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Report Date : |
24.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
MEDILAND
ENTERPRISE CORPORATION |
|
|
|
|
Registered Office : |
Room B, 6th Floor, No.185, Chung Shan N.
Rd., Sec.2, Taipei |
|
|
|
|
Country : |
Taiwan |
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|
|
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Date of Incorporation : |
20.09.1984 |
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|
|
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Com. Reg. No.: |
12520441 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
· Engaged in manufacturing & sale of medical equipment including surgical light, surgical table, pendant system, & integration system bearing the brand name “Mediland”. Engaged in Sales of medical equipment Engaged in Sales, installation, repair of all kinds of
telecommunication equipment (include wireless radio transceiver) and design,
testing radio communications system |
|
|
|
|
No of Employees : |
About 200 Employees |
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 |
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|
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Payment Behaviour : |
Unknown |
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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.75, Wenhua 1st
Road, Leshan Village, Guishan Township, Taoyuan County, Taiwan |
|
Supplied Address: |
|
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Telephone Number: |
+886-3-328-9140 |
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Fax Number: |
|
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E-mail: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
Subject was incorporated
on 1984-9-20 with registered number 12520441 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Ding Jia Investment Co., Ltd. (Literal
Translation) |
1,000,000 |
The information above is that of subject’s major shareholders.
Shareholder
Information:
|
Registered Name: |
Ding Jia Investment Co., Ltd. (Literal Translation) |
|
Registered Address: |
6th Floor-1, No.185, Sec
2, Zhongshan North Road, Zhongshan District, Taipei City, Taiwan |
|
Date of Foundation: |
1993-5-20 |
|
Registration Number: |
84255651 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 6,500,000 (USD 221,000) (As of 2014.05, 1 NTD = 0.0340
USD) |
|
Paid-up Capital: |
NTD 6,500,000 (USD 221,000) |
|
Legal Representatives: |
Chunsong Jiang |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2014-3-28 |
Factory
|
Name: |
Linkou Factory |
|
Address: |
No.75, Wenhua 1st Road,
Leshan Village, Guishan Township, Taoyuan County, Taiwan |
|
Date of Foundation: |
1986-6-3 |
|
Date of Registration: |
1987-5-25 |
|
Factory Registration Number: |
99621527 |
|
Factory Manager: |
Chunsong Jiang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2002-10-16 |
|
Major Products: |
332
medical equipment and supplies 319
other unclassified transport machine and parts 277
optical instrument and equipment 276 radiation and electronic medical equipment |
Related Company
|
Name |
Mediland (Nanjing) Medical Equipment Co.,
Ltd. |
|
Address |
No.29, Qinhuai Road, Jiangning Economic and Technological Development Zone,
Nanjing City, Jiangsu Province, China |
|
Registration Number |
320100400016914 |
|
Date of Registration |
2002-6-25 |
|
Registered Capital: |
CNY 1,500,000 |
|
Legal Representatives: |
Yimin Jiang |
Core Management
|
1 |
|
|
Name |
Chunsong Jiang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Chunsen Jiang |
|
Position |
Director |
|
3 |
|
|
Name |
Tianen Jiang |
|
Position |
Director |
|
4 |
|
|
Name |
Yimin Jiang |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 200
Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.75, Wenhua 1st Road, Leshan Village, Guishan
Township, Taoyuan County, Taiwan |
Production
Information
l
Subject is engaged in manufacturing of medical equipment
l
Subject has a factory in Taoyuan
County, Taiwan for production.
l
Subject obtained the certification of
ISO 9001:2008.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
General import and export business |
|
-- |
Sales of medical equipment |
|
-- |
Sales, installation, repair of all kinds
of telecommunication equipment (include wireless radio transceiver) and
design, testing radio communications system |
|
-- |
Installation of all kinds of
telecommunications line engineering |
|
-- |
As an agent assist in developing quoting,
bidding and distributing about home and abroad company’s products (except
future goods) |
|
CF01011 |
Manufacturing of medical equipment |
|
CE01030 |
Manufacturing of optical instrument |
|
CA02990 |
Manufacturing of other metal product
(hanging bracket, sterilizing pan) |
|
CE01010 |
Manufacturing of general instrument |
|
F108031 |
Wholesale of medical equipment |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
The components and raw materials for
production are mostly purchased in domestic market.
l
Subject is engaged in sale of medical equipment
l
The major products sold by subject
include surgical light, surgical table, pendant system, & integration
system.
l
Subject has their own brand “Mediland”.
l
Subject’s sales regions include Taiwan,
Mainland China, Southeast Asia, Europe and America, etc.
l
Subject’s major customers are Steris
Corporation and American Hosp Scief Equip Co Del Peru SA, etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Components and raw materials |
T/T,
Cash, etc |
100% |
Foreign Purchase
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Medical
equipment, etc |
T/T,
Cash, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Medical
equipment, 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 Ms. 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 |
Ms. Liu |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.48 |
|
UK Pound |
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.79.81 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
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.