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Report No. : |
302579 |
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Report Date : |
16.01.2015 |
IDENTIFICATION DETAILS
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Name : |
BENLIVAN CO., LTD. |
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Registered Office : |
1F., No.9, Ln. 87, Taiping Rd., Taiping Dist., Taichung City 41165 |
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Country : |
Taiwan |
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Date of Incorporation : |
12.08.2011 |
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Com. Reg. No.: |
53508189 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of Auto Spare Parts. |
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No. of Employees : |
About 10 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Taiwan |
A2 |
A2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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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.
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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. 30,
Shangming 2nd Street, Xitun District, Taichung City, Taiwan |
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Supplied Address: |
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Telephone Number: |
+886-4-2451-7889 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above.
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Registered Name: |
Benlivan Co., Ltd. |
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Registered Address: |
1F., No.9, Ln. 87, Taiping Rd., Taiping
Dist., Taichung City 41165, Taiwan (R.O.C.) |
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Date of Foundation: |
2011-8-12 |
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Registration Number: |
53508189 |
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Registry: |
Taichung City Government |
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Registered Capital: |
NTD 1,000,000
(USD 31,000) (As of 2015.01, 1 NTD = 0.0310 USD) |
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Legal Representatives: |
Qiaoling Su |
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Legal Form: |
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Principal Activities: |
Trading of auto
spare parts, etc |
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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 2011-8-12 with registered number 53508189
as Private Limited Liability Company in Taiwan.
Related Company
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Name: |
Benkai Co., Ltd. |
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Address: |
No. 30, Shangming 2nd Street,
Xitun District, Taichung City, Taiwan |
Major Shareholders
|
Name |
Subscription Amount |
|
Qiaoling Su |
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|
1,000,000 |
Core Management
|
Name |
Qiaoling Su |
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Position |
Director |
Personnel
Structure
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Total Employees |
About 10 Employees |
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Headquarters |
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Add |
No. 30, Shangming 2nd Street, Xitun District, Taichung City,
Taiwan |
Production
Information
Subject is a trader of auto
spare parts, etc without any production activities.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
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F106010 |
Wholesale of hardware |
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F113010 |
Wholesale of machinery |
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F114010 |
Wholesale of automobile |
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F114020 |
Wholesale of haulage motor |
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F114030 |
Wholesale of the components of auto and haulage motor |
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F114040 |
Wholesale of bicycle and related parts |
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F114990 |
Wholesale of other transportation facilities and components |
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F401010 |
International trade business |
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CB01990 |
Manufacture of other machinery |
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CP01010 |
Manufacture of hand tool |
Subject purchases products mainly in Taiwan domestic market.
· Subject is engaged in sale of auto spare parts, etc.
· Subject’s major products include diesel engines, brake disc, connecting rod, cylinder head gasket, valve, glow plug, impeller, oil piston ring set, piston set, repair kit, valve seal and water pump, etc.
· The products are applied to automobiles, motorcycles forklifts, earth moving machines, construction equipments and industrial equipments, etc.
· Subject’s sales regions include Asia, Middle East and Africa, etc.
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 |
Auto spare parts, etc |
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Payment Terms |
Cash, T/T, etc |
Import
Subject has little import.
SALES
Domestic Markets
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Product |
Auto spare parts, etc |
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Selling Terms |
Cash, T/T, etc |
Export
|
Product |
Auto spare parts, 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
|
Name |
Ms. Su |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.76 |
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|
1 |
Rs.94.02 |
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Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
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.