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Report Date : |
31.10.2012 |
IDENTIFICATION DETAILS
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Name : |
CCI TECH INC. |
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Registered Office : |
No.83, |
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Country : |
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Date of Incorporation : |
26.11.2001 |
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Com. Reg. No.: |
12982169 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of textile fabric sampling looms
and its auxiliary tools, etc |
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No. of Employees : |
About 30 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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: |
|
|
Supplied Name: |
|
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Trading Address: |
No.88-3, Chengtian Rd., Tucheng Dist., New
Taipei City 236, Taiwan (R.O.C.) |
|
Supplied Address: |
88-3, Cheng Tien Road, Tu Cheng New Taipei
City 23674, Taiwan |
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Telephone Number: |
+886-2-2267-7231 |
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Fax Number: |
+886-2-2267-7230 |
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E-mail: |
Notes: The exact address is as above.
|
Credit Opinion: |
Subject was
incorporated on 2001-11-26 with registered number 12982169 as Joint Stock Company in Taiwan.
Change of Name
|
Former
English Name |
碩奇實業股份有限公司 |
|
Current
English Name |
碩奇科技股份有限公司 |
|
Name |
Subscription Shares |
|
Rilong Zhong |
526,725 |
|
Runsheng Chen |
|
|
1,155,775 |
|
|
Lei Jing Co., Ltd (Literal Translation) |
712,500 |
The information above is that of subject’s major shareholders.
Offices
|
1 |
|
|
Name |
Hong Kong Office |
|
Address |
1508 Millennium City
5, 418 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong |
|
Telephone Number |
+852-3750-8626 |
|
Fax Number |
+852-3007-9105 |
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E-mail: |
|
|
2 |
|
|
Name |
CCI Tech (China)
Inc. |
|
Address |
|
|
Telephone Number |
+86-571-8519-5724 |
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Fax Number |
+86-571-8891-4821 |
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E-mail: |
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3 |
|
|
Name |
Qingdao Office |
|
Address |
Room 1413,
Building A, World Trade Center, No.6, Hong Kong Middle Road, Qingdao 266071,
China |
|
Telephone Number |
+86-532-8591-9176 |
|
Fax Number |
+86-532-8591-9785 |
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E-mail: |
|
Core
Management
|
1 |
|
|
Name |
Rilong Zhong |
|
Position |
Board Director |
|
2 |
|
|
Name |
Runsheng Chen |
|
Position |
Director |
|
3 |
|
|
Name |
Qinlong Liao |
|
Position |
Director |
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4 |
|
|
Name |
Zhida Liu |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 30 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.88-3, Chengtian Rd., Tucheng Dist., New Taipei City 236, Taiwan
(R.O.C.) |
Production
Information
l
Subject is engaged in manufacturing of textile fabric sampling looms and its
auxiliary tools, etc.
l
Subject has factory in
Taiwan for production.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C302010 |
Weaving industry |
|
C303010 |
Nonwoven industry |
|
F104010 |
Wholesale of textile |
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F104020 |
Wholesale of apparel |
|
F113010 |
Wholesale of machinery |
|
F113020 |
Wholesale of electrical equipment |
|
F113030 |
Wholesale of precise instrument |
|
F401010 |
International trade business |
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F119010 |
Wholesale of electronic material |
|
F601010 |
Intellectual property industry |
|
I301020 |
Data processing service |
|
I501010 |
Product design |
|
I502010 |
Apparel design |
|
I103010 |
Management consultant of company operation |
|
F118010 |
Wholesale of software |
|
I301010 |
Software service |
|
I301030 |
Electronic information supply |
|
CB01010 |
Manufacturing of machinery |
l
The components and raw materials for production are
purchased both home and abroad.
l
Subject is engaged in sales of textile fabric sampling looms and its
auxiliary tools, etc.
l
It is introduced that subject can provide solutions
for sampling of woven fabrics.
l
Subject’s sales regions include America, Europe and
Japan, etc.
l
It is introduced that subject has sales and services agent in USA,
Italy, UK, France, India, Turkey, and Belgium, etc.
l
Subject has their own brand “CCI TECH”
Major products
sold
|
Type |
Product |
|
Looms |
The studio |
|
Evergreen |
|
|
d’ Weaver |
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Auxiliaries |
Mini warper |
|
Mini lutan |
|
|
Single-end sizing unit |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw materials |
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw materials |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan and Mainland China)
|
Sales Terms |
Proportion |
|
|
Looms and auxiliary,
etc |
COD, CBD, etc |
Export
|
Sales Terms |
Proportion |
|
|
Looms and auxiliary,
etc |
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 Ms. Zhang 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.
|
Name |
Ms. Zhang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.17 |
|
UK Pound |
1 |
Rs.86.83 |
|
Euro |
1 |
Rs.69.85 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
---- |
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.