|
Report Date : |
04.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
WELL WEB MACHINERY CO., LTD. |
|
|
|
|
Registered Office : |
No.23, Lane 207, Huakang St., Bade City, Taoyuan, Taiwan 334 |
|
|
|
|
Country : |
Taiwan |
|
|
|
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Date of Incorporation : |
22.06.1996 |
|
|
|
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Com. Reg. No.: |
97044476 |
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|
|
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Legal Form : |
Joint Stock Company |
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|
|
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Line of Business : |
Manufacturing and sales of knitting machine |
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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 : |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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 |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.23, Lane 207,
Huakang St., Bade City, Taoyuan, Taiwan 334, R.O.C |
|
Supplied Address: |
|
|
Telephone Number: |
+886-3-3778502/3770885/3771282/3770721 |
|
Fax Number: |
Notes: The exact name and address are as above.
Notes: Subject declined to
disclose its staff number; from other source we cannot obtain the relevant
information, either.
Subject was incorporated
on 1996-6-22 with registered number 97044476
as Joint Stock Company in
Taiwan.
|
Name |
Subscription Shares |
|
Weizhen Liu |
1,050,000 |
|
Laicheng Wang |
1,000,000 |
|
Qiujia Liu |
250,000 |
|
Fuzhi Lin |
250,000 |
The information above is that of subject’s major shareholders.
Factory
|
Address: |
No.23, Lane 207, Huakang St., Bade City,
Taoyuan, Taiwan 334, R.O.C |
|
Date of Registration: |
2003-1-22 |
|
Factory Registration Number: |
99629204 |
|
Factory Manager: |
Weizhen Liu |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2003-1-22 |
|
Major Products: |
292 Other developping specialties 293 General machinery |
Branch
|
Name |
Quanzhou Branch |
|
Address |
Aotu Building, Wanan Delevolping Area, Luojiang District, Quanzhou
City, The Mainland Of China |
|
Tel |
+ 86-595-22632339 |
|
Fax |
+ 86-595-22632896 |
Core Management
Directors
|
1 |
|
|
Name |
Weizhen Liu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Laicheng Wang |
|
Position |
Director |
|
3 |
|
|
Name |
Qiujia Liu |
|
Position |
Director |
|
4 |
|
|
Name |
Fuzhi Lin |
|
Position |
Supervisor |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.23, Lane 207, Huakang St., Bade City, Taoyuan, Taiwan 334, R.O.C |
Production
Information
·
Subject is a manufacturer of knitting machine
·
It is introduced that
subject has a factory in Taiwan for production.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Manufacturing, processing, repairing and sales of machinery and
components. |
|
2 |
Manufacturing, processing, repairing and sales of precision geared
head lathe. |
|
3 |
Importing and exporting of above products. |
|
4 |
Agent of marking price, bidding and sales of above related products
from the domestic and overseas manufacturers. |
|
F104010 |
Wholesales of cloth. |
|
F104020 |
Wholesales of garments. |
|
F204010 |
Retails of cloth. |
|
F204020 |
Retails of garments. |
|
F401010 |
International trading business. |
The components and raw material for production are purchased both at home
and abroad.
·
The subject is mainly engaged in sales of knitting machine
·
It is introduced that
subject’s selling territory includes Asia, Europe, America
·
It is introduced that subject’s
major customers are manufacturers of textiles, garment
·
It is introduced that
subject also provides the ODM, OEM services.
Major Products
|
|
Product |
|
1 |
Single machine |
|
2 |
Double machine |
|
3 |
Computerized/ jacquard machine |
|
4 |
Electronic jacquard machine seamless underwear knitting machine |
|
5 |
Hosiery machine |
|
6 |
Flat knitting machine |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic
Purchase
|
Payment Terms |
Proportion |
|
|
Components and
raw materials, |
T/T |
100% |
Foreign
Purchase
|
Payment Terms |
Proportion |
|
|
Components and
raw materials, |
L/C, T/T |
100% |
Sales
Domestic
Markets
|
Sales Terms |
Proportion |
|
|
Knitting machine |
T/T |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Knitting machine |
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 salesman 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
|
1 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
065379 |
|
Debtor Name: |
Well Web Machinery Co., Ltd. |
|
Document Number: |
567161 |
|
Date of Registration: |
2000/3/27 |
|
Status: |
Paid Off |
|
2 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
065380 |
|
Debtor Name: |
Well Web Machinery Co., Ltd. |
|
Document Number: |
567160 |
|
Date of Registration: |
2000/3/27 |
|
Status: |
Paid Off |
|
3 |
|
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
068387 |
|
Debtor Name: |
Well Web Machinery Co., Ltd. |
|
Document Number: |
578601 |
|
Date of Registration: |
2000/11/17 |
|
Status: |
Paid Off |
Lawsuit
Up to date of reporting, no existing or latent
litigation of the subject has been found.
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.21 |
|
|
1 |
Rs.99.17 |
|
Euro |
1 |
Rs.80.56 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.