|
Report No. : |
341963 |
|
Report Date : |
23.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
LIANG CHI INDUSTRY CO., LTD. |
|
|
|
|
Registered Office : |
No.291, Sec.2, Hai-San Rd., Luzhu Dist.,
Taoyuan City 338, (R.O.C.) |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
27.09.1968 |
|
|
|
|
Com. Reg. No.: |
37046231 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and Sales of Cooling Tower. |
|
|
|
|
No. of Employees : |
About 400 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 |
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Company Name: |
|
|
Supplied Name: |
|
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Trading Address: |
|
|
Supplied Address: |
|
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Telephone Number: |
+886-2-2506-3588-98/2-2506-3588-209 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as above.
Subject was incorporated
on 1968-09-27 with registered number 37046231
as Joint Stock Company in Taiwan.
Factories
|
1 |
|
|
Name: |
Tainan Factory |
|
Address: |
No. 4, New He Ping Rd., Zhang Nan Li, South Dist., Tainan City, Taiwan |
|
Date of Foundation: |
1980-12-05 |
|
Date of Registration: |
1982-01-04 |
|
Factory Registration Number: |
99674418 |
|
Factory Manager: |
Guangbo Zhang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2002-01-29 |
|
Major Products: |
293 General machinery equipment |
|
2 |
|
|
Name: |
Taichung Branch Factory |
|
Address: |
No.9, No.23 Rd., Baoshanli Industrial Zone, Nantun Dist., Taichung
City, Taiwan |
|
Date of Foundation: |
1991-01-08 |
|
Date of Registration: |
1991-02-22 |
|
Factory Registration Number: |
99671769 |
|
Factory Manager: |
Zhongyong Chen |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2011-05-13 |
|
Major Products: |
293 General Machinery Equipment 253 Metal container |
|
3 |
|
|
Name: |
Taoyuan Factory |
|
Address: |
No. 291, Sec. 2, Haishan Rd., Haihu Li, Luzhu Dist., Taoyuan City, Taiwan |
|
Date of Foundation: |
1969-01-01 |
|
Date of Registration: |
1981-12-08 |
|
Factory Registration Number: |
99621172 |
|
Factory Manager: |
Guangbo Zhang |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2011-09-15 |
|
Major Products: |
231 Glass and glass products 292 Other specialized machinery equipment |
Branches
|
|
|
|
Name |
Jiayi Branch |
|
Address |
No. 195, Gaotie Rd., West Dist., Jiayi City, Taiwan |
|
Registration Number |
66659498 |
|
Date of Registration |
1985-05-07 |
|
Status |
Live Company |
|
Manager Name |
Haowen Lin |
|
Date of Last Annual Return |
2014-02-12 |
|
Tel: |
+886-5-236-3342 |
|
E-mail: |
|
|
2 |
|
|
Name |
Yilan Branch |
|
Registration Number |
40671193 |
|
Date of Registration |
1985-05-07 |
|
Status |
Live Company |
|
Manager Name |
Zhongyong Chen |
|
Date of Last Annual Return |
1996-02-01 |
|
Tel: |
+886-3-965-3550-1 |
|
E-mail: |
|
|
3 |
|
|
Name |
Chungli Branch |
|
Address |
No.66, Wufu Rd., Chungli Dist., Taoyuan City, Taiwan |
|
Registration Number |
45162211 |
|
Date of Registration |
1984-12-24 |
|
Status |
Live Company |
|
Manager Name |
Zhongyong Chen |
|
Date of Last Annual Return |
2013-09-16 |
|
Tel: |
+886-3-491-2425-7 |
|
E-mail: |
|
|
4 |
|
|
Name |
Zhanghua Branch |
|
Address |
No. 25, 1st Heping Rd., Zhanghua City, Zhanghua County,
Taiwan |
|
Registration Number |
59327452 |
|
Date of Registration |
1983-08-29 |
|
Status |
Live Company |
|
Manager Name |
Zhongyong Chen |
|
Date of Last Annual Return |
2011-03-28 |
|
Tel: |
+886-4-762-9186 |
|
E-mail: |
|
|
5 |
|
|
Name |
Hsinchu Factory |
|
Address |
No. 28, Lane 99, Puding Rd., Hsinchu City, Taiwan |
|
Registration Number |
47270953 |
|
Date of Registration |
1982-09-03 |
|
Status |
Live Company |
|
Manager Name |
Zhongyong Chen |
|
Date of Last Annual Return |
1999-10-02 |
|
Tel: |
+886-3-575-0338 |
|
E-mail: |
|
|
6 |
|
|
Name |
Tainan Branch |
|
Address |
No.4, New He Ping Rd., South Dist., Tainan City, Taiwan |
|
Registration Number |
69691900 |
|
Date of Registration |
1981-08-19 |
|
Status |
Live Company |
|
Manager Name |
Haowen Lin |
|
Date of Last Annual Return |
2011-03-28 |
|
Tel: |
+886-6-261-4871 |
|
E-mail: |
|
|
7 |
|
|
Name |
Kaohsiung Branch |
|
Address |
No.90, Zhunan Rd., Zhuhou Village, Xinwu Countryside, Renwu Dist.,
Kaohsiung City, Taiwan |
|
Registration Number |
79156717 |
|
Date of Registration |
1980-08-07 |
|
Status |
Live Company |
|
Manager Name |
Haowen Lin |
|
Date of Last Annual Return |
2011-03-28 |
|
Tel: |
+886-7-372-8822 |
|
E-mail: |
|
|
8 |
|
|
Name |
Taichung Branch |
|
Address |
No.9, 23th Rd., Nantun Industrial Zone, Taichung City, Taiwan |
|
Registration Number |
52590787 |
|
Date of Registration |
1980-08-07 |
|
Status |
Live Company |
|
Manager Name |
Zhongyong Chen |
|
Date of Last Annual Return |
2011-03-28 |
|
Tel: |
+886-4-2359-4466 |
|
E-mail: |
|
|
9 |
|
|
Name |
Taipei Branch |
|
Address |
9/F., No.1, Sec.3, E. Nanjing Rd., Zhongshan Rd., Taipei City, Taiwan |
|
Registration Number |
12256884 |
|
Date of Registration |
1979-12-13 |
|
Status |
Live Company |
|
Manager Name |
Guangbo Zhang |
|
Date of Last Annual Return |
1999-04-29 |
|
Tel: |
+886-2-2506-3588-209 |
|
E-mail: |
|
Service Office
|
Address: |
1/F., No.4, Nong 13, Lane 3, N. Jianguo Rd., Taipei City, Taiwan |
|
Tel: |
+886-2-2506-3588#112 |
|
Fax: |
+886-2-2500-7252 |
|
E-mail: |
Related Companies
|
1 |
|
|
Name |
Xiamen Liang Chi Industry Co., Ltd. |
|
Address: |
|
|
No. 8-30, South-Urban Industry Area, Togan City, Xiamen, China |
|
|
Tel: |
+86-592-702-5541 |
|
E-mail: |
|
|
2 |
|
|
Name |
Shanghai Liang Chi Cooling Equipment Co., Ltd. |
|
Address: |
|
|
No.507 Chexin Road, Chedun Town, Songjiang Dist., Shanghai, The People’s Republic Of China |
|
|
Tel: |
+86-21- 5760-9600 |
|
E-mail: |
|
|
3 |
|
|
Name |
Guangzhou Liangchi Cooling Equipment .Co., Ltd. |
|
Address: |
|
|
601# Fu Nan Road, Nan Gang Town, Huang Pu District, Guangzhou City,
Guangzhou Province, China |
|
|
Tel: |
+86-20-62955588 |
|
E-mail: |
|
|
4 |
|
|
Name |
Chengdu Liangchi Cooling Equipment Co. Ltd. |
|
|
|
|
339#, Yidu Road, Longquanyi District, Chengdu City, Sichuan Province,
China |
|
|
Tel: |
+86-28-84847711 |
|
E-mail: |
|
|
5 |
|
|
Name |
Tianjin Liang Chi Cooling Equipment Co., Ltd. |
|
Address: |
|
|
No.29,Taihua Road, Economic-Technological Development Area, Tianjin,
China |
|
|
Tel: |
+86-22-6200-0001 |
|
E-mail: |
|
|
6 |
|
|
Name |
Suzhou Liangchi Motor Co., Ltd. |
|
Address: |
|
|
No.48 Shenzhen Road, Yushan New & High Tech Industrial Park,
Changshu, Jiangsu, China |
|
|
Tel: |
+86-512-5284-7688 |
|
E-mail: |
|
|
7 |
|
|
Name |
Shandong Liangchi Machinery Equipment Co., Ltd |
|
Address: |
|
|
F308, East of Residence Building, No.1, Faxiang Alley, No.136, Jingyi
Road, Huaiyin District, Jinan City, Shandong Province, China |
|
|
Tel: |
+86-531-8797-2988 |
|
E-mail: |
|
|
8 |
|
|
Name |
Liang Chi USA Corp. DBA Amcot |
|
Address: |
|
|
350 N. Ponderosa Ave. Ontario, CA. 91761, U.S.A |
|
|
Tel: |
+1-909-390-2598 |
|
E-mail: |
|
|
9 |
|
|
Name |
Cooling Tower Systems, Inc. |
|
Address: |
|
|
196 Lower Cherry Street, Macon GA 31201, U.S.A |
|
|
Tel: |
+1-478-755-1905 |
|
E-mail: |
|
|
10 |
|
|
Name |
Liang Chi Industry (Thailand) Co., Ltd. |
|
Address: |
|
|
1029 Prachapatthana Rd., Tab-Yao, Ladkrabang, Bangkok 10520, Thailand |
|
|
Tel: |
+662-738-1788 |
|
E-mail: |
|
|
11 |
|
|
Name |
SPX New Zealand Limited |
|
Address: |
|
|
30 Northway Street, 3240 Te Rapa, Hamilton, New Zealand |
|
|
Tel: |
+64-7-850-6250 |
|
E-mail: |
|
Major Shareholders
|
Name |
Subscription Shares |
|
Sanheng Development Co., Ltd.(Literal Translation) |
|
|
11,198,256 |
|
|
Zhaoqing Lin |
236,940 |
|
Guangyan Investment Co., Ltd. (Literal Translation) |
3,759,421 |
|
Yingchuan Lin |
1,191,238 |
|
Zhaoxiong You |
561,550 |
|
Zhenwen Lin |
3,921,000 |
|
Zhengxiong Lin |
75,888 |
Core Management
Directors
|
1 |
||
|
Name |
Guangbo Zhang |
|
|
Position |
Chairman of the Board |
|
|
2 |
||
|
Name |
Zhaoqing Lin |
|
|
Position |
Vice Chairman of the Board |
|
|
3 |
||
|
Name |
Hengqin Zhang |
|
|
Position |
Executive director |
|
|
4 |
||
|
Name |
Hengze Zhang |
|
|
Position |
Director |
|
|
5 |
||
|
Name |
Henggong Zhang |
|
|
Position |
Director |
|
|
6 |
||
|
Name |
Yankui Zhang |
|
|
Position |
Director |
|
|
7 |
||
|
Name |
Yingchuan Lin |
|
|
Position |
Director |
|
|
8 |
||
|
Name |
Zhaoxiong You |
|
|
Position |
Director |
|
|
9 |
||
|
Name |
Zhenwen Lin |
|
|
Position |
Director |
|
|
10 |
||
|
Name |
Zhengxiong Lin |
|
|
Position |
Supervisor |
|
Personnel Structure
|
Total Employees |
About 400 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
Production Information
Subject is engaged in manufacturing of cooling tower, etc.
Subject has factories in Taiwan for production.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing, construction, processing, maintenance, sales design and
projects contracting of REP cooing tower, cooling tower with different
materials and pattern, the related equipment, parts and components of cooling
tower. |
|
-- |
Project design and constructing of dealing with the industrial water,
industrial sewage and waste water, purification, filter water, waterproof and
green environmental protection |
|
-- |
Project design and constructing of equipment, parts and components for
dealing with all kinds of water and waste water treatment |
|
-- |
Design, planning, manufacturing, processing, repair, sales and project
constructing of all kinds of water dealing, waste water dealing equipment and
parts |
|
-- |
Design, planning, manufacturing, processing, repair, sales and project
constructing of gas pollution, waste gas pollution treatment engineering
equipment, parts and components |
|
-- |
Design, planning, manufacturing, processing, repair, sales and project
constructing of chemical project equipment, parts and components |
|
-- |
Design, planning, manufacturing, processing, repair, sales and project
constructing of FRP water tower, tub, wave plate, conduit, winding pipe and
glass fiber reinforced products with all kinds of materials |
|
-- |
Manufacturing, processing and sales of all kinds of plastic container
and tank, hard plastic plate, plastic film and plastic bags |
|
-- |
Design, manufacturing, repair and sales of water pump, send draft fan,
reduction drive, and all kinds of machinery and components |
|
-- |
Manufacturing, processing and sales of all kinds building materials,
hardware equipment and piping equipment |
|
-- |
Manufacturing, processing and sales of gas furnace gas appliances, gas
boilers, oven, heat preserving furnaces, counter, dryer, dish drier, gas
switch, etc. |
|
-- |
Manufacturing, processing of wooden products & import and export
of wood & preservative treatment |
|
-- |
Noise control engineering |
|
-- |
General management of import and export trade business |
|
-- |
Design, manufacturing and sales of all kinds of metal tank, pressure
tank and piping |
|
-- |
Agent the sales, quotation and biding of the above related products
from home and abroad |
|
F107080 |
Environmental health drug wholesaling |
|
F207080 |
Environmental health drug retailing |
|
CB01010 |
Machinery and equipment manufacturing |
|
CB01990 |
Other machinery manufacturing (manufacturing of motor, oil pressure
machine, vending machine, he piston and crank, gears, bearing, freezer and
water processor machinery) |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted |
The components and raw material for production are purchased from both
home and abroad.
Subject is engaged in sales of cooling
tower, etc.
It is introduced that the products of subject are mainly applied for
industrial production and refrigeratory, etc.
Subject’s sales regions include domestic market, America and Europe, etc.
The general delivery lead time of subject is about 60 days.
Subject’s major customers are manufacturers of air conditioners, etc.
We obtain some detail information about the products for reference.
|
Type |
Products |
|
Cooling tower products |
LBC-SLN circular low noise counter flow cooling tower, LBC-W&P
circular ultra-high temperature cooling tower, LBC and LBC-LN circular counterflow cooling tower, LCC-N airtight cooling tower, LDC-N counter flow cooling tower, LFC-N
no fan cooling tower of science and technology, etc. |
|
Cooling tower related products |
LC series powerful cleaning and maintenance agent, LPT expansion tank,
LSP-H circulating water pump, LSP-YN circulating water pump, cooling water
filter, spring mounts, etc. |
|
FRP and plastic related products |
F.R.P. super water tower, FRP corrosion resistant chemical tank, etc. |
|
Liang Chi motor related products |
Premium grade efficiency motors, Low-voltage three-phase induction
motor, Water pump motor (success/mizuki), frequency conversion motor
(self-cooled/forced air-cooled), fire smoke motors, etc. |
|
CTI certificated products |
series C-LC, series D-LC,
series R-LC, Series U-LC and Series
V-LC |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw materials and components, etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
|
Products |
Raw materials and components, etc. |
|
Payment Terms |
L/C, T/T, etc. |
Domestic Markets
|
Product |
Cooling tower, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Cooling tower, 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.
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 |
Mr. Zhou |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.63 |
|
|
1 |
Rs.101.73 |
|
Euro |
1 |
Rs.73.26 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAS |
|
|
|
|
Report Prepared
by : |
NIT |
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.