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Report No. : |
341568 |
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Report Date : |
19.09.2015 |
IDENTIFICATION DETAILS
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Name : |
TAIWANABRATOR CO., LTD. |
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Registered Office : |
3F., No.57, Fu Hsing North Road, Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
09.08.1977 |
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Com. Reg. No.: |
04660313 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Sale of Steel Ball |
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No. of Employee : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Taiwan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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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, 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: |
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Supplied Name: |
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Trading Address: |
No 586, Sec 2, Zhongshan South Rd., Dayuan
Township, Tao Yuan County, Taiwan, R.O.C |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Note: The exact name and address are as above.
Note: Subject declined to
disclose its staff number, and from other source we can’t obtain the information,
either.
Subject was incorporated
on 1977-8-9 with registered number 0466031
as Joint Stock Company in Taiwan.
Factory
|
Name: |
Dayuan Plant |
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Address: |
No. 586, Sec. 2, Zhongshan South Road, Dayuan Dist., Taoyuan
City, Taiwan, R.O.C |
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Date of Foundation: |
1969-1-1 |
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Date of Registration: |
1979-5-3 |
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Factory Registration Number: |
99629089 |
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Factory Manager: |
Yingzong Yan |
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Status: |
In Production |
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Date of Last Annual Return: |
2003-1-21 |
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Major Products: |
259 Other metal products |
Major Shareholders
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Name |
Subscription Shares |
|
San Yang Metal Industrial Co., Ltd. |
514,801 |
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Sintokogio, Ltd. |
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|
894,300 |
|
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Treasure Island Trading Co., Ltd. |
161,999 |
Shareholder Information:
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1 |
|
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Registered Name: |
San Yang Metal Industrial Co., Ltd. |
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Registered Address: |
3F., No.57, Fu Hsing North Road,
Taipei, Taiwan, R.O.C. |
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Date of Foundation: |
1965-8-4 |
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Registration Number: |
03043101 |
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Registry: |
Taipei City Government |
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Registered Capital: |
NTD 158,400,000 (USD 5,021,280) (As of 2015.3, 1 NTD = 0.0317
USD) |
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Paid-up Capital: |
NTD 158,400,000 (USD 5,021,280) |
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Legal Representatives: |
Yingzong Yan |
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Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2014-5-6 |
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2 |
|
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Registered Name: |
Treasure Island Trading Co., Ltd. |
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Registered Address: |
6FL., No. 219, Sec.3, Nanking E.
Rd., Taipei Taiwan R.O.C. |
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Date of Foundation: |
1960-11-14 |
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Registration Number: |
07140104 |
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Registry: |
Taipei City Government |
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Registered Capital: |
NTD 297,000,000 (USD 9,414,900) (As of 2015.3, 1 NTD = 0.0317
USD) |
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Paid-up Capital: |
NTD 297,000,000 (USD 9,414,900) |
|
Legal Representatives: |
Hong Chen |
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Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2014-6-10 |
Core
Management
Directors
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1 |
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Name |
Yingzong Yan |
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Position |
Board Chairman |
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2 |
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Name |
Xiusi Pingjing |
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Position |
Vice Chairman |
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3 |
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Name |
Wenzheng Lin |
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Position |
Director |
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4 |
||
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Name |
Liming Gongchang |
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Position |
Director |
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5 |
||
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Name |
Pancang Chen |
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Position |
Director |
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6 |
||
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Name |
Yizhang Chen |
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Position |
Supervisor |
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7 |
||
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Name |
Okubo Yuji |
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Position |
Supervisor |
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8 |
||
|
Name |
Ruijian Sun |
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Position |
Manager |
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Date of Appointment |
1995-3-8 |
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Headquarters |
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Add |
No 586, Sec 2, Zhongshan
South Rd., Dayuan Township, Tao Yuan County, Taiwan, R.O.C |
Production
Information
Subject is engaged in manufacturing of steel ball, etc.
Subject has a factory in Taiwan for production.
Subject obtained the certification of ISO 9001:2008.
Purchase Information
The registered activities of subject:
|
1 |
Manufacturing and trading of projected timber for surface treatment |
|
2 |
Manufacturing and trading of wear-resistant special steel products |
|
3 |
Import and export business for above products |
The components and raw material for production are purchased
from both home and abroad.
It is introduced that subject import technology from Japan.
Subject is engaged in sale of steel ball.
Subject’s major products are steel gravel, steel ball and granite grit for cutting stones.
Subject’s sales regions include the mainland of China, South
Korea, Japan and USA.
Subject’s major customers are manufacturers of machinery,
wholesalers and retailers of hardware supplies.
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 |
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Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Steel ball |
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Selling Terms |
T/T, Cash |
Export
|
Product |
Steel ball |
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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
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Trial Number: |
2006, Beijian, 17283 |
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Date of Trial: |
2006-11-23 |
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Reason: |
Payment of the fare |
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Claimant: |
Taiwanabrator Co., Ltd. |
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Defendant: |
Wei Bo Co. Ltd. |
Interview Details
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.95 |
|
|
1 |
Rs.102.75 |
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Euro |
1 |
Rs.75.13 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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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.