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Report No. : |
302002 |
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Report Date : |
12.01.2015 |
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 Taiwan R.O.C. |
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Country : |
Taiwan |
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Date of Incorporation : |
09.10.1980 |
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|
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Com. Reg. No.: |
60263961 |
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Legal Form : |
Joint Stock Company |
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|
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Line of Business : |
Manufacturing and Sale of Tire and Tube Machinery. |
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No. of Employee : |
About 50 |
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 |
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Payment Behaviour : |
Unknown |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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.
|
Source
: CIA |
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Company Name: |
|
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Supplied Name: |
|
|
Trading Address: |
No.75, Liuchiao
W. Rd., Chingkou Village Puhsin Hsiang Changhua Hsien Taiwan R.O.C. |
|
Supplied Address: |
Factory: No. 75,
Liuchiao W Rd, Chingkou Village, puhsin Hsiang Changhua Hsien |
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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.
Factories
|
1 |
|
|
Address: |
No.75, Liuchiao W. Rd., Chingkou Village
Puhsin Hsiang Changhua Hsien Taiwan R.O.C. |
|
Date of Foundation: |
1989-10-12 |
|
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 |
|
Major Products: |
292 Other special mechanical equipment |
|
2 |
|
|
Name: |
The 2nd Factory |
|
Address: |
No. 156, Sec. 1, Erbao Rd., Pixia Village,
Puhsin Hsiang Changhua Hsien, Taiwan |
|
Date of Registration: |
2014-1-6 |
|
Factory Registration Number: |
T0700622 |
|
Factory Manager: |
Pobo Chen |
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Status: |
In Production |
|
Date of Last Annual Return: |
2014-1-6 |
|
Major Products: |
292 Other special mechanical equipment |
Core Management
Directors
|
1 |
|
|
Name |
Pobo Chen |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Pokui Chen |
|
Position |
Director |
|
3 |
|
|
Name |
Xiujun Chen |
|
Position |
Director |
|
4 |
|
|
Name |
Shujing Zhang |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 50 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.75, Liuchiao W. Rd., Chingkou Village Puhsin Hsiang Changhua Hsien
Taiwan R.O.C. |
Production Information
Subject is engaged in manufacturing of tire and tube machinery, etc.
Subject has two factories in Changhua
Hsien, Taiwan for production.
Purchase Information
The registered activities of subject:
|
No. |
Details |
|
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 |
|
3 |
Manufacture and sales of all kinds of paper
tubes, paper tubes and paper boxes |
The components and raw materials for production are purchased from both
at home and abroad such as Europe.
Subject is engaged in sale of tire and tube machinery.
The major products of the subject are tire building
machine, horizontal bias cutter, bead wire grommet machine, calendar line, tire
wrapping machine, tube extruding line, green tire painting machine, horizontal
bias cutter.
The sales regions include domestic marker,
Japan, Korea, other Asian countries, Europe and USA, etc.
The major customers of the subject are
manufacturers of tires.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw materials and components |
|
Payment Terms |
T/T, Cash |
Import
|
Products |
Raw materials and components |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Machinery |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Machinery |
|
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.
|
Name |
Ms. Li |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.40 |
|
|
1 |
Rs.94.17 |
|
Euro |
1 |
Rs.73.61 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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.