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Report Date : |
28.05.2014 |
IDENTIFICATION DETAILS
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Name : |
KOU YI IRON WORKS
CO., LTD. |
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Registered Office : |
No.10, Alley 50, Lane 305, Sec.3, Chung Shan
Rd., Tanzi Dist., Taichung City 427 |
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Country : |
Taiwan |
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Date of Incorporation : |
11.10.1977 |
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Com. Reg. No.: |
55838621 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
· Engaged in manufacturing and sales of hydraulic press Engaged in manufacturing, processing and sales in domestic
and overseas markets of machinery and equipment for shoes hoe, shoe counter,
foamed plastic injection machine, plastic injection machine and hydraulic
compressor. Subject product
ranges includes: ·
Plastic Upper and Shoelace Injection Molding
Machine Air Blowing Shoes Injection Moulding Machine One / Two Color Sole Injection Moulding Machine One / Two Color Sandals, Slippers, Plastic Shoes Injection
Moulding Machine One / Two / Three Color Sport Shoes Injection &
Jointing Moulding Machine One / Two Color Rain Boots Injection Moulding Machine Rotry Type Automatic PU Single Density Injection Moulding
Machine |
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|
|
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No of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
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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.
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Source : CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.10, Alley 50,
Lane 305, Sec.3, Chung Shan Rd., Tanzi Dist., Taichung City 427, Taiwan
(R.O.C.) |
|
Supplied Address: |
No 10, Alley 50,
Lane 305., Chung Shan Rd, Sec 3 Tanzi Dist Taichung City |
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Telephone Number: |
+886-4-2533-1108 |
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Fax Number: |
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E-mail: |
Notes: The exact name and
address are as above.
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Credit Opinion: |
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Registered Name: |
Kou Yi Iron Works Co., Ltd. |
|
Registered Address: |
No.10, Alley 50, Lane 305, Sec.3, Chung Shan
Rd., Tanzi Dist., Taichung City 427, Taiwan (R.O.C.) |
|
Date of Foundation: |
1977-10-11 |
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Registration Number: |
55838621 |
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Registry: |
Taichung City Government |
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Registered Capital: |
(As of 2014.5, 1 NTD = 0.0331 USD) |
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Paid-up Capital: |
NTD 28,000,000 (USD 926,800) |
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Legal Representatives: |
Mingzhu Wen |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock Exchange: |
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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 1977-10-11 with registered number 55838621
as Joint Stock Company in
Taiwan.
|
Name |
Subscription
Shares |
|
Mingzhu Wen |
9,000 |
|
Minxiong Wen |
8,700 |
|
Ruiwei Huang |
1,600 |
The information above is that of subject’s major shareholders.
Factories
|
1 |
|
|
Address: |
No.10, Alley 50, Lane 305, Sec.3, Chung Shan
Rd., Tanzi Dist., Taichung City 427, Taiwan (R.O.C.) |
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Date of Foundation: |
1983-10-26 |
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Factory Registration Number: |
99637010 |
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Factory Manager: |
Mingzhu Wen |
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Status: |
In Production |
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Date of Last Annual Return: |
2002-7-30 |
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Major Products: |
292 Other developping specialties |
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2 |
|
|
Address: |
No.6, Alley 50, Lane 305, Sec.3, Chung Shan
Rd., Tanzi Dist., Taichung City 427, Taiwan (R.O.C.) |
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Date of Foundation: |
1974-10-26 |
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Date of Registration: |
1984-8-18 |
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Factory Registration Number: |
99637161 |
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Factory Manager: |
Mingzhu Wen |
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Status: |
In Production |
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Date of Last Annual Return: |
2002-8-2 |
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Major Products: |
292 Other
developing specialties 293 General machinery and equipment |
Core Management
|
1 |
|
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Name |
Mingzhu Wen |
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Position |
Board Chairman |
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2 |
|
|
Name |
Jinlian Liwen |
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Position |
Director |
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3 |
|
|
Name |
Minxiong Wen |
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Position |
Director |
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4 |
|
|
Name |
Ruiwei Huang |
|
Position |
Supervisor |
Offices &
Factories
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|
Headquarters |
|
Add |
No.10, Alley 50, Lane 305, Sec.3, Chung Shan
Rd., Tanzi Dist., Taichung City 427, Taiwan (R.O.C.) |
Production
Information
l
Subject is a manufacturer of hydraulic press
l
It is introduced that
subject has two factories in Taiwan for production.
l
It is introduced that
subject has obtained ISO 9002 certification.
Purchase
Information
l
The registered activities of subject:
|
|
Details |
|
1 |
Manufacturing, processing and sales in
domestic and overseas markets of machinery and equipment for shoes hoe, shoe
counter, foamed plastic injection machine, plastic injection machine and
hydraulic compressor. |
|
2 |
Sales in domestic and overseas markets,
importing and exporting and trading business of above related raw materials
and products. |
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 hydraulic press
l
It is introduced that
subject’s selling territory includes Asia, Europe, America, Australia, Africa
and etc.
l
It is introduced that
subject’s major customers are manufacturers of plastic products, rubber items
and etc.
l
It is introduced that
subject’s products are applied to shoes
Major Products
|
|
Products |
|
1 |
Plastic Upper and Shoelace Injection
Molding Machine |
|
2 |
Air Blowing Shoes Injection Moulding
Machine |
|
3 |
One / Two Color Sole Injection Moulding
Machine |
|
4 |
One / Two Color Sandals, Slippers, Plastic
Shoes Injection Moulding Machine |
|
5 |
One / Two / Three Color Sport Shoes
Injection & Jointing Moulding Machine |
|
6 |
One / Two Color Rain Boots Injection
Moulding Machine |
|
7 |
Rotry Type Automatic PU Single Density
Injection Moulding Machine |
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 |
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|
Hydraulic press and etc. |
COD,
CBD and etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Hydraulic press 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. Wen 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. Wen |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.06 |
|
UK Pound |
1 |
Rs.99.61 |
|
Euro |
1 |
Rs.88.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
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Report Prepared
by : |
MNL |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.