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Report Date : |
04.12.2013 |
IDENTIFICATION DETAILS
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Name : |
RODER ELECTRONICS
MACHINERY CO., LTD. |
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Registered Office : |
No.29, 22th Rd.,
Taichung Industrial Park, Taichung City |
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Country : |
Taiwan |
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Date of Incorporation : |
25.01.1988 |
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Com. Reg. No.: |
22769336 |
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Legal Form : |
Joint Stock
Company |
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Line of Business : |
Manufacturing and
sales of capacitor equipment |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 4.0%. 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 revenues. 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
Source
: CIA
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Company Name: |
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Supplied Name: |
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Trading Address: |
22th Rd., Taichung Industrial Park, Taichung City, Taiwan, R.O.C. |
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Supplied Address: |
No. 22, 22th Road, Taichung Industrial Park, Taichung, Taiwan, |
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Telephone Number: |
+886-4-2350-7388 |
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Fax Number: |
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E-mail: |
The exact name and
address are as above.
|
Registered Name: |
Roder Electronics
Machinery Co., Ltd. |
|
Registered
Address: |
No.29, 22th Rd., Taichung
Industrial Park, Taichung City, Taiwan, R.O.C. |
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Date of
Foundation: |
1988-1-25 |
|
Registration
Number: |
22769336 |
|
Registry: |
Taichung City
Government |
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Registered
Capital: |
(As of 2013.12, 1
NTD = 0.0339 USD) |
|
Paid-up Capital: |
NTD 21,000,000
(USD 711,900) |
|
Legal
Representatives: |
Junxian Xu |
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Legal Form: |
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Principal
Activities: |
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|
Staff: |
|
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Subject’s relevant staff declined to disclose its staff number; from other source we cannot obtain the relevant information, either.
Subject was incorporated on 1988-1-25 with registered number 22769336 as Joint Stock Company in Taiwan.
|
Subscription Shares |
|
|
Junxian Xu |
2,400 |
|
Feipeng Chen |
1,500 |
|
Jinfu Lin |
400 |
|
Shangwen Chen |
3,000 |
|
Qingyun Chen |
1,250 |
The information above is that of subject’s major shareholders.
Branch Companies
|
Name |
Changzhou Branch |
|
Address |
No.6, Jingshajiang Rd., Minying Science and Technology Industrial Park, Changzhou, China |
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Telephone Number: |
+86-519-511-8535 |
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Fax Number: |
+86-519-512-1237 |
Factories
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1 |
|
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Name: |
Taichung Factory |
|
Address: |
No.29, 22th Rd., Taichung Industrial Park, Taichung City, Taiwan, R.O.C. |
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Date of
Foundation: |
1999-11-10 |
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Date of Registration: |
2000-2-17 |
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Factory
Registration Number: |
99669270 |
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Factory Manager: |
Ruilin Chen |
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Status: |
In Production |
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Date of Last
Annual Return: |
2006-2-13 |
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2 |
|
|
Address: |
No. 18-2, 852 Lane, Tucheng Road, Jincheng Alley, Dali District, Taichung City |
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Date of
Foundation: |
1995-11-1 |
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Date of
Registration: |
1995-11-14 |
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Date Of Closing
Business |
2000-1-29 |
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Factory
Registration Number: |
99185982 |
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Factory Manager: |
Ruilin Chen |
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Status: |
Close Business |
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Date of Last
Annual Return: |
2000-1-29 |
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3 |
|
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Name: |
|
|
Address: |
No. 266, Zhishan Road, Renhua Alley, Dali District, Taichung City |
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Date of
Foundation: |
1990-5-1 |
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Date of
Registration: |
1990-5-1 |
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Date Of Closing
Business |
1995-11-24 |
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Factory
Registration Number: |
99152114 |
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Factory Manager: |
Ruilin Chen |
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Status: |
Close Business |
Core Management
Directors
|
1 |
|
|
Name |
Junxian Xu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Feipeng Chen |
|
Position |
Director |
|
3 |
|
|
Name |
Jinfu Lin |
|
Position |
Director |
|
4 |
|
|
Name |
Shangwen Chen |
|
Position |
Director |
|
5 |
|
|
Name |
Guozhao Wen |
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Position |
Director |
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6 |
|
|
Name |
Qingyun Chen |
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Position |
Supervisor |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.29, 22th Rd., Taichung Industrial Park, Taichung City, Taiwan, R.O.C. |
Production
Information
Subject is engaged in manufacturing of capacitor equipment, etc.
Subject has factories in Taiwan and the mainland of China for production.
It is introduced subject provide ODM services.
Purchase
Information
The registered activities of subject:
|
1 |
Electronic special-purpose machinery design automatic roll around the machine automatically the whole foot machine automatic processing and buying and selling of the whole row machine assembly |
|
2 |
Automatic control circuit design of the combination of business (except for electrical socket is installed) |
|
3 |
Buying and selling all kinds of hardware parts and electronic parts |
|
4 |
The import and export business referred to in the preceding paragraph |
The components and raw material for production are mostly purchased
are purchased from both home and abroad.
The subject is mainly engaged in sales of capacitor equipment, etc.
The major products sold by subject include Automatic winding
machine for DC and AC metallized film capacitor, Non-inductive capacitor
automatic winding machine, Automatic marking machine for box type, Lead wire
forming machine, Automatic axial type lead wire welding machine and Box type
assembly machine, etc.
The subject sales
regions include Asia, America, Europe, etc.
Subject’s main
customers include American
Shizuki Corporation, Cornell Dubilier Marketing Inc., etc.
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Components and raw material |
Cash, T/T, etc |
100% |
Foreign Purchase
|
Terms |
Proportion |
|
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Components and raw material |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
|
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Capacitor equipment, etc. |
T/T, Cash, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Capacitor equipment, etc. |
L/C, 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 Mr. Jerry declined to
disclose its financials citing the grounds of company’s confidentiality; 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 |
Mr. Jerry |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.34 |
|
|
1 |
Rs.102.06 |
|
Euro |
1 |
Rs.84.46 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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 |
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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 |
|
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.