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Report No. : |
305033 |
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Report Date : |
31.01.2015 |
IDENTIFICATION DETAILS
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Name : |
COMPUNIC ELECTRONICS CO., LTD. |
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Registered Office : |
7th Fl.-9, No.1, Wu-Chuan 1 Rd.,
Hsinchuang City, Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
01.12.1983 |
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Com. Reg. No.: |
12471259 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Design, Manufacture, Assembling and Sale
of Metal Detector Machines. |
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No. of Employee : |
About 50 |
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 |
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Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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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: |
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Supplied Address: |
7TH FL-9, NO.1,
WU-CHUAN 1 RD., HSINCHUANG DIST., NEW TAIPEI CITY, TAIWAN 24892 TAIWAN |
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Telephone Number: |
+886-2-2299-2533 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above.
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Registered Name: |
Compunic Electronics Co., Ltd. |
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Registered Address: |
7th Fl.-9, No.1, Wu-Chuan 1 Rd.,
Hsinchuang City, Taipei |
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Date of Foundation: |
1983-12-1 |
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Registration Number: |
12471259 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
NTD
20,000,000 (USD 620,000) (As of 2015.01, 1 NTD = 0.0310 USD) |
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Paid-up Capital: |
NTD 20,000,000 (USD 620,000) |
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Legal Representatives: |
Jinlong Wu |
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Legal Form: |
|
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Principal Activities: |
Design,
manufacture, assembling and sale of
metal detector machines. |
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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 1983-12-1 with registered number 12471259
as Joint Stock Company in Taiwan.
Factory
|
Address: |
7th Fl.-9, No.1, Wu-Chuan 1 Rd.,
Hsinchuang City, Taipei |
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Date of Foundation: |
1991-5-1 |
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Date of Registration: |
1991-5-20 |
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Factory Registration Number: |
99601985 |
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Factory Manager: |
Jinlong Wu |
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Status: |
In Production |
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Date of Last Annual Return: |
2011-3-25 |
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Major Products: |
271 computers and peripheral equipment 272 communications equipment 273 audio-visual products 275 measuration equipment, navigation equipment, control equipment and
clock 277 optical instrument 293 general machinery 249 other basic metal product |
Major Shareholders
|
Name |
Subscription Shares |
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Jinlong Wu |
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10,100 |
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Hansheng Wu |
950 |
|
Wenhua Xu |
6,300 |
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Jinzhu Wu |
750 |
Core Management
Directors
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1 |
||
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Name |
Jinlong Wu |
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Position |
Board Chairman |
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2 |
||
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Name |
Hansheng Wu |
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Position |
Director |
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3 |
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Name |
Wenhua Xu |
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Position |
Director |
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4 |
||
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Name |
Jinzhu Wu |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 50 Employees |
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Headquarters |
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Add |
Production Information
Subject is engaged in design,
manufacture and assembling metal detector machines, etc.
It is introduced that subject has an assembly plant in Taiwan.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
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CE01010 |
Manufacturing of general instruments |
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CC01110 |
Manufacturing of computers and peripheral equipment |
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CB01010 |
Manufacturing of machines |
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CC01080 |
Manufacturing of electronic components |
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CC01030 |
Manufacturing of electric appliances and audio-visual products |
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CC01060 |
Manufacturing of wire communication equipment |
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CC01070 |
Manufacturing of wireless communication equipment |
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F118010 |
Wholesale of software |
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F113050 |
Wholesale of computers and peripheral equipment |
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I301010 |
Software service |
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F113010 |
Wholesale of machines |
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F113030 |
Wholesale of precise instruments |
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F119010 |
Wholesale of electronic materials |
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F113020 |
Wholesale of electric appliances |
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F113070 |
Wholesale of telecommunications equipment |
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E701030 |
Installation of RF equipment controlled by telecommunication
regulation |
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EZ05010 |
Installation of instrument and apparatus |
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E601020 |
Electric appliances installation |
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E701010 |
Communication engineering |
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F401010 |
International trade business |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted |
The components and raw materials for production are mostly purchased in
domestic market.
Subject is engaged in sale of metal detector machines, etc.
The products are applied to the industries of
food, pharmacy, textile, garment, shoes making, toy, rubber and sports
equipment, etc.
It is introduced that subject’s products
obtained CE certification.
Subject’s sales regions focus on Asia and Middle East.
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components and raw materials |
|
Payment Terms |
Cash, T/T |
Import
Subject has little import.
Sales
Domestic Markets
|
Product |
Machines |
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Selling Terms |
Cash, T/T |
Export
|
Product |
Machines |
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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 Mr. Wu 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 |
Mr. Wu |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.75 |
|
|
1 |
Rs.93.13 |
|
Euro |
1 |
Rs.70.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
TPT |
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 |
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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.