|
Report Date : |
16.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
AVANTRON MICRO CO., LTD. |
|
|
|
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Registered Office : |
No.6, Long-Hsiang 1st Rd., Su-Ao Township, Yilan County 27051, |
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|
|
|
Country : |
Taiwan |
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|
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Date of Incorporation : |
05.02.2009 |
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|
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Com. Reg. No.: |
24350913 |
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|
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Legal Form : |
Joint Stock Company |
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|
|
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Line of Business : |
Manufacture and sale of feed
machineries |
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|
|
|
No. of Employees : |
80 |
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 : |
No complaints |
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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 – 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.6, Long-Hsiang 1st Rd., Su-Ao Township,
Yilan County 27051, Taiwan |
|
Supplied Address: |
|
|
Telephone Number: |
+886-3-990-2701 |
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Fax Number: |
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E-mail: |
|
|
Website: |
Notes: The exact
name and address are as above.
|
Registered Name: |
Avantron Micro Co., Ltd. |
|
Registered Address: |
No.6, Long-Hsiang 1st Rd., Su-Ao Township, Yilan County 27051, Taiwan |
|
Date of Foundation: |
2009-2-5 |
|
Registration Number: |
24350913 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
NTD 100,000,000 (USD 3,400,000) (As of 2014.10, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 52,317,300 (USD 1,778,788) |
|
Legal Representatives: |
Peici Zhang |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject was
incorporated on 2009-2-5 with registered number 24350913 as Joint Stock Company in
Taiwan.
Factory
|
Address: |
No.6, Long-Hsiang 1st Rd., Su-Ao Township, Yilan
County 27051, Taiwan |
|
Date
of Registration: |
2011-4-15 |
|
Factory
Registration Number: |
02000019 |
|
Factory Manager: |
Peici
Zhang |
|
Status: |
In
Production |
|
Date of Last Annual Return: |
2011-12-8 |
|
Major Products: |
292
other special-purpose mechanical device 293
general machinery |
Major Shareholders
|
Name |
Subscription Shares |
|
Peici Zhang |
|
|
1,062,174 |
|
|
Baoyu Lai |
1,022,137 |
|
Shouting Zhang |
1,522,137 |
Core Management
Directors
|
1 |
||
|
Name |
Peici Zhang |
|
|
Position |
Board Chairman |
|
|
2 |
||
|
Name |
Baoyu Lai |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Jingqiu Gao |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Shouting Zhang |
|
|
Position |
Supervisor |
|
Personnel Structure
|
Total
Employees |
About 80 Employees |
|
|
Headquarters |
|
Add |
No.6, Long-Hsiang 1st Rd., Su-Ao Township, Yilan
County 27051, Taiwan |
Production Information
l
Subject is engaged in manufacturing of
feed machineries, etc.
l
Subject has a factory in Yilan County, Taiwan for production.
l
Subject obtained the certification of
ISO 9001.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
A102020 |
Agricultural products preparations |
|
C103050 |
Manufacturing of can, frozen, dehydration and
pickled food |
|
C104020 |
Manufacturing of baked, steamed food |
|
C105010 |
Manufacturing of edible fat and oil |
|
C106010 |
Mill industry |
|
C109010 |
Manufacturing of condiment |
|
C199010 |
Manufacturing of noodle and vermicelli |
|
C199040 |
Manufacturing of beans’ processed foods |
|
C201010 |
Manufacturing of feed |
|
CB01010 |
Manufacturing of machines |
|
CB01990 |
Manufacturing of other machines |
|
E603050 |
automatic control equipment engineering |
|
F101120 |
Wholesale of aquarium fish |
|
F101130 |
Wholesale of vegetables and fruits |
|
F101990 |
Wholesale of other agricultural, animal and
aquatic products |
|
F102020 |
Wholesale of edible fat and oil |
|
F102050 |
Wholesale of tea |
|
F102170 |
Wholesale of groceries |
|
F103010 |
Wholesale of feed |
|
F104110 |
Wholesale of textile, garment, shoes, umbrella
and accessories |
|
F106010 |
Wholesale of hardware |
|
F106050 |
Wholesale of glass-ceramic ware |
|
F113010 |
Wholesale of machinery |
|
F113020 |
Wholesale of electric appliance |
|
F113100 |
Wholesale of pollution-prevention equipment |
|
F113990 |
Wholesale of other mechanical appliance |
|
F201090 |
Retail of aquarium fish |
|
F201990 |
Retail of other agricultural, animal and aquatic
products |
|
F202010 |
Retail of feed |
|
F203010 |
Retail of grocery and beverage |
|
F204110 |
Retail of textile, garment, shoes, umbrella and
accessories |
|
F206010 |
Retail of hardware |
|
F213010 |
Retail of electric appliance |
|
F213080 |
Retail of mechanical appliance |
|
F213100 |
Retail of pollution-prevention equipment |
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F213990 |
Retail of other mechanical appliance |
|
F401010 |
International trade business |
|
I101070 |
consultancy service of the industries of
agricultural, forest, fishery, animal |
|
I101090 |
Food consultancy service |
|
F114010 |
Wholesale of automobile |
|
F214010 |
Retail of automobile |
|
F114020 |
Wholesale of haulage motor |
|
F214020 |
Retail of haulage motor |
|
F114030 |
Wholesale of the components of automobile and
motor |
|
F214030 |
Retail of the components of automobile and motor |
|
F114050 |
Wholesale of tyres |
|
F214050 |
Retail of tyres |
|
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 feed machineries, etc.
l
Subject’s major types of machineries include
grinding, pulverizing, crumbling, sieving, cleaning, extrusion, expanding,
mixing, coating, drying, cooling, pelleting, weighing, dust collect, conveying,
etc.
l
The machines are applied to processing
of shrimp feed, fish feed, pet food, poultry feed, extruded corn and soybean,
textured soy protein and biomass pellets.
l
Subject’s sales regions include Taiwan,
Mainland China, Thailand, Indonesia, Vietnam, India, Malaysia, Bangladesh,
Philippines Iran, Japan, South Korea, Russia and other European countries, etc.
l
Subject’s major customers are “Japfa”,
“Uni-President”, “Cargill”, “Skretting”, “Harorrash”, “Higashimara”, “Roby
Rose” and so on.
Import
and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Components
and raw materials |
|
Payment Terms |
Cash, T/T, etc |
2.
Import
Subject has
little import.
Sales
1.
Domestic Markets
|
Product |
Feed
machineries, etc |
|
Selling Terms |
Cash, T/T, etc |
2.
Export
|
Product |
Feed
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 Ms. Shen 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
|
1 |
|
|
Case Type: |
Chattel Mortgage |
|
File No.: |
105264 |
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Debtor Name: |
Avantron Micro Co., Ltd. |
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Document Number: |
10130300670 |
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Date of Registration: |
2012-1-5 |
|
2 |
|
|
Case Type: |
Chattel Mortgage |
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File No.: |
106939 |
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Debtor Name: |
Avantron Micro Co., Ltd. |
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Document Number: |
10130361250 |
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Date of Registration: |
2012-11-30 |
|
3 |
|
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Case Type: |
Conditional Sale |
|
File No.: |
040771 |
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Debtor Name: |
Avantron Micro Co., Ltd. |
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Document Number: |
10231347800 |
|
Date of Registration: |
2013-8-26 |
|
Date of Alteration: |
2014-5-1 |
|
4 |
|
|
Case Type: |
Chattel Mortgage |
|
File No.: |
110269 |
|
Debtor Name: |
Avantron Micro Co., Ltd. |
|
Document Number: |
10331047920 |
|
Date of Registration: |
2014-8-19 |
Lawsuit
Up to date of reporting, no existing or latent litigation of the subject has been found.
Interview Details
|
Name |
Ms. Shen |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.10 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
PDT |
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.