|
Report Date : |
22.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
ANBN BUSITEK CORP. |
|
|
|
|
Registered Office : |
6F.-1, No.128, Shijian Rd.,
Banqiao Dist., New Taipei City 220, Taiwan (R.O.C.) |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
13.05.1995 |
|
|
|
|
Com. Reg. No.: |
89460462 |
|
|
|
|
Legal Form : |
Private Limited Liability
Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of
motorcycle and automobile components, etc |
|
|
|
|
No. of Employees : |
Not Available |
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 (31.03.2012) |
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: |
ANBN BUSITEK CORP. |
|
Supplied Name: |
CHAMPION WINNER INC |
|
Trading Address: |
6F.-1, No.128, Shijian Rd., Banqiao Dist., New
Taipei City 220, Taiwan (R.O.C.) |
|
Supplied Address: |
C/O 6F-1, 128 Shi Jen Road, Banchiao, New Taipei |
|
Telephone Number: |
+886-2-2729-5427 |
|
Fax Number: |
+886-2-2758-7767 |
|
Email: |
Notes: Subject’s exact name and address are as above and it
is introduced that the supplied name is the one responsible for foreign sales
business.
|
Credit Opinion: |
Business connections are permissible. |
|
Registered Name: |
ANBN BUSITEK CORP. |
|
Registered Address: |
6F.-1, No.128, Shijian Rd., Banqiao Dist., New
Taipei City 220, Taiwan (R.O.C.) |
|
Date of Foundation: |
1995-5-13 |
|
Registration Number: |
89460462 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
NTD 5,000,000
(USD 170,000) (As of 2013.02, 1 NTD = 0.0340 USD) |
|
Legal Representatives: |
Junqing Zeng |
|
Legal Form: |
|
|
Principal Activities: |
Manufacturing
and sales of motorcycle and automobile components, etc |
|
Staff: |
|
|
Listed
at Stock Exchange: |
|
|
Date
of Last Annual Return: |
Notes:
Subject declined to disclose its staff number; from other source
we cannot obtain the relevant information, either.
Subject was incorporated on
1995-5-13 with registered number 89460462 as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Junqing Zeng |
3,000,000 |
The
information above is that of subject’s major shareholders.
Core
Management
|
Name |
Junqing Zeng |
|
Position |
Director |
Offices
& Factories
|
|
Headquarters |
|
Add |
6F.-1, No.128, Shijian Rd., Banqiao Dist., New
Taipei City 220, Taiwan (R.O.C.) |
Production
Information
l
Subject is engaged in manufacturing of motorcycle and automobile
components, etc.
l
It is introduced that subject’s has a
factory in Taiwan for production.
l
Purchase
Information
l
The registered activities of subject:
|
1 |
Development, design and sales of all
kinds of automobile, motor, bicycle and its parts |
|
2 |
Sales of all kinds of hardware |
|
3 |
Sales of oil hydraulic press and its
parts |
|
4 |
Import and export business (besides
license business) |
|
5 |
Agent, price quoting, bidding service
of above mentioned items |
l
The raw materials for production are
mostly purchased in Taiwan domestic market.
l
Subject is engaged in sales of motorcycle and automobile
components, etc.
l
Subject’s sales regions include Asia,
Europe and America, etc.
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 |
|
|
Raw
materials |
COD,
CBD, etc |
100% |
Subject has
little import.
Sales
Domestic
Markets
|
Sales
Terms |
Proportion |
|
|
Motorcycle and automobile components |
COD,
CBD, etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Motorcycle and automobile 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. Xie 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. Xie |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.54.48 |
|
UK Pound |
1 |
Rs.82.71 |
|
Euro |
1 |
Rs.72.23 |
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.