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Report No. : |
301406 |
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Report Date : |
05.01.2015 |
IDENTIFICATION DETAILS
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Name : |
GOTECH TESTING
MACHINES INC. |
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Registered Office : |
No.28, Industry 24 Road,
Industrial Park, Taichung |
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Country : |
Taiwan |
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Date of Incorporation : |
13.04.1977 |
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Com. Reg. No.: |
36504407 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
· engaged in Manufacturing of Testing Machines Including Tensile Strength Tester, Universal Testing Machines, Rheometer, Mooney Viscometer & Environmental Testing Machines. · Engaged in Manufacturing and sale of Scientific Instruments, Quality Control Instruments, Testing Instruments, Environmental Instruments, Automatization Machines and Computers |
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No of Employees : |
About 100 Employees |
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 : |
Exists |
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 –
September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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.
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.28, Industry 24 Road, Industrial Park, Taichung, Taiwan R.O.C. |
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Supplied Address: |
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Telephone Number: |
+886-4-2359-0061 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above.
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Credit Opinion: |
Subject was incorporated on 1977-4-13 with registered number 36504407 as Joint Stock Company in Taiwan.
Factory
|
Address: |
No.28, Industry 24
Road, Industrial Park, Taichung, Taiwan R.O.C. |
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Date of Foundation: |
1981-10-16 |
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Date of Registration: |
1983-10-26 |
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Factory Registration Number: |
99669965 |
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Factory Manager: |
Jingchang Chen |
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Status: |
In Production |
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Date of Last Annual
Return: |
1983-10-26 |
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Major Products: |
292 other special-purpose mechanical device |
Offices
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1 |
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Name: |
Taipei Office |
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Address: |
No.13, Ally 1, Lane 4, Sec 3, Ren-ai Road, Taipei
City, Taiwan |
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Tel: |
+886-2-27110422 |
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Fax: |
+886-2-27523520 |
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2 |
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Name: |
Tainan Office |
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Address: |
No.13, Lane 63, Kunshan Street, Yongkang City,
Tainan County, Taiwan |
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Tel: |
+886-6-271-5485 |
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Fax: |
+886-6-272-4586 |
Major Shareholders
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Name |
Subscription
Shares |
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Jingchang Chen |
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1,175,000 |
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Mingzhi Chen |
1,500,000 |
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Zuofang Hu |
1,300,000 |
|
Yongdian Chen |
900,000 |
Core
Management
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1 |
||
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Name |
Jingchang Chen |
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Position |
Board Chairman |
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2 |
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Name |
Mingzhi Chen |
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Position |
Director |
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3 |
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Name |
Zuofang Hu |
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Position |
Director |
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4 |
||
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Name |
Yongdian Chen |
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Position |
Supervisor |
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Personnel
Structure
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Total Employees |
About 100 Employees |
Offices &
Factories
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|
Headquarters |
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Add |
No.28, Industry
24 Road, Industrial Park, Taichung, Taiwan R.O.C. |
Production Information
l
Subject is engaged in manufacturing of testing machines.
l
Subject has a factory in Taichung, Taiwan for production.
Purchase Information
l
The registered activities of subject:
|
1 |
Manufacturing and
sale of scientific instruments, quality control instruments, testing
instruments, environmental instruments, automatization machines and computers |
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2 |
Import and
export of above items |
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3 |
As an agent and distributor
for home and abroad companies’ products |
l
The components and raw materials for production are
purchased from both home and abroad.
l Subject is engaged
in sale of testing machines
l
Subject’s major products include tensile strength
tester, universal testing machines, rheometer, mooney viscometer &
environmental testing machines.
l
The products are applied to the industries of
textile, paper and footwear
l
Subject’s sales regions include Asia, Europe and
America
l
Subject’s major customers are Gehr Industries.,
Tumi Inc and Grupo Del Valle Sa
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, etc |
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Payment Terms |
Cash, T/T, etc |
2.
Import
|
Products |
Components, raw materials and machines, etc |
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Payment Terms |
T/T, etc |
Sales
1.
Domestic Markets
|
Product |
Testing machines, etc |
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Selling Terms |
Cash, T/T, etc |
2.
Export
|
Product |
Testing 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 Mr. Chen 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
|
2007,Zhongxiao,2556 |
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Date of Trial: |
2007-5-9 |
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Reason: |
Payment for goods |
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Claimant: |
Deyu Zhang |
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Defendant: |
Gotech Testing Machines
Inc. and other 67 companies |
Interview Details
|
Name |
Mr. Chen |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.29 |
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UK Pound |
1 |
Rs.98.39 |
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Euro |
1 |
Rs.76.31 |
INFORMATION DETAILS
|
Analysis
Done by : |
KAR |
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|
|
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Report
Prepared by : |
MNL |
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 |
-- |
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.