MIRA INFORM REPORT

 

 

Report Date :

18.08.2014

 

IDENTIFICATION DETAILS

 

Name :

HAVI LOGISTICS (TAIWAN) LIMITED

 

 

Registered Office :

No. 1084, Sec. 3, Fu-Kuo Road, Lu-Chu Country, Taoyuan,

 

 

Country :

Taiwan

 

 

Date of Incorporation :

05.07.1996

 

 

Com. Reg. No.:

97161121

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in Providing logistics services,

 

 

No. of Employees

180

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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 1, 2014

 

Country Name

Previous Rating

(31.03.2014)

Current Rating

(01.06.2014)

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 and address

 

Company Name:

HAVI LOGISTICS (TAIWAN) LIMITED

Supplied Name:

HAVI LOGISTICS (TAIWAN) LTD

Trading Address:

No. 1084, Sec. 3, Fu-Kuo Road, Lu-Chu Country, Taoyuan, Taiwan

Supplied Address:

Not Supplied

Telephone Number:

+886-3-322-3550/352-8322

Fax Number:

+886-3-322-2551

Notes: The exact name and address are as above.

 

 

Company Identification Details

 

Registered Name:

Havi Logistics (Taiwan) Limited

Registered Address:

3F., No.318-2, Sianfu Rd., Taoyuan City, Taoyuan County 330, Taiwan

Date of Foundation:

1996-7-5

Registration Number:

97161121

Registry:

Department of Commerce, Ministry of Economic Affairs, R.O.C.

Registered Capital:

NTD 103,803,434 (USD 3,456,654.35)

(As of 2014.08, 1 NTD = 0.0333 USD)

Legal Representatives:

Chengzhi Zhang

Legal Form:

Private Limited Liability Company

Principal Activities:

Providing logistics services, etc.

Staff:

About 180 Employees

Listed at Stock Exchange:

No

Date of Last Annual Return:

2014-1-8

 

 

History

 

Subject was incorporated on 1996-7-5 with registered number 97161121 as Private Limited Liability Company in Taiwan.

 

Change of Name

Former Chinese Name:

夏暉食品有限公司

Current Chinese Name:

夏暉物流有限公司

 

Former English Name:

Havi Food Services (Taiwan) Limited

Current English Name:

Havi Logistics (Taiwan) Limited

 

 

 

 

Corporate Structure

 

Office

Address

No.1-2, Nan-Ping Road, Ta-Cheng Country, Chang-Hwa, Taiwan

Tel

+886-4-894-1868

Fax

+886-4-894-1488

 

 

Shareholders

 

Major Shareholders

 

Name

Subscription Amount     

 

Havi Group Holding LLC

 

103,803,434

 

 

 

Management Information

 

Core Management

 

Directors

1

Name

Chengzhi Zhang

Position

Chairman of the Board

2

Name

Y.S.Kong

Position

Director

3

Name

Charles P.Schulman

Position

Director

 

Personnel Structure

 

Total Employees

About 180 Employees

 

 

Operation Information

 

Offices & Factories

 

 

Headquarters

Add

No. 1084, Sec. 3, Fu-Kuo Road, Lu-Chu Country, Taoyuan, Taiwan

 

The registered activities of subject:

Business Code

Details

C103050 

Canned, freeze-drying and pickled food manufacturing

C104020 

Baked and steamed food manufacturing

F102020 

Edible oil wholesaling

F102030 

Tobacco and alcohol wholesaling

F102040 

Beverage wholesaling

F102170 

Food, etc. wholesaling

F106020 

Supplies wholesaling

F107030 

Cleaning supplies wholesaling

F107190 

Plastic film bags wholesale

F109070 

Culture and education instrument Recreational supplies wholesaling

F104110 

Cloth, shoes, clothes, hats, umbrella, garment accessories wholesaling

A102020 

Finishing industry of agricultural products

I103060 

Management consulting

I101090 

Food consulting

F401010 

The international trade

G801010 

warehousing industry

F401161 

The tobacco input industry

F401171 

The wine input industry

IZ06010 

Tally packaging industry

IZ12010 

Staffing industry

ZZ99999 

Besides licensed business, all other business items those are not banned or restricted.

 

 

Subject is engaged in providing logistics services, etc.

It is introduced that subject mainly supplies land logistics services.

Subject has the frozen, normal temperature and warm trunks.

It is introduced that subject has a warehouse in Taoyuan County of Taiwan.

Subject mainly provides logistics in Taiwan local market.

It is introduced that subject also provide processes food services such as processing vegetables.

Subject at present has corporation with McD’s for processing vegetables, etc.

It is introduced that subject’s group has related companies in more than 40 countries with empowered divisions specializing in logistics, distribution, equipment leasing and maintenance, food processing, packaging and administrative services, and promotional marketing.

 

Import and export right:

Import right

Yes

Export right

Yes

 

 

Settlements

 

Subject declined to disclose the detail settlements, and it is introduced that the details of settlements are to be negotiated.

 

 

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 declined to disclose its financials citing the grounds of company’s confidentiality; from other sources we could not obtain such information, either.

 

 

Bankers

 

Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.

 

 

Public Record

 

Mortgage

 

No chattel mortgage record of subject has been found within the recent 3 months.

 

Lawsuit

 

Trial Number:

2009, taolaojian, 11

Date of Trial:

2009-9-2

Reason:

Payment for damage

Claimant:

Havi Logistics (Taiwan) Limited

Defendant:

Not Stated

 

 

Special Note

 

Interview Details

Name

Ms. Lin

Department

Sales Department

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.61.06

UK Pound

1

Rs.101.84

Euro

1

Rs.81.56

 

INFORMATION DETAILS

 

Analysis Done by :

SUM

 

 

Report Prepared by :

NIS

 

               

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.