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Report Date : |
06.09.2012 |
IDENTIFICATION DETAILS
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Name : |
TAIWAN PAI TECH MACHINERY CO., LTD. |
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Registered Office : |
5F, No.45, Sec.3, Chung Shang N. Rd., Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
07.08.1989 |
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Com. Reg. No.: |
23436792 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales plastics machinery, rubber machinery and packaging machinery, etc |
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No. of Employees : |
Not Available |
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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(Without Financials) |
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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 – March 31st, 2012
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Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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: |
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Supplied Address: |
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Telephone Number: |
+886-2-2597-5301 |
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Fax Number: |
+886-2-2593-0672 |
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E-mail: |
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Credit Opinion: |
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Registered Name: |
Taiwan Pai Tech Machinery Co., Ltd. |
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Registered Address: |
5F, No.45, Sec.3, Chung Shang N. Rd., Taipei Taiwan |
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Date of Foundation: |
1989-8-7 |
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Registration Number: |
23436792 |
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Registry: |
Taipei City Government |
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Registered Capital: |
NTD 20,000,000
(USD 668,000) (As of 2012.09, 1 NTD = 0.0334 USD) |
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Paid-up Capital: |
NTD 20,000,000 (USD 668,000) |
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Legal Representatives: |
Meizhi Luo |
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Legal Form: |
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Principal Activities: |
Manufacturing and sales
plastics
machinery, rubber machinery and packaging machinery, etc |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
Note: Subject declined to disclose its staff number;
from other source we cannot obtain the relevant information, either.
Subject was incorporated on 1989-8-7 with registered
number 23436792 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
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Meizhi Luo |
8,303 |
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Zhijie Li |
1,333 |
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Qichen Lian |
455 |
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Zhicheng Chen |
455 |
The information
above is that of subject’s major shareholders.
Related Company
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1 |
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Name |
Han Chang
Machinery Industrial Co., Ltd |
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Address: |
No.5, Lane 360,
Chungzheng South Road, Yanxing Li, Yongkang City, Tainan County, Taiwan,
China |
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Telephone
Number: |
+886-6-253-6106 |
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Fax Number: |
+886-6-253-5358 |
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2 |
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Name: |
Gold Great Good Machinery Co., Ltd |
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Address: |
No. 502, Shengting
Rd. , Sec. Pate, Lungtan Hsiang, |
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Telephone
Number: |
+886-3-489-0889 |
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Fax Number: |
+886-3-4709902 |
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3 |
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Name: |
Wee Ting Plastic Machinery Co., Ltd |
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Address: |
No.39, 344 Lane,
Zhongzheng South Road, Jiading Li, Yongkang District, Tainan City |
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Telephone
Number: |
+886-06-254-4391 |
Core
Management
Directors
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1 |
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Name |
Meizhi Luo |
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Position |
Board Director |
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2 |
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Name |
Zhijie Li |
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Position |
Director |
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3 |
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Name |
Qichen Lian |
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Position |
Director |
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4 |
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Name |
Zhicheng Chen |
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Position |
Supervisor |
Offices
& Factories
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Headquarters |
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Add |
l
Subject is engaged in manufacturing of plastics
machinery, rubber machinery and packaging machinery, etc.
l
It is introduced that subject has factories in Taiwan
and mainland China for production.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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-- |
General import and export trading business except
futures |
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-- |
Sales of machinery
and related components |
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F113070 |
Wholesales of telecom equipment |
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F119010 |
Wholesales of electronic material |
l
The components for production are purchased both
home and abroad.
l
It is introduced that some of components for production
purchased from Japan and Europe, etc.
Sales
Information
l
Subject is engaged in sales of plastics machinery,
rubber machinery and packaging machinery, etc.
l
Subject’s sales regions include Southeast Asia,
Europe, America and Middle East, etc.
l
Subject’s major customers include food
manufacturer, cosmetic manufacturer, pharmaceutical manufacturer, household
wares manufacturer, automobile parts manufacturer, etc.
Major products
sold
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Product |
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1 |
Liquid Folling/ Packaging Machines |
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2 |
Round Bottle Labeling Machine |
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3 |
Bag Sealing Machines |
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4 |
Marking And Labeling Machines |
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5 |
Plastic Injection Molding Machine |
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6 |
Plastic Pressure Machines |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
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Components, etc |
COD, CBD, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Components, etc |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan and Mainland, China)
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Sales Terms |
Proportion |
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Machinery |
COD, CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Machinery |
CBD, etc |
100% |
Notes: Subject’s settlement for export is generally in USD
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. Chen 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.
|
Name |
Ms. Chen |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.55.89 |
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|
1 |
Rs.88.63 |
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Euro |
1 |
Rs.70.02 |
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.