MIRA INFORM REPORT
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Report No. : |
316017 |
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Report Date : |
09.04.2015 |
IDENTIFICATION DETAILS
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Name : |
PACK LEADER MACHINERY INC. |
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Registered Office : |
No.60, Gongyecyu 32nd Rd., Situn District,
Taichung City 407 |
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Country : |
Taiwan |
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Date of Incorporation : |
03.05.1990 |
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Com. Reg. No.: |
23712868 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sale of packaging
equipment |
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No. of Employee : |
About 40 |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
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Taiwan |
A2 |
A1 |
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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 |
Contact
Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.60, Gongyecyu
32nd Rd., Situn District, Taichung City 407, Taiwan R.O.C. |
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Supplied Address: |
NO. 62-322ND
ROAD TAICHUNG INDUSTRIAL PARK TAICHUNG CITY 40768 TAIWAN |
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Telephone Number: |
+886-4-2359-2366 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above.
Company
Identification Details
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Registered Name: |
Pack Leader Machinery Inc. |
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Registered Address: |
No.60, Gongyecyu 32nd Rd., Situn District,
Taichung City 407, Taiwan R.O.C. |
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Date of Foundation: |
1990-5-3 |
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Registration Number: |
23712868 |
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Registry: |
Taichung City Government |
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Registered Capital: |
(As of 2015.4, 1 NTD = 0.0320 USD) |
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Paid-up Capital: |
NTD 29,500,000 (USD 944,000) |
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Legal Representatives: |
Shunxing Xie |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
History
Subject was incorporated
on 1990-5-3 with registered number 23712868 as Joint Stock Company in Taiwan.
Corporate
Structure
Factory
|
Address: |
No 60, 32nd Road Taichung Industrial Park,
Taichung 407 |
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Date of Registration: |
2005-3-25 |
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Factory Registration Number: |
99702154 |
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Factory Manager: |
Shunxing Xie |
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Status: |
In Production |
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Date of Last Annual Return: |
2005-3-25 |
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Major Products |
293 General machinery and equipment |
Related Companies
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1 |
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Name |
Pack Leader USA, Llc |
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Address |
3951 East 137th Terrace Grandview, MO 64030 USA |
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Telephone number |
+1-816-581-4330 |
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Fax number |
+1-816-581-4338 |
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Email |
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2 |
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Name |
Pack Leader Machinery Inc., India |
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Address |
#141/5 "Lilavati Smruti Vihar" above Goa State Co-op bank
Murdi, Cansaulim Goa-403712 |
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Telephone number |
+91-832-322-1538 |
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Fax number |
+91-832-288-4355 |
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Email |
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Shareholders
Major Shareholders
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Name |
Subscription Shares |
|
Shunxing Xie |
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1,475,000 |
|
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Yuexia Guo |
1,325,000 |
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Peishan Xie |
50,000 |
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Shanghua Xie |
50,000 |
Management
Information
Core Management
Directors
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1 |
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Name |
Shunxing Xie |
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Position |
Board Chairman |
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2 |
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Name |
Yuexia Guo |
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Position |
Director |
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3 |
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Name |
Peishan Xie |
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Position |
Director |
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4 |
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Name |
Shanghua Xie |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
About 40 Employees |
Operation
Information
Offices & Factories
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Headquarters |
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Add |
No.60, Gongyecyu
32nd Rd., Situn District, Taichung City 407, Taiwan R.O.C. |
Production Information
Subject is engaged in manufacturing of packaging equipment
Subject has a factory in Taiwan for production.
Subject obtained the certification of ISO9001, ISO9002.
Purchase Information
The registered activities of subject:
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No. |
Details |
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1 |
All kinds of filling machines, packing machines, labeling machines and
its related components manufacturing, processing and buying and selling
business |
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2 |
All kinds of machinery and its relevant zero, components,
manufacturing, processing and buying and selling business |
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3 |
All kinds of mechanical materials, mold, hardware tools manufacturing,
processing and buying and selling business |
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4 |
All related products import and export trade business |
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5 |
General import and export trade business (except futures) |
It is introduced that subject’s components and raw materials for
production are both purchased home and abroad like Japan and Germany.
Sales Information
Subject is mainly engaged in sales of
packaging equipment
The major products include sealing machine, Capping Machine, labeling
machine, cartooning machine, automatic filling machine
It is introduced subject also provide OEM and ODM services for
customers.
Subject’s major sales regions include domestic market, Southeast Asia,
USA, Europe
The major customers of the subject are Manufacturers, resellers of
packaging equipment
It is introduced that one of cooperated companies of the subject is
Speedway Packaging Machinery Inc.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Products |
Components and raw materials |
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Payment Terms |
T/T, Cash |
Import
|
Products |
Components and raw materials |
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Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Packaging equipment |
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Selling Terms |
T/T, Cash |
Export
|
Product |
Packaging equipment |
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Selling Terms |
L/C, T/T |
Financial
Information
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.
Bankers
Subject declined to disclose its bank details; from other source we
could not obtain the relevant information, either.
Public
Record
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.
Special
Note
Interview Details
|
Name |
Ms. Zhang |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.33 |
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|
1 |
Rs.92.53 |
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Euro |
1 |
Rs.67.60 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
ANK |
RATING EXPLANATIONS
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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.