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Report No. : |
303208 |
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Report Date : |
15.01.2015 |
IDENTIFICATION DETAILS
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Name : |
VISION WIDE TECH CO., LTD. |
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Registered Office : |
No.43, 17th Industrial Rd., Taiping Dist.,
Taichung City 411 |
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Country : |
Taiwan |
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Date of Incorporation : |
03.04.1999 |
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Com. Reg. No.: |
16885104 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Sale of CNC Machine |
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No of Employees : |
About 140 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
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 |
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Moderate |
B1 |
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High |
B2 |
|
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.43, 17th
Industrial Rd., Taiping Dist., Taichung City 411, Taiwan (R.O.C.) |
|
Supplied Address: |
No. 43 17th
Industrial Road, Taiping City Taichung Hsein 41154 |
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Telephone Number: |
+886-4-2271-2000 |
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Fax Number: |
|
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E-mail: |
Notes: Subject’s exact name and address are as
above.
Notes: Subject’s capital
has been increased as above.
Subject was incorporated
on 16885104 with registered number 16885104
as Joint Stock Company in Taiwan.
Change of Name
|
Former Chinese Name: |
喬崴進科技有限公司 |
|
Current Chinese Name: |
喬崴進科技股份有限公司 |
Awards
|
Year |
Awards |
|
2008 |
Blue chip importer and exporter |
|
2009 |
Blue chip importer and exporter |
|
2010 |
Blue chip importer and exporter |
Standard of Blue chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
Factory
|
Address: |
No.43, 17th Industrial Rd., Taiping Dist.,
Taichung City 411, Taiwan (R.O.C.) |
|
Date of Registration: |
2007-8-23 |
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Factory Registration Number: |
99704423 |
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Factory Manager: |
Shengxun Hong |
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Status: |
In Production |
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Date of Last Annual Return: |
2012-3-14 |
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Major Products: |
291 Machinery and equipment for processing of metal |
Major Shareholders
|
Name |
Subscription Shares |
|
Shengxun Hong |
1,347,374 |
|
Songjiang Chen |
3,104,112 |
|
Zheyu Chen |
1,316,672 |
|
Shuyue Li |
2,804,533 |
|
Xiaotong Zhang |
1,448,055 |
|
Shumei He |
1,064,762 |
Core Management
Directors
|
1 |
||
|
Name |
Shengxun Hong |
|
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Position |
Board Chairman |
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2 |
||
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Name |
Songjiang Chen |
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Position |
Director |
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3 |
||
|
Name |
Zheyu Chen |
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Position |
Director |
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4 |
||
|
Name |
Ruikun Jiang |
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Position |
Deputy Chairman |
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5 |
||
|
Name |
Shuyue Li |
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Position |
Director |
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|
6 |
||
|
Name |
Xiaotong Zhang |
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Position |
Director |
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|
7 |
||
|
Name |
Luohui Huang |
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Position |
Director |
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8 |
||
|
Name |
Shumei He |
|
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Position |
Supervisor |
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Personnel Structure
|
Total Employees |
About 140 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.43, 17th Industrial Rd., Taiping Dist., Taichung City 411, Taiwan
(R.O.C.) |
|
Construction Area |
Production Information
Subject is engaged in manufacturing of CNC machine and etc.
Subject has a factory in Taiwan for production.
Subject obtained the certification and awards as following:
|
1 |
TAIWAN EXCELLENCE 2012 (SF SERIES) |
|
2 |
TAIWAN EXCELLENCE 2011 (NF SERIES) |
|
3 |
TAIWAN EXCELLENCE 2008 (VH SERIES) |
|
4 |
ISO 9001 : 2008 (certificated by TÜV Nord) |
|
5 |
ISO 14001 : 2004 (certificated by BUREAU VERITAS) |
|
6 |
Machinery Directive: 2006/42/EC |
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7 |
Electrical Safety: EN60204-1:2006 |
|
8 |
Low Voltage: 2004/108/EC |
|
9 |
Electromagnetic Compatibility |
|
10 |
2004/108/EC |
|
11 |
Electromagnetic Compatibility: 2004/108/EC certificated by
Safenet(U.K.) |
|
12 |
CE |
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacturing of machinery and equipment. |
|
CC01010 |
Manufacturing of related equipment for machinery for electricity
generation, electricity transmission. |
|
F113010 |
Wholesales of machinery. |
|
F113030 |
Wholesales of precise instrument. |
|
F113070 |
Wholesales of telecommunication equipment. |
|
F401010 |
International trading business. |
It is introduced that subject purchases its components and etc both at
home and abroad.
Subject is engaged in sale of CNC machine and etc.
The major products include High Efficiency Machining, Rigid Heavy
Cutting, Moving Beam/ Fixed Beam 5-Face Machining, High Performance 5-Axis
Machining Center, Portal Milling Machine and so on.
Subject’s sales regions covers all over the world such as China, Korea,
India, U.S.A., Canada, Australia, Mexico, Brazil, Africa, Europe and etc. And
subject had many distributors worldwide.
Subject’s major customers are manufacturers of metal product, such as
molds etc.
It is introduced that subject’s products are applied to manufacturing
and processing of plastic, aerospace, power generation and automotive and etc.
It is introduced that subject has its own brand named “Vision Wide”.
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components and etc |
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Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Components and etc |
|
Payment Terms |
L/C, T/T and etc |
Sales
Domestic Markets
|
Product |
CNC machine and etc. |
|
Selling Terms |
Cash, T/T and etc |
Export
|
Product |
CNC machine and etc. |
|
Selling Terms |
L/C, T/T and 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 Ms. Guo 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
|
Name |
Ms. Guo |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.15 |
|
|
1 |
Rs.94.24 |
|
Euro |
1 |
Rs.73.30 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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|
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|
Report Prepared
by : |
NIS |
RATING EXPLANATIONS
|
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.