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Report No. : |
336502 |
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Report Date : |
18.08.2015 |
IDENTIFICATION DETAILS
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Name : |
SHINI PLASTICS TECHNOLOGIES, INC. |
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Formerly Known As : |
SHINI ELECTRIC HEATERS CO., LTD. |
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Registered Office : |
No.23, Minhe St., Shulin Dist., New Taipei
City 238, (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
14.07.1978 |
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Com. Reg. No.: |
35914240 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Sales of Related Machinery
for Plastics. |
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No. of Employees : |
About 1,000 Employees (Group) |
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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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
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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. 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 the ECFA, including a signed agreement on trade in services and negotiations on trade in goods and dispute resolution, have stalled. In early 2014, the government bowed to public demand and proposed 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 nearly 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 (MOU) 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 Taiwan’s 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.23, Minhe
St., Shulin Dist., New Taipei City 238, Taiwan (R.O.C.) |
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Supplied Address: |
NO.23,MINHE
ST.,SHULIN DIST. NEW TAIPEI CITY 23852,TAIWAN(R.O.C) |
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Telephone Number: |
+886-2-2680-9119 |
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Fax Number: |
+886-2-2680-9229 |
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E-mail: |
Notes: The exact name and address are as above.
Subject was incorporated on
1978-7-14 with registered number 35914240 as Joint Stock Company in Taiwan.
Change
of Name
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Former English Name: |
Shini Electric Heaters Co., Ltd. |
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Current English Name: |
Shini Plastics Technologies, Inc. |
Factory
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Address: |
No.23 and No.21, Minhe St., Shulin Dist.,
New Taipei City 238, Taiwan (R.O.C.) |
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Date of Registration: |
2003-2-11 |
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Factory Registration Number: |
99619472 |
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Factory Manager: |
Yitian Wu |
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Status: |
In production |
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Date of Last Annual Return: |
2006-2-10 |
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Major Products: |
292 other special developing machinery and equipment 293 general machinery 251 metal hand tool and mold 285 electrical appliance 283 electric wire and wired equipment 289 other electrical equipment |
Major Related
Companies
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1 |
|
|
Name |
Shini Plastics Technologie (Dongguan),
Inc. |
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Address |
9 Shini Road, Dalang, Dongguan, Guangdong Province, China. |
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Telephone Number |
+86-769-8331-3588 |
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Fax Number |
+86-769-8331-3589 |
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Email |
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2 |
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Name |
Shini Plastics Technologies (Ningbo),
Inc. |
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Address |
11 Xuedoushan Road, Daxie Development District, Ningbo, Zhejiang
Province, China. |
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Telephone Number |
+86-574-8671-9088 |
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Fax Number |
+86-574-8676-5988 |
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Email |
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3 |
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Name |
Shini Plastics Technologies (China),
Inc. |
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Address |
2500 Xinkai Road, Pinghu Economic Developing Zone, Zhejiang Province,
China. |
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Telephone Number |
+86-573-8522-5288 |
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Fax Number |
+86-573-8522-5299 |
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Email |
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4 |
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Name |
Shini Plastics Technologies India Pvt. Ltd. |
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Address |
Building No.8A-1 At ‘Kt Industrial Park ll’ On S, NO.15 H, No. 1
Waliv, Vasai, Hane, Maharashtra, India. |
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Telephone Number |
+91-250-3021-166 |
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Fax Number |
+91-250-3021-100 |
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Email |
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5 |
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Name |
Shini Plastic Technologies, Llc |
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Address |
4189 Capital View Drive, Suwanee GA 30024 |
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Telephone Number |
+1-770-831-5959 |
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Fax Number |
+1-770-831-5656 |
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6 |
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Name |
Shini Plastic Technologies, Llc |
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Address |
4189 Capital View Drive, Suwanee GA 30024 |
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Telephone Number |
+1-770-831-5959 |
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Fax Number |
+1-770-831-5656 |
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7 |
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Name |
Shini Germany GMBH |
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8 |
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Name |
Shinizo Hot Runner System. Inc |
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9 |
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Name |
Shinchen Engineering Co., Ltd |
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10 |
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Name |
Shini-Syncro Extrusion Process Control, Inc |
Major Shareholders
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Name |
Subscription
Shares |
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Yitian Wu |
3,600,000 |
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Junrui Wu |
3,200,000 |
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Chongding Wu |
3,200,000 |
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Jianzhou Wu |
3,200,000 |
Core
Management
Directors
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1 |
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Name |
Yifu Wu |
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Position |
Board Chairman |
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2 |
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Name |
Junrui Wu |
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Position |
Director |
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3 |
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Name |
Chongding Wu |
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Position |
Director |
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4 |
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Name |
Jianzhou Wu |
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Position |
Director |
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5 |
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Name |
Peiqi Yu |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
About 1,000 Employees (Group) |
Offices & Factories
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Headquarters |
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Add |
No.23, Minhe St., Shulin Dist., New Taipei City 238, Taiwan (R.O.C.) |
Production Information
· Subject is engaged in manufacturing of related machinery for plastics and etc.
· Subject has a factory in Taiwan and subject’s related companies has factories in India and the mainland of China for production.
· Subject obtained the certification of ISO 9001.
Purchase Information
The registered activities of subject:
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Business Code |
Details |
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Manufacture of all kinds of electric heater and its component |
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Agent manufacturers’ product at home and abroad of sell, bid, offer. Agent for sales, bidding and marking price of domestic and overseas
manufacturers’ |
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Besides licensed business, all other business items those are not
banned or restricted. |
.
Subject purchases its components and etc both at home and abroad.
· Subject is engaged in sale of related machinery for plastics and et
· The major products include drying and dehumidifying machine, feeding and conveying machine, dosing and mixing machine, heating and cooling machine, granulating and recycling machine, CNC auxiliary equipment, related component and parts, etc.
· Subject’s sales regions include Asia, Europe, America and etc.
· Subject’s major customers are manufacturers of plastic items and etc.
· Subject has many customers covering many fields such as SANYO, SIEMS, HAIRER in home appliances manufacturing, HSUFUCHI in food in production, JIN-JIAN, TOYOTA in car manufacturing, FOXCONN in electronics manufacturing and etc.
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 |
Components and etc |
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Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Components and etc |
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Payment Terms |
L/C, T/T and etc |
SALES
Domestic Markets
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Product |
Related machinery for plastics and et |
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Selling Terms |
Cash, T/T and etc |
Export
|
Product |
Related machinery for plastics and et |
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Selling Terms |
L/C, T/T and 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 Ms. Ye 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
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
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Name |
Ms. Ye |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
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|
1 |
Rs.102.23 |
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Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
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.