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Report Date : |
06.09.2014 |
IDENTIFICATION DETAILS
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Name : |
HUA TAI ELECTRIC CABLE & WIRE CO., LTD. |
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Registered Office : |
No.14-3, Wu Lin
St., Shulin Dist., New Taipei City 238, |
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Country : |
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Date of Incorporation : |
16.10.1982 |
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Com. Reg. No.: |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and
sales of automotive wire and cable |
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No. of Employees |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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
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Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
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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: |
No.14-3, Wu Lin St., Shulin Dist., New Taipei City 238, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886- 2-2683-5095 |
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Fax Number: |
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E-mail: |
Notes: The exact
name and address are as above.
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Registered Name: |
HUA TAI ELECTRIC CABLE & WIRE CO., LTD. |
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Registered
Address: |
No.14-3, Wu Lin
St., Shulin Dist., New Taipei City 238, Taiwan (R.O.C.) |
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Date of
Foundation: |
1982-10-16 |
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Registration
Number: |
34507793 |
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Registry: |
New Taipei City
Government |
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Registered
Capital: |
(As of 2014.09, 1
NTD = 0.0331 USD) |
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Legal
Representatives: |
Songyuan Xu |
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Legal Form: |
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Principal
Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Subject was incorporated on 1982-10-16 with registered number 34507793 as Private Limited Liability Company in Taiwan.
Factory
|
Address: |
No.14-3, Wu Lin St., Shulin Dist., New Taipei City 238, Taiwan (R.O.C.) |
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Date of Foundation: |
1992-7-7 |
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Date of Registration: |
2000-12-21 |
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Factory Registration Number: |
99603179 |
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Factory Manager: |
Songyuan Xu |
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Status: |
In production |
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Date of Last
Annual Return: |
2002-12-16 |
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Major Products: |
281 Machinery for electricity generation, electricity transmission and distribution of electricity. 283 Wire and wiring accessories 289 Other electrical power equipment |
Major Shareholders
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Name |
Subscription Amount |
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Songyuan Xu |
7,697,700 |
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Hongsen Chen |
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7,697,700 |
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Yongxiang Yang |
7,697,700 |
Core Management
Directors
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1 |
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Name |
Songyuan Xu |
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Position |
Board Chairman/Manager |
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Date of Appointment |
1989-8-25 |
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2 |
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Name |
Hongsen Chen |
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Position |
Director |
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3 |
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Name |
Yongxiang Yang |
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Position |
Director |
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Personnel Structure
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Total Employees |
About 15 Employees |
Offices & Factories
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Headquarters |
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Add |
No.14-3, Wu Lin St., Shulin Dist., New Taipei City 238, Taiwan (R.O.C.) |
Production Information
Subject is engaged in manufacturing of automotive wire and cable, etc
Subject has a factory in Taiwan for production.
Subject obtained the certification of ISO 9000, QS 9000 and TS 16949.
Purchase Information
The registered activities of subject:
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Business Code |
Details |
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-- |
Manufacturing and trading of plastic wire and cable, rubber wire and cable and etc. |
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-- |
Manufacturing, processing and trading of bare copper wire, flat angle wire and cotton-covered wire. |
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-- |
Agent, marking price and bidding, importing and exporting of above related business |
It is introduced that subject purchases its raw materials
and etc mainly in domestic market.
Subject is engaged in sale of automotive wire and cable, etc.
Subject’s sales regions cover Asia, Europe, America and etc.
Subject’s major customers are manufacturers, repairers of automobiles, distributors and manufacturers of automotive components and etc.
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Types |
Products |
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Japanese standard
wires |
AV - JIS General Purpose - Basic Type AVS - JIS General Purpose - Thin Wall Insulated Type AVSS - JASO General Purpose - Extra Thin Wall Insulated Type AVSSH - JASO Heat Resistant Wires - Heat Resistant and Extra
Thin Wall Insulated AEX - JASO Heat Resistant Wires - Heat Resistant and
Crosslinked PE insulated AESSX - Super Thin Heat-resistant Low-voltage Wires for
Automobiles AVX - JASO Heat Resistant Wires - Heat Resistant and
Crosslinked PVC Insulated ASSSH, SH-SX, SH-SH - JASO Shielded Cable LE-SS, LE-SX, LE-SH - JASO Shielded Cable CAVS - JASO Thin Wall, with Compressed Conductor CAVUS - JASO Ultra Thin Wall, with Compressed Conductor |
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SAE standard wires |
GPT - SAE General Purpose, Thermoplastic Insulated TWP - SAE Thin Wall, Thermoplastic Insulated HDT - SAE Heavy Duty, Thermoplastic Insulated GXL - SAE General Purpose, Crosslinked Polyolefin Insulated SXL - SAE Special Purpose, Crosslinked polyolefin Insulated TXL - SAE Thin Wall, Crosslinked Polyolefin Insulated |
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ISO standard wires |
FLRY-A - Thin Wall, with Concentric Conductor (Type A) FLRY-B - Thin Wall, with Conductor (Type B) FLRY nx... - Thin Wall, Twisted Multi-Wires
without Sheath FLYW - Thick Wall, with Conductor FLYY - Thick Wall, with Single Core and PVC sheath FLYY - Thick Wall, with Multi-Cores and PVC sheath FLRYY - Thin Wall, with Multi-Cores and PVC sheath |
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UL irradiated XLPE
insulated wires |
UL Style 3173 - UL Style 3173 Irradiated XL-PE Wire UL Style 3266 - Halogen-Free XLPE Insulated Hook Up
Wire UL Style 3271 - UL Style 3271 Irradiated XL-PE Wire Other UL - Products of approval |
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Halogen free wire |
CHFUS - Halogen Free Ultra Thin-Wall Cable HFSS - Halogen Free Thin-Wall Cable |
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Products |
Raw materials and
etc |
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Payment Terms |
Cash, T/T and etc |
Import
The subject has little
import.
Sales
Domestic Markets
|
Product |
Automotive wire
and cable, etc. |
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Selling Terms |
Cash, T/T and etc |
Export
|
Product |
Automotive wire
and cable, etc. |
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Selling Terms |
T/T, L/C 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 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
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.60.44 |
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|
1 |
Rs.98.64 |
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Euro |
1 |
Rs.78.20 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIS |
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.