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Report No. : |
335551 |
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Report Date : |
06.08.2015 |
IDENTIFICATION DETAILS
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Name : |
YING LIN MACHINE INDUSTRIAL CO., LTD. |
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Registered Office : |
No.46, Hwan Gong Rd., Yongkang
Dist., Tainan City 710, Taiwan (R.O.C.) |
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Country : |
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Date of Incorporation : |
19.05.1986 |
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Com. Reg. No.: |
22131688 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and |
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No. of Employees : |
About 200 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 120,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Taiwan |
A1 |
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.
However, follow-on components of ECFA, including a signed agreement on trade in
services, negotiations 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 under
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 fifth largest, behind those of China, Japan,
Saudi Arabia, 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, 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
decent 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.46, Hwan Gong
Rd., Yongkang Dist., Tainan City 710, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
Note: The exact address is as above.
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Credit Rating: |
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Registered Name: |
Ying Lin Machine Industrial Co., Ltd. |
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Registered Address: |
No.46, Hwan Gong Rd., Yongkang
Dist., Tainan City 710, Taiwan (R.O.C.) |
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Date of Foundation: |
1986-5-19 |
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Registration Number: |
22131688 |
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Registry: |
Tainan City Government |
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Registered Capital: |
NTD 100,000,000
(USD 3,210,000) (As of 2015.8, 1 NTD = 0.0321 USD) |
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Paid-up Capital: |
NTD 100,000,000 (USD 3,210,000) |
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Legal Representatives: |
Bingkun Hu |
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Legal Form: |
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Principal Activities: |
Manufacturing
and sale of metal tube bender. |
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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 1986-5-19 with registered number 22131688
as Joint Stock Company in Taiwan.
Factories
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1 |
|
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Address: |
No. 104, Lane 125, Alley 318, Sec. 2, Anhe
Rd., Xinshun Li, Annan
Dist., Tainan City, Taiwan |
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Date of Foundation: |
1988-5-13 |
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Date of Registration: |
1989-6-29 |
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Factory Registration Number: |
99673253 |
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Factory Manager: |
Bingkun Hu |
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Status: |
In production |
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Date of Last Annual Return: |
2001-9-17 |
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Major Products: |
291 mechanical equipment for metal processing |
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2 |
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Name: |
Yongkang Plant |
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Address: |
Block A, No. 46, Hwan Gong
Rd., Yongkang Dist., Tainan
City 710, Taiwan (R.O.C.) |
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Date of Foundation: |
2000-8-1 |
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Date of Registration: |
2000-8-15 |
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Factory Registration Number: |
99660164 |
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Factory Manager: |
Bingkun Hu |
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Status: |
In production |
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Date of Last Annual Return: |
2008-2-26 |
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Major Products: |
293 general mechanical equipment |
Related Companies
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1 |
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Name |
Ying Han Technology Co., Ltd. (literal translation) |
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Address |
No.50, Tech. 1st Rd., Annan Dist., Tainan City 709, Taiwan |
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Tel: |
+886-6-384 3188 |
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Fax |
+886-6-384 3205 |
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E-mail: |
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Website |
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2 |
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Name |
Tianjin Ying Han Technology Co., Ltd. (literal
translation) |
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Address |
No. 1, Longhuai Rd., Shuangjie
Town, Beichen Dist., Tianjin,
China |
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Tel: |
+86 1378 8985 895 |
Major Shareholders
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Name |
Subscription Shares |
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Bingkun Hu |
30,861 |
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Bingnan Hu |
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|
31,050 |
|
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Yanyan Weng |
13,565 |
Core Management
Directors
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1 |
||
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Name |
Bingkun Hu |
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Position |
Board Chairman |
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2 |
||
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Name |
Bingnan Hu |
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Position |
Director |
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3 |
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Name |
Yanyan Weng |
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Position |
Director |
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4 |
||
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Name |
Shuhui Hu |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 200 employees |
Offices & Factories
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Headquarters |
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Add |
No.46, Hwan Gong Rd., Yongkang Dist., Tainan City 710, Taiwan (R.O.C.) |
Subject is engaged in manufacturing of metal tube bender.
Subject has factories in Taiwan for production.
It is introduced that subject obtained the certifications of ISO9001, CE
and EMC.
It is introduced that the production capacity of subject’s group are as
following:
Unit: Set
|
Product |
production capacity/month |
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Full auto tube bender (CNC) |
30 |
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Semi-auto tube bender (NC) |
36 |
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Conventional tube bender (CR) |
36 |
Purchase Information
The registered activities of subject:
|
1 |
Manufacture, installation, processing and
sales of Hydraulic machinery, Air pressure machinery, automatic control
machinery, machinery pipe benders and plastic machinery and components. |
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2 |
Manufacture, installation, processing and
sales of Household hardware (metal furniture, sports equipment) |
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3 |
Import and export trading business of the
above mentioned business |
The components and raw material for production are mostly purchased in domestic
market.
Subject is engaged in sale of metal tube bender.
The major products sold by the subject are CNC / NC / CR tube benders,
Tube end-forming machine, cutting machine, CNC wire Bender and Tube related
machinery.
Subject’s products are mainly applied in auto parts, sports equipment and furniture.
Subject’s sales regions cover Mainland China, Southeast Asia, USA,
Mexico, Poland, and India.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Products |
Raw material |
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Payment Terms |
T/T, Cash |
Import
Subject has little import
Sales
Domestic Markets
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Product |
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Selling Terms |
T/T, Cash |
Export
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Product |
Metal tube benders |
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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.
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Name |
Taiwan 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. Su |
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Department |
Sales Department |
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E-mail |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.82 |
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|
1 |
Rs.99.15 |
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Euro |
1 |
Rs.69.31 |
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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Report Prepared
by : |
TPT |
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.