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Report Date : |
09.09.2014 |
IDENTIFICATION DETAILS
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Name : |
ALEX-TECH MACHINERY INDUSTRIAL CO., LTD. |
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Registered Office : |
No.5, Chun An Rd., Shengang Dist., |
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Country : |
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Date of Incorporation : |
25.08.1988 |
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Com. Reg. No.: |
22997697 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Sale of Machines |
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No of Employees : |
About 100 |
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.5, Chun An
Rd., Shengang Dist., Taichung City 429, Taiwan (R.O.C.) |
|
Supplied Address: |
No. 5 Chun An
Rd. Shen Kang Hsiang, Taichung Hsien Taiwan R.O.C. |
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Telephone Number: |
+886-4-2562-6039 |
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Fax Number: |
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Email: |
The exact name and address are as above.
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Registered Name: |
Alex-Tech Machinery Industrial Co., Ltd. |
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Registered Address: |
No.5, Chun An Rd., Shengang Dist., Taichung City
429, Taiwan (R.O.C.) |
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Date of Foundation: |
1988-8-25 |
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Registration Number: |
22997697 |
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Registry: |
Taichung City Government |
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Registered Capital: |
NTD 400,000,000
(USD 13,600,000) (As of 2014.09, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 150,486,000 (USD 13,600,000) |
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Legal Representatives: |
Dexiu Cai |
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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 1988-8-25 with registered number 22997697
as Joint Stock Company in Taiwan.
Factory
|
Address: |
No.5, Chun An Rd., Shengang Dist., Taichung City
429, Taiwan (R.O.C.) |
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Date of Foundation: |
1997-9-23 |
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Date of Registration: |
1999-1-29 |
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Factory Registration Number: |
99640567 |
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Factory Manager: |
Dexiu Cai |
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Status: |
In Production |
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Date of Last Annual Return: |
2003-1-22 |
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Major Products: |
293 general machinery 292 other special-purpose mechanical device |
Major Shareholders
|
Name |
Subscription Shares |
|
Dexiu Cai |
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|
1,419,751 |
|
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Guosheng Huang |
349,867 |
|
Dezhi Cai |
111,375 |
|
Ruiyun Cai |
5,568 |
Core Management
Directors
|
1 |
||
|
Name |
Dexiu Cai |
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Position |
Board Chairman |
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2 |
||
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Name |
Guosheng Huang |
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Position |
Deputy Chairman |
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3 |
||
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Name |
Dezhi Cai |
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Position |
Director |
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4 |
||
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Name |
Ruiyun Cai |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 100 Employees |
Offices &
Factories
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|
Headquarters |
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Add |
No.5, Chun An Rd., Shengang Dist., Taichung City 429, Taiwan (R.O.C.) |
Production
Information
Subject is engaged in manufacturing of machines, etc.
Subject has a factory (about 3,300 square meters) in Taichung City, Taiwan for production.
Purchase Information
The registered
activities of subject:
|
Business Code |
Details |
|
1 |
Manufacturing, processing and sale of all kinds of machine tools,
woodworking machinery, synthesized center, burner |
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2 |
Import and export of above items |
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3 |
Operation and reinvestment of above items |
The components and raw materials for production are purchased from both
home and abroad such as Taiwan, Japan, etc.
Subject is engaged in sale of machines, etc.
The major products precision production center, CNC turning center and
vertical turning lathe and so on.
Subject’s sales regions include Asia, Europe and America, etc.
One of subject’s major customers is Lamarche Machinery Inc.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components and raw materials |
|
Payment Terms |
Cash, T/T, etc |
Import
|
Products |
Components and raw materials |
|
Payment Terms |
T/T, etc |
Sales
Domestic Markets
|
Product |
Machines, etc |
|
Selling Terms |
T/T, etc |
Export
|
Product |
Machines, 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. 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 |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.26 |
|
|
1 |
Rs.97.51 |
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Euro |
1 |
Rs.77.94 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
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|
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
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 |
-- |
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.