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Report Date : |
08.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
BEST PARTNER TRADING COMPANY |
|
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Registered Office : |
11F., No.102, Sung |
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Country : |
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Date of Incorporation : |
09.09.1981 |
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Com. Reg. No.: |
20899615 |
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Legal Form : |
Joint Stock Company |
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|
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Line of Business : |
Trading of electronic products and components |
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|
|
No. of Employees |
80 |
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 |
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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 – 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 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: |
BEST PARTNER
TRADING COMPANY, |
|
Trading Address: |
|
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2762-6855 |
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Fax Number: |
|
|
E-mail: |
Notes: The exact
name and address are as above.
Subject was incorporated on 1981-9-9 with registered number 20899615 as Joint Stock Company in Taiwan.
Related Company
|
Registered Name: |
Bestech Appliance Ind. Company |
|
Registered Address: |
No.43-8, Chung Hu Rd., Linkou Dist., New Taipei City 244, Taiwan (R.O.C.) |
|
Date of Foundation: |
2002-1-18 |
|
Registration Number: |
13012465 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
NTD 25,000,000 (USD 850,000) (As of 2014.09, 1 NTD = 0.0340 USD) |
|
Legal Representatives: |
Weilong Huang |
|
Legal Form: |
Private Limited Liabilities Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-4-30 |
|
Name |
Subscription Shares |
|
Huazheng Huang |
6,900,000 |
|
Huangqiang Huang |
|
|
356,000 |
|
|
Huasheng Huang |
235,000 |
|
Weilun Huang |
489,000 |
|
Weilong Huang |
643,000 |
The information above is that of subject’s major shareholders.
Core Management
Directors
|
1 |
|
|
Name |
Huazheng Huang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Huaqiang Huang |
|
Position |
Director |
|
3 |
|
|
Name |
Huasheng Huang |
|
Position |
Director |
|
4 |
|
|
Name |
Weilun Huang |
|
Position |
Director |
|
5 |
|
|
Name |
Weilong Huang |
|
Position |
Director |
|
6 |
|
|
Name |
Zhifang Zhong |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 80 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
Production Information
Subject is a trader of electronic products and components without any production activities.
It is introduced that subject’s related company is engaged in manufacturing.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacturing of machinery |
|
CC01030 |
Manufacturing of electric appliance and audio & video electronic products |
|
CC01080 |
Manufacturing of electronic components |
|
F108031 |
Wholesale of medical equipment |
|
F108040 |
Wholesale of cosmetic |
|
F113030 |
Wholesale of precise instrument |
|
F113070 |
Wholesale of telecommunications equipment |
|
F118010 |
Wholesale of software |
|
F119010 |
Wholesale of electronic materials |
|
F208031 |
Retail of medical equipment |
|
F208040 |
Retail of cosmetic |
|
F213040 |
Retail of precise instrument |
|
F213060 |
Retail of telecommunications equipment |
|
F218010 |
Retail of software |
|
F219010 |
Retail of electronic materials |
|
F401010 |
International trade business |
|
F113020 |
Wholesale of electric appliance |
|
F213010 |
Retail of electric appliance |
|
F113010 |
Wholesale of machinery |
|
F213080 |
Retail of machinery |
|
F106010 |
Wholesale of hardware |
|
F206010 |
Retail of hardware |
|
F106030 |
Wholesale of mould |
|
F206030 |
Retail of mould |
|
F109070 |
Wholesale of stationery, musical instrument, recreational supplies |
|
F209060 |
Retail of stationery, musical instrument, recreational supplies |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
Subject purchases products from both home and abroad.
Subject’s major suppliers are “Bestech Appliance Ind. Company” (Taiwan), “TECO Corp.” (Taiwan) and “Carrier Corporation” (USA), etc.
Subject is engaged in sale of electronic products and components, etc.
The major products sold by subject include air conditioner, refrigerator, components and so on.
Subject’s sales regions include Asia, Europe and America, etc.
One of subject’s major customers is Pyramid Time Systems.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Electronic products, etc |
T/T, Cash, etc |
100% |
Foreign Purchase
|
Terms |
Proportion |
|
|
Electronic products, etc |
L/C, T/T, etc |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Electronic products, etc |
T/T, Cash, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Electronic products, 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 Ms. Liu 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. Liu |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.44 |
|
|
1 |
Rs.98.64 |
|
Euro |
1 |
Rs.78.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.