MIRA INFORM REPORT
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Report No. : |
331852 |
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Report Date : |
18.07.2015 |
IDENTIFICATION DETAILS
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Name : |
BUDWIG DIET FOOD HEALING COMPANY |
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Registered Office : |
No.37, Aly. 1, Ln. 322, Heping 2nd Rd., Lingya Dist., Kaohsiung City 802 |
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Country : |
Taiwan |
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Date of Incorporation : |
23.6.2014 |
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Com. Reg. No.: |
38720660 |
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Legal Form : |
Proprietorship |
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Line of Business : |
Not Available NOTE: We tried to confirm
/ obtain the detailed activity but the same is not available from any
sources. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
NB |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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-- |
NB |
New Business |
-- |
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Status : |
New Company |
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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.
ECGC Country Risk Classification List – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Taiwan |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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. However, follow-on components of ECFA, including a signed agreement on trade in services, negotiations on trade in goods, and dispute resolution—have stalled. In early 2014, the government bowed to public demand for 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 under 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 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 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 the Taiwan 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.
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Source
: CIA |
Contact
Points
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Company Name: |
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Supplied Name: |
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Supplied Address: |
Credit
Summary
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Credit Opinion: |
In view of the absence of information about subject’s status, caution
should be exercised. |
Special
Note
From public files, we found a mobile number +886-952722700, a telephone number +886- 7-7611075 and a fax number +886-7-7224960 belong to subject. We tried to contact with the subject through the mobile number and telephone number for several times, however, the mobile phone cannot be got through and there was no one answer the telephone. And we also sent a fax to the subject, there was no reply at this stage.
According to the supplied name and address, we can not find other valid contact information of subject.
Update to date of reporting, we failed to get in touch with subject. If you can supply a current telephone, we’d like to have the investigation resumed.
We found subject’s registration information as follows for reference.
Company
Identification Details
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Registered Name: |
Budwig Diet Food Healing Company |
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Registered Address: |
No.37, Aly. 1, Ln. 322, Heping 2nd Rd., Lingya Dist., Kaohsiung City
802, Taiwan (R.O.C.) |
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Date of Foundation: |
2014-6-23 |
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Business Registration No.: |
38720660 |
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Registry: |
Economic Development Bureau Kaohsiung City Government |
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Registered Capital: |
(As of 2015.07, 1 NTD = 0.032 USD) |
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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: |
Notes: Since we didn’t contact subject successfully, the principal activities
and staff number are not available from any sources.
History
Subject was incorporated on 2014-6-23 with Business Registration No.: 38720660 as Proprietorship in Taiwan.
Corporate
Structure
Subject did not register any subsidiaries or branches; from other source we could not obtain the relevant information, either.
Owner
Core Management
Directors
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Name |
Yingcong Chen |
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Position |
Owner |
Operation
Information
From public files, we found subject’s operation information as following:
The subject was mainly engaged in trading of food, such as dairy and etc.
Since we failed to contact with the subject, the above information cannot be confirmed by the subject.
l
The registered activities of subject:
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Business Code |
Details |
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F102170 |
Wholesales of food and miscellaneous goods. |
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F102020 |
Wholesales of edible fat and oil. |
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F101130 |
Wholesales of vegetables and fruit. |
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F102040 |
Wholesales of dinks. |
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F102050 |
Wholesales of tea. |
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F105050 |
Wholesales of furniture, sleeping supplies,
kitchenware and decoration. |
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F106020 |
Wholesales of daily supplies. |
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F106050 |
Wholesales of ceramic product and glassware. |
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F106060 |
Wholesales of pet food and products. |
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F107030 |
Wholesales of cleaning supplies. |
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F107200 |
Wholesales of chemical materials. |
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F108040 |
Wholesales of cosmetics. |
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F109070 |
Wholesales of education and culture products,
music instrument and entertainment items. |
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F401010 |
International trading business. |
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F121010 |
Wholesales of food additives. |
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F201010 |
Retails of agriculture products. |
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F203010 |
Retails of food, drinks and miscellaneous goods. |
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F205040 |
Retails of furniture, sleeping supplies,
kitchenware and decoration. |
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F206020 |
Retails of daily supplies. |
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F206050 |
Retails of pet food and products. |
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F207030 |
Retails of cleaning supplies. |
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F207200 |
Retails of chemical materials. |
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F208040 |
Retails of cosmetics. |
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F209060 |
Retails of education and culture products, music
instrument and entertainment items. |
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F221010 |
Retails of food additives. |
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F399040 |
No store retails. |
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F399990 |
Other comprehensive retails. |
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F207190 |
Retails of plastic film and bags. |
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C102010 |
Manufacturing of dairy. |
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F207990 |
Retails of other chemical products. |
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F208050 |
Retails of B-class medicine. |
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C103050 |
Manufacturing of can food, frozen food,
dehydrated food and pickled food. |
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C104020 |
Manufacturing of bakery food, steamed food. |
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C109010 |
Manufacturing of condiment. |
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C199030 |
Manufacturing of ready-to-eat meals. |
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J801030 |
Athletics and leisure sports venues industry. |
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J802010 |
Exercise training industry. |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
Settlements
Since we didn’t contact subject successfully, the settlement information is not available from any sources.
Financial
Information
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.
Since we didn’t contact subject successfully, the financial information is not available from any sources.
Bankers
Since we didn’t contact subject successfully, the bank information is not available from any sources.
Public
Record
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.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 63.49 |
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1 |
Rs. 99.43 |
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Euro |
1 |
Rs. 69.14 |
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
DPT |
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 |
-- |
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.