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MIRA
INFORM REPORT
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Report No. : |
504867 |
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Report Date : |
27.04.2018 |
IDENTIFICATION DETAILS
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Name : |
NAGASAKI IPC TECHNOLOGY CORP. |
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Formerly Known As : |
NAGASAKI INTERNATIONAL CORP |
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Registered Office : |
1, 2F., No.6, Lane 388, Section 1, Chie-Sou Rd., Sanxia
Dist., New Taipei City 237, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
12.05.1995 |
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Com. Reg. No.: |
89460006 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sale of computer products |
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No. of Employees : |
30 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
A |
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Credit Rating |
Explanation |
Rating Comments |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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
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Country Name |
Previous Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Taiwan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
TAIWAN - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy that is driven largely by industrial manufacturing, and especially exports of electronics, machinery, and petrochemicals. This heavy dependence on exports exposes the economy to fluctuations in global demand. Taiwan's diplomatic isolation, low birth rate, rapidly aging population, and increasing competition from China and other Asia Pacific markets are other major long-term challenges.
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 of that year, 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 uncertain. President TSAI since taking office in May 2016 has promoted greater economic integration with South and Southeast Asia through the New Southbound Policy initiative and has also expressed interest in Taiwan joining the Trans-Pacific Partnership as well as bilateral trade deals with partners such as the US. These overtures have likely played a role in increasing Taiwan’s total exports, which rose 11% during the first half of 2017, buoyed by strong demand for semiconductors.
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 with many economies, including China and the US, 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 and has also secured greater market access for its investors on 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 renminbi (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 opportunities for Taiwan’s economy but also pose challenges as political differences remain unresolved and China’s economic growth is slowing. President TSAI’s administration has made little progress on the domestic economic issues that loomed large when she was elected, including concerns about stagnant wages, high housing prices, youth unemployment, job security, and financial security in retirement. TSAI has made more progress on boosting trade with South and Southeast Asia, however, which may help insulate Taiwan’s economy from a fall in mainland demand should China’s growth slow in 2018.
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Source
: CIA |
Company name and address
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Company Name: |
Nagasaki IPC Technology Corp. |
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Trading Address: |
1, 2F., No.6, Lane 388, Section 1, Chie-Sou Rd., Sanxia
Dist., New Taipei City 237, Taiwan (R.O.C.) |
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Telephone Number: |
+886-2-2672-8081 |
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Fax Number: |
+886-2-2672-8082 |
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E-mail: |
Notes: The exact name and address are as above.
Company Identification Details
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Registered Name: |
Nagasaki IPC Technology Corp. |
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1, 2F., No.6, Lane 388, Section 1, Chie-Sou Rd., Sanxia
Dist., New Taipei City 237, Taiwan (R.O.C.) |
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Date of Foundation: |
1995-5-12 |
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Registration Number: |
89460006 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
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Paid-up Capital: |
NTD 30,000,000 (USD 1,020,000) |
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Legal Representatives: |
Qingxiang Chen |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Date of Last Annual Return: |
History
Subject was incorporated on 1995-5-12
with registered number 89460006 as Joint Stock Company in Taiwan.
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Former English Name: |
Nagasaki International Corp. |
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Current English Name: |
Nagasaki IPC Technology Corp. |
Corporate Structure
Factory
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Address: |
1, 2F., No.6, Lane 388, Section 1, Chie-Sou Rd., Sanxia
Dist., New Taipei City 237, Taiwan (R.O.C.) |
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Date of Registration: |
2008-10-13 |
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Factory Registration Number: |
99718758 |
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Factory Manager: |
Qingxiang Chen |
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Status: |
In Production |
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Date of Last Annual Return: |
2008-10-13 |
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Major Products: |
271 computer and related parts |
Partners
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1 |
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Name |
Data Mate Co., Ltd |
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Address |
3-28-15, Shimizu, Suginami-ku, Tokyo 167-0033,Japan |
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Telephone Number |
+81-3-6915-0024 |
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Fax Number |
+81-3-6915-0034 |
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2 |
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Name |
Digital Technology, Inc. |
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Address |
73246 Hwy 21, Covington , LA70435 , USA |
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Telephone Number |
+985 809 1766 |
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Fax Number |
+985 809 1665 |
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3 |
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Name |
Semicom Visual Ltd |
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Address |
Kao Hockham Building Edinburgh Way arlow Essex, CM20 2NQ,
UK |
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4 |
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Name |
Precision Technologies Pte Ltd |
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Address |
211, Henderson Industrial Park,#13-02, Henderson Road,
Singapore 159552 |
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Telephone Number |
+65-6273 4573 x 122 |
Shareholders
Major
Shareholders
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Name |
Subscription Shares |
| Qingxiang Chen |
2,319,400 |
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Andi Chen |
485,000 |
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Dawei Chen |
195,600 |
Management Information
Core
Management
Directors
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1 |
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Name |
Qingxiang Chen |
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Position |
Chairman of the Board |
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2 |
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Name |
Andi Chen |
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Position |
Director |
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3 |
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Name |
Dawei Chen |
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Position |
Director |
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4 |
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Name |
Nairong Chen |
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Position |
Supervisor |
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Personnel
Structure
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Total Employees |
About 30 Employees |
Operation Information
Offices
& Factories
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Headquarters |
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Add |
1,
2F., No.6, Lane 388, Section 1, Chie-Sou Rd., Sanxia Dist., New Taipei City
237, Taiwan (R.O.C.) |
Production
Information
·
Subject is engaged in manufacturing of
computer products, etc.
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Subject has a factory in Taiwan for
production.
·
Subject obtained the certification of
ISO 9001.
Purchase
Information
The registered activities of subject:
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Number |
Details |
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1 |
Manufacturing, sale and agent of computers, office
supplies, hardware, stationary, auto parts, food and beverage. |
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2 |
Consultant diagnostic analysis for enterprise management.
(Except for the accounting business) (Except for Securities investment
advisory business) |
The components and raw materials for production are
purchased in Taiwan and from USA, etc.
It is introduced that subject purchased some raw materials
for military computer from USA.
Sales
Information
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Subject is engaged in sale of computer
products, etc.
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The major products are panel PC, IPC,
rugged box PC, industrial display, monitor, medical panel PC, LCD monitors,
etc.
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Subject’s sales regions are domestic
market and abroad such as other Asian Countries, Europe, USA, Australia, Middle
East, etc.
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It is introduced that subject has
partners in more than 20 countries selling its products in Japan, Singapore,
France, Germany, Poland, USA, etc.
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It is introduced that subject can
provide design and after sale services, etc.
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The general delivery lead time of
subject is about 4-6 weeks.
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Subject’s major customers are from
industries of military, factory, foods, mining, medical, chemicals, etc.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
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Products |
Components and raw materials |
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Payment Terms |
T/T, Cash, etc. |
Import
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Products |
Components and raw materials |
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Payment Terms |
L/C, T/T, etc. |
Domestic Markets
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Product |
Computer products, etc. |
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Selling Terms |
T/T, Cash, etc. |
Export
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Product |
Computer products, etc. |
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Selling Terms |
L/C, T/T, etc. |
Financial Information
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.
Bankers
Subject
declined to disclose its bank details; from other source we could not obtain
the relevant information, either.
Public Record
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.
Special Note
Interview Details
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Name |
Ms. Irene Lin |
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E-mail |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 66.83 |
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1 |
INR 93.17 |
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Euro |
1 |
INR 81.38 |
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TWD |
1 |
INR 2.25 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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NIS |
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Report Prepared
by : |
KET |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with moderate
risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
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Company
background and operations size
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Promoters
/ Management background
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Payment
record
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Litigation
against the subject
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Industry
scenario / competitor analysis
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Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.