|
Report No. : |
351349 |
|
Report Date : |
27.11.2015 |
IDENTIFICATION DETAILS
|
Name : |
KENT INDUSTRIAL CO., LTD. |
|
|
|
|
Registered Office : |
13F., No. 27, Lane 61, Sec. 1, Kwang Fu Rd.,
San Chung Dist., New Taipei City 241 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
16.03.1966 |
|
|
|
|
Com. Reg. No.: |
35309102 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of machine tools |
|
|
|
|
No. of Employee : |
About 150 Employees |
RATING & COMMENTS
|
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 |
|
Payment Behaviour : |
No complaints |
|
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 |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
13F., No.27,
Lane 61, Sec. 1, Kwang Fu Rd., San Chung Dist., New Taipei City, Taiwan,
R.O.C. |
|
Supplied Address: |
13/F, No. 27,
Lane 61, Sec-1, Kwang Fu Road, san Chung City Taipei 241 Taiwan |
|
Telephone Number: |
+886-2-2995-1425 |
|
Fax Number: |
|
|
E-mail: |
|
|
Website: |
Notes: The exact name and address are as above.
Subject was incorporated
on 1966-03-16 with registered number 35309102
as Joint Stock Company in Taiwan.
Factory
|
Name: |
Douliu Factory |
|
Address: |
No. 17, Doukung 9th Rd., Dou Liu Expanded Industrial Park, Douliu
City, Yunlin County, Taiwan, R.O.C. |
|
Telephone Number: |
+886-5-557-5356 |
|
Fax Number: |
+886-5-557-5136 |
Major Related
Companies
|
1 |
|
|
Name: |
Zhejiang Rongde Machinery Co., Ltd. (Literal Translation) |
|
Address: |
No.58, Jianshe 2nd Road, Xiaoshan Economic and
Technological Zone, Zhejiang Province, China |
|
Telephone Number: |
+86-571-8283-1781 |
|
Fax Number: |
+86-571-8283-1780 |
|
Date of Registration: |
1993-07-03 |
|
Registration Number: |
330000400002464 |
|
Registered Capital: |
USD 7,500,000 |
|
Legal Representative: |
Jinpei Li |
|
Legal Form: |
Limited Liability Company |
|
2 |
|
|
Name: |
Kent International USA Inc. |
|
Address: |
13941 Magnolia Avenue Chino, CA 91710 U.S.A. |
|
Telephone Number: |
+1-909-465-0200 |
|
Fax Number: |
+1-909-465-0211 |
Major Shareholders
|
Name |
Subscription Shares |
|
Jinpei Li |
939,511 |
|
Taiwan Venture Investment Co., Ltd.
(Literal Translation) |
|
|
3,797,264 |
|
|
6,835,719 |
|
|
NM International co., Ltd. |
630,366 |
|
Zhengkan Shen |
3,046,824 |
|
KHMT Incorporate Ltd. |
3,072,204 |
|
Qiuhuang Ji |
865,650 |
|
Junhui Ke |
2,373,000 |
|
Guan Rong Investment Co., Ltd. (Literal Translation) |
2,737,186 |
|
He Ming Investment Co., Ltd. (Literal Translation) |
2,796,286 |
Shareholder Information:
|
1 |
|
|
Registered Name: |
Taiwan Venture Investment Co., Ltd. (Literal Translation) |
|
Registered Address: |
5/F., No. 394, Minsheng West Rd., Datong
Dist., Taipei City, Taiwan |
|
Date of Foundation: |
1987-05-15 |
|
Registration Number: |
22554052 |
|
Registry: |
Taipei City Government |
|
Legal Representatives: |
Changqi Ke |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2015-07-03 |
|
2 |
|
|
Registered Name: |
NM International Co., Ltd. |
|
Registered Address: |
2/F., No. 28, Sanhe 1st Road, Puyi
Li, Zhongli Dist., Taoyuan City, Taiwan |
|
Date of Foundation: |
2010-10-12 |
|
Registration Number: |
53167274 |
|
Registry: |
MOEA Central Office |
|
Legal Representatives: |
Jineng Lu |
|
Legal Form: |
Private Limited Liability Company |
|
Date of Last Annual Return: |
2015-06-10 |
|
3 |
|
|
Registered Name: |
KHMT Incorporate Ltd. |
|
Registered Address: |
No. 162, Qiancun Rd., Dafeng Li, Daya Dist.,
Taichung City, Taiwan |
|
Date of Foundation: |
2007-05-07 |
|
Registration Number: |
28659841 |
|
Registry: |
Taichung City Government |
|
Legal Representatives: |
Guodong Lu |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2014-10-09 |
|
4 |
|
|
Registered Name: |
Guan Rong Investment Co., Ltd. (Literal Translation) |
|
Registered Address: |
11F-20, No. 237, Sec. 2, Fuxing South Rd.,
Da-an Dist., Taipei City, Taiwan |
|
Date of Foundation: |
1999-09-30 |
|
Registration Number: |
70440543 |
|
Registry: |
Taipei City Government |
|
Legal Representatives: |
Sishu Lu |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2015-05-19 |
|
5 |
|
|
Registered Name: |
He Ming Investment Co., Ltd. (Literal Translation) |
|
Registered Address: |
8/F., No. 225, Zhonghua 1st Rd.,
Gushan Dist., Kaohsiung City, Taiwan |
|
Date of Foundation: |
2013-06-05 |
|
Registration Number: |
54199598 |
|
Registry: |
Economic Development Board of Kaohsiung City Government |
|
Legal Representatives: |
Jinpei Li |
|
Legal Form: |
Private Limited Liability Company |
|
Date of Last Annual Return: |
2013-08-15 |
|
6 |
|
|
Registered Name: |
Morerich Co., Ltd. |
|
Registered Address: |
11/F-20, No.237, Sec.2, S. Fuxing Rd., Da An
Dist., Taipei City, Taiwan |
|
Date of Foundation: |
1990-06-27 |
|
Registration Number: |
23823007 |
|
Registry: |
Taipei City Government |
|
Legal Representatives: |
Jisheng Lu |
|
Legal Form: |
Private Limited Liability Company |
|
Date of Last Annual Return: |
2014-12-29 |
Core Management
Directors
|
1 |
||
|
Name |
Jinpei Li |
|
|
Position |
Chairman of the Board |
|
|
2 |
||
|
Name |
Yanhui Ke |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
||
|
Position |
Director |
|
|
4 |
||
|
Name |
NM International Co., Ltd. |
|
|
Position |
Director |
|
|
5 |
||
|
Name |
Zhengkan Shen |
|
|
Position |
Director |
|
|
6 |
||
|
Name |
KHMT Incorporate Ltd. |
|
|
Position |
Director |
|
|
7 |
||
|
Name |
Qiuhuang Ji |
|
|
Position |
Director |
|
|
8 |
||
|
Name |
Junhui Ke |
|
|
Position |
Supervisor |
|
|
9 |
||
|
Name |
Guan Rong Investment Co., Ltd. (Literal Translation) |
|
|
Position |
Supervisor |
|
|
10 |
||
|
Name |
He Ming Investment Co., Ltd. (Literal Translation) |
|
|
Position |
Supervisor |
|
|
11 |
||
|
Name |
Xunsheng Lian |
|
|
Position |
Manager |
|
|
Date of Appointment |
2014-01-06 |
|
Personnel
Structure
|
Total Employees |
About 150 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
13F., No.27, Lane 61, Sec. 1, Kwang Fu Rd., San Chung Dist., New Taipei
City, Taiwan, R.O.C. |
Production
Information
Subject is engaged in manufacturing of machine tools, etc.
Subject has a factory (about 15,000 square meters) in Douliu City,
Yunlin County, Taiwan for production.
Subject obtained the certifications of ISO 9001 and ISO 14001, etc.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing and sales of all kinds of precision tools, steel mould |
|
-- |
All kinds of special steel metal Heat treatment |
|
-- |
Design, manufacturing and sales of all kinds of automatic machine |
|
-- |
Manufacturing and sales of all kinds of electric machinery punch
processed products |
|
-- |
Manufacturing and sales of hoisting machinery |
|
-- |
Importing and sales of weights and measures |
|
-- |
Design, manufacturing, processing and sales of all kinds of injection
molding machine |
|
-- |
Research, design, manufacturing, processing and sales of |
|
-- |
Manufacturing, processing and sales of all kinds of components of
printer ribbon |
|
-- |
Processing and sales of canned food and fruit |
|
-- |
Manufacturing, processing and sales of all kinds of rain gear and
sports equipment |
|
-- |
Manufacturing, processing and sales of regenerated cotton fiber |
|
-- |
Manufacturing, processing and sales of glycerin, soap, toilet soap,
medicated soap, detergents, cosmetics (except medicinal) |
|
-- |
Manufacturing, processing and sales of ready-mixed concrete |
|
-- |
Manufacturing, processing and sales of all kinds of leather (dough,
wet blue leather, PU synthetic leather, PVC synthetic leather, PU split leather,
recycled leather) |
|
-- |
Manufacturing, processing and sales of shoe material and shoe |
|
-- |
Manufacturing, processing and sales of household appliances, such as
air conditioners, freezers, refrigerators, electronic pot, thermos, air
cleaner, refrigerator, dish dryer, hair machine, microwave Lu, toaster,
dryers, washing machines, VCRs, telephones |
|
-- |
Manufacturing, processing and sales of kitchen utensils, cutlery |
|
E605010 |
Installation of computer equipment |
|
F118010 |
Wholesale of software information |
|
I301030 |
Supply and service of electronic information |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
The components and raw materials for production are purchased from both
home and abroad.
It is introduced that subject imports technique from Japan, German and Switzerland, etc.
Subject is engaged in sales of machine
tools, etc.
It is introduced that subject has its own brand “KENT”.
Subject’s sales regions include domestic market, Southeast Asia, America
and Europe, etc.
Subject’s major customers are Tefco Inc, ASB International Pvt Ltd, etc.
Major Products
|
|
Products |
|
1 |
KGS-Surface grinder |
|
2 |
KGS-HT Super Precision Surface Grinder |
|
3 |
KGS-CNC Surface Grinder |
|
4 |
KGP-Double Column Surface Grinder |
|
5 |
KGR-Rotary Surface Grinder |
|
6 |
KGC-CNC Universal Cylindrical Grinder |
|
7 |
KMV-Vertical Machining Center |
|
8 |
KMV-Double Column Machining Center |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw materials and components |
|
Payment Terms |
T/T, Cash, etc. |
Import
|
Products |
Raw materials and components |
|
Payment Terms |
L/C, T/T, etc. |
Domestic Markets
|
Product |
Machine tools, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Machine tools, etc. |
|
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.
|
1 |
|
|
Name |
First Commercial Bank |
|
2 |
|
|
Name |
Mega International Commercial Bank |
|
3 |
|
|
Name |
Taipei Fubon Commercial Bank Co., Ltd. |
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. Wang |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.66.55 |
|
|
1 |
Rs.100.64 |
|
Euro |
1 |
Rs.70.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
TRI |
|
|
|
|
Report Prepared
by : |
SDA |
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.