MIRA
INFORM REPORT
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Report Date : |
29th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
JON WAI MACHINERY WORKS CO LTD |
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Registered Office : |
11fl-3, 30 Chung Shan North Rd Section 3 Chungshan Dist Taipei
City 104, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
13.01.1982 |
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Com. Reg. No.: |
69706191 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged
in manufacturing and exporting injection moulding machines. |
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 : |
USD300,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name & Address
JON WAI MACHINERY WORKS CO LTD
11FL-3, 30 CHUNG SHAN NORTH RD SECTION 3 CHUNGSHAN DIST TAIPEI
CITY 104, TAIWAN
TEL :886-2-25954867
FAX :886-2-25932358
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 13, 1982
REGISTRATION NO. :
69706191
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. ROBIN HSU-TENG PAN (CHAIRMAN)
STAFF STRENGTH :
150
CAPITAL :
US$ 4,900,459
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 300,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.92000 = US$1 AS OF 2007-1-29
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*
===============
October
1998 - Opened the NTD
0.5 billion plant in Tainan Science Park
*Company
Registration*
===================
License
number : 69706191
Date
issued : 13 January, 1982
Issuing
authority : Ministry of Economic Affairs (MOEA)
*Office
& Facilities*
===============
Size : 181 sq meters
Location : Taipei City
Property
status : Owned by JON WAI MACHINERY WORKS CO LTD
Facilities : Modern
Type of
building : Commercial
Other
email address :
jonwai.mc@msa.hinet.net
*Factories,
Size & Locations*
========================
Land
area : 6,600 ping
*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.jonwai.com.tw The design is professional and the content
is well organized. At present it is in English version.
Email : jonwai@tpts5.seed.net.tw
For the past
two years there is no record of litigation.
*Major
Shareholders*
=================
Shareholders' Name No. of Shares
--------------------------- ------------------
Mr.
Robin Hsu-teng Pan 1,803,147
Mr.
Shou-jen Pan 1,803,147
Mrs.
Pi-chu Pan Yeh 974,310
Mr.
Lung-ta Cheng 473,520
Mr.
Su-ching Pan Cheng 196,000
Name Nationality
Job Description
Mr.
Johnson Chiang-sheng Chang Taiwanese
Manager Sales
Mr.
Lung-ta Cheng Taiwanese
General Manager
*Key
Personnel*
============
Mr.
Robin Hsu-teng Pan
Founder : Co-founder
Work
experience : More than 20 years.
Resident
status : Taiwan
Responsibilities :
Handles the daily operation of the firm including all financials and legal
matters.
*Main
Products & Services*
======================
Specializes
in manufacturing and exporting injection moulding machines.
Products
: Evaporative air coolers
Industrial
robots
Injection
molded parts
Regulating
instrument parts
Injection
moulding machines
Brand
Jon Wai
*Payment
Terms*
=============
Sales
------
Local : Cash
30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Local : Cash
30-90 days credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
===========
The
following locally based companies supply similar range of products :
- ASIAN
PLASTIC MACHINERY CO LTD
-
ACCUTECH MACHINERY CO LTD
- CHUAN
LIH FA MACHINERY WORKS CO LTD
-
MULTIPLAS ENGINERY CO LTD
*Production
Capacity*
==================
Item : Plastic injection molding machines
Current
capacity : 700 sets/year
*Exhibition
Participation*
===================
Participated
in the following local exhibitions :
(1)
Exhibition
fair : Taipei Int'l Plastic &
Rubber Industry Show
Date
attended : 30 September - 4
October, 1999
Location :
Taipei World Trade Center Exhibition Hall
(2)
Exhibition
fair :
Taipei Int'l Plastic & Rubber Industry Show (Taipei Plas 2004)
Dates
attended : 18-21 March, 2004
Location :
Taipei World Trade Center - Exhibition Hall
*Associations*
===========
Member
of :
- Taiwan
Association of Machinery Industry
*Machinery
& Equipment*
====================
300-600
units of machines ranging up to 4,000 tons.
*Quality
Certification*
==================
Type of
certification : ISO 9001
Issuing
authority : DNV
Received
CE certification.
*Technologies
Developed and/or Acquired*
====================================
Technology
developed : Two-staged
injection molding
Model : SD Series
Year
developed : 2001
Specifications : Ideal for making plastic containers for jelly, pudding
and yogurt.
*Local
Distribution Network*
=======================
10% of
the annual turnover is attributed to local sales.
*Export
Markets*
=============
90% of
the annual turnover is attributed to export.
*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
1993
*LOCAL
BRANCHES & MANAGEMENT*
=================================
Branch : JON WAI MACHINERY
WORKS CO LTD
Branch
Address : 9Fl-1, 378 Wen Hua
2nd Rd Section 1 Linkou Hsiang, Taipei Hsien 244
Branch
Tel : [+886]
2-26006312
Branch
Fax : [+886] 2-26006313
*Subsidiaries,
Joint-ventures & Affiliates*
================================
Maintains
35 overseas service stations, sales and service centers cover over 50 countries
around the world:
Europe
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- Italy
- Spain
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Portugal
- Czech
Republic
- Greece
- Poland
USA
--------
- Mexico
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Ecuador
-
Argentina
- Costa
Rica
- Brazil
Africa
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- South
Africa
- Egypt
-
Morocco
Middle-East
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- Syria
- Israel
- India
- Saudi
Arabia
-
Lebanon
- Turkey
Asia and
Oceania
------------------------
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Australia
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Hongkong
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Thailand
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Indonesia
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Malaysia
*Branches*
========
Maintains
five local sales offices
PAYMENT RATING :3 OBTAINED SCORES :
70
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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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.
As a
private limited company with a paid-up capital of less than USD 6 million,
there is no legal requirement according to Taiwan corporate law for public
disclosure of detailed financials.
*Financial
Summary (Currency: U.S. $'s)
===============================
Year Sales
Assets Net Income
2004 $26,706,766.92 $31,338,345.86 $484,210.53
*Int´l
Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports
Total
1992 $0.00 $4,500,000.00
$4,500,000.00
1996 $300,000.00 $9,500,000.00
$9,800,000.00
1997 $0.00 $25,000,000.00
$25,000,000.00
1998 $400,000.00 $11,200,000.00
$11,600,000.00
2003 $191,634.98 $15,322,610.99
$15,514,245.97
2004 $286,216.99 $17,849,944.00
$18,136,160.99
2005 $1,159,163.98 $16,219,332.99 $17,378,496.97
Over the
past 25 years, SC has made a stable growth with satisfactory profit. It is
considered a credit line up to USD300,000 appears to be within SC’s capacities.
ATTACHED: TRADE REFERENCES
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Manufacturing 3500 Industrial Machinery &
Equipment
Manufacturing 3543 Molders' patterns for the
manufacture of castings
Manufacturing 3559 Special industry machinery, and
parts
Trading 3500
Industrial Machinery &
Equipment
Trading 5084
Industrial Machinery/Equip
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Exporting 8419
Machinery etc for temp
change treat mat; w heat, parts
Exporting 8477106010
Injection-molding machines of a type
used for processing rubber or other
thermosetting
materials
Exporting 8477800000
Machinery, for working rubber or
plastics or for the manufacture of
products
form these materials
Exporting 8479500000
Industrial robots
Exporting 8479600000
Evaporative air coolers
Exporting 8480711000
Injection or compression type molds
for rubber or plastics, for shoe
machinery
Exporting 8481801010
Hand operated taps, cocks, valves
and similar appliances of copper,
having
a pressure rating under 850 kpa (123 lbs pressure)
Importing 9032900000
Parts and accessories of automatic
regulating or controlling instruments
and
apparatus
Manufacturing 8419895070
Industrial machinery, plant or
equipment for the treatment of rubber and
plastics,
involving a change in temperature
Manufacturing 8422309030
Vacuum or gas packaging machines for
filling, whether or not capable of
performing
other operations
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Exporting Rubber
injection molding
Manufacturing Auxiliary
machinery
Manufacturing Blow-molding
machines
Manufacturing Injection
moulds
Manufacturing Loop
single knit machine
Manufacturing Machine
turnkey project
Manufacturing Precision
machine components
Manufacturing Plastic
moulding machines
Manufacturing Plastic
molds
Manufacturing Plastic
injection molding m/c
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting
to Algeria
Exporting
to Argentina
Exporting
to Asia
Exporting
to Australia
Exporting
to Bangladesh
Exporting
to Bulgaria
Exporting
to Chile
Exporting
to China
Exporting
to Costa Rica
Exporting
to Cyprus
Exporting
to Egypt
Exporting
to Europe
Exporting
to Finland
Exporting
to Germany
Exporting
to Greece
Exporting
to Hong Kong
Exporting
to India
Exporting
to Indonesia
Exporting
to Israel
Exporting
to Italy
Exporting
to Jordan
Exporting
to Kenya
Exporting
to Malaysia
Exporting
to Mexico
Exporting
to Middle East
Exporting
to Morocco
Exporting
to Nigeria
Exporting
to North America
Exporting
to Oceania
Exporting
to Pakistan
Exporting
to Poland
Exporting
to Romania
Exporting
to Russia
Exporting
to Saudi Arabia
Exporting
to South Africa
Exporting
to South America
Exporting
to Spain
Exporting
to Tanzania
Exporting
to Thailand
Exporting
to Turkey
Exporting
to UAE
Exporting
to USA
Exporting
to Ukraine
Exporting
to Vietnam
Exporting
to Yemen
Importing
from Asia
Importing
from China
Importing
from Europe
Importing
from Italy
Importing
from Japan
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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