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Report Date : |
02.04.2013 |
IDENTIFICATION DETAILS
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Name : |
VOLTRONIC POWER TECHNOLOGY CORP. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
01.05.2008 |
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Com. Reg. No.: |
28865032 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of UPS, Inverter and
the related products. |
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No. of Employees : |
1,000 |
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 : |
Usually correct |
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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) |
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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: |
+886-02-27918296 |
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Fax Number: |
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E-mail: |
Notes:
The supplied name is incomplete, and the exact name is as above.
The exact address is as above.
Subject was incorporated on
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Subscription Shares |
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Zhuoming Xie |
6,730,675 |
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2,550,125 |
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Quanhan Co.,
Ltd (Translated) |
6,008,750 |
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RPS. S.P.A. |
5,888,125 |
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Fulishou Co.,
Ltd (Translated) |
2,688,125 |
The information above is that of subject’s major shareholders.
Manufacturing
Plants:
|
Name |
Yusheng
Production Center |
|
Address |
1 |
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Telephone Number |
+86-755-86016601 |
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Fax Number |
+86-755-86016603 |
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2 |
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Name |
Shiyan
Production Center |
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Address |
1 |
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Telephone Number |
+86-755-29182809 |
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Fax Number |
+86-755-29182982 |
Note:
The supplied telephone number and fax number belongs to the manufacturing plants of subject in the mainland of China.
Core
Management
Directors
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1 |
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Name |
Zhuoming Xie |
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Position |
Board of
Chairman |
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2 |
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Name |
Cuifang Chen |
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Position |
Director |
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3 |
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Name |
Roberto Facci |
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Position |
Director |
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4 |
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Name |
Quanhan Co.,
Ltd (Translated) |
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Position |
Director |
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5 |
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Name |
Jianran Li |
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Position |
Independent
Director |
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6 |
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Name |
Nailing He |
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Position |
Independent
Director |
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7 |
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Name |
Chunan Xu |
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Position |
Independent
Director |
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8 |
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Name |
Yujie Lin |
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Position |
Supervisor |
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9 |
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Name |
Yi Chen |
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Position |
Supervisor |
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10 |
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Name |
Guifang Liao |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
About 1,000 Employees |
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject is a manufacturer of UPS, Inverter and the related products
with the production activities
Purchase
Information
l
The registered activities of subject:
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Business
Code |
Details |
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F113050 |
Wholesale of computer materials |
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F118010 |
Wholesale of software |
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F119010 |
Wholesale of electronic materials |
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F401010 |
International trade |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The components and raw material for
production are mostly purchased from local.
l
Subject is mainly engaged in
manufacturing and trading of UPS,
Inverter and the related products.
l
Subject
introduced that its Major products sold as following:
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Product |
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PV Products |
Bonnie 50W DC UPS |
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SCC-MPPT 300W/600W Solar Charge Controller |
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Axpert KS 1KVA/2KVA/3KVA/4KVA/5KVA Inverter |
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SCC-Basic 50W/100W Solar Charge Controller |
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EnerSolar 1.5KW/2KW/3KW/5KW On-Grid PV Inverter |
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EnerSolar 10KW On-Grid PV Inverter |
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InfiniSolar 2KW/3KW Hybrid Inverte |
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Vertex 2KW/3KW Off-Grid Inverter |
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UPS Products |
Standby UPS |
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Line Interactive UPS |
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Online UPS |
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Inverter & AVR |
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Accessory |
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Others |
l
Subject introduced that the products
they manufacture are no brand name, and the products are under customers’ brand
name.
l
Subject introduced that it has 2 plants
located in Shenzhen, the mainland of China.
l
Subject’s selling territory covers all
over the world, such as Asia, Europe, the U.S.A and so on.
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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Components
And Raw Material |
COB, CBD, etc |
100% |
Foreign Purchase
Subject seldom purchases
from the overseas market.
Sales
Domestic Markets
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Sales Terms |
Proportion |
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UPS, Inverter
and the related products. |
COB, CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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UPS, Inverter
and the related products. |
L/C , T.T, 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.
The bankers’ information is not
available from the subject or other sources.
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 |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.38 |
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|
1 |
Rs.82.32 |
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Euro |
1 |
Rs.69.54 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
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.