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Report Date : |
10.09.2014 |
IDENTIFICATION DETAILS
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Name : |
NEW SYMBOL INDUSTRIAL CO., LTD. |
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Registered Office : |
No.3, Alley 2, Lane 252, San Chun St., Shulin Dist., New Taipei City 238, Taiwan (R.O.C.) |
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Country : |
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Date of Incorporation : |
24.03.1995 |
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Com. Reg. No.: |
89362574 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and metal components. |
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No. of Employees : |
40 |
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 01, 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 Risk |
A2 |
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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 |
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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
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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.3, Alley 2, Lane 252, San Chun St.,
Shulin Dist., New Taipei City 238, Taiwan (R.O.C.) |
|
Supplied Address: |
NO.3, ALLEY 2, LANE 252, SANJYUN ST., SHULIN
DISTRICT, NEW TAIPEI CITY 238 TAIWAN |
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Telephone Number: |
+886-2-8688-5101 |
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Fax Number: |
+886- 2-8688-5102 |
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E-mail: |
Notes: The exact
name and address are as above.
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Registered Name: |
New Symbol Industrial Co., Ltd. |
|
Registered Address: |
No.3, Alley 2, Lane 252, San Chun St., Shulin Dist., New Taipei City
238, Taiwan (R.O.C.) |
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Date of Foundation: |
1995-3-24 |
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Registration Number: |
89362574 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2014.09, 1 NTD = 0.0334 USD) |
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Paid-up Capital: |
NTD 28,000,000 (USD 935,200) |
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Legal Representatives: |
Dongsong Wu |
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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: |
|
|
Date of Last
Annual Return: |
Subject was incorporated
on 1995-3-24 with registered number 89362574 as Joint Stock Company in
Taiwan.
Factories
|
1 |
|
|
Address: |
No.3, Alley 2, Lane 252, San Chun St., Shulin Dist., New Taipei City
238, Taiwan (R.O.C.) |
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Date of
Registration: |
2007-2-9 |
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Factory
Registration Number: |
99696371 |
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Factory Manager: |
Dongsong Wu |
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Status: |
In production |
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Date of Last Annual Return: |
2011-7-4 |
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Major Products: |
251 Metal hand
tools and molds |
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2 |
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Name: |
The Second Factory |
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Address: |
2/F, No.3, Alley 2, Lane 252, San Chun St., Shulin Dist., New Taipei
City 238, Taiwan (R.O.C.) |
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Date of
Registration: |
2007-2-9 |
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Factory
Registration Number: |
99696372 |
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Factory Manager: |
Dongsong Wu |
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Status: |
In production |
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Date of Last Annual Return: |
2011-7-5 |
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Major Products: |
251 Metal hand
tools and molds |
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3 |
|
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Name: |
The Third Factory |
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Address: |
3/F, No.3, Alley 2, Lane 252, San Chun St., Shulin Dist., New Taipei
City 238, Taiwan (R.O.C.) |
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Date of
Registration: |
2007-2-9 |
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Factory
Registration Number: |
99696374 |
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Factory Manager: |
Dongsong Wu |
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Status: |
In production |
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Date of Last Annual Return: |
2011-7-6 |
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Major Products: |
251 Metal hand
tools and molds |
Major Shareholders
|
Name |
Subscription Shares |
|
Dongsong Wu |
35,279 |
|
Decun Liao |
|
|
35,279 |
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|
Ligu Wu |
35,279 |
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Xiangpei Yin |
27,851 |
|
Wenbin Li |
7,427 |
|
Dexing Liao |
35,279 |
Core Management
Directors
|
1 |
||
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Name |
Dongsong Wu |
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Position |
Board Chairman |
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2 |
||
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Name |
Decun Liao |
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Position |
Director |
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3 |
||
|
Name |
Ligu Wu |
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Position |
Director |
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4 |
||
|
Name |
Xiangpei Yin |
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Position |
Director |
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5 |
||
|
Name |
Wenbin
Li |
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Position |
Director |
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6 |
||
|
Name |
Dexing Liao |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 40 Employees |
Offices & Factories
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|
Headquarters |
|
Add |
No.3, Alley 2, Lane 252, San Chun St., Shulin
Dist., New Taipei City 238, Taiwan (R.O.C.) |
Production Information
l
Subject is a trader of metal components and etc without any
production activities
l
Subject has 3 factories in Taiwan for
production.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
All kinds of mold design, manufacturing and
processing trading business. |
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2 |
Mold equipment and parts trading business. |
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3 |
Before the products and materials import and
export business. |
l
It is introduced that subject purchases its raw materials
and etc both at home and abroad.
Sales Information
l
Subject is engaged in sale of metal components and etc.
l
Subject’s sales regions cover Asia, Europe,
America, etc.
l
Subject’s major customers are manufacturers of
machinery, automobile and etc.
Major Products
|
|
Items |
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1 |
HOLLOW THE MOULD WITHIN
THE FINISHED PRODUCT |
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2 |
MOLD + TRIN DIE + SPARE
PARTS + SLEEVE |
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3 |
1650 TON OIL PAN MOLD |
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4 |
800 TON HONDA 390cc
CYLINDER |
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5 |
LAND-ROVER MOLD |
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6 |
WOODW ORKING MACHINE
PARTS |
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7 |
INSTRUMENT PARTS |
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8 |
AUTOMOTIVE &
MOTORCYCLE PARTS |
|
9 |
AUTO MOTIVE CAST |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Raw materials
and etc |
|
Payment Terms |
T/T, Cash, etc. |
2.
Import
|
Products |
Raw materials
and etc |
|
Payment Terms |
L/C, T/T, etc. |
Sales
1.
Domestic Markets
|
Product |
Metal components and etc. |
|
Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Metal components and 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. Dai 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. Dai |
|
Department |
Dales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.42 |
|
|
1 |
Rs.97.24 |
|
Euro |
1 |
Rs.77.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
PDT |
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 |
-- |
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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.