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Report Date : |
19.04.2012 |
IDENTIFICATION DETAILS
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Name : |
TAIWAN UNION PLASTIC MACHINERY CO., LTD. |
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Registered Office : |
No.7-8, Sinji, |
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Country : |
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Date of Incorporation : |
04.10.1984 |
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Com. Reg. No.: |
69852291 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of injection molding machine |
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No. of Employees : |
More than 50 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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Maximum Credit Limit : |
USD 100,000 |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.7-8, Sinji, Sinji Village, Anding Dist.,
Tainan City, Taiwan, R.O.C. |
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Supplied Address: |
No. 7-8 Sinji Sinji Village Anding Township Taiwan County 745 |
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Telephone Number: |
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Fax Number: |
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Credit Rating: |
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Credit Opinion: |
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Registered Name: |
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Registered Address: |
No.7-8, Sinji, Sinji
Village, Anding Dist., Tainan City, Taiwan, R.O.C. |
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Date of Foundation: |
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Registration Number: |
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Registry: |
MOEA Central Office |
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Registered Capital: |
NTD 41,000,000 (USD 1,418,600) (As of 2011.06, 1 NTD =
0.0346 USD) |
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Paid-up Capital: |
NTD 41,000,000 (USD
1,418,600) |
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Legal Representatives: |
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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: |
Subject was incorporated on
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Subscription
Shares |
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24,100 |
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Zhongting Lu |
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11,500 |
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Quanmin Ni |
2,100 |
|
Manhong Ni |
2,000 |
Notes:
The information
above is that of subject’s major shareholders.
Factories:
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Company Name: |
Hangzhou Plant |
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Address: |
No. 61 NanHuan Road, LinAn Economic Development Zone, Zhejiang, China,
311305 |
Core
Management
|
1 |
|
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Name |
Xiaoting Lu |
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Position |
Board Chairman |
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2 |
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Name |
Zhongting Lu |
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Position |
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3 |
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Name |
Quanmin Ni |
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Position |
Director |
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4 |
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Name |
Manhong Ni |
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Position |
Auditor |
Personnel
Structure
|
Total Employees |
Offices
& Factories
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Headquarters |
|
Add |
No.7-8, Sinji, Sinji
Village, Anding Dist., Tainan City, Taiwan, R.O.C. |
Production
Information
l
Subject is a manufacturer of plastic injection molding
machine.
Purchase
Information
l
The components and
raw material for production are mostly purchased from domestic markets.
l
The subject is mainly engaged in sales of plastic injection molding machine.
l
Subject introduced that its major products sold as
following:
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Products |
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1 |
High Precision
Microcellular Foam Molding a |
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2 |
Low rate Foam Molding
Machine |
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3 |
DCM Series
Sandwich Color-Blending IMM |
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4 |
DC Series 2
Colors Injection Molding Machine |
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5 |
UN2H/UN Series
High Speed Injection Molding Machine/Microprocessor Injection Molding Machine |
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6 |
UNS-P Series Shoe-last
Injection Molding Machine |
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7 |
UNACC Series
Accumulator Injection Molding Machine |
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8 |
Double Purpose
Energy-Saving System |
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9 |
Peripheral
Equipments |
|
10 |
Others |
l
Subject’s selling territory covers all over the
world.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
the
components and raw material |
Foreign Purchase
The subject seldom imports.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
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plastic
injection molding machine |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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|
plastic injection
molding machine |
T.T in advanced,
L/C, etc |
100% |
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 Mr. Chen declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
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Name |
Taiwan Bank |
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.
|
Name |
Mr. Chen |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.89 |
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|
1 |
Rs.83.18 |
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Euro |
1 |
Rs.68.06 |
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
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.