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Report Date : |
20.04.2013 |
IDENTIFICATION DETAILS
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Name : |
TRUSTWELL PRINTING EQUIPMENT INC. |
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Registered Office : |
No.11, 31st Rd., Industrial Park, Taichung City 40768 |
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Country : |
Taiwan |
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Date of Incorporation : |
17.07.1979 |
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Com. Reg. No.: |
52530515 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of printing equipment, materials and related
products |
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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 |
|
|
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 |
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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.
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 1.8%, due primarily to a 13.1% year-on-year decline in exports. In
2010 GDP grew 10.7%, as exports returned to the level of previous years, and in
2011, grew 4.1%. In 2012, however, growth fell to 1.3%, 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 except for the
landmark Economic Cooperation Framework Agreement (ECFA) signed with China in
June 2010, so far Taiwan has been excluded from this greater economic
integration in part because of its diplomatic status. Negotiations continue on
such follow-on components of ECFA regarding trade in goods and services. The MA
administration has said that the ECFA will serve as a stepping stone toward
trade pacts with other key trade partners, which Taiwan subsequently launched
with Singapore and New Zealand. 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 sales.
Taiwan's population is aging quickly, with the number of people over 65 accounting
for 11.2% of the island's total population as of 2012. The island runs a large
trade surplus largely because of its surplus with China, and its foreign
reserves are the world's fifth largest, behind China, Japan, Saudi Arabia, and
Russia. In 2006 China overtook 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. In August 2012, Taiwan Central Bank signed
a memorandum of understanding on cross-Strait currency settlement with its
Chinese counterpart. The MOU allows for the direct settlement of Chinese RMB
and the New Taiwan dollar across the Strait, which could help develop Taiwan
into a local RMB hub. 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.
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Source : CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.11, 31st Rd., Industrial Park, Taichung
City 40768, Taiwan, R.O.C. |
|
Supplied Address: |
11 Taichung
Industrial Park 31st Rdhsitun Dist., Taichung City 407 Taiwan |
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Telephone Number: |
+886-4-2359-5868 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above.
|
Registered Name: |
Trustwell Printing Equipment Inc. |
|
Registered Address: |
No.11, 31st Rd.,
Industrial Park, Taichung City 40768, Taiwan, R.O.C. |
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Date of Foundation: |
1979-7-17 |
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Registration Number: |
52530515 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2013.4, 1 NTD = 0.0335 USD) |
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Paid-up Capital: |
NTD 7,100,000 (USD 237,850) |
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Legal Representatives: |
Weilun Cai |
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Legal Form: |
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Principal Activities: |
Trading of printing equipment, materials and related products. |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Notes: Subject
declined to disclose its staff number; from other source we cannot obtain the
relevant information, either.
Subject was incorporated on 1979-7-17 with registered number 52530515 as Joint Stock Company in Taiwan.
|
Name |
Subscription
Shares |
|
Weilun Cai |
2,059 |
|
Junqian Wu |
|
|
1,420 |
|
|
Pingfeng Zhang |
320 |
|
Weijie Cai |
710 |
The information above is that of subject’s major shareholders.
Related Companies
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1 |
|
|
Name |
Trustwell Industrial Co., Ltd ( TIC ) |
|
Address |
No.11, 31st Rd., Industrial Park, Taichung
City 40768, Taiwan, R.O.C. |
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Telephone Number |
+886-4-2359-5868 |
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Fax Number |
+886-4-2359-5878 |
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2 |
|
|
Name |
Trustwell Neotechnology Co., Ltd. ( TNC ) |
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Address |
Rm #A13, 4th Fl., No. 67, Chang An E. Rd., Sec. 2, Taipei, Taiwan |
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Telephone Number |
+886-2-2518-2297 |
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Fax Number |
+886-2-2518-2296 |
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3 |
|
|
Name |
Myluat Trade Co,.Ltd |
Core
Management
|
1 |
|
|
Name |
Weilun Cai |
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Position |
Board Chairman |
|
2 |
|
|
Name |
Junqian Wu |
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Position |
Director |
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3 |
|
|
Name |
Pingfeng Zhang |
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Position |
Director |
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4 |
|
|
Name |
Weijie Cai |
|
Position |
Supervisor |
Offices
& Factories
|
|
Headquarters |
|
Add |
Production
Information
l
The subject is a trader of printing equipment, materials and related products without any production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F113990 |
Wholesales of machinery and tools. |
|
C702010 |
Plate making industry. |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
It is introduced that subject purchases products
both in domestic and overseas markets.
l
It is introduced that subject imports some printing
equipment from Germany, Italy and etc.
l
The subject is mainly engaged in sales of printing equipment, materials and related
products.
l
It is introduced that
subject’s selling territory is in Asia and etc.
l
It is introduced that subject’s
major customers are printing house, print shops and etc.
l
It is introduced that subject’s products are
applied to industrial printing, fine printing and etc.
Major Products
|
Product |
Details |
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Printing Material |
Printing Mesh |
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Emulsion & Capillary Film Application |
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Stencil Chemical |
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Screen Ink |
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IDM / IMF Ink |
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Textile Ink |
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Paper |
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Printing Equipment |
Stencil Equipment |
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Stencil Gadget |
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Printing Equipment |
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Drying Equipment |
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Digital Printer |
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Special Equipment |
Innovative forming System for IMD/FIM
Technical |
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Automatic Cleaning Equipment |
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Ink Mixer |
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CCD Punch Machine |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment
Terms |
Proportion |
|
|
Printing equipment, materials and related
products. |
COD,CBD
and etc. |
100% |
Foreign Purchase
|
Payment
Terms |
Proportion |
|
|
Printing equipment, materials and related
products. |
CBD
and etc. |
100% |
Sales
Domestic Markets
|
Sales
Terms |
Proportion |
|
|
Printing equipment, materials and related
products. |
COD,CBD
and etc. |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Printing equipment, materials and related
products. |
CBD
and 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.
|
Name |
Taiwan Cooperative Bank |
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.54.03 |
|
UK Pound |
1 |
Rs.82.43 |
|
Euro |
1 |
Rs.70.49 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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 |
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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 |
|
<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.