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Report No. : |
349341 |
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Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
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Name : |
CHIN HAUR INDUSTRY CO., LTD. |
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Registered Office : |
No.85, Chiang Shan Rd., Daliao Dist., Kaohsiung
City 831 |
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Country : |
Taiwan |
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Date of Incorporation : |
18.05.1985 |
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Com. Reg. No.: |
76546255 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sale of bicycle parts. |
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No. of Employee : |
About 150 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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|
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Payment Behaviour : |
Slow but correct |
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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 |
|
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.
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, follow-on components of the ECFA, including a signed agreement on
trade in services and negotiations on trade in goods and dispute resolution,
have stalled. In early 2014, the government bowed to public demand and proposed
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 nearly 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 fifth largest, behind those of China, Japan,
Saudi Arabia, 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, the
Taiwan Central Bank signed a memorandum of understanding (MOU) 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 Taiwan’s
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 decent
entry-level jobs.
|
Source
: CIA |
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Company Name: |
|
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Supplied Name: |
|
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Trading Address: |
No. 85, Chiang
Shan Rd., Daliao Dist., Kaohsiung City 831, Taiwan |
|
Supplied Address: |
|
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Telephone Number: |
+886-7-701-1621~5 |
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Fax Number: |
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E-mail: |
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Subject was incorporated
on 1985-5-18 with registered number 76546255 as Joint Stock Company in Taiwan.
Factory
|
Address: |
No.85, Chiang Shan Rd., Daliao Dist., Kaohsiung
City 831, Taiwan |
|
Date of Foundation: |
1990-12-31 |
|
Date of Registration: |
1990-12-31 |
|
Factory Registration Number: |
99663957 |
|
Factory Manager: |
Jincheng Lin |
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Status: |
In Production |
|
Date of Last Annual Return: |
2002-4-3 |
|
Major Products: |
259 other metal products 303 automobile parts 312 motorcycle and related parts 313 bicycle and its parts |
Related Companies
|
1 |
|
|
Name |
P. T. Chin Haur Indonesia |
|
Address |
JL. Raya Curug KM.2. KP. Cisereh, DS. Kadujaya, KEC. Curug,Tangerang
15810, Indonesia |
|
Telephone No. |
+62-21-598-1571~3 |
|
2 |
|
|
Name |
Chin Hao Precision Industry (Shenzhen) Co., Ltd. |
|
Address |
No. 27, 3 Rd., Industrial, Da Wang Shan Village, Sha Jing Town, Baoan
County, Shenzhen, P.R. China |
|
Telephone No. |
+86-755-2722-5112~3 |
Major Shareholders
|
Name |
Subscription Shares |
|
Jincheng Lin |
|
|
41,100 |
|
|
Qiuxue Wang |
7,650 |
|
Yiqing Lin |
6,050 |
|
Jinshi Lin |
13,700 |
Core Management
Directors
|
1 |
||
|
Name |
Jincheng Lin |
|
|
Position |
Chairman of the Board |
|
|
2 |
||
|
Name |
Qiuxue Wang |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Yiqing Lin |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Jinshi Lin |
|
|
Position |
Supervisor |
|
Personnel
Structure
|
Total Employees |
About 150 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.85, Chiang Shan Rd., Daliao Dist., Kaohsiung City 831, Taiwan |
Production
Information
Subject is engaged in manufacturing of bicycle parts
Subject has a factory in Taiwan for production.
It is introduced that subject’s factory area is about 13,200 square
meters.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing and sale of vehicle accessories tools |
|
-- |
Manufacturing and processing of construction machinery hardware |
|
-- |
Agent of the above business |
|
CA03010 |
The heat treatment industry |
|
CA04010 |
Surface treatment industry |
The components and raw materials for production are purchased both at
home and abroad.
Subject is engaged in sale of bicycle parts
The major products of the subject are front fork bowl components,
spindle unit, head set, steel hubs, bottom brackets
Subject’s sales regions include domestic market and abroad.
Subject’s major customers are manufacturers of bicycles
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components and raw materials |
|
Payment Terms |
T/T, Cash |
Import
|
Products |
Components and raw materials |
|
Payment Terms |
L/C, T/T |
Domestic Markets
|
Product |
Bicycle parts |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Bicycle parts |
|
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
|
1 |
|
|
Case Type: |
Chattel Mortgage |
|
Registered Number: |
4766 |
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Debtor Name: |
Chin Haur Industry Co., Ltd. |
|
Registry: |
Economic Development Bureau of Kaohsiung City Government |
|
Mortgagee: |
Zhongzu Dihe Co., Ltd. (Literal Translation) |
|
Date of Registration: |
2015-8-19 |
|
Amount of Secure Claims: |
NTD 32,400,000 |
|
Type of Subject Matter: |
Machinery, equipment or tools |
|
2 |
|
|
Case Type: |
Chattel Mortgage |
|
Registered Number: |
3677 |
|
Debtor Name: |
Chin Haur Industry Co., Ltd. |
|
Registry: |
Economic Development Bureau of Kaohsiung City Government |
|
Mortgagee: |
Herun Co., Ltd. (Literal Translation) |
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Date of Registration: |
2013-8-19 |
|
Amount of Secure Claims: |
NTD 14,400,000 |
|
Type of Subject Matter: |
Machinery, equipment or tools |
|
3 |
|
|
Case Type: |
Chattel Mortgage |
|
Registered Number: |
096659 |
|
Debtor Name: |
Chin Haur Industry Co., Ltd. |
|
Registry: |
Economic Development Bureau of Kaohsiung City Government |
|
Mortgagee: |
Bank of Taiwan Co., Ltd. |
|
Date of Registration: |
2009-1-21 |
|
Amount of Secure Claims: |
NTD 18,000,000 |
|
Type of Subject Matter: |
Machinery, equipment or tools |
|
4 |
|
|
Case Type: |
Chattel Mortgage |
|
Registered Number: |
068920 |
|
Debtor Name: |
Chin Haur Industry Co., Ltd. |
|
Registry: |
Economic Development Bureau of Kaohsiung City Government |
|
Mortgagee: |
Bank of Taiwan Co., Ltd. |
|
Date of Registration: |
2012-12-13 |
|
Amount of Secure Claims: |
NTD 47,850,000 |
|
Type of Subject Matter: |
Machinery, equipment or tools |
|
5 |
|
|
Case Type: |
Chattel Mortgage |
|
Registered Number: |
061083 |
|
Debtor Name: |
Chin Haur Industry Co., Ltd. |
|
Registry: |
Economic Development Bureau of Kaohsiung City Government |
|
Mortgagee: |
Bank of Taiwan Co., Ltd. |
|
Date of Registration: |
1999-2-22 |
|
Amount of Secure Claims: |
NTD 55,500,000 |
|
Type of Subject Matter: |
Machinery, equipment or tools |
Lawsuit
Up to date of reporting, no existing or latent litigation
of the subject has been found.
Interview Details
|
Name |
Ms. Chen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
|
Report Prepared
by : |
ANK |
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 |
-- |
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.