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Report Date : |
29.01.2013 |
IDENTIFICATION DETAILS
|
Name : |
K & H MFG. CO., LTD. |
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Registered Office : |
6F,No.8,Sec.4,Tzu-Chiang Rd., Sanchong Dist., New Taipei City 241 |
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Country : |
Taiwan |
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Date of Incorporation : |
18.06.1979 |
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Com. Reg. No.: |
12231879 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of electronic components and electronic equipment. |
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No. of Employees : |
Not Available |
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 |
|
Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
|
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 |
|
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: |
5F No & Sec 4 Tzu Chang Road San Chung District 241 New Taipei City |
|
Supplied Address: |
5F No & Sec 4 Tzu Chang Road San Chung District 241 New
Taipei City |
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Telephone Number: |
+886-2-2286-7786 |
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Fax Number: |
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E-mail: |
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Website: |
Notes: The accurate name and address are as above.
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Credit Opinion: |
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Registered Name: |
|
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Registered Address: |
6F,No.8,Sec.4,Tzu-Chiang Rd., Sanchong Dist., New Taipei City 241,
Taiwan (R.O.C.) |
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Date of Foundation: |
|
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Registration Number: |
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Registry: |
New Taipei City Government |
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Registered Capital: |
NTD108,000,000 (USD
3,650,400) (As of 2013.1, 1 NTD = 0.0338 USD) |
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Paid-up Capital: |
NTD 108,000,000 (USD 3,650,400) |
|
Legal Representatives: |
Derun Xu |
|
Legal Form: |
|
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Principal Activities: |
Manufacture and sales
of electronic components and electronic equipment. |
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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 1979-6-18 with registered
number 12231879 as Joint Stock Company in Taiwan.
|
Subscription Shares |
|
|
Derun Xu |
297,106 |
|
Xiuxun Guo |
|
|
1,432,306 |
|
|
Shunsheng Wang |
391,603 |
|
Wenhe Wu |
774,400 |
|
Guangfu Zhou |
629,200 |
|
Taiyi Xu |
330,000 |
|
Yongshi Lai |
220,000 |
|
Tai-Shing
Electronics Components Corporation |
208,120 |
|
Zhende Zhang |
208,120 |
The information
above is that of subject’s major shareholders.
|
Name |
Beijing Zhangyu Jinyi Scientific Teaching
Instrument & Equipment Co., Ltd. |
|
Address |
Rm. 414, 4/f, Jingu Mansion, No. 55, Xisankou
Rd., Haidian, Beijing, China |
|
2 |
|
|
Name |
Shanghai Zhangyu
Songjiu Scientific Teaching Instrument & Equipment Co., Ltd. (Literal
Translation) |
|
Address |
3F, No.1, Longgao
Rd 538, Jiuting County, Songjiang District, Shanghai, China |
Core
Management
Directors
|
1 |
|
|
Name |
Derun Xu |
|
Position |
Board Chairman |
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2 |
|
|
Name |
Xiuxun Guo |
|
Position |
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3 |
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|
Name |
Shunsheng Wang |
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Position |
Director |
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4 |
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|
Name |
Wenhe Wu |
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Position |
Director |
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5 |
|
|
Name |
Guangfu Zhou |
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Position |
Director |
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6 |
|
|
Name |
Taiyi Xu |
|
Position |
Director |
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7 |
|
|
Name |
Yongshi Lai |
|
Position |
Director |
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8 |
|
|
Name |
Kainan Luo |
|
Position |
Supervisor |
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9 |
|
|
Name |
Zhende Zhang |
|
Position |
Supervisor |
Offices
& Factories
|
|
Headquarters |
|
Add |
5F No & Sec 4 Tzu Chang Road San Chung District 241 New Taipei City |
Production
Information
l
The subject is engaged in manufacturing of electronic components and electronic
equipment for education.
l It is introduced
that the subject has factory in Taiwan, but we cannot get the exact location
from any sources.
l
The subject has obtained the IS0-9001 and ISO-14001
certificate.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacture, process and trade of electronic products
which are used in teaching. (1. solderless electronic circuit 2. testing logic pen 3.equipment of testing logic
experiment 4. training aids of logic 5. integrated circuit test clip
6.equipment of continuity test 7. electronic practice universal box 8.
design, research and development of above products |
|
-- |
Manufacture, process, assemblage repair and trade
of electronic building bricks, electronic equipment, micro-computer and the
motor equipment and instrumentation. |
|
-- |
Trade of communication, telecommunication and
electronic products |
|
-- |
Business of refrigeration equipment, hydraulic,
steam pressure of automation machinery, hardware and tools and conveyor |
|
-- |
Business of equipment and tools of printing chemical
industry and building industry |
|
-- |
Business of equipment for mechanical and
aeronautical |
|
F199990 |
Other wholesale(aquarium equipment) |
|
F106060 |
Wholesale of pet supplies |
|
CC01990 |
Manufacture of other electric motor and electronic
equipment. (induction heating equipment, electronic temperature control,
leakage alarm, automatic controller, fish tank heating device, automatic
feeder and constant temperature machine) |
|
CC01040 |
Manufacture of lighting equipment |
|
CE01010 |
Manufacture of general instrument |
|
CC01030 |
Manufacture of electronic instrument |
|
-- |
General business of export and import(except for
licensing business) |
|
-- |
Agent of Quotation bid business for the product s
of companies in home and abroad |
l
The components for production are purchased both
from local and overseas market.
l
The subject imports some
products from Germany and Israel, etc.
l The subject is
engaged in sales of electronic
components and electronic equipment for education.
l
The subject’s selling
territory includes Kenya, Nigeria, Sudan, Tunisia, South Africa, Dominican
Republic, Guatemala, Mexico, Bolivia, Chile, Colombia, Peru, Australia,
Bangladesh, Brunei Darussalam, Indonesia, Malaysia, Nepal, Pakistan, Thailand,
Taiwan and mainland, China, Vietnam, Israel, Iraq, Iran, Jordan, Oman, Syrian
Arab Republic, Turkey, United Kingdom, Morocco, Poland, Portugal, Sweden,
Burkina Faso, Algeria, Egypt, Ethiopia, Canada, Puerto Rico, Ecuador, Sri
Lanka, Saudi Arabia.
l
The subject is also the
agent of many brands, such as “Famic”, “GUNT”, “intelitek”, “LD DIDACTIC”,
“Acute” and etc.
l The major customers of subject are universities, institutes and colleges,
vocational high schools, military schools, vocational training centers, and research
centers, etc.
Major products
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|
Product |
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1 |
Data Communication and Networking |
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2 |
Communication System |
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3 |
Microcomputer Control System |
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4 |
Electronics Circuits System |
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5 |
Biomedical Measurement System |
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6 |
Industrial Control System |
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7 |
Electrical Machine / Power Electronics |
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8 |
Refrigeration / Air Condition System |
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9 |
Automatic Control System |
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10 |
Autotronics System |
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11 |
Green Energy System |
|
12 |
Testing Instrument |
|
13 |
Electronic Trainer / Breadboard / Accessories |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
(Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components and
products |
CBD, etc |
100% |
Sales
Domestic Markets
(Taiwan)
|
Sales Terms |
Proportion |
|
|
Electronic components and electronic equipment. |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Electronic components and electronic equipment. |
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. Xu 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 |
Ms.Xu |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.89 |
|
|
1 |
Rs.84.92 |
|
Euro |
1 |
Rs.72.51 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.