|
Report Date : |
05.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
BANDRICH, INC. |
|
|
|
|
Registered Office : |
6F., No.71, Zhouzi St., Neihu Dist., Taipei
City 11493 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
11.04.2006 |
|
|
|
|
Reg. No.: |
28146688 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of electronic
equipment |
|
|
|
|
No. of Employees : |
About 90 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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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. Taiwan's diplomatic isolation, low birth rate,
and rapidly aging population are other major long-term challenges. Free trade
agreements have proliferated in East Asia over the past several years, and
following the landmark Economic Cooperation Framework Agreement (ECFA) signed
with China in June 2010, Taiwan in July 2013 signed a free trade deal with New
Zealand—Taipei’s first-ever with a country with which it does not maintain
diplomatic relations—and in November inked a trade pact with Singapore.
Negotiations continue on follow-on components of ECFA regarding trade in goods
and a dispute resolution mechanism; a trade in services agreement is under
review in the legislature. 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
overall trade surplus largely because of its surplus with China, and its
foreign reserves are the world's sixth largest, behind China, Japan, Saudi
Arabia, Russia, and Switzerland. 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. Taiwan since
2009 has gradually loosened rules governing Chinese investment on the island,
and has also secured greater market access for its investors in the mainland.
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 |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
6F., No.71,
Zhouzi St., Neihu Dist., Taipei City 11493, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2799-8851 |
|
Fax Number: |
Notes: The exact name
and address are as above.
Subject was incorporated
on 2006-4-11 with registered number28146688 as
Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Zhengwen Investment Co., Ltd (Liberal translation) |
5,500,000 |
|
Fuding Enterpriseship Investment Co., Ltd
(Liberal translation) |
|
|
1,276,180 |
|
|
HTC Corporation |
2,025,000 |
|
Xuesong Lin |
51,000 |
|
Wenyi Guo |
901,500 |
|
Liaoding Enterpriseship Investment Co., Ltd (Liberal translation) |
1,276,180 |
The information above is that of subject’s major shareholders.
Shareholder Information:
|
1 |
|
|
Registered Name: |
Zhengwen Investment Co., Ltd (Liberal translation) |
|
Registered Address: |
No.15-1, Zhonghua Rd., Hukou Township, Hsinchu
County, Taiwan (R.O.C.) |
|
Date of Foundation: |
2001-3-23 |
|
Registration Number: |
12770968 |
|
Registry: |
Department of Commerce,
Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 1,200,000,000 (USD 39,720,000) (As of 2014.4, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 800,000,000 (USD 26,480,000) |
|
Legal Representatives: |
Hongwen Chen |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2011-8-31 |
|
2 |
|
|
Registered Name: |
Fuding Enterpriseship Investment Co., Ltd (Liberal translation) |
|
Registered Address: |
8F., No.99, Sec. 1, Xinsheng S. Rd., Da'an
Dist., Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
2004-5-26 |
|
Registration Number: |
27236789 |
|
Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
|
Registered Capital: |
NTD 2,000,000,000 (USD 66,200,000) (As of 2014.3, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 1,230,000,000 (USD 40,713,000) |
|
Legal Representatives: |
Shaoxin Wang |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-6-14 |
|
3 |
|
|
Registered Name: |
HTC Corporation |
|
Registered Address: |
No.23, Xinghua Rd., Taoyuan City, Taoyuan County
330, Taiwan (R.O.C.) |
|
Date of Foundation: |
1997-5-15 |
|
Registration Number: |
16003518 |
|
Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
|
Registered Capital: |
NTD 10,000,000,000 (USD) 331,000,000 (As of 2014.4, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 8,403,521,250 (USD 278,156,553) |
|
Legal Representatives: |
Xuehong Wang |
|
Legal Form: |
Joint Stock Company |
|
Staff: |
About 12,000 Employees |
|
Listed at Stock Exchange: |
Yes; (Public, TPE: 2498) |
|
Date of Last Annual Return: |
2014-3-11 |
|
Tel |
+886-2-8912-4138 |
|
Fax |
+886-2-8912-4998 |
|
4 |
|
|
Registered Name: |
Liaoding Enterpriseship Investment Co., Ltd (Liberal translation) |
|
Registered Address: |
8F., No.99, Sec. 1, Xinsheng S. Rd., Da'an
Dist., Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
2002-11-7 |
|
Registration Number: |
80347004 |
|
Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
|
Registered Capital: |
NTD 2,000,000,000 (USD) (As of 2014.3, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 900,000,000 (USD ) |
|
Legal Representatives: |
Shaoxin Wang |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-6-28 |
Subject did not introduce whether it has any
subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Core Management
Directors
|
1 |
|
|
Name |
Ronghui Xu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Fuming Ye |
|
Position |
Director |
|
3 |
|
|
Name |
Hongwen Chen |
|
Position |
Director |
|
4 |
|
|
Name |
Fuding Enterpriseship Investment Co., Ltd (Liberal translation) |
|
Position |
Director |
|
5 |
|
|
Name |
Bolin Zou |
|
Position |
Director |
|
6 |
|
|
Name |
Rongsong Lin |
|
Position |
Director |
|
7 |
|
|
Name |
Wenyi Guo |
|
Position |
Director |
|
8 |
|
|
Name |
Zhihong Lin |
|
Position |
Supervisor |
|
9 |
|
|
Name |
Liaoding Enterpriseship Investment Co., Ltd (Liberal translation) |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 90 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
6F., No.71, Zhouzi St., Neihu Dist., Taipei City 11493, Taiwan (R.O.C.) |
Production
Information
Subject is a manufacturer of
electronic equipment and etc.
It is introduced that subject has a factory in Taiwan for production.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
I501010 |
Designing for products. |
|
CC01080 |
Manufacturing of electronic components. |
|
F119010 |
Wholesales of electronic materials. |
|
F219010 |
Retails of electronic materials. |
|
F401010 |
International trading business. |
|
CC01070 |
Manufacturing of wireless communication equipment. |
|
CC01060 |
Manufacturing of wired communication equipment. |
|
CC01101 |
Manufacturing of radio-frequency devices under telecommunications regulation. |
|
F113070 |
Wholesales of telecommunication materials. |
|
F118010 |
Wholesales of information software. |
|
F213060 |
Retails of telecommunication materials. |
|
F218010 |
Retails of information software. |
|
CC01110 |
Manufacturing of computer and related equipment. |
|
E701030 |
Installing of radio-frequency devices under telecommunications
regulation. |
|
F401021 |
Importing of radio-frequency devices under telecommunications
regulation. |
|
CC01030 |
Manufacturing of electrical appliances and audio visual electronic
products. |
|
CE01010 |
Manufacturing of general instrument. |
|
CE01030 |
Manufacturing of optical
projector. |
|
E701010 |
Communication engineering industry. |
|
F113030 |
Wholesales of precision instrument. |
|
F113050 |
Wholesales of computer and related products. |
|
F213030 |
Retails of computer and related products. |
|
F213040 |
Retails of precision instrument. |
|
I301010 |
Services of information software. |
|
CH01040 |
Manufacturing of toys. |
|
CC01120 |
Manufacturing and copying of files storages and media. |
|
F109070 |
Wholesales of products for culture and education, musical instrument
and sports. |
|
F113020 |
Wholesales of electrical appliances. |
|
F213010 |
Retails of electrical appliances. |
|
F601010 |
Intellectual property industry. |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
The components and raw material for production are purchased at home and
abroad.
The subject is mainly engaged in sales of electronic equipment and etc.
It is introduced that subject’s selling territory
including Asia, Europe, America and etc.
It is introduced that subject’s major
customers are manufacturers of computer’s accessories, mobile phone and etc.
It is introduced that the broadband of
subject’s products are covering over 4G LTE, DC-HSPA+/HSPA and EVDO.
Major Products
|
|
Product |
|
1 |
USB modem |
|
2 |
Mobile router |
|
3 |
Home router |
|
4 |
M2M/vehicle router |
|
5 |
Outdoor CPE |
|
6 |
Field perfect |
|
7 |
Accessory |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials,
components and etc |
COD, CBD and etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials,
components and etc |
CBD and etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Electronic equipment and etc. |
COD, CBD and etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Electronic equipment and etc. |
CBD and 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. Huang 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. Huang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
|
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.