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Report Date : |
14.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUNBEEN TECHNOLOGY
INC. |
|
|
|
|
Formerly Known As : |
SUNBEEN PRECISION MACHINE INC. |
|
|
|
|
Registered Office : |
No.219, Jen Hua
Rd., Dali Dist., Taichung City 412, |
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|
|
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Country : |
Taiwan |
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|
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Date of Incorporation : |
15.10.1983 |
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|
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Com. Reg. No.: |
52691547 |
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|
|
|
Legal Form : |
Joint
Stock Company |
|
|
|
|
Line of Business : |
Manufacturing
and sales of machine and electronic product |
|
|
|
|
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 |
|
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. 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 |
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Company Name: |
|
|
Former Name: |
SUNBEEN PRECISION MACHINE INC. |
|
Supplied Name: |
|
|
Trading Address: |
No.219, Jen Hua Rd., Dali Dist., Taichung City 412, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-4-2491-6070 |
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Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as above.
|
Registered Name: |
Sunbeen Technology
Inc. |
|
Registered
Address: |
No.219, Jen Hua
Rd., Dali Dist., Taichung City 412, Taiwan (R.O.C.) |
|
Date of
Foundation: |
1983-10-15 |
|
Registration
Number: |
52691547 |
|
Registry: |
Taichung City
Government |
|
Registered
Capital: |
NTD 300,201,000 (USD 10,176,814) (As of
2014.3, 1 NTD = 0.0339 USD) |
|
Paid-up Capital: |
NTD
300,201,000 (USD 10,176,814) |
|
Legal
Representatives: |
Luyin
Liao |
|
Legal Form: |
|
|
Principal
Activities: |
Manufacturing and sales of machine and electronic
product, etc. |
|
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 1983-10-15 with registered number 52691547 as Joint Stock
Company in Taiwan.
Change of Name
|
Former Chinese Name |
善品精機股份有限公司 |
|
Current Chinese Name |
善品科技股份有限公司 |
|
Former English Name |
Sunbeen Precision Machine Inc. |
|
Current English Name |
Sunbeen Technology Inc. |
|
Subscription Shares |
||
|
Luyin Liao |
1,922,495 |
|
|
Gaoming Luo |
1,811,272 |
|
|
Wenhe Liu |
1,030,970 |
|
|
Wanhe Lai |
120,252 |
|
The information above is that of subject’s major shareholders.
Factories
|
1 |
|
|
Name: |
Wufeng
Factory |
|
Address: |
No. 7,
129 Lane, Zhongzheng Road, Jifeng Alley, Wufeng District, Taichung City |
|
Date
of Registration: |
2003-3-10 |
|
Factory
Registration Number: |
99642418 |
|
Factory
Manager: |
Luyin
Liao |
|
Status: |
In
Production |
|
Date
of Last Annual Return: |
2003-3-10 |
|
2 |
|
|
Address: |
No.219,
Jen Hua Rd., Dali Dist., Taichung City 412, Taiwan (R.O.C.) |
|
Date
of Foundation: |
1982-7-22 |
|
Date
of Registration: |
1982-7-22 |
|
Factory
Registration Number: |
99643704 |
|
Factory
Manager: |
Luyin
Liao |
|
Status: |
In Production |
|
Date
of Last Annual Return: |
2003-4-23 |
Core Management
Directors
|
1 |
|
|
Name |
Luyin Liao |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Gaoming Luo |
|
Position |
Director |
|
3 |
|
|
Name |
Wenhe Liu |
|
Position |
Director |
|
4 |
|
|
Name |
Wanhe Lai |
|
Position |
Supervisor |
Offices & Factories
|
|
Headquarters |
|
Add |
No.219, Jen Hua Rd., Dali Dist., Taichung City 412, Taiwan (R.O.C.) |
Production Information
Subject is engaged in
manufacturing of machine and electronic
product, etc.
Subject has factories in Taiwan
for production.
Subject obtained the certification
of ISO9001, etc.
Purchase Information
The registered activities
of subject:
|
Business Code |
Details |
|
C805010 |
Plastic, leather, cloth, board, pipe manufacturing |
|
C805990 |
Other plastic products manufacturing |
|
CA01070 |
Disintegration of waste transport and scrap metal processing industry |
|
CA01120 |
Copper casting industry |
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CA01130 |
Copper rolling, wire drawing, extrusion industry |
|
CA01990 |
Other non-ferrous metals, basic industries |
|
CB01010 |
Machinery and equipment manufacturing |
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CB01030 |
Pollution control equipment manufacturing |
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CC01030 |
Appliances and audio-visual electronic products manufacturing |
|
CC01040 |
Lighting equipment manufacturing |
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CC01070 |
Wireless communications equipment manufacturing machinery |
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CC01080 |
Electronic components manufacturing |
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CZ99990 |
Unclassified other industrial products manufacturing |
|
F106020 |
Supplies wholesale |
|
F113010 |
Mechanical wholesaling |
|
F113020 |
Electrical wholesaling |
|
F199990 |
Other Wholesales |
|
F206020 |
Supplies retail |
|
F213010 |
Electrical appliance retailing |
|
F213080 |
Mechanical equipment retail |
|
F299990 |
Other retail |
|
F401010 |
The international trade |
|
J101030 |
Waste removal industry |
|
J101040 |
Waste disposal industry |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
The components and raw material
for production are purchased from both home and abroad.
The subject is mainly engaged in sales of machine
and electronic product, etc.
The
major products sold by subject include Household sewing machine, overlock
sewing machine, sewing machine parts and ironing press machine, and electric
products, etc.
The subject
sales regions include Asia, America, Europe, etc.
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 |
machine and
electronic product, etc. |
|
Terms |
T/T, Cash, etc |
Export
|
Products |
machine and
electronic product, etc. |
|
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
|
Case
Type: |
Chattel
Mortgage |
|
Certificate
No.: |
076389 |
|
Debtor
Name: |
Sunbeen
Technology Inc. |
|
Document
Number: |
09205129030 |
|
Date
of Registration: |
2003/6/27 |
|
Status: |
Paid
Off |
Lawsuit
Up to date of reporting, no existing or latent litigation of the subject has been found.
|
Name |
Ms. Lai |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.101.65 |
|
Euro |
1 |
Rs.85.02 |
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.