|
Report Date : |
12.08.2014 |
IDENTIFICATION DETAILS
|
Name : |
PACK LEADER MACHINERY INC. |
|
|
|
|
Registered Office : |
No.60, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
03.05.1990 |
|
|
|
|
Com. Reg. No.: |
23712868 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of packaging
equipment |
|
|
|
|
No. of Employees : |
About 40 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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
Contact Points
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.60, Gongyecyu
32nd Rd., Situn District, Taichung City 407, Taiwan R.O.C. |
|
Supplied Address: |
NO.60 32ND ROAD
TAICHUNG INDUSTRIAL PARK,TAICHUNG 407 TAIWAN R.O.C |
|
Telephone Number: |
+886-4-2359-2366 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as
above.
Company Identification Details
|
Registered Name: |
Pack Leader Machinery Inc. |
|
Registered Address: |
No.60, Gongyecyu 32nd Rd., Situn District,
Taichung City 407, Taiwan R.O.C. |
|
Date of Foundation: |
1990-5-3 |
|
Registration Number: |
23712868 |
|
Registry: |
Taichung City Government |
|
Registered Capital: |
(As of 2014.3, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 29,500,000 (USD 976,450) |
|
Legal Representatives: |
Shunxing Xie |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
History
Subject was incorporated
on 1990-5-3 with registered number 23712868
as Joint Stock Company in
Taiwan.
Shareholders
|
Subscription Shares |
|
|
Shunxing Xie |
1,475,000 |
|
Yuexia Guo |
1,325,000 |
|
Peishan Xie |
50,000 |
|
Shanghua Xie |
50,000 |
The information above is that of subject’s major shareholders.
Subsidiaries & Branches
Related Companies
|
1 |
|
|
Name |
Pack Leader USA, Llc |
|
Address |
3951 East 137th Terrace Grandview, MO 64030 USA |
|
Telephone number |
+1-816-581-4330 |
|
Fax number |
+1-816-581-4338 |
|
Email |
|
|
2 |
|
|
Name |
Pack Leader Machinery Inc., India |
|
Address |
#141/5 "Lilavati Smruti Vihar" above Goa State Co-op bank Murdi,
Cansaulim Goa-403712 |
|
Telephone number |
+91-832-322-1538 |
|
Fax number |
+91-832-288-4355 |
|
Email |
|
Factories
|
Address: |
No 60, 32nd Road Taichung Industrial Park,
Taichung 407 |
|
Date of Registration: |
2005-3-25 |
|
Factory Registration Number: |
99702154 |
|
Factory Manager: |
Shunxing Xie |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2005-3-25 |
|
Major Products |
293 General machinery and equipment |
Personnel Information
Core Management
Directors
|
1 |
|
|
Name |
Shunxing Xie |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Yuexia Guo |
|
Position |
Director |
|
3 |
|
|
Name |
Peishan Xie |
|
Position |
Director |
|
4 |
|
|
Name |
Shanghua Xie |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 40 Employees |
Operation Information
Offices &
Factories
|
|
Headquarters |
|
Add |
No.60, Gongyecyu 32nd Rd., Situn District, Taichung City 407, Taiwan
R.O.C. |
Production
Information
·
Subject is engaged in manufacturing of packaging equipment
·
Subject has factories in Taiwan for production.
·
It is introduced subject also provide OEM and ODM.
·
Subject obtained the certification of ISO9001,
ISO9002.
Purchase
Information
The registered activities of subject:
|
1 |
All kinds of filling machines, packing machines, labeling machines and
its related components manufacturing, processing and buying and selling
business |
|
2 |
All kinds of machinery and its relevant zero, components,
manufacturing, processing and buying and selling business |
|
3 |
All kinds of mechanical materials, mould, hardware tools
manufacturing, processing and buying and selling business |
|
4 |
All related products import and export trade business |
|
5 |
General import and export trade business (except futures) |
The components and raw material for production are purchased from both
home and abroad.
·
The subject is mainly engaged in sales of packaging equipment
·
The major products sold by subject include sealing machine,
automatic filling machine, Capping Machine, labeling machine, cartoning machine
·
The subject sales regions
include Asia, America, Europe
·
The subject’s major
customer is packaging industry
·
Subject has cooperated
with many companies, such as “Speedway
Packaging Machinery Inc”.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Domestic
Purchase
|
Terms |
Proportion |
|
|
Components and
raw material |
Cash, T/T |
100% |
Foreign
Purchase
|
Terms |
Proportion |
|
|
Components and
raw material |
100% |
Sales
Domestic
Markets
|
Terms |
Proportion |
|
|
Equipment |
T/T, Cash |
100% |
Export
|
Terms |
Proportion |
|
|
Equipment |
L/C |
100% |
Financial Information
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 Ms. Wu declined to
disclose its financials citing the grounds of company’s confidentiality; from
other source we can not obtain the relevant information, either.
Bankers
Public Record
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. Wu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.12 |
|
|
1 |
Rs.102.54 |
|
Euro |
1 |
Rs.81.87 |
INFORMATION DETAILS
|
Report Prepared
by : |
TPT |
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.