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Report No. : |
326207 |
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Report Date : |
12.06.2015 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Room B, 6th Floor, NO.185, Chung Shan N. Rd., Sec.2, Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
20.09.1984 |
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Com. Reg. No.: |
12520441 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sale of medical equipment |
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No of Employees : |
About 220 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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) |
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Taiwan |
A2 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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 the difficulty of finding entry-level jobs.
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.75, Wenhua 1st
Road, Leshan Village, Guishan Township, Taoyuan County, Taiwan |
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Supplied Address: |
NO.75 WENHWA IST RD.KUEISHAN
TOWNSHIP,TAOYUAN HSIEN COUNTRY 33382 |
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Telephone Number: |
+886-3-328-9140 |
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Fax Number: |
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E-mail: |
Note: The exact name and address are as above.
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Credit Opinion: |
Subject was incorporated on 1984-9-20 with registered number 12520441 as Joint Stock Company in Taiwan.
Factories
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1 |
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|
Name: |
Linkou Factory |
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Address: |
No.75, Wenhua 1st Road, Leshan Li,
Guishan Dist., Taoyuan County, Taiwan |
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Date of Foundation: |
1986-6-3 |
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Date of Registration: |
1987-5-25 |
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Factory Registration Number: |
99621527 |
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Factory Manager: |
Chunsong Jiang |
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Status: |
In Production |
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Date of Last Annual Return: |
2002-10-16 |
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Major Products: |
332 medical
equipment and supplies 277 optical instrument
and equipment 276 radiation and electronic medical equipment |
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2 |
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Address: |
6/F., No.75-2, Wenhua 1st Road, Leshan Li, Guishan Dist.,
Taoyuan County, Taiwan |
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Date of Registration: |
2015-5-6 |
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Factory Registration Number: |
68000053 |
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Factory Manager: |
Zhijun Zhan |
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Status: |
In production |
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Date of Last Annual Return: |
2015-5-6 |
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Major Products: |
277 optical instrument and equipment |
Major Related Company
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Name |
Mediland (Nanjing) Medical Equipment Co.,
Ltd. |
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Address |
No.29, Qinhuai Road, Jiangning Economic and Technological Development
Zone, Nanjing City, Jiangsu Province, China |
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Registration Number |
320100400016914 |
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Date of Registration |
2002-6-25 |
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Registered Capital: |
CNY 1,500,000 |
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Legal Representatives: |
Yimin Jiang |
Major Shareholders
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Name |
Subscription Shares |
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Ding Jia Investment Co., Ltd. (Literal Translation) |
1,000,000 |
Shareholder
Information:
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Registered Name: |
Ding Jia Investment Co., Ltd. (Literal
Translation) |
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Registered Address: |
6th Floor-1, No.185, Sec 2, Zhongshan North
Road, Zhongshan District, Taipei City, Taiwan |
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Date of Foundation: |
1993-5-20 |
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Registration Number: |
84255651 |
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Registry: |
Taipei City Government |
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Registered Capital: |
NTD 6,500,000 (USD 209,950) (As of 2015.06, 1 NTD = 0.0323 USD) |
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Paid-up Capital: |
NTD 6,500,000 (USD 209,950) |
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Legal Representatives: |
Chunsong Jiang |
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Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2015-4-17 |
Core Management
Directors
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1 |
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Name |
Chunsong Jiang |
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Position |
Board Chairman |
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2 |
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Name |
Chunsen Jiang |
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Position |
Director |
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3 |
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Name |
Tianen Jiang |
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Position |
Director |
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4 |
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Name |
Yimin Jiang |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
Offices & Factories
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Headquarters |
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Add |
No.75, Wenhua 1st Road, Leshan Village, Guishan Township,
Taoyuan County, Taiwan |
Production Information
l
Subject is engaged in manufacturing of medical equipment, etc.
l
Subject has two factories in Taoyuan County, Taiwan
for production.
l
Subject obtained the certification of ISO
9001:2008.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
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-- |
General import and export business |
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Sales of medical equipment |
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Sales, installation, repair of all kinds of telecommunication equipment
(include wireless radio transceiver) and design, testing radio communications
system |
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Installation of all kinds of telecommunications line engineering |
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As an agent assist in developing quoting, bidding and distributing about
home and abroad company’s products (except future goods) |
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CF01011 |
Manufacturing of medical equipment |
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CE01030 |
Manufacturing of optical instrument |
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CA02990 |
Manufacturing of other metal product (hanging bracket, sterilizing
pan) |
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CE01010 |
Manufacturing of general instrument |
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F108031 |
Wholesale of medical equipment |
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ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
l
The components and raw material for production are mostly
purchased in domestic market.
l Subject is engaged
in sale of medical equipment, etc.
l
Subject’s major products are surgical light,
surgical table, pendant system, or integration system and accessory, etc.
l
Subject has own brand “Mediland”.
l
Subject’s sales regions include Taiwan, Mainland
China, Japan, South Korea, India, Europe and America, etc.
l
Subject’s major customers are Steris Corporation,
Exim America Corp. and American Hosp Scief Equip Co Del Peru SA, etc.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
1.
Domestic Purchase
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Products |
Raw material |
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Payment Terms |
T/T, Cash, etc. |
2.
Import
Subject has little import.
Sales
1.
Domestic Markets
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Product |
Medical equipment, etc. |
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Selling Terms |
T/T, Cash, etc. |
2.
Export
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Product |
Medical equipment, etc. |
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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 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
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Name |
Mr. Chen |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs. 63.89 |
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|
1 |
Rs. 98.89 |
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Euro |
1 |
Rs. 72.31 |
INFORMATION DETAILS
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Analysis Done by
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KRN |
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Report Prepared
by : |
DPT |
RATING EXPLANATIONS
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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.