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MIRA INFORM REPORT
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Report No. : |
487795 |
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Report Date : |
29.01.2018 |
IDENTIFICATION DETAILS
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Name : |
ALLIED SUPREME CORP. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
19.10.1981 |
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Com. Reg. No.: |
36075449 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of plastic items and etc |
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No. of Employees : |
250 |
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 : |
Slow but Correct |
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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 (30.06.2017) |
Current Rating (30.09.2017) |
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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.
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. Domestic economic issues loomed large in public debate ahead of the January 2016 presidential and legislative elections, including concerns about stagnant wages, high housing prices, youth unemployment, job security, and financial security in retirement.
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Source
: CIA |
Company
name and address
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.20, Xiangong S. 2nd Rd.,
Xianxi Township, Changhua County 507, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
Notes: The
supplied address belongs to subject’s Taipei office. The exact name and address
are as above.
Company
Identification Details
History
Subject was incorporated on 1981-10-19 with registered number 36075449 as Joint Stock Company in
Taiwan.
Corporate
Structure
Factory
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1 |
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Address: |
No.34-5,
Shan Jiao, Shan Jail Li, Lu Zhu District, Taoyuan City, Taiwan (R.O.C.) |
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Date
of Foundation: |
1985-4-1 |
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Date
of Registration: |
1986-6-25 |
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Factory
Registration Number: |
99626046 |
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Factory Manager: |
Jianzhi
He |
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Status: |
In
production |
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Date of Last Annual Return: |
2016-12-9 |
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Major Products: |
254
metal processing and treatment |
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+886-3-324-3876 |
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Fax: |
+886-3-324-4483 |
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2 |
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Address: |
No.20,
Xiangong S. 2nd Rd., Xianxi Township, Changhua County 507, Taiwan (R.O.C.) |
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Date
of Foundation: |
1997-7-25 |
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Date
of Registration: |
2000-10-12 |
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Factory
Registration Number: |
99645223 |
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Factory Manager: |
Jianzhi
He |
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Status: |
In
production |
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Date of Last Annual Return: |
2016-12-1 |
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Major Products: |
220
plastic items |
Offices
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Tainan No.184, Zhongshan Rd., Xinshi Dist.,
Tainan City 744, Taiwan (R.O.C.) TEL：886-6-589-8571 FAX：886-6-589-8371 Hsinchu 1F., No.138, Sec. 2, Jiafeng
6th Rd., Zhubei City, Hsinchu County 302, Taiwan (R.O.C.) TEL：886-3-657-7837 FAX：886-3-657-7891 Kaohsiung 10F.-9, No.472, Zhongshan 2nd
Rd., Xinxing Dist., Kaohsiung City 800, Taiwan (R.O.C.) TEL：886-7-211-7999 FAX：886-7-211-7698 Taipei 4th,
Fl., No.12, Ming-Tsu E. Rd., 10461, Taipei, Taiwan, R.O.C. TEL：886-2-2597-6222 FAX：886-2-2595-5626 |
Related Company
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Allied Supreme (Jia Xing)
Corp. No. 197 Tiandaiqiao RD,
Chennan ST, Jiaxing E&Zone, Zhejiang Province., China TEL：86-5738-275-0111 FAX：86-5738-272-6259 |
Shareholders
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Name |
Subscription Shares |
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Jianzhi He |
2,615,591 |
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Sang He Investment Co., Ltd (Literal Translation) |
4,052,613 |
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Mingsheng Su |
4,339,487 |
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Shengguo Xie |
6,747,400 |
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Jiasheng Hou |
2,823,340 |
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Yuanzhong Li |
1,507,741 |
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Yongtai Yang |
63,000 |
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Mingyuan Wu |
1,394,144 |
Shareholder Information:
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Registered Name: |
Sang
He Investment Co., Ltd (Literal Translation) |
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Registered Address: |
4F., No.12, Minzu E. Rd., Zhongshan Dist., Taipei
City, Taiwan (R.O.C.) |
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Date of Foundation: |
2005-12-20 |
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Registration Number: |
27985805 |
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Registry: |
Taipei City Government |
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Registered Capital: |
NTD 29,970,000 |
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Paid-up Capital: |
NTD 29,970,000 |
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Legal Representatives: |
Siling Chen |
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Legal Form: |
Joint
Stock Company |
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Date of Last Annual Return: |
2017-12-8 |
Management
Information
Core Management
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1 |
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Name |
Jianzhi
He |
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Position |
Board
Chairman |
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2 |
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Name |
Siling
Chen |
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Position |
Director |
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3 |
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Name |
Mingsheng
Su |
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Position |
Director |
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4 |
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Name |
Shengguo
Xie |
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Position |
Director |
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5 |
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Name |
Jiasheng
Hou |
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Position |
Director |
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6 |
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Name |
Yuanzhong
Li |
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Position |
Director |
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7 |
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Name |
Yongtai
Yang |
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Position |
Director
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8 |
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Name |
Mingyuan
Wu |
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Position |
Supervisor
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9 |
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Name |
Jianzhi
He |
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Position |
Manger
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Date
of Appointment: |
2015-8-10 |
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Personnel Structure
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Total
Employees |
About 250 Employees |
Operation
Information
Offices & Factories
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Headquarters |
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Add |
No.20, Xiangong S. 2nd Rd., Xianxi Township,
Changhua County 507, Taiwan (R.O.C.) |
Production Information
l Subject is engaged in
manufacturing of plastic
items and etc
l Subject has factories in Taiwan
for production. It is introduced that subject’s related company has a factory
in Province., the mainland of China
l Subject obtained the
certification of ISO-9001-2008 and etc.
Purchase Information
l The registered activities of
subject:
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Business
Code |
Details |
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Various metal and non-metallic surface coating, all kinds
of machinery and parts of the special surface treatment. |
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Trading of fluorinated resin raw materials, round bar flat
plate and other semi-finished products. |
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Fluorinated resin made of industrial conveyor belt design
manufacturing and trading. |
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Chemical industry engineering machinery and equipment for
pollution control pipe fluorocarbon resin lined in tubular, tubular heat
exchanger designing, manufacturing and trading. |
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-- |
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C805010 |
plastic skin, cloth, board, pipe manufacturing |
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C805020 |
plastic film, bag manufacturing |
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C805050 |
Industrial plastic products manufacturing industry |
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Machinery and equipment manufacturing industry |
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CB01030 |
pollution prevention and control equipment manufacturing
industry |
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CC01080 |
Electronic Components Manufacturing |
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E604010 |
Mechanical Installation Industry |
l Subject purchases its raw
materials and etc both at home and abroad.
l
l
Subject is engaged in sale of plastic items and etc.
l The major products include
fluoropolymer material, fluoropolymer lining, fluoropolymer coating and etc.
l Subject’s sales regions include
Asia, Europe, America, Auatralia and etc.
l Subject’s major customers are
semiconductor, biochemical, pharmaceutical, fine chemical industries and etc.
l It is introduced that subject
can provide OME services.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
1. Domestic Purchase
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Products |
Raw materials and etc |
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Payment Terms |
Cash, T/T and etc |
2. Import
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Products |
Raw materials and etc |
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Payment Terms |
L/C, T/T and etc |
Sales
1. Domestic Markets
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Product |
Plastic items and etc. |
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Selling Terms |
Cash, T/T and etc |
2. Export
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Product |
Plastic items and etc. |
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Selling Terms |
L/C, T/T and 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 Ms. Xin 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. Xin |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 63.50 |
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1 |
INR 90.92 |
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Euro |
1 |
INR 79.07 |
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TWD |
1 |
INR 2.19 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
: |
PRA |
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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
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
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.