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Report Date : |
09.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
KING CAR KAVALAN CO., LTD. |
|
|
|
|
Registered Office : |
No.230, Sec. 3, Roosevelt Rd., Zhongzheng
Dist., Taipei City 10089 |
|
|
|
|
Country : |
Taiwan |
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|
|
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Date of Incorporation : |
13.01.2011 |
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|
|
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Com. Reg. No.: |
53125269 |
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|
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Legal Form : |
Joint Stock Company |
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Line of Business : |
· engaged in manufacturing coffee Wine including Kavalan whiskey, Kavalan Highball & Kavalan. Engaged in wholesaling
tobacco and alcohol |
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|
|
|
No of Employees : |
About 1,200 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 |
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|
|
|
Payment Behaviour : |
No Complaints |
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|
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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 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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 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: |
No.230, Sec. 3, Roosevelt Rd., Zhongzheng
Dist., Taipei City 10089, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2365-6551 |
|
Fax Number: |
Notes: The exact
name and address are as above; the supplied address belongs to subject’s sales
office address.
|
Credit Opinion: |
|
Registered Name: |
King Car Kavalan Co., Ltd. |
|
Registered Address: |
No.230, Sec. 3, Roosevelt Rd., Zhongzheng
Dist., Taipei City 10089, Taiwan (R.O.C.) |
|
Date of Foundation: |
2011-1-13 |
|
Registration Number: |
53125269 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
(As of 2014.05, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 50,000,000 (USD1,655,000) |
|
Legal Representatives: |
Tiancai Li |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 2011-1-13 with registered number 53125269 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
King Car Company Limited (Literal
Translation) |
5,000,000 |
The information
above is that of subject’s major shareholders.
Shareholder Information:
|
Registered Name: |
King Car Company Limited (Literal Translation) |
|
Registered Address: |
No. 230, Sec. 3, Luosifu Rd., Zhongzheng
Dist., Taipei City, Taiwan |
|
Date of Foundation: |
1979-7-12 |
|
Registration Number: |
05007903 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 4,050,000,000 (USD 134,055,000) (As of 2014.5, 1 NTD = 0.0331USD) |
|
Paid-up Capital: |
NTD 4,050,000,000 (USD 134,055,000) |
|
Legal Representatives: |
Tiancai Li |
|
Legal Form: |
Joint Stock Company |
|
Principal Activities: |
Manufacturing and sale of coffee, etc. |
|
Staff: |
About 2,100 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2011-12-14 |
Related Companies
|
1 |
|
|
Name |
King Car Food Industrial Co., Ltd. |
|
Address |
1F, No.230, Roosevelt Road, Sec.3, Taipei
Taiwan R.O.C. |
|
Telephone Number: |
+886-2-2365-6551 |
|
Fax Number: |
+886-2-2368-8128 |
|
Principal Activities: |
Manufacturing and sale of canned coffee,
etc. |
|
2 |
|
|
Name |
King Car (Shanghai) Co., Ltd. |
|
Address |
Room 1205, Block B, Zhongjin International Square, No. 333, Caoxi N.
Rd., Shanghai City, China |
|
Telephone Number: |
+86-21-3397-3808 |
|
Fax Number: |
+86-21-3397-3871 |
|
Principal Activities: |
Sale of food, etc. |
Core
Management
Directors
|
1 |
|
|
Name |
Tiancai Li |
|
Position |
Director |
|
2 |
|
|
Name |
Yuding Li |
|
Position |
Director |
|
3 |
|
|
Name |
Shijie Wu |
|
Position |
Director |
|
4 |
|
|
Name |
Menglin Tang |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 1,200
Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.230, Sec. 3, Roosevelt Rd., Zhongzheng
Dist., Taipei City 10089, Taiwan (R.O.C.) |
Production
Information
l
Subject is engaged in manufacturing of coffee wine
l
It is introduced that subject has a factory in Yilan
of Taiwan for production, but we cannot obtain the detail information.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F102030 |
Tobacco and alcohol wholesaling |
|
F102170 |
Food wholesale goods |
|
F106020 |
Supplies wholesale |
|
F107030 |
Cleaning supplies wholesale |
|
F107080 |
Environmental medicine wholesale |
|
F203010 |
What food, beverage retail |
|
F203020 |
Retail tobacco and alcohol |
|
F206020 |
Supplies retail |
|
F207030 |
Cleaning supplies retail |
|
F207080 |
Medicine retail environment |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
Subject purchases raw materials both in domestic market
and foreign countries, etc.
l
Subject is engaged in sale of coffee wine
l
The major products sold by subject include Kavalan
whiskey, Kavalan Highball & Kavalan.
l
Subject’s sales regions include Taiwan, Mainland
China, Europe, etc.
l
Subject has a sales office in Shanghai of Mainland
China.
l
Subject’s major customers are hotels, bars,
dealers, etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Raw
materials, etc. |
T/T,
Cash, etc |
100% |
Foreign Purchase
|
Terms |
Proportion |
|
|
Raw
materials, etc. |
L/C,
T/T, etc |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Coffee
wine, etc. |
T/T,
Cash, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Coffee
wine, etc. |
L/C,
T/T, 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 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
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. Lin |
|
Position |
Salesman |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.99 |
|
UK Pound |
1 |
Rs.101.75 |
|
Euro |
1 |
Rs.83.48 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.