MIRA INFORM REPORT

 

 

Report Date :

16.12.2014

 

IDENTIFICATION DETAILS

 

Name :

GIULIANI IEMCA MACHINERY CO., LTD.

 

 

Registered Office :

No.297,Dongxing Rd., Dali Dist., Taichung City 412

 

 

Country :

Taiwan

 

 

Date of Incorporation :

12.06.1996

 

 

Com. Reg. No.:

96979737

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacturing and Sale of Automatic Bar Feeders.

 

 

No of Employees :

About 75

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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:

GIULIANI IEMCA MACHINERY CO., LTD.

Supplied Name:

GIUKLIANI IEMCA MACHINERY CO LTD

Trading Address:

No.297,Dongxing Rd., Dali Dist., Taichung City 412, Taiwan

Supplied Address:

No 297 Dongsing Road Dali City Taichung Country 412

Telephone Number:

+886-4-2406-6970

Fax Number:

+886-4-2406-4002

 

Notes: The exact name and address are as above.

 

 

Company Identification Details

 

Registered Name:

Giuliani Iemca Machinery Co., Ltd.

Registered Address:

No.50-4, Shuwang Rd., Dali Dist., Taichung City 41258, Taiwan (R.O.C.)

Date of Foundation:

1996-6-12

Registration Number:

96979737

Registry:

Taichung City Government

Registered Capital:

NTD 116,023,320 (USD 3,817,167.23)

(As of 2014.12, 1 NTD = 0.0329 USD)

Paid-up Capital:

NTD 116,023,320 (USD 3,817,167.23)

Legal Representatives:

Mary Leo Botti

Legal Form:

Joint Stock Company

Principal Activities:

Manufacturing and sale of automatic bar feeders, etc.

Staff:

About 75 Employees

Listed at Stock Exchange:

No

Date of Last Annual Return:

2014-7-24

 

 

History

 

Subject was incorporated on 1996-6-12 with registered number 96979737 as Joint Stock Company in Taiwan.

 

Change of Name

Former Chinese Name:

中義機械股份有限公司

Current Chinese Name:

中義科技機械股份有限公司

 

 

 

Corporate Structure

 

Factories

1

Address:

No.297, Dongxing Rd., Dali Dist., Taichung City 412, Taiwan

Date of Registration:

2013-11-4

Factory Registration Number:

T6600405

Factory Manager:

Mary Leo Botti

Status:

In Production

Date of Last Annual Return:

2013-11-4

Major Products:

292 other special machinery equipment

2

Address:

No.50-4, Shuwang Rd., Dali Dist., Taichung City 41258, Taiwan (R.O.C.)

Date of Registration:

2011-7-19

Factory Registration Number:

66000388

Factory Manager:

Mary Leo Botti

Status:

In Production

Date of Last Annual Return:

2011-7-19

Major Products:

292 other special machinery equipment

 

Related Company

Name:

Iemca USA

Address:

9332 Forsyth Park Dr. Charlotte, NC 28273

Tel:

+1-704-583-8341

Fax:

+1-704-583-8486

 

 

Offices

1

Name:

Taipei Office

Address:

1F, No. 26, Qizhi Street, Shulin Dist., New Taipei City, Taiwan

Tel:

+886-2-2687-4031

Fax:

+886-2-2685-5303

2

Name:

Tainan Office

Address:

No. 46, Sec. 4, Junan Rd., An’nan Dist., Tainan City, Taiwan

Tel:

+886-6-281-5053

Fax:

+886-6-281-4217

 

 

Shareholders

 

Major Shareholders

 

Name

Subscription Shares     

Iemca Giuliani Macchine Italia S.P.A.

11,480,202

 

 

Management Information

 

Core Management

 

Directors

1

Name

Mary Leo Botti

Position

Chairman of the Board

2

Name

Tomasu Tatuoli

Position

Director

3

Name

Buxi Ma Ximo

Position

Director

4

Name

Yali Bate Folio

Position

Supervisor

 

Personnel Structure

 

Total Employees

About 75 Employees

 

 

Operation Information

 

Offices & Factories

 

 

Headquarters

Add

No.297,Dongxing Rd., Dali Dist., Taichung City 412, Taiwan

 

 

Production Information

 

Subject is engaged manufacturing of automatic bar feeders, etc.

 

Purchase Information

 

The registered activities of subject:

Business Code

Details

--

Manufacturing and sale of feed machinery, lock machinery, key machinery, lathe, driller, grinder, miller, electric discharge machine, woodworking machinery, textile machinery, agricultural machinery, food machinery, mining engineering machinery, industrial automation machinery, key and related parts

--

Import and export business of the above products.

--

General import and export business

--

Agent, pricing and biding of the above products from domestic market and abroad.

ZZ99999

Besides licensed business, all other business items those are not banned or restricted.

 

The components and raw materials for production are both purchased at home and abroad.

 

Sales Information

 

Subject is engaged in sale of automatic bar feeders

The major products of the subject are automatic bar feeders, short bar feeders, etc.

Subject’s sales regions of the subject are domestic market, Japan, Korea, America, Europe, etc.

It is introduced that subject’s group has many offices in Japan, USA, France, Germany, Brazil for sale services.

 

Import and export right:

Import right

Yes

Export right

Yes

 

 

Settlements

 

Purchase

 

Domestic Purchase

Products

Components and raw materials

Payment Terms

T/T, Cash

 

Import

Products

Components and raw materials

Payment Terms

L/C, T/T

 

Sales

 

Domestic Markets

Product

Automatic bar feeders

Selling Terms

T/T, Cash

 

Export

Product

Automatic bar feeders

Selling Terms

L/C, T/T

 

 

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 declined to disclose its financials citing the grounds of company’s confidentiality; from other sources we could not obtain such information, either.

 

 

Bankers

 

Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.

 

 

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.

 

 

Special Note

 

Interview Details

Name

Ms. Wong

Department

Sales Department

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.62.65

UK Pound

1

Rs.98.53

Euro

1

Rs.78.02

 

 

INFORMATION DETAILS

 

Analysis Done by :

SUB

 

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.