MIRA INFORM REPORT
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Report Date : |
23rd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
ASIAN
PLASTIC MACHINERY CO LTD |
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Registered Office : |
Chung-Li Industrial Park 1 Sung Chiang North Rd
Chungli City Taoyuan Hsien 320, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
28.12.1987 |
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Com. Reg. No.: |
22663360 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Domestic purchase of raw materials, Assembly and
production of industrial machinery and other related products., Export its
finished products. |
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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Maximum Credit Limit : |
USD200,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company name
ASIAN
PLASTIC MACHINERY CO LTD
CHUNG-LI INDUSTRIAL PARK 1 SUNG CHIANG NORTH RD
CHUNGLI CITY TAOYUAN HSIEN 320, TAIWAN
TEL :886-3-4522288
FAX :886-3-4520261
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 28, 1987
REGISTRATION NO. :
22663360
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. CHENG-YUAN CHIANG (CHAIRMAN)
STAFF STRENGTH :
285
CAPITAL :
US$ 1,503,759
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : USD
200,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE : TWD 32.6942 = US$1 AS OF 2006-11-23
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*Company History*
===============
2004
- Sold about 2,500 units, posting a sales growth of 15 percent from the
previous year.
*Company Registration*
===================
License number :
22663360
Date issued :
28 December, 1987
Issuing authority :
Ministry of Economic Affairs (MOEA)
*Office & Facilities*
================
Size :
16,000 sq meters (floor area)
15,000 sq meters (land area)
Facilities :
Maintains digital proportional hydraulic controls, micro-processor controllers
and
multifunctional computer
system.
Comments
: Serves as office,
warehouse and factory.
Other email :
kcc@asianplastic.com.tw
russel@asianplastic.com.tw
Previous contact details
--------------------------------
Address
: 2Fl-6, 311 Chung Hsiao
East Rd Section 4, Hsin-i District Taipei City 110 Taiwan
Tel no : 2-27416923
Fax no : 2-7517482
Email address
:
asian02@ms7.hinet.net
*Corporate & Organization Structure*
=============================
Maintains R&D Division which uses Computer
Aided Design to shorten the amount of time needed to develop a product from a
concept.
*Insurance Companies*
==================
Insurance company : MINGTAI FIRE & MARINE INSURANCE CO LTD
*Reputation*
==========
Reference checking for the purpose of establishing
the firm's reputation within the respective industry failed to reveal any
negative information.
Web
site: www.asianplastic.com.tw
Email : asian@asianplastic.com.tw
For the
past two years there is no record of litigation.
*Major Shareholders*
=================
Shareholders' Name No. of Shares
------------------------- ------------------
Ms. Li-yuan Chiang 5,000,000
Mr. Han-hua Wu 5,000,000
Mr. Tai-hsiung
Hsieh
5,000,000
Mr. Cheng-yuan Chiang 5,000,000
Name Nationality
Job Description
Mr. Angus Kuei-ming Peng Taiwanese Sales
Manager
Mr. Cheng-yuan Chiang Taiwanese Director
Mr. David Cheng-wei Wu Taiwanese Sales
Manager
*Key Personnel*
============
Mr. Cheng-yuan Chiang
Founder :
Co-founder
Work experience
: More than 15 years
Responsibilities
: Daily operation of the
firm including all financial,sales and legal matters.
Resident status
: Taiwan
Other position
: Chairman of CHEN HSONG
MACHINERY TAIWAN CO LTD
*Main Products & Services*
======================
Specializing in three main areas of work:
1. Domestic purchase of raw materials.
2. Assembly and production of industrial machinery
and other related products.
3. Export its finished products.
Products also includes:
Ř 60-460
ton Direct hydraulic clamping system
Ř 50-450
ton Double toggle clamping system
Ř 550-3200
ton Two-platen hydro-mechanical clamping system
Ř 550-3100
ton Conventional hydro-mechanical clamping system
Ř Double
Toggle Injection molding machine
Ř Hydro-Mechanical
injection molding machine
Ř Direct
Hydraulic injection molding machine
Ř Two
Platen injection molding machine
Ř All-Electric
injection molding machine
Ř Hybrid
injection molding machine
Ř Dual Color injection molding machine
Ř Ultra
High Speed - 600mm/sec injection molding machine
Ř 5ton Micro
injection molding machine
Ř Hydraulic
electric hybrid machine
Ř Heavy
duty double toggle machine
Ř The
retractable tie bar machine
Products :
Ř
Industrial machinery
Ř
Injection molding machines
Ř
All-electric machine
Ř
CNC machining centers
Ř Double
toggle machine
Brand AP
*Payment Terms*
=============
Sales
-------
Local : Cash
30-60 days credit
Export :
Letter of Credit (L/C)
Documents against Acceptance (D/A)
Purchases
--------------
Local : Cash
30-60 days credit
Import :
Letter of Credit (L/C)
Documents against Acceptance (D/A)
*Competitors*
===========
The following locally based companies supply
similar range of products:
- MULTIPLAS ENGINERY CO LTD
- ACCUTECH MACHINERY CO LTD
- CHUAN LIH FA MACHINERY WORKS CO LTD
- JON WAI MACHINERY WORKS CO LTD
*Associations*
===========
Member of :
- Taiwan Association of Machinery Industry
*Exhibition Participation*
===================
Exhibition fair
: Taiwan Rubber and Plastics
Fair.
Year attended
: 2001
Details : Introduced Ultra High Speed Injection Molding
Machine
*Awards*
========
Obtained the following awards:
(1)
Award :
Top Prize in the Plastic Injection Category
of Taiwan Plastics &
Rubber Machinery Award
Year : 1999
Details :
Awarded for the debut of Two-Platen Hydro-Clamping injection
molding machine ranging
from 550-3200 ton.
(2)
Award : New
Design Award
Details :
Awarded for Ultra High Speed Injection Molding Machine.
*Quality Certification*
==================
Obtained the following certifications:
(1)
Type of certification : ISO 9001
Issuing authority : Bureau of
Commodity Inspection and Quarantine (BCIQ), Ministry of Economic
Affairs
Date of certification : August 1995
(2)
Type of certification : CE mark examination certificate
Date of certification : 1996
Details :
For European safety standard regulation.
(3)
Type of certification : ISO 14001 Environment Management System Certification
Issuing authority : CE
Date of certification : 2000
*Local Distribution Network*
=======================
10% of the annual turnover is attributed to local
sales
*Export Markets*
=============
90% of the annual turnover is attributed to
exports.
Products are exported to more than fifty countries
around the world which includes Southeast Asia and Central America.
*OVERSEAS AGENTS AND DISTRIBUTORS*
====================================
Maintains exclusive import agency with RE INDENTOR
SPECIALISTS INC, Philippines.
Agent :
RE INDENTOR SPECIALISTS INC
Global Identifier :
31107234
Country of Origin :
Philippines
Product Description : Industrial machinery
Brand :
AP
Year :
2001
*International Trade Ranking*
======================
The firm has been ranked among Taiwan's Top
Importers/Exporters based on the standard measured by the Board of Foreign
Trade (BOFT)
Details of rank are as follows :
Year Rank
------ ----------
1997 2324
*International Exhibition Participation*
============================
Participated in the following international
exhibitions:
(1)
Exhibition Fair
: K 1986 International
Trade Fair Plastics and Rubber
Year Attended
: 1986
Location
: Duesseldorf, Germany
(2)
Exhibition Fair
: Manufacturing
Technology Philippines 2000
Date Attended :
21-24 September, 2000
Location
: World
Trade Center Metro Manila, Philippines
(3)
Exhibition Fair
:
Manufacturing Technology World
Date Attended :
1-4 October, 2003
Location
: World
Trade Center - Metro Manila, Philippines
Details :
The event that brought together 6 power-packed events namely: Philtronics,
Plastic Philippines, Food Packaging and
Processing Philippines, PhilPrint, Metal
Philippines and Woodmach Philippines
(4)
Exhibition Fair
: Ukraine Plas
Date Attended :
3-6 March, 2004
Location
: Ukraine
(5)
Exhibition Fair
:
Interplastika
Date Attended :
9-12 March, 2004
Location
: Russia
(6)
Exhibition Fair
: Tpe Plas
Date Attended :
18-21 March, 2004
Location
: Taiwan
(7)
Exhibition Fair
: Argenplas
Date Attended :
22-26 March, 2004
Location
: Argentine
(8)
Exhibition Fair
:
INTERMOLDE
Date Attended :
14-17 April, 2004
Location
: Spain
(9)
Exhibition Fair
: Hanoi
Date Attended :
27-30 April, 2004
Location
: Vietnam
(10)
Exhibition Fair
: Plast
Imagen Mexico 2004
Date Attended :
27-30 April, 2004
Location
: Mexico
(11)
Exhibition Fair
: N/A
Date Attended :
7-11 May, 2004
Location
: Thailand
(12)
Exhibition Fair
: 9th Int'l
Event for Processing, Packaging, Canning, Bottling and Labeling
Date Attended :
9-13 May, 2004
Location
: Saudi
Arabia
(13)
Exhibition Fair
: PPP
PAKISTAN
Date Attended :
25-28 May, 2004
Location
: Pakistan
(14)
Exhibition Fair
: IPAF
Izmir Fair
Date Attended :
27-30 May, 2004
Location
: Turkey
(15)
Exhibition Fair
: Plaspol
Date Attended :
27-30 May, 2004
Location
: Poland
(16)
Exhibition Fair
: Plastec
East 2004
Date Attended :
15-17 June, 2004
Location
: USA
(17)
Exhibition Fair
: Plast
Pack Africa Nil
Date Attended :
23-26 June, 2004
Location
: Kenya
(18)
Exhibition Fair
: N/A
Date Attended :
8-11 July, 2004
Location
: Malaysia
(19)
Exhibition Fair
: N/A
Date Attended :
28-31 July, 2004
Location
: Indonesia
(20)
Exhibition Fair
: BVV Brno
Date Attended : 15-19
September, 2004
Location
: Czech
(21)
Exhibition
Fair :
The International Packaging, Printing & Plastics Technology Exhibition
T.ASeries
Date Attended : 19-22 September, 2004
Location
: U.A.E.
(22)
Exhibition Fair
: Colombiaplast
Date Attended : 28 September -
2 October, 2004
Location
: Colombia
(23)
Exhibition Fair
: N/A
Date Attended : October 2004
Location
:
Philippines
(24)
Exhibition Fair
: K Fair
Micro-injection CHEN PET(HK CH)
Date Attended : 20-27 October,
2004
Location
: Germany
(25)
Exhibition Fair
: Ho Chi
Min
Date Attended
:
18-21 November, 2004
Location
: Vietnam
(26)
Exhibition Fair
: TUYAP
Date Attended : 1-5 December,
2004
Location
: Turkey
(27)
Exhibition Fair
: Plastivision
2004 Mumbai
Date Attended : December 2004
Location
: India
(28)
Exhibition Fair
:
Argenplast 2006
Date Attended
:
20-24 March, 2006
Location
: Buenos
Aires, Argentina
(29)
Exhibition Fair
:
Plastimagen
Date Attended : 28-31 March,
2006
Location
: Cuidad de
Mexico
(30)
Exhibition Fair
: FAIR
IZMIR
Date Attended : 5-7 April,
2006
Location
: Turkey
(31)
Exhibition Fair
:
Brazilplast 06
Date Attended
:
10-15 April, 2006
Location
: Brazil
(32)
Exhibition Fair
: PPP
Pakistan
Date Attended : 9-12 May, 2005
Location
: Pakistan
(33)
Exhibition Fair
: AUSITECH
2006
Date Attended : 9-12 May, 2006
Location
: Aussie
(34)
Exhibition Fair
: PRIMUS:
INTERPLASTICA
Date Attended : 5-8 April,
2006
Location
: Ukraine
(35)
Exhibition Fair
: Int'l Metalworking,
automation and industrial machine exhibition
Date Attended : 10-14 May,
2006
Location
: Thailand
(36)
Exhibition Fair
: IIME
Vietnam 2006
Date Attended : 16-19 May, 2006
Location
: Vietnam (
Ho Chi Min City )
(37)
Exhibition Fair
: MSV 2006
Date Attended : 16-19 May,
2006
Location
:
Czech Republic, Brno
(38)
Exhibition Fair
: Saudi
Print, Pack, Plas and Petrochem 2006
Date Attended
:
28 May, 2006 - 1 June, 2006
Location
: Saudi
Arabia - Jeddah
(39)
Exhibition Fair
: PlastPol
Date Attended : 30 May, 2006 -
2 June, 2006
Location
: Poland
(40)
Exhibition Fair
: 38eme
Foire International d'Alger
Date Attended
:
1-8 June, 2006
Location
: Algeria
(41)
Exhibition Fair
: NPE 2006
Date Attended
:
19-23 June, 2006
Location
: USA
(42)
Exhibition Fair
: Malaysia
Plas
Date Attended
:
6-9 July, 2006
Location
: Malaysia
(43)
Exhibition Fair
: INCO 2006
Date Attended : 12-14 August,
2006
Location
: Sri Lanka
(44)
Exhibition Fair
: Balkan
Plast Romania 2006
Date Attended
:
6-8 September, 2006
Location
: Romania
(45)
Exhibition Fair
:
INTERNATION EXHIBITION & SPORT CENTER Almaty
Date Attended : 13-16
September, 2006
Location
: Kazahkstan
(46)
Exhibition Fair
:
Phillipines Plas
Date Attended : 20-23
September, 2009
Location
:
Philippines
(47)
Exhibition Fair
:
FAKUMA
Date Attended : 17-21
September, 2006
Location
:
Friedrichshafen, Germany
(48)
Scheduled Fair
----------------------
(1)
Exhibition Fair
: Expo Pack
Colombia 2006
Date Attended
:
15-19 November, 2006
Location
: Bogota,
Colombia
(2)
Exhibition Fair
: Techno
2006
Date Attended
:
24-26 November, 2006
Location
: Sri Lanka
(3)
Exhibition Fair
: FAIR
ISTANBUL
Date Attended
:
29 November, 2006 - 3 December, 2006
Location
: Turkey
(4)
Exhibition Fair
: Indonesia
Plastic
Date Attended : 7-10 December,
2006
Location
: Indonesia
(5)
Exhibition Fair
: IRAN
PLAST 2006
Date Attended
:
13-17 December, 2006
Location
: Asafetida
(6)
Exhibition Fair
: Plastec
West 2007
Date Attended
:
31 January, 2007 - 2 February, 2007
Location
: USA
(7)
Exhibition Fair
: Tunis
fair
Date Attended : 1-4 february,
2007
Location
: Tunisia
(8)
Exhibition Fair
: Saudi
Print, Pack, Plas and Petrochem 2007
Date Attended : 12-15
February, 2007
Location :
Saudi Arabia-Riyadh
(9)
Exhibition Fair
: ARAPLAST
2007
Date Attended : 20-24 March,
2007
Location
: N/A
*(Subsidiaries , Joint-ventures &
Affiliates)
================================
Company Name : CHEN HSONG MACHINERY TAIWAN CO LTD
Global Identifier : 31508669
Address : 2Fl, 311 Chung Hsiao East Rd Section 4 Ta-an
Dist Taipei City 106 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Machinery
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Maintains service stations in Dubai and Mexico.
*Strategic Partners & Alliances*
=========================
Group/Alliance name : CHEN HSONG GROUP, THE
Group members :
China
---------
CHEN HSONG CAD CAM
(SHENZHEN) CO LTD
CHEN HSONG
HYDRAULIC EQUIPMENT (SHENZHEN) CO LTD
CHEN HSONG
INDUSTRIAL PARK (SHENZHEN) CO LTD
CHEN HSONG
MACHINERY EQUIPMENT (SHENZHEN) CO LTD
CHEN HSONG
MACHINERY (NINGBO) CO LTD
CHEN HSONG
MACHINERY (SHENZHEN) CO LTD
CHEN HSONG
PRECISION MOULD (SHENZHEN) CO LTD
CHEN NING PLASTICS
MACHINERY CO LTD
GUANGZHOU CHEN GAO
MACHINERYCO LTD
INTRA-ITALIA
HYDRAULICS (SHUNDE) CO LTD
SHANDONG CHEN HUA
PLASTICS MACHINERY CO LTD
CHEN DE PLASTICS
MACHINERYCO LTD
SHUNDE CHEN DE
NO.2 PLASTICS MACHINERY CO LTD
CHEN DE NO.3
PLASTICS MACHINERY CO LTD
SHENZHEN CHEN
HSONG PRECISION EQUIPMENT LTD (Foundry
Department) Hong
Kong / Macau
------------------------------
ASIAN PLASTIC
MACHINERY MACAO COMMERCIAL OFFSHORE CO LTD
CHEN HSONG FINANCE
& MANAGEMENT SERVICES LTD
CHEN HSONG
INDUSTRIAL TRADING CO LTD
CHEN HSONG
LOGISTICS SERVICES CO LTD
CHEN HSONG
MACHINERY CO LTD
CHEN HSONG
PRECISION MOULD CO LTD
CHEN HSONG
TECHNOLOGY CO LTD
CHEN YUSHIN CO LTD
CHEN HSONG
MACHINERY MACAO COMMERCIAL OFFSHORE CO LTD
Taiwan
------------
CHEN HSONG
MACHINERY TAIWAN CO LTD
ASIAN PLASTIC
MACHINERY CO LTD
Details : The group is organized by a group of
professional, diligent, and technical skillfully staffs.
PAYMENT RATING :3 OBTAINED SCORES :
72
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
NR |
No Data |
No Data |
The
rating indicates the payment pattern of SC based upon our Payment Database,
comments from suppliers of SC, information from banks (if available), as well
as industrial sources.
Dealings on open terms may be possible for MODERATE
amounts depending on individual judgement experience.
*Bank Details*
============
Bank name : BANK OF TAIWAN
Branch : Neili
As a private limited company with a paid-up capital
of less than USD 6 million, there is no legal requirement according to local
corporate law for public disclosure of detailed financials.
*Financial Summary
(Currency: U.S. $'s)
===============================
Year Sales
Assets Net Income
2003 $18,984,516.67 n/a n/a
2004 $29,353,383.46 $7,969,924.81 n/a
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports
Exports Total
2001 $4,118.02
$1,213,643.99 $1,217,762.01
2002 $817.99
$19,272,229.00 $19,273,046.99
2003 $86.01
$17,086,064.99 $17,086,151.00
2004 $1,240.00
$26,759,144.99 $26,760,384.99
2005 $5,000.00
$35,000,000.00 $35,005,000.00
SC is
considered medium-sized in its line with favorable market conditions. It is
considered a credit line up to USD200,000 appears to be within SC’s capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Exporting 3500 Industrial
Machinery & Equipment
Manufacturing
3500 Industrial Machinery & Equipment
Manufacturing
3559 Special industry machinery, and parts
Manufacturing
5084 Industrial Machinery/Equip
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Exporting 8477108010 Injection-molding machines of a type used for processing rubber
or other
thermosetting
materials
Exporting 8477908010 Other parts of injection-molding machines
Exporting 8479 Machines
etc having individual functions, parts
Manufacturing
8465100050 Mach tools for working cork, bone, hard
rubber, hard plastics or similar
hard
materials which use different machining operations w/out tool
change
Manufacturing
8477106010 Injection-molding machines of a type used
for processing rubber or other
thermosetting
materials
Manufacturing
8477908010 Other parts of injection-molding machines
Manufacturing
8479 Machines etc having individual functions, parts
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Product/Service Description
Manufacturing
Electrical machines
Manufacturing
Heavy two platen machine
Manufacturing
Micro machine
Manufacturing
Plastic injection machines
Manufacturing
Vertical injection machine
Manufacturing
Ultra high speed machine
Manufacturing
Molding machine
Manufacturing
Injection moulding machines
Manufacturing
Injection molding machines
Manufacturing
High speed machines
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Argentina
Exporting to Asia
Exporting to Australia
Exporting to Austria
Exporting to Brazil
Exporting to Canada
Exporting to Chile
Exporting to China
Exporting to Colombia
Exporting to Costa Rica
Exporting to Czech Republic
Exporting to Ecuador
Exporting to Egypt
Exporting to Europe
Exporting to Finland
Exporting to Germany
Exporting to Guatemala
Exporting to Hong Kong
Exporting to India
Exporting to Indonesia
Exporting to Iran
Exporting to Kuwait
Exporting to Latvia
Exporting to Lebanon
Exporting to Malaysia
Exporting to Mexico
Exporting to Middle East
Exporting to Myanmar
Exporting to Nigeria
Exporting to North America
Exporting to Oceania
Exporting to Pakistan
Exporting to Peru
Exporting to Philippines
Exporting to Poland
Exporting to Saudi Arabia
Exporting to Singapore
Exporting to South Africa
Exporting to South America
Exporting to Spain
Exporting to Syria
Exporting to Thailand
Exporting to Turkey
Exporting to UAE
Exporting to USA
Exporting to Ukraine
Exporting to Venezuela
Exporting to Vietnam
Importing from Asia
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|