MIRA INFORM REPORT
|
Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
|
Name : |
HENG JO BEVERAGE ENTERPRISE CO., LTD. |
|
|
|
|
Registered Office : |
1F, No.204, 204-1, Chiengfu St., Wen-Shan
Dist, Taipei |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
08.04.1987 |
|
|
|
|
Com. Reg. No.: |
22435155 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Trading of all kinds of beverages. |
|
|
|
|
No. of Employees : |
About 30 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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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. 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 1.8%, due
primarily to a 13.1% year-on-year decline in exports. In 2010 GDP grew 10.7%,
as exports returned to the level of previous years, and in 2011, grew 4.0%. In
2012, however, growth fell to 1.3%, 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 except for the landmark Economic
Cooperation Framework Agreement (ECFA) signed with China in June 2010, so far Taiwan
has been excluded from this greater economic integration in part because of its
diplomatic status. Negotiations continue on such follow-on components of ECFA
regarding trade in goods and services. The MA administration has said that the
ECFA will serve as a stepping stone toward trade pacts with other key trade
partners, which Taiwan subsequently launched with Singapore and New Zealand.
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 11.2% of the island's
total population as of 2012. The island runs a large trade surplus largely
because of its surplus with China, and its foreign reserves are the world's
fifth largest, behind China, Japan, Saudi Arabia, and Russia. In 2006 China
overtook 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. In August 2012, Taiwan Central Bank signed a memorandum of
understanding on cross-Strait currency settlement with its Chinese counterpart.
The MOU allows for the direct settlement of Chinese RMB and the New Taiwan
dollar across the Strait, which could help develop Taiwan into a local RMB hub.
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
Contact Points
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
1F, No.204,
Chiengfu St., Wen-Shan Dist, Taipei, Taiwan, R.O.C. |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2935-4462 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as above.
Company Identification Details
|
Registered Name: |
Heng Jo Beverage Enterprise Co., Ltd. |
|
Registered Address: |
1F, No.204, 204-1, Chiengfu St., Wen-Shan
Dist, Taipei, Taiwan, R.O.C. |
|
Date of Foundation: |
1987-4-8 |
|
Registration Number: |
22435155 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
(As of 2013.05, 1 NTD = 0.0340 USD) |
|
Legal Representatives: |
Xiangxiu Liu |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
History
Subject was incorporated
on 1987-4-8 with registered number 22435155
as Private Limited Liability Company in Taiwan.
Shareholders
|
Name |
Subscription Amount |
|
Xiangxiu Liu |
19,000,000 |
The information above is that of subject’s major shareholders.
Subsidiaries
& Branches
Personnel Information
Core Management
Directors
|
Name |
Xiangxiu Liu |
|
Position |
Director |
Personnel Structure
|
Total Employees |
About 30 Employees |
Operation Information
Offices &
Factories
|
|
Headquarters |
|
Add |
1F, No.204, Chiengfu St., Wen-Shan Dist, Taipei, Taiwan, R.O.C. |
Production
Information
Subject is a trader of all kinds of beverages, etc without any
production activities.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Sale of foreign alcohol and tobacco |
|
-- |
Trading of all kinds of beverage (canned food) and paper |
|
-- |
Trading of daily necessities |
|
-- |
General import and export business (besides licensed business) |
|
F102030 |
Wholesale of alcohol and tobacco |
|
F203020 |
Retail of alcohol and tobacco |
|
F401161 |
Import of Import of |
|
F401171 |
Import of tobacco |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted |
Subject purchases products mainly from abroad
such as France, Italy, Portugal, Spain, Germany, UK, USA, Canada, Australia,
and Japan, etc.
Subject is engaged
in sale of all kinds of beverages, etc.
The major products sold by subject include
whisky, France grand cru, wine, icewine, brandy, vodka, tequilas, gin,
sparkling wine, rum, beer, liqueur, port, sherry, absinthe, nihonshu, and
spring water, etc.
Subject’s sales region is mainly in Taiwan
domestic market.
It is introduced that subject is the agent of
the brand “San Miguel”.
Subject’s major customers are five-star hotel,
western restaurant, pub, barbecue restaurant, and beer house, etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Domestic
Purchase
Subject has little purchase in domestic
market.
Foreign
Purchase
|
Payment Terms |
Proportion |
|
|
Beverages, etc |
T/T, L/C, etc |
SALES
Domestic
Markets
|
Terms |
Proportion |
|
|
Beverages, etc |
Cash, T/T, etc |
100% |
Export
Subject has little export.
Financial Information
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. Zhang declined to
disclose its financials citing the grounds of company’s confidentiality; from
other source we can not obtain the relevant information, either.
Bankers
Subject declined to disclose its bank details;
from other source we cannot obtain the relevant information, either.
Public Record
Mortgage
No chattel mortgage record of subject has been found within the recent 3
months.
Lawsuit
|
2002,Diaoxiao,364 |
|
|
Date of Trial: |
2002-11-27 |
|
Reason: |
Pay for service charge |
Interview Details
|
Name |
Mr. Zhang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
|
1 |
Rs.84.19 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIT |
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.