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Report Date : |
02.02.2013 |
IDENTIFICATION DETAILS
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Name : |
FULL SHINE PLASTIC MACHINERY CO., LTD. |
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Registered Office : |
No.31, Gungye 20th Rd., Taiping Dist., Taichung City 411 |
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Country : |
Taiwan |
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Date of Incorporation : |
30.06.1993 |
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Com. Reg. No.: |
84417451 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of plastic machines and the relate products |
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No. of Employees : |
About 40 Employees |
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 : |
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) |
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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: |
No. 18, Lane
901, Guang Shing Rd., Taiping District, Taichung City, Taiwan 411, R.O.C |
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Supplied Address: |
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Telephone Number: |
+886-4 2276-5071 |
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Fax Number: |
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E-mail: |
Notes: The supplied address is the registered
address of subject, and the exact address is as above.
Subject was incorporated
on
|
Name |
Subscription Amount |
|
Hejie Huang |
6,000 |
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Tianfu Gao |
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500 |
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Zhuangjie Xie |
2,000 |
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Suqin Zhang |
3,000 |
The information above is that of subject’s major shareholders.
Vitnam Office:
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Address: |
Ap An My, Xa An Dien, Huyen Ben Cat, Tinh Binh Duong, Vietnam |
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Telephone Number |
+84 650 3554128/29/30/31 |
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Fax Number |
+84 650 3554166 |
Core Management
Directors
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1 |
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Name |
Hejie Huang |
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Position |
Board of Chairman |
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2 |
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Name |
Tianfu Gao |
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Position |
Director |
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3 |
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Name |
Zhuangjie Xie |
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Position |
Director |
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4 |
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Name |
Suqin Zhang |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 40 Employees |
Offices &
Factories
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Headquarters |
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Add |
No. 18, Lane 901, Guang Shing Rd., Taiping District, Taichung City,
Taiwan 411, R.O.C |
Production
Information
Subject is a manufacturer of plastic
machines and the relate products with the production activities
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
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1 |
Manufacture and trade of plastic machinery |
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2 |
Trade of plastic materials |
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3 |
Manufacture and trade of plastic products |
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4 |
Manufacture and trade of mold. |
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5 |
Import and export of the products above. |
The components and raw material for production are purchased from both
local and abroad.
Subject is mainly engaged in manufacturing
and trading of plastic machinery and the related products.
Subject introduced that its Major products sold as following:
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Product |
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Automatic Blow Molding Machine |
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PET Stretch Blow Molding Machine |
Automatic PET Stretch Blow Molding Machine |
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Semi-auto PET Stretch Blow Molding Machine |
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One-step Injection Blow Molding Machine |
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Accessories |
Precise Oil Filter |
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Mixer |
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Auto Jar Neck Cutting Machine |
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Leaking Tester |
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In-mold labeling Machine |
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Auto 2-side Labeling Machine |
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Hopper Dryer |
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Auto Loader |
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Proportional Device |
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Crusher |
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Master-batch Feeder |
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Belt-type Conveyor |
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Mold Temperature Controller |
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Water Cooling Chiller |
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Air Cooling Chiller |
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Blow Mold & Injection Mold |
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Servo Motor System |
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Others |
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Subject’s selling territory covers all over the world, such as Asia,
Middle East, America,
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Subject declined
to disclose the purchase settlements information, and from other sources, we
couldn’t obtain the information, either.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Plastic machinery
and the related products. |
COB, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Plastic
machinery 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 Mr. 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 |
Mr. Chen |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.32 |
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|
1 |
Rs.84.60 |
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Euro |
1 |
Rs.72.63 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.