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Report Date : |
26.10.2012 |
IDENTIFICATION DETAILS
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Name : |
GREAT WALL INDUSTRIAL COMBUSTION & HEAT
TRANSFER CO., LTD. |
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Registered Office : |
6FL., No.4-3, |
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Country : |
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Date of Incorporation : |
05.08.1985 |
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Com. Reg. No.: |
01069842 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Design, engineering, manufacturing and sales
of process equipments and system for entire industry |
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No. of Employees : |
Not Available |
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 (31.03.2012) |
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: |
Great Wall
Industrial / Combustion & Heat Transfer Co., Ltd. |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
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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: |
Notes: Subject did not introduce its staff number and from other source we can not obtain the relevant information, either.
Subject was incorporated on
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Name |
Subscription Amount |
|
Changcheng Wang |
3,600,000 |
The information above is that of subject’s major shareholders.
Core
Management
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Name |
Changcheng Wang |
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Position |
Director |
Offices
& Factories
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Headquarters |
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Add |
l
Subject is engaged in design, engineering,
manufacturing and sales of process equipments and system for entire
industry
Purchase
Information
l
The registered activities of subject:
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1 |
Design, manufacture and sales of eat exchange
equipment |
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2 |
Design, manufacture and sales of
Power refining equipment (except Franchise) |
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3 |
Manufacture and sales of the relevant tools for the
above mentioned business |
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4 |
Relevant import and export trading business for
the above mentioned business |
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5 |
Relevant assembly and installation for the above
mentioned business |
l
Subject purchases both at
home and abroad and its purchasing all depend on the specific conditions.
Sales
Information
l
Subject is engaged in
design, engineering, manufacturing and sales of process equipments
and system for entire industry
l
Subject mainly serves
customers in Taiwan, the mainland of China and Thailand, etc
l
Subject’s major customers
include refineries, petrochemical plants, chemical plants, fossil and nuclear
power plants, high tech & electronic plants, food processing plants, steel
mill companies, machinery manufacturers, etc
Major products
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1 |
HYDROCRACKING
REACTOR HYDROTREATING
REACOTS UREA REACTOR METHANOL REACTOR AMMONIA COVERTER REACTORS &
VESSELS WITH "N" STAMPS MANY OTHER TYPES
OF TUBULAR REACTORS AND REACTORS WITH
INTERNALS |
|
2 |
HIGH PRESSURE
SPECIAL MATERIAL HEAT EXCHANGER: INNER BORE WELDING HEAT EXCHANGERS
COMBINED FEED EFFLENT HEAT
EXCHANGER HIGH PRESSURE FEED WATER HEATER HEAT EXCHANGERS
WITH "N" STAMPS FOR NUCLEAR POWER
PLANT ALL TYPES OF
TEMA SHELL & TUBE HEAT EXCHANGERS |
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3 |
DOUBLE PIPE AND HAIR - PIN TYPE
HEAT EXCHANGER EXCHANGERS WITH
LONGITUDINAL OR LOW FINTUBES |
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4 |
FIRED HEATERS / PROCESS FURNACES CRUDE HEATERS PLATFORMER ALL TYPES OF
CUSTOM DESIGNED FURANCES & FIRED HEATERS AND HEAT
RECOVERY STEAM GENERATOR DOWTHERM HEATER
/ BOILER / WASTE HEAT BOILER SCR SYSTEM / AIR PREHEATER PACKAGES ENVIRONMENTAL
EQUIPMENTS CO BOILER |
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5 |
LOW NOx BURNERS WITH AUTOMATIC
CONTROL ELECATED & GROUND FLARE WITH
FFG. WASTE GAS &
LIQUID INCINEATOR WITH HEAT RECOVERY SYSTEM AIR HEATERS |
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6 |
OTHER TYPES OF
HEAT EXCHANGERS: AIR PREHEATERS PLATE TYPE H.X. WELDED PLATE
TYPE HEAT EXCHANGER |
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7 |
VALVE
/ FINTUBES / BEARING / FAN / MOTOR / GEAR / V-BELT
/ HIGH FLUX TUBES / RIFLE TUBES / SUPPORTS / REFRATORIES |
Major Project
Achievements
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CUSTOMER: CPC PROJECT: 25,000
BPSD VGO HDS UNIT OF FCC PLANT EQUIPMENT: AIR
COOLED HEAT EXCHANGER CUSTOMER: CPC PROJECT: 25,000
BPSD VGO HDS UNIT OF FCC PLANT EQUIPMENT: SHELL
& TUBE H.E. CUSTOMER: DELTA PETRO-CHEMICAL
PROJECT: ABS
PLANT (NO.2 PLANT IN TA-SHE) EQUIPMENT: AIR
COOLERS CUSTOMER: FUCC PROJECT: NO. 2
AB PLANT IN LIN-YUAN EQUIPMENT:
DOUBLE PIPE HEAT EXCHANGER FIRED HEATERS (REBOILER OIL HEATER) CUSTOMER: FAR
EAST MACH. PROJECT: SUCTION
HEATERS FOR FUEL OIL TANKS EQUIPMENT:
LONGITUDINAL FINTUBES CUSTOMER: CPC PROJECT: MIAO-LI
NATURAL GAS STAND BY & PEAK SHAVING SYSTEM EQUIPMENT: LP
VAPORIZER-MIXER UNIT (PROPANE AIR GAS MIXING SYSTEM) CUSTOMER:
PET-SER ENGRG. PROJECT: ELEMENTS
PLANT EQUIPMENT: ONE
LOT OF HELICAL FINTUBES CUSTOMER: CPC PROJECT:
KAOHSIUNG REFINERY EQUIPMENT:
FAN-MOTOR GEAR DRIVE ASSEMBLY FOR COOLING TOWERS CUSTOMER: CPC /
LUMMUS PROJECT: NO.4
NAPHTAH / GAS OIL PYROLYSIS PLANT, LIN-YUAN PLANT
EQUIPMENT: HELICAL
FINTUBES CUSTOMER: CPC /
LUMMUS PROJECT: NO. 4
NAPHTHA / GAS OIL PYROLYSIS PLANT, GASOLINE HYDOGENATION
UNIT EQUIPMENT: AVP
FAN-MOTOR-GEAR DRIVE ASSEMBLY FOR AIR COOLERS CUSTOMER: CPC
PROJECT:
TAO-YUAN REFINERY EQUIPMENT: ALUMINUM
FANS FOR AIR COOLERS CUSTOMER: CPC
PROJECT: TAO-YUAN
REFINERY EQUIPMENT: FIRED
HEATER (REACTOR FEED) CUSTOMER: CPC
PROJECT: KAOSHIUNG
REFINERY EQUIPMENT: FAN-MOTOR-GEAR
DRIVE ACCESSORIES CUSTOMER:
CPC PROJECT:
KAOHSIUNG REFINERY EQUIPMENT: AIR
COOLED H.E. ASSEMBLIES CUSTOMER: FPC PROJECT: EJECTOR
SYSTEMS EQUIPMENT: FAN-MOTOR-GEAR
DRIVE ASSEMBLY FOR AIR COOLER CUSTOMER: FPC
/ FPG PROJECT: BADGER
SM PLANT EQUIPMENT:
DOUBLE PIPE EXCHANGER CUSTOMER: CTCI PROJECT: UNION
PETROCHEMICAL CORP. EQUIPMENT: TUBE
BUNDLE CUSTOMER: CTC /
CPC PROJECT:CPC
REFINERY EQUIPMENT:
BURNER CUSTOMER: FCFC
/ FPG PROJECT: UOP
AROMATIC PLANT EQUIPMENT:
ELECTRIC HEATER CUSTOMER: CTCI
FOR TWC PROJECT: TAIWAN
EWAX NEW PLANT EQUIPMENT: HAIRPIN
HEAT EXCHANGER / FLARE & STACK CUSTOMER: FU TAI EQUIPMENT: FIRED
HEATER THERMAL RATING CUSTOMER: CTCI
PROJECT: BANGKOK
PROJECT IN THAILAND EQUIPMENT: AIR
COOLER CUSTOMER: K.C. PROJECT: TAIWAN
FERTILIZER PLANT EQUIPMENT: FIRETUBE
WASTE HEAT EXCHANGER CUSTOMER: TSMC
PROJECT: SM
PLANT EQUIPMENT: REGENERATE
VAPORIZER |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
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Raw materials
and components, etc |
COD, Credit
Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Raw materials
and components, etc |
COD, CBD, Credit
Sales, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Equipment and
service |
Installment, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Equipment and
service |
Installment, 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 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 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.53.63 |
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UK Pound |
1 |
Rs.86.18 |
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Euro |
1 |
Rs.69.75 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
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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.