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Report No. : |
324394 |
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Report Date : |
02.06.2015 |
IDENTIFICATION DETAILS
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Name : |
CENTRALION INDUSTRIAL INC. |
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|
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Registered Office : |
No.93, |
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Country : |
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Date of Incorporation : |
04.08.1969 |
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Com. Reg. No.: |
03211818 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sale of power products |
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|
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No. of Employees : |
Not Available |
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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|
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Taiwan |
A2 |
A1 |
|
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. However, negotiations on follow-on components of ECFA, including an agreement on trade in services, deals on trade in goods, and dispute resolution—have stalled. In early 2014, the government bowed to public demand for a new law governing the oversight of cross-Strait agreements, before any additional deals with China are implemented; the legislature has yet to vote on such legislation, leaving the future of ECFA up in the air as President MA enters his final full year in office. MA has portrayed ECFA as Taiwan’s key to greater participation in East Asia’s free trade networks. 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 expected to account for 20% of the island's total population by 2025. The island runs a trade surplus, largely because of its surplus with China, and its foreign reserves are the world's fourth largest, behind those of China, Japan, and Russia. 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, the 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 has helped Taiwan develop into a local RMB hub. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also pose new challenges as the island becomes more economically dependent on China at a time when political differences remain unresolved. During 2014, the press paid increasing attention to domestic economic issues while pushing aside the debates over trade liberalization that were a hallmark of MA’s tenure. The media focused on the divide between Taiwan’s “haves” and “have nots,” providing extensive coverage of public frustration with stagnant wages, skyrocketing housing prices, and th
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Source
: CIA |
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Company Name: |
|
|
Supplied Name: |
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|
Trading Address: |
No.93, Xinhu 3rd Rd., Neihu
Dist., Taipei City 11494, Taiwan (R.O.C.) |
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Supplied Address: |
|
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Telephone Number: |
+886-2-2794-6363 |
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Fax Number: |
+886-2-6606-8704 |
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E-mail: |
Notes: The exact
name and address are as above.
Notes: Subject declined to disclose its
staff number; from other source we cannot obtain the relevant information,
either.
Subject was incorporated on
1969-8-4 with registered number 03211818 as Joint Stock Company in Taiwan.
Parent Company
|
Registered Name: |
Eaton
Phoenixtec Mmpl Co., Ltd. |
|
Registered Address: |
No.269-1,
Baodong Rd., Guanmiao Dist., Tainan City 71841, Taiwan (R.O.C.) |
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Date of Foundation: |
1985-6-1 |
|
Registration Number: |
73735839 |
|
Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
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Registered Capital: |
NTD 6,496,000,000 |
|
Paid-up Capital: |
NTD 6,496,000,000 |
|
Legal Representatives: |
Louis Abraham Rosen |
|
Legal Form: |
Joint Stock Company |
|
Listed
at Stock Exchange: |
No |
Major Related Companies
|
1 |
|
|
Name |
Phoenixtec
Electronics (Shenzhen) Co., Ltd. |
|
Address |
16th
Bldg, Shatou Jiao Bonded Area, Yantian District, Shenzhen City, Guangdong
Province, China |
|
Telephone
Number |
+86-755-2526-0880 |
|
Fax
Number |
+86-755-2526-0410 |
|
2 |
|
|
Name |
Santak
Electronics (Shenzhen) Co., Ltd. |
|
Address |
8
Baoshi Road, Bao'an District, Shenzhen City, Guangdong Province, China |
|
Telephone
Number |
+86-755-2757-2666 |
|
Fax
Number |
+86-755-2757-2730 |
Major
Shareholders
|
Name |
Subscription Shares |
|
Eaton
Phoenixtec Mmpl Co., Ltd. |
23,924,940 |
Core Management
Directors
|
1 |
|
|
Name |
Louis
Abraham Rosen |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Leck
Ee Muan |
|
Position |
Director |
|
3 |
|
|
Name |
Shihuan
Wei |
|
Position |
Director |
|
4 |
|
|
Name |
Wenbing
Chen |
|
Position |
Supervisor |
Offices
& Factories
|
|
Headquarters |
|
Add |
No.93,
Xinhu 3rd Rd., Neihu Dist., Taipei City 11494, Taiwan (R.O.C.) |
Production Information
·
Subject
is engaged in manufacturing of power
products
·
Subject
has factories in Taiwan and the mainland of China for production.
·
Subject
obtained the certifications of ISO 9001 and ISO 14001.
Purchase Information
·
The
registered activities of subject:
|
Business
Code |
Details |
|
F401010 |
International
Trading Business |
|
CC01010 |
Manufacture
of power generating, power transmission, power distribution machinery |
|
ZZ99999 |
Besides
licensed business, all other business items those are not banned or
restricted. |
·
Subject
purchases its raw materials and components both at home and abroad.
·
It
is introduced that subject purchases its components mainly in domestic market.
·
It
is introduced that subject imports some technologies from USA.
·
Subject
is engaged in sale of power products
·
The
major products include UPS (Off Line UPS, Line Interactive UPS and On Line
UPS), AVR (Power Mate AVR (450 / 625 / 1000VA ), Voltage Regulating, Suitable
for Home and Office equipment, Heavy duty reliable design, High voltage and low
voltage protection (option), Rear Panel Information), Inverter / Charger,
Telecom Power System, Solar Power System, UPS monitoring software branded
WinPower and so on.
·
Subject’s
sales regions cover China, India, Arica, USA, Europe, and Middle East.
·
Subject’s
major customers are manufacturers of electronic and electrical products,
telecommunication equipment.
·
It
is introduced that subject can provide OEM and ODM services.
Import
and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Purchase
Domestic
Purchase
|
Products |
Components |
|
Payment Terms |
Cash, T/T |
Import
|
Products |
Raw
materials and components |
|
Payment Terms |
L/C, T/T |
Sales
Domestic
Markets
|
Product |
Power products |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Power products |
|
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 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
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
UK Pound |
1 |
Rs.97.27 |
|
Euro |
1 |
Rs.69.63 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
VNT |
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 |
-- |
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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.