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Report Date : |
03.01.2015 |
IDENTIFICATION DETAILS
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Name : |
ALLWELL INDUSTRY CO., LTD. |
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Registered Office : |
No.75, Liuchiao W. Rd., Chingkou Village
Puhsin Hsiang Changhua Hsien |
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Country : |
Taiwan |
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Date of Incorporation : |
09.10.1980 |
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Com. Reg. No.: |
60263961 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturer and Sale of tire and tube machinery |
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No. of Employees : |
About 50 Employees |
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 31st 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
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Taiwan |
A2 |
A2 |
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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. In 2009, Taiwan's GDP contracted 1.8%, due primarily to a 13.1% year-on-year decline in exports. In 2010 GDP grew 10.7%, as exports returned to the level of previous years, and in 2011, grew 4.0%. In 2012, however, growth fell to 1.3%, because of softening global demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are major long-term challenges. Free trade agreements have proliferated in East Asia over the past several years, but except for the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010, so far Taiwan has been excluded from this greater economic integration in part because of its diplomatic status. Negotiations continue on such follow-on components of ECFA regarding trade in goods and services. The MA administration has said that the ECFA will serve as a stepping stone toward trade pacts with other key trade partners, which Taiwan subsequently launched with Singapore and New Zealand. 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 trade surplus largely because of its surplus with China, and its foreign reserves are the world's fifth largest, behind China, Japan, Saudi Arabia, and Russia. 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. Three financial memorandums of understanding, covering banking, securities, and insurance, took effect in mid-January 2010, opening the island to greater investments from the mainland's financial firms and institutional investors, and providing new opportunities for Taiwan financial firms to operate in China. 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.75, Liuchiao W.
Rd., Chingkou Village Puhsin Hsiang Changhua Hsien Taiwan R.O.C. |
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Supplied Address: |
NO 75, LIUCHIAO
W.RD, CHINGKOU VILLAGE, PUSHINHSIAN, CHANGHUA TAIWAN R.O.C |
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Telephone Number: |
+886-4-834-6006 |
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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 1980-10-9 with registered number 60263961 as Joint Stock Company in Taiwan.
|
Name |
Subscription Shares |
|
Pobo Chen |
2,019,584 |
|
Pokui Chen |
|
|
396,517 |
|
|
Xiujun Chen |
1,157,258 |
|
Shujing Zhang |
622,150 |
The information above is that of subject’s major shareholders.
Factory
|
Address: |
No.75, Liuchiao W. Rd., Chingkou Village
Puhsin Hsiang Changhua Hsien Taiwan R.O.C. |
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Date of Foundation: |
1989-10-12 |
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Date of Registration: |
1989-10-26 |
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Factory Registration Number: |
99647045 |
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Factory Manager: |
Pobo Chen |
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Status: |
In Production |
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Date of Last Annual Return: |
2001-12-27 |
Core
Management
|
1 |
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Name |
Pobo Chen |
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Position |
Board Chairman |
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2 |
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Name |
Pokui Chen |
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Position |
Director |
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3 |
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Name |
Xiujun Chen |
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Position |
Director |
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4 |
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Name |
Shujing Zhang |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 50 Employees |
Offices
& Factories
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|
Headquarters |
|
Add |
No.75, Liuchiao W. Rd., Chingkou Village Puhsin
Hsiang Changhua Hsien Taiwan R.O.C. |
l
Subject is engaged in manufacturing of tire and tube machinery.
l
Subject has a factory in Changhua Hsien, Taiwan for production.
Purchase
Information
l
The registered activities of subject:
|
1 |
Trading of Inner tire extruding tools,
rubber cutting tools, dust collection tools, material turning tools, compound
cooling tools, tire cord yarn pressure tools, tread glue extruding tools,
Cutting tools, Yarn cutting tools, forming tools, vulcanizing tools, |
|
2 |
Manufacture and sales of conveyer belts, automobile
parts,
Locomotive spare parts and bicycle parts |
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3 |
Manufacture and sales of all kinds of paper tubes, paper
tubes and paper boxes |
l The components and
raw materials for production are purchased from both home and abroad such as
Taiwan domestic market and Europe.
l Subject is engaged
in sale of tire and tube machinery.
l
Subject’s major customer
is tire manufacturer.
l
Subject’s sales regions
include domestic marker, other Asian countries, Europe and America.
Major product
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Product |
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1 |
Tire Building Machine |
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2 |
Tire Curing Press |
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3 |
Horizontal Bias Cutter |
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4 |
Horizontal Bias Cutter |
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5 |
Bead Wire Grommet Machine |
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6 |
Tread Line |
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7 |
Calendar Line |
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8 |
Batch Off Machine |
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9 |
Tire Wrapping Machine |
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10 |
Drum Testing Machine |
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11 |
Tire Run Out Testing Machine |
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12 |
Tube Extruding Line |
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13 |
Tube Splicer |
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14 |
Tube Curing Press |
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15 |
Green Tire Painting Machine |
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Terms |
Proportion |
|
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Raw materials and components |
Cash, T/T |
100% |
Foreign Purchase
|
Terms |
Proportion |
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Raw materials and components |
L/C, T/T |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
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Machinery |
Cash, T/T |
100% |
Export
|
Terms |
Proportion |
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Machinery |
L/C, T/T |
100% |
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 Mr. Chen 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.
|
Name |
Mr. Chen |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.29 |
|
UK Pound |
1 |
Rs.98.39 |
|
Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.