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Report Date : |
03.11.2012 |
IDENTIFICATION DETAILS
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Name : |
YUAN-KING MACHINERY CO., LTD. |
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Registered Office : |
No.46, Lane 488, |
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Country : |
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Date of Incorporation : |
15.08.1996 |
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Com. Reg. No.: |
97192052 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture and sales of various tube and tire machines and whole plant equipments. |
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No. of Employees : |
About 10 employees (estimated) |
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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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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 30th, 2012
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Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
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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 |
TAIWAN - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist
economy with gradually decreasing government guidance of investment and foreign
trade. In keeping with this trend, some large, state-owned banks and industrial
firms have been privatized. 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. In 2009, Taiwan's GDP contracted 1.9%, due primarily to a 20%
year-on-year decline in exports. In 2010 GDP grew 10.9%, as exports returned to
the level of previous years, and in 2011, grew 5.2%. However, 2012 growth will
likely be less, according to most forecasters, because of softening global
demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging
population are major long-term challenges. Free trade agreements have
proliferated in East Asia over the past several years, but so far Taiwan has
been excluded from this greater economic integration largely because of its
diplomatic status with the exception of the landmark Economic Cooperation
Framework Agreement (ECFA) signed with China in June 2010. The MA
administration has said that the ECFA will serve as a stepping stone toward
trade pacts with other regional partners, and negotiations on a deal with
Singapore began this year. Follow-on components of ECFA, including deals on
trade in goods, services, and investment, have yet to be completed. Taiwan's
Total Fertility rate of just over 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 accounting for 10.9% of the island's total
population as of 2011. The island runs a large trade surplus, and its foreign
reserves are the world's fourth largest, behind China, Japan, and Russia. Since
2005 China has overtaken 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. Three financial memorandums of understanding,
covering banking, securities, and insurance, took effect in mid-January 2010,
opening the island to greater investments from the mainland's financial firms
and institutional investors, and providing new opportunities for Taiwan
financial firms to operate in China. Closer economic links with the mainland
bring greater opportunities for the Taiwan economy, but also poses new
challenges as the island becomes more economically dependent on China while
political differences remain unresolved.
Source : CIA
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.9-1,Tien-Ching Iang Lane Yuan-Lin,
Chang-Hwa, Taiwan R.O.C |
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Supplied Address: |
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Telephone Number: |
+886-4-8316936 |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as above.
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Credit Opinion: |
Subject was incorporated on
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Name |
Subscription Amount |
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Zisong Huang |
1,000,000 |
The information
above is that of subject’s major shareholders.
Core
Management
Directors
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Name |
Zisong Huang |
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Position |
Director |
Personnel Structure
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Total Employees |
About 10 employees (estimated) |
Offices
& Factories
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Headquarters |
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Add |
No.9-1,Tien-Ching
Iang Lane Yuan-Lin, Chang-Hwa, Taiwan R.O.C |
Production
Information
l
Subject is engaged in manufacture and sales of
various tube and tire machines and whole plant equipments.
Purchase
Information
l
The registered activities of subject:
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1 |
Manufacture, processing and sales of industrial
mechanical components |
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2 |
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3 |
Manufacture, processing and sales of all kinds of
leather bag, Nylon Bag and luggage bags. |
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4 |
Import and export trading business of the above
mentioned materials and products. |
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5 |
Bidding service, price quoting and sales of the
above mentioned products for domestic and overseas customers |
l
Subject purchases raw materials and components both
at home and abroad.
l
The subject is mainly engaged in sales of various tube and tire machines and whole
plant equipments. And subject’s products are mainly applied to tire making
industry, etc
l
Subject’s products are both sold in domestic and
overseas market.
Major products
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Tire Machine
Equipment |
HYDRAULIC B.O.M
TIRE CURING PRESS BLADDER CURING
PRESS MULTI-PLY TIRE
CURING PRESS BEAD WIRE
GROMMET MACHINE HORIZONTAL BIAS
CUTTER TREAD COOLING
SKIVER LINE BATCH-OFF
MACHINE GREEN TIRE
BUILDING MACHINE |
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Tube Machine Equipment |
AUTOMATIC TUBE
EXTRUDING LINE TUBE CURING
PRESS TUBE VALVE
CEMENT LINE FLAP CURING
PRESS |
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Peripheral Equipment |
BEAD WIRE INNER
CIRCLE LENGTH TESTING MACHINE GREEN TIRE INNER
PAINTING MACHINE GREEN TIRE
FORMING MACHINE GREEN TIRE PRICK
MACHINE POST CURE
INFLATOR TIRE WOBBLE
TESTING MACHINE TIRE WRAPPING
MACHINE CORE ASSEMBLING
MACHINE |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
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Payment Terms |
Proportion |
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Raw materials
and components, etc |
COD, Credit
Sales, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Raw materials
and components, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Machines |
CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Machines |
CBD, 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 declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Subject declined to disclose its bank details and from other source we
can not obtain the relevant information, either.
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.
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Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.53.66 |
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1 |
Rs.86.37 |
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Euro |
1 |
Rs.69.24 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.