|
Report Date : |
20.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SUPERSONIC
ENTERPRISE CO., LTD. |
|
|
|
|
Registered Office : |
1F., No.12, Sec. 1, Chongsing Rd., Beitun
District, Taichung City 406, Taiwan |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
23.12.1982 |
|
|
|
|
Com. Reg. No.: |
52785087 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of machinery. |
|
|
|
|
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 – 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: |
Supersonic Enterprise Co., Ltd. |
|
Supplied Name: |
Supersonic Enterprise Co ltd |
|
Trading Address: |
No.12, Sec. 1, Chongsing Rd., Beitun District, Taichung City 406,
Taiwan (R.O.C.) |
|
Postal Address: |
P O Box 35-47, Taichung 40699, Taiwan |
|
Supplied Address: |
P O Box 35-47, Taichung 40699 |
|
Telephone Number: |
+886-4-2234-9241 |
|
Fax Number: |
+886-4-2236-0634 |
|
E-mail: |
Notes: The exact name and address are as above.
|
Registered Name: |
Supersonic Enterprise Co., Ltd. |
|
Registered Address: |
1F., No.12, Sec. 1, Chongsing Rd., Beitun District, Taichung City 406,
Taiwan (R.O.C.) |
|
Date of Foundation: |
1982-12-23 |
|
Registration Number: |
52785087 |
|
Registry: |
Taichung City Government |
|
Registered Capital: |
(As of 2014.5, 1 NTD = 0.0331 USD) |
|
Legal Representatives: |
Shengzhao Chen |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Notes: Subject
declined to disclose its staff number; from other source we cannot obtain the
relevant information, either.
Subject was incorporated on 1982-12-23 with registered number 52785087 as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Shengzhao Chen |
2,500,000 |
The information above is that of subject’s major shareholders.
Subject did not introduce
whether it has any subsidiaries or branches, from other source we can not
obtain the relevant information, either.
Core
Management
Directors
|
1 |
|
|
Name |
Shengzhao Chen |
|
Position |
Director |
Offices & Factories
|
|
Headquarters |
|
Add |
No.12, Sec. 1, Chongsing Rd., Beitun District, Taichung City 406,
Taiwan (R.O.C.) |
Production Information
l
Subject is a manufacturer of machinery
and etc.
l
It is introduced that subject has a
factory in Taiwan for production.
Purchase Information
l
The registered activities of subject:
|
|
Details |
|
1 |
Trading of machinery, hardware components,
components of machinery and hand tools. |
|
2 |
Agents of products, bidding, marking prices and
sales of domestic and overseas manufacturers. |
|
3 |
The related importing and exporting. |
l
It is introduced that subject purchases its raw
materials, components and etc both at home and abroad.
l The
subject is mainly engaged in sales of machinery and etc.
l
It is introduced that subject’s major products
include CNC Lathe, Variable Speed Milling/Drilling Machine, Circular Cold Saw
and etc.
l
It is introduced that subject’s selling territory
includes Asia, Europe, America and etc.
l
It is introduced that subject’s major customers
are manufacturers of machinery, hardware, hand tools and etc.
l
It is introduced that subject provides completed
CNC lathe with a brief specification of 510mm to 1200mm swing over bed, 890mm
to 5000mm centers distance, and 85mm∮to 380mm∮spindle bore diameter.
l
It is introduced that subject is the buying agent
of MATAC Europe, one of the main machine tool accessories importers in the
Netherlands.
l
It is introduced that subject is also the buying
agent of a surface grinding machine manufacturer in India who imports 90%
parts of surface grinding machine from Taiwan.
l
It is introduced that subject also provides the
OEM services.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials,
components and etc |
COD, CBD and
etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials,
components and etc |
CBD and etc |
100% |
Sales
Domestic
Markets
|
Sales Terms |
Proportion |
|
|
Machinery and
etc. |
COD, CBD and
etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Machinery and etc. |
CBD and 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. Chen 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 |
Mr. Chen |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.42 |
|
|
1 |
Rs.98.28 |
|
Euro |
1 |
Rs.80.11 |
INFORMATION DETAILS
|
Analysis Done
by : |
DIV |
|
|
|
|
Report Prepared
by : |
PDT |
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.