|
Report Date : |
10.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SELF-MAN
INDUSTRIAL CO., LTD. |
|
|
|
|
Registered Office : |
5F, No.25, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
15.07.1988 |
|
|
|
|
Com. Reg. No.: |
22971351 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sale
of electronic components |
|
|
|
|
No. of Employees : |
500 |
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, 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: |
|
|
Supplied Address: |
5F No. 25 Chung-Hsien Rd, Chi-Tu Dist., 206 Keelung Keelung Shih |
|
Telephone Number: |
+886-2-2456-9788 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact
name and address are as above.
|
Registered Name: |
Self-Man
Industrial Co., Ltd. |
|
Registered
Address: |
5F, No.25, Jiun
Shien Rd., Keelung City, Taiwan, R.O.C. |
|
Date of
Foundation: |
1988-7-15 |
|
Registration Number: |
22971351 |
|
Registry: |
MOEA Central
Office |
|
Registered
Capital: |
NTD 28,000,000 (USD 952,000) (As of 2014.01, 1
NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 28,000,000
(USD 952,000) |
|
Legal
Representatives: |
Lishun Guan |
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 1988-7-15 with registered number 22971351 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Lishun Guan |
6,924 |
|
Jiye Guo |
|
|
5,005 |
|
|
Jianchen Wu |
1,192 |
|
Jinzhi Wu |
2,285 |
The information above is that of subject’s major shareholders.
Subsidiaries
|
1 |
|
|
Name: |
Shanghai Self-Man
Electronics Industry Co., Ltd. |
|
Address: |
No.9655-5, Tingwei Road, Tinglin Town, Jinshan District, Shanghai City, China |
|
Date of
Registration: |
2000-3-10 |
|
Registration
Number: |
310000400233197 |
|
Registry: |
Shanghai Industry and Commerce Bureau |
|
Registered
Capital: |
USD 400,000 |
|
Paid-up Capital: |
USD 400,000 |
|
Legal
Representatives: |
Lishun Guan |
|
2 |
|
|
Name: |
Suzhou Self-Man
Electronics Industry Co., Ltd. |
|
Address: |
No. 266, Lianyi Road, Luzhi Country, Wuzhong District, Suzhou City, Jiangsu Province, China |
|
Tel: |
+86-512-6502-0521 |
|
Fax: |
+86-512-6502-0520 |
Core Management
Directors
|
1 |
|
|
Name |
Lishun Guan |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Jiye Guo |
|
Position |
Director |
|
3 |
|
|
Name |
Jianchen Wu |
|
Position |
Director |
|
4 |
|
|
Name |
Jinzhi Wu |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 500 Employees (including the staff in Mainland China) |
Offices & Factories
|
|
Headquarters |
|
Add |
Production Information
Subject is engaged in manufacturing of electronic components, etc.
It is introduced that subject has factories in Keelung City, Taiwan and Shanghai City, Suzhou City, Mainland China for production.
Purchase Information
The registered activities of subject:
|
1 |
Manufacturing, processing and sale of all kinds of power line, plug |
|
2 |
Manufacturing, processing and trading of all kinds of electronic components, wire rod, leadwire |
|
3 |
Agent, price quoting, bidding service, import, export of all kinds of above mentioned items |
The components and raw materials for production are mostly purchased in domestic market.
Subject is engaged in sale of electronic components, etc.
The major products sold by subject include AC power cord, DC cable, power connector, terminals and wire harness, etc.
Subject’s sales regions include Taiwan, Mainland China, Japan, South Korea, USA, Australia and Europe, etc.
Subject has a proportion of 50% for export.
Subject’s major customers are “Haier”, “Panasonic”, “Aurora”, “Akizuki Denshi” and “Logitech”, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Components and raw materials |
Cash, T/T, etc |
100% |
Foreign Purchase
Subject has little import.
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Electronic components, etc |
Cash, T/T, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Electronic components, etc |
L/C, T/T, etc |
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 Ms. Guo declined to disclose its financials citing the
grounds of company’s confidentiality; from other source we can not obtain the
relevant information, either.
|
Name |
Hwa Nan Commercial
Bank |
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 |
Ms. Guo |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.102.31 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.