MIRA
INFORM REPORT
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Report Date : |
25.08.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
August 22, 1958 |
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Com. Reg. No.: |
75370905 |
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Legal Form : |
Public Listed Company |
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Line of Business : |
Import of raw materials Production of plastics and other related products. Selling to both domestic and international markets. |
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 : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
35-1 CHUNG SHAN
TEL : 886-7-3331101
FAX : 886-7-3308862
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 22, 1958
REGISTRATION NO. :
75370905
LEGAL FORM :
PUBLIC LISTED COMPANY
CHIEF EXECUTIVE :
MR. CHIN-JEN WU (CHAIRMAN)
STAFF STRENGTH :
13,703
CAPITAL :
US$ 2,303,021,148
BUSINESS LINE :
MANUFACTURER
TURNOVER :
TWD 181,652,407,000 (AS OF DEC. 31, 2006)
EQUITIES :
TWD 209,650,940,000 (AS OF DEC. 31, 2006)
PAYMENT :
EXCELLENT
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STRONG
OPERATIONAL TREND :
UPWARD
GENERAL REPUTATION :
well-known
EXCHANGE RATE :
TWD 32.9736 = US$1 AS OF 2007-8-24
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –
Note : Despite having exhausted all our effort, we were unable to find
any reference of the supplied address on any local. The above address as
reflected on our report was confirmed to be its current registered/operating
address.
*Company History*
===============
5 November, 1957 - Became
listed on Taiwan Stock Exchange.
1969 -
1972 -
Became listed on Taiwan Stock Exchange.
1979 -
1981 - Established Engineering Division
1983 -
1992 -
Jointly established FORMOSA PETROCHEMICAL CORP by FORMOSA PLASTIC
CORP, NAN YA PLASTIC CORP and
FORMOSA CHEMICALS & FIBER CORP to plan,
design, construct and operate a
sizeable portion of the huge expansion project of No. 6
Naphtha Cracking Project.
1993 -
PLASTICS CO" for expanding and enhancing the function of research
November l993 - Decided to produce 64 megabyte DRAM (dynamic
random access memory). It was stated
that talks had been held with the
world's top 10 semiconductor manufacturers on the
acquisition of the necessary
technology.
May 1994 - Signed
16M DRAM technology transfer agreement with OKI.
1996 - Planned to invest USD34 million in setting up
plastic-tape factory in
February 1999 - New
Ethylene Glycol (EG) Plant was completed.
2002 -
Completed the expansion projects for bathroom doors and PVC granule in
Huizhou.
May 2004 -
Reported that it will allocate USD305 million to USD460 million to build new
plants in
21 May, 2004 - Reported
that it will invest USD200 million into
*Company Registration*
===================
License number : 75370905
Date issued : 22 August, 1958
Issuing authority : Ministry of
Economic Affairs (MOEA)
Previous Registration Details
---------------------------------------
(1)
License number : 84897162
Date issued : 3 October
1994
Issuing authority : Ministry of
Economic Affairs (MOEA)
Type of license : Mailiao Branch license
(2)
License number : 84709751
Date issued : 17 March
1994
Issuing authority : Ministry of
Economic Affairs (MOEA)
Type of license : Hsinkang Branch license
(3)
License number : 20754420
Date issued : 27 June
1966
Issuing authority : Ministry of
Economic Affairs (MOEA)
Type of license : Hsinkang Branch license
*Registrar*
=========
*Licenses & Permits*
================
(1)
License number : 9960121600
Date issued : 1 November
1969
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(2)
License number : 9960104200
Date issued : 2 May 1973
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(3)
License number : 9960102700
Date issued : 15 May 1978
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(4)
License number : 9962192501
Date issued : 15 January
1986
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(5)
License number : 9966214600
Date issued : 19 April
1995
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(6)
License number : 9960103701
Date issued : 9 November
1987
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(7)
License number : 9962182300
Date issued : 1 December
1989
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(8)
License number : 9965471700
Date issued : 18 September
1989
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(9)
License number : 9965314700
Date issued : 12 February
1999
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(10)
License number : 9965439801
Date issued : 25 March
2003
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(11)
License number : 6400000222
Date issued : 1 January
1969
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
(12)
License number : 9960103701
Date issued : 9 November
1987
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
(13)
License number : 9960104001
Date issued : 28 January
1972
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
(14)
License number : 9965471800
Date issued : 20 June
1980
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
(15)
License number : 9966140900
Date issued : 31
December 1990
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
*Capital Details*
=============
Initial authorized capital : NTD 4,000,000.00
Authorized capital increases as follows :
Date Amount (TWD)
-------
----------------------
March 2000 48,054,312,650.00
August 2000 52,323,646,720.00, fully paid
August 2001 58,079,247,860.00
September 2002 62,144,795,210.00, fully paid
August 2003 65,873,482,920.00, fully paid
July 2004 69,825,891,900.00, fully paid
July 2005 74,015,445,410.00, fully paid
August 2006 76,235,908,770.00, fully paid
Initial paid-up capital : N/A
Paid-up capital increases as follows :
Date
Amount (TWD)
-------
----------------------
March 2000
47,566,951,560.00
August 2001
58,076,247,860.00
(1)
Market Capitalization : TWD142,645.97 million
Year :
1995
(2)
Market Capitalization : US$
6,932.9 million
Year :
2000
*Office & Facilities*
================
Size : 39,471
sq. meters (Approx)
Facilities : Modern
Location :
Type of building : Commercial
and industrial building
Property status : Owned by
Comments : Serves as
office, factory and warehouse.
Previous Contact Details
---------------------------------
Address : Rm 602,
Tel no. : 2-27178233
Fax no. : 2-27178537
E-mail address : lcdsales@npc.com.tw,
29010@npc.com.tw
*Corporate & Organization Structure*
=============================
A large specialized company operated and managed by an experienced team
of professionals.
Organizational Chart
----------------------------
|----- Plastic 1st Division
|
|----- Plastic 2nd Division
|
|----- Plastic 3rd Division
|
|-----
Plastic 4th Division
Chairman
|
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|----- Door & Windows Division
|
|
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|----- Electronic Materials Division
| |
President---------------------------------------------------|-----
Polyester Fiber Division
| |
|
|----- Dyeing & Finishing Division
President's |
Office
|----- Plasticizer Division
|
|----- Switchgear Division
|
|----- Engineering Division
|
|----- Environmental
|
|-----
R & D Center
---------------------------------------------
|----- Department of Administration
|
|----- Department
of Instrument Analysis
|
|----- Department of Polymer
PLASTICS CORP |
|----- Department of Composites
|
|----- Department of Opto-Electronics
|
|----- Department of Inspection & Testing
*Factories, Size & Locations*
=======================
Maintains 38 factories around the island to produce its various products
which includes the following :
- PA plant
- 2-EH plant
- BPA plant
- AA plant
- SM plant
- ABS plant
- MA plant
- UP plant
Area :
building area : 242,769 pings
Type of manufacturing : Up-stream
Production Capacity :
TWD4,448,346,000 per month
More
than 32 products
*Assets*
========
Type of asset :
Machinery/Equipment
Value : TWD
17,000,000,000.00
*Long & Short Term Investments*
===========================
Type of investment : Sixth Naptha Project
Investment amount : TWD 27,760,000,000
*Industry Ranking*
================
Ranked as Top 1000 largest companies in
Detail as follows :
Year Rank
------- --------
1999 265
2000 281
2002 250
2003 299
- World's largest manufacturer of processed PVC products, and third
world's largest polyester fiber producer
- 1997's
- The firm has been ranked among
Year Rank
------- ----
1992 1
- Considered as one of the biggest
plastic and fiber manufacturer in
Considered as one of the Top 2000 Companies.
Ranking as follows :
Year Rank
------- ---------
2000 4
1999 8
1998 7
- Generally regarded as one of the Top 1000 Companies in manufacturing
industry of
*Sales Ranking*
=============
Details of rank are as follows :
Year Rank
------ -------
1998 5
1997 4
1996 3
2001 20
*Reputation*
===========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Auditors*
=========
KPMG
*Accountants*
============
KPMG
Web
site: www.npc.com.tw The design is professional and the content
is well organized. At present it is in Chinese version.
Email : nanya@npc.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Shareholders' Name No. of Shares
---------------------------
-----------------
FORMOSA PLASTICS CORP 752,833,671
FORMOSA CHEMICALS & FIBRE CORP 397,324,920
FORMOSA PETROCHEMICAL CORP
172,280,867
MERLE CO LTD
1,215,173
FU LIN DEVELOPMENT CO LTD 1,680,120
Mr. Chen-ling Lin
1,017,088
Mr. Wen-yuan Wang
604,467
Ms. Chen-ching Fu
260,895
Mr. Ming-jen Chou
181,432
Mr. Chin-jen Wu 64,802
Mr. Chia-chao Wu
75,969
Mr. Pen-yuan Chang
41,534
Mr. Chao-lin Yang
24,477
Mr. Hsin-yi Lin
--
Mr. Cheng-hsiung Chiu
--
Mr. Yung-san Lee --
Ms. Kuei-yun Wang
--
*COMPANY MANAGEMENT*
==========================
Name Nationality
Job Description Dept. / Division
Mr. Ming-chung Yeh Taiwanese
Manager Account
Mr. Mao-lin Tsai Taiwanese
Manager Finance
Mr. Chiu-hwa Wu Taiwanese
Accountant -
Mr. Tzu-hui Lee Taiwanese
Accountant -
Mr. Tai-hsiung Lin Taiwanese
Assist. General Manager -
Mr. Cheng-hsiung Tseng Taiwanese
Assist. Manager -
Mr. Feng-chin Lin Taiwanese
Assist. Manager -
Mr. Jih-chun Chien Taiwanese
Assist. Manager -
Mr. Ming-jen Chou Taiwanese
Assist. Manager -
Mr. Chin-jen Wu Taiwanese
General Manager -
Mr. Hsin-fa Chang Taiwanese
Manager -
Mr. Mao-yang Lin Taiwanese
Manager -
Mr. Sung-yueh Hsieh Taiwanese
Manager -
Mr. Wen-yi Tseng Taiwanese
Manager -
Ms. Kuei-yun Wang Taiwanese
Manager -
Ms. Yuan-shan Liu Taiwanese
Manager -
Mr. Chen-ling Lin Taiwanese
Vice General Manager -
Mr. Chia-chao Wu Taiwanese
Vice General Manager -
*Key Personnel*
=============
(1)Chin-jen Wu
Education : BA
Work experience : Chairman of the Board, INOTERA MEMORIES LTD
Responsibilities : Handles the
daily operation of the firm including all financial and legal matters.
Other position : General
Manager, NAN YA TECHNOLOGY CORP
(2)Mr. Mao-lin Tsai
Responsibility : Financial
Department
*Main Products & Services*
======================
Specializing in two main areas of work:
1. Import of raw materials
2. Production of plastics and other related products incorporating some
of the raw materials imported.
3. Selling to both domestic and
international markets of products produced by the firm.
Products also include the following :
- Bisphenol A epoxy resins
- Brominated epoxy resins
- Composite epoxy material copper clad laminate
- DHP
- DINA
- Di-n-octyltin mercaptide
- DPDP
- EAc recovered
- Engineering plastic raw materials
- Gas insulated ultra-high precision control devices
- 2-ethylhexyl alcohol
- Novalac epoxy resins
- Reinforced nylon 46 resin
- Plasticizer 711P
- Plasticizer 810P
- Plasticizer 911P
- Polyester/nylon 6 microfiber
- Triisononyl trimellitate
Sales breakdown as per products :
----------------------------------------------
Product
Percentage
----------
------------------
Plastic products
36
Fiber products
30
Electronic products
20
Others 14
Products : 4-hyrodxyphenyl
ABS fittings
AC motors
Abs pipes
Acetic acid
salts
*Brand*
=======
Brand
*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)
*Competitors*
===========
The following locally based firms supply similar range of services :
- CHUN YU PLASTIC ENTERPRISE CO LTD
- KAISERS INT'L CORP
- SINCERE WORLD CO LTD
- VEDDER INDUSTRIAL CO LTD
- PAO YAN TSAE YIH CO LTD
- FAR EASTERN TEXTILE LTD
- SHINKONG SYNTHETIC FIBERS CORP
- USI CORP
- FORMOSA PLASTICS CORP
- CHINA GENERAL PLASTICS CORP
- TAIWAN STYRENE MONOMER CORP
- JVAN AN INT'L CO
- LEE CHANG YUNG CHEMICAL INDUSTRY CORP
- DAIGIN CHEMICAL CO LTD
- GLOBE INDUSTRIES CORP
- ACHEM TECHNOLOGY CORP
- UNION MATERIAL TECHNOLOGY CORP
- TAIWAN HOPAX CHEMICALS MFG CO LTD
*Associations*
============
Member of the following associations :
-
-
-
-
*Detailed Product Specifications*
==========================
- Plastic products (60% of
products) : plastic leather goods, flexible PVC sheeting, rigid PVC film, rigid
PVC pipes, Injected products, plasticizer, and extruded products, etc.
- Fiber products (28%) :
polyester fibre, dyed and finished clothe processing, etc.
- Electronic products (4%) :
printed wiring board and copper clad laminates and machinery processing.
- Others (8%)
*Production Capacity*
==================
Item
Maximum capacity
Current Capacity
------
-------------------------- -----------------------
Flexible PVS Sheeting 126,600
tons
101,296 tons
Flexible PVC leather 32,220
yards 18,958 yards
PVC rigid film and sheet 212,400 tons 129,960 tons
PVC pipes
168,000 tons 114,257 tons
Wrap film products 131,400
tons
98,218 tons
PU synthetic leather 14,400
yards
10,413 yards
Bisphenol A
290,000
tons
347,467 tons
Butylene glycol
40,000 tons 38,954 tons
TDI
30,000 tons 29,740 tons
Plastic doors and windows 27,208 tons 17,839 tons
Copper clad Laminute 31,200
pieces 33,211 pieces
Epoxy resin
220,000 tons 203,654 tons
Glass fiber cloth
284,400 yards
271,408 yards
Copper Foil
28,800 tons 29,097 tons
Polyester fiber
747,768 tons 549,275 tons
Polyester film
63,800 tons 48,014 tons
Ethylene glycol
740,000 tons 761,911 tons
DOP 350,000
tons
332,885 tons
Phthalic Anhydride 228,000
tons
189,168 tons
*Quality Certification*
=================
Obtained the following certifications :
(1)
Type of certification : ISO 9002
Year of certification : 1995
Granted the ISO 9002 certificate to the following division :
- Shing Kang Rigid PVC Film Plant 1 2nd Division
- FRP Plant 4th Division
- Glass Fabric Plant 4th Division
- Linko 2nd Plant 4th Division
- Shulin 1st Plant 4th Division
- Shulin 2nd Plant 4th Division
- Shulin 3rdPlant 4th Division
- Shulin 4th Plant 4th Division
- Chyan-Jenn Plant
- Copper Foil Plant
- Engineering Division Chiayi Yi Engineering Department
- Engineering Division Machinery 1st Plant
- Linko Plant Engineering
Division
- Plastics Plant Engineering
Division
- FDF Division Plant No 1
- FDF Division Plant No 2
- FDF Division Plant No 3
- Jenwu (2nd/rd/4th) Plant
-
- Mingchi Plant
- PFG Plant
- Linyuan 1st Plant Plasticizer Division
- Chiayi 3rd Plant Plastics 1st Division
- Linko 1st Plant Plastics 1st Division
- Polyester Film Plant Polyester Fiber Division
- Stable Fiber 1st Plant Polyester Fiber Division
- Polyester Fibber Division Polyester Texture Plant
- Spinning & Texturing Plant 1
- Spinning & Texturing Plant 2
- Spinning & Texturing Plant 3
- Fibber Division Staple Fibre Plant 2
- Polyester Filament Yarn Plant
- Spinning Plant 4 Polyester Fiber Division
(2)
Type of certification : ISO 9002
(Chiayi Plant Engineering Division)
Year of certification : 1995
Certification item :
Machinery
(3)
Type of certification : ISO 9002
(Hsinkang Plant Plastics 4th Division)
Year of certification : 1995
Certification item :
Information, Chemical, Rubber and Plastic Products, Hardware Products and
Building
Materials
(4)
Type of certification : ISO 9002
(Jenwu Plant Engineering Division)
Year of certification : 1995
Certification item :
Hardware Products and Building Materials
(5)
Type of certification : ISO 9002
(Jenwu Plant Plastics 1st Division)
Year of certification : 1995
Certification item :
Rubber and Plastic Products, Leather Products
(6)
Type of certification : ISO 9002
(Kung San Plant Polyester Fiber Division/Linko Plant Plastics 4th Division)
Year of certification : 1995
Certification item :
Rubber and Plastic Products
(7)
Type of certification : ISO 9002
(Shulin Plant 4th Division)
Year of certification : 1995
Certification item :
Hardware products & Building Materials, Textile & Garments, Chemical
& Leather
Products & Electric Engineering Equipment
(8)
Type of certification : ISO 9001
(Chiayi Plant Engineering Division)
Year of certification : 1995
Certification item :
Machinery
(9)
Type of certification : ISO 9001
(Jenwu Plant Engineering Division)
Year of certification : 1995
Certification item : Machinery, Medical Equipment, Optical
Instruments and Measuring Instruments
(10)
Type of certification : ISO 9001
(Hsinkang Plant Engineering Division)
Year of certification : 1995
Certification item :
Electric-Engineering Equipment
Granted the ISO 9001 certificate to the following division :
- Jenwu Machinery 2nd Engineering Division
- Switch Gear Plant Engineering
Division
- Roll & Mould Plant
(11)
Type of certification : ISO 9002
(Hsinkang Plant Plastics 2nd Division/Chiayi Plant Plastics 1st Division,
Jenwu Plant Plastics 2nd
Division
Year of certification : 1994
Certification item : Rubber
and Plastic Products
(12)
Type of certification : ISO 9002
(Hsinkang Plant Window and door Frame Division)
Year of certification : 1994
Certification item : Hardware
Products and Building Materials
(13)
Type of certification : ISO 9002
(Jinghsing Plant PCB Division)
Year of certification : 1994
Certification item :
Information Products
(14)
Type of certification : ISO 9002
(Jenwu Plant Plastics 3rd Division)
Year of certification : 1993
Certification item :
Chemical Products
(15)
Type of certification : N/A
Issuing authority :
UNDERWRITERS LABORATORIES INC (UL)
Date of certification : April
2001
Certification item : Resin
coated copper foil
(16)
Type of certification : ISO
14001
Details :
Certification for all factories
*Projects*
========
Commencement date : October 1998
Type of project : Naptha
Cracker Project
Project partner :
FORMOSA PLASTIC Group
*Local Distribution Network*
=======================
An estimated 25% of the annual turnover is attributed to local sales
through downstream manufacturers.
*Domestic Raw Materials Suppliers*
============================
Major local suppliers include :
(1)
Supplier's name : FORMOSA
PLASTICS CORP
Monthly purchase : TWD 40,000
Material/components
Quantity supplied
-----------------------------
-------------------------
Plastic Powder
384,315
Chemical raw materials
49,388
Filler 49,665
Epichlorohydrin
47,537
Plastic Modifier
22,393
(2)
Supplier's name : LIDYE
CHEMICAL CO LTD
Material/components : PU leather
Quantity supplied :
Approximately equal 2 to 4 tons
Monthly purchase : NTD200,000
(3)
Supplier's name : YE I
MACHINERY FACTORY CO LTD
Material/components : Plastic machinery
(4)
Supplier's name : LOGAN
CORP
Material/components : Paper Products
(5)
Supplier's name : LEE YEUN
INDUSTRIAL CO LTD
Material/components : U-Flexo Single-color press machine
Other suppliers include :
- CHINA AMERICAN PETROCHEMICAL CO LTD
- YIH MING LEASING & ENTERPRISES CORP
- ET INTERNET TECHNOLOGY CORP
- HON EASE INDUSTRIES CO LTD
- FORMOSA PETROCHEMICAL CORP
- YUNG CHIA CHEMICAL INDUSTRIES CORP
- PFG FIBER GLASS CORP
- NAN CHUNG PETROCHEMICAL CORP
- GODFREY ENTERPRISE CORP
- HARVEST SCIENTIFIC CORP
- CHANG TAI WEAVE CO LTD
- MINDMAN INDUSTRIAL CO LTD
- WELSUM TECHNOLOGY CORP
*Domestic Suppliers*
=================
CHANG TAI WEAVE CO LTD
CHIENG SHYONG MACHINERY CO LTD
CHINA AMERICAN PETROCHEMICAL CO LTD (CAPCO LTD)
FORMOSA CHEMICALS & FIBRE CORP
FORMOSA PETROCHEMICAL CORP
FORMOSA PLASTICS CORP
GODFREY ENTERPRISE CORP
HARVEST SCIENTIFIC CORP
HON EASE INDUSTRIES CO LTD
LEE YEUN INDUSTRIAL CO LTD
LIDYE CHEMICAL CO LTD
LOGAN CORP
MINDMAN INDUSTRIAL CO LTD
NAN CHUNG PETROCHEMICAL CORP
PFG FIBER GLASS CORP
WELSUM TECHNOLOGY CORP
YE I MACHINERY FACTORY CO LTD
YIH MING LEASING & ENTERPRISES CORP
YUNG CHIA CHEMICAL INDUSTRIES CORP : PLS SEE
*Domestic Customers*
==================
Major local customers include :
(1)
Customer's/Client's name : CHUN MEI PETROLEUM CO LTD
Product/Buying :
Plastic products worth NTD 118,922
(2)
Customer's/Client's name : FORMOSA PLASTIC CO LTD
Product/Buying : Plastic products worth NTD
9,477,750,000
(3)
Customer's/Client's name : LEI YUEH ENTERPRISE CO LTD
Product/Buying :
PVC plastics
(4)
Customer's/Client's name : ORIENT FIRST INDUSTRY CO LTD
Product/Buying : Copper
clad laminates
Annual sales :
NTD 40,000,000
(5)
Customer's/Client's name : KINGMORES ENTERPRISE CO LTD
Product/Buying : Dyeing
fabrics
Annual Sales :
NTD4 million
(6)
Customer's/Client's name : RAINPORT PLASTIC CO LTD
Product/Buying :
PVC Cloth
(7)
Customer's/Client's name : KUOHOMLI INDUSTRIAL LTD
Product/Buying :
Plastic & PVC resin
(8)
Customer's/Client's name : YA HSIN INDUSTRIAL CO LTD
Product/Buying :
PC board laminates
(9)
Customer's/Client's name : ETERNAL CHEMICAL CO LTD
Product/Buying :
Purified anhydride, epoxy
(10)
Customer's/Client's name : FORMOSA CHEMICALS & FIBRE CORP
Product/Buying :
Plastic products worth NTD 16,679,466,000
(11)
Customer's/Client's name : FORMOSA PETROCHEMICAL CORP
Product/Buying :
PVC plastics worth NTD 7,815,210,000
Other customers include :
- PARAGOLD INDUSTRIES CO LTD
- CHIMOCO INDUSTRIAL CO LTD
- JVAN AN INT'L CO LTD
- CHENG SHIANG INDUSTRIES CO LTD
- FORMOSA AUTOMOBILE CORP
- GLOBE INDUSTRIES CORP
- POU CHEN CORP
- YU SING CO LTD
- HUALON CORP
- WGJ CO LTD
- SPACE SHUTTLE HI-TECH CO LTD
- UNITED RAW MATERIAL SOLUTIONS INC
- NEXTRONICS ENGINEERING CORP
*Exhibition Participation*
====================
Participated in the following local exhibitions :
(1)
Exhibition fair : TAIPEI INT'L
ELECTRONICS SPRING SHOW
Date attended : 25-29 March, 1999
Location :
(2)
Exhibition fair :
Date attended : 25-28 October,
1999
Location :
(3)
Exhibition fair :
Date attended : 30 September - 4 October, 1999
Location :
(4)
Exhibition fair :
Date attended : 18 - 22 April,
2003
Location :
*Export Markets*
==============
An estimated 75% of the annual turnover is attributed to overseas
market.
Country % of Exports
-----------
----------------
Others 20
Export Market Percentage :
Product : POLYESTER FIBERS
Region % of
Exports
-----------
-----------------
Others
20.00
*International Trade Ranking*
========================
The firm has been ranked among
Details of rank are as follows :
Year Rank
----- --------
1997 5
*Overseas Customers*
==================
Major overseas customers include:
(1)
Customer's name : PHILMAN
COMMERCIAL INC
Country :
(2)
Customer's name : ATLAS TIGER
INT'L (HK) LTD
Country :
*Domestic Agents & Distributors*
===========================
- LIANG-WOEI FIBER CO LTD
- J CYPRESS CO LTD
*Overseas Agents And Distributors*
===========================
Agent : CHEMIPLAS (NZ) LTD
Country of Origin :
Product Description : Pvc sheets
Brand :
Year : 1991
Agent : TCL MARKETING LTD
Country of Origin :
Product Description : PVC film
Brand :
Year : 2001
Agent : HARIS AL AFAQ LLC.
Global Identifier : P0255006
Country of Origin :
Product Description : Polyester resins
Brand :
Year : 2000
Agent : FU YUAN ENTERPRISE PTE LTD
Country of Origin :
Product Description : Plastics
Brand :
Year : 2000
*LOCAL BRANCHES & MANAGEMENT*
===================================
Branch : NAN YA PLASTICS CORP -
Branch Address : 101 Shuei Kuan Rd Jenwu Hsiang,
Branch Tel : [+886] 7-3711411
Branch Fax : [+886] 7-3712149
Branch :
Branch Address :
Branch Tel : [+886] 2-26806311
Branch Fax : [+886] 2-26684725
Branch :
Branch Address :
Branch Tel : [+886] 7-6414416
Branch : NAN YA PLASTICS CORP -
Branch Address :
Branch Tel : [+886] 5-2373711
Branch Fax : [+886] 5-2377846
Branch : NAN YA PLASTICS CORP -
Branch Address :
Branch Tel : [+886] 2-29019141
Branch Fax : [+886] 2-29071647
Branch Email : 2d020@npc.com.tw
Branch Management
Name Job Description Nationality
Mr. Yun-chin Wang Manager Taiwanese
Branch :
Branch Address : 2
Branch Tel : [+886] 5-3772111
Branch Fax : [+886] 5-3772050
Branch :
Branch Address :
Branch Tel : [+886] 5-6913385
Branch Fax : [+886] 5-6818237
Branch :
Branch Address :
Branch Tel : [+886] 3-3221279
Branch :
Branch Address : 6 Wen Ming Rd Kueishan Hsiang, Taoyuan Hsien 333
Branch Tel : [+886] 3-3718331
Branch : NAN YA PLASTICS CORP -
Branch Address :
Branch Tel : [+886] 2-26806311
Branch Fax : [+886] 2-26684725
Branch :
Branch Address : 20 Hou Tso Hsinkang Hsiang, Chiayi Hsien 616
Branch Tel : [+886] 5-3772111
Branch Fax : [+886] 5-3772050
Branch : NAN YA PLASTICS CORP -
Branch Address : 13Fl
Branch Tel : [+886] 2-27178305
Branch Fax : [+886] 2-27136421
*(Subsidiaries , Joint-ventures & Affiliates)
==================================
Company Name : AMPERE INDUSTRIAL LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Plastics & Products
Company Name : BLUE PHOTONICS INC
Address :
Country :
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : CHINA NANTONG HUAFENG CO LTD
Address : 12 Haobei Lu Chongchuan Dist
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Leather Goods, Tanned & Imitation
Company Name : FANS HANG ENTERPRISE CO LTD
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Plastics & Products
Company Name : FIRST INT'L COMPUTER INC
Address : 1-9Fl,
Country :
Relationship : Affiliate
Legal Form : Public Company
Company Type : Manufacturer
Industry : Computer & Information Products
Company Name : FORMOSA AUTOMOBILE CORP
Address : 11Fl
Country :
Relationship : Joint-Venture
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Motor Vehicles, Parts & Accessories
Company Name : FORMOSA CHEMICALS & FIBRE CORP
Address : 2Fl
Country :
Relationship : Affiliate
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Chemicals
Company Name : FORMOSA HEAVY INDUSTRIES CORP
Address : 4Fl
Country :
Relationship : Joint-Venture
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Machinery
Company Name : FORMOSA INVESTMENTS CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : FORMOSA PETROCHEMICAL CORP
Address : Rm 99, 4Fl
Country :
Relationship : Affiliate
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Petrochemicals
Company Name : FORMOSA PLASTICS CORP
Address : Rm 201
Country :
Relationship : Affiliate
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Plastics & Products
Company Name : HEWLETT-PACKARD INT'L PTE LTD -
Address : 9Fl,
Country :
Relationship : Joint-Venture
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Computer & Information Products
Company Name : HUA YA (
Address : Xinyang Industrial Zone
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Plastics & Products
Company Name : INDONESIA NANYA INDAH PLASTIC CORP PT
Address : Jalan Hanomon Dalam No 1 Krapyak Semarang Central Java
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Plastics & Products
Company Name : MAI-LIAO POWER CORP
Address :
Country :
Relationship : Minor Investments
Legal Form : Public Company
Company Type : Importer
Industry : Electrical Equipment & Appliances
Company Name : MAILIAO HARBOR ADMINISTRATION CORP
Address : 4Fl
Country :
Relationship : Minor Investments
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : NAN CHUNG PETROCHEMICAL CORP
Address :
Country :
Relationship : Subsidiary
Legal Form : Public Company
Company Type : Trader
Industry : Petrochemicals
Company Name :
Address : Kunshan Economic & Technological Development Zone
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Energy, Power & Utilities
Company Name : NAN YA ELECTRIC (
Address : Chongchuan Economic Development Zone 101 Outer
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Electronic Products & Components
Company Name :
Address : Kunshan Development Zone
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Electronic Products & Components
Company Name :
Address : Kunshan Economic & Technological Development Zone
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Plastics & Products
Company Name :
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Packaging
Company Name :
Address : 2Fl
Country :
Relationship : Joint-Venture
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : NAN YA PLASTICS (
Address : 7Fl Citicorp Centre
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Plastics & Products
Company Name :
Address :
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Plastics & Products
Company Name : NAN YA PLASTICS (
Address : 101 Outer Ring East Rd, Chongchuan Economic Development Zone
(East Zone)
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Plastics & Products
Company Name : NAN YA PLASTICS CONSTRUCTION MATERIALS (
Address :
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Plastics & Products
Company Name : NAN YA PLASTICS CONSTRUCTION MATERIALS (
Address : Chongchuan Economic Development Zone 101 Outer
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Plastics & Products
Company Name :
Address :
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Plastics & Products
Company Name :
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Plastics & Products
Company Name : NAN YA PLASTICS CORP
Address :
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Plastics & Products
Company Name :
Address : 3Fl,
Country :
Relationship : Subsidiary
Legal Form : State-owned
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name :
Address :
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Plastics & Products
Company Name :
Address : Hwaya Technology Park
Country :
Relationship : Subsidiary
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : NANTONG HUAFU PLASTICS CO LTD
Address : 12 Haobei Rroad
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Plastics & Products
Company Name : PFG FIBER GLASS CORP
Address : Rm 216, 5Fl
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Glass Products
Company Name :
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Plastics & Products
Company Name : WEN FUNG INDUSTRIAL CO LTD
Address :
Country :
Relationship : Joint-Venture
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Plastics & Products
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Joint-ventures
--------------------
(1)
HEWLETT-PACKARD INT'L PTE LTD -
This is a joint-venture between the following companies :
- HEWLETT PACKARD TAIWAN LTD
-
(2)
FORMOSA HEAVY INDUSTRIES CORP
This is a joint-venture between the following companies :
- FORMOSA PETROCHEMICAL CORP
-
- FORMOSA PLASTICS CORP
(3)
WEN FUNG INDUSTRIAL CO LTD
This is a joint-venture between the following companies :
-
- Others
(4)
FORMOSA AUTOMOBILE CORP
This is a joint venture between the following companies :
-
- FORMOSA PLASTICS GROUP
(5)
This is a joint venture between the following companies :
- BLUE PHOTONICS INC
-
Maintains the following :
- PVC sheeting and rigid PVC film plants in
- Polyester fiber plant in
*Branches*
=========
(1)
Size : 108,000
sq. feet per floor
Facilities : Modern
Location :
Type of building : 13-storey
Commercial building
Property status : Owned by
FORMOSA Group
Other Contact Details
-----------------------------
Tel no. : 2-27122211
Fax no. : 2-27178533
(2)
-----------------
Ground area : 1,157 sq.
meters
Type of building : 2-storey
building
Other fax no : 2-29021243
Other Contact Details
-----------------------------
Location :
Tel no : 2-26814311
Fax no : 2-26806712
Breakdown of employees :
No of employees Division
-----------------------
-------------
46 Research & Development
39 Inspection & Testing
*Strategic Partners & Alliances*
=========================
Group name : FORMOSA
PLASTICS GROUP
Group members : NAN YA PLASTICS
CORP
FORMOSA CHEMICALS & FIBRE CORP
CYMA PLYWOOD & LUMBER CO LTD
FORMOSA PLASTICS MARINE CORP
SUNRISE PLYWOOD CORP
SUNNYWOOD PRODUCT (
CABIUM BUSINESS GROUP (
TAI SHIH TEXTILE INDUSTRIAL CORP
FORMOSA PLASTICIZER CORP
YUNG CHIA CHEMICAL INDUSTRIAL CORP
FORMOSA TAFFETA CO LTD
TAIRAY GARMENTS MFG CO
WENG FUNG INDUSTRIAL CO LTD
FEDERAL TEXTILE INDUSTRIAL CORP
TAH SHIN SPINNING CORP
FORMOSA SCOVILL CORP
FORMOSA PLASTICS TRANSPORT CO LTD
FAIRWAY CORP
MING
CHI INSTITURE OF TECHNOLOGY
NAN YA PLASTICS (
JM
MFG CO -
NAN YA INDAH PLASTICS CORP -
PAYMENT RATING : 1 OBTAINED SCORES : 93
|
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.
*Bank Details*
============
Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,
Branch Address :
SWIFT Code : CCBCTWTP
Bank Name : CHINA DEVELOPMENT INDUSTRIAL BANK INC
Branch : Sungshan Dist,
Branch Address : 13Fl
SWIFT Code : CDIBTWTP
Bank Name : FIRST COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address : 10Fl,
SWIFT Code : FCBKTWTP
Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Chungcheng Dist,
Branch Address : Ming Sheng
Account No. : 372-7
SWIFT Code : HNBKTWTP
Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : ICBCTWTP
Bank Name : BANK OF OVERSEAS CHINESE
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : OCCBTWTP
Bank Name : SHANGHAI COMMERCIAL & SAVINGS BANK LTD
Branch : Chungshan Dist,
Branch Address :
SWIFT Code : SCSBTWTP
Bank Name : TAI-SHING INT'L BANK
SWIFT Code : This bank does not have a SWIFT Code
Bank Name : TAIWAN COOPERATIVE BANK
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : TACBTWTP
Bank Name : TAIPEI FUBON COMMERCIAL BANK CO LTD
Branch : Chungshan Dist,
Branch Address :
SWIFT Code : TPBKTWTP
*Financial History*
===============
August 1998
- Announced that its pre-tax profit tumbled 28.1 percent in the first
half as demand
from
local currency. The company's pre-tax profit for the six
months to June fell to
TWD3.1 billion (US$89 million) from
TWD4.31 billion a year ago. The
company
slashed its projections of 1998 yearend
pretax profit by 19% to TWD9.37 billion.
January - September 1999 - Sales totaled TWD68.256 billion, down 2.7
percent from TWD70.120 for the same
period of
last year
September 1999 -
Sales increased 0.1 percent to TWD7.687 billion compared to September last
year
with TWD7.683 billion.
-
Sales for this month were down 0.1 percent compared to last month.
Balance Sheet
Currency : TWD
Denomination : in Thousand
2002 2003 2004 2005 2006
---------------
-------------
-------------
-------------
-------------
Current Assets 45,570,317 56,914,438 85,231,550 85,133,860 92,942,336
Funds & long-term
investments 114,847,578 122,357,295 141,032,155 156,783,267 197,518,595
Property
80,854,551 79,754,077 76,954,177 76,197,905 78,461,479
Other Assets
9,976,339 8,331,160 4,911,811 2,758,174 2,937,230
Total Assets Before
252,943,654 270,400,846 310,900,281 323,448,548 374,446,256
Current Liabilities (Before)
25,399,582 28,608,433 47,131,373 46,816,759 52,580,081
(After) 32,910,139 40,581,813 72,437,537 74,341,150 90,894,843
Long-term Liabilities
78,842,539 80,214,835 72,111,328 66,359,815 58,734,375
Other Liabilities
10,135,478 12,397,919 13,255,227 14,896,875 15,166,098
Total Liabilities (Before)
114,377,599 121,221,187 132,497,928 128,073,449 126,480,554
(After) 121,888,156 133,194,567 157,804,092 155,597,840 164,795,316
Common stock
62,144,795 65,873,483 69,825,892 74,015,446 76,235,909
Capital Reserve
23,236,959 22,226,880 18,763,744 14,392,863 24,548,943
Retained Earnings (Before)
48,163,304 56,741,177 88,287,166 102,893,321 122,870,181
(After) 39,409,851 44,767,797 62,981,002 75,368,930 84,555,419
Total Shareholder's Equity
(Before) 138,566,055 149,179,659 178,402,353 195,375,099 247,965,702
(After) 131,055,498 137,206,279 153,096,189 167,850,708 209,650,940
Income Statement
Currency : TWD
Denomination : in Thousand
2002 2003 2004 2005 2006
--------------- ------------- ------------- ------------- ------------
Operating revenue
103,632,369 127,642,297 165,785,832 167,510,166 181,652,407
Gross Profit
18,246,262 22,578,297 34,087,314 23,910,556 29,134,402
Operating Income
7,818,651 12,414,735 23,116,704 12,170,095 17,574,588
Non-operating income
12,115,956 9,241,354 24,996,017 32,608,003 37,472,512
Non-operating expense
4,959,484 3,605,737 2,907,945 3,688,207 2,988,911
Net Income
13,796,515 17,180,004 43,491,228 39,957,083 47,501,265
Earnings (losses) per share
(After) 1.81 2.25 5.70 5.24 6.23
*Financial Structure*
=================
Sales breakdown as per product (%) :
1994 1995
1996 1997
------ ------ ------
------
Plastics 56.5 48.3
46.1 44.5
Polyesters 29.1 33.2
28.6 27.4
Electronics 9.7 15.0
17.0 22.1
Others 4.7 3.5 8.3 6.0
*Financial Ratios*
==============
2002 2003 2004 2005 2006
--------------- ------------- ------------- ------------- -----------
Ratio of liabilities to Assets %
45.22 44.83 42.62 39.60 33.78
Ratio of long-term capital to
fixed Assets% 268.89 287.63 325.54 343.49 390.89
Current ratio%
179.41 198.94 180.84 181.84 176.76
Quick ratio%
103.12 119.23 108.78 112.91 115.04
Interest coverage 4.80 6.54 18.66 17.20 20.34
Turnover of receivable (times)
6.22 6.11 6.89 6.84 7.19
Average collection period of
receivable 59 60 53 53 51
Turnover of inventories (times)
5.31 6.00 5.70 5.47 5.69
Turnover of expense (times)
13.29 13.18 12.56 12.72 13.73
Average days of sales
69 61 64 67 64
Turnover of fixed assets (times)
1.28 1.60 2.15 2.20 2.32
Turnover of total assets (times)
0.41 0.47 0.53 0.52 0.49
Return on total assets %
6.62 7.41 15.56 13.13 14.10
Return on
shareholder's Equity % 10.32 11.94 26.55 21.38 21.43
Operating Income
12.58 18.85 33.11 16.44 23.05
Net Income before tax
24.10 27.40 64.74 55.52 68.29
Profit margin%
13.31 13.46 26.23 23.85 26.15
Retroactive 1.81 2.25 5.70 5.24 6.23
Cash flows ratio%
58.14 59.23 63.39 71.54 71.22
Cash flows adequacy%
99.23 108.30 108.74 105.57 101.06
Cash reinvestment ratio%
3.53 2.94 5.17 2.28 2.43
Degree of operating leverage
2.13 2.25 1.28 1.87 1.19
Degree of financial leverage
1.83 1.31 1.11 1.23 1.15
*Financial Summary (Currency:
===============================
Year Sales Assets Net
Income
1998 US$ 3,396,022,444.44 US$ 6,324,885,740.74 US$
406,579,444.44
1999 US$ 3,154,566,200.00 US$ 7,036,917,866.67 US$
399,708,233.33
2000 US$ 3,357,014,961.12 US$ 7,088,507,589.42 US$
654,515,645.41
2001 US$ 2,768,445,937.32 US$ 7,093,485,693.56 US$
228,130,266.98
2002 US$ 2,978,797,614.26 US$ 7,270,585,053.18 US$
396,565,536.07
2003 US$ 3,680,573,731.26 US$ 7,797,025,547.87 US$
495,386,505.19
2004 US$ 4,986,040,060.15 US$ 9,350,384,390.98 US$
1,308,006,857.14
2005 US$ 5,292,580,284.36 US$ 10,219,543,380.73 US$ 1,262,467,077.41
2006 US$ 5,491,306,136.64 US$ 11,319,415.24 US$
1,435,951,178.96
*Int´l Trade Activity (Currency:
================================
Year Imports Exports Total
2001 US$ 416,416,489.00 US$ 1,011,755,954.00 US$ 1,428,172,443.00
2002 US$ 363,476,428.00 US$ 1,120,080,011.99 US$ 1,483,556,439.99
2003 US$ 365,156,937.00 US$ 1,470,950,626.01 US$ 1,836,107,563.01
2004 US$ 460,150,375.94 US$ 2,155,488,721.80 US$ 2,615,639,097.74
2005 US$ 542,180,094.79 US$ 2,467,298,578.20 US$ 3,009,478,672.99
2006 US$ 470,072,551.39 US$ 2,660,217,654.17 US$ 3,130,290,205.56
SC is considered
large-sized in its line with strong financial conditions. Credit dealings with
SC in favorable terms can be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2076 Vegetable
oils and byproducts, except corn, cottonseed, and soybean
Exporting 2211 Broad
woven fabrics, cotton
Exporting 2261 Finish
Cotton Fabrics
Exporting 2299 Textile
goods
Exporting 2399 Fabricated
textile products
Exporting 2992 Lubricating
oils & greases
Exporting 3081 Plastics
film, strips, and sheets, unsupported
Exporting 3351 Copper,
rolled or drawn
Exporting 3354 Aluminum
extruded products, rolled or drawn
Exporting 3366 Copper
Foundries
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 1518000000 Animal
or vegetable fats & oils/their fractions, boiled, oxidized, etc; inedible
mixtures or preparations of animal
or vegetable fats and oils
Exporting 2836500000 Calcium
carbonate
Exporting 2905140010 2-methylpropan-1-ol
(isobutyl alcohol)
Exporting 2905160010 2-ethylhexan-1-ol
(octyl alcohol)
Exporting 2905310000 Ethylene
glycol (ethanediol)
Exporting 2907230000 4,4'-isopropylidenediphenol
(bisphenol a, diphenylolpropane) and its salts
Exporting 2909410000 2,2-oxydiethanol
(diethylene glycol, digol)
Exporting 2909490000 Ether-alcohols
and their halogenated, sulfonated, nitrated or nitrosated
derivatives
not elsewhere specified or included
Exporting 2910900000 Epoxides,
epoxyalcohols, epoxyphenols and epoxyethers, with a three-
membered
ring, and their halogenated, sulfonated, nitrated or nitrosated derivs
Exporting 2917200000 Cyclanic,
cyclenic or cycloterpenic polycarboxylic acids, their anhydrides,
halides,
peroxides, peroxyacids and their derivatives
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Exporter EG (ethylene
glycol)
Exporter 4-hyrodxyphenyl
Exporter Ether
alcohol
Exporter Cyclanic
Exporter Chemical
sensitized emulsions
Exporter Dry plates
Exporter Rubber-based
adhesives
Exporter Stamping
foils
Exporter Pigment
concentrate dispersion
Exporter Tetrahydrofuran
INTERNATIONAL TRADE : ACTIVITY & MARKETS
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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. |
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%)