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Report No. : |
331154 |
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Report Date : |
10.07.2015 |
IDENTIFICATION DETAILS
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Name : |
KAYTON INDUSTRY CO., LTD. |
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Registered Office : |
No.461, Sec.1, Futzuen Rd., Yuanlin Jen, Changhua, |
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Country : |
Taiwan |
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Date of Incorporation : |
15.01.1993 |
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Com. Reg. No.: |
84163267 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and
sale of tyre making machines |
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No. of Employees : |
60 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Taiwan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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: |
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Telephone Number: |
+886-4-832-2471 |
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Fax Number: |
+886-4-834-2822 |
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E-mail: |
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Website: |
Notes: The exact
name and address are as above.
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Registered Name: |
Kayton Industry
Co., Ltd. |
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Registered
Address: |
No.461, Sec.1,
Futzuen Rd., Yuanlin Jen, Changhua, Taiwan, R.O.C. |
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Date of
Foundation: |
1993-1-15 |
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Registration
Number: |
84163267 |
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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 26,000,000
(USD 806,000) |
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Legal
Representatives: |
Xiuxian He |
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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 1993-1-15 with registered number 84163267 as Joint Stock Company in Taiwan.
Factory
|
Address: |
No.461, Sec.1, Futzuen Rd., Yuanlin Jen, Changhua, Taiwan, R.O.C. |
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Date of Foundation: |
2000-9-6 |
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Date of Registration: |
2000-9-19 |
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Factory Registration Number: |
99650244 |
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Factory Manager: |
Xiuxian He |
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Status: |
In Production |
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Date of Last
Annual Return: |
2002-3-26 |
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Major Products: |
259 other metal products 292 other special-purpose machinery |
Major Shareholders
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Name |
Subscription Shares |
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Xiuxian He |
|
|
1,680 |
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|
Keying Li |
260 |
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Guihua Liang |
260 |
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Tinghan He |
140 |
Core Management
Directors
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1 |
||
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Name |
Xiuxian He |
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Position |
Board Chairman |
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2 |
||
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Name |
Keying Li |
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Position |
Director |
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3 |
||
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Name |
Guihua Liang |
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Position |
Director |
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4 |
||
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Name |
Tinghan He |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 60 Employees |
Offices & Factories
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Headquarters |
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Add |
No.47 Liuchiao East Road, Puhsin, Changhua, Taiwan, R.O.C. |
Production Information
Subject is engaged in manufacturing of tyre making machines, etc.
Subject has a factory in Changhua, Taiwan for production.
Purchase Information
The registered activities of subject:
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1 |
Design, manufacture and sale of rubber manufacturing machinery (including hardware, electrical spare parts) |
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2 |
Design, manufacture and sale of industrial hardware |
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3 |
Import and export trade of above mentioned items |
The components and raw materials for production are
purchased from both home and abroad such as Taiwan, Mainland China and Japan,
etc.
Subject is engaged in sale of tyre making machines, etc.
Subject’s products obtained the certification of CE.
The general delivery lead time of subject is about 4~8 weeks.
Subject’s sales regions include Taiwan, Mainland China, Japan, Thailand, Malaysia, Vietnam, Germany and Turkey, etc.
Subject’s major customers are “Bridgestone”, “Yokohama Toyo”, “NOK”, “Synztec”, “Inoue” and “Nishikawa”, etc.
Major Products
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1 |
Fully Automatic Batch-off Machine |
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2 |
Pin Barrel, Cold Feed & Hot Feed Extruder |
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3 |
Tread, Side-Wall Extrusion Cooling, Winding, Cutting Automation Train |
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4 |
Calendering Head Extruder |
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5 |
Inner Liner, Rubber Sheet Automatic Cooling, Cutting and Winding Train |
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6 |
Auto Splicing Type Fabric Cutter and Winder |
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7 |
Bead Wire Circumference Measuring Machine |
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8 |
Radial, Bias Tire Hydraulic Type Curing Machine |
|
9 |
Computer Controlled Drum Tester |
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components and raw materials |
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Payment Terms |
Cash, T/T, etc |
Import
|
Products |
Components and raw materials |
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Payment Terms |
T/T, etc |
Sales
Domestic Markets
|
Product |
Machines, etc |
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Selling Terms |
Cash, T/T, etc |
Export
|
Product |
Machines, 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 Mr. Zhan 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. Zhan |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.51 |
|
|
1 |
Rs.97.85 |
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Euro |
1 |
Rs.70.50 |
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 |
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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 |
-- |
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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.