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Report No. : |
319264 |
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Report Date : |
29.04.2015 |
IDENTIFICATION DETAILS
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Name : |
ZENTRO CO., LTD. |
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Registered Office : |
2F, No.5, Alley 8, Lane 104,Jhongrong St., Xinzhuang Dist., New Taipei City 242 |
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Country : |
Taiwan |
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Date of Incorporation : |
21.05.2002 |
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Com. Reg. No.: |
79964372 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturing and sales of screw heading machines |
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No of Employees : |
About 10 Employees |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Taiwan |
A2 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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. However, negotiations on follow-on components of ECFA, including an agreement on trade in services, deals on trade in goods, and dispute resolution—have stalled. In early 2014, the government bowed to public demand for a new law governing the oversight of cross-Strait agreements, before any additional deals with China are implemented; the legislature has yet to vote on such legislation, leaving the future of ECFA up in the air as President MA enters his final full year in office. MA has portrayed ECFA as Taiwan’s key to greater participation in East Asia’s free trade networks. 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 expected to account for 20% of the island's total population by 2025. The island runs a trade surplus, largely because of its surplus with China, and its foreign reserves are the world's fourth largest, behind those of China, Japan, and Russia. 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, the 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 has helped Taiwan develop into a local RMB hub. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also pose new challenges as the island becomes more economically dependent on China at a time when political differences remain unresolved. During 2014, the press paid increasing attention to domestic economic issues while pushing aside the debates over trade liberalization that were a hallmark of MA’s tenure. The media focused on the divide between Taiwan’s “haves” and “have nots,” providing extensive coverage of public frustration with stagnant wages, skyrocketing housing prices, and the difficulty of finding entry-level jobs.
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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. 210, Ren Ai
Rd., Bali District, New Taipei, Taiwan, 24944. |
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Supplied Address: |
No. 210, Ren Ai
Road. Bali District New Taipei / Taiwan, 24944 |
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Telephone Number: |
+886-2-2610-6539 |
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Fax Number: |
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E-mail: |
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Credit Opinion: |
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Registered Name: |
Zentro Co., Ltd. |
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Registered Address: |
2F, No.5, Alley 8, Lane 104,Jhongrong St.,
Xinzhuang Dist., New Taipei City 242, Taiwan (R.O.C.) |
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Date of Foundation: |
2002-05-21 |
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Registration Number: |
79964372 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2015.4, 1 NTD = 0.032 USD) |
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Legal Representatives: |
Xiangmao Lin |
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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: |
Subject was incorporated on 2002-05-21 with registered number 79964372 as Private Limited Liability Company in Taiwan.
Factory
|
Address: |
No.210, Ren Ai Rd., Bali Dist., New Taipei
City, Taiwan (R.O.C.) |
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Date of Registration: |
2014-08-11 |
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Factory Registration Number: |
65003319 |
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Factory Manager: |
Xiangmao Lin |
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Status: |
In Production |
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Date of Last Annual Return: |
2014-08-11 |
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Major Products: |
291 Metal processing machinery equipment |
Major Shareholder
|
Name |
Subscription Amount |
|
Xiangmao Lin |
3,000,000 |
Core Management
Director
|
Name |
Xiangmao Lin |
|
Position |
Director |
Personnel Structure
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Total Employees |
About 10 Employees |
Offices & Factories
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Headquarters |
|
Add |
No. 210, Ren Ai
Rd., Bali District, New Taipei, Taiwan, 24944. |
Production Information
l
Subject is engaged in manufacturing of screw
heading machines, etc.
l
Subject has a factory in Taiwan for production.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
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E303010 |
Air pollution control engineering |
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E604010 |
Machinery installation industry |
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F113990 |
Other mechanical appliances wholesaling |
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F113100 |
Pollution control equipment wholesaling |
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EZ15010 |
Heat and cold insulation installation engineering |
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E599010 |
Piping engineering |
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E603050 |
Automatic control equipment engineering |
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F113010 |
Machinery wholesaling |
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F106010 |
Hardware wholesaling |
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F113020 |
Electrical appliance wholesaling |
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F119010 |
Electrical materials wholesaling |
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F106020 |
Daily supplies wholesaling |
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F206010 |
Hardware retailing |
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F213080 |
Mechanical equipment retailing |
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F213010 |
Electrical appliance retailing |
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F219010 |
Electrical materials retailing |
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F401010 |
International trade |
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F108040 |
Cosmetics wholesaling |
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F208040 |
Cosmetics retailing |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
l The components and
raw materials for new machine production are mostly purchased from Taiwan.
l It is introduced
that subject purchases some used machines both from domestic market and abroad.
l Subject is engaged
in sales of screw heading machines, etc.
l The major products
are screw heading machine, thread rolling machine, bolt former, nut former,
screw-head slotter, nut tapping machine, screw-point cutting machine and so on.
l It is introduced
that subject also sells the used machines after recondition.
l Subject can
provide recondition services, etc. for customers.
l Subject’s sales regions
include domestic markets, Thailand, Malaysia, Indonesia and Russia, etc.
l It is introduced
that subject’s export percentage is about 70%.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
1.
Domestic Purchase (Taiwan)
|
Products |
Raw materials, components, etc. |
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Payment Terms |
T/T, Cash, etc. |
2.
Import
|
Products |
Used machinery equipment, etc. |
|
Payment Terms |
L/C, T/T, etc. |
Sales
1.
Domestic Markets
|
Product |
Screw heading machines, etc. |
|
Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Screw heading 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 declined to disclose its financials citing the grounds of company’s confidentiality; from other sources we could not obtain such information, either.
|
Name |
Mega International 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. Cai |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.33 |
|
|
1 |
Rs. 96.51 |
|
Euro |
1 |
Rs. 68.92 |
INFORMATION DETAILS
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Analysis Done by
: |
KRN |
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Report Prepared
by : |
DPT |
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 |
|
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 |
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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 |
-- |
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.