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Report No. : |
303384 |
|
Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
KENT INDUSTRIAL CO., LTD. |
|
|
|
|
Registered Office : |
13f., No. 27, Lane 61, Sec. 1, Kwang Fu Rd., San Chung Dist., New Taipei City 241 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
16.03.1966 |
|
|
|
|
Com. Reg. No.: |
35309102 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
engaged in Manufacturing & sale of Machine Tools including Surface Grinders, CNC Universal Cylindrical Grinders, Double Column Surface Grinders, Creep Feed Grinders and Vertical Machining Center bearing the brand name “KENT”. |
|
|
|
|
No of Employees : |
About 150 Employees |
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 |
|
Payment Behaviour : |
Unknown |
|
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: |
|
|
Supplied Name: |
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Trading Address: |
13F., No.27, Lane 61, Sec. 1, Kwang Fu Rd.,
San Chung Dist., New Taipei City, Taiwan, R.O.C. |
|
Supplied Address: |
13/F, No. 27, Lane 61, Sec-1, Kwang Fu
Road, san Chung City Taipei 241 |
|
Telephone Number: |
|
|
Fax Number: |
|
|
E-mail: |
|
|
Website: |
Note: The exact name and address are as above.
|
Credit Opinion: |
|
Registered Name: |
Kent Industrial Co., Ltd. |
|
Registered Address: |
13F., No. 27, Lane 61, Sec. 1, Kwang Fu Rd.,
San Chung Dist., New Taipei City 241, Taiwan |
|
Date of Foundation: |
1966-3-16 |
|
Registration Number: |
35309102 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs,
R.O.C. |
|
Registered Capital: |
NTD 1,200,000,000 (USD 38,040,000) (As of 2015.01, 1 NTD = 0.0317 USD) |
|
Paid-up Capital: |
NTD 976,237,830 (USD
30,946,739) |
|
Legal Representatives: |
Jinpei Li |
|
Legal Form: |
|
|
Principal Activities: |
engaged in Manufacturing & sale of Machine Tools including
Surface Grinders, CNC Universal Cylindrical Grinders, Double Column Surface Grinders,
Creep Feed Grinders and Vertical Machining Center bearing the brand name
“KENT”. |
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 1966-3-16 with registered number 35309102 as Joint Stock Company in Taiwan.
Factory
|
Name: |
Douliu Factory |
|
Address: |
No. 17, Doukung 9th Rd., Dou Liu Expanded
Industrial Park, Douliu City, Yunlin County, Taiwan,
R.O.C. |
|
Telephone Number: |
+886-5-557-5356 |
|
Fax Number: |
+886-5-557-5136 |
Major Related
Companies
|
1 |
|
|
Name: |
Zhejiang Rongde Machinery Co., Ltd.
(Literal Translation) |
|
Address: |
No.58, Jianshe 2nd Road, Xiaoshan Economic and Technological
Zone, Zhejiang Province, China |
|
Telephone Number: |
+86-571-8283-1781 |
|
Fax Number: |
+86-571-8283-1780 |
|
Date of Registration: |
1993-7-3 |
|
Registration Number: |
330000400002464 |
|
Registered Capital: |
USD 7,500,000 |
|
Legal Representative: |
Jinpei Li |
|
Legal Form: |
Limited Liability Company |
|
2 |
|
|
Name: |
Kent International USA Inc. |
|
Address: |
13941 Magnolia Avenue Chino, CA 91710 U.S.A. |
|
Telephone Number: |
+1-909-465-0200 |
|
Fax Number: |
+1-909-465-0211 |
Major Shareholders
|
Name |
Subscription Shares |
|
Jinpei Li |
939,511 |
|
Taiwan Venture Investment Co., Ltd.
(Literal Translation) |
|
|
3,797,264 |
|
|
Yong Yu Co., Ltd (Literal Translation) |
6,835,719 |
|
Neng Man International Co., Ltd. (Literal
Translation) |
630,366 |
|
Zhengkan Shen |
3,046,824 |
|
Yin Fu Co., Ltd. (Literal Translation) |
3,072,204 |
|
Qiuhuang Ji |
865,650 |
|
Junhui Ke |
2,373,000 |
|
Guan Rong Investment Co., Ltd. (Literal
Translation) |
2,737,186 |
|
He Ming Investment Co., Ltd. (Literal
Translation) |
2,796,286 |
Shareholder
Information:
|
1 |
|
|
Registered Name: |
Taiwan Venture Investment Co., Ltd.
(Literal Translation) |
|
Registered Address: |
5/F., No. 394, Minsheng West Rd.,
Datong Dist., Taipei City, Taiwan |
|
Date of Foundation: |
1987-5-15 |
|
Registration Number: |
22554052 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 200,000,000 (USD 6,340,000) (As of 2015.01, 1 NTD = 0.0317
USD) |
|
Paid-up Capital: |
NTD 200,000,000 (USD 6,340,000) |
|
Legal Representatives: |
Changqi Ke |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2011-10-4 |
|
2 |
|
|
Registered Name: |
Neng Man International Co., Ltd. (Literal
Translation) |
|
Registered Address: |
2/F., No. 28, Sanhe 1st
Road, Puyi Li, Zhongli Dist., Taoyuan City, Taiwan |
|
Date of Foundation: |
2010-10-12 |
|
Registration Number: |
53167274 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
NTD 10,000,000 (USD 317,000) (As of 2015.01, 1 NTD = 0.0317
USD) |
|
Legal Representatives: |
Tingling Lu |
|
Legal Form: |
Private Limited Liability
Company |
|
Date of Last Annual Return: |
2014-7-18 |
|
3 |
|
|
Registered Name: |
Yin Fu Co., Ltd. (Literal Translation) |
|
Registered Address: |
No. 162, Qiancun Rd., Dafeng Li,
Daya Dist., Taichung City, Taiwan |
|
Date of Foundation: |
2007-5-7 |
|
Registration Number: |
28659841 |
|
Registry: |
Taichung City
Government |
|
Registered Capital: |
NTD 200,000,000 (USD 6,340,000) (As of 2015.01, 1 NTD = 0.0317
USD) |
|
Paid-up Capital: |
NTD 110,000,000
(USD 3,487,000) |
|
Legal Representatives: |
Guodong Lu |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2014-10-9 |
|
4 |
|
|
Registered Name: |
Guan Rong Investment Co., Ltd. (Literal
Translation) |
|
Registered Address: |
11F-20, No. 237, Sec. 2, Fuxing
South Rd., Da-an Dist., Taipei City, Taiwan |
|
Date of Foundation: |
1999-9-30 |
|
Registration Number: |
70440543 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 20,000,000 (USD 634,000) (As of 2015.01, 1 NTD = 0.0317
USD) |
|
Paid-up Capital: |
NTD 5,000,000 (USD 158,500) |
|
Legal Representatives: |
Sishu Lu |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2010-11-1 |
|
5 |
|
|
Registered Name: |
He Ming Investment Co., Ltd. (Literal
Translation) |
|
Registered Address: |
8/F., No. 225, Zhonghua 1st
Rd., Gushan Dist., Kaohsiung City, Taiwan |
|
Date of Foundation: |
2013-6-5 |
|
Registration Number: |
54199598 |
|
Registry: |
Economic Development Board of Kaohsiung City Government |
|
Registered Capital: |
NTD 12,180,200 (USD 386,112) (As of 2015.01, 1 NTD = 0.0317
USD) |
|
Legal Representatives: |
Jinpei Li |
|
Legal Form: |
Private Limited Liability
Company |
|
Date of Last Annual Return: |
2013-8-15 |
Core Management
|
1 |
||
|
Name |
Jinpei Li |
|
|
Position |
Board Chairman |
|
|
2 |
||
|
Name |
Yanhui Ke |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Yong Yu Co., Ltd (Literal Translation) |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Neng Man International Co., Ltd. (Literal Translation) |
|
|
Position |
Director |
|
|
5 |
||
|
Name |
Zhengkan Shen |
|
|
Position |
Director |
|
|
6 |
||
|
Name |
Yin Fu Co., Ltd. (Literal Translation) |
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|
Position |
Director |
|
|
7 |
||
|
Name |
Qiuhuang Ji |
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Position |
Director |
|
|
8 |
||
|
Name |
Junhui Ke |
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|
Position |
Supervisor |
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|
9 |
||
|
Name |
Guan Rong Investment Co., Ltd. (Literal Translation) |
|
|
Position |
Supervisor |
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|
10 |
||
|
Name |
He Ming Investment Co., Ltd. (Literal Translation) |
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|
Position |
Supervisor |
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11 |
||
|
Name |
Xunsheng Lian |
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|
Position |
Manager |
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|
Date of Appointment |
2014-1-6 |
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Personnel
Structure
|
Total Employees |
About 150
Employees |
|
|
Headquarters |
|
Add |
13F., No.27, Lane 61, Sec. 1, Kwang Fu Rd.,
San Chung Dist., New Taipei City, Taiwan, R.O.C. |
Production
Information
l
Subject is engaged in manufacturing of machine
tools
l
Subject has a factory (about 15,000
square meters) in Douliu City, Yunlin County, Taiwan for production.
l
Subject obtained the certifications of
ISO 9001 and ISO 14001, etc.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing and sales of all kinds of
precision tools, steel mould |
|
-- |
All kinds of special steel metal Heat
treatment |
|
-- |
Design, manufacturing and sales of all
kinds of automatic machine |
|
-- |
Manufacturing and sales of all kinds of
electric machinery punch processed products |
|
-- |
Manufacturing and sales of hoisting
machinery |
|
-- |
Importing and sales of weights and
measures |
|
-- |
Design, manufacturing, processing and sales
of all kinds of injection molding machine |
|
-- |
Research, design, manufacturing,
processing and sales of |
|
-- |
Manufacturing, processing and sales of all
kinds of components of printer ribbon |
|
-- |
Processing and sales of canned food and
fruit |
|
-- |
Manufacturing, processing and sales of all
kinds of rain gear and sports equipment |
|
-- |
Manufacturing, processing and sales of
regenerated cotton fiber |
|
-- |
Manufacturing, processing and sales of glycerin,
soap, toilet soap, medicated soap, detergents, cosmetics (except medicinal) |
|
-- |
Manufacturing, processing and sales of
ready-mixed concrete |
|
-- |
Manufacturing, processing and sales of all
kinds of leather (dough, wet blue leather, PU synthetic leather, PVC
synthetic leather, PU split leather, recycled leather) |
|
-- |
Manufacturing, processing and sales of
shoe material and shoe |
|
-- |
Manufacturing, processing and sales of household
appliances, such as air conditioners, freezers, refrigerators, electronic
pot, thermos, air cleaner, refrigerator, dish dryer, hair machine, microwave
Lu, toaster, dryers, washing machines, VCRs, telephones |
|
-- |
Manufacturing, processing and sales of
kitchen utensils, cutlery |
|
E605010 |
Installation of computer equipment |
|
F118010 |
Wholesale of software information |
|
I301030 |
Supply and service of electronic
information |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The components and raw materials for
production are purchased from both home and abroad such as Taiwan, Mainland
China and Japan, etc.
l It is introduced that subject imports
technique from Japan, German and Switzerland, etc.
l Subject
is engaged in sale of machine tools
l
Subject’s major products include
surface grinders, CNC universal cylindrical grinders, double column surface
grinders, creep feed grinders and vertical machining center
l
Subject has its own brand “KENT”.
l
Subject’s sales regions include Asia,
Europe and America, etc.
l
Subject’s major foreign customers are
Tefco Inc, ASB International Pvt Ltd and so on.
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
|
Products |
Components and raw materials |
|
Payment Terms |
T/T, etc |
Sales
1.
Domestic Markets
|
Product |
Machine tools, etc |
|
Selling Terms |
T/T, Cash, etc |
2.
Export
|
Product |
Machine tools, 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 Ms. Liu declined to disclose its financials citing the grounds of company’s confidentiality; from other sources we could not obtain such information, either.
|
1 |
|
|
Name |
First Bank |
|
2 |
|
|
Name |
Mega
International Commercial Bank |
|
3 |
|
|
Name |
Taipei Fubon Commercial Bank Co., Ltd. |
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. Liu |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
UK Pound |
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
MNL |
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.