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Report No. : |
305195 |
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Report Date : |
31.01.2015 |
IDENTIFICATION DETAILS
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Name : |
SENHER PRECISION MACHINERY CO., LTD. |
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Registered Office : |
6F., No.88, Changchun Road., Luzhu Dist.,
Taoyuan City 338 |
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Country : |
Taiwan |
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Date of Incorporation : |
17.05.1999 |
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Com. Reg. No.: |
16918203 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Subject is operating as liaison office. |
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No. of Employee : |
About 10 Employees (Taiwan) About 150 Employees (Group) |
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: |
6F., No.88,
Changchun Rd., Luzhu Dist., Taoyuan City 338, Taiwan (R.O.C.) |
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Supplied Address: |
9F-2, NO.1249,
JHONGJENG RD, TAOYUAN CITY, TAOYUAN COUNTY, TAIWAN |
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Telephone Number: |
+886-3-222-3226/ 311-2808 |
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Fax Number: |
Notes: The exact name and address are as above;
subject’s relevant staff Ms. Qiu introduced she didn’t know the supplied
address.
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Registered Name: |
Senher Precision Machinery Co., Ltd. |
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Registered Address: |
6F., No.88, Changchun Rd., Luzhu Dist.,
Taoyuan City 338, Taiwan (R.O.C.) |
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Date of Foundation: |
1999-5-17 |
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Registration Number: |
16918203 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2015.01, 1 NTD = 0.0310 USD) |
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Paid-up Capital: |
NTD 16,000,000 (USD 496,000) |
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Legal Representatives: |
Ziping Wang |
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Legal Form: |
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Principal Activities: |
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Staff: |
About 150 Employees (Group) |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Subject was incorporated on 1999-5-17 with registered number 16918203 as Joint Stock Company in Taiwan.
Related Companies
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1 |
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Name: |
Fujian Wellsun Machinery Co., Ltd. (Translated) |
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Address: |
Xinghua Road, Xingtai Economic Development Zone, Changtai County,
Zhangzhou City, Fujian, China |
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Tel: |
+86-596-836-6588 |
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Fax: |
+86-596-836-6288 |
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Date of Registration: |
2008-4-3 |
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Registration Number: |
350600400005722 |
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Registry: |
Industry and Commerce Administration of Changtai County, Fujian
Province |
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Registered Capital: |
USD 5,000,000 |
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Legal Representatives: |
Jiannan Lin |
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Legal Form: |
Limited Liability Company |
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Principal activities: |
Manufacturing and sale of knitting machines, etc. |
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2 |
|
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Name: |
Ya Man Da (Xiamen) Trading Co., Ltd. (Translated) |
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Address: |
Room 307, Unit 3, Bldg 60, Lianjing Road. Siming District, Xiamen
City, Fujian Province |
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Tel: |
+86-592-550-5188 |
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Date of Registration: |
2008-12-3 |
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Registration Number: |
350200400032394 |
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Registry: |
Xiamen City Industry and Commerce Administration |
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Registered Capital: |
USD 500,000 |
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Legal Representatives: |
Bi-E Lin |
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Legal Form: |
Limited Liability Company |
Major Shareholders
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Name |
Subscription Shares |
|
Ziping Wang |
|
|
160,000 |
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Jiannan Lin |
153,000 |
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Jiamei Lin |
4,000 |
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Bi-E Lin |
3,000 |
Core Management
Directors
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1 |
||
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Name |
Ziping Wang |
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Position |
Board Chairman |
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2 |
||
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Name |
Jiannan Lin |
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Position |
Director |
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3 |
||
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Name |
Jiamei Lin |
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Position |
Director |
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4 |
||
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Name |
Bi-E Lin |
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Position |
Supervisor |
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Personnel
Structure
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Total Employees |
About 10 Employees (Taiwan) About 150 Employees (Group) |
|
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Headquarters |
|
Add |
6F., No.88, Changchun Rd., Luzhu Dist.,
Taoyuan City 338, Taiwan (R.O.C.) |
Operation Information
l
It is introduced that subject operates as a liaison
office for related company in Mainland China without purchase and sales
business and the main business of subject are to connect with banks and process
accounting files.
l
Subject’s related company Fujian Wellsun Machinery
Co., Ltd. is engaged in manufacturing of knitting machines and the major
products include single jersey knitting machines, double jersey knitting
machines, single jersey open/end knitting machines, towel machines, single knit
4/6 color striper, pile loop cut knitting and computerized jacquard, etc.
l
The components for production are purchases from
both home and abroad such as Mainland China, Japan and Germany.
l
Subject’s related company of Ya Man Da (Xiamen)
Trading Co., Ltd. is engaged in sales of the knitting machines, etc and its
sales regions include Asia, America, Africa and Europe, etc.
l
The registered activities of subject:
|
Business Code |
Details |
|
CB01010 |
Manufacturing of machinery |
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CB01990 |
Manufacturing of other machinery (empty
oil pressure machine and parts) |
|
E604010 |
Machinery installation |
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F113010 |
Wholesale of machinery |
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F113030 |
Wholesale of precise instrument |
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F213040 |
Retail of precise instrument |
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F213080 |
Retail of mechanical appliance |
Since subject is a
liaison office and it does not take orders at present, the settlement
information is not available.
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. Qiu 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. Qiu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.76 |
|
|
1 |
Rs. 93.13 |
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Euro |
1 |
Rs. 70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
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Report Prepared
by : |
ASH |
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.