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Report Date : |
07.04.2014 |
IDENTIFICATION DETAILS
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Name : |
NEXPOWER TECHNOLOGY CORPORATION |
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Registered Office : |
No.2, Houke S. Rd., Houli Dist., Taichung
City 421 |
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Country : |
Taiwan |
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Date of Incorporation : |
25.11.2005 |
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Com. Reg. No.: |
28040138 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of thin film PV module |
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No. of Employees |
About 400 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 – 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 |
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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. 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, Houke S.
Rd., Houli Dist., Taichung City 421, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
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Website: |
Notes: The exact address is as above.
|
Registered Name: |
NEXPOWER TECHNOLOGY CORPORATION |
|
Registered Address: |
No.2, Houke S. Rd., Houli Dist., Taichung
City 421, Taiwan (R.O.C.) |
|
Date of Foundation: |
2005-11-25 |
|
Registration Number: |
28040138 |
|
Registry: |
Central Science and Industry Administrative
Bureau (Literal Translation) |
|
Registered Capital: |
NTD 7,000,000,000
(USD 230,300,000) (As of 2014.04, 1 NTD = 0.0329 USD) |
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Paid-up Capital: |
NTD 4,875,287,500 (USD 160,396,959) |
|
Legal Representatives: |
Jiacong Hong |
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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 2005-11-25 with registered number 28040138
as Joint Stock Company in
Taiwan.
|
Name |
Subscription
Shares |
|
United Microelectronics Corporation |
215,282,904 |
|
Unimicron Technology Corporation |
|
|
17,745,000 |
|
|
Hongcheng Venture Capital Investment Corporation (Literal Translation) |
24,600,000 |
The information above is that of subject’s major shareholders.
Shareholder Information:
|
1 |
|
|
Name: |
United Microelectronics Corporation |
|
Address: |
No. 3, Li-Hsin 2nd Road, Hsinchu Science
Park, Hsinchu, Taiwan, R.O.C. |
|
Date of Foundation: |
1980-5-22 |
|
Registration Number: |
47217677 |
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Registered Capital: |
NTD 260,000,000,000 (USD 8,554,000,000) (As of 2014.04, 1 NTD = 0.0329 USD) |
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Paid-up Capital: |
NTD 126,978,231,650 (USD 4,177,583,821) |
|
Legal Representatives: |
Jiacong Hong |
|
Legal Form: |
Joint Stock Company |
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Tel: |
+886-3-578-2258 |
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Fax: |
+886-3-577-9392 |
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E-mail: |
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Principle Activities: |
Manufacturing and sale of semi-conductors,
etc. |
|
Staff: |
About 13000 Employees |
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Listed at Stock Exchange: |
Yes; Stock Symbol: TWSE: 2303, NYSE: UMC |
|
2 |
|
|
Name |
Unimicron Technology Corporation |
|
Address: |
38, Hsing Pong Rd., Kwei Shan Ind. Park,
Taoyuan County; Taiwan |
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Date of Foundation: |
1990-1-25 |
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Registration Number: |
23535435 |
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Registered Capital: |
NTD 20,000,000,000 (USD 658,000,000) (As of 2014.04, 1 NTD = 0.0329 USD) |
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Paid-up Capital: |
NTD 15,386,059,960 (USD 506,201,373) |
|
Legal Representatives: |
Zizhang Zeng |
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Legal Form: |
Joint Stock Company |
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Tel: |
+886-3-350-0386 |
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Fax: |
+886-3-350-0372 |
|
Principle Activities: |
Manufacturing and sale of printed circuit
boards, etc. |
|
Staff: |
About 9700 Employees |
|
Listed at Stock Exchange: |
Yes; Stock Symbol: TWSE:3037 |
|
3 |
|
|
Name: |
Hongcheng Venture Capital Investment
Corporation (Literal Translation) |
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Date of Incorporate: |
1993-10-16 |
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Principle Activities: |
General investment business |
Factory
|
Address: |
No.2, Houke S. Rd., Houli Dist., Taichung
City 421, Taiwan (R.O.C.) |
|
Date of Registration: |
2007-12-13 |
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Factory Registration Number: |
93A00102 |
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Factory Manager: |
Jiacong Hong |
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Status: |
In Production |
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Date of Last Annual Return: |
2012-6-8 |
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Major Products: |
264 Photoelectric material and components 281 Electricity generation and transmission power machinery |
Core Management
Directors
|
1 |
|
|
Name |
Jiacong Hong |
|
Position |
Chairman of the Board |
|
2 |
|
|
Name |
Qidong Liu |
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Position |
Director |
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3 |
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|
Name |
Zaisheng Shen |
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Position |
Director |
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4 |
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|
Name |
Chuanfang Shen |
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Position |
Director |
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5 |
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|
Name |
Zhihong Ye |
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Position |
Director |
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6 |
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Name |
Hongcheng Venture Capital Investment Corporation (Literal Translation) |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 400 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.2, Houke S. Rd., Houli Dist., Taichung City 421, Taiwan (R.O.C.) |
Production
Information
Subject is engaged in manufacturing of thin film PV module, etc.
Subject has a factory in Taiwan for production.
Subject obtained the certifications of ISO 9001, ISO 14001, IEC 61646,
IEC 61730, UL 1703 and ISO/CD14067-1.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
CC01080 |
Manufacture of electronic components |
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CC01090 |
Manufacture of battery |
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CC01010 |
Manufacture of generator, and distribution machine |
|
E601010 |
Installation of electrical equipment |
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F119010 |
Wholesale of electronic material |
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F219010 |
Retail of electronic material |
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F401010 |
International trade (above products) |
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IG03010 |
Service of energy technology |
The components and raw materials for production are purchased both home
and abroad.
It is introduced that subject’s glass materials are purchased from
Japan.
Subject is engaged in sales of thin film PV
module, etc.
Subject’s general delivery lead time of products over 100 kg is about 1
to 2 weeks.
Subject’s sales regions include domestic market, Japan, Korea, Southeast
Asia, USA, North America, Europe, etc.
It is introduced that subject has many cooperative distributors in
different parts of the world such as Germany, Spain, France, Greece, Italy,
Mexico, Portugal, and United States, etc
Major products sold
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|
Product |
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1 |
5’’ Monocrystalline solar cell |
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2 |
Standard module |
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3 |
Low-voltage module |
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4 |
BIPV module |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Trademark
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Registered No.: |
01339441 |
Type of trademark: |
Trademark |
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Application No.: |
097014886 |
Application date: |
097/04/02 |
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Registration date: |
2008/12/01 |
Due date: |
2018/11/30 |
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Applicant: |
Name |
NexPower Technology Corporation |
|
|
Address |
No.2, Houke S. Rd., Houli Dist., Taichung City
421, Taiwan (R.O.C.) |
||
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Merchandise categories |
009 |
||
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Merchandise name: |
solar cell, fuel cell, Light-Emitting Diode ( LED ), transistor,
semiconductor, computer monitor, cameras, television sets, telephone, etc. |
||
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Components and raw materials, etc. |
T/T, Cash, etc |
100% |
Import
|
Payment Terms |
Proportion |
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L/C, T/T, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Thin film PV module, etc |
T/T, Cash, etc |
100% |
Export
|
Sales Terms |
Proportion |
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|
Thin film PV module, 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 can not obtain the relevant information, either.
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Name: |
First Commercial Bank |
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. Tang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.32 |
|
UK Pound |
1 |
Rs.100.04 |
|
Euro |
1 |
Rs.82.65 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<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.