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Report Date : |
19.01.2013 |
IDENTIFICATION DETAILS
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Name : |
KU PING ENTERPRISE CO., LTD. |
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Registered Office : |
No.5, Lane 302, Hsin Shu RD, Xinzhuang
Dist., New Taipei City 242 |
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Country : |
Taiwan |
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Date of Incorporation : |
18.08.1978 |
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Com. Reg. No.: |
12188232 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacture and sales of hardware materials,
etc. |
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|
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
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 (31.03.2012) |
Current Rating (30.06.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
|
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.5, Lane 302,
Hsin Shu RD, Xinzhuang Dist., New Taipei City 242, Taiwan (R.O.C.) |
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Supplied Address: |
|
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Telephone Number: |
+886- 2-8201-3987 |
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Fax Number: |
+886- 2-8201-2388 / 8201-2368 |
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E-mail: |
Notes: The exact name and address are as above.
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Registered Name: |
|
|
Registered Address: |
No.5, Lane 302, Hsin
Shu RD, Xinzhuang Dist., New Taipei City 242, Taiwan (R.O.C.) |
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Date of Foundation: |
|
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Registration Number: |
12188232 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2013.1, 1 NTD = 0.03449 USD) |
|
Legal Representatives: |
Qiuqin Li |
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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: |
Notes: Subject declined
to disclose its staff number; from other source we cannot obtain the relevant
information, either.
Subject was incorporated
on 1978-8-18 with registered number 682664 as Private Limited Liability Company in
Taiwan.
|
Name |
Subscription Amount |
|
Qiuqin Li |
12,400,000 |
The information above is that of subject’s major shareholders.
Office
|
Name |
Taichung Liaison Office |
|
Address: |
No.5, Lane 302, Hsin Shu RD, Xinzhuang
Dist., New Taipei City 242, Taiwan (R.O.C.) |
|
Telephone Number: |
+886-4-2626-1089 |
|
Fax Number: |
+886-4-2627-1756 |
Factories
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1 |
|
|
Name |
Siyuan Plant |
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Address: |
Siyuan Road, Hsinchuang City |
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Started: |
1977 |
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2 |
|
|
Name |
Shinshu Plant |
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Address: |
Shinshu Road, Hsinchuang City |
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Started: |
1999 |
Core Management
|
Name |
Qiuqin Li |
|
Position |
Director |
Offices &
Factories
|
|
Headquarters |
|
Add |
No5, Lane 302,
Hsin Shu Rd., Xinzhuang Dist., New Taipei City242, Taiwan (R.O.C.) |
Production
Information
The subject is engaged in manufacturing of the hardware
materials, etc.
The factories of the subject produce lead free solder bar, lead free
solder wire, lead free solder cream, lead free solder flux, a.u. solder bar,
no./clean smt solder wire, rosin-core solder wire, solider solder wire,
high-efficient solder wire, pure core solder wire, solder dispenser, no./clean
smt solder cream, no./clean solder fluxes and water soluble fluxes
Purchase
Information
The registered activities of subject:
|
1 |
Manufacture and trade of non-iron metal, such as mischzinn, aluminum,
zinc and hardware materials of copper and aluminum. |
|
2 |
The sales of general spares and scraps of electric equipment. |
|
3 |
The sales and services of scaling powder, thinner, electric solding
iron and solder machine |
|
4 |
The operation and investment of above items. |
The raw materials for production are mostly purchased in Taiwan domestic
market.
It is introduced that subject imports some equipment
from Germany.
The subject is engaged in sales of the
hardware materials, etc.
The selling territory of the subject is mainly in Asian market.
The subject obtained the ISO 9001 quality certification.
It is introduced that the subject hasn’t produced the lead free solder
cream in recent two months.
Major products
|
Type |
Product |
|
Lead Free |
Lead Free Solder Bar Lead Free Solder Wire Lead Free Solder Cream Lead Free Solder Flux |
|
Lead |
No./Clean SMT
Solder Wire Rosin-Core
Solder Wire Solider Solder
Wire High-Efficient
Solder Wire Pure Core Solder
Wire Solder Dispenser NO./Clean SMT
Solder Cream NO./Clean Solder
Fluxes Water Soluble
Fluxes |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw Materials |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Equipment, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Hardware Materials |
COD, CBD,etc |
100% |
|
Product |
Sales Terms |
Proportion |
|
Hardware
Materials |
CBD,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 Li declined to
discloses 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 |
Ms Li |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.94 |
|
|
1 |
Rs.86.24 |
|
Euro |
1 |
Rs.72.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
|
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 |
|
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.