|
Report Date : |
02.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
BEL BEARING CO., LTD. |
|
|
|
|
Formerly Known As : |
BEY ERL LIN TRADING CO., LTD. |
|
|
|
|
Registered Office : |
No.35, Sec. 4, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
12.12.1986 |
|
|
|
|
Com. Reg. No.: |
22313012 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Trading of all kinds of ball and roller bearings |
|
|
|
|
No. of Employees |
About 20 Employees |
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: |
|
|
Former Name: |
Bey Erl Lin Trading Co., Ltd. |
|
Supplied Name: |
|
|
Trading Address: |
No.35, Sec. 4,
Nanzhu Rd., Luzhu Township, Taoyuan County 33847, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-3-323-7722 |
|
Fax Number: |
|
|
Email: |
Notes: The exact name and address are as above and
the supplied name belongs to subject’s former name.
|
Registered Name: |
BEL BEARING CO., LTD. |
|
Registered Address: |
No.35, Sec. 4, Nanzhu Rd., Luzhu Township,
Taoyuan County 33847, Taiwan (R.O.C.) |
|
Date of Foundation: |
1986-12-12 |
|
Registration Number: |
22313012 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
NTD 15,000,000
(USD 510,000) (As of 2014.08, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 15,000,000 (USD 510,000) |
|
Legal Representatives: |
Bixia Xu |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated
on 1986-12-12 with registered number 22313012
as Joint Stock Company in Taiwan.
Change of Name
|
Former English Name: |
Bey Erl Lin Trading Co., Ltd. |
|
Current English Name: |
Bel Bearing Co., Ltd. |
Subject did not introduce whether it has any subsidiaries or branches; from
other source we could not obtain the relevant information, either.
Major Shareholders
|
Name |
Subscription Shares |
|
Bixia Xu |
|
|
125 |
|
|
Yiping Lin |
600 |
|
Yisheng Lin |
525 |
|
Zhenxian Lin |
100 |
Core Management
Directors
|
1 |
||
|
Name |
Bixia Xu |
|
|
Position |
Board Chairman |
|
|
2 |
||
|
Name |
Yiping Lin |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Yisheng Lin |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Zhenxian Lin |
|
|
Position |
Supervisor |
|
Personnel
Structure
|
Total Employees |
About 20 Employees |
|
|
Headquarters |
|
Add |
No.35, Sec. 4, Nanzhu Rd., Luzhu Township, Taoyuan County 33847, Taiwan
(R.O.C.) |
Production
Information
Subject is a trader of all kinds
of ball and roller bearings without any production activities.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Sales of bearing, chain and belt |
|
2 |
Import and export business (besides licensed business) |
|
3 |
Bonded warehouse operation |
Subject purchases products mainly from Mainland China and Taiwan.
Subject is engaged in sale of all kinds of ball and roller bearings,
etc.
The major products sold by subject include miniature bearings, deep
groolve ball bearings, spherical roller bearings, taper roller bearings, thrust
ball bearings and so on.
Subject’s sales regions U.S.A., Italy, Japan, South America, Eastern South
Asia, etc.
One of subject’s major customers is Alliance Bearing Industries Inc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Bearings, etc |
|
Payment Terms |
Cash, T/T, etc |
Import
Subject has little import.
Sales
Domestic Markets
|
Product |
Bearings, etc |
|
Selling Terms |
Cash, T/T, etc |
Export
|
Product |
Bearings, etc |
|
Selling Terms |
T/T, 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 sources
we could not obtain such information, either.
Subject declined to disclose its bank details; from other source we
could not 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.
Interview Details
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.47 |
|
UK Pound |
1 |
Rs.100.43 |
|
Euro |
1 |
Rs.79.40 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared by
: |
SDA |
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.