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Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
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Name : |
GOANG LIH MACHINERY INDUSTRIAL CO., LTD. |
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Registered Office : |
No.2, Alley 192, Lane 879, Guangfu Rd., Bade City, Taoyuan
County 334 |
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Country : |
Taiwan |
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Date of Incorporation : |
09.07.2003 |
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Com. Reg. No.: |
80436414 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Engaged in manufacturing and sales of related machinery for textiles including single jersey knitting machine, fleecy knitting machine, terry knitting machine, interlock knitting machine, rib.net knitting machine & open width knitting machine |
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No. of Employees |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
Unknown |
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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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
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High |
B2 |
|
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. Taiwan's diplomatic
isolation, low birth rate, and rapidly aging population are other major
long-term challenges. Free trade agreements have proliferated in East Asia over
the past several years, and following the landmark Economic Cooperation
Framework Agreement (ECFA) signed with China in June 2010, Taiwan in July 2013
signed a free trade deal with New Zealand—Taipei’s first-ever with a country with
which it does not maintain diplomatic relations—and in November inked a trade
pact with Singapore. Negotiations continue on follow-on components of ECFA
regarding trade in goods and a dispute resolution mechanism; a trade in
services agreement is under review in the legislature. 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 overall trade surplus largely because of its surplus with
China, and its foreign reserves are the world's sixth largest, behind China,
Japan, Saudi Arabia, Russia, and Switzerland. 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. Taiwan since
2009 has gradually loosened rules governing Chinese investment on the island,
and has also secured greater market access for its investors in the mainland.
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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Trading Address: |
No.2, Alley 192,
Lane 879, Guangfu Rd., Bade City, Taoyuan County 334, Taiwan (R.O.C.) |
|
Supplied Address: |
NO. 2 ALLEY 192,
LANE 879, GUANGFU RD, BADE CITY, TAOYUAN COUNTY 334 |
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Telephone Number: |
+886-3-361-9298 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above.
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Credit Opinion: |
Notes: Subject declined to disclose its staff number; from other source we
cannot obtain the relevant information, either.
Subject was incorporated on 2003-7-9 with registered number 80436414 as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Yuzhu Qiu |
4,100,000 |
The information above is that of subject’s major shareholders.
Factory
|
Address: |
No.2, Alley 192, Lane 879, Guangfu Rd., Bade
City, Taoyuan County 334, Taiwan (R.O.C.) |
|
Date of Registration: |
2008-9-22 |
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Factory Registration Number: |
99707830 |
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Factory Manager: |
Yuzhu Qiu |
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Status: |
In production |
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Date of Last Annual Return: |
2008-9-22 |
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Major Products: |
292 General machinery and equipment |
Core Management
|
Name |
Yuzhu Qiu |
|
Position |
Director |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.2, Alley 192, Lane 879, Guangfu Rd., Bade
City, Taoyuan County 334, Taiwan (R.O.C.) |
Production
Information
l
Subject is a manufacturer of related machinery for textiles.
l
It is introduced that
subject has a factory in Taiwan for production.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacturing of machinery and equipment |
|
F401010 |
International trading business. |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
It is introduced that subject purchases its
components both at home and abroad.
l The subject is
mainly engaged in sales of related
machinery for textiles.
l
It is introduced that subject’s
major products include single jersey knitting machine, fleecy knitting machine,
terry knitting machine, interlock knitting machine, rib.net knitting machine
& open width knitting machine
l
It is introduced that
subject’s selling territory includes China, Hong Kong, Philippines, Indonesia,
Thailand, Malaysia, Pakistan, India, Bangladesh, Egypt and etc.
l
It is introduced that
subject’s major customers are manufacturers of garments and etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment
Terms |
Proportion |
|
|
Components
and etc |
COD,
CBD and etc |
100% |
Foreign Purchase
|
Payment
Terms |
Proportion |
|
|
Components
and etc |
CBD
and etc |
100% |
Sales
Domestic Markets
|
Sales
Terms |
Proportion |
|
|
Related machinery for textiles and etc |
COD,
CBD and etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Related machinery for textiles and etc |
COD, CBD and 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 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.
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.09 |
|
UK Pound |
1 |
Rs.99.85 |
|
Euro |
1 |
Rs.82.58 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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 |
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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 |
|
|
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 |
-- |
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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.