|
Report Date : |
14.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
KENTAI MACHINERY CO., LTD. |
|
|
|
|
Registered Office : |
No.3, Yongchundong 3rd S. Rd., Wurih Dist., Taichung City 41449, |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
14.08.1986 |
|
|
|
|
Com. Reg. No.: |
22240763 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sale
of machineries |
|
|
|
|
No. of Employees : |
50 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
|
Source
: CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.3, Yongchundong 3rd S. Rd., Wurih Dist., Taichung City 41449, Taiwan
(R.O.C.) |
|
Supplied Address: |
No 3, Yongchundong 3rd S Rd, Wurth Dist Taichung City 41449 Taiwan |
|
Telephone Number: |
+886-4-2338-8968 |
|
Fax Number: |
Notes: The exact
name and address are as above.
Subject was incorporated on 1986-8-14 with registered number 22240763 as Joint Stock Company in Taiwan.
Factory
|
Name: |
Wuri Factory |
|
Address: |
No.3, Yongchundong 3rd S. Rd., Wurih Dist., Taichung City 41449, Taiwan (R.O.C.) |
|
Date of Registration: |
2004-1-19 |
|
Factory Registration Number: |
99701516 |
|
Factory Manager: |
Zhenfeng Huang |
|
Status: |
In Production |
|
Date of Last
Annual Return: |
2011-4-19 |
|
Major Products: |
291 Metal processing machinery equipment |
Major Shareholders
|
Name |
Subscription Shares |
|
Zhenfeng Huang |
|
|
17,960 |
|
|
Zhenzhe Huang |
15,040 |
Core Management
Directors
|
1 |
||
|
Name |
Zhenfeng Huang |
|
|
Position |
Chairman of the Board |
|
|
2 |
||
|
Name |
Zhenzhe Huang |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Jingyuan Gao |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Wenli Huang |
|
|
Position |
Supervisor |
|
Personnel Structure
|
Total Employees |
About 50 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.3, Yongchundong 3rd S. Rd., Wurih Dist., Taichung City 41449, Taiwan (R.O.C.) |
Production Information
Subject is engaged in manufacturing of machineries, etc.
Subject has a factory in Taiwan for production.
Subject has obtained the certification of ISO 9001.
Purchase Information
The registered activities of subject:
|
No. |
Details |
|
1 |
Manufacturing and processing of kinds of machine tools and machineries (millers, grinders, tool grinders, saw machines, drillers, etc.) and hardware. |
|
2 |
Manufacturing, processing and trading of industrial machines, hydraulic machinery, wood-working machines, textile machinery, rubber machinery, electric machinery, food machinery, etc. |
|
3 |
Manufacturing, processing and trading of machineries, hardware and parts. |
|
4 |
Agent of related products home and abroad, biding and customs declaration. |
|
5 |
Import and export of the above products. |
|
6 |
Operation and investment of the above business. |
The components and raw materials for production are both purchased at home and abroad.
Subject is engaged in sale of machineries, etc.
The major products sold by the subject include circular sawing machines, saw blade grinding machines, etc.
Subject’s sales regions include domestic market, Japan, Korea, Germany, Swiss land, France, Italy, Britain, USA, etc.
It is introduced that subject has its own brand “KENTAI”.
Subject’s major customers are manufacturers of pipes, steel pipe furniture, car and motorcycles accessories, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components and raw
materials, etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
|
Products |
Components and raw
materials, etc. |
|
Payment Terms |
L/C, T/T, etc. |
Domestic Markets
|
Product |
Machineries, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Machineries, 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 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
|
Trial Number: |
2014, zhongbu,
1186 |
|
Date of Trial: |
2014-6-3 |
|
Reason: |
Amount returned |
|
Claimant: |
Kentai Machinery
Co., Ltd. |
|
Defendant: |
Yanxin Co., Ltd.
(Literal Translation) |
Interview Details
|
Name |
Ms. Huang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
|
1 |
Rs.98.68 |
|
Euro |
1 |
Rs.77.60 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
NIS |
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.