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Report No. : |
303005 |
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Report Date : |
20.01.2015 |
IDENTIFICATION DETAILS
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Name : |
SELF-MAN INDUSTRIAL CO., LTD. |
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Registered Office : |
5F, No.25, Jiun Shien Rd., Keelung City |
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Country : |
Taiwan |
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Date of Incorporation : |
15.07.1988 |
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Com. Reg. No.: |
22971351 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sale of electronic components |
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No. of Employee : |
About 500 Employees (Including the staff in the Mainland China) |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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|
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Payment Behaviour : |
No Complaints |
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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 |
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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: |
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Supplied Address: |
5F No. 25
Chung-Hsien Rd, Chi-Tu Dist., 206 Keelung Keelung Shih |
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Telephone Number: |
+886-2-2456-9788 |
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Fax Number: |
+886-2-2456-9310 |
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E-mail: |
Notes: The exact name and address are as above.
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Credit Opinion: |
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Registered Name: |
Self-Man Industrial Co., Ltd. |
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Registered Address: |
5F, No.25, Jiun Shien Rd., Keelung City,
Taiwan, R.O.C. |
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Date of Foundation: |
1988-7-15 |
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Registration Number: |
22971351 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
NTD 28,000,000 (USD 868,000) (As of 2015.01, 1 NTD = 0.0310 USD) |
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Paid-up Capital: |
NTD 28,000,000 (USD 868,000) |
|
Legal Representatives: |
Lishun Guan |
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Legal Form: |
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Principal Activities: |
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Staff: |
About 500 Employees (Including the
staff in the Mainland China) |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Subject was
incorporated on 1988-7-15 with registered number 22971351 as Joint Stock Company in Taiwan.
Change
of Name
|
Former Chinese Name: |
亙銘工業股份有限公司 |
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Current Chinese Name: |
亘銘工業股份有限公司 |
|
Name |
Subscription
Shares |
|
Lishun Guan |
6,924 |
|
Jiye Guo |
|
|
5,005 |
|
|
Jianchen Wu |
1,192 |
|
Jinzhi Wu |
2,285 |
The information above is that of subject’s major shareholders.
Subsidiaries
|
1 |
|
|
Name: |
Shanghai Self-Man Electronics
Industry Co., Ltd. |
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Address: |
No.9655-5, Tingwei Road, Tinglin Town, Jinshan District,
Shanghai City, China |
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Date of Registration: |
2000-3-10 |
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Registration Number: |
310000400233197 |
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Registry: |
Shanghai Industry and Commerce Bureau |
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Registered Capital: |
USD 400,000 |
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Paid-up Capital: |
USD 400,000 |
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Legal Representatives: |
Lishun Guan |
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2 |
|
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Name: |
Suzhou Self-Man Electronics
Industry Co., Ltd. |
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Address: |
No. 266, Lianyi Road, Luzhi Country, Wuzhong District,
Suzhou City, Jiangsu Province, China |
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Tel: |
+86-512-6502-0521 |
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Fax: |
+86-512-6502-0520 |
Core Management
Directors
|
1 |
|
|
Name |
Lishun Guan |
|
Position |
Board Chairman |
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2 |
|
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Name |
Jiye Guo |
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Position |
Director |
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3 |
|
|
Name |
Jianchen Wu |
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Position |
Director |
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4 |
|
|
Name |
Jinzhi Wu |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
About
500 Employees (including the staff in Mainland China) |
Offices & Factories
|
|
Headquarters |
|
Add |
Production Information
l Subject is a
manufacturer of electronic components, etc.
l It is introduced
that subject has factories in Keelung City, Taiwan and Shanghai City, Suzhou
City, Mainland China for production, but we cannot obtain any detail
information.
Purchase Information
l
The registered activities of subject:
|
No. |
Detail |
|
1 |
Manufacturing,
processing and sale of all kinds of power line, plug |
|
2 |
Manufacturing, processing
and trading of all kinds of electronic components, wire rod, leadwire |
|
3 |
Agent, price
quoting, bidding service, import, export of all kinds of above mentioned
items |
l The
components and raw materials for production are mostly purchased in domestic
market.
l Subject
is engaged in sale of electronic components, etc.
l Subject’s
major products include DC cable, terminals and wire harness, power connector,
AC power cord, etc.
l The sales
regions of the subject include domestic market, Japan, South Korea, Southeast
Asia, USA, Australia and Europe, etc.
l It is introduced that subject has a proportion of
50% for export.
l It is
introduced that subject’s major customers are “Akizuki Denshi”, “Haier”,
“Panasonic”, “Aurora” and “Logitech”, etc.
Import and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Components and raw materials |
|
Payment Terms |
T/T, Cash, etc. |
2.
Import
Subject has little import.
Sales
1.
Domestic Markets
|
Product |
Electronic components, etc. |
|
Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Electronic components, 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
source we can not obtain the relevant information, either.
|
Name |
Hwa Nan Commercial Bank |
Mortgage
No chattel mortgage record of subject has been found within the recent 3
months.
Lawsuit
|
Trial Number: |
2007, cui, 119 |
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Date of Trial: |
2007-8-10 |
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Reason: |
Publication Service |
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Claimant: |
Not Stated |
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Defendant: |
Not Stated |
|
Name |
Mr. Wu |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.69 |
|
|
1 |
Rs.93.41 |
|
Euro |
1 |
Rs.71.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
DPT |
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 |
|
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.