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Report No. : |
353212 |
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Report Date : |
08.12.2015 |
IDENTIFICATION DETAILS
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Name : |
COPOWER TECHNOLOGY CO., LTD. |
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Registered Office : |
No.341, Fude 1st Rd., Xizhi Dist., New Taipei City 221 (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
05.03.1990 |
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Com. Reg. No.: |
23631985 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Design, Manufacturing and Sale of Automatic Machines. |
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No. of Employees : |
About 60 Employees (Taiwan) |
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
|
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: |
Copower Technology Co., Ltd. |
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Supplied Name: |
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Trading Address: |
No.341,Fude 1st
Rd., Xizhi Dist., New Taipei City 221, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-2-2694-5880 |
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Fax Number: |
Note: The exact name and
address are as above.
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Registered Name: |
Copower Technology Co., Ltd. |
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Registered Address: |
No. 341,Fude 1st Rd., Xizhi Dist., New
Taipei City 221, Taiwan (R.O.C.) |
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Date of Foundation: |
1990-3-5 |
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Registration Number: |
23631985 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2015.12, 1 NTD = 0.0305 USD) |
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Paid-up Capital: |
NTD 29,200,000 (USD 890,600) |
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Legal Representatives: |
Junjie Gao |
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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 1990-3-5 with registered number 23631985 as Joint Stock Company in
Taiwan.
Factory
|
Address: |
1/F., No. 341, Fude 1st Rd., Xizhi Dist.,
New Taipei City 221, Taiwan (R.O.C.) |
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Date of Registration: |
2005-8-16 |
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Factory Registration Number: |
99694462 |
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Factory Manager: |
Junjie Gao |
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Status: |
In production |
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Date of Last Annual Return: |
2015-8-20 |
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Major Products: |
275 Measurement, navigation and control equipment and clock |
Office
|
Name |
Taoyuan office |
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Address |
3/F-4, No. 94, Housheng Rd., Luzhu Village, Taoyuan, Taiwan |
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Tel. Number |
+886-3-312-5921 |
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Fax Number |
+886-3-312-5925 |
Major Related Company
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Name |
He Cheng Yi Precision Instrument (Shanghai) Co. Ltd. (literal
translation) |
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Address |
Room 102, Building 19, No. 25, Cangwu Rd. Xuhui Dist., Shanghai, China
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Tel. Number |
+86-21-6125-1689 |
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Fax Number |
+86-21-6461-3833 |
Major Shareholders
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Name |
Subscription Shares |
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Junjie Gao |
87,500 |
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Wenxiong Lin |
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195,000 |
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Yibin Chen |
267,000 |
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Yanru Chen |
90,000 |
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Tianhe Xu |
245,000 |
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Guizhu Lin |
255,000 |
Core Management
Directors
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1 |
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Name |
Junjie Gao |
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Position |
Board Chairman |
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2 |
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Name |
Wenxiong Lin |
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Position |
Director |
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3 |
||
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Name |
Yibin Chen |
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Position |
Director |
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4 |
||
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Name |
Yanru Chen |
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Position |
Director |
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5 |
||
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Name |
Tianhe Xu |
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Position |
Director |
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6 |
||
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Name |
Guizhu Lin |
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Position |
Supervisor |
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Personnel
Structure
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Total Employees |
About 60 employees (Taiwan) |
Offices &
Factories
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|
Headquarters |
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Add |
No.341,Fude 1st Rd., Xizhi Dist., New Taipei City 221, Taiwan (R.O.C.) |
Production
Information
Subject is engaged
in manufacturing of automation
equipment, etc.
Subject has a
factory in Taiwan for production.
Purchase
Information
The registered
activities of subject:
|
Business Code |
Details |
|
1 |
Design, manufacturing and sale of computer test instrument,
computerized industrial automatic control instrument, computer network control
system, computerized color control system, computerized scientific
instruments, computer use detector, converter, controller, computerized
production equipment, electrochemical information systems and electronic
components |
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2 |
Trading of all the above products |
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3 |
As an agent assists in developing quoting, bidding
and distributing about home and abroad companies' products. |
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I301010 |
IT software
services |
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F401010 |
International trade |
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IG01010 |
Biological technology services |
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ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
The components and
raw material for production are mostly purchased in Taiwan domestic market.
Subject is engaged in sale of automatic
machines, etc.
The major products
sold by the subject are dye liquor titration machine, dye liquor making
machine, test machine, paste mixer machine and other machines in laboratory,
etc.
Subject’s sales
regions include Taiwan domestic market, Mainland China, other Asia regions,
America and Europe, etc.
Subject’s major
customers are dyeing and finishing
factories, etc.
The general
delivery lead time of subject is about 45-60 days.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic
Purchase
|
Products |
Raw material, etc. |
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Payment Terms |
T/T, Cash, etc. |
Import
Subject has little import.
Sales
Domestic Markets
|
Product |
Automatic machines, etc. |
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Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Automatic machines, etc. |
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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.
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
|
Name |
Ms. Huang |
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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.66.63 |
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|
1 |
Rs.100.65 |
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Euro |
1 |
Rs.72.40 |
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TWD |
1 |
Rs.2.03 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
KAS |
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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.