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Report Date : |
27.09.2014 |
IDENTIFICATION DETAILS
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Name : |
ABD CO., LTD. |
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Registered Office : |
No.26, Ln. 300, Dashe E. Rd., Ziguan Dist., Kaohsiung City 82648, |
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Country : |
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Date of Incorporation : |
31.10.2007 |
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Com. Reg. No.: |
28601567 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of dried
fruit and the related products |
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No. of Employees : |
100 |
RATING & COMMENTS
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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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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 |
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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. 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: |
|
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Trading Address: |
No.26, Ln.
300, Dashe E. Rd., Ziguan
Dist., Kaohsiung City 82648, Taiwan |
|
Supplied Address: |
No 26, LN 308 Dashe
E Rd, Ziguan Dist, Kaohsung
City 82648 |
|
Telephone Number: |
+886-7-610-0058 |
|
Fax Number: |
Notes: The exact
name and address are as above.
|
Registered Name: |
ABD CO., LTD. |
|
Registered
Address: |
No.26, Ln. 300, Dashe E. Rd., Ziguan Dist., Kaohsiung City
82648, Taiwan |
|
Date of
Foundation: |
2007-10-31 |
|
Registration
Number: |
28601567 |
|
Registry: |
Economic
Development Board of Kaohsiung City Government |
|
Registered Capital: |
(As of 2014.09, 1
NTD = 0.0331 USD) |
|
Legal
Representatives: |
Congming Lin |
|
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 2007-10-31 with registered number 28601567 as Private Limited Liability Company in Taiwan.
Subject did not register any subsidiaries or branches; from other source we could not obtain the relevant information, either.
Major Shareholders
|
Name |
Subscription Amount |
|
Congming
Lin |
|
|
25,000,000 |
|
Core Management
Director
|
Name |
Congming Lin |
|
Position |
Director |
Personnel Structure
|
Total Employees |
About 100 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.26, Ln. 300, Dashe E. Rd., Ziguan Dist., Kaohsiung City 82648, Taiwan |
Production Information
Subject is a trader of dried fruit and the related products, etc. without any production activities.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
A102020 |
Processing industry for agricultural products |
|
A102060 |
The food business |
|
F101990 |
Other farmers livestock aquatic products wholesale |
|
F102020 |
Edible oil wholesaling |
|
F102170 |
Food wholesale goods |
|
F201010 |
Agricultural products retailing |
|
F201990 |
Other agriculture and aquatic products retail |
|
F203010 |
Food beverage retail goods |
The products of the subject are mostly purchased from abroad.
Subject is engaged in sale of dried fruit and the related products, etc.
The major products dried fruits, cereals and related products, etc.
Subject mainly sells its products in Taiwan.
Subject’s major customers are processers of food, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
Subject has little
domestic purchase.
Import
|
Products |
Dried fruit and
the related products, etc. |
|
Payment Terms |
L/C, T/T, etc. |
Domestic Markets
|
Product |
dried fruit and
the related products, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
Subject has little
export.
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
|
Name |
Ms. Wong |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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 |
|
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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 |
|
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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 |
-- |
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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.