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Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
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Name : |
GOUSHIN MACHINERY TOOLS CO., LTD. |
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Registered Office : |
No.100-2, |
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Country : |
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Date of Incorporation : |
15.12.1996 |
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Com. Reg. No.: |
28541386 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Engaged in Manufacturing and Subject product ranges includes: ·
CNC
5 CNC
Double Column Vertical Machining Center Horizontal
Type CNC Milling Head Vertical
Type CNC Milling Head Column
Type CNC Milling Heads Planetary
Gearboxes Spindle
Heads |
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No of Employees : |
About 30 Employees |
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 : |
Exists |
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 |
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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.100-2,
Longmen Rd., Longjing Dist., Taichung City 43450, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-4-2638-0633 |
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Fax Number: |
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E-mail: |
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Website: |
Notes: The exact name and address are as above.
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Credit Opinion: |
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Registered Name: |
Goushin Machinery Tools Co., Ltd. |
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Registered Address: |
No.100-2, Longmen Rd., Longjing Dist.,
Taichung City 43450, Taiwan (R.O.C.) |
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Date of Foundation: |
1996-12-15 |
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Registration Number: |
28541386 |
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Registry: |
Taichung City Government |
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Registered Capital: |
NTD 30,200,000
(USD 1,026,800) (As of 2014.12, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 30,200,000 (USD 1,026,800) |
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Legal Representatives: |
Yicheng Chen |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Subject was incorporated on 1996-12-15 with registered
number 28541386 as Joint Stock
Company in Taiwan.
Factory
|
Address: |
No.443-7, Side Road, Beiliu Li, Wufeng District, Taichung City, Taiwan |
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Date of Registration: |
2012-1-6 |
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Factory Registration Number: |
66000813 |
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Factory Manager: |
Yicheng Chen |
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Status: |
In Production |
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Date of Last Annual Return: |
2012-1-6 |
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Major Products: |
293 general machinery |
Major Shareholders
|
Name |
Subscription Shares |
|
Yicheng Chen |
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|
2,990 |
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Lanfang Zhuang |
30 |
Core Management
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1 |
||
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Name |
Yicheng Chen |
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Position |
Board Chairman |
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2 |
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Name |
Mingzhu Chenhuang |
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Position |
Director |
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3 |
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Name |
Lanfang Zhuang |
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Position |
Director |
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4 |
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Name |
Bingjun Chen |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 30 Employees |
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Headquarters |
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Add |
No.100-2, Longmen Rd., Longjing Dist.,
Taichung City 43450, Taiwan (R.O.C.) |
Production Information
l
Subject is engaged in manufacturing of CNC machinery tools
l
Subject has a factory in Taichung City, Taiwan for
production.
l
It is introduced that subject can provide OEM and
ODM services.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CB01990 |
Manufacturing of other machines |
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F213080 |
Retail of mechanical appliance |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
The components and raw materials for production are
mostly purchased in domestic market.
l
Some of subject’s
production facilities are imported from Japan.
l
Subject is engaged in sale of CNC machinery tools.
l
The general delivery lead time of subject is about
4~8 weeks.
l
Subject’s sales regions include Asia, Europe and
America, etc.
Major Products
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|
Product |
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1 |
CNC Vertical Machine Center |
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2 |
CNC Horizontal Machine Center |
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3 |
CNC 5 Axis Machine Center |
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4 |
CNC Tapping Center |
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5 |
CNC Double Column Vertical Machining
Center |
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6 |
Horizontal Type CNC Milling Head |
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7 |
Vertical Type CNC Milling Head |
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8 |
Column Type CNC Milling Heads |
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9 |
Planetary Gearboxes |
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10 |
Spindle Heads |
Import and export
right:
|
Yes |
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Export right |
Yes |
Purchase
1.
Domestic Purchase
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Products |
Components and raw materials |
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Payment Terms |
Cash, T/T, etc |
2.
Import
|
Products |
Components, raw materials and facilities |
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Payment Terms |
T/T, etc |
Sales
1.
Domestic Markets
|
Product |
Machinery, etc |
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Selling Terms |
Cash, T/T, etc |
2.
Export
|
Product |
Machinery, 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 Ms. Zhuang 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
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Case Type: |
Chattel Mortgage |
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File No.: |
100692 |
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Debtor Name: |
Goushin Machinery Tools Co., Ltd. |
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Document Number: |
09930317510 |
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Date of Registration: |
2010-7-13 |
Lawsuit
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Trial Number: |
2014,zhongjian,2185 |
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Date of Trial: |
2014-10-28 |
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Reason: |
Final payment |
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Claimant: |
Shiwen Wang |
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Defendant: |
Goushin Machinery Tools Co., Ltd. |
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2 |
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Trial Number: |
2014,zhongjian,2185 |
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Date of Trial: |
2014-10-13 |
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Reason: |
Final payment |
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Claimant: |
Shiwen Wang |
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Defendant: |
Goushin Machinery Tools Co., Ltd. |
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3 |
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Trial Number: |
2014,zhongbu,1628 |
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Date of Trial: |
2014-8-5 |
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Reason: |
Final payment |
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Claimant: |
Shiwen Wang |
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Defendant: |
Goushin Machinery Tools Co., Ltd. |
Interview Details
|
Name |
Ms. Zhuang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
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UK Pound |
1 |
Rs.97.05 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
-- |
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.