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Report Date : |
04.12.2014 |
IDENTIFICATION DETAILS
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Name : |
TONSON AIR MOTORS
MFG. CORP. |
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Formerly Known As : |
TONG YOW SHUENN
CO., LTD. |
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Registered Office : |
1Fl., No.22, Shu I
1 Lane, Shu I Li, |
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Country : |
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Date of Incorporation : |
18.10.1984 |
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Com. Reg. No.: |
52942777 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and
sales of industrial equipment |
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No of Employees : |
About 40 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 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 |
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High |
B2 |
|
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: |
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Supplied Address: |
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Telephone Number: |
+886-4-2261-1047 |
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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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Registered Name: |
TONSON AIR MOTORS MFG. CORP. |
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Registered
Address: |
1Fl., No.22, Shu I
1 Lane, Shu I Li, Taichung 402, Taiwan, R.O.C. |
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Date of
Foundation: |
1984-10-18 |
|
Registration
Number: |
52942777 |
|
Registry: |
Taichung City
Government |
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Registered
Capital: |
(As of 2014.12, 1
NTD = 0.0340 USD) |
|
Legal
Representatives: |
Zhenfeng Lu |
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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 1984-10-18 with registered number 52942777 as Private Limited Liability Company in Taiwan.
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Former English Name: |
Tong Yow Shuenn
Co., Ltd. |
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Current English Name: |
Tonson Air Motors
Mfg. Corp. |
Factory
|
Address: |
No.22, Shu I 1 Lane, Shu I Li, Taichung 402, Taiwan, R.O.C. |
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Date of Foundation: |
1983-8-9 |
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Date of Registration: |
1985-3-28 |
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Factory Registration Number: |
99669664 |
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Factory Manager: |
Zhenfeng Lu |
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Status: |
In Production |
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Date of Last
Annual Return: |
2005-4-15 |
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Major Products: |
293 general machinery |
Distributor
|
Name: |
NeuMek (Shanghai)
Corporation |
|
Address: |
289 Longlian Rd., Qingpu District, Shanghai 201702, China |
|
Tel: |
+86-21-2281-8889 |
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Fax: |
+86-21-3987-9136 |
Major Shareholder
|
Name |
Subscription Amount |
|
Zhenfeng Lu |
|
|
5,690,000 |
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Core Management
|
Name |
Zhenfeng Lu |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 40 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
Production
Information
· Subject is engaged in manufacturing of industrial equipment.
· Subject has a factory in Taichung City, Taiwan for production.
· Subject obtained the certification of ISO 9001:2008.
Purchase
Information
· The registered activities of subject:
|
1 |
Manufacturing and sale of spray painting machine, air motor and pneumatic motor, air compressor barrel, clean air dryer, air-driven sprayers |
|
2 |
Sale of hardware |
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3 |
Import and export of above items |
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4 |
As an agent assists in developing quoting, bidding and distributing about your above mentioned products |
· The raw materials and components for production are mostly purchased in domestic market.
· Subject is engaged in sale of industrial equipment.
· Subject’s major products include air motor, explosion-proof air fan, pressure tank, air mixer, drum carrier, pumps, painting equipment.
· The products are applied to the industries of chemical, food, paper, plastic and pharmaceutical, etc.
· Subject has its own brand “TONSON”.
· Subject’s sales regions include Asia, Europe and America, etc.
· Subject’s major customers are Schaefer Ventilation Equipment and Tonson Inc., etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
1. Domestic Purchase
|
Products |
Raw materials and components |
|
Payment Terms |
Cash, T/T, etc |
2. Import
Subject has little
import.
Sales
1. Domestic Markets
|
Product |
Industrial
equipment |
|
Selling Terms |
Cash, T/T, etc |
2. Export
|
Product |
Industrial
equipment |
|
Selling Terms |
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
|
Trial Number: |
2003,zhongxiao,1170 |
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Date of Trial: |
2003-9-16 |
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Reason: |
Payment for goods |
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Claimant: |
Not Stated |
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Defendant: |
Tonson Air Motors
Mfg. Corp. |
Interview Details
|
Department |
Sales Department |
Note: Subject’s
relevant staff declined to disclose her name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
|
|
1 |
Rs.96.83 |
|
Euro |
1 |
Rs.76.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SMN |
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.