MIRA INFORM REPORT
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Report Date : |
24.05.2013 |
IDENTIFICATION DETAILS
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Name : |
LIAN DA LI SPIRIT CO., LTD. |
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Registered Office : |
No.7-1, Lane 23, Shuang Cheng Street,
Zhongshan District, Taipei City |
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Country : |
Taiwan |
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Date of Incorporation : |
22.12.1994 |
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Com. Reg. No.: |
89953424 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of drinks and providing
transportation service |
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No. of Employees : |
About 100 Employees |
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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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. 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.
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Source : CIA |
Contact Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
No. 3 Lane 25 Shuangcheng St Jhongshan
District 104 Taipei Taiwan |
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Telephone Number: |
+886-2-2591-8963 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above.
Credit Summary
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Credit Opinion: |
Company Identification
Details
History
Subject was incorporated on
1994-12-22 with registered number 89953424 as Joint Stock
Company in Taiwan.
Shareholders
|
Name |
Subscription Shares |
|
Jinbi Linlian |
120 |
|
Fengren Lian |
|
|
120 |
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Shufen Lian |
60 |
|
Shuling Lian |
60 |
The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
Personnel Information
Core
Management
Directors
|
1 |
|
|
Name |
Jinbi Linlian |
|
Position |
Board Chairman |
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2 |
|
|
Name |
Fengren Lian |
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Position |
Director |
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3 |
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|
Name |
Shufen Lian |
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Position |
Director |
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4 |
|
|
Name |
Shuling Lian |
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Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 100
Employees |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
Production
Information
l
Subject is a trader of drinks, etc
without any production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F102030 |
Wholesale of alcohol and tobacco |
|
F102170 |
Wholesale of food and grocery |
|
F203010 |
Retail of food and beverage |
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F203020 |
Retail of alcohol and tobacco |
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H703100 |
Real estate leasing industry |
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JE01010 |
Leasing industry |
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F401010 |
International trade business |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l Subject purchases products mainly from abroad such as Canada, France,
Switzerland and Holland, etc.
l
Subject is engaged in sale of drinks,
etc.
l It is
introduced that subject also provides transportation service and it has own
refrigerator cars distributing ice beer.
l The
major products sold by subject include scotch, cognac, beer, spirits, liqueurs,
and champagne, etc.
l The
drinks sold by subject with brands “Johnnie Walker”, “Hennessy”, “Chivas”,
“Martell”, “Remy Martin”, “Heineken”, “Moet & Chandon”, “Absolut”, “Jack
Daniel”, and “Evian”, etc.
l Subject’s
sales region is mainly in Taiwan domestic market.
l Subject’s
major customers are hotel, restaurant, and other liquor store, etc.
Import
and export right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Subject has little
purchase in domestic market.
Foreign Purchase
|
Payment Terms |
Proportion |
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|
Beverages, etc |
T/T, L/C, etc |
Sales
Domestic Markets
|
Terms |
Proportion |
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Beverages, etc |
Cash, T/T, etc |
100% |
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 Ms. Lin 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
Up to date of reporting,
no existing or latent litigation of the subject has been found.
Interview Details
|
Name |
Ms. Lin |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian
Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
UK Pound |
1 |
Rs.84.18 |
|
Euro |
1 |
Rs.71.86 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
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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 |
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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 |
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-- |
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.