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Report Date : |
04.02.2014 |
IDENTIFICATION DETAILS
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Name : |
BEN KAI CO., LTD. |
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Registered Office : |
1f., No.9, Ln. 87, Taiping Rd., Taiping Dist.,
Taichung City 41165 |
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Country : |
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Date of Incorporation : |
13.08.2008 |
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Com. Reg. No.: |
24216938 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trader of packaging materials |
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No of Employees : |
About 10 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
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.
|
Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
18F-12., No.699 , Sec. 3, Taiwan Boulevard.,
Taichung City 40755, Taiwan |
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Supplied Address: |
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Telephone Number: |
+886-4-2451-8789 |
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Fax Number: |
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E-mail: |
The
exact name and address are as above.
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Registered Name: |
Ben Kai Co., Ltd. |
|
Registered Address: |
1f., No.9, Ln. 87, Taiping Rd., Taiping Dist., Taichung City 41165,
Taiwan R.O.C. |
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Date of Foundation: |
2008-8-13 |
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Registration Number: |
24216938 |
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Registry: |
Taichung City Government |
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Registered Capital: |
(As of 2014.1, 1 NTD = 0.0339 USD) |
|
Legal Representatives: |
Kaiyang Huang |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
Subject was incorporated on 2008-8-13 with registered number 24216938 as Private Limited Liability
Company in Taiwan.
|
Name |
Subscription
Amount |
|
Kaiyang
Huang |
900,000 |
Subject did not register any subsidiaries or branches,
from other source we can not obtain the relevant information, either.
Core Management
Directors
|
Name |
Kaiyang Huang |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 10 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
18F-12., No.699 , Sec. 3, Taiwan Boulevard.,
Taichung City 40755, Taiwan |
l
Subject is a trader of packaging materials, without any
production activities.
l
It is introduced subject has cooperate with many factories located
in Taiwan, Thailand, Vietnam, the mainland of China, etc.
Purchase
Information
l
The registered
activities of subject:
|
Business Code |
Details |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
The products are purchased
from both home and abroad.
Sales
Information
l
The subject is mainly engaged in sales of packaging materials.
l
The major products sold by subject include aluminum foil, aluminum
foil jumbo roll, aluminum foil container, aluminum airline foil, PVC cling, OPP
Tape, PVC insulating tape, auto parts, etc.
l
The products are applied in Food and Industrial field, etc.
l
The subject sales regions include Asia, Australia, Middle-East and Africa, etc.
l
Subject’s main customers include importers, supermarkets and outlet distributors, etc.
Import and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
1.
Domestic Purchase
|
Products |
Packaging materials, etc. |
|
Terms |
Cash,
T/T, etc |
2.
Import
|
Products |
Packaging materials, etc. |
|
Terms |
Sales
1.
Domestic Markets
|
Product |
Packaging materials, etc. |
|
Terms |
T/T,
Cash, etc |
2.
Export
|
Products |
Packaging materials, etc. |
|
Terms |
L/C,
etc |
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
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 |
Mr. Huang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.68 |
|
|
1 |
Rs. 102.96 |
|
Euro |
1 |
Rs. 84.57 |
INFORMATION DETAILS
|
Report Prepared
by : |
DPT |
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.