MIRA INFORM REPORT
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Report Date : |
24.02.2011 |
IDENTIFICATION DETAILS
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Name : |
TAIWAN PAI TECH MACHINERY CO LTD |
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Registered Office : |
5 fl President
Mansion |
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Country : |
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Date of Incorporation : |
07.08.1989 |
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Com. Reg. No.: |
23436792 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
·Exporting of Finished products |
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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Maximum Credit Limit : |
USD 13,000 |
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Status : |
Moderate |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 |
Company name & address
TAIWAN
PAI TECH MACHINERY CO LTD
5FL
SECTION 3
TEL: 886-2-25975301 FAX: 886-2-25930672
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 7, 1989
REGISTRATION NO. :
23436792
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MS. FRANCES MEI-CHIH LO (CHAIRMAN)
STAFF STRENGTH :
4
PAID-UP CAPITAL :
NTD 20,000,000
BUSINESS LINE :
EXPORTER
TURNOVER :
NTD 162,000,000 (AS OF DECEMBER, 2009)
EQUITIES :
N/A (AS OF DECEMBER, 2009)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 29.48009 = US$1
Adopted abbreviations
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –
Name in Local Language : 奇鋒機械股份有限公司
Tel : [+886] 2-25975249
*CAPITAL (Currency: NTD - New
====================================
Authorized Capital: 20,000,000
Paid-up Capital: 20,000,000
*OFFICE & FACILITIES*
====================
Name : TAIWAN PAI TECH MACHINERY CO LTD - CHUNGSHAN DIST,
Building Size : 43 Square meters
Employees : 4
Type of Location : Semi-Residential
Address : 5Fl President Mansion
Country :
Ownership of Property : Rented / Leased
Status : Operational
*REPUTATION*
=============
Reference checking for the purpose of establishing the TAIWAN PAI TECH
MACHINERY CO LTD's reputation within the respective industry failed to reveal
any adverse information.
www.paitech.com.tw SC’s website is unable to be landed at
present for the technical reason.
E-mail: paitechf@ms5.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 4
Total number of shares: 10,546
Shareholders Country Number Amount (NTD) %
Ms. Frances Mei-chih Lo
Mr. Chih-chie Lee
Mr. Chi-chen Lien
Mr. Chih-chen Chen
Name Nationality
Job Description
Ms. Frances Mei-chih Lo Taiwanese
General Manager
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Chi-chen Lien
Nationality : Taiwanese
2
Name : Mr. Chih-chie Lee
Nationality : Taiwanese
3
Name : Ms. Frances Mei-chih Lo
Nationality : Taiwanese
*CORE BUSINESS DESCRIPTION*
===========================
Core Business
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The primary business focus of TAIWAN PAI TECH MACHINERY CO LTD is:
·Exporting - Finished products
An integral part of the core business includes:
·Distribution
Supplementary Business
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In addition to the core business, TAIWAN PAI TECH MACHINERY CO LTD also
is engaged in the following areas of business:
Trading
·General trading
*Primary Products*
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Activity Products / Materials /
Services Description
Exporting Beverage
packaging machines
Exporting Blow molding
machine
Exporting Compression
molding machines
Exporting Container
sealing machine
Exporting Cooling
blenders
*PAYMENT TERMS*
=================
Selling
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Type Terms
Export Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Received at
time of transaction
Purchasing
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Type Terms
Local Cash on delivery
(COD)
Credit - Secured with Post-dated checks
30~60 days
*ASSOCIATIONS*
===============
*TRADE SHOWS*
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Exhibition Acronym Country Participating Year
Giftionery Taipei - Taipei Int'l Gift & Stationery Spring Show n / a Taiwan 2000
*COMPETITORS*
==============
The following is a representative list of local competitors:
GRAN BROTHERS CO LTD
IVORIST INT'L CO LTD
JENN CHIANG MACHINERY CO LTD
YJ SEIKI INDUSTRIAL CO LTD
*DOMESTIC SUPPLIERS*
=====================
AI SHINMACHINE CO LTD
CHEN WAY MACHINERY CO LTD
GOLD GREAT GOOD MACHINERY CO LTD
*DOMESTIC SALES & PURCHASES*
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Annual Sales Analysis Percentage
--------------------------- --------------
International Sales (Export) 100%
Annual Purchases Analysis Percentage
--------------------------- --------------
Local Purchases 100%
*Sales Channel Analysis*
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Sales Channel Sales
Channel Ownership Percentage
Direct end-user /consumer Owned
by Subject Business Entity (SBE) 100%
customer sales - via sales team
*Customer Type Analysis*
====================
Customer Type Percentage
Manufacturers 100%
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Business Entity Name : HAN CHANG MACHINERY INDUSTRIAL CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Manufacturer
Industry : Machinery
PAYMENT RATING : 4 OBTAINED SCORES : 45
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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 SMALL
amounts depending on individual judgement experience.
*BANK DETAILS*
===============
Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : SHIN KONG COMMERCIAL BANK
Branch : Chungcheng Dist,
Branch Address : 30Fl,
SWIFT Code : This bank does not have a SWIFT Code
*FINANCIAL STATEMENT – DETAILED*
=================================
Currency : NTD
Denomination : 1
Financial Year Ending : December
Financial Highlights As
of 2009
-------------------------- --------------
Total Assets(*) 15,000,000
Turnover(*) 162,000,000
Profit After Tax attributable to Shareholders(*) 7,300,000
*Financials - Summary (Currency: USD - US Dollar)
=======================================
Year Sales Assets Net Income
2009(*) $5,035,748 $466,273
$226,919
Note: (*)
Financials listed are the most recent available for this company.
*Int´l Trade Activity (Currency: USD - US Dollar)
======================================
Year Imports Exports Total
2007 n/a $1,900,000 $1,900,000
2008 n/a $2,600,000 $2,600,000
2009 n/a $3,250,000 $3,250,000
SC is considered small-sized in its line with a development history of
22 years. Taking into consideration of SC’s general performance, a credit line
up to USD 13,000 appears to be within SC’s capacities.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3556 Food products machinery, and parts,
Exporting 3569 General industrial machinery and equipment,
and parts,
Exporting 3500 Industrial Machinery & Equipment
Exporting 5084 Industrial Machinery/Equip
Exporting 3565 Packaging machinery, and parts,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8477300000 Blow-molding machines
Exporting 8422309020 Container labeling machines
Exporting 8422309090 Machinery for filling, closing, sealing,
capsuling or labeling boxes, bags or similar containers
Exporting 8477 Machinery for working rubber
& plastic etc, parts
Exporting 8479 Machines etc having individual
functions, parts
Exporting 8480790000 Molds for rubber or plastics, other than
injection or compression types
Exporting 8422409080 Packing or wrapping machinery
Exporting 8422400000 Packing or wrapping machinery, (including
heat-shrink wrapping machinery)
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Ranking Products / Materials / Services Description
Exporting Primary Filling
machine
Exporting Primary High-speed
mixers
Exporting Primary Labeling
machines
Exporting Primary Pharmaceutical
packing machine
Exporting Primary Plastics
machinery
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Estimated level of importance Trading Activity
Middle-East Medium
Exporting
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.20 |
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1 |
Rs.73.17 |
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Euro |
1 |
Rs.61.88 |
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 |
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.