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Report No. : |
307265 |
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Report Date : |
12.02.2015 |
IDENTIFICATION DETAILS
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Name : |
MING JILEE ENTERPRISE CO., LTD. |
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Registered Office : |
No.76-8, Ming-Ho, Ming-Hotsun, Shan-Shang Dist., Tainan Cityn, Taiwan, R.O.C. |
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Country : |
Taiwan |
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Date of Incorporation : |
10.04.1987 |
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Com. Reg. No.: |
22476134 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Sales of Machinery For Packaging Industry. |
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No. of Employees : |
About 50 |
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 : |
-- |
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 |
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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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Former Name: |
MING JI LEE ENTERPRISE CO., LTD. |
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Supplied Name: |
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Trading Address: |
No.76-8,
Ming-Ho, Ming-Hotsun, Shan-Shang Dist., Tainan Cityn, Taiwan, R.O.C. |
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Supplied Address: |
NO.76-8,MING-HO,MING-HO
VIL,SHAN-SHAN DIST,TAINAN CITY,74342,TAIWAN |
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Telephone Number: |
+886-6-578-3420 |
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Fax Number: |
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E-mail: |
Notes: The exact name and
address are as above.
Subject was incorporated
on 1987-4-10 with registered number 22476134
as Joint Stock Company in Taiwan.
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Former English Name: |
Ming Ji Lee Enterprise Co., Ltd. |
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Current English Name: |
Ming Jilee Enterprise Co., Ltd. |
Factory
|
Address: |
No.76-8, Ming-Ho, Ming-Hotsun, Shan-Shang Dist.,
Tainan Cityn, Taiwan, R.O.C. |
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Date of Registration: |
2009-4-20 |
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Factory Registration Number: |
99711712 |
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Factory Manager: |
Zheming Zhang |
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Status: |
In production |
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Date of Last Annual Return: |
2009-4-20 |
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Major Products: |
292 other special developing equipment |
Major Shareholders
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Name |
Subscription Shares |
|
Zhecheng Zhang |
917 |
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Xiuzhang Zhang |
305 |
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Xiuqi Zhang |
305 |
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Peijuan Xu |
728 |
Core Management
Directors
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1 |
||
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Name |
Zhecheng Zhang |
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Position |
Board Chairman |
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2 |
||
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Name |
Xiuzhang Zhang |
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Position |
Director |
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3 |
||
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Name |
Xiuqi Zhang |
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Position |
Director |
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4 |
||
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Name |
Peijuan Xu |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 50 Employees |
Operation
Information
Offices & Factories
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|
Headquarters |
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Add |
No.76-8, Ming-Ho, Ming-Hotsun, Shan-Shang Dist., Tainan Cityn, Taiwan,
R.O.C. |
Production Information
Subject is engaged in manufacturing of machinery for packaging industry and etc.
Subject has a factory in Taiwan for production.
Subject obtained the certification of ISO 9002.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing and related importing and exporting business of plastic
machinery (extruder, injection molding machine, sealing machine, film blowing
machine and plastic printing machine) |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
It is introduced that subject purchases its components and etc both at
home and abroad.
Subject is engaged in sale of machinery for packaging industry and etc.
The major products include sealing and cutting machine, stationery
making machine, recycling equipment, bubble envelope making machinery, index
divider system, sheet extruder machine, blow film making machine, L-folder
making machine, file and stationery making machine, sheet protector making
machine and so on.
Subject’s sales regions include Asia, Middle East, Europe, America,
Africa, Oceania and etc.
Subject’s major customers are packaging industry, manufacturers of
stationery and etc.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components |
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Payment Terms |
Cash, T/T |
Import
|
Products |
Components |
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Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Machinery for packaging industry |
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Selling Terms |
Cash, T/T |
Export
|
Product |
Machinery for packaging industry |
|
Selling Terms |
Cash, 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.
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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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.15 |
|
|
1 |
Rs.94.72 |
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Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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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.