|
Report Date : |
21.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
INTAI TECHNOLOGY CORP. |
|
|
|
|
Registered Office : |
No.9, Jingke Rd., Nantun Dist., Taichung City 40852 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
21.10.2004 |
|
|
|
|
Com. Reg. No.: |
27473348 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sale of medical equipments |
|
|
|
|
No. of Employees : |
About 500 Employees |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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: |
|
|
Supplied Address: |
|
|
Telephone Number: |
+886-4-2359-5333 |
|
Fax Number: |
Notes: The exact address are as above.
Subject was incorporated on
2004-10-21 with registered number 27473348 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Yongfang Cai |
934,244 |
|
Baozhang Lin |
|
|
3,450,790 |
|
|
China Trust Financial Holding Co., Ltd. |
1,900,000 |
|
Zhaoxun Zhong |
1,064,061 |
|
Chunrong Lin |
1,746,211 |
|
Xiaoyong Chen |
977,117 |
|
Fuquan Zhang |
50,000 |
The information above is that of subject’s major shareholders.
Shareholder Information:
|
Registered Name: |
China Trust Financial Holding Co., Ltd. |
|
Registered Address: |
7F, No. 3, Songshou Rd., Xinyi Dist., Taipei
City, Taiwan |
|
Date of Foundation: |
2004-3-11 |
|
Registration Number: |
80355806 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
NTD 4,000,000,000 (USD 133,200,000) (As of 2014.4, 1 NTD = 0.0333 USD) |
|
Paid-up Capital: |
NTD 4,000,000,000 (USD 133,200,000) |
|
Legal Representatives: |
Wenhong Li |
|
Legal Form: |
Joint Stock Company |
|
Principal Activities: |
Investment and consultancye |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-7-8 |
Factories:
|
1 |
|
|
Address: |
No.9, Jingke Rd., Nantun Dist., Taichung
City 40852, Taiwan |
|
Date of Registration: |
2012-3-27 |
|
Factory Registration Number: |
66000949 |
|
Factory Manager: |
Yongfang Cai |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2012-3-27 |
|
Major Products: |
259 other metal products 332 medical equipments & products |
|
2 |
|
|
Name: |
Intai Technology Corp. the First Factory |
|
Address: |
No. 10, Sanshiwu Rd., Xiehe Li Industrial
Zone, Xitun Dist., Taichung City, Taiwan |
|
Date of Registration: |
2010-2-25 |
|
Factory Registration Number: |
99720643 |
|
Factory Manager: |
Yongfang Cai |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2011-2-15 |
|
Major Products: |
259 other metal products |
Core Management
Directors
|
1 |
|
|
Name |
Yongfang Cai |
|
Position |
Chairman of the Board |
|
2 |
|
|
Name |
Baozhang Lin |
|
Position |
Director |
|
3 |
|
|
Name |
Zhiyuan You |
|
Position |
Director |
|
4 |
|
|
Name |
Zhaoxun Zhong |
|
Position |
Director |
|
5 |
|
|
Name |
Chunrong Lin |
|
Position |
Director |
|
6 |
|
|
Name |
Qingguo Song |
|
Position |
Independent Director |
|
7 |
|
|
Name |
Jingyuan Huang |
|
Position |
Independent Director |
|
8 |
|
|
Name |
Xiaoyong Chen |
|
Position |
Supervisor |
|
9 |
|
|
Name |
Fuquan Zhang |
|
Position |
Supervisor |
|
10 |
|
|
Name |
Jingxian Tang |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 500 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
Production Information
·
Subject is engaged in manufacturing of medical equipments
·
Subject has two factories in Taichung, Taiwan for
production.
·
Subject obtained the certification of ISO 9001, ISO
14000, ISO 13485 and TS 16949.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
CA02010 |
Metal structure and construction components manufacturing |
|
CA02030 |
Screw nut screw, rivet products manufacturing |
|
CA03010 |
The heat treatment industry |
|
CA04010 |
The surface treatment industry |
|
CB01010 |
Machinery and equipment manufacturing |
|
CQ01010 |
Moulds die-making industry |
|
E604010 |
The machinery installation industry |
|
F106010 |
Hardware wholesale |
|
F106030 |
Mould wholesaling |
|
F109070 |
Culture and education instrument Recreational supplies wholesale |
|
CA05010 |
The powder metallurgy industry |
|
CD01060 |
Aircraft and parts manufacturing |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned
or restricted. |
|
F108031 |
Medical equipment wholesale |
|
F208031 |
Medical equipment retail |
|
CF01011 |
Medical device manufacturing |
|
F601010 |
The intellectual property industry |
|
I501010 |
Product design services |
|
IZ99990 |
Other business services |
The components and raw materials for production are both purchased at
home and abroad.
·
Subject is engaged in sale of medical equipments.
·
The major products sold by subject include medical equipments,
precision hardware, Wireless communications system components and so on.
·
Subject’s sales regions include domestic market,
Japan, Korea, Southeast Asia, US, Europe, Africa.
·
Subject’s major customers are Bosch Rexroth Corp.,
Rain Bird Ave. and Lightining Components Corp
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Components and
raw materials |
T/T, Cash |
100% |
Foreign Purchase
|
Terms |
Proportion |
|
|
Components and
raw materials |
L/C, T/T |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Medical equipments |
T/T, Cash |
100% |
Export
|
Terms |
Proportion |
|
|
Medical equipments |
L/C, T/T |
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
|
1 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
093270 |
|
Debtor Name: |
Intai Technology Corp. |
|
Document Number: |
09705065270 |
|
Date of Registration: |
2008-1-24 |
|
2 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
098938 |
|
Debtor Name: |
Intai Technology Corp. |
|
Document Number: |
09830514150 |
|
Date of Registration: |
2009-12-24 |
|
3 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
101845 |
|
Debtor Name: |
Intai Technology Corp. |
|
Document Number: |
09930362330 |
|
Date of Registration: |
2010-11-2 |
Lawsuit
Up to date of reporting, no existing or latent
litigation of the subject has been found.
|
Name |
Mr. Lin |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.38 |
|
|
1 |
Rs.101.63 |
|
Euro |
1 |
Rs.83.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NNA |
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.