MIRA
INFORM REPORT
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Report Date : |
09.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
FORMOSA PLASTICS CORP |
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Registered Office : |
Rm 201 Formosa Plastics Bldg 201 Tun Hua
North Rd, Sungshan Dist Taipei City 105, Taiwan |
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Country : |
Taiwan |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
30.10.1954 |
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Com. Reg. No.: |
75708007 |
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Legal Form : |
Public |
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Line of Business : |
Ø
Manufacture, domestic sales and export
of Machinery and related parts, Packing materials, Chemical Products, Fabrics
and carpets Ø Importation of chemicals and machine parts |
RATING &
COMMENTS
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MIRA’s Rating : |
Aaa |
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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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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name & Address
FORMOSA PLASTICS CORP
RM 201 FORMOSA PLASTICS BLDG 201 TUN HUA
NORTH RD, SUNGSHAN DIST TAIPEI CITY 105, TAIWAN
TEL : 886-2-27122211
FAX : 886-2-27175287
EXECUTIVE SUMMARY
INCORPORATION DATE : OCTOBER 30, 1954
REGISTRATION NO. :
75708007
LEGAL FORM :
PUBLIC
CHIEF EXECUTIVE :
MR. CHIH-TSUEN LEE (CHAIRMAN)
STAFF STRENGTH :
4,857
CAPITAL : US$ 1,729,141,475
BUSINESS LINE :
MANUFACTURER
TURNOVER :
TWD 110,578,497,000 (AS OF SEP. 30, 2006)
EQUITIES :
TWD 177,733,742,000 (AS OF SEP. 30, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
FAVORABLE TERMS
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : GOOD
EXCHANGE RATE :
TWD 32.91500 = US$1 AS OF 2007-3-5
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*Company History*
===============
30 October, 1954
-
Constructed the first PVC plant in
Kaohsiung City.
April 1957
-
Started operations with a monthly PVC
capacity of 120 metric tons.
1958
-
Set-up NAN YA PLASTICS CORP.
1960
-
Invested in the TUNG SHAN CALCIUM CARBIDE
CORP with a monthly capacity of 2,000 metric tons.
1963
-
Expanded the Kaohsiung plant's PVC
capacity to 2,100 MT/month.
1964
-
Listed on the Taiwan Stock Exchange
market.
1965
-
TUNG SHAN CALCIUM CARBIDE CORP added an
electric furnace to increase capacity to 4,000 MT/month.
-
Established Engineering Section.
-
Caustic Soda plant at Chienchen came on
stream. (70 MT/day)
1966
-
Chienchen Caustic Soda plant set up a
department to produce DOP.
1967
-
Tairylan plant was built at Chienchen to
produce acrylic fiber, with a daily capacity of 4 metric tons.
1968
-
Increased calcium carbide capacity to
8,500 MT/month.
-
Set up the Kuandu plant to produce acrylic
yarn and carpet.
-
20 tanks were added at Chienchen to raise
caustic soda capacity to 88 MT/day.
-
Improved production technology to increase
Tairylan production capacity to 20 MT/day.
1969
-
Set up a Machinery plant.
-
Took over the CHI HO FIBER CO and changed
the name to the Sanhsia plant.
1970
-
Chienchen added a commutator to increase
capacity for liquid caustic soda to 100 MT/day.
1971
-
Two new units at Chienchen raised daily
output of Tairylan to 55 MT/day.
1972
-
PVC plant at Jenwu started operation, with
a capacity of 2,400 MT/month.
-
Dyeing and knitting equipment of Kuandu
plant were moved to the Sanhsia plant.
-
Engineering Section was expanded and
renamed the Engineering & Construction Division.
1973
-
Build a PVC plant in Puerto Rico with a
monthly capacity of 6,000 MT/month.
-
Capacity of the DOP plant was increased to
2,500 MT/month.
-
Printing equipment was added at the
Sanhsia plant.
-
Machinery plant was expanded and moved to
the Jenwu plant.
-
Jenwu plant began construction of a
Caustic Soda plant with a capacity of 525 MT/day and a VCM plant with a
capacity of 240,000 MT/Y.
1974
-
Capacity of A and B acrylic fiber at Jenwu
was increased to 50 MT/day.
1975
-
First VCM plant at Jenwu was completed and
came on stream with an annual production capacity of 240,000 metric tons.
-
PVC capacity at Jenwu plant was increased
to 9,000 MT/month.
-
Construction of Wharf#29 was completed.
-
Caustic Soda plant at Jenwu came on stream
(525 MT/day).
-
Machinery plant was restructured into the
Machinery Division.
-
A utilities plant with a 246 MT/hour
boiler was added.
1976
-
Founded Chang Gung Memorial Hospital.
1977
-
Plastics Division phased out the use of calcium
carbide in its manufacture of VCM.
-
Test production of E-process Compound
fiber (C series) began at Jenwu plant.
-
A 130M3 PVC reactor at the Jenwu plant
increased capacity to 18,000 MT/month.
1978
-
Caustic soda capacity at Chienchen was
increased to 105 MT/day.
-
Construction of the first phase PVC plant
at Kaohsiung was completed, increasing production capacity of suspension PVC
resin by 1,500 MT/month to a total of 9,000 MT/month.
-
Second phase of VCM plant at Jenwu
constructed, with capacity of 240,000 MT/Y.
-
Tairylan plant at Jenwu successfully
developed E-process Compound fiber (D series).
-
Chienchen and Jenwu plants totaled 165
MT/day.
1979
-
Tairylan plant at Chienchen was shut down;
some equipments were transferred to Jenwuplant.
-
Started planning investments in the United
States.
-
Two 8,000 KW oil-fired generators were
added.
-
Tairylan plant at Jenwu expanded capacity
by 30 MT/day (F series).
-
An expansion was added to the PVC plant at
Jenwu to produce 100,000 MT/Y of Mass PVC resin.
1980
-
Machinery Division entered into technical
cooperation with the RENK CORP.
-
Tairylan plant at Jenwu expanded its
capacity by 30 MT/day.
-
Puerto Rico plant was shut down.
-
Second phase expansion of the VCM plant at
Jenwu was completed, increasing the totalproduction capacity to 480,000 MT/Y.
-
Caustic Soda plant at Jenwu added four
tanks, which increased its capacity to 530MT/month.
-
Installed a Benson boiler of 180 MT/Hr, a
steam generator of 23,500KW, and an oxygenplant of 3,667 NM3/Hr.
1981
-
Completion of the 30 MT/day (G series)
expansion at the Jenwu Tairylan plant increased capacity to 210 MT/day.
-
Second phase expansion of Dispersion PVC
resin at Kaohsiung came on stream with a monthly capacity of 900 MT.
-
A calcium carbonate plant with capacity of
10,800 MT/month was begun at the calcium carbide plant.
-
Printing and garment making operations at
Sanhsia were shut down.
-
Expanded the PE (120,000 MT/Y), Utility
(120T/H, co-generation 15,800 KW) and AE plant (28,500 MT/Y) at Linyuan.
November 1981
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DOP plant was shut down.
1982
-
A and B series at the Tairylan plant were
converted to E-Type, resulting in an increase of production capacity to 240
MT/day.
-
FPC USA started operations.
-
100,000 MT/Y Mass PVC resin expansion
plant came on stream.
-
Jenwu Caustic Soda plant added an IEM-1
ion-exchange system with capacity of 116 MT/day.
-
10,800 MT/month Calcium Carbonate plant
came on stream.
1983
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A Polyolefin Division was established.
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Planning began for Phase Three production
of VCM at 240,000 MT/Y.
-
Succeeded in developing carbon fiber.
-
Set up the PE processing section.
1984
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120,000 MT/Y HDPE plant at Linyuan came on
stream.
-
Machinery Division signed a cooperative agreement
with MURATA CORP of Japan to manufacture automatic warehousing systems.
-
Build the Research & Development
Building at Jenwu.
-
Acrylic Acid and Ester plant came on
stream with an annual capacity of 28,500 MT/Y.
1985
-
A chlorofluorcarnbon plant with a capacity
of 23,040 MT/Y was completed.
-
Chienchen Caustic Soda plant was shut
down.
-
Caustic Soda plant using the IEM-1 process
at Jenwu came on stream with a daily capacity of 116 metric tons.
-
VCM plant at Linyuan came on stream; as a
result, the total capacity of VCM was increased to 720,000 MT/Y.
-
A carbon fiber plant with a capacity of
100 MT/Y was constructed.
-
Completed the expansion project of 2EHA (2
Ethyl Hexyl Acrylate).
1986
-
Build the wax plant with an annual
capacity of 1,440 metric tons.
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Build the 300 MT/Y carbon precursor plant.
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Build the 330 MT/Hr coal boiler.
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Set up the Lungteh Machinery plant.
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A PVC plant with capacity of 140,000 MT/Y
was completed at Linyuan.
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Planning to invest in the Sixth Naphtha
Cracking Project.
-
Expansion of Chemical Wharf#28 was
completed.
-
100 MT/Y carbon fiber plant came on
stream.
-
Build a MBS plant with a capacity of
12,000 MT/Y at Linyuan.
1987
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Released the following products: MBS,
Non-gloss PVC, High Molecular HDPE,
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Rectangular Cross-section Acrylic Fiber, Super
Absorbent Polymer, Precursor for Carbon Fiber.
-
Taical plant came on stream with a
capacity of 400 MT/month.
-
Production of carpet tile began at a
capacity of 16,500 M2/month.
-
Build the second phase PVC plant at Linyuan
with an annual capacity of 70,000 metric tons.
-
Machinery Division established the Heavy
Duty Lifting Equipment Department.
-
300 MT/Y carbon precursor plant came on
stream.
-
Tairylan Division build a 30 MT/day
special fiber production line (H series).
1988
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A 6,000 MT/month Maerz limestone kiln was
installed.
-
Build the Hsinkang plastic processing
plant in Chiayi to produce garbage bags (120MT/ month), shopping bags
(140MT/month) and deli bags (40MT/month).
-
Tairylan Division's 30 MT/day special
fiber plant came on stream, increasing capacity to 300 MT/day.
-
Linyuan utility plant added a 200 T/Hr
boiler and 49,460 KW co-generator.
-
Expansion of Taical production line (600
MT/M).
-
Installed the BCF-PP and flat fiber
production line, the latter having a capacity of 1,800 MT/Y.
-
Production at the Jenwu Caustic Soda plant
was shifted from the mercury process to the ion-exchange process, at a capacity
of 425 MT/day.
-
completed the second carbon fiber plant
with capacity of 130 MT/Y.
-
Jenwu utility plant added two sets of
co-generators.
1989
-
Machinery Division set up the Heavy Duty
Machine Shop.
-
First phase PVC resin plant at Linyuan
came on stream with a capacity of 140,000 MT/Y.
-
Mercury process was shut down. The IEM-2
started operations with a capacity of 425 MT/day.
-
Second Taical production line went into
operation with 12,000 MT/Y capacity.
-
Invested USD100 million to establish the
FORMOSA PLASTICS CORP, America (FPCA), building IEM plant (liquid caustic soda
633,000 MT/Y, chlorine 571,000 MT/Y) and EDC
plant (600,000 MT/Y).
-
MBS plant at Linyuan came on stream with a
capacity of 12,000 MT/Y.
1990
-
Second phase carbon fiber expansion was
completed, increasing the total capacity to 230 MT/Y.
-
Acrylic Acid and Ester plant was expanded
to 75,000 MT/Y.
-
Second phase of PVC facilities at Linyuan
was completed, creating a capacity of 70,000 MT/Y.
-
Chlorofluorocarbon plant came on stream
with a capacity of 23,040 MT/Y.
1991
-
Established FORMOSA HEAVY INDUSTRIES CORP.
-
Constructed the Hsinkang Super Absorbent Polymer
plant, with an annual capacity of 6,000 metric tons.
-
Completed the Hsinkang PE bag plant.
-
Started production of distributed control
systems (DCS), with capacity of 18 to 24 systems per year.
-
Constructed NS-2500 calcium carbonate
process with a capacity of 6,000 MT/Y.
-
Two sets of 350 T/Hr boilers and
co-generators with 201,400 KW capacity went into operation at Jenwu.
-
Constructed the Hsinkang POM plant, with
an annual capacity of 20,000 metric tons.
-
200 T/Hr boiler and co-generator with
49,460 KW capacity went into operation at Linyuan.
1992
-
Transferred assets and personnel of the
Machinery Division to Formosa FORMOSA HEAVY INDUSTRIES CORP.
-
Set up co-generator with 125,900 KW
capacity at Jenwu plant.
-
DCS installation and testing facilities
went into operation.
-
Started pilot production for CFC
substitutes HCFC-141b and 142b.
-
Increased capitalization in FORMOSA
PLASTICS CORP, America by USD50 million.
-
Fiber Processing Division was closed.
1992
-
Jointly established FORMOSA PETROCHEMICAL
CORP by FORMOSA PLASTIC CORP, NAN YA PLASTIC CORP and FORMOSA CHEMICALS &
FIBRE CORP to plan, design, construct and operate a sizeable portion of the
huge expansion project of No. 6 Naphtha Cracking Project.
-
Personnel of Olefin Team-were transferred to
FORMOSA PETROCHEMICAL CORP.
1993
-
Super Absorbent Polymer plant with a
capacity of 6,000 MT/Y was completed and put into operation at Hsinkang.
-
Constructed KS-50 calcium carbonate
equipment with a capacity of 7,500 MT/month.
-
Established MAILIAO HARBOR ADMINISTRATION
CORP.
-
Pilot plant for POM, with a capacity of
1,000 MT/Y, went on line at Hsinkang. 5 July, 1993 - Officially announced the commencement of work on the
Sixth Naphtha Cracking Project
-
Six electrolytic cells added 35,300 MT of
annual capacity at the Jenwu Caustic Soda plant.
1994
-
Began construction on a USD10bn
petrochemical complex in Yunlin province that will contain 37 plants, including
naphtha cracker and oil refinery.
-
Carbide plant added a MAERZ limestone Kiln
(9,000 MT/Y).
-
Expansion of the Linyuan PVC plant
includes processing aids and acrylic modifiers (5,760 MT/Y for PA, 1,440 MT/Y
for AM and 3,600 MT/Y for MBS).
-
Invested in ASIA PACIFIC INVESTMENT CO.
-
Processed with the second phase expansion
of the Super Absorbent Polymer plant(6,000 MT/Y).
1995
-
Implemented the third stage expansion
project for the carbon fiber with annual capacity of 500 MT.
-
Addition of one precipitated calcium
carbonate plant (3,000 MT/month) and one set of U-Cal facility (1,200 MT/month)
in the Calcium Carbide plant.
-
Processed with the expansion of the HDPE
plant to a 180,000 MT/Y facility.
-
Completed and started production of the
POM plant (20,000 MT/Y).
-
Completed the installation of one set of
co-generator with 500 T/Hr (125,900 KW) capacity in Jenwu plant.
-
Completed the second phase Super Absorbent
Polymer plant expansion (6,000 MT/Y).
-
Transferred 5% holding of FORMOSA
PETROCHEMICAL CORP to FORMOSA TAFFETA CORP.
-
Invested NTD432 million (24% share
holding) to form FORMOSA KOMATSU SILICON COR with Japan's KOMATSU ELECTRONIC
METALS CO LTDand ASIA PACIFIC INVESTMENT CO.
1996
-
Completed the third stage project for
carbon fibers.
-
Completed the expansion project for
processing aids and acrylic modifiers in Linyuan PVC plant.
-
Invested for the establishment of MAILIAO
POWER CORP.
-
Completed the modification project for
Linyuan Polyethylene plant to raise the annual capacity to 180,000 MT.
-
Invested for the establishment of Formosa
MAILIAO MAINTENANCE & ENG CORP
1997
-
Implemented the first stage expansion
project for the Carbon Fiber plant in Mailiao with an annual capacity of 1,000
MT.
-
Chlorofluorocarbon plant renamed
Hydrochlorofluorocarbon plant.
-
Precipitated calcium carbonate plant
(3,000 MT/month) and U-Cal facility (1,200 MT/month) began production.
1998
- Completed and started production of the
Mailiao AA/AE plant (100,000 MT/Y).
-
Completed and started production of the
Mailiao PVC plant (420,000 MT/Y).
-
Olefin Team-renamed as Chemicals Division.
-
Invested NTD 200 million (50% share
holding) to form FORMOSA ASAHI SPANDEX CO LTD with Japan's ASAHI CHEMICAL
INDUSTRY CO LTD.
-
Completed and started production of the
Mailiao HDPE plant (240,000 MT/Y).
1999
-
Completed and started production of the
Mailiao Caustic Soda plant (phase I 1,000 MT/day).
-
Completed and started production of the
Mailiao VCM plant (600,000 MT/Y).
-
Invested NTD50 million (50% share holding)
to form FORMOSA DAIKIN ADVANCED CHEMICALS CO LTD with Japan's DAIKIN INDUSTRIES
LTD
-
Processed with the third phase expansion
of the Super Absorbent Polymer plant (12,000 MT/Y).
-
Processed with the PDP plant (phase I
7,200SETS/Y) in Sanhsia.
2000
-
Completed and started production of the
Mailiao Carbon Fiber plant (1,000 MT/Y).
-
Invested for the establishment of FORMOSA
PLASTICS MARINE CORP.
-
Completed the third phase Super Absorbent
Polymer plant expansion (12,000 MT/Y).
-
Completed and started production of the
Mailiao Caustic Soda plant (phase II 500 MT/day).
-
Completed and started production of the Mailiao
C4 plant (MTBE 151,000 MT/Y and B-1 17,000 MT/Y).
-
Completed and started production of the
Mailiao EVA/LDPE plant (200,000 MT/Y).
-
Completed and started production of the
Mailiao AN plant (200,000 MT/Y).
2001
-
Set up a Hospital in the Chiayi area.
-
Invested for the establishment of FORMOSA
GROUP OCEAN MARINE INVESTMENT CORP (19% share holding).
-
Completed and started production of the
Mailiao LLDPE plant (240,000 MT/Y).
-
Invested for the establishment of FORMOSA
TELETEK CORP (100% share holding).
-
Completed and started production of the
Mailiao MMA plant (70,000 MT/Y).
-
Completed and started production of the
Mailiao ECH plant (80,000 MT/Y).
-
PDP plant (phase I 7,200 SETS/Y) in
Sanhsia began production.
-
Completed and started production of the
Mailiao paste PVC plant (36,000 MT/Y).
-
Invested for the establishment of SU-HUA
TRANSPORT CORP (25% share holding).
2002
-
Invested for the establishment of FORMOSA
PLASMA DISPLAY CORP (77.5% share holding).
-
Completed the Mailiao AE plant expansion
(18,000 MT/Y)
-
Invested for the establishment of FORMOSA
INDUSTRIES (NINGBO) CO LTD for PVC production (300,000 MT/Y).
-
Signed the PDP MOU with FUJITSU HITACHI
PLASMA DISPLAY CORP and AU OPTRONICS CORP.
-
Invested in GALA TELEVISION CORP (6.25%
share holding).
-
Bought 49% share holding of YUNGCHIA
CHEMICAL INDUSTRIES CORP from CENTRAL INVESTMENT CO
22 May, 2002
-
Received approval to invest USD 43 million
in a PVC plant in China.
1 August, 2003
-
Merged YUNGCHIA CHEMICALS INDUSTRIES CORP
and renamed as Polypropylene Division responsible for PP business.
-
Completed the Mailiao HDPE phase III
expansion (50,000 MT/Y).
-
FPC supplied 63,734,000 FPCC shares for
FPCC IPO (NT 43 per share).
-
Processed with the new production of NF3
plant (100 MT/Y) in Jenwu.
-
Invested for the establishment of FORMOSA
ACRYLIC ESTERS (NINGBO) CO LTD for AE production (230,000 MT/Y).
TRADE
REFERENCES
Continuation of company history
---------------------------------------------
6 March, 2003 - Decided to merge
YUNGCHIA CHEMICALS INDUSTRIES CORP (1.96 shares of Yungchia stock for 1 share
of FPC stock).
-
Invested for the establishment of FORMOSA ENVIRONMENTAL TECHNOLOGY CORP
(24.34% share holding).
-
Completed the Linyuan PP plant expansion (50,000 MT/Y).
-
Completed the Hsinkang POM plant expansion (5,000 MT/Y).
-
Completed the Mailiao MMA plant (MAA 20,000 MT/Y).
-
Completed and started production of the Jenwu LiPF6 plant (200 MT/Y).
-
Completed the Jenwu Acrylic Fiber plant expansion (13,000 MT/Y).
9 July, 2004 - Bought a
cumulative 12.74 million shares in NAN YA PLASTICS CORP at an average price of
NTD 44.81.
-
Invested for the establishment of FORMOSA POLYPROPYLENE (NINGBO) CO LTD
for polypropylene production (450,000 MT/Y).
*Company Registration*
===================
License number : 75708007
Date issued : 30 October, 1954
Issuing authority : Ministry of Economic Affairs (MOEA)
*Capital Details*
=============
Initial Registered Capital : NTD 5,000,000.00
Capital increases as follows:
Date Increase (NTD)
------ ----------------------
1998 2,657,000,000.00
--- 48,080,000,000.00
--- 55,530,000,000.00
--- 57,200,000,000.00
with a paid-up capital of NTD
55,530,000,000.00
*Office & Facilities*
================
Size : 120,000 sq ft (Approx)
Facilities : Modern
Property status : Owned by FORMOSA Group
Type of building : Commercial building
Other Contact Details
-----------------------------
Tel no
: 2-27178114
Fax no
: 2-27193262
Previous Contact Details
---------------------------------
Tel No
: 2-7122211
Email : pjlau@fpc.com.tw
*Factories, Size & Locations*
======================
Location : Jenwu Hsiang, Kaohsiung Hsien
Other tel no : 7-3711411
*Corporate & Organization Structure*
============================
Organization Chart
| ---- Plastics Division
|
Chairman
| ---- Tairylan Division
Y.C. Wang
|
|
| ---- Carbide Division
|
|
President
-------------------------------------------------------------------- | ----
Engineering & Const Division
C. T. Lee |
|
|
|
| ----Administration Dept | ---- Polyolefin
Division
| | |
President's | ---- Management Analysis | ---- Chemicals Division
Office | Dept |
| |
----- Polypropylene Division|
|
|
|---- Personnel Dept | ----- Plastics Processing Dept
| |
|
---- Special Project Dept
| ----- Electronics Special Project Dept
| |
| |
----- R & D Dept
| ---- Sales Management
Dept |
| |
----- Inspection Center
| |
|
---- General Affairs Dept
| ----- Maintenance Center
|
|----- Labor Safety & Hygiene Dept
|
|----- Accounting Dept
|
|-----
Warehousing & Shipping Dept
|
|-----
Kaohsiung Administration Dept
Organization and management of the company
is divided into three (3) basic areas which include :
- Production
- Management
- Research & Development
Organization and management of the company
is divided into the following :
Division Telephone number Fax number E-mail address
----------- ------------------------- ---------------- ---------------------
Plastics Division
2-27178126
2-27137012
chrishuang@fpcpvc.com.tw
Tairylan Division
2-27178135
2-27134818
aamattrl@fpc.com.tw
Calcium Carbide Division 2-27178152 2-27193261 philipchen@fpc.com.tw
Polyolefin Division 2-27178145 2-27193260 tpsalpol@fpc.com.tw
Chemicals Division 2-25460210 2-27178340 402180@fpc.com.tw
Plastics Processing Dept. 2-27178113 2-27193262 tapro@fpc.com.tw
Electronics Dept.
7-3718114
7-3727026
hwepd@fpc.com.tw
*Licenses & Permits*
=================
License number : N/A
Year issued : 1981
Issuing authority : S.U.U2
Type of license : Authorization
license
Details :
Such license was received by its Machinery Division
*Industry Ranking*
================
(1)
Ranked among the top ten companies in
Taiwan. Details as follows:
Rank Details
------- ----------
2 amongst companies
leading in domestic sales.
5 amongst companies producing
man-made fibers.
1 amongst companies
producing plastics.
5 amongst companies
producing chemicals.
2 amongst companies
producing machinery.
10 in a combined
ranking of government, non-government, manufacturing
and non-manufacturing companies.
1 amongst companies
producing petrochemical products
1 amongst companies
producing chemicals
7 amongst companies
producing machinery
10 amongst companies
producing man-made fiber textiles
6 amongst companies
producing man-made fiber
(2)
Rank among the Top 500 Corporations.
Details as follows:
Year Rank
------- --------
1992 5
1985
2
1986
2
(3)
Considered as one of the Top 2000
Companies.
Ranking as follows :
Year Rank
------- ---------
2000 2
1999 4
1998 4
(4)
Ranked as Top 1000 largest Companies in
Asia.
Details as follows:
Year Rank
--------- ----------
1999 891
2000 893
(5)
Considered as one of the Taiwan 10
Guidepost Enterprises conducted by the Chinese Language Common Wealth magazine.
(6)
Generally regarded as one of the Top 1000
Companies in manufacturing industry of Taiwan.
*Sales Ranking*
=============
Details of rank are as follows :
Year Rank
------ -------
1996 14
1997 13
1998 19
2000 17
2001 16
2002 19
*Awards*
========
Award : Outstanding Award for the Protection of the Ozone
Layer and the Production Industry
Technology Development Award
Year : 1994
Details : Won such award for the successful development of CFC
substitutes HCFC-141b and 142b.
*Auditors*
==========
KPMG PEAT MARWICK LTD
Web
site: www.fpc.com.tw The design is professional and the content is well organized. At present
it is both in Chinese and English version.
E-mail: formosa@fpc.com.tw
Litigation ( 1 )
Position : Defendant
Other Parties Involved : Position Country
Party's Name
Plaintiff
Taiwan Government
Defendant
Taiwan CHUNG GUNG MEMORIAL HOSPITAL
Defendant
Taiwan FORMOSA CHEMICALS & FIBRE CORP
Case Issue : Accused for air and water
pollution infringements in Kaohsiung, Changhua and the Tahan River
Date Commenced : 1986
Status : Not stated
Litigation ( 2 ) Not Adverse
Position : Plaintiff
Other Parties Involved : Position Country
Party's Name
Defendant
China Environment Protection Service (EPS)
Case Issue : A petition to the court
stating that the delay was not caused by FORMOSA and should consider the return
of the money paid for the service provided.
Date Commenced : 7 November, 2001
Status : Pending
Summary : FORMOSA requested to approve the
delay on the delivery of HQ mud products at the Environment Protection Service
(EPS) which is based from Basel Convention after these products have been
returned by the Cambodian Government. However, this request has not been
completed due to other reason (did not provided any detailed) hence the
deposited money has been confiscated.
Litigation ( 3 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country
Party's Name
Defendant
Taiwan Pingtung County Government
Case Issue : A petition to the court
stating that the waste is not owned by FORMOSA and requested to have a
judgement at Kaohsiung High Administrative Court.
Court : Kaohsiung High Administrative,
Taiwan
Date Commenced : 2 January, 2002
Date Closed : 7 November, 2001
Status : Pending
Summary : Pingtung County Government
requested NT$51,700,000 from FORMOSA for the clean up process of waste in
February 2000.
However FORMOSA stated that these waste is
not owned by them and requested
to have judgement at Kaohsiung High
Administrative Court.
*Major Shareholders*
==================
Shareholders' Name No. of Shares
--------------------------- -------------------
Mr. Wen-yuan Wang 437,353,602
Mr. Kuang-chou Chang 437,353,602
Mr. Sheng-fu Lu 296,515,165
Mr. Feng-chin Lin 227,969,130
Mr. Jou-tao Huang 107,943,765
Mr. Min-ting Ho 25,003,922
Mr. Wen-chao Wang 9,037,017
Mr. Jui-hua Wang 3,412,189
Mr. Chih-tsun Lee 1,134,563
Mr. Jerome Chi-lang Ko 471,090
Mr. Kuo-hsiung Wu 147,900
Mr. Tsung-ching Huang 77,559
Ms. Li-ching Chen 18,210
Mr. Yu-jui Chang 10,300
Mr. Chao-lin Yang 3,423
Mr. Hsu-ping Pai 2,060
Mr. Chien-nan Lin 0
Mr. Tsung-chang Lee 0
Management: Mr. Ta-chi Yu, Manager
Mr. Pen-yuan
Chang, Manager
Mr. Jerome
Chi-lang Ko, Assist. Manager
Name Nationality
Job Description
Mr. Ta-chi Yu Taiwanese Manager Account
Mr. Pen-yuan Chang Taiwanese Manager
Finance
Mr. Jerome Chi-lang Ko Taiwanese Assist.
Manager -
Mr. Wayne Chih-hsiung Hsiao Taiwanese Assist.
Manager -
Mr. Chih-tsuen Lee Taiwanese General
Manager -
Mr. Han-fu Lin Taiwanese General
Manager -
Mr. Kuo-hung Wei Taiwanese General
Manager -
Mr. Tzu-feng Chang Taiwanese General
Manager -
Mr. Wen-lung Yang Taiwanese General
Manager -
Mr. Ping-chin Chen Taiwanese Manager
-
Mr. Wen-sung Chang Taiwanese Manager
-
Mr. Ying-tsai Chen Taiwanese Manager
-
Mr. Tsung-ching Huang Taiwanese Senior Vice President -
Mr. Kuo-hsiung Wu Taiwanese Supervisor
-
Mr. Chien-nan Lin Taiwanese Vice
General Manager -
*Key Personnel*
==============
(1)Mr. Chih-tsuen Lee
Age : 70 years
Responsibilities : Handles the daily operation of the firm including all
financial and legal matters.
Resident status : Taiwan
(2)Mr. Wayne Chih-hsiung Hsiao
Responsibilities : Handles the overall operating and management businesses of
Polyolefin Division
(3)Mr. Jerome Chi-lang Ko
Responsibilities : Helps the President in all R&D businesses of the company
(4)Mr. Ping-chin
Responsibilities : Manages all operating and management businesses of Tairylan
Division
(5)Mr. Kuo-hung Wei
Responsibilities : Manages all operating and management businesses of Chemicals
Division
(6)Mr. Tzu-feng Chang
Responsibilities : Manages all operating and management businesses of Polyolefin
Division
(7)Mr. Wen-lung Yang
Responsibilities : Manages all operating and management businesses of Plastics
Division
(8)Mr. Han-fu Lin
Responsibilities : Manages all operating and management businesses of
Polypropylene Division
(9)Mr. Wen-sung Chang
Responsibilities : Manages all operating and management businesses of Carbide
Division
(10)Mr. Tsung-ching Huang
Responsibilities : Helps the President in all operating and management businesses
of the company
(11)Mr. Ping-chin Chen
Responsibilities : Manages all operating and management businesses of Tairylan
Division
(12)Mr. Ying-tsai Chen
Responsibilities : Manages all operating and management businesses of
Construction and Engineering Division
(13)Mr. Ta-chi Yu
Responsibilities : Manages all businesses of Accounting Department
*Main Products & Services*
======================
Specializes in manufacturing the areas of
work:
1. Manufacture, domestic sales and export
of the following products:
- Machinery and related parts
- Packing materials
- Chemical Products
- Fabrics and carpets
2. Importation of chemicals and machine
parts
Products are classified as follows:
Machinery related parts
---------------------------------
- Shafts
- Bearing Houses
- Gears and Gearing
- Flywheels
- Pulleys and Pulley Blocks
Packing materials
-----------------------
- Containers of Plastic (food pckg)
- Polyethylene Film
- High and Low Density Polyethylene bags
Intermediate plastics and other
petrochemicals
--------------------------------------------------------------
- Synthetic Hydrocarbon Wax
- Calcium Carbide
- Vinyl Acetate Polymer
- Polyvinyl Chloride Paste Resin
- High Density Polyethylene
- EVA resin
- HDPE resin
- POM resin
Chemical products
-------------------------
- Synthetic Methacrylic Acid, its Salts
& Esters
- Synthetic Butyl Acrylate
- Sodium Hydroxide, Flakes
- Dense Calcium Carbonate
- Acrylic type processing aids
- Acrylic type impact modifiers
- Calcium carbonate, activated
- HCFC-141b,142b
- Light master batches
- MBS type impact modifiers
- Taical
- Vinyl chloride-vinyl acetate copolymer
Fibers
---------
- Discontinuous Polyacrylontrile Fibers
(top carded, not carded or else prepared for spinning)
- 100% Synthetic Fiber
- 100% Polyacrylic Fiber
- Carbon fiber prepregs
- Carbon fiber reinforced plastics
Fabrics and carpets
---------------------------
- Weft-knitted Fabrics
- Yarn-dyed Fabrics
- Carpets
- Carpeting and Rugs of Synthetic Fiber
Yarns
--------
- Synthetic Fiber Yarns
- Acrylic Spun Yarn
Products: Carbide
PS (polystyrene)
Polyester staple fibers
Plastic closures
Acrylic nitrile
*Brand*
=======
Formosa Plastics
*Payment Terms*
==============
Sales
-------
Local
: Cash
30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Local
: Cash
30-60 days credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Associations*
=============
Member of the following associations :
- Taiwan Synthetic Resins Manufacturers'
Association
- Taiwan Electrical and Electronic
Manufacturers' Association (TEEMA)
*Competitors*
===========
The following locally based firms supply
similar range of products:
- USI CORP
- TAIWAN POLYPROPYLENE CO LTD
- ORIENTAL UNION CHEMICAL CORP
- ASIA POLYMER CORP
- ROHM & HAAS TAIWAN INC
*Long & Short Term Investment*
==========================
(1)
Type of Investment :
PVC Factory in Baton Rouge, Louisiana
Year of Investment :
1987
Investment Amount : USD 65 million
(2)
Type of Investment :
2 units 3,200 ton vessel
Year of Investment :
1987
Investment Amount : USD 50 million
Details :
Specifically designed for the purpose of shipping petrochemical materials
(3)
Type of Investment : PVC Plant in China
Date of Investment :
June 2002
Investment Amount : USD 43 million
Details :
Initial investment for a NTD150 billion (USD 4.4 billion) of a 1,100-hectare
petrochemical
zone in Ningbo of Jiangsu province in China for
production of PVC products.
*Production Capacity*
==================
Unit: Metric Tons
Item Maximum Capacity Current Capacity
------- --------------------------- ------------------------
PVC Resins 1,401,000 1,202,484
VCM 1,580,000 1,488,094
Liquid Caustic Soda 883,000 819,226
HDPE 450,000 419,761
Calcium Carbonate 258,000 124,361
Acrylic Acid & Esters 198,000 201,370
AN 240,000 206,702
MTBE 174,000 169,811
LDPE 110,000 88,318
Acrylic Staple Fiber 92,000 85,631
EVA 90,000 75,958
Epichlorohydrin 80,000 72,035
Methyl Methacrylate 84,000 61,599
Calcium Carbide 54,000 16,794
SAP 30,500 33,713
CFC 16,700 1,588
MBS, PA, AM 15,600 1,588
Bags 12,000 9,995
Carbon Fiber 2,000
507
*Quality Certification*
==================
Type of Certification : ISO 9002
Year of Certification : 1994
Granted the ISO 9002 certificate to the
following division :
- Plastic Division CFC Plant
- Plastic Division Jenwu Naoh Plant
- Plastic Division Jenwu PVC Plant
- Plastic Division Jenwu VCM Plant
- Plastic Division Kaoshiung PVC Plant
- Plastic Division Linyuan Plastic Plant
- Tairylan division Acrylic Acid and Ester
Plant
- Tairylan Division Tairylan Plant
- Linyuan Plant
- Tungshan Plant
*Technologies Developed and/or Acquired*
===================================
(1)
Product Developed : MBS (Methymethacrylatebetadiene-styrene)
Launched Date : 1987
Details : The development of the MBS will save the
company USD12.5 million per year on Japanese imports of the material and
increase its revenue to USD7.5 million through exports.
(2)
Type of technology : Plasma display panel (PDP) technology
Country :
North America
(3)
Type of technology :
Ion exchange membrane technology, with fully computerized control system
Acquired from : UHDE
Country :
Germany
(4)
Type of technology :
Ion exchange membrane technology, with fully computerized control system
Acquired from : ASAHI
Country :
Japan
*Licensing Agreements*
====================
Technical cooperation agreements between
FORMOSA PLASTICS and foreign concerns include the
following:
Company name Country Service
-------------------------
-----------------------
-------------------
HIT CO
USA Technology/Instruction
STONE & WEBSTER ENGINEERING USA Ethylene/Propylene plant technology
&
Engineering/design services
*Machinery & Equipment*
======================
Vessels :
- 4 units specially-built ships
The Lin Yuan HDPE plant maintains a
computer-controlled automatic warehouse designed and fabricated by FORMOSA
PLASTIC'S Machinery Division, a separate revenue-generating division of the
corporation.
The machine shop facilities at the Jen Wu
plant are primarily responsible for fabrication and maintenance of equipment
for all GROUP companies.
*Detailed Product Specifications*
==========================
(1)
Product
Mass PVC
Major applications
Rigid sheets, film, floor tiles,
transparent bottles, pipes and fittings
(2)
Product
Suspension PVC
Major applications
Rigid and flexible rubberized fabric,
film, rubber, window blinds, electric wire and cable, construction materials,
piping, lounge chair, handbags, Christmas trees, inflatable products and auto
parts.
(3)
Product
Copolymer PVC
Major applications
Rigid plate, asbestos tiles, printing ink,
surface finishes, paints, and.
(4)
Product
Emulsion PVC
Major applications
Rigid and flexible dolls, toys, socks,
auto parts, wall coverings, carpets, gloves, sponged leather and soft leather.
(5)
Product
Liquid Caustic Soda
Major applications :
Synthetic fibers, rayon staple fiber,
dyes, paper industry, soaps, detergents, bleaching agents, leather processing
industry, sodium silicate oil and grease removal, water treatment, aluminum hydroxide,
sodium sulfite and chemical products.
(6)
Product
Flake Caustic Soda
Major applications
Synthetic fibers, rayon staple fiber,
dyes, paper industry, soaps, detergents, bleaching agents, leather processing
industry, glass, spices, oil and grease removal, pesticides and medicinal
industry.
(7)
Product
Liquid Chlorine
Major applications
Rayon staple fiber, cleaning agents for
tap water and water treatment, bleaching agents, synthetic fibers, resins,
pesticides and organic chemicals industry.
(8)
Product
Hydrochloric Acid
Major applications
Flavor
essences, various kinds of inorganic chlorinated materials, medicines,
pesticides, dyes, flavorings, plating, rust removal and general neutralization
purposes.
(9)
Product
Vinyl Chloride Monomer (VCM)
Major applications
Raw material for PVC resin production
(10)
Product
Plastics Modifiers
Major applications
MBS
: processing of rigid sheets, blow-molded plastic bottles, packing
materials, artificial leaves and credit cards.
PA : semi-rigid and rigid processing aids,
plastic pipe materials, board materials, sheets, blow-molded bottles, door and
window construction materials.
AM :
rigid sheets, extrusion rigid board, extrusion foaming construction
materials, vinyl doors and windows.
(11)
Product
Hydrochlorofluorocarbons
(HCFCs) : Including HCFC-22, HCFC-141B and HCFC-142B, all of which are
important chemicals for modern living.
Major applications
Coolant in
air conditioners and refrigerators, foaming agent, cleaning agents, solvents.
(12)
Product
High-Density
Polyethylene (HDPE)
Major applications
Film grade : shopping bags, garbage
and industrial uses, and liners for packing purposes.
Blow-molding
grade :
bottles for edible oils, milk, liquid medicines, detergents etc and tool boxes.
Extrusion
grade : rope, filing
folders, fishing nets, woven bags, canvas and base cloth.
Injection
grade : moving crates, beer cartons, water buckets, water tower,
athletic equipment and toys.
Pipe coating
grade : steel pipes, steel shrink coating.
(13)
Product
Ethylene
Vinyl Acetate Copolymer (EVA)
Major applications
Foam
grade : shoe materials, soles.
Film-blowing
grade : packing bags, agricultural thermal film.
Coating
grade : intramembrane of tetra pak, paper finishing
films.
Bottle-blowing
grade :
plastic bottles, milk bottles.
Injection
grade : various types of toys.
(14)
Product
Linear
Low-Density Polyethylene (LLDPE)
Major applications
Film-blowing
grade : heavy duty packing bags, shopping bags and garbage
bags.
Film casting
grade : packing film for food use.
Rotation
molding grade : large size containers
Injection
grade : small containers
(15)
Product
Processed
Plastic Products like Shopping bags, Produce bags, Garbage bags, Draw
String bags
etc.
Major applications
Packaging
materials for supermarkets and general household use.
(16)
Product
Carbon Fibers
Major applications
Tennis
rackets, fishing rods, bicycles, golf clubs, auto parts, electro-mechanical
parts, aeronautical materials.
(17)
Product
Acrylic Acids
and Esters
Major applications
Synthetic
fibers, paints, adhesives, emulsified oils, pastes, acrylic boards, fiber
finishing agents, thermosetting industrial finishes.
(18)
Product
Super
Absorbent Polymer (SAP)
Major applications
Disposable
diapers, diaper inserts and feminine napkins, nursery moisture absorbers, soil
improvement fluids, dewing preventatives, desiccants, water and oil separators,
sealants and freezer packs.
(19)
Product
Acrylic Fiber
Major applications
Yarns,
sweaters, knitted fabrics, carpets, sports wear, high-end cloth for suits, threads,
skirts, gloves, bedding, curtains etc.
(20)
Product
Quick Lime
Major applications
Raw material
used in the manufacture of calcium carbide, precipitated calcium carbonate,
gypsum and milk of lime, desulfurization in steel refining, bleaching pulp of
neutralizing agent, desiccant and disinfectant, refractories, grinding
ingredients and soil modifiers.
(21)
Product
Calcium
Carbonate
Major applications
Additives for
plastic, rubber, flue gas desulfurization, paint, building materials,
papermaking, fodder, neutralizing agents, wire and cables, medicine, food,
toothpaste, cosmetics, etc.
(22)
Product
Taical/ U-cal
(Master batch of CaCo3 + PP/PE)
Major applications
Additives for
PP, PE, PS and other processing industries, PP/PE injection molding, and
extrusion products used in garbage bags, shopping bags and corrugated paper.
(23)
Product
Precipitated
Calcium Carbonate, colloidal Calcium Carbonate, Nano Calcium Carbonate
Major applications
Additive for rubber,
plastic processed products, paper, paints, inks and sealant, etc.
(24)
Product
U-Cal
Major applications
For PP and PE
injection molding and extrusion products used in garbage sacks, shopping bags
and knitted bags.
(25)
Product
Polyoxymethylene
(POM)
Major applications
Gears and
parts for electronics, electrical machinery, automobiles, transportation
equipment, general machinery, and medical instruments, as well as plastic
zippers and stays.
(26)
Product
Distributed
Control Systems and Computer Monitoring System
Major applications
Suitable for
various continuous or batch processing to achieve complete automation and
centralized plant monitoring.
(27)
Product
Software for
Automation of Vertical Storage and Materials Handling
Major applications
For the
control and development of all types of automated storage and transport
systems.
(28)
Product
Software and
Hardware for General Automatic Systems
Major applications
Control and monitoring
systems as well as distributed medium and small control systems.
(29)
Product
CIM
Coordination
Major applications
This brings
together computer-based MIS, DCS and automated storage computer controls in an
integrated production system.
(30)
Product
Acrylonitrile
(AN)
Major applications
Acrylic
staple fiber, ABS/SAN resin, home electrical appliances, auto parts, stationery
items, safety helmets, luggage cases, sports equipment and NBR rubber.
(31)
Product
Methyl Tert
Butyl Ether (MTBE)
Major applications
Unleaded
gasoline additive.
(32)
Product
Butene-1
Major applications
The
sub-material for HDPE and LLDPE
(33)
Product
Methyl
Methacrylate (MMA)
Major applications
Acrylic plates,
grains and pipes; plastics modifiers, additives for paints, coatings and
adhesives.
(34)
Product
Epichlorohydrin
(ECH)
Major applications
Printed
Circuit Board (PCB), automobile paint, metal container linings, water-proofing
and building reinforcement material.
(35)
Product
Homopolymer
PP
Major applications
BOPP film,
IPP film, CPP film, yarn, woven bags, staple fiber, filter cloth, thermoforming
sheet, transparency pressure forming sheet, portfolio, toys, food containers,
housewares, electrical appliances, thin walled products, storage boxes, etc.
(36)
Product
Random
copolymer PP
Major applications
Shrink film,
heat sealing layer, portfolio, general food & garment packaging, transparency
portfolio, transparency CPP film, transparency container, medical wares,
housewares, food containers, transparency storage boxes, etc.
(37)
Product
Impact
copolymer PP
Product
Pail, sports
appliance, base of luggage, automotive parts, electric appliance parts, tool
boxes, furniture, storage boxes, thin wall products, bumpers, pallet, PPB pipe,
corrugated sheet, etc.
*Domestic Raw Materials Suppliers*
============================
Major local suppliers include:
(1)
Supplier's Name : CHINA PETROLEUM
CORP
Material/components : Ethylene, Propylene
(2)
Supplier's Name : FORMOSA
PETROCHEMICAL CORP
Material/components : Ethylene, Propylene
(3)
Supplier's Name : TAIWAN
INDUSTRIAL CHLORIDE CO LTD
Material/components : VCM
(4)
Supplier's Name : WAN HORN
ENTERPRISE CO LTD
Material/components : Ethylene, Salt
(5)
Supplier's Name : MINDMAN
INDUSTRIAL CO LTD
*Domestic Suppliers*
=================
(1)
Supplier's Name LEE CHANG YUNG CO
LTD
Main Item :
Industrial used oil barrels
(2)
Supplier's Name : CHENG DEH FIRE PROTECTION INDUSTRIAL CORP
Main Item : Fire
protection devices
Others suppliers include :
- FORMOSA CHEMICALS & FIBER CORP
- FORMOSA HEAVY INDUSTRIES CORP
- NAN YA PLASTICS CORP
- FU-TAI ENGINEERING CO LTD
- HARVEST SCIENTIFIC CORP
*Domestic Customers*
==================
Major local customers include :
(1)
Customer's/Client's Name : NEW PARADISE ENTERPRISE CO LTD
Product/Buying :
PVC
Annual Sales :
NT$4,000,000
(2)
Customer's/Client's name : HORNG HWA ENTERPRISE CO LTD
Product/Buying :
Window screens, stripping and jammers
(3)
Customer's/Client's name : ETERNAL CHEMICAL CO LTD
Product/Buying : Acrylate monomer
Other local clients includes :
- CHIN CHIAO ENTERPRISE CO LTD
- FORMOSA CHEMICALS & FIBER CORP
- MEAN TIME ENTERPRISE CO LTD
- NAN YA PLASTICS CORP
- TAI SHIH TEXTILE INDUSTRY CORP
- VAN ZION INDUSTRIAL CO LTD
- YU CHI PLASTICS FABRICATION CO
- DAIREN CHEMICAL CORP
- PAN INT'L INDUSTRIAL CORP
- COIN CHEMICAL INDUSTRIAL CO LTD
- YUAN JEN ENTERPRISE CO LTD
- TAIWAN POWER CO
- FORMOSA PETROCHEMICAL CORP
- WGJ CO LTD
- SPACE SHUTTLE HI-TECH CO LTD
*Imports*
=========
Imports 8,000 tons of PVC from Japan.
Recorded by the China External Trade
Development Council as one of 5,084 selected ROC importers between
1986 and 1987, with the following import commodities registered:
Chemicals & Petrochemicals
---------------------------------------
Barium, Alkyl and Vinyl Chloride
Saturated Acrylic, Butyl, Methyl, Vinyl,
Polyvinyl and Fatty Alcohols
Butene/Butylene
Dichloroethane
Hydrocarbons (Halogenated derivatives,
Sulfonated derivatives)
Ketones, Quinones and derivatives
N-Hexane Propylene
Acrylonitrile, Synthetic
Dimethyl Formamide
Organo Sulphur Compounds
Filament Tow
Cellulose
Anionic Exchange Resin
Organo-Inorganic Compounds
Stearate Salts
Basic Violet
Sodium Lauryl Sulfate
Petroleum Cokes
Catalysts, for polymerization &
compounded
Rubber Anti-oxidants
Textile Chemicals
Metals
-----------
Iron/Steel Beams (worked, non-worked)
Sheet Piling
Stainless Steel Sheets
Steel/Stainless Steel Fittings (pipe &
tubing)
Tubes & Pipes, Nickel Alloys
Iron/Steel Containers, for compressed or
liquified gas
Machinery
----------------
Boilers
Centrifuges & Pumps
Compressor & Vacuum Pumps/Parts
Engines & Parts
Liquid Piston Vacuum Pumps
Machinery for Steam Power Plant
Mixed Flow Pumps
Reciprocating Compressors (Gas)
Soot Removers Parts
Volute Pumps (liquids)
Washing / Dry Cleaning Machine Parts
Bending / Folding / Forming Machines
Boring Machines
Grinding Machines
Machine Tools & Parts
Cranes, Overhead Travelling
Ring Roll & Bowl Mills
Vibrating Conveyor
Rubber Good Manufacturing Machinery
Mechanical Appliances & Parts
Plastic Manufacturing Machinery
Vulcanized Fiber Making Machinery Ash Dischargers,
Mechanical
Baling Machines
Gate Valve
Main Cock
Materials for Heat Treating Apparatus
& Parts
Rings, Oil Seals
Shafts, Bearings, Gears, Flywheels,
Pulleys
Automatic Valves
Electrical Circuit Protection
Apparatus
Electrical Explosion-Proof Motor
SF6 Circuit Breakers
Computers
Data Processing System
Micro Computer
Centrifugal Refrigerating Machines
Measuring Equipment
-------------------------------
Electrical Controlling Equipment
Electrical Quantities Measuring
Recorders
Electrochemical Analyzer
Flow Meters & Liquid Supply
Flow-, Depth-, Pressure-, Controlling
Instruments (liquid or gas)
Gas Chromatograph
Level Meters
Physical or Chemical Analysis
Instruments
Tensile Strength Machines
Thermometers Accessories, parts of
Viscosity, Porosity Expansion, Measuring
or Checking Instruments
Miscellaneous
---------------------
Anthracite
Bituminous Coal, non-coking
Sea Salt
100% Jute Yarn, not for re-sale
Magnetic Tape, Pre-recorded
Rubber Plates & Sheets,
vulcanized
Rubber Articles, hardened
Wheels & Wheel Tires
Fire-Fighting Vehicles
Trailers/Semi-Trailers
*Local Distribution Network*
=====================
52.5% of the annual turnover is attributed
to local sales.
*Export Markets*
==============
47.5% of the annual turnover is attributed
to export worldwide.
*Overseas Suppliers*
=================
(1)
Country :
Japan
Supplier's Name : ITOCHU CHEMICAL
FRONTIER CORP
Products/Materials :
Chemicals
(2)
Country :
Saudi Arabia
Supplier's Name : SAUDI BASIC
INDUSTRIES CORP
Products/Materials :
Ethylene, Alcohols
(3)
Country :
Japan
Supplier's Name : MITSUI
CHEMICALS INC
Products/Materials :
Ethylene, Salt
*International Trade Ranking*
========================
The firm has been ranked among Taiwan's
Top Importers/Exporters based on the standard measured by the
Board of Foreign Trade (BOFT)
Details of rank are as follows :
Year Rank
----- ----------
1997 023
*LOCAL BRANCHES & MANAGEMENT*
===================================
Branch :
FORMOSA PLASTICS CORP - JENWU HSIANG
Branch Address : 100 Shui Kuan Rd Jenwu Hsiang, Kaohsiung Hsien 814
Branch Tel : [+886] 7-3711410
Branch :
FORMOSA PLASTICS CORP (FIBER FABRICATION DIVISION) - SANCHIH HSIANG
Branch Address : 309 Chung Cheng Rd Section 1 Sanhsia Chen, Taipei Hsien
237
Branch Tel : [+886] 2-86711933
Branch :
FORMOSA PLASTICS CORP (TUNGSHAN PLANT) - TUNGSHAN HSIANG
Branch Address : 201 Tung Fu Rd Tungshan Hsiang, Ilan Hsien 269
Branch Tel : [+886] 3-9591134
Branch Fax : [+886] 3-9593066
Branch :
FORMOSA PLASTICS CORP (LINYUAN PLANT) - LINYUAN HSIANG
Branch Address : 1 Shi Hua 1st Rd Linyuan Hsiang, Kaohsiung Hsien 832
Branch Tel : [+886] 7-6419911
Branch Fax : [+886] 7-6812051
Branch :
FORMOSA PLASTICS CORP - HSINKANG HSIANG
Branch Address : 3 Chung Yang Industrial Park Hsinkang Hsiang, Chiayi
Hsien 616
Branch Tel : [+886] 5-3772111
Branch Fax : [+886] 5-3772050
Branch :
FORMOSA PLASTICS CORP - MAILIAO HSIANG
Branch Address : 1 Formosa Industrial Park Mailiao Hsiang, Yunlin Hsien
638
Branch Tel : [+886] 5-6812345
Branch Fax :
[+886] 5-6812051
*OVERSEAS AGENTS AND DISTRIBUTORS*
====================================
Agent :
REN TONG INDUSTRIAL LTD
Country of Origin Hong Kong
Product Description : Acrylic resin materials
Brand :
Formosa Plastics
Year :
1995
*Subsidiaries, Joint-ventures &
Affiliates*
=================================
Joint-ventures
--------------------
(1)
FORMOSA ASAHI SPANDEX CO LTD
This is a joint venture between the
following companies :
- FORMOSA PLASTICS CORP
- ASAHI CHEMICAL INDUSTRY CO LTD
(Japan)
(2)
FORMOSA HEAVY INDUSTRIES CORP
This is a joint-venture between the
following companies :
- FORMOSA PETROCHEMICAL CORP
- NAN YA PLASTICS CORP
- FORMOSA PLASTICS CORP
(3)
FORMOSA PLASMA DISPLAY CORP
This is a joint venture between the
following companies:
- FUJITSU HITACHI PLASMA DISPLAY LTD
(23.1%)
- FORMOSA PLASTICS CORP (76.9%)
(4)
FORMOSA PETROCHEMICAL CORP
This is a joint venture between the
following companies:
- FORMOSA PLASTICS CORP (29.96%)
- NAN YA PLASTICS CORP (24.38%)
- FORMOSA CHEMICALS & FIBRE CORP
(25.72%)
- FORMOSA TAFFETA CORP
- FORMOSA HEAVY INDUSTRIES CORP
(5)
FORMOSA DAIKIN ADVANCED CHEMICALS CO LTD
This is a joint-venture between the
following companies :
- FORMOSA PLASTICS CORP
- DAIKIN INDUSTRIES LTD
(6)
MAILIAO HARBOR ADMINISTRATION CORP
This is a joint venture between the
following companies :
- FORMOSA PETROCHEMICAL CORP
- FORMOSA PLASTICS CORP
- NAN YA PLASTICS CORP
- FORMOSA CHEMICALS & FIBRE CORP
- FORMOSA HEAVY INDUSTRIES CORP
(7)
MAI-LIAO POWER CORP
This is a joint venture between the
following companies :
- FORMOSA PLASTICS CORP
- NAN YA PLASTICS CORP
- FORMOSA CHEMICALS & FIBRE CORP
- FORMOSA PETROCHEMICAL CORP
*(Subsidiaries, Joint-ventures &
Affiliates)
================================
Company Name :
FIRST INT'L COMPUTER INC
Address :
300 Yang Kuang St Neihu Dist Taipei City 114 Taiwan
Country :
Taiwan
Relationship : Affiliate
Legal Form : Public Company
Company Type : Manufacturer
Industry :
Computer & Information Products
Company Name : FORMOSA ASAHI SPANDEX CO LTD
Address :
1Fl, 42 Biaofu Rd Mailiao Hsiang 638 Yunlin Hsien Taiwan
Country :
Taiwan
Relationship : Joint-Venture
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry :
Textiles & Raw Material
Company Name : FORMOSA AUTOMOBILE CORP
Address :
11Fl Formosa Plastics Bldg 201 Tun Hua North Rd Sungshan Dist Taipei City 105
Taiwan
Country :
Taiwan
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry :
Motor Vehicles, Parts & Accessories
Company Name : FORMOSA DAIKIN ADVANCED CHEMICALS CO LTD
Address
: Rm 445 10Fl Formosa Plastics Bldg 201 Tun Hua North Rd Sungshan Dist Taipei
City
105 Taiwan
Country :
Taiwan
Relationship : Joint-Venture
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry :
Chemicals
Company Name : FORMOSA HEAVY INDUSTRIES CORP
Address :
4Fl Formosa Plastics Bldg 201-20 Tun Hua North Rd Sungshan Dist Taipei City 105
Taiwan
Country :
Taiwan
Relationship : Joint-Venture
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry :
Machinery
Company Name : FORMOSA PETROCHEMICAL CORP
Address
: Rm 99, 4Fl Formosa Plastics Bldg 201 Tun Hua North Rd Sungshan Dist Taipei
City
105 Taiwan
Country :
Taiwan
Relationship : Joint-Venture
Legal Form
: Public Listed Company
Company Type : Manufacturer
Industry :
Petrochemicals
Company Name : FORMOSA PLASMA DISPLAY CORP
Address :
Rm 369, 9Fl Formosa Plastics Bldg - Annex 201 Tun Hua North Rd Sungshan Dist
Taipei City 105 Taiwan
Country :
Taiwan
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry :
Electronic Products & Components
Company Name : FORMOSA PLASTICS (CAYMAN) CORP
Country :
Cayman Islands
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry :
Plastics & Products
Company Name : FORMOSA PLASTICS (NINGBO) CORP
Country :
China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry :
Plastics & Products
Company Name : FORMOSA PLASTICS CO AMERICA
Country :
USA
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry :
Chemicals
Company Name : FORMOSA TELETEK CORP
Address :
358 Huaya 2nd Rd Kueishan Hsiang 333 Taoyuan Hsien Taiwan
Country :
Taiwan
Relationship : Subsidiary
Legal Form :
Private Limited Company
Company Type : Manufacturer
Industry :
Electronic Products & Components
Company Name : HWA YA POWER CORP
Address
: 4Fl Formosa Plastics Bldg 201 Tun Hua North Rd Sungshan Dist Taipei City 105
Taiwan
Country
: Taiwan
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Service
Industry :
Electrical Equipment & Appliances
Company Name : MAI-LIAO POWER CORP
Address :
42 Beau Fu Rd Mailiao Hsiang 638 Yunlin Hsien Taiwan
Country :
Taiwan
Relationship : Joint-Venture
Legal Form : Public Company
Company Type : Importer
Industry :
Electrical Equipment & Appliances
Company Name : MAILIAO HARBOR ADMINISTRATION CORP
Address :
4Fl Formosa Plastics Bldg - Annex 201 Tun Hua North Rd Sungshan Dist Taipei
City 105 Taiwan
Country :
Taiwan
Relationship :
Joint-Venture
Legal Form : Private Limited Company
Company Type : Service
Industry :
Professional Services
Company Name : NAN YA PLASTICS CORP
Address
: 35-1 Chung Shan 3rd Rd Chienchen Dist Kaohsiung City 806 Taiwan
Country :
Taiwan
Relationship : Minor Investments
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry :
Plastics & Products
Company Name : YIJI CONSTRUCTION CO LTD
Address :
2Fl Formosa Plastics Bldg 201-24 Tun Hua North Rd Sungshan Dist Taipei City 105
Taiwan
Country :
Taiwan
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry :
Construction & Construction Materials
*Strategic Partners & Alliances*
==========================
(1)
Group Name : FORMOSA PLASTICS Group
Founder : Mr. Yung-ching Wang
Holding company : FORMOSA PLASTICS CORP
Country : Taiwan
Group Members :
Local Companies
------------------------
- FORMOSA PLASTICS CORP
- NAN YA PLASTICS CORP
- FORMOSA CHEMICAL & FIBER CORP
- FORMOSAPETROCHEMICAL CORP
- FORMOSA HEAVY INDUSTRIES CORP
- FORMOSA KOMATSU SILICON CORP
- FORMOSA TELETEK CORP
- FORMOSA PLASMS DISPLAY CORP
- HWA YA POWER CORP
- FORMOSA ASAHI SPANDEX CO LTD
- FORMOSA DAIKIN ADVANCED CHEMICALS CO TLD
- INOTERA MEMORIES INC
- MIZ PORT MANAGEMENT CORP
- PFG FIBER GLASS CORP
- NAN TA TECHNOLOGY CORP
- NAN YA PRINTED CIRCUIT BOARD CORP
- WENG FUN INDUSTRIAL CO
- TAH SHI SPINNING CORP
- FORMOSA TAFFETA CORP
- FORMOSA TRANSPORT CORP
- FORMOSA PLASTICS MARITIME CORP
- CHANG GUNG BIOTECHNOLOGY CORP
- FORMOSA TECHNOLOGY CORP
- MAI-LIAO POWER CORP
- MAILIAO HARBOR ADMINISTRATION CORP
Overeas Companies
--------------------------
- FORMOSA PLASTICS MARINE CORP
- FORMOSA PLASTICS CORP, USA
- NAN YA PLASTICS CORP, USA
- NAN YA PLASTCIS CORP, America
- INTEPLAST GROUP LTD - INTEPLAST
- INDONESIA NAN YA INDAH PLASTICS CORP PT
- J-M MANUFACTURER CO INC
Education & Medical Care
-------------------------------------
- CHANG GUNG MEMORIAL HOSPITAL
- CHANG GUNG UNIVERSITY
- CHANG GUNG INSTITUTE OF TECHNOLOGY
- MING CHI INSTITUTE OF TECHNOLOGY
PAYMENT
RATING : 1 OBTAINED SCORES :
92
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers of
SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for LARGE
amounts depending on individual judgement experience.
(1)
Balance Sheet
Currency : NTD
Denomination : in thousands
2000 2001 2002 2003
2004
------- ------- -------- ------- -------
Current Assets 23,348,502 27,307,042 28,909,279
42,283,063 58,008,000
Funds & long-term investments 54,003,219 63,729,615 73,318,580
72,802,115 87,102,091
Property
63,596,232 63,570,665 62,156,375 62,385,162
66,412,308
Intangible Assets 1,020,605 287,274 173,552
884,683 608,433
Other Assets 18,734,553 9,750,657 7,719,105
5,244,781 4,636,701
Total Assets 160,703,111 164,645,253 172,276,891
183,599,804 216,767,533
Current Liabilities - Before 19,133,030 18,965,743 15,087,236
23,023,159 29,505,265
After 23,041,128 21,937,846
20,528,916 31,839,801 48,029,712
Long-term Liabilities
49,921,444 52,082,805 56,325,735 47,935,316 46,752,547
Other Liabilities
4,824,057 3,566,140 3,946,346 4,706,537
5,179,759
Total Liabilities - Before
73,878,531 74,614,688 75,359,317 75,665,012 81,437,571
After 77,786,629 77,586,791 80,800,997
84,481,654 99,962,018
Common stock 38,527,897 42,380,687 45,347,335 48,068,685 50,952,807
Capital Reserve 18,850,320 17,685,102 14,868,677
13,283,246 12,423,998
Retained Earnings - Before 27,963,287 28,042,406 34,824,400
44,748,871 70,839,728
After 24,055,189 25,070,303
29,382,720 35,932,229 52,315,281
Total Shareholder's Equity - Before 86,824,580 90,030,565 96,917,574 107,934,792 135,329,962
After 82,916,482 87,058,523 91,475,894
99,118,150 116,805,515
Income Statement
Currency : NTD
Denomination : in thousands
2000 2001 2002
2003 2004
------- ------- -------- ------- -------
Operating revenue
51,773,413 59,813,814 65,710,772 84,468,581
121,938,523
Gross Profit 10,229,895 10,217,304 11,387,924
14,907,458 27,112,152
Operating Income 4,327,836 4,068,895 5,968,321
9,124,044 20,345,137
Non-operating income 9,252,031 5,898,465
8,630,615 10,868,873 22,024,168
Non-operating expense
3,005,439 4,416,352 2,884,399 3,313,615
3,948,679
Net Income 12,897,406
6,705,898 9,898,473 16,606,149 36,349,561
Earnings (losses) per share 3.35 1.58 2.18 3.45
7.13
(2)
BALANCE SHEET
Currency : NTD
Denomination : in thousands
2005 30 September,
2006
------- ---------------------------
Current Assets 55,012,462 92,092,197
Funds & long-term investments 100,391,825 103,331,151
Property
71,670,769
72,997,532
Intangible Assets
619,058
2,522,586
Other Assets 5,051,566 4,306,014
Total Assets 232,745,680 275,249,480
Current Liabilities - Before 22,766,311 34,850,502
After 45,694,635 --
Long-term Liabilities
53,833,108
55,980,382
Other Liabilities 5,688,967 6,684,854
Total Liabilities - Before
82,288,386
97,515,738
After 105,216,710 --
Common stock 55,538,559 57,204,716
Capital Reserve 12,213,349 11,840,671
Retained Earnings - Before 80,916,029 80,123,186
After 57,987,705 --
Total Shareholder's Equity - Before 150,457,294 177,733,742
After 127,528,970 --
INCOME STATEMENT
Currency : NTD
Denomination : in thousands
2005 30 September, 2006
-------
---------------------------
Operating revenue
135,718,385
110,578,497
Gross Profit
22,359,016
13,241,880
Operating Income 15,054,192 7,894,782
Non-operating income
24,289,087
18,010,779
Non-operating expense
1,585,302 1,040,788
Net Income
33,186,499
23,801,637
Earnings (losses) per share
5.98
4.16
*Financial Ratios*
===============
1998 1999 2000 2001
2002 2003 2004
------- ------- -------
------- ------ ------- -------
Ratio of liabilities to Assets % 39.84 45.70 45.97 45.32 43.74 41.21 37.57
Ratio of long-term capital to fixed Assets
% 190.17 223.72
215.02 223.55 246.54 249.85 274.17
Current ratio % 110.16 171.58 122.03 143.98 191.61 183.65 196.60
Quick ratio % 57.26 95.87 65.16
86.56 121.57 131.57 137.41
Interest coverage
2.37 3.20 3.73 2.30
5.42 8.09 24.73
Turnover of receivable (times) 19.66 20.30 20.27 17.31 15.73 16.58 18.19
Average collection period of
receivable 19.00 18.00 18.00
21.00 23.00 22.00 20.00
Turnover of inventories (times) 4.03 3.91 4.54
5.21 5.64 6.93 7.05
Turnover of expense (times) 3.59 4.68 7.90
13.94 14.53 13.03 12.09
Average days of sales 91.00 93.00 80.00 70.00 65.00 53.00 52.00
Turnover of fixed assets (times) 0.85
0.75 0.81 0.94 1.06
1.35 1.84
Turnover of total assets (times) 0.35 0.29 0.32
0.36 0.38 0.46 0.56
Return on total assets % 7.90 7.62 9.90 5.34 6.90 10.23 18.76
Return on shareholder's Equity % 11.67 11.52 15.76 7.58 10.59 16.21 29.88
Operating Income 15.38 14.78 11.23
9.60 13.16 18.98 39.93
Net Income before tax 14.99 17.67 27.45 13.10 25.83 34.70 75.40
Profit margin % 17.16 19.31 24.91
11.21 15.06 19.66 29.81
Retroactive 1.35 1.75 2.84 1.48 2.18
3.45 7.13
Cash flows ratio %
24.47 46.28 27.91 31.66
75.55 75.69 90.13
Cash flows adequacy % 64.13
49.55 43.04 38.88 54.02
82.33 109.13
Cash reinvestment ratio % 4.25 3.05 1.30 1.26 4.46 6.13 7.92
Degree of operating leverage 4.28 4.49 6.46 7.70 5.79 4.89 3.32
Degree of financial leverage 1.45 1.33 1.91
2.87 1.63 1.30 1.09
2004 2005
------- -------
Ratio of liabilities to Assets % 37.57 35.36
Ratio of long-term capital to fixed Assets
% 274.17 285.04
Current ratio % 196.60 242.00
Quick ratio % 137.41 173.10
Interest coverage
24.73 38.81
Turnover of receivable (times) 18.19 14.95
Average collection period of
receivable 20.00 24.00
Turnover of inventories (times) 7.05 7.31
Turnover of expense (times) 12.09 12.12
Average days of sales 52.00 50.00
Turnover of fixed assets (times) 1.84 1.97
Turnover of total assets (times) 0.56 0.60
Return on total assets % 18.76 15.10
Return on shareholder's Equity % 29.88 23.22
Operating Income 39.93 27.11
Net Income before tax 75.40 67.99
Profit margin % 29.81 24.45
Retroactive
7.13 5.98
Cash flows ratio % 90.13 144.48
Cash flows adequacy %
109.13 120.59
Cash reinvestment ratio %
7.92 5.73
Degree of operating leverage 3.32 1.64
Degree of financial leverage 1.09 1.07
FINANCIALS SUMMARY (Currency: U.S. $'s)
====================================
Year Sales
Assets Net Income
1998 $1,193,483,033.33 $3,373,727,633.33 $204,803,100.00
1999 $1,284,254,468.75 $4,422,347,937.50 $247,962,125.00
2000 $1,610,370,544.32 $4,998,541,555.21 $401,163,483.67
2001 $1,735,746,198.49 $4,777,865,728.38 $194,599,477.66
2002 $1,888,783,328.54 $4,951,908,335.73 $284,520,638.11
2003 $2,435,656,891.58 $5,294,111,995.39 $478,839,359.86
2004 $3,667,324,000.00 $6,519,324,300.75 $1,093,219,879.70
2005 $4,288,100,631.91 $7,353,733,965.24 $1,048,546,571.88
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports
Exports Total
2001 $272,512,805.80
$698,781,195.59 $971,294,001.39
2002 $329,117,562.52
$787,007,760.85 $1,116,125,323.37
2003 $437,716,262.98
$1,147,635,524.80 $1,585,351,787.78
2004 $499,849,624.06
$1,499,849,624.06 $1,999,699,248.12
2005 $657,503,949.45
$2,030,647,709.32 $2,688,151,658.77
Over the past 53 years, SC has made a stable growth with satisfactory
profit. It is considered a credit line up to USD 30,000,000 appears to be
within SC’s capacities.
ATTACHED: TRADE REFERENCES
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting
5162 Plastics Mat'ls/Basic Forms
Importing
3494 Valves and pipe fittings
Importing
3635 Vacuum cleaners, household type, electric,
and parts
Manufacturing 2273 Carpets and rugs
Manufacturing 2281 Yarn, spun, of cotton, man-made fibers, and
silk
Manufacturing 2800 Chemicals and Allied Products
Manufacturing 2812 Alkalies and chlorine
Manufacturing 2821 Plastics materials and resins
Manufacturing 2823 Manmade fibers, cellulosic
Manufacturing 2841 Soap and other detergents, except specialty
cleaners
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting
2849 Carbides
Exporting
2916 Unsat acyclic & cyclic
monocarbox acid & anhyd etc
Exporting
3901 Polymers of ethylene, in primary
forms
Exporting
3903 Polymers of styrene, in primary
forms
Exporting
3904 Polymers of vinyl chloride etc.,
in primary forms
Exporting
3923 Containers (boxes, bags etc),
closurers etc, plastics
Exporting
5501 Synthetic filament tow
Exporting
5503 Synthetic staple fibers, not
carded, combed etc.
Exporting
5506 Synthetic
staple fibers, carded, combed etc.
Importing
2501 Salt incl table & dentrd,
pure sodium chloride
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importing
Alcohols
Importing
Coal briquette
Importing
Vacuum pumps
Manufacturing 2-ethyl hexyl
acrylate
Manufacturing Acetone
Manufacturing Acrylate monomers
Manufacturing Acrylic products
Manufacturing Automation software
Manufacturing Bearing, housings
Manufacturing Butadiene
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Algeria
Exporting to Argentina
Exporting to Asia
Exporting to Australia
Exporting to Bahrain
Exporting to Bangladesh
Exporting to Belgium
Exporting to Brazil
Exporting to Cambodia
Exporting to Canada
Exporting to Chile
Exporting to China
Exporting to Colombia
Exporting to Costa Rica
Exporting to Cuba
Exporting to Dominican Republic
Exporting to Ecuador
Exporting to Egypt
Exporting to Europe
Exporting to Fiji
Exporting to France
Exporting to Germany
Exporting to Ghana
Exporting to India
Exporting to Indonesia
Exporting to Iran
Exporting to Israel
Exporting to Italy
Exporting to Japan
Exporting to Jordan
Exporting to Kuwait
Exporting to Macau
Exporting to Malaysia
Exporting to Mexico
Exporting to Myanmar
Exporting to Netherlands
Exporting to New Zealand
Exporting to Nigeria
Exporting to North America
Exporting to North Korea
Exporting to Oceania
Exporting to Pakistan
Exporting to Peru
Exporting to Philippines
Exporting to Portugal
Exporting to Russia
Exporting to Saudi Arabia
Exporting to Singapore
Exporting to South Africa
Exporting to South America
Exporting to South Korea
Exporting to Spain
Exporting to Sri Lanka
Exporting to Syria
Exporting to Thailand
Exporting to Tunisia
Exporting to Turkey
Exporting to UAE
Exporting to USA
Exporting to United Kingdom
Exporting to Venezuela
Exporting to Vietnam
Importing from Asia
Importing from Australia
Importing from Austria
Importing from Bahrain
Importing from Belgium
Importing from Brazil
Importing from Canada
Importing from Chile
Importing from China
Importing from Denmark
Importing from Europe
Importing from Finland
Importing from France
Importing from Germany
Importing from Hong Kong
Importing from India
Importing from Indonesia
Importing from Iran
Importing from Italy
Importing from Japan
Importing from Luxembourg
Importing from Malaysia
Importing from Mexico
Importing from Middle East
Importing from Netherlands
Importing from New Zealand
Importing from North America
Importing from Norway
Importing from Oceania
Importing from Philippines
Importing from Poland
Importing from Qatar
Importing from Russia
Importing from Saudi Arabia
Importing from Singapore
Importing from South Africa
Importing from South America
Importing from South Korea
Importing from Spain
Importing from Sweden
Importing from Switzerland
Importing from Thailand
Importing from USA
Importing from United Kingdom
Importing from Vietnam
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)