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Report Date : |
05.08.2014 |
IDENTIFICATION DETAILS
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Name : |
TAIWAN U-PELLET CO., LTD. |
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Registered Office : |
No.209, |
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Country : |
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Date of Incorporation : |
13.02.1989 |
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Com. Reg. No.: |
23198525 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sale of rubber materials. |
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No. of Employees : |
50 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – June 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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 |
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Company Name: |
|
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Supplied Name: |
|
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Trading Address: |
|
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Supplied Address: |
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Telephone Number: |
+886-4-2271-1515 |
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Fax Number: |
+886- 4-2271-1188 |
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E-mail: |
Notes: The exact address is as above, and the supplied address is subject’s old address.
Subject was incorporated
on 1989-2-13 with registered number 23198525 as Joint Stock Company in Taiwan.
|
Name: |
Dali Factory |
|
Address: |
No.209, Renhua Rd., Dali Dist., Taichung City 412, Taiwan |
|
Date of
Registration: |
2004-8-17 |
|
Factory
Registration Number: |
99701905 |
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Factory Manager: |
Jinlong Zhang |
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Status: |
In Production |
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Date of Last Annual Return: |
2004-8-17 |
|
Major Products: |
184 synthetic
resin, plastics and rubbers. |
Related Company
|
Name |
Suzhou U-Pellet Co., Ltd. |
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Telephone Number: |
+86-512-5696-9198 |
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Fax Number: |
+86-512-5696-9190 |
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Address
|
215625
A02, Tech Wenture Park, Jinnan Road, Jinfeng Town, Zhangjiagang City,
Jiangsu, China |
Major Shareholders
|
Name |
Subscription Shares |
|
Jinlong Zhang |
|
|
7,123,200 |
|
|
Xiulian Wang |
3,924,200 |
|
Yuxin Zhang |
310,200 |
|
Yiyin Zhang |
332,200 |
|
Xunbo Zhang |
310,200 |
Core Management
Directors
|
1 |
||
|
Name |
Jinlong Zhang |
|
|
Position |
Chairman of the
Board |
|
|
2 |
||
|
Name |
Xiulian Wang |
|
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Position |
Director |
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3 |
||
|
Name |
Yuxin Zhang |
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Position |
Director |
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4 |
||
|
Name |
Yiyin Zhang |
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Position |
Director |
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5 |
||
|
Name |
Xunbo Zhang |
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Position |
Supervisor |
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Personnel Structure
|
Total Employees |
About 50 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
Production Information
l
Subject is engaged in manufacturing of rubber
materials, etc.
l
Subject has a factory in Taiwan for production.
l
It is introduced that subject has a factory in Mainland
China for production, but we cannot obtain the detail information.
l
Subject obtained the certification of ISO 9001, ISO
14001 and OHSAS 18001.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F107200 |
Chemical raw materials wholesale |
|
F109070 |
Culture, education instrument and recreational
supplies wholesaling |
|
F104110 |
Cloth, clothes, shoes, hats, umbrella, garment
accessories wholesaling |
|
F107010 |
Paint and coating wholesaling |
|
C801060 |
Synthetic rubber manufacturing industry |
|
C801100 |
Synthetic resin and plastic manufacturing |
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F106030 |
Mould wholesaling |
|
F113010 |
Mechanical wholesaling |
|
F113030 |
Precision instruments wholesaling |
|
F113050 |
Computer and transactional machine equipment
wholesaling |
|
F401010 |
The international trade |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The raw materials for production are both purchased
at home and abroad such as USA.
l
Subject is engaged in sale of rubber materials,
etc.
l
The major products sold by the subject include high
hydrogenated material, chemical resistance (acid, alkali, salt), good weather
resistance, softness, transparency, colorable, excellent aging resistance,
rubbery elasticity and touch, excellent rubbery electrical insulation and so
on.
l
Subject’s sales regions are domestic markets,
Japan, Korea, Singapore, Southeast Asia, Europe, Australia, etc.
l
Subject’s major customers are manufacturers of
rubber products such as shoes, etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw materials, etc. |
|
Payment Terms |
T/T, Cash, etc. |
1.
Import
|
Products |
Raw materials, etc. |
|
Payment Terms |
L/C, T/T, etc. |
1.
Domestic Markets
|
Product |
Rubber materials, etc. |
|
Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Rubber materials, etc. |
|
Selling Terms |
L/C, T/T, etc. |
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 sources we could not obtain
such information, either.
Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.
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.
Interview Details
|
Name |
Ms. Zhang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.102.69 |
|
Euro |
1 |
Rs.81.91 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PDT |
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 |
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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 |
|
|
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.