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Report Date : |
27.10.2014 |
IDENTIFICATION DETAILS
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Name : |
WISDOM ENGINEERING LIMITED |
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Formerly Known As : |
JIN KEN CO., LTD. |
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Registered Office : |
10F.-1, No.138-2, Ln. 174, Sec. 2, Daguan
Rd., Banqiao Dist., New Taipei City 22058 |
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Country : |
Taiwan |
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Date of Incorporation : |
13.03.2009 |
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Com. Reg. No.: |
24330993 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of military, electronics,
communication and computer. |
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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 |
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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 |
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Risk Category |
ECGC
Classification |
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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: |
10F.-1,
No.138-2, Ln. 174, Sec. 2, Daguan Rd., Banqiao Dist., New Taipei City 22058,
Taiwan (R.O.C.) |
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Supplied Address: |
10F-1 No 138-2
Ln 174 Sec 2, Daguan Rd, Banqiao Dist Sindion Dist New Taipei City 22058
Taipei |
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Telephone Number: |
+886-2-2218-6596 |
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Fax Number: |
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 2009-3-13 with registered number 24330993
as Private Limited Liability Company in Taiwan.
Change of Name
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Former Chinese Name: |
勁根有限公司 |
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Current Chinese Name: |
威盾有限公司 |
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Former English Name: |
Jin Ken Co., Ltd. |
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Current English Name: |
Wisdom Engineering Limited |
Related Company
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Name |
Skywave System Corp. |
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Address |
5F., No.12, Ln. 538, Zhong-Zheng Rd.,Sindian Dist., New Taipei City
23141, Taiwan (R.O.C.) |
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Tel |
+886-2-8667-5288 |
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Fax |
+886-2-8667-5286 |
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E-mail |
Major Shareholders
|
Name |
Subscription Amount |
|
Mingda Lin |
5,000,000 |
Directors
|
Name |
Mingda Lin |
|
Position |
Director |
Offices &
Factories
|
|
Headquarters |
|
Add |
10F.-1, No.138-2, Ln. 174, Sec. 2, Daguan Rd., Banqiao Dist., New
Taipei City 22058, Taiwan (R.O.C.) |
Production
Information
· Subject is a trader of military, electronics, communication and computer, etc without any production activities.
Purchase
Information
· The registered activities of subject:
|
Business Code |
Details |
|
F113020 |
Wholesales of electrical appliances. |
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F113030 |
Wholesales of precise instrument. |
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F113050 |
Wholesales of computer and office equipment. |
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F113070 |
Wholesales of telecommunication equipment. |
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F118010 |
Wholesales of information software. |
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F119010 |
Wholesales of electronic materials. |
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F213010 |
Retails of electrical appliances. |
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F213030 |
Retails of computer and office equipment. |
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F213040 |
Retails of precise instrument. |
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F213060 |
Retails of telecommunication equipment. |
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F218010 |
Retails of information
software. |
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F219010 |
Retails of electronic materials. |
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F401010 |
International trading business. |
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E605010 |
Installing of computer equipment. |
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E701010 |
Telecommunication project. |
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E701020 |
Installing of Satellite Television in channel KU and channel C. |
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E701030 |
Installing of telecommunication equipment under telecommunication
regulation |
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I301010 |
Services of information software. |
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I301020 |
Services about handling with files. |
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I301030 |
Services of supplying electronic information. |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
· It is introduced that subject purchases its products both at home and abroad.
· It is introduced that subject imports its products from USA, Sweden, UK, Czech Republic, Ireland and etc.
· Subject is engaged in sale of military, electronics, communication and computer, etc.
· Subject’s sales regions are mainly in domestic market.
· Subject’s major customers are both the Military, Electronics, Communication and Computer industries.
· It is introduced that subject is agent of many brands such as Astronics, GE, Pickering, SignalCore, Barco, Eldis and etc.
Major Products
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Brands |
Products |
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Astronics Test Systems |
Integrated test solutions, custom designs, complete turn-key hardware
and software systems, commercial-off-the-shelf (COTS) instrumentation, test
software, and engineering solutions. |
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Frequency Devices |
VME,VXI or bench to programmable Fiters, Anti-Alias filter、Low pass/ high pass/ bandpass filter、Programmable Amplifiers. |
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GEIP |
PCI/PMC/IP/VME/cPCI/VPX/MicroTCA system for Military, Avionics and
commercial test |
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Pickering |
PXI/LXI Switching system/ Chassis. Advanced switching and instrumentation
equipment for the electronics industry, automotive, aerospace and defence
maeketing. |
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Ranatec Instrument AB |
Radar Performance Monitors, Radar Maintenance Equipment, Mobile test
instruments, PXI modules. |
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SignalCore |
RF Downconverter, RF Upconverters, Distribution Amplifiers. |
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Virginia Panel Corp |
Reliable Mass InterConnect solutions for ATE systems, ITA, ICA
DC~40Ghz. |
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WindRiver |
Device software optimization (DSO). RTOS , Vxworks/Tornado/ Workbench,
ICE, Probe. |
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CWC-AE |
Airborne Data Acquisition system, Telemetry system, Ground Station ,
Recorder, Network Switches. |
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Barco |
Rugged console, Rugged Display, Projector, ATC Control Room. |
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Barrett Communications |
HF/VHF/UHF Transmitter, Receiver , Tactical Communication system. |
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Eldis Pardubice |
Radar system/ Replacement and digitizing of older radars/ ATC system. |
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Timoney Technoloy LTD |
Military heavy duty vehicle driveline and independent suspension;
system design and consultant service. |
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-- |
Amplifiers Oscillators/Synthesizers Active and Passive component Waveguide SUB Systems Adapters/Connectors/Cable assembly Semiconductors |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Military, electronics, communication and
computer, etc. |
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Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Military, electronics, communication and
computer, etc. |
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Payment Terms |
L/C, T/T and etc |
Sales
Domestic Markets
|
Product |
Military, electronics, communication and
computer, etc. |
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Selling Terms |
Cash, T/T and etc |
Export
The subject has little export.
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. 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 |
Ms. Li |
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Department |
Sales Department |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.24 |
|
|
1 |
Rs.98.67 |
|
Euro |
1 |
Rs.77.97 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
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.