|
Report Date : |
16.10.2014 |
IDENTIFICATION DETAILS
|
Name : |
JENPLAS MACHINERY CO., LTD. |
|
|
|
|
Registered Office : |
No.55, Wu Chuan 7th Rd., Wugu Dist., New Taipei City 248, |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
12.09.1989 |
|
|
|
|
Com. Reg. No.: |
23487264 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing and
sales of whole plant turnkey plastics bag equipments |
|
|
|
|
No. of Employees : |
Not Available |
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 |
|
Payment Behaviour : |
Unknown |
|
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.41, Wu-Kong 5 Rd., Wu-Ku Ind., Park. Wu-Ku Dist., New Taipei City,
248 Taiwan |
|
Supplied Address: |
No. 41, Wu Kong 5th Rd, Wu-Ku Ind Park, Wu-Ku Hsiang, Taipei Hsien, |
|
+886-2-2299-1616/
2299-5700 |
|
|
Fax Number: |
|
|
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 1989-9-12 with registered number 23487264 as Private Limited Liability Company in Taiwan.
Factories
|
1 |
|
|
Address: |
No.55, Wu Chuan 7th Rd., Wugu Dist., New Taipei City 248, Taiwan (R.O.C.) |
|
Date of Foundation: |
2000-5-4 |
|
Date of Registration: |
2000-6-5 |
|
Factory Registration Number: |
99610425 |
|
Factory Manager: |
Guozhen Shi |
|
Status: |
In Production |
|
Date of Last
Annual Return: |
2002-10-24 |
|
Major Products: |
292 other special developing equipment 293 general machinery and equipment 251 metal hand tools and molds 285 electrical appliances |
|
2 |
|
|
Address: |
1F., No.248, Zhongxing N. St., Sanchong Dist., New Taipei City, Taiwan (R.O.C.) |
|
Date of Registration: |
2013-5-17 |
|
Factory Registration Number: |
65002238 |
|
Factory Manager: |
Guozhen Shi |
|
Status: |
In production |
|
Date of Last
Annual Return: |
2013-5-17 |
|
Major Products: |
291 machinery for processing of metal 292 other special developing equipment 293 general machinery and equipment |
Related Companies
|
Name |
Hemingstone Machinery Co., Ltd. |
|
Address |
No.41, Wu-Kong 5 Rd., Wu-Ku Ind., Park. Wu-Ku Dist., New Taipei City, 248 Taiwan |
|
Telephone Number: |
+886-2-2299-1616/ 2299-5700 |
|
Fax Number: |
+886-2-2299-2070/ 2299-2080 |
Major Shareholders
|
Name |
Subscription Amount |
|
Guozhen Shi |
4,600,000 |
Core Management
Directors
|
Name |
Guozhen Shi |
|
Position |
Director |
Offices & Factories
|
|
Headquarters |
|
Add |
No.41, Wu-Kong 5 Rd., Wu-Ku Ind., Park. Wu-Ku Dist., New Taipei City, 248 Taiwan |
Production Information
Subject is engaged in manufacturing of whole plant turnkey plastics bag equipments, etc.
Subject has a factory in Taiwan for production.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing, processing and trading of agriculture machinery, plastic and rubber machinery and their components |
|
-- |
Designing, manufacturing, processing and trading of cold air machine, refrigerator, drying machine and their components |
|
-- |
Designing, manufacturing, processing and trading of draught fan, cool-heat-exchanger and their components |
|
-- |
Agent, trading, importing and exporting of domestic and oversea manufacturers’ related products. |
|
-- |
Operation and reinvestment of above related business. |
It is introduced subject purchases its components and etc both at home and abroad.
Subject is engaged in sale of whole plant turnkey plastics bag equipments, etc.
The major products include bag-blowing machinery, printing machine and bag making machinery and so on.
Subject’s sales regions are mainly in Asia, Europe, America and etc.
The general delivery lead time of subject is from 7 days to 60 days.
Subject’s major customers are packaging industry, manufacturers of plastic bags, supermarket shopping bags and etc.
Import and export right:
|
Import right |
Yes |
|
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 |
Whole plant
turnkey plastics bag equipments, etc. |
|
Selling Terms |
Cash, T/T and etc |
Export
|
Product |
Whole plant
turnkey plastics bag equipments, 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 Mr. Li 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 |
Mr. Li |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
|
1 |
Rs.98.15 |
|
Euro |
1 |
Rs.77.68 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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.