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Report No. : |
323128 |
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Report Date : |
20.05.2015 |
IDENTIFICATION DETAILS
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Name : |
SINPRO ELECTRONICS CO., LTD. |
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Registered Office : |
No.5, Yuan West St., Pingtung City, Pingtung County, |
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Country : |
Taiwan |
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Date of Incorporation : |
10.07.1995 |
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Com. Reg. No.: |
89582325 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Subject is manufacturing and sales of power
supplies. |
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No. of Employee : |
About 260 |
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 – 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 |
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Moderate |
B1 |
|
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: |
SINPRO ELECTRONICS CO., LTD. |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
18F,NO.80,MINZU
1ST RD,SANMIN DISTRICT , KAOHSIUNG CITY 807 TAIWAN |
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Telephone Number: |
+886-7-396-6100 |
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Fax Number: |
+886-7-396-6106 |
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E-mail: |
Notes: The exact name and address are as above.
Subject was incorporated
on 1995-7-10 with registered number 89582325 as Joint Stock Company in Taiwan.
Change
of Name
|
Former English Name |
Sinpro Electronic Co., Ltd. |
|
Current English Name |
Sinpro Electronics Co., Ltd. |
Factories
|
1 |
|
|
Address: |
No.5, Yuan West St., Pingtung City, Pingtung
County, Taiwan, R.O.C. |
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Date of Registration: |
2010-10-27 |
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Factory Registration Number: |
90P00019 |
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Factory Manager: |
Zhenxiong Qiu |
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Status: |
In Production |
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Date of Last Annual Return: |
2010-10-27 |
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Major Products: |
269 Other electronic components and parts |
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Telephone Number |
+886-8-7550116 |
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Area: |
About 10,250 square meters |
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2 |
|
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Name |
Shenzhen Factory |
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Address |
Floor 1-3, No.1 Workshop Building,
Shengzuozhi Sci.&Tech. Industry Park, Xinyu North Rd., Shajing Subdistrict,
Bao'an District, Shenzhen City, Guangdong Province, China |
|
Telephone Number |
+86-755-2305-4785 |
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Fax Number |
+86-755-2792-1674 |
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Area: |
About 10,600 square meters |
Branch Companies
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Name: |
Kaohsiung Branch |
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Address: |
18F.-1, No.80, Sanmin Dist., Kaohsiung City, Taiwan (R.O.C.) |
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Registration Number |
80748612 |
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Date of Registration |
2004-4-7 |
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Manager Name |
Zhenxiong Qiu |
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Date of Last Annual Return |
2006-8-1 |
Major Shareholders
|
Name |
Subscription
Shares |
|
Zhenxiong Qiu |
3,832,132 |
|
Zhiming Chen |
1,042,611 |
|
Baoyin Chen |
655,409 |
|
Tian’ En Liu |
622,486 |
|
Yizhou Huang |
195,325 |
|
Guoping Qiu |
394,643 |
Core Management
Directors
|
1 |
||
|
Name |
Zhenxiong Qiu |
|
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Position |
Board Chairman |
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2 |
||
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Name |
Zhiming Chen |
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Position |
Director |
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3 |
||
|
Name |
Baoyin Chen |
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Position |
Director |
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4 |
||
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Name |
Tian’ En Liu |
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Position |
Director |
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5 |
||
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Name |
Yizhou Huang |
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Position |
Director |
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6 |
||
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Name |
Guoping Qiu |
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Position |
Supervisor |
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7 |
||
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Name |
Zhiming Chen |
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Position |
Manger |
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Date of Appointment |
1999-6-7 |
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8 |
||
|
Name |
Baoyin Chen |
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Position |
Manger |
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Date of Appointment |
1999-6-7 |
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Personnel
Structure
|
Total Employees |
About 260 Employees (Taiwan) |
Offices &
Factories
|
|
Headquarters |
|
Add |
18/F, No.80, Minzu 1st Road, Nanzi Export Processing Zone, Sanmin District,
Kaohsiung City, Taiwan, R.O.C. |
Production
Information
Subject is engaged in manufacturing of power supplies and etc.
Subject has two factories in Taiwan and the mainland of China for
production.
Subject obtained the certification of ISO 9001:2008 and ISO 14001:2004.
It is introduced that subject has a R & D centre (about 2,000 square
meters) in Kaohsiung City, Taiwan.
It is introduced that subject’s production information as following:
Production
Capacity
|
Name |
Monthly Production Capacity |
|
Pingtung Factory |
About 300,000 pieces |
|
Shenzhen Factory |
About 500,000 pieces |
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing and trading of transformer, power adapter, power supply |
|
-- |
Manufacturing and sale of electronic components |
|
-- |
Trading of packaging materials |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned
or restricted |
It is introduced that subject purchases its components and etc mainly in
domestic market.
Subject is engaged in sale of power supplies and etc.
Subject’s sales regions cover Taiwan, the mainland of China, Japan, South
Korea, Europe and etc.
Subject’s major customers are manufacturers of mobile phone, computers,
medical devices, lighting equipment and etc.
Subject can also provide OEM and ODM services.
It is introduced that the minimum order quantity of Shenzhen factory is
about 5,000 pieces.
Major
products
|
Type |
Product |
|
Consumer Market Power Supply |
Power Adapter Open Frame Power Supplies |
|
Medical power supply |
External Power Supplies Open Frame Power Supplies U Bracket Power Supplies |
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I.T.E. Power Supply |
Waterproof Power Supply External Power Supplies Open Frame Power Supplies Enclosure Power Supplies U Bracket Power Supplies L Bracket Power Supplies |
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Medical Power Supply |
External Power Supplies Open Frame Power Supplies U Bracket Power Supplies |
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Health Care Power Supply |
External Power Supplies Open Frame Power Supplies |
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Industrial Power Supply |
External Power Supplies Open Frame Power Supplies Enclosure Power Supplies U Bracket Power Supplies L Bracket Power Supplies |
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Extreme operating temp. Power |
External Power Supplies Open Frame Power Supplies |
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DC / DC Converter |
Isolation Voltage: 500VDC Isolation Voltage: 1000VDC Isolation Voltage: 1500VDC |
|
LED Power Supply |
LED Driver (AC/DC) LED Driver Module(DC/DC) |
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Tooling Driver |
Screw Driver Power Supplies |
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components and etc |
|
Payment Terms |
T/T, Cash, etc |
Import
The subject has little import.
Sales
Domestic Markets
|
Product |
Power supplies and etc. |
|
Selling Terms |
T/T, Cash, etc |
Export
|
Product |
Power supplies and etc. |
|
Selling Terms |
T/T, L/C, 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.
|
Name |
Bank of Taiwan Pingtung Branch |
|
Address |
43 Chung Shane Road, Pingtung, Taiwan, R.O.C. |
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Account No.: |
017007001175 |
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SWIFT Code: |
BKTWTWTP017 |
Note: We tried to confirm the supplied banking
information, however, the subject declined to disclose any details of this
information for us, the above information we supplied was coming from our data
base.
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.63.69 |
|
|
1 |
Rs.99.73 |
|
Euro |
1 |
Rs.71.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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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.