No.39, Sec. 1, Jhonghua Rd.,
Jhongjheng District, Taipei City 10042, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2361-1620 |
|
Fax Number: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
Subject was incorporated on 2002-12-25 with registered
number 80148130 as Joint Stock Company in Taiwan.
Awards
|
Year |
Awards |
|
2010 |
Blue chip importer
and exporter |
|
2011 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit:
USD
|
Year |
Amount |
|
2010 |
20,000,000 |
|
2011 |
22,000,000 |
|
Name |
Subscription Shares |
|
Honda Trading Corporation. |
1,500,000 |
The information
above is that of subject’s major shareholders.
|
Name |
Honda Trading
Corporation. |
|
Registered
Address |
Aoyama Building 9F,
1-2-3 Kita-Aoyama, Minato-ku, Tokyo, 107-8360 Japan |
|
Date of Foundation: |
1972-3-21 |
|
Telephone Number |
+81-3-3402-1100 |
|
Fax Number |
+81-3-3402-1101 |
Office
|
Name |
Kaohsiung Office |
|
Address |
Room A5, 5F-1. No6,
Sihwei 3rd Rd, Lingya District 802 Kaohsiung City, Taiwan, R.O.C. |
|
Telephone Number |
+886-7-535-7371 |
|
Fax Number |
+886-7-535-7372 |
Related Companies
|
1 |
|
|
Name |
Honda Trading
America Corp. |
|
Address |
19210 Van Ness Ave.
Torrance, CA 90501-1102, USA |
|
Telephone Number |
+1-310-787-5000 |
|
Fax Number |
+1-310-787-5001 |
|
2 |
|
|
Name |
Honda Trading
Canada Inc. |
|
Address |
4700 Tottenham
Road, P.O.Box 6000, Alliston, Ontario, Canada L9R 1W7 |
|
Telephone Number |
+1-705-435-0172 |
|
Fax Number |
+1-705-435-0121 |
|
3 |
|
|
Name |
Honda Trading de
Mexico, S.A. de C.V. |
|
Address |
Carretera A El
Castillo No.7250 Parque Industrial El Salto, El Salto, Jalisco CP 45680,
Mexico |
|
Telephone Number |
+52-33-3688-0197 |
|
Fax Number |
+52-33-3688-1646 |
|
4 |
|
|
Name |
Honda Trading do
Brasil LTDA. |
|
Address |
Rua Dr Jose
Aureo Bustamante, 377-3゜Andar Bairro
Santo Amaro, Sao Paulo, SP, Brasil |
|
Telephone Number |
+55-119-5576-5174 |
|
Fax Number |
+55-119-5576-7131 |
|
5 |
|
|
Name |
Honda Trading de
Argentina S.A. |
|
Address |
Plenta de
Campana, Ruta Prov.6, km.195,B2804FZE-Campana, Pcia.de Buenos Aires Argentina |
|
Telephone Number |
+54-3489-403-441 |
|
6 |
|
|
Name |
Harmony
Agricultural Products Ohio, LLC. |
|
Address |
20100 Johnson
Rd. Marysville, OH 43040-9140, USA |
|
Telephone Number |
+1-937-644-8215 |
|
Fax Number |
+1-937-644-8225 |
|
7 |
|
|
Name |
Honda Trading
Europe Ltd. |
|
Address |
First Floor
Mulberry, Kembrey Park Swindon. Wiltshire Sn2 8uy, United Kingdom |
|
Telephone Number |
+44-1793-608100 |
|
Fax Number |
+44-1793-527802 |
|
8 |
|
|
Name |
Honda Trading
Romania S.R.L. |
|
Address |
Bucharest, 2nd
district, 10A Dimitrio Pompei Blvd, building P+5, 5th floor, module III,
Romania |
|
Telephone Number |
+40-317-101903 |
|
Fax Number |
+40-317-101902 |
|
9 |
|
|
Name |
Honda Dis
Ticaret Ltd. STI. |
|
Address |
Sekerpinar
Mahallesi Yanyol Sokak No.1,41420 Cayirova, Kocaeli, Turkey |
|
Telephone Number |
+90-262-648-8929 |
|
Fax Number |
+90-262-658-8730 |
|
10 |
|
|
Name |
Honda Trading
Asia Co., Ltd. |
|
Address |
152, 3rd Floor,
Indosuez House, Wireless Road, Lumpini, Pathumwan, Bangkok 10330, Thailand |
|
Telephone Number |
+66-2651-4170 |
|
Fax Number |
+66-2651-4191 |
|
11 |
|
|
Name |
Honda Trading Philippines
Corp. |
|
Address |
Phase 1 Panorama
Compound Bldg. No.4 South Science Avenue, Laguna Technopark, Binan, Laguna,
Philippines. |
|
Telephone Number |
+63-49-541-3457 |
|
Fax Number |
+63-49-541-3464 |
|
12 |
|
|
Name |
Honda Trading Corporation
India Pvt. Ltd. |
|
Address |
Plot No. 197,
Sector-4 IMT Manesar, Gurgaon- 122050(Haryana), India |
|
Telephone Number |
+91-124-4797777 |
|
Fax Number |
+ 91-124-4063800 |
|
13 |
|
|
Name |
Honda Trading
Malaysia Sdn. Bhd. |
|
Address |
Suite 4.02, 4th
Floor, Bangunan Bka, Lot 10, Jalan Astaka U8/84, Seksyen U8, 40150 Shah Alam,
Selangor, Darul Ehsan, Malaysia |
|
Telephone Number |
+60-3-7845-3734 |
|
Fax Number |
+60-3-7845-8703 |
|
14 |
|
|
Name |
Honda Trading
Vietnam Co., Ltd. |
|
Address |
5th
Floor, Sun Red River Building No.23 Phan Chu Trinh St., Hoan Kiem Dist., Ha
Noi, Vietnam |
|
Telephone Number |
+84-4-3933-4591 |
|
Fax Number |
+84-4-3933-4590 |
|
15 |
|
|
Name |
Honda Trading
(China) Co., Ltd. |
|
Address |
2201A, R&F Center,
10 Huaxia Road, Tianhe District, Guangzhou 510623, P.R.C |
|
Telephone Number |
+86-20-8732-2399 |
|
Fax Number |
+86-20-8732-2377 |
Core Management
Directors
|
1 |
|
|
Name |
Yingzhao Cunjing |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Pengzhi Daban |
|
Position |
Director |
|
3 |
|
|
Name |
Shenghao Womei |
|
Position |
Director |
|
Date of
Appointment |
2012-5-1 |
|
4 |
|
|
Name |
Dalang Dongyi |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 10 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
Room B, 20F., No.39, Sec. 1, Jhonghua Rd., Jhongjheng District, Taipei City
10042, Taiwan (R.O.C.) |
Production
Information
l
Subject is a trader of components of motorcycle, automobile, and power equipment, etc
without any production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
It is introduced that subject’s purchases products
from their group companies which are located in Taiwan and Japan, etc.
l
Subject is engaged in sales of components of
motorcycle, automobile, and power equipment, etc.
l
Subject’s sales regions include Taiwan domestic
market, other Asian countries, Europe and America, etc.
l
The components sold by subject with the brand
“Honda”.
l
Subject’s major customers are motorcycle
manufacturer and automobile manufacturer.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Components |
Interior
Settlement, COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components |
Interior
Settlement, COD, CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Components |
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’s relevant staff Ms. 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
Up to date of reporting,
no existing or latent litigation of the subject has been found.
|
Name |
Ms. Wang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.29 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.