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Report No. : |
306447 |
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Report Date : |
05.02.2015 |
IDENTIFICATION DETAILS
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Name : |
HARDINGE MACHINE TOOLS B.V., TAIWAN BRANCH (NETHERLANDS) |
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Registered Office : |
No.4, Zihciang 3rd Rd., Nantou City,
Nantou County 540 |
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Country : |
Taiwan |
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Date of Incorporation : |
13.10.2008 |
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Com. Reg. No.: |
28439919 |
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Legal Form : |
Branch of Hardinge Machine Tools B.V. |
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Line of Business : |
Manufacturing and Sale of Machinery |
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No of Employees : |
50 Employees |
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 – December 31, 2014
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Country Name |
Previous Rating (30.09.2014) |
Current Rating (30.12.2014) |
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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. 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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.4, Zihciang 3rd Rd., Nantou City, Nantou County 540, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-49-226-0536 |
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Fax Number: |
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Email: |
Notes: The exact name and address are as above.
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Registered Name: |
Hardinge Machine Tools B.V., Taiwan Branch (Netherlands) |
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Registered
Address: |
No.4, Zihciang 3rd Rd., Nantou City, Nantou County 540,
Taiwan (R.O.C.) |
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Date of
Foundation: |
2008-10-13 |
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Registration
Number: |
28439919 |
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Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
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In the Republic
of China Operating Funds: |
(As of 2014.12, 1 NTD = 0.0329 USD) |
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Litigation
and Non-litigation Agent's Name:: |
Edward J Gaio |
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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 2008-10-13 with registered number 28439919 as a Branch of
Hardinge Machine Tools B.V. in Taiwan.
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Name |
Hardinge Machine Tools B.V. |
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Place of Origin |
Netherlands |
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% of investment |
100% |
Parent Company
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Name |
Hardinge Machine Tools B.V. |
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Place of Origin |
Netherlands |
Factory
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Address: |
No.4, Zihciang 3rd Rd., Nantou City,
Nantou County 540, Taiwan (R.O.C.) |
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Date
of Foundation: |
1998-12-2 |
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Factory
Registration Number: |
99652309 |
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Factory
Manager: |
Minghui
Qiu |
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Status: |
In
Production |
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Date
of Last Annual Return: |
2012-11-22 |
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Main
Products: |
Other
special machinery equipment |
Branch
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Name |
Taiwan Branch |
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Registration Number |
28439919 |
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Date of Registration |
2008-10-13 |
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Status |
Live
Company |
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Manager Name |
James P. Langa |
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Date of Last Annual Return |
2012-6-22 |
Related Companies
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1 |
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Name |
Hardinge Inc. |
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Address |
One Hardinge
Drive, Elmira, NY 14902-1507 USA |
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Telephone Number |
+1-607-734-2281 |
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Fax Number |
+1-607-734-8819 |
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2 |
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Name |
Jones &
Shipman Hardinge Ltd. |
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Address |
Murrayfield Road,
Leicester, LE3 1UW, England |
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Telephone Number |
+44-116-201-3000 |
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Fax Number |
+44-116-201-3002 |
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3 |
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Name |
Hardinge GmbH |
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Address |
Fichtenhain A 13
C, D-47807 Krefeld, Germany |
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Telephone Number |
+49-2151-496490 |
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Fax Number |
+49-2151-4964999 |
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4 |
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Name |
L. Kellenberger
& Co. AG |
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Address |
Heiligkreuzstrasse
28, Postfach, Ch-9008 St., Gallen, Switzerland |
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Telephone Number |
+41-071-242-9111 |
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Fax Number |
+41-071-242-9222 |
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5 |
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Name |
Hardinge China
Limited |
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Address |
No.1388 East
Kang Qiao Road, Pudong District, Shanghai 201319 |
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Telephone Number |
+86-21-3810-8686 |
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Fax Number |
+86-21-3810-8681 |
Core Management
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Name |
James P. Langa |
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Position |
Manager |
Personnel Structure
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Total Employees |
Over 50
Employees |
Offices &
Factories
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Headquarters |
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Add |
No.4, Zihciang 3rd Rd., Nantou City, Nantou County 540,
Taiwan (R.O.C.) |
Production
Information
l
Subject is a manufacturer of machinery
l
Subject has a factory (about 12,000
square meters) in Nantou County, Taiwan
for production.
Purchase Information
The
registered activities of subject:
|
Business Code |
Details |
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CB01010 |
Manufacturing of machinery |
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CB01990 |
Manufacturing of other machines |
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CC01010 |
Manufacturing of power equipment, transmission
equipment, and distribution equipment |
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CC01020 |
Manufacturing of wire and cable |
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CD01030 |
Manufacturing of auto and its parts |
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CD01040 |
Manufacturing of motor and its parts |
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CD01060 |
Manufacturing of aircraft and its parts |
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F106010 |
Wholesale of ironware |
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F113010 |
Wholesale of machinery |
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F113030 |
Wholesale of precise instrument |
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F113070 |
Wholesale of telecom equipment |
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F114010 |
Wholesale of automobile |
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F114020 |
Wholesale of motor |
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F114030 |
Wholesale of auto, motor and parts |
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F114070 |
Wholesale of aircraft and its parts |
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F119010 |
Wholesale of electronic materials |
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F401010 |
International trade business |
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F601010 |
intellectual property business |
l
The components and raw materials of the
subject for production are both purchased from domestic market and abroad such
as Japan and Germany
l
Subject is engaged in sale of machinery
l Subject’s
major products are 5-axis VMC, grinder, work holding, CNC lathes, vertical
machining centers, horizontal machining centers
l The
major sales regions of the subject include domestic market, Asian Countries, Europe
and America
l It is
introduced that subject mainly sells products to its group companies in
different parts of the world.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Components and raw materials |
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Payment Terms |
T/T, Cash |
2.
Import
|
Products |
Components and raw materials |
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Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Machinery |
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Selling Terms |
T/T, Cash |
1.
Export
|
Product |
Machinery |
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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 source we can not obtain the
relevant information, either.
Subject declined to disclose its bank details; from other source we
cannot 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.
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.68 |
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|
1 |
Rs. 93.53 |
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Euro |
1 |
Rs. 70.74 |
INFORMATION DETAILS
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Analysis Done by
: |
SUB |
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Report Prepared
by : |
ASH |
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.