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Report No. : |
303506 |
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Report Date : |
21.01.2015 |
IDENTIFICATION DETAILS
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Name : |
LUTRON INDUSTRIAL CO., LTD. |
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Registered Office : |
2FL., No.7, Alley 2, Lane 342, Fu Te 1st
Rd., Xizhi Dist., New Taipei City 221, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
20.12.1980 |
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Com. Reg. No.: |
07659704 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of machinery |
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No. of Employee : |
About 15 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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 |
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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: |
2FL., No.7,
Alley 2, Lane 342, Fu Te 1st Rd., Xizhi Dist., New Taipei City 221, Taiwan
(R.O.C.) |
|
Supplied Address: |
2F.,NO.7,ALLEY
2, LANE 342, FU DE 1ST ROAD, HSI CHIH DIST, NEW TAIPEI 22150, TAI |
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Telephone Number: |
+886-2-2694-0590 |
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Fax Number: |
Notes: The exact name and
address are as above.
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Registered Name: |
Lutron Industrial Co., Ltd. |
|
Registered Address: |
2FL., No.7, Alley 2, Lane 342, Fu Te 1st Rd.,
Xizhi Dist., New Taipei City 221, Taiwan (R.O.C.) |
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Date of Foundation: |
1980-12-20 |
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Registration Number: |
07659704 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
(As of 2015.01, 1 NTD = 0.031 USD) |
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Paid-up Capital: |
NTD 29,000,000 (USD 899,000) |
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Legal Representatives: |
Quanshun Wu |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Subject was incorporated
on 1980-12-20 with registered number 07659704
as Joint Stock Company in Taiwan.
Factory
|
Address: |
2FL., No.7, Alley 2, Lane 342, Fu Te 1st
Rd., Xizhi Dist., New Taipei City 221, Taiwan (R.O.C.) |
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Date of Foundation: |
1992-11-21 |
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Date of Registration: |
1993-1-6 |
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Factory Registration Number: |
99619079 |
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Factory Manager: |
Quanshun Wu |
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Status: |
In production |
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Date of Last Annual Return: |
2013-12-12 |
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Major Products: |
293 general machinery 251 metal hand tool and mold |
Major Shareholders
|
Name |
Subscription Shares |
|
Quanshun Wu |
978,954 |
|
Peiyu Xu |
373,915 |
|
Jiabo Wu |
383,488 |
|
Delin Huang |
160,969 |
|
Yuyun Lin |
81,410 |
|
Xingong Lin |
160,969 |
Core Management
Directors
|
1 |
||
|
Name |
Quanshun Wu |
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Position |
Board Chairman |
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2 |
||
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Name |
Peiyu Xu |
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Position |
Director |
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3 |
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Name |
Jiabo Wu |
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Position |
Director |
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4 |
||
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Name |
Delin Huang |
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Position |
Director |
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5 |
||
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Name |
Yuyun Lin |
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Position |
Director |
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6 |
||
|
Name |
Xingong Lin |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 15 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
2FL., No.7, Alley 2, Lane 342, Fu Te 1st Rd., Xizhi Dist., New Taipei
City 221, Taiwan (R.O.C.) |
Production
Information
Subject is engaged in manufacturing of machinery and etc.
Subject has a factory in Taiwan for production.
Purchase Information
The registered
activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing, processing and sales of automatic coil winding machine,
numerical machine and components. |
|
-- |
Manufacturing, processing and sales of motor automate, to manufacture
equipment/instrument. |
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-- |
Manufacturing, processing and sales of AC motor, DC motor and
components. |
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-- |
Manufacturing and sales of electrical auto equipment. |
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-- |
Manufacturing and sales of servo motor and stepper motor. |
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-- |
Manufacturing, processing and sales of electrical appliances (beauty conditioning
machine, food professor, cleaner, washing machine and juicer) |
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-- |
Exporting of whole facility machine. |
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-- |
Importing and exporting business of above related business. |
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Manufacturing and sales of automatic machinery facilities for
processing of wastes of animal husbandry. |
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-- |
Manufacturing and sales of agricultural automated machinery and
planning and contract of the related project. |
It is introduced that subject purchases its components and both at home
and abroad.
Subject is engaged in sale of machinery and etc.
The major products are motor winding machine, motor testing machine,
motor producing machine
Subject’s sales regions include Asia, Europe and America
Subject’s major customers are manufacturers of motors
It is introduced that subject can provide OEM services.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components |
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Payment Terms |
Cash, T/T |
Import
|
Products |
Components |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Machinery |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Machinery |
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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 Ms. 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
Up to date of reporting, no existing or latent
litigation of the subject has been found.
Interview Details
|
Name |
Ms. Chen |
|
Department |
Sales Department |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.85 |
|
|
1 |
Rs.93.27 |
|
Euro |
1 |
Rs.71.57 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
|
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 |
|
<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.