|
Report No. : |
352264 |
|
Report Date : |
04.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
ATC LIMITED TAIWAN BRANCH (H.K.) |
|
|
|
|
Registered Office : |
11F., NO.58, Fusing N. Rd., Jhongshan
District, Taipei City 10488, Taiwan (R.O.C.) |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
19.11.2013 |
|
|
|
|
Com. Reg. No.: |
54371859 |
|
|
|
|
Legal Form : |
A Branch of ATC Limited |
|
|
|
|
Line of Business : |
Providing of Purchasing Service. |
|
|
|
|
No. of Employees : |
About 25 |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Taiwan |
A1 |
A1 |
|
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. 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. However, follow-on components of the ECFA, including a signed agreement on trade in services and negotiations on trade in goods and dispute resolution, have stalled. In early 2014, the government bowed to public demand and proposed a new law governing the oversight of cross-Strait agreements, before any additional deals with China are implemented; the legislature has yet to vote on such legislation, leaving the future of ECFA up in the air as President MA enters his final full year in office. MA has portrayed ECFA as Taiwan’s key to greater participation in East Asia’s free trade networks.
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 expected to account for nearly 20% of the island's total population by 2025.
The island runs a trade surplus, largely because of its surplus with China, and its foreign reserves are the world's fifth largest, behind those of China, Japan, Saudi Arabia, 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, the Taiwan Central Bank signed a memorandum of understanding (MOU) 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 has helped Taiwan develop into a local RMB hub.
Closer economic links with the mainland bring greater opportunities for Taiwan’s economy but also pose new challenges as the island becomes more economically dependent on China at a time when political differences remain unresolved. During 2014, the press paid increasing attention to domestic economic issues, while pushing aside the debates over trade liberalization that were a hallmark of MA’s tenure. The media focused on the divide between Taiwan’s “haves” and “have nots,” providing extensive coverage of public frustration with stagnant wages, skyrocketing housing prices, and the difficulty of finding decent entry-level jobs.
|
Source
: CIA |
A foreign company usually adopts the form of Branch Company to operate in Taiwan. But the legal name in the place of origin should be registered in Taiwan either. So in fact only one operating entity but two set of registration information and the actual operating entity is the branch.
|
Company Name: |
ATC LIMITED TAIWAN BRANCH (H.K.) |
|
Supplied Name: |
|
|
Trading Address: |
11F., NO.58,
Fusing N. Rd., Jhongshan District, Taipei City 10488, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2740-2214 |
|
Fax Number: |
Notes: The exact name and address are as above. The relevant
staff of the subject introduced that the supplied number +886-2-2741-2213 is
subject’s fax number.
|
Registered Name: |
ATC Limited Taiwan Branch (H.K.) |
|
Registered Address: |
11F., NO.58, Fusing N. Rd., Jhongshan
District, Taipei City 10488, Taiwan (R.O.C.) |
|
Date of Foundation: |
2013-11-19 |
|
Registration Number: |
54371859 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
N/A |
|
Manager: |
Wang Hsiu-Ching |
|
Legal Form: |
A Branch of ATC Limited |
|
Principal Activities: |
Providing of Purchasing Service. |
|
Staff: |
About 25 employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
-- |
Note: The subject is
registered as a branch, the registered capital is not available from local
registry or any other sources.
Subject was incorporated
on 2013-11-19 with registered number 54371859
as A Branch of ATC Limited in
Taiwan.
Registered files show that subject’s
headquarter “ATC Limited” registered in Taiwan on 2013-11-19
According to the local laws in Taiwan, if a
foreign company wants to establish Branch Company in Taiwan, it should register
at local registry in Taiwan at first. We found the registration information of
the company ATC Limited in the Department of Commerce, Ministry of Economic
Affairs of Taiwan as below for your reference:
Headquarters
|
Registered Name: |
ATC Limited |
|
Registered Address: |
11F., NO.58, Fusing N. Rd., Jhongshan
District, Taipei City 10488, Taiwan (R.O.C.) |
|
Date of Foundation: |
2013-11-19 |
|
Registration Number: |
54371859 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
In the Republic of China Operating Funds: |
NTD 5,000,000 (USD 153,000) (As of 2015.12, 1 NTD = 0.0306 USD) |
|
Litigation and Non-litigation Agent's Name: |
Wang Hsiu-Ching |
|
Legal Form: |
Private Limited Liability Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-5-20 |
|
Major Related Company Originally the company established at Hong Kong, the following company
is its related company. |
|
|
Name: |
YA Di Si (Shenzhen) Trading Co. Ltd.
(literal translation) |
|
Address: |
Room 20A, Ruijun Business Building, Shajing
Zhongxin Rd., Baoan Dist., Shenzhen, Guangdong Province, China |
|
Name: |
ATC Limited |
|
% of investment |
100% |
Core Management
|
Name |
Wang Hsiu-Ching |
|
Position |
Manager |
Personnel Structure
|
Total Employees |
About 25 employees |
|
|
Headquarters |
|
Add |
11F., NO.58, Fusing N. Rd., Jhongshan District, Taipei City 10488,
Taiwan (R.O.C.) |
Operation Information
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International trade |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
Subject is engaged in providing of purchasing
service for Accell Group.
The major products purchased by the subject are bicycle, such as
multipurpose bicycle, off-road bicycle, electric
bicycle, mini bicycle, climbing bicycle, special bicycle and so on.
Subject’s service regions mainly focus on Europe and America.
One of subject’s major customers is Accell North America Inc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Subject declined to disclose the detail settlement
information, and it is introduced that the details of settlements are to be
negotiated.
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. Wang |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.75 |
|
|
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.70.67 |
|
TWD |
1 |
Rs.2.05 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.