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Report Date : |
09.01.2013 |
IDENTIFICATION DETAILS
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Name : |
HANKY AND PARTNERS TAIWAN LTD. |
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Registered Office : |
No.66, Wu Chuan 7th Rd., Wugu Dist., New Taipei City 248 |
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Country : |
Taiwan |
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Date of Incorporation : |
30.10.1979 |
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Com. Reg. No.: |
12250805 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of printing machines, etc |
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No. of Employees : |
About 250 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
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 (31.03.2011) |
Current Rating (30.06.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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.66, Wu Chuan 7th Rd., Wugu
Dist., New Taipei City 248, Taiwan (R.O.C.) |
|
Supplied Address: |
No. 66, Wuquan 7th Road, Wugu Dist., New
Taipei City 248, Taiwan |
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Telephone Number: |
+886-2-2299-3866 |
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Fax Number: |
+886-2-2299-3868 |
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E-mail: |
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Website: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
Subject was incorporated on 1979-10-30 with registered
number 12250805 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Shuri Xie |
6,200,000 |
|
Baohao Tan |
600,000 |
The information above
is that of subject’s major shareholders.
Offices
|
1 |
|
|
Name |
Beijing Office |
|
Address |
Room 1312, Tower
A, 18 Jiangou Mei Nei Street, Dong Cheng Area, Beijing |
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Telephone Number |
+86-10-6518-8296 |
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Fax Number |
+86-10-6518-8289 |
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Email |
|
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2 |
|
|
Name |
Hanky (Hong
Kong) Ltd. |
|
Address |
Unit 2411-12,
24/F, Tower One, Ever Gain Plaza, 88 Container Port Road, Kwai Chung, Hong
Kong |
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Telephone Number |
+852-2619-9876 |
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Fax Number |
+852-2619-9620 |
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Email |
|
|
3 |
|
|
Name |
Hanky Shanghai |
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Address |
Room 2705, Tower
D, Cao Bao Road, Shanghai |
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Telephone Number |
+86-21-6432-6681 |
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Fax Number |
+86-21-6432-6683 |
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Email |
|
|
4 |
|
|
Name |
Hanky Wuxi |
|
Address |
Miaoqiao,
Xuelang Town, Binhu District, Wuxi, Jiangsu Province, China |
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Telephone Number |
+86-510-85181751 |
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Fax Number |
+86-510-85181753 |
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Email |
|
|
5 |
|
|
Name |
Hanky America |
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Address |
195, Pioneer
Place, Pomona, CA 91768 |
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Telephone Number |
+1-909-598-7708 |
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Fax Number |
+1-909-598-7338 |
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Email |
|
|
6 |
|
|
Name |
Hanky Europe
GmbH |
|
Address |
Darmstädter
Landstr. 180-186 60598 Frankfurt am Main, Germany. |
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Telephone Number |
+49-069-2414-3603 |
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Fax Number |
+49-069-2414-3605 |
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Email |
|
Related Companies
|
Name |
V-TECH
(Guangzhou) Ltd. |
|
Address |
No.8, Jiuling Road,
Yonghe Economic Zone, Guangzhou Economic and Technological Development
District Guangzhou China 511356 |
|
Telephone Number |
+86-20-3222-6688 |
|
Fax Number |
+86-20-3222-6699 |
Core
Management
Directors
|
1 |
|
|
Name |
Shuri Xie |
|
Position |
Board Director |
|
2 |
|
|
Name |
Zhongwei Tan |
|
Position |
Director |
|
3 |
|
|
Name |
Baohao Tan |
|
Position |
Director |
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4 |
|
|
Name |
Mingfang Xie |
|
Position |
Supervisor |
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5 |
|
|
Name |
Yaokun Zeng |
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Position |
Manager |
|
Date of
Appointment |
2009-7-30 |
Personnel
Structure
|
Total Employees |
About 250 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.66, Wu Chuan 7th Rd., Wugu Dist., New Taipei City 248,
Taiwan (R.O.C.) |
Production
Information
l
Subject is engaged in manufacturing of printing
machines, etc.
l
Subject has factories in Taiwan and mainland China
for production.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Trading of all kinds of printing machine,
bronzine machine, textile machine, fire-fighting equipment, and mechanical
hardware |
|
-- |
Trading of building material, household
appliances (electric rice cooker), vehicle component, leather copier machine,
typewriter, and mimeographing machine |
|
-- |
Trading of textile, artifact (weaved and knited
products), wooden articles, bamboo ware, canned food, bathroom equipment,
stationery, and toy (expect electronic toys) |
|
-- |
Agent, price quoting, bidding service, Import,
export and marketing of all kinds of above mentioned items. |
|
-- |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The components for production are purchased from
both home and abroad.
l
Subject is engaged in sales of printing machines,
etc.
l
Subject’s sales regions include Asia, Europe, and
America, etc.
l
Subject obtained the certification of ISO 9001.
Major types of
products sold
|
|
Type |
|
1 |
Pad Printing Machine |
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2 |
Screen Printing Machine |
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3 |
Digital UV Inkjet Printing |
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4 |
CD/ DVD Printing |
|
5 |
Thermal Transfer Printing |
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Components |
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Printing
machines |
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 Mr. Cao 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
cannot 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. Cao |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.98 |
|
|
1 |
Rs.88.11 |
|
Euro |
1 |
Rs.71.67 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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 |
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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 |
|
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 |
|
-- |
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.