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Report Date : |
23.09.2014 |
IDENTIFICATION DETAILS
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Name : |
JIH CHENG MACHINERY TECHNOLOGIES CO., LTD. |
|
|
|
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Registered Office : |
8F., No.124, Sec. 1, Zhongshan Rd., Shulin Dist., New Taipei City 23844, |
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Country : |
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Date of Incorporation : |
27.12.2013 |
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Com. Reg. No.: |
54689336 |
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Legal Form : |
Private Limited Liability Company |
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|
|
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Line of Business : |
Trading of
machines |
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|
|
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No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
-- |
NB |
New Business |
-- |
|
|
Status : |
New Business |
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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 |
|
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: |
JIH CHENG MACHINERY TECHNOLOGIES CO., LTD. |
|
Supplied Name: |
JIH CHENG MACHINERY TECHNOL- |
|
Trading Address: |
7F, No.502, Dah An
Rd., Shulin Dist., New Taipei City 238, Taiwan (R.O.C.) |
|
Supplied Address: |
7F NO.502 DA-AN RD
SHU LUN DIST.,NEW TAIPEI CITY TAIWAN |
|
Telephone Number: |
+886-2-2675-8968 |
|
Fax Number: |
+886-2-2675-8229 |
Notes: The exact
name and address are as above.
|
Registered Name: |
JIH CHENG MACHINERY TECHNOLOGIES CO., LTD. |
|
Registered
Address: |
8F.,
No.124, Sec. 1, Zhongshan Rd., Shulin Dist., New Taipei City 23844, Taiwan
(R.O.C.) |
|
Date of
Foundation: |
2013-12-27 |
|
Registration
Number: |
54689336 |
|
Registry: |
New Taipei City
Government |
|
Registered
Capital: |
(As of 2014.09, 1
NTD = 0.0340 USD) |
|
Legal
Representatives: |
Boqiang
Lin |
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 2013-12-27
with registered number 54689336
as Private Limited Liability Company in Taiwan.
Related Companies
|
1 |
|
|
Registered Name: |
Jih Cheng
Machinery Manufacturing Co., Ltd. |
|
Registered
Address: |
7F-3, No.502, Dah
An Rd., Shulin Dist., New Taipei City 238, Taiwan (R.O.C.) |
|
Registration
Number: |
33995106 |
|
Legal
Representatives: |
Jihua
Lin |
|
Legal Form: |
Private Limited Liability
Company |
|
Listed at Stock Exchange: |
No |
|
2 |
|
|
Registered Name: |
Shanghai Jih Cheng
Machinery Co., Ltd. (Literal Translated) |
|
Registered
Address: |
Room 3019, No.369,
Lianyou Road, Minhang District, Shanghai City, China |
|
Date of
Foundation: |
2002-3-27 |
|
Registration
Number: |
310112000351166 |
|
Registered
Capital: |
CNY 2,000,000 |
|
Legal
Representative: |
Xiaoli Pan |
Major Shareholders
|
Name |
Subscription Amount |
| Boqiang Lin |
7,200,000 |
Core Management
|
Name |
Boqiang Lin |
|
Position |
Director |
|
|
Headquarters |
|
Add |
7F, No.502, Dah An Rd., Shulin Dist., New Taipei City 238, Taiwan (R.O.C.) |
Production Information
Subject is a trader of machines,
etc without any production activities.
Subject’s related company in
Taiwan is engaged in manufacturing.
Purchase Information
The registered activities
of subject:
|
Business Code |
Details |
|
F113010 |
Wholesale of machinery |
|
F113050 |
Wholesale of computer and office equipment |
|
F106010 |
Wholesale of ironware |
|
F106030 |
Wholesale of mould |
|
F113990 |
Wholesale of other mechanical appliance |
|
F206010 |
Retail of ironware |
|
F213030 |
Retail of computer and office equipment |
|
F213080 |
Retail of mechanical appliance |
|
Retail of other mechanical appliance |
|
|
F401010 |
International trade business |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
Subject’s purchases products
mainly from its related company in Taiwan.
Subject
is engaged in sale of machines, etc.
Subject’s major types of customers
are food manufacturers and pharmaceutical factories.
Subject’s sales regions include Asia,
Europe and America, etc.
The general delivery lead time of
subject is about 4~8 weeks.
Major Products
|
1 |
Automatic Horizontal Cartoning Machine |
|
2 |
Automatic Filling Plugging And Overcapping Machine |
|
3 |
Automatic Liquid Filling Machine |
|
4 |
Automatic Powder Filling Machine |
|
5 |
Automatic Capping Machine |
|
6 |
Automatic Labeling Machine |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Machines, etc |
|
Payment Terms |
Interior
Settlement, T/T, etc |
Import
Subject has little
import.
Sales
Domestic Markets
|
Product |
Machines, etc |
|
Selling Terms |
Cash, 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 Mr. Lin 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 |
Mr. Lin |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.78 |
|
|
1 |
Rs.99.27 |
|
Euro |
1 |
Rs.78.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.