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Report Date : |
12.06.2014 |
`
IDENTIFICATION DETAILS
|
Name : |
CAMPRO PRECISION
MACHINERY CO., LTD. |
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|
|
|
Registered Office : |
No. 12, Jingke 1st Rd., Nantun
District, Taichung City 408 |
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|
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|
Country : |
Taiwan |
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|
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Date of Incorporation : |
18.06.2003 |
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|
|
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Com. Reg. No.: |
80420546 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
engaged in Manufacturing and sales of machinery bearing the brand name “CAMPRO” Subject product ranges includes : · Vertical Machining Center · Horizontal Machining Center ·
CNC Lathe ·
CNC Turning Center ·
CNC Double Column Machining Center ·
CNC Traveling Column Machining Center |
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|
|
|
No of Employees : |
About 85 Employees |
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 |
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|
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Payment Behaviour : |
No Complaints |
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|
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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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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. 12, Jingke 1st
Rd., Nantun District, Taichung City 408, Taiwan |
|
Supplied Address: |
No. 12, Jingke
1st Rd, Nantun, Taichung 40852, Taiwan R.O.C. |
|
Telephone Number: |
+886-4-2350-0501 |
|
Fax Number: |
|
|
E-mail: |
sales@campro.com.tw |
Notes: The exact
name and address are as above.
|
Credit Opinion: |
Subject was
incorporated on 2003-6-18 with registered number 80420546 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Qingzhe Cai |
105,512 |
|
Sing Lung Trading Co., Ltd. |
|
|
5,310,104 |
|
|
Qionghua Cheng |
164,981 |
|
Longhui Lin |
745,634 |
|
Qiuju Wang |
2,939,462 |
The information above is that of subject’s major shareholders.
Shareholder
Information:
|
Registered Name: |
Sing Lung Trading Co., Ltd. |
|
Registered Address: |
No.67, Sec.3, Cheng Teh Rd.,
Taipei |
|
Date of Foundation: |
1960-9-20 |
|
Registration Number: |
07299005 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 60,000,000 (USD 2,040,000) (As of 2014.06, 1 NTD = 0.0340
USD) |
|
Paid-up Capital: |
NTD 60,000,000 (USD 2,040,000) |
|
Legal Representatives: |
Xifu Zhan |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-6-28 |
Factory
|
Address: |
No. 12, Jingke 1st
Rd., Nantun District, Taichung City 408, Taiwan |
|
Date of Registration: |
2009-4-3 |
|
Factory Registration Number: |
99720566 |
|
Factory Manager: |
Qingzhe Cai |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2009-4-3 |
|
Major Products: |
291
metal processing machinery 293 general machinery |
Related Company
|
Name |
Campro Precision Machinery (Shanghai) Co.,
Ltd. |
|
Address |
No.1689, Siyi Road, Malu Town, Jiading District, Shanghai City, China |
|
Telephone Number |
+86-21-6915-6662 |
|
Fax Number |
+86-21-6915-6338 |
|
Date of Foundation: |
2003-8-14 |
|
Registration Number: |
310000400352329 |
|
Registry: |
Shanghai Industry and Commerce Bureau, Jiading Suboffice |
|
Registered Capital: |
USD 2,100,000 |
|
Legal Representatives: |
Qingzhe Cai |
|
Legal Form: |
Private Liabilities Company |
Core Management
|
1 |
|
|
Name |
Qingzhe Cai |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Sing Lung Trading Co., Ltd. |
|
Position |
Director |
|
3 |
|
|
Name |
Qionghua Cheng |
|
Position |
Director |
|
4 |
|
|
Name |
Longhui Lin |
|
Position |
Supervisor |
|
5 |
|
|
Name |
Qiuju Wang |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 85 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No. 12, Jingke 1st Rd., Nantun
District, Taichung City 408, Taiwan |
Production
Information
l
Subject is engaged in manufacturing of
machinery
l
Subject has a factory in Taichung City, Taiwan for production.
l
Subject obtained the certifications of
ISO 9001:2000 and CE, etc.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacturing of machinery |
|
CA03010 |
Heat treatment industry |
|
CA04010 |
Surface treatment industry |
|
CB01990 |
Manufacturing of other machines (automatic
control processor) |
|
F113010 |
Wholesale of machinery |
|
F401010 |
International trade business |
l
The components for production are
purchased from both home and abroad such as Taiwan and Japan, etc.
l Subject
is engaged in sale of machinery
l
Subject sells products with the brand
“CAMPRO”.
l
Subject’s sales regions include Asia,
Europe and America, etc.
l
The general delivery lead time of
subject is about 4~8 weeks.
l
One of subject’s major customers is CBS
Machinery & Tools Inc (USA).
Major products
|
1 |
Vertical Machining Center |
|
2 |
Horizontal Machining Center |
|
3 |
CNC Lathe |
|
4 |
CNC Turning Center |
|
5 |
CNC Double Column Machining Center |
|
6 |
CNC Traveling Column Machining Center |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Components, etc |
T/T,
Cash, etc |
100% |
Foreign Purchase
|
Terms |
Proportion |
|
|
Components, etc |
L/C,
T/T, etc |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Machinery,
etc |
T/T,
Cash, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Machinery,
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 Mr. Liu 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 any information about bankers, and we can not obtain the
information from other source.
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. Liu |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.33 |
|
UK Pound |
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.80.32 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.