.
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Report Date : |
29.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
NEW GIFU ENTERPRISE CO., LTD. |
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|
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Registered Office : |
No. 1-1, Lane 521, Sec. 3, Chung Shan Rd.,
Tanzi Dist., Taichung City 427, |
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Country : |
Taiwan |
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Date of Incorporation : |
09.10.1979 |
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Com. Reg. No.: |
52543878 |
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Legal Form : |
Private Limited Liability Company |
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|
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Line of Business : |
Manufacturing and sales of automatic tool
changer, related products |
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|
|
|
No. of Employees : |
200 |
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 |
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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 – 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 |
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Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No. 527, Chung
Shan Rd., Sec.3, Tantzu Dist., Taichung City 427, Taiwan |
|
Supplied Address: |
No 527 Sec. 3
Chung Shan Rd Tantzu Dist City Taichung Taiwan |
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Telephone Number: |
|
|
Fax Number: |
Notes: The exact name and address are as above.
Subject was incorporated
on 1979-10-9 with registered number 52543878
as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Xingrong Liu |
5,000,000 |
The information above is that of subject’s major shareholders.
Office:
|
Name |
Shanghai China Sales Department |
|
Address |
Rm. 1013, No. 3065 Huongxin Rd., Minhang Distr. Shanghai, China |
|
Tel: |
86-21-34529067/34529068 |
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Fax: |
+86-21-34529088 |
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E-mail : |
Factory
|
Address: |
No. 1-1, Lane 521, Sec. 3, Chung Shan Rd.,
Tanzi Dist., Taichung City 427, Taiwan (R.O.C.) |
|
Date of Foundation: |
1983-1-10 |
|
Date of Registration: |
1983-3-10 |
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Factory Registration Number: |
99637052 |
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Factory Manager: |
Xingrong Liu |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2001-7-20 |
|
Major Products: |
259 Other metal products 293 General machinery and equipment 292 Other special machinery and equipment 251 Metal hand tool and mold. |
Core Management
Directors
|
Name |
Xingrong Liu |
|
Position |
Director |
Personnel Structure
|
Total Employees |
About 200 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No. 527, Chung Shan Rd., Sec.3, Tantzu Dist., Taichung City 427, Taiwan |
Production Information
Subject is a manufacturer of automatic
tool changer, related products and etc.
It is introduced that subject has a factory in
Taiwan for production.
It is introduced that subject has obtained ISO
9001:2008, ISO 9001:2000 certification.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Trade of automobile material |
|
2 |
Manufacture and trade of hardware and the related products. |
|
3 |
Upkeep of boiler and the material |
|
4 |
Trade of the products above. |
|
5 |
Investment of the products above. |
It is introduced that subject purchases raw materials and etc mainly from
local market.
The subject’s leading technologies are as following:
|
|
Details |
|
TAPER 40 DISK TYPE ATC ( D10 SERIES ) |
1 It
will have 7 countries' patents. 2. It
has 4 patents components. 3. Approved
CE certificate by TUV. 4. The
Max. tool weight is 8 kgs.. The magazine can be CW/CCS rotation and the
pot will not be jumping as it passes the tool-falling groove. 5. Fix
tool pot to disc without using any screw. Tool pot structure is two-part design, which
can be changeable among BT/ISO/CAT. 6. Tool
changing time is only 1.13sec (60HZ), including spindle tool clamping /
unclamping time. 7. This
series ATC has competitive price. |
|
TAPER 50 HORIZONTAL TYPE |
1 It is designed for
fast tool changing of IDD spindle and also for build-in motor spindle. 2. The whole structure
designed with shelter door. 3. The separated assembly
design makes the optional arm length to be accepted here. 4. Complex cam device
connects with fixed volume IDD spindle to operate the arm and spindle and shuttle
door simultaneously. 5. It is only 2.1 sec for
20kgs tool changing, including spindle clamping / unclamping and shutter door
opening / closing. |
The subject is mainly engaged in sales of automatic tool changer, related products and
etc.
It is introduced that subject’s products are
divided into two type including vertical type and horizontal type.
It is introduced that subject’s selling
territory is including Thailand, Indonesia, Philippine, Mainland China,
Singapore, Europe, America, South Africa and etc.
It is introduced that subject’s manufacturers
of hardware, machinery, components.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic
Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
Raw materials
and etc |
COD, CBD and etc |
100% |
Foreign
Purchase
The subject has
little imports.
Sales
Domestic
Markets
|
Sales Terms |
Proportion |
|
|
Automatic tool changer, related products and etc. |
COD, CBD and etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Automatic tool changer, related products and etc. |
CBD and etc |
100% |
Notes: Subject’s settlement for
export is generally in USD
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. Wu 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 |
Ms. Wu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.99 |
|
|
1 |
Rs.104.61 |
|
Euro |
1 |
Rs.86.17 |
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.