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Report Date : |
12.04.2014 |
IDENTIFICATION DETAILS
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Name : |
ISOLA ASIA PACIFIC (TAIWAN) INC. |
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Formerly Known as: |
Alliedsignal (Taiwan) Inc. |
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Registered Office : |
No.915,Sec.2,Cheng Kuang Rd., Kuan Yin
Industries Dist., Kuan Yin Hsiang, Taoyuan |
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Country : |
Taiwan |
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Date of Incorporation : |
28.08.1990 |
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Com. Reg. No.: |
23529975 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Engaged in manufacturing and sale of printed circuit board & copper clad laminates |
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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 |
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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 : |
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
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Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
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Taiwan |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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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.915,Sec.2,Cheng
Kuang Rd., Kuan Yin Industries Dist., Kuan Yin Hsiang, Taoyuan, Taiwan |
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Supplied Address: |
915 Cheng Kung
Road, Sec-2 Kuang Yin Industrial District Tao Yuan Hsien |
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Telephone Number: |
+886-3-483-7000 |
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Fax Number: |
Notes: The exact name and address are as above.
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Credit Opinion: |
Notes: Subject declined
to disclose the number of the staff, and from other source we cannot obtain the
information.
Subject was incorporated on 1990-8-28 with registered number 23529975 as Joint Stock Company in Taiwan.
Change of Name
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Former Chinese Name |
台灣聯信高科股份有限公司 |
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Current Chinese Name |
台灣德聯高科股份有限公司 |
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Former English Name |
Alliedsignal (Taiwan) Inc. |
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Current English Name |
Isola Asia Pacific (Taiwan) Inc. |
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Name |
Subscription Shares |
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Isola Werke UK Limited |
25,013,400 |
The information above is that of subject’s major shareholders.
Shareholder
Information:
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Name: |
Isola Werke UK Limited |
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Registered Address: |
2 Wyndford Road, Wardpark North, Cumbernauld
, G68 0BA, Scotland, UK |
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Tel: |
+ 44-0870-143-2281 |
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Fax: |
+44-0870-143-2282 |
Factories
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1 |
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Name: |
Isola Asia Pacific (Taiwan) Inc. Yangmei Factory |
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Address: |
No. 159, Minfu Rd., Sec. 2, Ruiyuan Li, Yangmei City, Taoyuan County,
Taiwan |
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Date of Foundation: |
1995-7-26 |
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Date of Registration: |
1995-11-3 |
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Factory Registration Number: |
99621130 |
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Factory Manager: |
Shengxiong Yang |
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Status: |
In Production |
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Date of Last Annual Return: |
2010-4-14 |
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Major Products: |
269 Other electronic components |
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2 |
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Name: |
Isola Asia Pacific (Taiwan) Inc. Taoyuan Factory |
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Address: |
No.915,Sec.2,Cheng Kuang Rd., Kuan Yin
Industries Dist., Kuan Yin Hsiang, Taoyuan, Taiwan |
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Date of Foundation: |
1990-11-22 |
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Date of Registration: |
1992-10-1 |
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Factory Registration Number: |
99621767 |
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Factory Manager: |
Shengxiong Yang |
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Status: |
In Production |
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Date of Last Annual Return: |
2010-4-14 |
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Major Products: |
263 Printed circuit board |
Related Companies
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1 |
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Name |
Isola USA Corp. |
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Address |
3233 Dwight Road Elk Grove, CA 95758 |
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2 |
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Name |
Isola Asia Pacific (Huizhou) Company Limited |
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Address |
No. 198 Huguang Road, Huzhen Town, Boluo County, Huizhou City,
Guangdong Province, 516139, China |
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Tel |
+86-752-630-2222 |
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Fax |
+86-752-630-2288 |
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3 |
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Name |
Isola Asia Pacific (Singapore) Pte. Ltd. |
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Address |
01 Gul Circle, Jurong Industrial Estate Singapore, 629587 |
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Tel |
+65-6864-1200 |
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Fax |
+65-6862-5036 |
Core
Management
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1 |
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Name |
Mathew Ray Laront |
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Position |
Chairman of the Board |
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2 |
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Name |
Raymond Sharpe |
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Position |
Director |
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3 |
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Name |
Shengxiong Yang |
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Position |
Director |
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4 |
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Name |
Guozheng Lin |
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Position |
Director |
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5 |
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Name |
Frank Gordon Bitter |
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Position |
Director |
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6 |
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Name |
Lau, Yee Yan |
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Position |
Supervisor |
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7 |
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Name |
Shengxiong Yang |
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Position |
Manager |
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Date of Appointment |
2010-6-30 |
Offices
& Factories
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|
Headquarters |
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Add |
No.915,Sec.2,Cheng Kuang Rd., Kuan Yin
Industries Dist., Kuan Yin Hsiang, Taoyuan, Taiwan |
Production
Information
l
Subject is engaged in manufacturing of printed
circuit board
l
Subject has two factories in Taiwan for production.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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Manufacturing and sale of kinds of
printing substrate and semi-finished products. |
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General import and export (besides licensed
business) and department store sales |
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Agency of bid price quotations and sales
business of domestic and foreigner manufactures (except for the futures) |
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delivery center bonded warehouse (its
scope is limited to those approved by the customs) |
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I103010 |
Consultancy of enterprise operation
management |
l
The components and raw materials for production are
both purchased at home and abroad.
l Subject is engaged
in sale of printed circuit board
l
The major products sold by subject include copper
clad laminates & printed circuit boards
l
Subject’s sales regions include domestic market,
Japan, Korea, Singapore, Southeast Asia, USA, Europe, Australia, etc.
l
One of the subject’s major customers is Universal
Circuits Inc.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Terms |
Proportion |
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Components
and raw materials, etc. |
T/T,
Cash, etc |
100% |
Foreign Purchase
|
Terms |
Proportion |
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Components
and raw materials, etc. |
L/C,
T/T, etc |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
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Printed
circuit board, etc. |
T/T,
Cash, etc |
100% |
Export
|
Terms |
Proportion |
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Printed
circuit board, 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.
Subject declined to
disclose any information about bankers, and we can not obtain the information
from other source.
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. Yang |
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Department |
Sales |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.26 |
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UK Pound |
1 |
Rs.101.09 |
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Euro |
1 |
Rs.83.73 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
MNL |
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.