|
Report Date : |
12.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
PRODUCER CO., LTD. |
|
|
|
|
Registered Office : |
No.15, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
15.07.1981 |
|
|
|
|
Com. Reg. No.: |
69681044 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sale of machines |
|
|
|
|
No. of Employees : |
25 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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. In 2009, Taiwan's
GDP contracted 1.8%, due primarily to a 13.1% year-on-year decline in exports.
In 2010 GDP grew 10.7%, as exports returned to the level of previous years, and
in 2011, grew 4.0%. In 2012, however, growth fell to 1.3%, because of softening
global demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging
population are major long-term challenges. Free trade agreements have
proliferated in East Asia over the past several years, but except for the
landmark Economic Cooperation Framework Agreement (ECFA) signed with China in
June 2010, so far Taiwan has been excluded from this greater economic
integration in part because of its diplomatic status. Negotiations continue on
such follow-on components of ECFA regarding trade in goods and services. The MA
administration has said that the ECFA will serve as a stepping stone toward
trade pacts with other key trade partners, which Taiwan subsequently launched
with Singapore and New Zealand. 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 trade surplus largely because of its surplus with China, and its
foreign reserves are the world's fifth largest, behind China, Japan, Saudi
Arabia, and Russia. 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. Three financial memorandums of
understanding, covering banking, securities, and insurance, took effect in
mid-January 2010, opening the island to greater investments from the mainland's
financial firms and institutional investors, and providing new opportunities
for Taiwan financial firms to operate in China. 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 |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.15, Kai Fa 3rd
Rd., Rende Dist., Tainan City 717, Taiwan (R.O.C.) |
|
Supplied Address: |
No.15 Kai Fa 3rd
Road Pao An Village Jen Te Hsisang, Tainan Hsien |
|
Telephone Number: |
+886-6-266-1486 |
|
Fax Number: |
Notes: The exact name and address are as
above.
|
Registered Name: |
Producer Co., Ltd. |
|
Registered Address: |
No.15, Kai Fa 3rd Rd., Rende
Dist., Tainan City 717, Taiwan (R.O.C.) |
|
Date of Foundation: |
1981-7-15 |
|
Registration Number: |
69681044 |
|
Registry: |
Tainan City Government |
|
Registered Capital: |
(As of 2014.02, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 22,500,000 (USD 765,000) |
|
Legal Representatives: |
Jianliang Chen |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated
on 1981-7-15 with registered number 69681044
as Joint Stock Company in
Taiwan.
|
Name |
Subscription Shares |
|
Jianliang Chen |
5,625 |
|
Xiumin Yangxu |
|
|
1,575 |
|
|
Zhaohui Zhong |
505 |
|
Qingyan Wang |
5,625 |
|
Yizong Xu |
5,625 |
|
Wanqi Chen |
1,575 |
The information above is that of subject’s major shareholders.
Factory
|
Address: |
No.15, Kai Fa 3rd Rd., Rende
Dist., Tainan City 717, Taiwan (R.O.C.) |
|
Date of Foundation: |
1982-1-4 |
|
Date of Registration: |
1982-1-4 |
|
Factory Registration Number: |
99658061 |
|
Factory Manager: |
Jianliang Chen |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2002-3-8 |
|
Major Products: |
293 general machinery 291 metal processing machinery equipment 303 automobile parts 312 motor and its parts 313 bicycle and its parts |
Core Management
Directors
|
1 |
|
|
Name |
Jianliang Chen |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Xiumin Yangxu |
|
Position |
Director |
|
3 |
|
|
Name |
Zhaohui Zhong |
|
Position |
Director |
|
4 |
|
|
Name |
Qingyan Wang |
|
Position |
Director |
|
5 |
|
|
Name |
Yizong Xu |
|
Position |
Director |
|
6 |
|
|
Name |
Wanqi Chen |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 25 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.15, Kai Fa 3rd Rd., Rende Dist., Tainan City 717, Taiwan
(R.O.C.) |
Production
Information
Subject is engaged in manufacturing of machines
Subject has a factory in Tainan City, Taiwan for production.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacturing of machinery |
|
CB01990 |
Manufacturing of other mechanical equipment (mechanical components) |
The components and raw materials for production are purchased from both
home and abroad such as Taiwan domestic market, Japan and Germany
Subject is engaged in sale of machines
The major products sold by subject are hot chamber die casting machine
and its related components.
Subject has their own brand “PEODUCER”.
Subject’s sales regions include Taiwan, Mainland China, Southeast Asia,
Europe and America
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Components and
raw materials |
Cash, T/T |
100% |
Foreign
Purchase
|
Terms |
Proportion |
|
|
Components and
raw materials |
L/C, T/T |
100% |
Sales
Domestic
Markets
|
Terms |
Proportion |
|
|
Machines |
Cash, T/T |
100% |
Export
|
Terms |
Proportion |
|
|
Machines |
L/C, T/T |
100% |
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 Mr. Chen declined to disclose
its financials citing the grounds of company’s confidentiality; from other
source we can not obtain the relevant information, either.
Subject declined to disclose its bank details;
from other source we cannot 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.
|
Name |
Mr. Chen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.44 |
|
|
1 |
Rs.102.48 |
|
Euro |
1 |
Rs.85.28 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.