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Report No. : |
306139 |
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Report Date : |
07.02.2015 |
IDENTIFICATION DETAILS
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Name : |
PEI CHEN CORPORATION |
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Registered Office : |
No.26, |
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Country : |
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Date of Incorporation : |
16.03.1991 |
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Com. Reg. No.: |
86017536 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Sales of Tea and Related
Products. |
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No. of Employees : |
About 95 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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.
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.
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.26, Wucyuan
6th Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-2-2299-2629 |
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Fax Number: |
Notes: The exact name and address are as above.
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Credit Opinion: |
Subject was incorporated
on 1991-3-16 with registered number 86017536
as Joint Stock Company in Taiwan.
Change of Name
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Former English Name: |
Pei Chen Corporation |
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Current English Name: |
Huang Kuan Co., Ltd. |
Factory
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Address: |
3F and 4F, No.26, Wucyuan 6th
Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
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Date of Registration: |
2008-6-10 |
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Factory Registration Number: |
99718415 |
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Factory Manager: |
Yichen You |
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Status: |
In products |
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Date of Last Annual Return: |
2008-6-10 |
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Major Products: |
089 other food |
Major Shareholders
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Name |
Subscription Shares |
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Yichen You |
3,000,000 |
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Weihua Cai |
1,600,000 |
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Heqin You |
200,000 |
Core Management
Directors
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1 |
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Name |
Yichen You |
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Position |
Board Chairman |
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2 |
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Name |
Weihua Cai |
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Position |
Director |
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3 |
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Name |
Heqin You |
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Position |
Director |
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4 |
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Name |
Qiujiang Cai |
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Position |
Supervisor |
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Personnel
Structure
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Total Employees |
About 95 Employees |
Offices &
Factories
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Headquarters |
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Add |
No.26, Wucyuan 6th Rd., Wugu Dist., New Taipei City 248, Taiwan
(R.O.C.) |
Production
Information
Subject is engaged in manufacturing of tea and related products, etc.
Subject has a factory in Taiwan for production.
Subject obtained the certification of ISO 22000, HACCP and ISO 9001.
Purchase
Information
The registered activities of subject:
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Business Code |
Details |
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C111010 |
Manufacturing of tea. |
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F102050 |
Wholesales of tea. |
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C199990 |
Manufacturing of other unclassified food. |
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F102170 |
Wholesales of food and miscellaneous goods. |
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C901010 |
Manufacturing of ceramics. |
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C901020 |
Manufacturing of glass and its products. |
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F106050 |
Manufacturing of pottery and glass ware. |
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CC01030 |
Manufacturing of electrical and audio visual electronic products. |
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F113020 |
Wholesales of electrical appliances. |
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I501010 |
Designing for products. |
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ZZ99999 |
Besides licensed business, all other business items those are not banned
or restricted. |
It is introduced that subject purchases its raw materials and etc both
at home and abroad.
Subject is engaged in sale of tea and related products.
The major products include bubble loose tea, tea presso tea bag, seasons
tea, tea presso tea bag, tea dust, instant powder, smoothie & jelly powder,
toppings, the 3D triangular tea bags, commercial tea bags, boutique afternoon
tea raw materials, herbal tea, Taiwan fruit jams and so on.
Subject’s sales regions include Asia, Europe, America and etc.
Subject’s major customers are supermarket, café, restaurant and etc.
It is introduced that subject can provide OEM services.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
PURCHASE
Domestic Purchase
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Products |
Raw materials and etc |
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Payment Terms |
Cash, T/T and etc |
Import
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Products |
Raw materials and etc |
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Payment Terms |
L/C, T/T and etc |
SALES
Domestic Markets
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Product |
Tea and related products, etc. |
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Selling Terms |
Cash, T/T and etc |
Export
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Product |
Tea and related products, etc. |
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Selling Terms |
L/C, T/T and 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 Mr. Lin 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
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.61.74 |
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1 |
Rs.94.64 |
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Euro |
1 |
Rs.70.79 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared by
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NIT |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.