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Report Date : |
17.11.2012 |
IDENTIFICATION DETAILS
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Name : |
HWA MAW MACHINE INDUSTRIAL CO., LTD. |
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Registered Office : |
No.31-6, 320 Lane, Sec 1, Sha Tien Road, Wang
Tian Li, Ta Tu Hsing, Taichung City |
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Country : |
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Date of Incorporation : |
04.08.1975 |
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Com. Reg. No.: |
55742457 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of mixing and
grinding equipments, etc |
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No. of Employees : |
About 20 Employees |
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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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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 – 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.31-6, Lane
320, Sec. 1, Sha Tien Road, Ta Tu Hsing, Taichung, Taiwan R.O.C. |
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Supplied Address: |
No. 31-6 Lane
320 sec 1 Sha Tien Road, Ta Tu Hsiang Taichung Taiwan |
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Telephone Number: |
+886-4-2693-6333 |
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Fax Number: |
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E-mail: |
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Website: |
Notes: The exact name and address are as
above.
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Registered Name: |
HWA MAW MACHINE INDUSTRIAL CO., LTD. |
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Registered Address: |
No.31-6, 320 Lane, Sec 1, Sha Tien Road,
Wang Tian Li, Ta Tu Hsing, Taichung City, Taiwan R.O.C. |
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Date of Foundation: |
1975-8-4 |
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Registration Number: |
55742457 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
NTD 5,000,000
(USD 170,000) (As of 2012.11, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 5,000,000 (USD 170,000) |
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Legal Representatives: |
Qingshi Yang |
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Legal Form: |
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Principal Activities: |
Manufacturing
and sales of mixing and grinding equipments, etc |
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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 55742457 with registered number 1975-8-4
as Joint Stock Company in
Taiwan.
|
Name |
Subscription Shares |
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Qingshi Yang |
2,500 |
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Duan Hong |
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1,800 |
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Wenru Yang |
100 |
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Wenbin Yang |
100 |
The information above is that of subject’s major shareholders.
Core Management
Directors
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1 |
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Name |
Qingshi Yang |
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Position |
Board Director |
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2 |
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Name |
Duan Hong |
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Position |
Director |
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3 |
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Name |
Wenru Yang |
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Position |
Director |
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4 |
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Name |
Wenbin Yang |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
About 20 Employees |
Offices & Factories
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Headquarters |
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Add |
No.31-6, Lane 320, Sec. 1, Sha Tien Road, Ta Tu Hsing, Taichung, Taiwan
R.O.C. |
Production Information
Subject is engaged in manufacturing of mixing and grinding equipments, etc.
Subject has a factory in Taiwan for production.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
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-- |
Manufacturing, processing and sales of all kinds of machineries
(chemical machinery, food machinery, marine machinery, and agricultural
machinery) and its parts |
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Manufacturing, processing and sales of tools |
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Import and export business of above items |
The components for production are purchased both home and abroad.
Subject imports technology from Japan, USA and Germany.
Subject is engaged in sales of mixing and
grinding equipments, etc.
Subject’s sales regions include Japan, Southeast Asia, Europe, America,
and Middle East, etc.
Subject has a sales agent in Greece.
Subject obtained the certification of ISO 9001:2008.
It is introduced that subject can provide OEM service.
Major products sold
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Product |
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1 |
Mixer |
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2 |
Tri-Chilled Roller Mill |
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3 |
Horizontal Type Sand Mill |
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4 |
Reactor |
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5 |
Laboratory High Speed Mixer |
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Payment Terms |
Proportion |
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Components |
COD, CBD, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Components |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Machinery |
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’s relevant staff Mr. Yang 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;
from other source we cannot 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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Name |
Mr. Yang |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.99 |
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|
1 |
Rs.87.21 |
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Euro |
1 |
Rs.70.22 |
INFORMATION DETAILS
|
Report
Prepared by : |
SDA |
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.