|
Report No. : |
307700 |
|
Report Date : |
17.02.2015 |
IDENTIFICATION DETAILS
|
Name : |
KUN FENG MACHINE ENTERPRISE CO., LTD. |
|
|
|
|
Registered Office : |
No.18 Lane 369 Sec.2, Wen Hua Rd., Banqiao Dist., New Taipei City 220 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
09.01.1988 |
|
|
|
|
Com. Reg. No.: |
22708985 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing and sale of machines |
|
|
|
|
No of Employees : |
About 20 Employees |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
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
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Taiwan |
A2 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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.
|
Source
: CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.115-1, Sanjun Street, Shulin District, New Taipei City, Taiwan |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2689-5510 |
|
Fax Number: |
|
|
Email: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
|
Registered Name: |
Kun Feng Machine Enterprise Co., Ltd. |
|
Registered Address: |
No.18 Lane 369 Sec.2, Wen Hua Rd., Banqiao Dist., New Taipei City 220,
Taiwan (R.O.C.) |
|
Date of Foundation: |
1988-1-9 |
|
Registration Number: |
22708985 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
NTD 20,000,000
(USD 620,000) (As of 2015.02, 1 NTD = 0.0310 USD) |
|
Legal Representatives: |
Qingchang Ke |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject was incorporated on 1988-1-9 with registered number 22708985 as Private Limited Liability Company
in Taiwan.
Factory
|
Address: |
No.115-1, Sanjun
Street, Shulin District, New Taipei City, Taiwan |
|
Date of
Registration: |
2013-5-8 |
|
Factory
Registration Number: |
65002207 |
|
Factory Manager: |
Qingchang Ke |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2013-5-8 |
|
Major Products: |
259 other metal
products 293 general
machinery |
Major Shareholders
|
Name |
Subscription Amount |
|
Qingchang Ke |
|
|
19,200,000 |
Core Management
|
Name |
Qingchang Ke |
|
Position |
Director |
Offices & Factories
|
|
Headquarters |
|
Add |
No.115-1, Sanjun
Street, Shulin District, New Taipei City, Taiwan |
Production Information
l
Subject is engaged in manufacturing of machines, etc.
l
Subject has a factory in New Taipei City, Taiwan
for production.
Purchase Information
l
The registered activities of subject:
|
1 |
Manufacturing, processing and sale of all kinds of
auto spare parts, jigs and fixtures |
|
2 |
Design, R&D and contract of all kinds of
flexible pipe, labor-saving machinery |
l
The components and raw materials for production are
mostly purchased in domestic market.
l Subject is engaged
in sale of machines, etc.
l
Subject’s major products are auto production
machine of aluminum tube, aerosol can and barrel, etc.
l
Subject’s sales region focuses on Asia and Middle
East, etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Components and
raw materials |
|
Payment Terms |
Cash, T/T, etc. |
2.
Import
Subject has little
import.
Sales
1.
Domestic Markets
|
Product |
Machines, etc. |
|
Selling Terms |
Cash, T/T, etc. |
2.
Export
|
Product |
Machines, etc. |
|
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
|
Trial Number: |
2005,Beixiao, 1898 |
|
Date of Trial: |
2005-9-29 |
|
Reason: |
Compensation for infringement act damages |
|
Claimant: |
Kun Feng Machine Enterprise Co., Ltd. |
|
Defendant: |
Not Stated |
Interview Details
|
Name |
Ms. Cai |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.20 |
|
|
1 |
Rs. 95.99 |
|
Euro |
1 |
Rs. 71.00 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to
overcome financial difficulties seems comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
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.