|
Report No. : |
315045 |
|
Report Date : |
03.04.2015 |
IDENTIFICATION DETAILS
|
Name : |
INTELLIGENT PRECISION TECHNOLOGY CORP. |
|
|
|
|
Registered Office : |
2FL., NO.18, Alley 7, Lane 197, Shangren
St., Sinfong Township, Hsinchu County 304,Taiwan, R.O.C. |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
22.05.2002 |
|
|
|
|
Com. Reg. No.: |
79965386 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Trading of Machines and Components |
|
|
|
|
No. of Employees : |
About 10 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Taiwan |
A2 |
A1 |
|
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.18, Alley 7,
Lane 197, Shangren St., Sinfong Township, Hsinchu County 304,Taiwan, R.O.C. |
|
Supplied Address: |
No.18, Alley 7, Lane 197, Shangren St.,
Sinfong Township, Hsinchu County 304 |
|
Telephone Number: |
+886-3-559-9108 |
|
Fax Number: |
Note: The exact name and address are as above.
|
Registered Name: |
Intelligent Precision Technology Corp. |
|
Registered Address: |
2FL., NO.18, Alley 7, Lane
197, Shangren St., Sinfong Township, Hsinchu County 304,Taiwan, R.O.C. |
|
Date of Foundation: |
2002-5-22 |
|
Registration Number: |
79965386 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
(As of 2015.4, 1 NTD = 0.032 USD) |
|
Paid-up Capital: |
NTD 10,000,000 (USD 320,000) |
|
Shuyuan Zhangyang |
|
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated
on 2002-5-22 with registered number 79965386
as Joint Stock Company in Taiwan.
Change of Name
|
Former Chinese Name: |
永智機械有限公司 |
|
Current Chinese Name: |
永智精密科技股份有限公司 |
|
Former English Name: |
Intelligent Precision Technology Corporation |
|
Current English Name: |
Intelligent Precision Technology Corp. |
Major related Company
|
Name: |
Intelligent Precision Technology (Huizhou)
Ltd. (literal translation) |
|
Address: |
10F-5, A Building Ren Le Ju, No.2
Sanxinnan Road, Huizhou City, Guangdong Province, China |
|
Date of Foundation: |
2009-04-01 |
|
Registration Number: |
441300000070172 |
|
Registry: |
Administrative Bureau For
Industry And Commerce of Huizhou |
|
Registered Capital: |
CNY 100,000 (USD
16,320) (As of 2015.4, 1 NTD = 0.1632 USD) |
|
Legal Representatives: |
Qiyong Tao |
|
Principal Activities: |
Trading and maintenance of industrial automation equipment |
|
Telephone Number: |
+86-752-783-0602 |
|
Fax Number: |
+86-752-783-0603 |
Major Shareholders
|
Name |
Subscription Shares |
|
Shuyuan Zhangyang |
500,000 |
|
Ruimin Zhang |
|
|
500,000 |
Core Management
Directors
|
1 |
||
|
Name |
Shuyuan Zhangyang |
|
|
Position |
Director |
|
|
2 |
||
|
Name |
Ruimin Zhang |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Suling Li |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Jiafang Wang |
|
|
Position |
Supervisor |
|
Personnel Structure
|
Total Employees |
About 10 employees |
Offices & Factories
|
|
Headquarters |
|
Add |
NO.18, Alley 7, Lane 197, Shangren St., Sinfong Township, Hsinchu County
304,Taiwan, R.O.C. |
Production Information
Subject is a trader of machines and components.
It is introduced that subject has a related factory in Huizhou,
Guangdong Province, China for production.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or
restricted. |
It is introduced that subject’s products are purchased from home and
abroad, such as Japan, etc.
Subject is engaged in sale of machines and
components
Subject’s major products include vertical spraying machine, one-arm,
ladling machine, automatic extracting machine, conveyor and so on.
Subject sells the brands of UBE, ASK, YAMATAKE, DOSMATIC and KAMUI.
Subject’s sales regions include domestic market, Japan and South Korea.
It is introduced that subject’s major types of customers are retailers
of machines, manufactures of food and repair plants.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
|
|
Payment Terms |
T/T, Cash |
Import
|
Products |
Machines and components |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Machines and components |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Machines and components |
|
Selling Terms |
L/C, T/T |
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.
|
Name |
Chang Hwa Commercial Bank |
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. Wang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.59 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.67.51 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.