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MIRA INFORM REPORT
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Report No. : |
510654 |
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Report Date : |
25.05.2018 |
IDENTIFICATION DETAILS
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Name : |
EXTECH ELECTRONICS CO., LTD. |
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Registered Office : |
17F., No.237, Sec. 1, Datong Rd., Xizhi Dist.,
New Taipei City 22161, Taiwan (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
28.03.1979 |
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Com. Reg. No.: |
20816452 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Sales of AC Power Source
Products, etc. |
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No. of Employees : |
About 200 |
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 |
Contact
Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
17F., No.237,
Sec. 1, Datong Rd., Xizhi Dist., New Taipei City 22161, Taiwan (R.O.C.) |
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Supplied Address: |
17F-1, No. 237,
Sec. 1, Datong Rd.,Xizhi Dist., New Taipei City 22161, |
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Telephone Number: |
+886-2-2165-3066 |
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Fax Number: |
Notes: The exact name and address are as above.
Company
Identification Details
History
Subject was incorporated
on 1979-03-28 with registered number 20816452
as Joint Stock Company in Taiwan.
Corporate
Structure
Factory
|
Address: |
17/F.-3, 17F., 16/F.-3, 16/F., No.237, Sec. 1,
Datong Rd., Xizhi Dist., New Taipei City 22161, Taiwan (R.O.C.) |
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Date of Registration: |
2015-04-17 |
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Factory Registration Number: |
65003968 |
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Factory Manager: |
Fumin Bao |
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Status: |
In Production |
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Date of Last Annual Return: |
2015-04-17 |
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Major Products: |
281 Electricity generation, transmission and distribution 283 Cables and wiring accessories 289 Other electrical equipment |
Offices
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1 |
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Name: |
Taichung Office |
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Address: |
5F-7, No.5, Jingcheng 24th St., West District, Taichung City 403,
Taiwan |
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Tel: |
+886-4-2471-0649 |
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2 |
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Name: |
Kaohsiung Office |
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Address: |
6F-2, No.82, Cinghai Rd., Gushan District, Kaohsiung City 804, Taiwan |
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Tel: |
+886-7-553-3282 |
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Fax: |
+886-7-555-3057 |
Related Companies
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1 |
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Name: |
Adeltec (Malaysia) Sdn. Bhd. |
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Address: |
Unit D3-5-2 (2ND Floor) Block D3, Dana 1 Commercial Centre, Jalan PJU
1A/46, 47301 Petaling Jaya, Selangor, Malaysia |
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Tel: |
+60-3-7842-9168 |
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Fax: |
+60-3-7842-6168 |
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Mail: |
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2 |
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Name: |
Guangzhou Extech Electronics Co., Ltd. |
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Address: |
2F, Tower C1, Guangzhou Information Port, No.16 Keyun Rd., Guangzhou,
China 510665 |
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Tel: |
+86-20-8553-8831 |
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Fax: |
+86-20-8553-8710 |
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3 |
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Name: |
Guangzhou Extech Electronics Co., Ltd. (Xiamen Office) |
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Address: |
Rm 1003, No.84, Wushipu South Road, Huli District, Xiamen, China
361009 |
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Tel: |
+86-138-5908-5330 |
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4 |
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Name: |
Suzhou Extech Electronics Co., Ltd |
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Address: |
No.209, Zhuyuan Road,Suzhou New District, Jiangsu, China (Suzhou
Innovation Park C2041) 215011 |
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Tel: |
+86-512-6808-8351 |
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Fax: |
+86-512-6808-8359 |
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5 |
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Name: |
Suzhou Extech Electronics Co., Ltd. (Qingdao Office) |
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Address: |
Room 1503, Building 4, Baolong International Community, No. 225
Jiushui Road, Licang District, Qingdao, China 266199 |
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Tel: |
+86-532-8393-2596 |
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Fax: |
+86-532-8393-2638 |
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6 |
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Name: |
Suzhou Extech Electronics Co., Ltd. (Hefei Office) |
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Address: |
Rm. 2506, Building 1, Western Central Plaza, Shushan District, Hefei,
Anhui, China 23000 |
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Tel: |
+86-551-6286-5496 |
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7 |
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Name: |
Testpower |
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Address: |
13 The Highway, Mt. Waverley, Victoria 3149, Australia |
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Tel: |
+61-430-034-6888 |
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Fax: |
+61-3-9764-0942 |
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Mail: |
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8 |
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Name: |
Tex Instrumentos (AC Source Products Only) |
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Address: |
Rua Dos Buritis, 128 B1 A 301, Jabaquara CEP, Sao Paulo, Brazil,
04321-000 |
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Tel: |
+55-11-5012-8118 |
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Fax: |
+55-11-3213-9344 |
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Mail: |
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9 |
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Name: |
Aimil Limited |
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Address: |
Naimex House , 88/1, Outer Ring Road, Nagavara, Bangalore – 560 045 |
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Tel: |
+91-80-3008-0160 |
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Fax: |
+91-80-2543-5003 |
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Mail: |
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10 |
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Name: |
Keisoku Giken Co., Ltd. |
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Address: |
2-12-2, Chigasaki-minami, Tsuzuki-ku, Yokohama 224-0037, Japan |
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Tel: |
+81-45-948-0277 |
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Fax: |
+81-45-948-0224 |
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Mail: |
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11 |
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Name: |
Bob Enterprise Inc. |
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Address: |
1403, ACE Highend Tower 5, 505-18, Gasan-don, Geumcheon-gu, Seoul,
Korea |
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Tel: |
+82-2-861-0092 |
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Fax: |
+82-2-861-0097 |
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Mail: |
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12 |
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Name: |
U-Equipment and Services Pte Ltd |
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Address: |
25, Choa Chu Kang North 6,#12-11, Singapore 689580 |
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Tel: |
+65-6522-6648 |
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Mail: |
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13 |
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Name: |
Adeltec (Malaysia) Sdn. Bhd. |
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Address: |
Unit D3-5-2 (2ND Floor) Block D3, Dana 1 Commercial Centre, Jalan PJU
1A/46, 47301 Petaling Jaya, Selangor, Malaysia |
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Tel: |
+60-3-7842-9168 |
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Fax: |
+60-3-7842-6168 |
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Mail: |
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14 |
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Name: |
Electronics Solution Co., Ltd |
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Address: |
41/17 Moo 1, Klong 6, Klongluang, Pathumthani 12120, Thailand |
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Tel: |
+66-2-577-6500 |
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Fax: |
+66-2-577-6502 |
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Mail: |
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15 |
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Name: |
Prologix Distribution |
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Address: |
Office# 1602 Y Cluster Swiss Tower, Jumeirah Lake Towers (JLT), Dubai,
UAE |
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Tel: |
+971-4362-6218 |
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Fax: |
+971-4368-3039 |
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Mail: |
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16 |
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Name: |
Clmo Technology Sdn Bhd |
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Address: |
Ho Chi Minh City Unit Th3-4, No. 2 Phung, Khac Khoan Dakao Ward,
District 1 Ho Chi Minh City, Vietnam |
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Tel: |
+84-8-3825-0245 |
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Fax: |
+84-8-3825-0244 |
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Mail: |
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Shareholder
Major Shareholder
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Name |
Subscription Shares |
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Ikonix Group Inc. |
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8,210,280 |
Management
Information
Core Management
Directors
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1 |
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Name |
Fumin Bao |
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Position |
Chairman of the Board |
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2 |
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Name |
Zhilong Shen |
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Position |
Director & Manager |
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Date of Appointment for Manager |
2015-04-10 |
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3 |
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Name |
Ruinuo Ge |
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Position |
Director |
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4 |
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Name |
Yadeng Ke |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 200 Employees |
Operation
Information
Offices & Factories
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Headquarters |
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Add |
17F., No.237, Sec. 1, Datong Rd., Xizhi Dist., New Taipei City 22161,
Taiwan (R.O.C.) |
Production Information
Subject is engaged in manufacturing of AC power source products, etc.
Subject has a factory in Taiwan for production.
Subject has obtained the certification of ISO 9001.
Purchase Information
The registered activities of subject:
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No. |
Details |
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1 |
Manufacturing, processing and sales of stabilizer, converter, uninterrupted
power supply system, power supply, charger, inverter, oscilloscope,
dielectric strength tester, resonant type transformer, disk drive, motor
controller, power transformer, etc. electrical products |
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2 |
Manufacturing and sales of modem, facsimile machine, teletext,
telegraph, etc. data transmission equipment and multi-tasking machine set
line machine, etc. multitasking transmission equipment |
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3 |
Design, contract, installation and maintain of computer electronic
control automation system |
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4 |
Design of computers and peripherals |
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5 |
Import and export of the above related products |
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6 |
Agent the quotation, distribution, and bidding business of products
from both home and abroad (except futures) |
The components and raw materials for production are purchased from in
Taiwan and from Japan and America, etc.
Subject is engaged in sales of AC power source products, etc.
Subject’s products are mainly applied for testing the electrical
appliance, lighting equipment and supply the power, etc.
The major sales regions include Taiwan, Vietnam, Indonesia, Southeast
Asia and Europe, etc.
Subject has an agent in Indonesia for sale, and have offices in Malaysia
and the Mainland of China.
It is introduced that the general delivery lead time of subject is about
80 days.
Subject’s major customers are manufacturers of electrical appliances,
etc.
Major Products
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Safety Test |
Electrical safety compliance analyzers, hipot/insulation testers,
ground bond testers, line leakage testers and matrix scanners |
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AC Power Source |
EBA series modular programmable AC power source, EAC programmable 1
phase/phase AC power source, 6600 Programmable
AC power source, 6700 linear programmable AC power source, 6300 high power
programmable 3 phase AC power source, 6500 high power source |
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Electrical safety test solution |
Medical equipment test solution, EMC power electronics test solution,
passive component test solution and battery/charger electronics test solution |
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Test System |
9180 electrical safety & functionality test system, SPACE-9180
electrical safety auto test software, 6-in-1 electrical safety auto test
systems (ACW,DCW,IR,GB,TC,RUN), 4-IN1 safety TEST system (ACW, DCW, IR,GB) |
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 |
Raw materials and components, etc. |
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Payment Terms |
T/T, Cash, etc. |
Import
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Products |
Raw materials and components, etc. |
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Payment Terms |
L/C, T/T, etc. |
Domestic Markets
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Product |
AC power source products, etc. |
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Selling Terms |
T/T, Cash, etc. |
Export
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Product |
AC power source 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,
and the supplied bank name, address and swift, etc. is not confirmed by
subject.
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 |
Mr. Zhang |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 68.39 |
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|
1 |
INR 91.44 |
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Euro |
1 |
INR 80.14 |
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TWD |
1 |
INR 2.26 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
|
Analysis Done by
: |
PRI |
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Report Prepared
by : |
TPT |
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 |
|
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.