|
Report Date : |
02.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SIGMA MEDICAL SUPPLIES CORP. |
|
|
|
|
Registered Office : |
No.34, Ding Ping Rd., Ruifang Dist., New
Taipei City 224 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
21.04.1979 |
|
|
|
|
Com. Reg. No.: |
33886753 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer and sale of medical supplies |
|
|
|
|
No of Employees : |
About 180 |
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 |
|
Status : |
Satisfactory |
|
|
|
|
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 – 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 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.34, Ding Ping
Rd., Ruifang Dist., New Taipei City 224, Taiwan (R.O.C.) |
|
Supplied Address: |
2FL., NO. 19, LANE
97, SEC. 1, HSIN -SHENG S. RD., TAIPEI 10652 Taiwan |
|
Telephone Number: |
+886-2-2497-4121 |
|
Fax Number: |
Notes: Subject’s exact address is as above.
|
Credit Opinion: |
Subject was incorporated on 1979-4-21 with registered number 33886753 as Joint Stock Company in Taiwan.
|
Name |
Subscription
Shares |
|
Shantai Technology Corp. (Literal
Translation) |
10,000 |
|
Taipoly
Industries Corporation |
10,000 |
|
Nsh Medical Corp. |
2,822,827 |
|
Yijie Zhu |
1,050,847 |
The information above is that of subject’s major shareholders.
Shareholder
Information:
|
1 |
|
|
Name: |
Shantai Technology Corp. (Literal Translation) |
|
Address: |
No. 261, Sanjia East Street, Beitun Dist.,
Taichung City, Taiwan |
|
Legal Form: |
Joint Stock Company |
|
Tel: |
+886- 4-2436-6111 |
|
Fax: |
+886-4-2436-3202 |
|
Principle Activities: |
Manufacturing and sale of electronics, etc. |
|
Staff: |
About 400 Employees |
|
Listed at Stock Exchange: |
No |
|
2 |
|
|
Registered Name: |
Taipoly Industries Corporation |
|
Registered Address: |
No.36, Industrial 24th Rd., Taichung,
Taiwan, R.O.C. |
|
Legal Form: |
Joint Stock Company |
|
Legal Representative: |
Shengzhi Wang |
|
Principal Activities: |
Manufacturing and sale of packaging materials,
etc. |
|
Tel: |
+886-4-2359-0161 |
|
Fax: |
+886-4-2350-9510 |
|
Staff: |
About 185 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-3-10 |
|
3 |
|
|
Registered Name: |
Nsh Medical Corp. |
|
Registered Address: |
2F. No.19, lane 97, Sec.1, Shin Sheng S.
Rd., Taipei, Taiwan, R.O.C. |
|
Legal Form: |
Joint Stock Company |
|
Legal Representative: |
Zhennan Zhu |
|
Principal Activities: |
Manufacturing and sale of medical equipment,
etc. |
|
Tel: |
+886-2-2721-0166 |
|
Fax: |
+886-2-2777-4201 |
|
Staff: |
About 26 Employees |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-2-4 |
Factory
|
Address: |
No.34, Ding Ping Rd., Ruifang Dist., New
Taipei City 224, Taiwan (R.O.C.) |
|
Date of Foundation: |
1997-6-2 |
|
Date of Registration: |
1997-8-12 |
|
Factory Registration Number: |
99601363 |
|
Factory Manager: |
Shengxun Zhu |
|
Status: |
In production |
|
Date of Last Annual Return: |
2013-7-31 |
|
Major Products: |
332 medical equipment
& product 220 plasthetics |
Core Management
Directors
|
1 |
|
|
Name |
Shengzhi Wang |
|
Position |
Director |
|
2 |
|
|
Name |
Yifen Pan |
|
Position |
Director |
|
3 |
|
|
Name |
Wenhai Zeng |
|
Position |
Director |
|
4 |
|
|
Name |
Mingqing Huang |
|
Position |
Director |
|
5 |
|
|
Name |
Nsh Medical Corp. |
|
Position |
Director |
|
6 |
|
|
Name |
Yongjia Zhuang |
|
Position |
Supervisor |
|
7 |
|
|
Name |
Yijie Zhu |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 180
Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.34, Ding Ping
Rd., Ruifang Dist., New Taipei City 224, Taiwan |
Production
Information
l
Subject is engaged in manufacturing of medical supplies,
etc.
l
Subject has a factory in Taiwan for production.
Purchase
Information
l
The registered activities of subject:
|
|
Details |
|
1 |
Manufacturing and trading of medical equipment, etc. |
|
2 |
Import of materials for manufacturing of medical equipment |
|
3 |
Import and distribution of foreign medical equipment |
l
The components and raw materials for production are
both purchased at home and abroad like Europe, Japan, and USA, etc.
l Subject is engaged in sale of medical supplies, etc.
l The major products sold by subject include sterilization packaging & products like crepe paper wraps, nonwoven warps, flat sterilization rolls, sterilization rolls, self-sealing sterilization pouches, header bags, easy-peel pouches, steam sterilization indicator tapes, etc.
l Subject’s sales regions include domestic market, Japan, Korea, Southeast Asia, USA, Europe, etc.
l Subject’s major customers are hospitals, clinics and drug stores, etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic
Purchase
|
Terms |
Proportion |
|
|
Components
and raw materials, etc. |
T/T,
Cash, etc |
100% |
Foreign
Purchase
|
Terms |
Proportion |
|
|
Components
and raw materials, etc. |
L/C,
T/T, etc |
100% |
Sales
Domestic
Markets
|
Terms |
Proportion |
|
|
Medical
supplies, etc. |
T/T,
Cash, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Medical
supplies, etc. |
L/C,
T/T, 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 cannot obtain the relevant information, either.
|
Name: |
Chang Hwa Bank |
Mortgage
No chattel mortgage record of subject has been found within
the recent 3 months.
Lawsuit
|
101, Beijian, 10259 |
|
|
Date of Trial: |
2012-8-6 |
|
Reason: |
Increase payment |
|
Claimant: |
Sigma Medical Supplies Corp. |
|
Defendant: |
Executive Council Chinese
Officers And Soldiers Back Discharged Committee |
|
Name |
Mr. Wang |
|
Department |
Sales |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 60.09 |
|
|
1 |
Rs. 99.84 |
|
Euro |
1 |
Rs. 82.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SMT |
|
|
|
|
Report Prepared
by : |
DPT |
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.