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Report Date : |
29.09.2014 |
IDENTIFICATION DETAILS
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Name : |
LONGTECH MACHINERY INDUSTRY CO., LTD. |
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Registered Office : |
No.23, Lane 470, Nanshan Rd., Sec.2, Shanbi Village, Luzhu City, Taoyuan Hsien |
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Country : |
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Date of Incorporation : |
15.07.1992 |
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Com. Reg. No.: |
86792163 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sale of roots blower. |
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No. of Employees : |
60 |
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 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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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
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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.23, Lane 470, Nanshan Rd., Sec.2, Luceu
Hsiang Taoyuan Hsien, Taiwan |
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Supplied Address: |
|
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Telephone Number: |
+886-3-3242370 |
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Fax Number: |
Notes: The exact name and address are as above.
Subject was incorporated on 1992-7-15 with registered
number 86792163 as Joint Stock
Company in Taiwan.
Factory
|
Address: |
No.23, Lane 470, Nanshan Rd., Sec.2, Shanbi Village, Luzhu City,
Taoyuan Hsien |
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Date of
Foundation: |
1992-10-1 |
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Date of
Registration: |
1993-2-9 |
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Factory
Registration Number: |
99686439 |
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Factory Manager: |
Dingcheng Chen |
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Status: |
In production |
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Date of Last Annual Return: |
2003-3-13 |
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Major Products: |
293 General machinery
equipment |
Major Shareholders
|
Name |
Subscription Shares |
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Dingcheng Chen |
26,000 |
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Weiqing Wu |
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6,000 |
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Qiongling Luo |
13,000 |
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Guojiu Luo |
1,000 |
Core Management
Directors
|
1 |
||
|
Name |
Dingcheng Chen |
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Position |
Board Chairman |
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2 |
||
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Name |
Weiqing Wu |
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Position |
Director |
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3 |
||
|
Name |
Qiongling Luo |
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Position |
Director |
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4 |
||
|
Name |
Guojiu Luo |
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Position |
Supervisor |
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Personnel Structure
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Total
Employees |
About 60 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.23, Lane 470, Nanshan Rd., Sec.2, Luceu Hsiang Taoyuan Hsien, Taiwan |
Production Information
l
Subject is engaged in manufacturing of
roots blower, etc.
l
Subject has a factory in Taiwan for
production.
Purchase Information
l
The registered activities of subject:
|
1 |
Lu’s blower, Lu's vacuum pump professional manufacturing
and processing trade business. |
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2 |
Environmental protection machinery equipment and
automation equipment design and manufacture of the processing trade business. |
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3 |
Agent at home and abroad to The relevant
manufacturer’s products distribution business bidding, etc. |
l
The components and raw materials for
production are both purchased at home and abroad.
l
Subject is engaged in sale of roots
blower, etc.
l
The major products sold by the subject are
roots blower, soundproof enclosure, diffuser, biofilm fitter and so on.
l
Subject’s sales regions include
domestic market and abroad, etc.
l
Subject’s major customers are
wastewater treatment enterprises and manufacturers of papers, etc.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Components and
raw materials, etc. |
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Payment Terms |
T/T, Cash, etc. |
2.
Import
|
Products |
Components and
raw materials, etc. |
|
Payment Terms |
L/C, T/T, etc. |
Sales
1.
Domestic Markets
|
Product |
Roots blower,
etc. |
|
Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Roots blower,
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 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
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1 |
|
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Case Type: |
Chattel Mortgage |
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File No.: |
102003 |
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Debtor Name: |
Longtech Machinery Industry Co., Ltd. |
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Document Number: |
09930367730 |
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Date of Registration: |
2010-11-17 |
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Status: |
-- |
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2 |
|
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Case Type: |
Chattel Mortgage |
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File No.: |
104792 |
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Debtor Name: |
Longtech Machinery Industry Co., Ltd. |
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Document Number: |
10030373200 |
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Date of Registration: |
2011-10-6 |
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Status: |
-- |
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3 |
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Case Type: |
Chattel Mortgage |
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File No.: |
108708 |
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Debtor Name: |
Longtech Machinery Industry Co., Ltd. |
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Document Number: |
10231361190 |
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Date of Registration: |
2013-10-25 |
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Status: |
-- |
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4 |
|
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Case Type: |
Chattel Mortgage |
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File No.: |
101221 |
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Debtor Name: |
Longtech Machinery Industry Co., Ltd. |
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Document Number: |
09930338870 |
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Date of Registration: |
2010-9-2 |
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Status: |
-- |
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5 |
|
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Case Type: |
Chattel Mortgage |
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File No.: |
076854 |
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Debtor Name: |
Longtech Machinery Industry Co., Ltd. |
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Document Number: |
09205149650 |
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Date of Registration: |
2003-8-14 |
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Status: |
-- |
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6 |
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Case Type: |
Chattel Mortgage |
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File No.: |
074930 |
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Debtor Name: |
Longtech Machinery Industry Co., Ltd. |
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Document Number: |
09205062730 |
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Date of Registration: |
2003-1-8 |
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Status: |
-- |
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7 |
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Case Type: |
Chattel Mortgage |
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File No.: |
106918 |
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Debtor Name: |
Longtech Machinery Industry Co., Ltd. |
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Document Number: |
10130360230 |
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Date of Registration: |
2012-11-27 |
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Status: |
-- |
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.61.57 |
|
|
1 |
Rs.100.42 |
|
Euro |
1 |
Rs.78.44 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
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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.