|
Report Date : |
30.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SENSOR LIMITED |
|
|
|
|
Registered Office : |
1Fl., No.8-1, Rueiguang Rd., Neihu Chiu, Taipei |
|
|
|
|
Country : |
Taiwan |
|
|
|
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Date of Incorporation : |
03.07.1980 |
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|
|
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Com. Reg. No.: |
12284642 |
|
|
|
|
Legal Form : |
Joint Stock Company |
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|
|
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Line of Business : |
Trading of fire-fighting equipment |
|
|
|
|
No. of Employees : |
About 20 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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: |
1Fl., No.8-1,
Rueiguang Rd., Neihu Chiu, Taipei, Taiwan 114, R.O.C. |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-8792-9881 |
|
Fax Number: |
+886-2-8792-9885 |
Notes: The exact name and address are as above.
|
Registered Name: |
SENSOR LIMITED |
|
Registered Address: |
1Fl., No.8-1, Rueiguang Rd., Neihu Chiu,
Taipei, Taiwan 114, R.O.C. |
|
Date of Foundation: |
1980-7-3 |
|
Registration Number: |
12284642 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 10,000,000
(USD 340,000) (As of 2014.04, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 10,000,000 (USD 340,000) |
|
Legal Representatives: |
Guocheng Xiao |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated
on 1980-7-3 with registered number 12284642
as Joint Stock Company in
Taiwan.
Change of Name
|
Former Chinese Name |
興社工業有限公司 |
|
Current Chinese Name |
興社工業股份有限公司 |
|
Name |
Subscription Shares |
|
Guocheng Xiao |
844,000 |
|
Demao Wei |
|
|
500 |
|
|
Qingliu Wu |
500 |
|
Zhaocheng Zhou |
45,000 |
The information above is that of subject’s major shareholders.
Subject did not introduce whether it has any subsidiaries or branches, from
other source we cannot obtain the relevant information, either.
Core Management
Directors
|
1 |
|
|
Name |
Guocheng Xiao |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Demao Wei |
|
Position |
Director |
|
3 |
|
|
Name |
Qingliu Wu |
|
Position |
Director |
|
4 |
|
|
Name |
Zhaocheng Zhou |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 20 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
1Fl., No.8-1, Rueiguang Rd., Neihu Chiu, Taipei, Taiwan 114, R.O.C. |
Production
Information
Subject is a trader of fire-fighting equipment without any production
activities.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
E603050 |
Automatic control equipment engineering industry |
|
E603040 |
Fire-fighting equipment installation |
|
F117010 |
Wholesale of fire-fighting equipment |
|
CD01010 |
Manufacturing of ship and components |
|
CB01990 |
Manufacturing of other machinery (rescue facilities: air cushion jack,
fire extinguisher) |
|
CC01060 |
Manufacturing of wire communication equipment |
|
CC01070 |
Manufacturing of wireless communication equipment |
|
I301010 |
Software service |
|
F118010 |
Wholesale of software |
|
F114060 |
Wholesale of ship and components |
|
F214060 |
Retail of ship and components |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
Subject purchases products mainly from abroad such as Japan, USA and UK
and we obtained some of its suppliers’ information as follows for reference.
|
1 |
|
|
Name |
Angus Fire Ltd |
|
Address |
Angus House, Haddenham Business Park, Pegasus Way, Haddenham, Aylesbury,
HP17 8LB, United Kingdom |
|
Tel |
+44-1844-293600 |
|
Fax |
+44-1844-293664 |
|
Name |
Kidde-Fenwal Inc. |
|
Address |
400 Main Street, Ashland, MA 01721 USA 508-881-2000 |
|
3 |
|
|
Name |
Isuzu Kogyo Co., Ltd. |
|
Address |
16-11, Futaba-cho, Itabashi-ku, Tokyo, Japan |
|
Tel |
+81-3-3962-2471 |
|
Fax |
+81-3-3962-2471 |
Sales Information
·
Subject is engaged in sale of fire-fighting
equipment
·
The major products sold by subject include foam
sprinkler, automatic fire extinguishing system, fire alarm equipment, escape
equipment, spray gun and aerosol fire extinguishing equipment
·
Subject’s sales region is mainly in Taiwan domestic
market.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Subject has little domestic purchase.
Foreign
Purchase
|
Terms |
Proportion |
|
|
L/C, T/T |
100% |
Sales
Domestic
Markets
|
Terms |
Proportion |
|
|
Fire-fighting
equipment |
T/T, Cash |
100% |
Export
Subject has little export.
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 Mr. Wang 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 |
Mr. Wang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.52 |
|
|
1 |
Rs.101.77 |
|
Euro |
1 |
Rs.83.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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.