|
Report Date : |
26.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
MCSIGN COATING TECHNOLOGY INC. |
|
|
|
|
Registered Office : |
17F-2, No.168, Chien I Rd., Zhonghe Dist.,
New |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
05.02.1988 |
|
|
|
|
Com. Reg. No.: |
22751011 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sale of
polymeric filmic materials and electronics tapes. |
|
|
|
|
No. of Employees : |
100 |
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: |
17F-2, No.168, Chien I Rd., Zhonghe Dist.,
New Taipei City 235, Taiwan (R.O.C.) |
|
Supplied Address: |
7F-2 NO.186, JIAN YI RD., CHUNG HO CITY,
TAIPEI HSIEN, TAIWAN |
|
Telephone Number: |
+886-2-8227-1068 |
|
Fax Number: |
|
|
Email: |
|
|
Website: |
Notes: The exact
name and address are as above.
|
Registered Name: |
Mcsign Coating Technology Inc. |
|
Registered Address: |
17F-2, No.168, Chien I Rd., Zhonghe Dist., New Taipei City 235, Taiwan
(R.O.C.) |
|
Date of Foundation: |
1988-2-5 |
|
Registration Number: |
22751011 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
NTD 213,080,000
(USD 7,244,720) (As of 2014.09, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 213,080,000 (USD 7,244,720) |
|
Legal Representatives: |
Chunjin Zhou |
|
Legal Form: |
|
|
Principal Activities: |
Manufacturing
and sale of polymeric filmic materials and electronics
tapes. |
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject was incorporated on
1988-2-5 with registered number 22751011 as Joint Stock Company in Taiwan.
Change
of Name
|
Former Chinese
Name: |
緯富企業有限公司 |
|
Current Chinese
Name: |
緯富科技工業股份有限公司 |
|
Former English Name: |
Mcsign & Companies Inc. |
|
Current English Name: |
Mcsign Coating Technology Inc. |
Factory
|
Address: |
No.690,692,694,694-1,
Sec 3, Kangzhuang Road, Daxi Town, Taoyuan County, Taiwan |
|
Date
of Registration: |
2005-4-19 |
|
Factory
Registration Number: |
99688328 |
|
Factory Manager: |
Chunjin
Zhou |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2011-4-21 |
|
Major Products: |
220
plastic products |
Major Shareholders
|
Name |
Subscription Shares |
|
Chunjin Zhou |
10,769,400 |
|
Meizhen Chen |
8,510,400 |
|
Zhefan Zhou |
1,014,100 |
|
Shuyu Zhou |
1,014,100 |
Core Management
Directors
|
1 |
||
|
Name |
Chunjin
Zhou |
|
|
Position |
Board Chairman |
|
|
2 |
||
|
Name |
Meizhen
Chen |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Zhefan
Zhou |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Shuyu
Zhou |
|
|
Position |
Supervisor |
|
Personnel Structure
|
Total Employees |
About 100 Employees |
|
|
Headquarters |
|
Add |
17F-2, No.168, Chien I Rd., Zhonghe Dist., New Taipei City 235, Taiwan
(R.O.C.) |
Production Information
l
Subject is engaged in manufacturing of polymeric filmic materials and electronics
tapes, etc.
l
Subject has a factory in Taoyuan County,
Taiwan for production.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
import and export of dye |
|
-- |
import and export of adhesive, paper and its
related materials |
|
-- |
General import and export business (except future
goods) (besides licensed business,) |
|
-- |
As an agent assists in developing quoting,
bidding and distributing about home and abroad companies’ products |
|
C802160 |
Manufacturing of scotch tape |
|
C805050 |
Manufacturing of industrial plastic product |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The raw materials for production are mostly
purchased in domestic market.
l
Subject is engaged in sale of polymeric filmic materials and electronics
tapes, etc.
l
Subject’s products are applied to
digital outdoor/ indoor media, cold lamination film and pressure sensitive printing
vinyl, etc.
l
Subject’s sales regions include Asia,
Europe, America, etc.
l
Subject’s major customers are Tape
& Technologies Inc and Arlon Graphics, Llc, etc.
Import
and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Raw
materials, etc |
|
Payment Terms |
Cash, T/T, etc |
2.
Import
Subject has
little import.
Sales
1.
Domestic Markets
|
Product |
Polymeric filmic materials, etc |
|
Selling Terms |
Cash, T/T, etc |
2.
Export
|
Product |
Polymeric filmic materials, etc |
|
Selling Terms |
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. Chen 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. Chen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.02 |
|
|
1 |
Rs.99.42 |
|
Euro |
1 |
Rs.77.84 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
PDT |
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.