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Report Date : |
30.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
SMOOTHBONWELL
INDUSTRIAL CO., LTD. |
|
|
|
|
Registered Office : |
12F, No.230, Cheng
De Road, Sec. 3, Taipei, Taiwan. Post Code 10367 |
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|
|
|
Country : |
Taiwan |
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|
|
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Date of Incorporation : |
24.07.1986 |
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Com. Reg. No.: |
22174150 |
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|
|
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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 machinery |
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|
|
|
No. of Employees : |
Not Available |
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 : |
No complaints |
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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 |
|
Company Name: |
SMOOTHBONWELL
INDUSTRIAL CO., LTD. |
|
Supplied Name: |
Smoothbonwell Ind
Co Ltd |
|
Trading Address: |
12F, No.230, Cheng
De Road, Sec. 3, Taipei, Taiwan. Post Code 10367 |
|
Supplied Address: |
12F, No 230, Cheng
De Rd, Sec 3, Taipei |
|
Telephone Number: |
+886-2-2585-3230 |
|
Fax Number: |
+886-2-2585-5330 |
|
E-mail: |
Notes: The exact
name and address are as above.
|
Registered Name: |
Smoothbonwell
Industrial Co., Ltd. |
|
Registered
Address: |
12F, No.230, Cheng
De Road, Sec. 3, Taipei, Taiwan. Post Code 10367 |
|
Date of
Foundation: |
1986-7-24 |
|
Registration
Number: |
22174150 |
|
Registry: |
Taipei City
Government |
|
Registered
Capital: |
(As of 2014.1, 1
NTD = 0.0339 USD) |
|
Legal
Representatives: |
Suzhen Liu |
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Note: Subject’s relevant staff declined to disclose its staff number; from other source we cannot obtain the relevant information, either.
Subject was incorporated on 1986-7-24 with registered number 22174150 as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
|
Suzhen Liu |
10,000,000 |
|
The information above is that of subject’s major shareholders.
Related Companies
|
1 |
|
|
Name: |
Nissa Co Ltd |
|
Region |
Russia |
|
Tel |
+ 7 495 956 7739 |
|
Fax |
+ 7 495 956 9589 |
|
2 |
|
|
Name: |
Graffica Pty Ltd |
|
Region |
Australia |
|
Tel |
+ 61 3 5981 0200 |
|
Fax |
+ 61 3 5981 0277 |
|
3 |
|
|
Name: |
Grupo Furnax |
|
Region |
Brazil |
|
Tel |
+ 55 11 3277565 |
|
Fax |
+ 55 11 32704155 |
|
4 |
|
|
Name: |
Hps Promachtech
Co., Ltd. |
|
Region |
Thailand |
|
Tel |
+ 66 2712 8587 |
|
Fax |
+ 66 2712 8334 |
Core Management
Directors
|
Name |
Suzhen Liu |
|
Position |
Director |
Offices & Factories
|
|
Headquarters |
|
Add |
12F, No.230, Cheng De Road, Sec. 3, Taipei, Taiwan. Post Code 10367 |
Production Information
Subject is engaged in manufacturing of machinery.
Subject has factory in Taiwan for production.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Hardware, machinery, cardboard, paper, plastic parts, electronic parts, radio, electric rice cooker, electric fan, motor, textiles, building materials, ivy chair, wooden handicrafts, Christmas gifts, frozen eel, frozen meat, seafood, vegetables, fruit, men's, women's, children's clothes, leather shoes of processing trade and import and export trade and agent business (Except for the futures) |
|
-- |
Product quotation, bidding agent at home and abroad about the manufacturer |
|
-- |
Before the business management and investment |
The components and raw material for production are purchased
from both home and abroad.
The subject is mainly engaged in sales of machinery.
The major products
sold by subject include Rotary Sheet Cutter, Slitter Rewinder, Paper Cutter and
Loading system, Folder Gluer, Foil Stamper, Platen Die-Cutter, Window Patching
Machine, Cardboard Laminator, PP Film Laminator, UV Sport Varnisher, Corrugated
board, Corrugated carton making machines, Label Printer, Flexible Plate Making,
Envelope Making machines, etc.
The subject sales regions
include Asia, America, Europe, etc.
Subject sales the product with the brand of “SBL”.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Products |
Components and raw material |
|
Terms |
Cash, T/T, etc |
Import
|
Products |
Components and raw material |
|
Terms |
Sales
Domestic Markets
|
Product |
Machinery. |
|
Terms |
T/T, Cash, etc |
Export
|
Products |
Machinery. |
|
Terms |
L/C, 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 source we can not 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. Lin |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.20 |
|
|
1 |
Rs.103.12 |
|
Euro |
1 |
Rs.84.96 |
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.