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Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ANBN BUSITEK
CORP. |
|
|
|
|
Registered Office : |
6F.-1, No.128, Shijian Rd., Banqiao Dist.,
New Taipei City 220 |
|
|
|
|
Country : |
Taiwan |
|
|
|
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Date of Incorporation : |
13.05.1995 |
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|
|
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Com. Reg. No.: |
89460462 |
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|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
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Line of Business : |
· engaged in trading of motorcycle and automobile components include engines, engine cases, cylinders, cylinder heads, cams, connecting rods and crankshafts Engaged as Sales of all kinds of hardware Engaged as Sales of oil hydraulic press and its parts |
|
|
|
|
No of Employees : |
About 10 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 |
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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 |
A2 |
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.-1, No.128,
Shijian Rd., Banqiao Dist., New Taipei City 220, Taiwan (R.O.C.) |
|
Supplied Address: |
P..O. BOX 26-516
TAIPEI 6F-1, 128, SHI-JEN ROAD BANCHIAO TAIPEI TAIWAN |
|
Telephone Number: |
+886-2-2729-5427 |
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Fax Number: |
|
|
Email: |
Notes: Subject’s exact name and address are
as above and it is introduced that the supplied name is the one responsible for
foreign sales business.
|
Credit Opinion: |
|
Registered Name: |
Anbn Busitek Corp. |
|
Registered Address: |
6F.-1, No.128, Shijian Rd., Banqiao Dist.,
New Taipei City 220, Taiwan (R.O.C.) |
|
Date of Foundation: |
1995-5-13 |
|
Registration Number: |
89460462 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
NTD 5,000,000
(USD 170,000) (As of 2014.05, 1 NTD = 0.0340 USD) |
|
Legal Representatives: |
Junqing Zeng |
|
Legal Form: |
|
|
Principal Activities: |
engaged in trading of motorcycle and automobile components include engines, engine cases, cylinders, cylinder heads, cams, connecting rods and crankshafts |
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 1995-5-13 with registered number 89460462 as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Junqing Zeng |
3,000,000 |
The information above is that of subject’s major shareholders.
Related Company
|
Registered Name: |
Pro-Rotary Int'l Co., Ltd. |
|
Registered Address: |
No.22, Lane 45, Guangfu E. Rd., Pitou Township,
Changhua County 523, Taiwan (R.O.C.) |
|
Date of Foundation: |
2004-3-17 |
|
Registration Number: |
80729967 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
NTD 1,000,000 (USD 34,000) (As of 2014.05, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 1,000,000 (USD 34,000) |
|
Legal Representatives: |
Junqing Zeng |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2007-7-9 |
Core Management
Directors
|
Name |
Junqing Zeng |
|
Position |
Director |
Offices &
Factories
|
|
Headquarters |
|
Add |
6F.-1, No.128, Shijian Rd., Banqiao Dist.,
New Taipei City 220, Taiwan (R.O.C.) |
Production
Information
l
Subject is engaged in trading of motorcycle and automobile
components
l
It is introduced that subject has a
related company in Changhua County, Taiwan for production.
Purchase
Information
l
The
registered activities of subject:
|
1 |
Development, design and sales of all kinds
of automobile, motor, bicycle and its parts |
|
2 |
Sales of all kinds of hardware |
|
3 |
Sales of oil hydraulic press and its parts |
|
4 |
Import and export business (besides
license business) |
|
5 |
Agent, price quoting, bidding service of
above mentioned items |
l
Subject purchases products mainly in
Taiwan domestic market.
l
Subject is engaged in sales of motorcycle and automobile components
l
The major products sold by subject include
engines, engine cases, cylinders, cylinder heads, cams, connecting rods and
crankshafts
l
Subject’s sales regions include Asia,
Europe and America,
l
Subject’s major customers are
motorcycle manufacturer and automobile manufacturer.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Components, etc |
T/T,
Credit Sale, etc |
100% |
Foreign Purchase
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Components, etc |
Cash,
T/T, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Components, 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 Mr. Zeng 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 |
Mr. Zeng |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.06 |
|
UK Pound |
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.88.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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.