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Report Date : |
02.10.2014 |
IDENTIFICATION DETAILS
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Name : |
HUNG TA INSTRUMENT CO., LTD. |
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Registered Office : |
No.17, 11rd., Industrial Park, |
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Country : |
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Date of Incorporation : |
31.08.1977 |
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Com. Reg. No.: |
52438046 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Sales of Quality Control Instruments |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Taiwan |
A2 |
A2 |
|
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: |
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Supplied Address: |
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Telephone Number: |
+886-4-2359-0108 |
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Fax Number: |
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E-mail: |
Notes: The exact name
and address are as above.
Notes: Subject declined to
disclose its staff number; from other source we cannot obtain the relevant
information, either.
Subject was incorporated
on 1977-8-31
with registered number 52438046
as Joint Stock Company in Taiwan.
Factories
|
1 |
|
|
Address: |
No.30, Jingke 5th Rd., Nantun Dist., Taichung City, Taiwan (R.O.C.) |
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Date of Registration: |
2011-8-23 |
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Factory Registration Number: |
66000480 |
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Factory Manager: |
Heshun Chen |
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Status: |
In Production |
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Date of Last Annual Return: |
2011-8-23 |
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Major Products: |
275 Testing, navigation and controlled equipment, clock and watch 277 Optical instrument and equipment 292 Other special developing equipment 293 General equipment |
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Tel |
+886-4-2355-0277 |
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Fax |
+886-4-2359-6445 |
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2 |
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|
Address: |
No.20, Jingke Central Rd., Nantun Dist., Taichung City, Taiwan
(R.O.C.) |
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Date of Registration: |
2014-5-2 |
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Factory Registration Number: |
66002699 |
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Factory Manager: |
Heshun Chen |
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Status: |
In Production |
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Date of Last Annual Return: |
2014-5-2 |
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Major Products: |
275 Testing, navigation and controlled equipment, clock and watch 292 Other special developing equipment 293 General equipment |
|
3 |
|
|
Address: |
No.17, 11rd., Industrial Park, Taichung
Taiwan R.O.C. |
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Date of Foundation: |
1981-8-11 |
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Date of Registration: |
1984-9-12 |
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Factory Registration Number: |
99669150 |
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Factory Manager: |
Heshun Chen |
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Status: |
In Production |
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Date of Last Annual Return: |
1984-9-12 |
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Major Products: |
293 General equipment |
Branches
|
1 |
|
|
Name |
Taipei Branch |
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Registered Address |
1F., No.17, Lane 71, Sec. 5, Zhongxiao E. Rd., Xinyi Dist., Taipei
City, Taiwan (R.O.C.) |
|
Registration Number |
22307047 |
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Date of Registration |
1986-12-1 |
|
Manager Name |
Renyong Xie |
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Date of Last Annual Return |
2000-7-27 |
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Tel |
+886-2 - 27467770 |
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Fax |
+886-2 - 27686430 |
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2 |
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Name |
Kaohsiung Branch |
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Registered Address |
No. 305 , Jinshan Rd. , Sanmin District , Kaohsiung City 807 , Taiwan |
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Tel |
+886-7 - 3429618 - 9 |
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Fax |
+886-7 - 3427499 |
Related Companies
|
Shanghai Maolian Instrument Co., Ltd. Building 6 , Floor 2 , Canyang Industrial
Park , 1650 Beihe Road , Jiading District , Shanghai , China Tel：+86-021 - 56954466 / 56950304 Fax：+86-021 - 56377170 E - mail：shanghai@hungta.com / sale@hungta.com.cn
Donguan Hongguo Instrument Co., Ltd. Room 1005 , Ten Floor , Heng Feng Business
Building No. 140 , Bada Road , Dongguan City , China Tel：+86-0769 - 22494862 / 22494895 / 22494695 Fax：+86-0769 - 22494665 E - mail：donguan@hungta.com Tai Hung Ta Instrument ( Xiamen ) Co.,
Ltd. Room 1101 , Office Tower Huicheng
Commercial Complex , 839 Xiahe Road , Xiamen , China Tel：+86-0592 - 5800710 / 5800711 Fax：+86-0592 - 5800713 E - mail：service@hungta.com.cn / xiamen@hungta.com Jinghualun Technical Management
& Consultancy ( Beijing ) Co., Ltd. A105 Tonghuayuan , Xineidajie , Beijing ,
China Tel：+86-010 - 62213252 / 62211901 Fax：+86-010 - 62233597 E - mail：beijing@hungta.com.cn Hung Ta Instrument ( Thailand ) Co., Ltd. 189 / 3 Moo 12 , Bangna - Trad Road ,
Bangkaew , Hung Ta Instrument ( M ) Sdn. Bhd. 109 , Taman A. S. T. Jalan Sungai Ujong ,
Seremban , Negeri Sembilan , West Malaysia Tel：+606 - 7636031 Fax：+606 - 7637692 E - mail：malaysia@hungta.com / hungta@streamyx.com Hung Ta Instrument Co., Ltd. 88 Duong 3 A , Khu Dan Cu An Lac , Binh
Tri Dong Quan Binh Tan , Tp Hcm , Vietnman Tel：84 - 83 - 7517821 E - mail：vietnam@hungta.com / hoangvietco@vnn.vn
|
Offices
|
Wuhan Office Room 2401, Lingxiu Zhongnan Building , NO.
3 Zhongnan Road Wuhan , China Tel：+86-027 - 87332420 / 87332419 Fax：+86-027 - 87128219 # 12 E - mail：wuhan@hungta.com.cn Shanghai Office No. 1109 Rongle Road Songjiang Shanghai
City , China Tel：86 - 21 - 57744978 / 57744979 Fax：86 - 21 - 57744978 # 116 E - mail：shaoxian@hungta.com / i_m_loto@hotmail.com
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Major Shareholders
|
Name |
Subscription
Shares |
|
13,600 |
|
|
Qinghua Lin |
11,280 |
|
Hongmao Huang |
2 |
|
Renyong Xie |
5,000 |
|
Zhenqun Chen |
2,400 |
Core Management
Directors
|
1 |
||
|
Name |
Heshun Chen |
|
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Position |
Board Chairman |
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|
2 |
||
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Name |
Qinghua Lin |
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Position |
Director/Manger |
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Date of Appointment |
1985-9-18 |
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3 |
||
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Name |
Hongmao Huang |
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Position |
Director |
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4 |
||
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Name |
Renyong Xie |
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Position |
Director |
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5 |
||
|
Name |
Zhenqun Chen |
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Position |
Supervisor |
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Offices &
Factories
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|
Headquarters |
|
Add |
Production
Information
·
Subject
is engaged in manufacturing of quality
control instruments, etc.
Subject has 3 factories in Taiwan for production.
Subject obtained the certifications of ISO9002 and ISO9001.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Trading of chemical instrument, analytical instrument (balance scale, analytical
balance, chemical balance, weights), measuring instruments directives
(length-gauge, micrometer, thickness gauge, measuring glass, pipet, pressure
gage, thermometer, aerometer, concentration meter), analytical reagent
(glycerinum, methylbenzene) and etc. |
|
-- |
Manufacturing and trading of hydraulic equipment, inspection
instrument, electric oven and automatic control instrumentation |
|
-- |
Manufacturing and trading of tension tester and universal material
testing machine. |
|
CB01030 |
Manufacturing of pollution-Prevention Equipment. |
|
CC01050 |
Manufacturing of the equipment for handling with files and files
storage. |
|
-- |
Importing and exporting of above related business. |
It is introduced that subject purchases its components and etc both at
home and abroad.
Subject is engaged in sale of quality control instruments, etc.
It is introduced that subject’s major products are quality control instruments such as Tensile
& Compression Equipment, Dynamic Testing Machine and etc.
Subject’s sales regions cover Asia, America, Europe, Africa, etc.
Subject’s major customers are manufacturers of automobile, metals cable
& wire, textiles and etc.
It is introduced that subject’s products are applied many fields, such
as Polymer, Environmental & Chambers, Automotive Parts , Tire &
Motorcycle, Footwear & Leather, Metals, Bicycle & Bicycle Parts, Cable
& Wire, Office Furniture & Baby Carriage, Paper , Paper Boards & Packaging
Materials, Textile, Fiber Optic Cable, Grips and etc.
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components and etc |
|
Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Components and etc |
|
Payment Terms |
L/C, T/T and etc |
Sales
Domestic Markets
|
Product |
Quality control instruments, etc. |
|
Selling Terms |
Cash, T/T and etc |
Export
|
Product |
Quality control instruments, etc. |
|
Selling Terms |
L/C, T/T and 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. Lin 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. Lin |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.100.07 |
|
Euro |
1 |
Rs.77.95 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
Report Prepared
by : |
NIT |
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 |
|
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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 |
|
|
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.