|
Report Date : |
17.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
LBC TECHNOLOGY CO., LTD. |
|
|
|
|
Registered Office : |
7F., No.605, Zhongshan Rd., Xinhua Dist., Tainan City 712 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
18.12.2006 |
|
|
|
|
Com. Reg. No.: |
28542456 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Research, development and sale of electronic
products |
|
|
|
|
No. of Employees : |
Over 50 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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 de velopment.
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: |
7F., No.605,
Zhongshan Rd., Xinhua Dist., Tainan City 712, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-6-597-0070 |
|
Fax Number: |
Notes: The exact name and address are as
above.
Subject was incorporated
on 2006-12-18 with registered number 28542456
as Joint Stock Company in
Taiwan.
|
Name |
Subscription Shares |
|
Yilang Guo |
6,458,108 |
|
Bingzhong Wu |
|
|
1,500,000 |
|
|
Fenglan Huangguo |
150,000 |
|
Baoxiao Chen |
1,500,000 |
The information above is that of subject’s major shareholders.
Related Companies
|
1 |
|
|
Name: |
Leadwell Optical Co., Ltd. |
|
Address: |
7/F., No.605, Zhongshan Rd., Xinhua Dist., Tainan City 712, Taiwan
(R.O.C.) |
|
Date of Foundation: |
2011-6-21 |
|
Registration Number: |
53479889 |
|
2 |
|
|
Name: |
Lin Rui Enterprise Co., Ltd. (Literal
Translation) |
|
Address: |
7/F., No.605, Zhongshan Rd., Xinhua Dist., Tainan City 712, Taiwan
(R.O.C.) |
|
Date of Foundation: |
2009-10-1 |
|
Registration Number: |
25041669 |
|
3 |
|
|
Name: |
Dongguan City Lingrui Plastic Packaging Materials Co., Ltd. |
|
Address: |
4th Floor, Paisha Wei Complex Building, No.168 Yongsheng
Street, Sanlian Village, Fenggang Town, Dongguan City, Guangdong Province,
China |
Core Management
Directors
|
1 |
|
|
Name |
Yilang Guo |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Bingzhong Wu |
|
Position |
Director |
|
3 |
|
|
Name |
Fenglan Huangguo |
|
Position |
Director |
|
4 |
|
|
Name |
Baoxiao Chen |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
Over 50 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
7F., No.605, Zhongshan Rd., Xinhua Dist., Tainan City 712, Taiwan
(R.O.C.) |
Production
Information
·
Subject is engaged in research and development of
embedded system which related to electronic products
·
Subject has cooperative factories in Taiwan for
production.
·
It is introduced that subject established its own
plant in Tainan, Taiwan in the early 2014.
Purchase
Information
The registered activities of subject:
|
1 |
Besides licensed business, all other business items those are not
banned or restricted. |
The components and raw materials are mostly purchased in domestic
market.
·
Subject is engaged in sale of electronic products
·
It is introduced that subject also dedicated to
software, hardware design and development, combining with system integration
which can apply to network controlling, digital signage, e-menu system and
other LCD display fields.
·
The major products sold by subject include extreme
wide LCD monitor, transparent digital signage box and muti-function media
display
·
Subject’s sales regions include domestic market,
Mainland China, Southeast Asia, Europe and America
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic
Purchase
|
Terms |
Proportion |
|
|
Components and
raw materials |
T/T, Cash |
100% |
Foreign
Purchase
Subject has little
import.
Sales
Domestic
Markets
|
Terms |
Proportion |
|
|
Electronic
products |
T/T, Cash |
100% |
Export
|
Terms |
Proportion |
|
|
Electronic
products |
L/C, T/T |
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. Xiao 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 any information about
bankers, and we can not obtain the information from other source.
Mortgage
|
Case Type: |
Conditional Sale |
|
Certificate No.: |
036564 |
|
Debtor Name: |
LBC Technology Co., Ltd. |
|
Document Number: |
09830461960 |
|
Date of Registration: |
2009-7-27 |
|
Status: |
Paid Off |
Lawsuit
Up to date of reporting, no existing or latent litigation
of the subject has been found.
|
Name |
Ms. Xiao |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.23 |
|
|
1 |
Rs.100.79 |
|
Euro |
1 |
Rs.83.29 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NNA |
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.