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Report Date : |
05.11.2014 |
IDENTIFICATION DETAILS
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Name : |
SUPERIOR
ELECTRONICS CORPORATION |
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Registered Office : |
1Fl., No.10, Lane 31, Chong-De St., Shinyi Chiu, Taipei, Taiwan 110 |
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Country : |
Taiwan |
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Date of Incorporation : |
05.10.1971 |
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Com. Reg. No.: |
51449071 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sale
of security products |
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No. of Employees : |
60 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Taiwan |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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.
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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, Lane 31, Chong-De St., Shinyi Chiu, Taipei, Taiwan 110, R.O.C. |
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Supplied Address: |
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Telephone Number: |
+886-2-2378-6161 |
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Fax Number: |
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E-mail: |
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Website: |
Notes: The exact
name and address are as above.
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Registered Name: |
SUPERIOR ELECTRONICS CORPORATION |
|
Registered Address: |
1Fl., No.10, Lane
31, Chong-De St., Shinyi Chiu, Taipei, Taiwan 110, R.O.C. |
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Date of
Foundation: |
1971-10-5 |
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Registration
Number: |
51449071 |
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Registry: |
Taipei City
Government |
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Registered
Capital: |
NTD 65,000,000 (USD 2,151,500) (As of 2014.11, 1
NTD = 0.0331 USD) |
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Paid-up Capital: |
NTD 65,000,000
(USD 2,151,500) |
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Legal
Representatives: |
Jumei Yuhuang |
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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: |
Subject was incorporated on 1971-10-5 with registered number 51449071 as Joint Stock Company in Taiwan.
Factory
|
Address: |
1Fl., No.10, Lane 31, Chong-De St., Shinyi Chiu, Taipei, Taiwan 110, R.O.C. |
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Date of Foundation: |
1987-12-10 |
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Date of Registration: |
1988-1-7 |
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Factory Registration Number: |
63020394 |
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Factory Manager: |
Shiming Huang |
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Status: |
In Production |
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Date of Last
Annual Return: |
1988-1-7 |
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Major Products: |
272 communications equipment 284 lighting equipment |
Note: It is introduced that subject has an R&D Center in USA, while the detail information we cannot obtain from any sources.
The shareholder information is not available from local registry or any other sources.
Core Management
Directors
|
1 |
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Name |
Jumei Yuhuang |
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Position |
Board Chairman |
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2 |
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Name |
Huashen Li |
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Position |
Director |
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3 |
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Name |
Zhongxiu Han |
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Position |
Director |
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4 |
||
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Name |
Qiuye Lin |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 60 Employees |
Offices & Factories
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|
Headquarters |
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Add |
No.10, Lane 31, Chong-De St., Shinyi Chiu, Taipei, Taiwan 110, R.O.C. |
Production Information
Subject is engaged in manufacturing of security products, etc
Subject has a factory in Taipei, Taiwan for production.
Subject obtained the certification of ISO 9901:2008.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
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-- |
Manufacturing, processing and sale of all kinds of burglar alarms, remote controllers |
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-- |
Manufacturing, processing and sale of all kinds of radio apparatus, communication equipment, electrochemical equipment. |
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-- |
Manufacturing, processing and sale of color music lamp, electronic flasher, decorative lamp |
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-- |
Sales of decorations and furniture |
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-- |
Manufacturing, processing and sale of all kinds of massage equipment |
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-- |
Manufacturing, processing and sale of document classification frame, filing racks, plastic boxes and other office products |
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-- |
As an agent assists in developing quoting, bidding and distributing about home and abroad companies’ products |
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CC01030 |
Manufacturing of electric appliance |
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CC01050 |
Manufacturing of data storage media |
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CC01060 |
Manufacturing of wire communication equipment |
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CC01070 |
Manufacturing of wireless communication equipment |
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CC01080 |
Manufacturing of electronic components |
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CH01010 |
Manufacturing of sports goods |
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CH01030 |
Manufacturing of stationery |
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F109010 |
Wholesale of books |
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F109020 |
Wholesale of stationery |
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F109030 |
Wholesale of sports equipment |
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F113020 |
Wholesale of electric appliance |
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F113070 |
Wholesale of telecommunications equipment |
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F213060 |
Retail of telecommunications equipment |
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F119010 |
Wholesale of electronic material |
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F219010 |
Retail of electronic material |
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F401010 |
International trade business |
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J304010 |
Book industry |
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J305010 |
Audio book industry |
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CC01101 |
Manufacturing of RF equipment controlled by telecom (burglar alarm) |
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F401021 |
Import of RF equipment controlled by telecom (burglar alarm) |
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ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
The raw materials for production are purchased from both home and abroad such as Taiwan, Mainland China, Thailand and USA, etc.
Subject is engaged in sale of security products, etc.
Subject’s major products include vehicle security systems, burglar alarm systems, access control, RF transmitters and receivers, electromagnetic locks and magnetic contacts, etc.
Subject has its own brands “SEC”, “SECO-LARM”.
Subject’s sales regions include USA, Canada, South America, UK, other European countries, Taiwan, China, Hong Kong and Japan, etc.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw materials, etc |
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Payment Terms |
Cash, T/T, etc |
Import
|
Products |
Raw materials, etc |
|
Payment Terms |
T/T, etc |
Sales
Domestic Markets
|
Product |
Security products,
etc |
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Selling Terms |
Cash, T/T, etc |
Export
|
Product |
Security products,
etc |
|
Selling Terms |
L/C, T/T, 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 Ms. Deng declined to disclose its financials citing the grounds of
company’s confidentiality; from other sources we could not obtain such
information, either.
Subject declined to disclose its bank details; from other source we could not 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.
Interview Details
|
Name |
Ms. Deng |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.41 |
|
|
1 |
Rs.98.06 |
|
Euro |
1 |
Rs.76.67 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared by
: |
NIS |
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 |
-- |
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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.