|
Report Date : |
19.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
NAM LIONG ENTERPRISE CO., LTD. |
|
|
|
|
Registered Office : |
No.10 Lane 41 Chou-Wei
St. Yen-Chou Li, Yung Kang Dist., Tainan City, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
18.12.1972 |
|
|
|
|
Com. Reg. No.: |
3176434 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and
sale of textile materials |
|
|
|
|
No. of Employees |
500 Employees
(Company) 15,000 Employees
(Group) |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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.10 Lane 41 Chou-Wei St. Yen-Chou Li, Yung Kang Dist., Tainan City,
Taiwan, R.O.C. |
|
Supplied Address: |
NO 10 LANE 41 CHOU WEI STREET YEN CHOU LIYOUNG KANG DISTRICT TAINAN
CITY TAIWAN |
|
Telephone Number: |
+886-6-253-4161 |
|
Fax Number: |
|
|
Website: |
Notes: The
exact name and address are as above and the supplied telephone and fax numbers 886-6-2420633/
2420649 belong to subject’s Niaosong Factory.
|
Registered Name: |
NAM LIONG ENTERPRISE CO., LTD. |
|
Registered
Address: |
No.10 Lane 41 Chou-Wei
St. Yen-Chou Li, Yung Kang Dist., Tainan City, Taiwan, R.O.C. |
|
Date of
Foundation: |
1972-12-18 |
|
Registration
Number: |
73176434 |
|
Registry: |
Tainan City
Government |
|
Registered
Capital: |
NTD 226,000,000 (USD 7,684,000) (As of 2014.09, 1 NTD
= 0.0340 USD) |
|
Paid-up Capital: |
NTD 226,000,000
(USD 7,684,000) |
|
Legal
Representatives: |
Dengbo Xiao |
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
About 15,000
Employees (Group) |
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 1972-12-18 with registered number 73176434 as Joint Stock Company in Taiwan.
Factories
|
1 |
|
|
Address: |
No.10 Lane 41 Chou-Wei St. Yen-Chou Li, Yung Kang Dist., Tainan City, Taiwan, R.O.C. |
|
Date of Foundation: |
1973-11-29 |
|
Date of Registration: |
1975-4-15 |
|
Factory Registration Number: |
99661026 |
|
Factory Manager: |
Dengbo Xiao |
|
Status: |
In Production |
|
Date of Last
Annual Return: |
2002-9-27 |
|
Major Products: |
111 spinning 112 woven cloth 113 non woven cloth 115 textile 121 tatting garment 122 knitted garment 123 garment accessories 130 leather, fur and related products 210 plasthetics |
|
2 |
|
|
Name: |
Niaosong Factory |
|
Address: |
Bldg A, No.127, Zhengbei 5th Road, Sanmin Li, Yongkang District, Tainan City, Taiwan |
|
Telephone Number: |
+886-6-242-0633 |
|
Fax Number: |
+886-6-242-0649 |
|
Date of Foundation: |
1998-1-13 |
|
Date of Registration: |
1998-7-6 |
|
Factory Registration Number: |
99656324 |
|
Factory Manager: |
Dengbo Xiao |
|
Status: |
In Production |
|
Date of Last
Annual Return: |
2013-6-19 |
|
Major Products: |
111 spinning 220 plasthetics 332 medical equipment and supplies |
Major Related Companies
|
Dongguan Nanguang Rubber & Plastics Products Co., Ltd. (Dongguan City, China) Dongguan Nande Rubber & Plastics Products Co., Ltd. (Dongguan City, China) Shanghai Nande Textile Science & Technology Co., Ltd. (Shanghai City, China) Dongguan Nanxiang Sporting Products Co., Ltd. (Dongguan City, China) Dongguan Nanliang Rubber Products Co., Ltd. (Dongguan City, China) Jiaxing Nanxiong High Polymer Materials Co., Ltd. (Taiwan) Glomex Inc. (USA) |
Major Shareholders
|
Name |
Subscription Shares |
|
Dengbo Xiao |
|
|
10,984,061 |
|
|
Chonghu Xiao |
1,695,000 |
|
Chunchi Hong |
3,705,939 |
|
Quancheng Wang |
407,000 |
|
Yuli Lai |
339,000 |
|
Jiasheng Gu |
678,000 |
Core Management
Directors
|
1 |
||
|
Name |
Dengbo Xiao |
|
|
Position |
Board Chairman |
|
|
2 |
||
|
Name |
Chonghu Xiao |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Chunchi Hong |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Quancheng Wang |
|
|
Position |
Director |
|
|
5 |
||
|
Name |
Yuli Lai |
|
|
Position |
Director |
|
|
6 |
||
|
Name |
Jiasheng Gu |
|
|
Position |
Supervisor |
|
Personnel Structure
|
Total Employees |
About 500 Employees (Company) About 15,000 Employees (Group) |
Offices & Factories
|
|
Headquarters |
|
Add |
No.10 Lane 41 Chou-Wei St. Yen-Chou Li, Yung Kang Dist., Tainan City, Taiwan, R.O.C. |
Production Information
Subject is engaged in manufacturing of textile materials, etc.
Subject has factories in Tainan City, Taiwan for production.
Subject obtained the certification of ISO 9001:2008.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
C301010 |
Spinning industry |
|
C302010 |
Weaving industry |
|
C303010 |
Non weaving industry |
|
C306010 |
Garment industry |
|
C399990 |
Manufacturing of other textile products |
|
C402030 |
Manufacturing of leather and fur products |
|
C804020 |
Manufacturing of industrial rubber products |
|
C804990 |
Manufacturing of other rubber goods |
|
C805020 |
Manufacturing of plastic film and bag |
|
C805990 |
Manufacturing of other plasthetics |
|
C901010 |
Manufacturing of ceramics and ceramics products |
|
C901020 |
Manufacturing of glass and glass products |
|
C901060 |
Manufacturing of refractory materials |
|
CF01011 |
Manufacturing of medical equipment |
|
CI01020 |
Manufacturing of carpet and felt |
|
CK01010 |
Shoes industry |
|
CM01010 |
Manufacturing of suitcase and bag |
|
CZ99990 |
Manufacturing of other unclassified industrial products |
|
F104110 |
Wholesale of textiles, garments, shoes, hats, umbrellas and accessories |
|
F105050 |
Wholesale of furniture, bedding, kitchen utensil and decoration |
|
F106050 |
Wholesale of glass-ceramic ware |
|
F107170 |
Wholesale of industrial auxiliaries |
|
F107990 |
Wholesale of other chemical products |
|
F108031 |
Wholesale of medical equipment |
|
F109070 |
Wholesale of stationery, musical instrument and recreational supply |
|
F120010 |
Wholesale of refractory material |
|
F199990 |
Other wholesale business |
|
F204110 |
Retail of textiles, garments, shoes, hats, umbrellas and accessories |
|
F205040 |
Retail of furniture, bedding, kitchen utensil and decoration |
|
F207990 |
Retail of other chemical products |
|
F208031 |
Retail of medical equipment |
|
F209060 |
Retail of stationery, musical instrument and recreational supply |
|
F214040 |
Retail of bicycle and related components |
|
F220010 |
Retail of refractory material |
|
F299990 |
Other retail business |
|
F399040 |
No store retail |
|
F401010 |
International trade business |
|
G799990 |
Other supporting and auxiliary transport business |
|
I103060 |
Management consulting business |
|
I199990 |
Other consulting business |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
The raw materials for production are mostly purchased in domestic market.
Subject is engaged in sale of textile materials, etc.
Subject’s major divisions include polymeric foam composites materials, tech textile, fastening-tapes, industrial rubber sponge, tech material and health products, etc.
The products are applied to shoes, garment, sport goods, medical equipment and automotive interior trim, etc.
Subject has its own brands SEAMATE, i-FOAM AND CMATE.
Subject’s sales region covers all over the world.
Subject’s foreign customers include Techniclean Halco Inc, Eastex Products Inc, Entremonde Polyecoaters Ltd and De Calzado Jovical S A., etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw materials |
|
Payment Terms |
Cash, T/T, etc |
Import
Subject has little
import.
Sales
Domestic Markets
|
Product |
Textile materials, etc |
|
Selling Terms |
Cash, T/T, etc |
Export
|
Product |
Textile materials, 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. Wang 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
|
Case Type: |
Chattel Mortgage |
|
File No.: |
064961 |
|
Debtor Name: |
Nam Liong
Enterprise Co., Ltd. |
|
Document Number: |
565493 |
|
Date of
Registration: |
2000-2-19 |
Lawsuit
|
Trial Number: |
2003,Nanjian,594 |
|
Date of Trial: |
2003-4-14 |
|
Reason: |
Payment for goods |
|
Claimant: |
Nam Liong
Enterprise Co., Ltd. |
|
Defendant: |
Shuiying Diving
Equipments Enterprise Company (Literal Translation) |
Interview Details
|
Name |
Ms. Wang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.05 |
|
|
1 |
Rs.99.55 |
|
Euro |
1 |
Rs.78.57 |
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.