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Report Date : |
11.06.2013 |
IDENTIFICATION DETAILS
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Name : |
INWIN W & R CORPORATION |
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Registered Office : |
4F., No. 50, Lane 79, Sec. 1, Xiangshang Rd.,
West Dist., Taichung City 40358 |
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Country : |
Taiwan |
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Date of Incorporation : |
29.07.1992 |
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Com. Reg. No.: |
86808073 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of machinery and equipment |
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No. of Employees : |
About 10 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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 : |
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 – 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 4.1%. 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.
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Source : CIA |
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Company Name: |
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Supplied Name: |
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Supplied Address: |
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Telephone Number: |
+886-4-2639-4523 |
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Fax Number: |
Notes: The exact
name and address are as above.
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Credit Opinion: |
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Registered Name: |
Inwin W & R Corporation |
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Registered Address: |
4F., No. 50, Lane 79, Sec. 1, Xiangshang
Rd., West Dist., Taichung City 40358, Taiwan (R.O.C.) |
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Date of Foundation: |
1992-7-29 |
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Registration Number: |
86808073 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2013.6, 1 NTD = 0.0335 USD) |
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Paid-up Capital: |
NTD 5,000,000 (USD 167,500) |
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Legal Representatives: |
Shichang Wei |
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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 was incorporated on 1992-7-29 with registered number 86808073 as Joint Stock Company in Taiwan.
|
Name |
Subscription
Shares |
|
Shichang Wei |
200,000 |
|
Jiahui Ji |
|
|
100,000 |
|
|
Change Li |
100,000 |
|
Gankun Wei |
100,000 |
The information above is that of subject’s major shareholders.
Subject did not introduce whether it has any
subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Core
Management
Directors
|
1 |
|
|
Name |
Shichang Wei |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Jiahui Ji |
|
Position |
Director |
|
3 |
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|
Name |
Change Li |
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Position |
Director |
|
4 |
|
|
Name |
Gankun Wei |
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Position |
Supervisor |
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Total Employees |
About 10 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
4F., No. 50, Lane 79, Sec. 1, Xiangshang
Rd., West Dist., Taichung City 40358, Taiwan (R.O.C.) |
l
The subject is a trader of machinery and equipment
without any production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F102170 |
Wholesales of food and other goods. |
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F106010 |
Wholesales of hardware. |
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F108031 |
Wholesales of medical treatment equipment. |
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F111090 |
Wholesales of construction materials. |
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F113010 |
Wholesales of machinery. |
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F114030 |
Wholesales of automobile and locomotive’s
components and equipment. |
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F119010 |
Wholesales of electronic materials. |
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F206010 |
Retails of hardware. |
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F208031 |
Retails of medical treatment equipment. |
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F211010 |
Retails of construction materials. |
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F213080 |
Retails of machinery. |
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F214030 |
Retails of automobile and locomotive’s
components and equipment. |
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F219010 |
Retails of electronic materials. |
|
F401010 |
International trading business/ |
|
F107200 |
Wholesales of chemical raw materials. |
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F203010 |
Retails of food and other goods. |
|
F207200 |
Retails of chemical raw materials. |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
It is introduced that subject purchases products
both in domestic and overseas markets.
l The subject is
mainly engaged in sales of machinery and equipment.
l
It is introduced that subject’s selling territory
covers all over the world.
l
It is introduced that subject’s major customers are
manufacturers of food, drink, medicine and etc.
l
It is introduced that subject’s products are
applied to the packaging of food, drink, medicine and etc.
Major Products
|
1 |
The whole packing facilities of canned
beverage |
|
2 |
The whole packing facilities of mineral
water |
|
3 |
The whole packing facilities of low
carbonated beverage |
|
4 |
The whole packing facilities of heat-resisting
plastic bottled beverage |
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5 |
Automatic granule filler |
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6 |
Automatic gluten filler |
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7 |
Automatic nut filler |
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8 |
Automatic can drying machine |
|
9 |
Automatic sleeve labeling machine. |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment
Terms |
Proportion |
|
|
Machinery
and equipment. |
COD,
CBD and etc |
100% |
Foreign Purchase
|
Payment
Terms |
Proportion |
|
|
Machinery
and equipment. |
CBD
and etc |
100% |
Sales
Domestic Markets
|
Sales
Terms |
Proportion |
|
|
Machinery
and equipment. |
COD,
CBD and etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Machinery
and equipment. |
CBD
and 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 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 |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.78 |
|
UK Pound |
1 |
Rs.89.71 |
|
Euro |
1 |
Rs.76.24 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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 |
|
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 |
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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.