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Report No. : |
349350 |
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Report Date : |
16.11.2015 |
IDENTIFICATION DETAILS
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Name : |
JUI CHIH MACHINERY INDUSTRIAL CO., LTD. |
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Registered Office : |
No.44, Kaiyuan Rd., Dajia Dist., Taichung
City 43762, Taiwan (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
27.09.1993 |
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Com. Reg. No.: |
84568062 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Sale of Injection Molding
Machinery. |
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No. of Employees : |
About 40 |
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 – 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 |
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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. 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.
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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.44, Kaiyuan
Rd., Dajia Dist., Taichung City 43762, Taiwan (R.O.C.) |
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Supplied Address: |
|
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Telephone Number: |
+886-4-2688-6580 |
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Fax Number: |
Note: The supplied telephone number +886-4-26834843
does not exist.
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Registered Name: |
Jui Chih Machinery Industrial Co., Ltd. |
|
Registered Address: |
No.44, Kaiyuan Rd., Dajia Dist., Taichung
City 43762, Taiwan (R.O.C.) |
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Date of Foundation: |
1993-9-27 |
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Registration Number: |
84568062 |
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Registry: |
Taichung City Government |
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Registered Capital: |
(As of 2015.11, 1 NTD = 0.0306 USD) |
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Paid-up Capital: |
NTD 20,000,000 (USD 612,000) |
|
Legal Representatives: |
Ruibin Yang |
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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 1993-9-27 with registered number 84568062
as Joint Stock Company in Taiwan.
Factory
|
Address: |
No. 138-142, Dajia Dist., Taichung City
43762, Taiwan (R.O.C.) |
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Date of Foundation: |
1993-10-26 |
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Date of Registration: |
1993-11-11 |
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Factory Registration Number: |
99641643 |
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Factory Manager: |
Ruibin Yang |
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Status: |
In Production |
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Date of Last Annual Return: |
2003-2-19 |
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Major Products: |
292 other special machinery |
Major Related
Companies
|
1 |
|
|
Name |
Jui Chih Machinery Mould (Kunshan) Co., Ltd |
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Address |
No. 168, Guoze Rd., Kunjia High-tech Industrial Zone, Penglang Town,
Kanshan City, Jiangsu Province, China |
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Tel. |
+86 -512-5761-8801 |
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Fax |
+86 -512-5761-8229 |
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|
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|
Name |
Jui Chih Machinery Mould (Tianjin) Co., Ltd |
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Address |
Langyuan E. Rd., Langyuan Industrial Park, Shuanjie Town, Beichen
Dist., Tianjin, China |
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Tel. |
+86 -22-2688-7636 |
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Fax |
+86 -22-2698-6788 |
Office
|
Name |
Shenzhen office |
|
Address |
Block 3, Zone A, Shangcun Liantang Industrial Park, Gongming Town,
Shenzhen, Guangdong Province, Mainland China |
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Tel. |
+86-755-2989-2789 |
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Fax |
+86 -755-2989-2682 |
Major Shareholders
|
Name |
Subscription Shares |
|
Ruibin Yang |
605,160 |
|
Jiansheng Lin |
|
|
354,160 |
|
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Zhilang Lin |
247,660 |
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Mingxiong Wang |
336,200 |
|
Jiancai Lin |
354,160 |
|
Lixu Chen |
102,660 |
Core Management
Directors
|
1 |
||
|
Name |
Ruibin Yang |
|
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Position |
Board Chairman |
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2 |
||
|
Name |
Jiansheng Lin |
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Position |
Director |
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3 |
||
|
Name |
Zhilang Lin |
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Position |
Director |
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4 |
||
|
Name |
Mingxiong Wang |
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Position |
Director |
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5 |
||
|
Name |
Jiancai Lin |
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Position |
Director |
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6 |
||
|
Name |
Lixu Chen |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 40 employees (Taiwan) |
Offices & Factories
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Headquarters |
|
Add |
No.44, Kaiyuan Rd., Dajia Dist., Taichung City 43762, Taiwan (R.O.C.) |
Production Information
Subject is engaged in manufacturing of injection molding machinery.
Subject has a factory in Taiwan for production.
Purchase Information
The registered activities of subject:
|
1 |
Design of machinery and machinery model (Shoemaking machinery,
woodworking machinery, injection molding machinery, bicycle special-purpose
machinery, food machinery) |
|
2 |
Processing and manufacturing of above parts of machinery and machinery
model |
|
3 |
Trading of above products |
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4 |
Technology transfer of above products |
The components and raw material for production are purchased from both
home and abroad.
Subject is engaged in sale of injection molding machinery.
The major products sold by the subject are for manufacturing bicycle and
its parts, sports equipment and so on.
It is introduced that subject has over 300 models machinery.
Subject’s sales regions include domestic market, India, Mainland China
and Southeast Asia.
The general delivery lead time of subject is about 90 days.
Major Products
|
Types |
Products |
|
Tube Pre-Processing Equipment |
pipe disc cutting m/c, semi-auto pipe
cutting m/c (saw cutting), semi-auto alloy pipe cutting m/c(high speed),
water bottle hole drilling m/c |
|
Frame Assembly & Brazing Equipment |
front triangle alignment m/c, seat tube auto
brazing m/c, auto brass cutting mc |
|
MTB & BMX Frame Assenbley And Wilding
Equipment |
seat stay notching m/c, seat stay milling
m/c, chain stay bending notching m/c, etc. |
|
Front Fork & Rear Stay Equipment |
manual swaging m/c, manual swaging m/c, auto
swaging m/c(rotary type), etc. |
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Frame Blade & Rear Stay Equipment |
semi-auto swaging m/c (rotary type) |
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Front Fork Stem Making Equipment |
B.B. threading m/c, handlebar stem double
ends notching m/c, front fork end assembling m/c |
|
Front Fork Assembly & Brazing Equipment |
sus. fork inner hole reaming m/c, front fork
alignment m/c, auto front fork collar lathe |
|
MTB & BMX Unicrown Fork Assembly And
Welding Equipment |
auto front fork end brazing m/c(rotary type),
front fork tube mitering m/c (unicrowin type) |
|
Rim Assembly Equipment |
wheel manual truing m/c, ire mounting
m/c(manual type), spoke & nipple positioning m/c. |
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Frame Assembly Equipment |
head badge drilling m/c,
front fork crown pressing m/c(horizontal type),
pre-assembling conveyer |
|
Bicycle Testing Equipment |
bicycle road performance tester, front fork
roa-ride testing m/c, suspension fork vibration testing m/c |
|
Handlebar Making Equipment |
handlebar serration m/c, semi-auto handlebar
shrinking & drawing m/c |
|
FAM EV JM JE series |
hydraulic pressing m/c(200t), cathode rays
bending m/c and fuel tank folding m/c |
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw material |
|
Payment Terms |
T/T, Cash |
Import
|
Products |
Raw material |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Injection molding machinery |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Injection molding machinery |
|
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
|
Name |
Ms. Yang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.14 |
|
|
1 |
Rs.100.55 |
|
Euro |
1 |
Rs.71.27 |
INFORMATION DETAILS
|
Analysis Done by
: |
HEE |
|
|
|
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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 |
|
|
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 |
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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.