MIRA
INFORM REPORT
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Report Date : |
26.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
NAN YA PLASTICS CORP |
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Registered Office : |
35-1 Chung Shan 3rd Chienchen Dist Kaohsiung City 806 |
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Country : |
Taiwan |
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Financials (as on) : |
30.09.2006 |
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Date of Incorporation : |
22.08.1958 |
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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 incorporating some
of the raw materials imported. |
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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Maximum Credit Limit : |
Up To USD 100,000,000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
NAN YA PLASTICS CORP
35-1 CHUNG SHAN 3RD CHIENCHEN DIST KAOHSIUNG CITY 806, TAIWAN
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 (GENERAL MANAGER)
STAFF STRENGTH :
13,703
CAPITAL :
US$ 2,334,943,607
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NTD 133,009,658,000 (AS OF SEPTEMBER 30, 2006)
EQUITIES :
NTD 230,818,654,000 (AS OF SEPTEMBER 30, 2006)
PAYMENT :
EXCELLENT
RECOMM. CREDIT RANGE :
UP TO USD 100,000,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STRONG
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
NTD 32.9820 = US$1 AS OF 2007-2-25
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*
===============
1969 -
R&D Center founded as "Research Institute"
1972 -
Became listed on Taiwan Stock Exchange.
1979 -
R&D Center renamed as "Inspection Center"
1981 -
Established Engineering Division
1983 -
R&D Center renamed as "Department of Inspection"
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 -
R&D Center reorganized and named "Research and Development Center of
NAN YA
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 Jiangsu province,
China.
February 1999 - New
Ethylene Glycol (EG) Plant was completed.
2002 -
Completed the expansion projects for bathroom doors and PVC granule in Nantong
and
Chongqing, and embarked on the
construction of BOPP film plants in Nantong and
Huizhou.
May 2004 -
Reported that it will allocate USD 305 million to USD 460 million to build new
plants in
Taiwan, China and Vietnam.
21 May, 2004 - Reported
that it will invest USD 200 million into USA company, BLUE PHOTONICS INC.
*Company Registration*
===================
License number : 75370905
Date issued : 22 August,
1958
Issuing authority : Ministry of Economic Affairs (MOEA)
*Registrar*
=========
NAN YA PLASTICS
*Capital Details*
=============
Initial authorized capital : NTD 4,000,000.00
Authorized capital increases as follows :
Date
Amount (NTD)
-------
----------------------
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 (NTD)
-------
----------------------
March 2000
47,566,951,560.00
August 2001 58,076,247,860.00
(1)
Market Capitalization : NTD142,645.97 million
Year :
1995
(2)
Market Capitalization : USD
6,932.9 million
Year
: 2000
*Office & Facilities*
================
Size : 10,577
sq. meters (Approx)
Facilities : Modern
Location : Kaohsiung
City
Type of building : Commercial
and industrial building
Property status : Owned by NAN
YA PLASTICS CORP
Comments : Serves as
office, factory and warehouse
Previous Contact Details
---------------------------------
Address : Rm 602, 54
Minshen East Rd Section 4, Taipei, Taiwan, 105
Tel no. :
2-27178233
Fax no. : 2-27178537
E-mail address :
lcdsales@npc.com.tw, 29010@npc.com.tw
*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 :
NAN YA's land area :
849,648 pings
building area : 242,769 pings
Type of manufacturing :
Up-stream
Production Capacity :
NTD4,448,346,000 per month
More than 32
products
*Corporate & Organization Structure*
=============================
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
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|
President---------------------------------------------------|-----
Polyester Fiber Division
| |
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|----- Dyeing & Finishing Division
President's |
Office |----- Plasticizer Division
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|----- Switchgear Division
|
|-----
Engineering Division
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|-----
Environmental Engineering Center
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|----- R & D Center
R&D Center Organizational Chart
---------------------------------------------
|----- Department of
Administration
|
|----- Department of Instrument Analysis
|
|----- Department of Polymer
R&D CENTER |
NAN YA -------------------------------|-----
Department of Specialty Chemicals
PLASTICS CORP |
|----- Department of Composites
|
|----- Department of Opto-Electronics
|
|----- Department of
Inspection & Testing
*Assets*
========
Type of asset :
Machinery/Equipment
Value : NTD
17,000,000,000.00
*Industry Ranking*
================
Ranked as Top 1000 largest companies in Asia.
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 Taiwan's second largest manufacturer of printed circuit boards
with sales of NTD 7.2 billion
- The firm has been ranked among Taiwan's largest manufacturing
corporations. Detail of rank follow :
Year Rank
------- ----
1992 1
- Considered as one of the biggest plastic and fiber manufacturer in
Taiwan.
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 Taiwan.
*Sales Ranking*
=============
Details of rank are as follows :
Year Rank
------ -------
1998 5
1997 4
1996 3
2001 20
*Accountants*
============
KPMG Taiwan
*Auditors*
=========
KPMG
*Long & Short Term Investments*
===========================
Type of investment : Sixth Naptha Project
Investment amount : NTD 27,760,000,000
*Reputation*
===========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
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.
Stock Exchange Listing Details
Country for listing : Taiwan
Name of Stock Exchange : Name Acronym
TAIWAN STOCK EXCHANGE TSE
Trading Symbol / No. : NPC
Date of listing : 5 November, 1967
Date of de-listing : n/a
Company Registrar : n/a
Direct / Indirect Corporate Parent Details
Chairman : Mr. Chin-jen Wu
Nationality : Taiwan
*Major Shareholders*
==================
Shareholders' Name No. of Shares
--------------------------- ------------------
Mr. Yung-ching Wang
416,602,055
Mr. Yung-tsai Wang 391,090,095
Ms. Jui-yu Wang 354,124,920
Mr. Chao-neng Chang 2,842,761
Mr. Chao-chun Ma 1,897,047
MERLE CO LTD 1,215,173
Mr. Chen-ling Lin 1,017,088
Mr. Hsin-fa Chang 354,475
Ms. Chen-ching Fu 260,895
Mr. Tai-hsiung Lin 188,724
Mr. Ming-jen Tsou 181,432
Mr. Chia-chao Wu 75,969
Mr. Chin-jen Wu 64,802
Mr. Kao-yu Hsieh 53,059
Ms. Yuan-shan Liu 50,606
Mr. Fen-chin Lin 24,472
LIAN HWA ALUMINIUM CO LTD
14,568
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. Hsin-fa Chang Taiwanese
Assist. Manager -
Mr. Jih-chun Chien Taiwanese
Assist. Manager -
Mr. Wen-yi Tseng Taiwanese
Assist. Manager -
Ms. Yuan-shan Liu Taiwanese
Assist. Manager -
Mr. Chia-chao Wu Taiwanese
Executive Vice-President -
Mr. Chin-jen Wu Taiwanese
General Manager -
Mr. Mao-yang Lin Taiwanese
Manager -
Ms. Kuei-yun Wang Taiwanese
Manager -
*Key Personnel*
=============
(1)
Mr. Yung-ching Wang
Founder : Sole
Founder
Age : 90
years
Born : 18
January, 1917
Work experience : More than 45 years
Responsibilities : Handles the
daily operation of the firm including all financial and legal matters.
Resident status : Taiwan
Other position : President of
the following companies
- FORMOSA PLASTIC INDUSTRIAL CORP
- FORMOSA CHEMICALS & FIBER CORP
Chairman, NAN YA TECHNOLOGY CORP
(2)
Mr. Mao-lin Tsai
Responsibility : Financial Department
(3)
Mr. Chin-jen Wu
Education : BA
National Cheng Kung University, Taiwan
Work experience : Chairman of
the Board, INOTERA MEMORIES LTD
Other position : General
Manager, NAN YA TECHNOLOGY CORP
*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.
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
Air-conditioner parts
Aluminum foil
Automatic circuit breaker part
Air-conditioners
Brand NAN YA
*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 :
- Taiwan Electrical & Electronic Manufacturers' Association (TEEMA)
- Taiwan Regional Association of Synthetic Leather
- Taiwan Association of Machinery Industry
- Taiwan Die & Mold Industry Association
*Exhibition Participation*
====================
Participated in the following local exhibitions :
(1)
Exhibition fair : TAIPEI INT'L
ELECTRONICS SPRING SHOW
Date attended : 25-29 March,
1999
Location : Taipei World
Trade Center - Exhibition Hall
(2)
Exhibition fair : Taipei
International Electronics Show
Date attended : 25-28 October,
1999
Location : Taipei
World Trade Center - Exhibition Hall
(3)
Exhibition fair : Taipei
International Plastic & Rubber Industry Show
Date attended : 30 September - 4 October, 1999
Location : Taipei World
Trade Center - Exhibition Hall
(4)
Exhibition fair : Taipei
International Optoelectronics Show (TaipeiOpto 2003)
Date attended : 18 - 22 April,
2003
Location : Taipei World
Trade Center - Exhibition Hall
*Production Capacity*
==================
Item Maximum
capacity Current
Capacity
------
-------------------------- -----------------------
Flexible PVS Sheeting 126,900 tons 105,727 tons
Flexible PVC leather 32,220 yards 26,897 yards
PVC rigid film and sheet 253,800 tons 158,079 tons
PVC pipes 168,000
tons
123,796 tons
Wrap film products 131,400
tons
95,588 tons
Plastic doors and windows 27,208 tons 16,188 tons
PU synthetic leather 18,600,000 yards 9,618,000 yards
Epoxy resin 177,200
tons
159,731 tons
Glass fiber cloth 234,000,000 yards 209,791,000 yards
Polyester fiber 897,084 tons 629,847 tons
Polyester film 40,800 tons 37,494 tons
Ethylene glycol 431,250 tons 542,952 tons
DOP
335,000 tons 335,832 tons
Switchboard 12,000
plates
4,837 plates
*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%)
*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
- Kaohsiung 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,
Kaohsiung Plant Plastic 1st Division/Mingchi Plant Plastic 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*
=======================
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 : NTD40,000
Material/components
Quantity supplied
-----------------------------
-------------------------
Plastic Powder
384,315
Chemical rew 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 worth
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 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
: NTD40,000,000
(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 NTD16,679,466,000
(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
*Domestic Agents & Distributors*
===========================
- LIANG-WOEI FIBRE CO LTD
- J.CYPRESS CO LTD
*International Trade Ranking*
========================
The firm has been ranked among Taiwan's Top Importer/Exporter based on
the standard measured by the
Board of Foreign Trade (BOFT)
Details of rank are as follows :
Year Rank
------- --------
1997 5
*Export Markets*
==============
75% of the annual turnover is attributed to overseas market.
Country % of Exports
-----------
----------------
USA 80
Others 20
Export Market Percentage :
Product : POLYESTER FIBRES
Region % of
Exports
-----------
-----------------
Asia
69.00
Others
20.00
Europe
8.00
Australia
3.00
*Overseas Customers*
==================
Major overseas customers include:
(1)
Customer's name : PHILMAN
COMMERCIAL INC
Country :
Philippines
(2)
Customer's name : ATLAS TIGER
INT'L (HK) LTD
Country : Hong
Kong
*OVERSEAS AGENTS AND DISTRIBUTORS*
=====================================
Agent : CHEMIPLAS (NZ) LTD
Country of Origin : New Zealand
Product Description : Pvc sheets
Brand : Nan Ya
Year : 1991
Agent : TCL MARKETING LTD
Country of Origin : New Zealand
Product Description : PVC film
Brand : NAN YA
Year : 2001
Agent : HARIS AL AFAQ LLC
Country of Origin : United Arab Emirates
Product Description : Polyester resins
Brand : NAN YA
Year : 2000
Agent : FU YUAN ENTERPRISE PTE LTD
Country of Origin : Singapore
Product Description : Plastics
Brand : Nan Ya
Year : 2000
*LOCAL BRANCHES & MANAGEMENT*
==================================
Branch : NAN YA PLASTICS CORP - LUCHU HSIANG
Branch Address : 336 Nan Kan Rd Section 1 Luchu Hsiang, Taoyuan Hsien
338
Branch Tel : [+886] 3-3221279
Branch : NAN YA PLASTICS CORP - KUEISHAN HSIANG
Branch Address : 6 Wen Ming Rd Kueishan Hsiang, Taoyuan Hsien 333
Branch Tel : [+886] 3-3718331
Branch : NAN YA PLASTICS CORP - SHULIN CITY
Branch Address : 57 Wei Wang St Shulin City, Taipei Hsien 238
Branch Tel : [+886] 2-26806311
Branch Fax : [+886] 2-26684725
Branch : NAN YA PLASTICS CORP - KAOHSIUNG HSIEN
Branch Address : 101 Shuei Kuan Rd Jenwu Hsiang, Kaohsiung Hsien 814
Branch Tel : [+886] 7-3711411
Branch Fax : [+886] 7-3712149
Branch : NAN YA PLASTICS CORP - LINYUAN HSIANG
Branch Address : Lin Yuan Industrial Park 1-1 Ind 2nd Rd Linyuan Hsiang,
Kaohsiung Hsien 832
Branch Tel : [+886] 7-6414416
Branch : NAN YA PLASTICS CORP - TAIPAO CITY
Branch Address : 201 Pai Kang Rd Section 2 Nan Hsin Village Taipao City,
Chiayi Hsien 612
Branch Tel : [+886] 5-2373711
Branch Fax : [+886] 5-2377846
Branch : NAN YA PLASTICS CORP - TAIPEI HSIEN
Branch Address : 100 Nan Nin Rd Ta Ko Village Linkou Hsiang, Taipei
Hsien 244
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 : NAN YA PLASTICS CORP - HSINKANG HSIANG
Branch Address : 2 Chung Yang Industrial Park Hsinkang Hsiang, Chiayi
Hsien 616
Branch Tel : [+886] 5-3772111
Branch Fax : [+886] 5-3772050
Branch : NAN YA PLASTICS CORP - MAILIAO HSIANG
Branch Address : Formosa Industrial Park 1, 31-200 Hsu Tso Mailiao
Hsiang, Yunlin Hsien 638
Branch Tel : [+886] 5-6913385
Branch Fax : [+886] 5-6818237
Branch : NAN YA PLASTICS CORP - CHIAYI HSIEN
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 - SHULIN CHEN
Branch Address : 55 Wie Wang St Shulin City, Taipei Hsien 238
Branch Tel : [+886] 2-26806311
Branch Fax : [+886] 2-26684725
Branch : NAN YA PLASTICS CORP - TAIPEI CITY
Branch Address : 13Fl Formosa Plastics Bldg - Annex 201 Tun Hua North Rd
Sungshan Dist, Taipei City, 105
Branch Tel : [+886] 2-27178305
Branch Fax : [+886] 2-27136421
*(Subsidiaries, Joint-ventures & Affiliates)
================================
Company Name : BLUE PHOTONICS INC
Address : 679 Brea Canyon Rd Walnut 91789 California USA
Country : USA
Relationship : Minor Investments
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : CHINA NANTONG HUAFENG CO LTD
Address : 12 Haobei Lu Chongchuan Dist Nantong 226001 China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Leather Goods, Tanned & Imitation
Company Name : FANS HANG ENTERPRISE CO LTD
Country : Taiwan
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Plastics & Products
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 AUTOMOBILE CORP
Address : 11Fl 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 : Motor Vehicles, Parts & Accessories
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 : Affiliate
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Petrochemicals
Company Name : HEWLETT-PACKARD INT'L PTE LTD - TAIWAN BRANCH
Address : 9Fl, 106 Hsin Yi Rd Section 5 Hsin-i Dist Taipei City 110
Taiwan
Country : Taiwan
Relationship : Joint-Venture
Legal Form : Private Limited Company
Company Type : Trader
Industry : Computer & Information Products
Company Name : HUA YA (XIAMEN) PLASTICS CO LTD
Address : Xinyang Industrial Zone Xiamen Hai Cang Xiamen 361022 Fujian
China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Plastics & Products
Company Name : INDONESIA NANYA INDAH PLASTIC CORP PT
Address : Jalan Hanomon Dalam No 1 Krapyak Semarang Central Java
Indonesia
Country : Indonesia
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Plastics & Products
Company Name : MAI-LIAO POWER CORP
Address : 42 Beau Fu Rd Mailiao Hsiang 638 Yunlin Hsien Taiwan
Country : Taiwan
Relationship : Minor Investments
Legal Form : Public Company
Company Type : Importer
Industry : Electrical Equipment & Appliances
Company Name : MAILIAO HARBOR ADMINISTRATION CORP
Global Identifier : P0073418
Address : 4Fl Formosa Plastics Bldg - Annex 201 Tun Hua North Rd
Sungshan Dist Taipei City 105 Taiwan
Country : Taiwan
Relationship : Minor Investments
Legal Form : Private Limited Company
Company Type : Service
Industry : Professional Services
Company Name : NAN CHUNG PETROCHEMICAL CORP
Address : Formosa Plastics Bldg 201 Tun Hua North Rd Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : Public Company
Company Type : Trader
Industry : Petrochemicals
Company Name : NAN YA CO-GENERATION PLANT (KUNSHAN) CO LTD
Address : Kunshan Economic & Technological Development Zone 201
Changjiang Rd South Kunshan 215300 Jiangsu China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Service
Industry : Energy, Power & Utilities
Company Name : NAN YA ELECTRIC (NANTONG) CO LTD
Address : Chongchuan Economic Development Zone 101 Outer Ring Rd East
Nantong 226008 Jiangsu China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Electronic Products & Components
Company Name : NAN YA ELECTRONIC MATERIALS (KUNSHAN) CO LTD
Address : Kunshan Development Zone 201 Changjiang South Rd Kunshan
215300 Jiangsu China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Electronic Products & Components
Company Name : NAN YA EPOXY RESIN (KUNSHAN) CO LTD
Address : Kunshan Economic & Technological Development Zone 201
Changjiang Rd South Kunshan 215300 Jiangsu China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Plastics & Products
Company Name : NAN YA FOOD & INDUSTRIAL WRAP
Country : Philippines
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Packaging
Company Name : NAN YA PHOTONICS CORP
Address : 2Fl Formosa Plastics Bldg 201-27 Tun Hua North Rd Sungshan
Dist Taipei City 105 Taiwan
Country : Taiwan
Relationship : Joint-Venture
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : NAN YA PLASTICS (HONG KONG) CORP LTD
Address : 7Fl Citicorp Centre 18 Whitfield Rd Causeway Bay Hong Kong
Hong Kong
Country : Hong Kong
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Plastics & Products
Company Name : NAN YA PLASTICS (HUIZHOU) CO LTD
Address : Yongshi Blvd Shiwan Town Boluo County Huizhou 516127 Guangdong
China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Plastics & Products
Company Name : NAN YA PLASTICS (NAN TONG) CORP
Address : 101 Outer Ring East Rd, Chongchuan Economic Development Zone
(East Zone) Nantong 226008 Jiangsu China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Plastics & Products
Company Name : NAN YA PLASTICS CONSTRUCTION MATERIALS (GUANGZHOU) CO LTD
Address : Jiaoxin Village, Shijing Town Guangzhou 510430 Guangdong China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Plastics & Products
Company Name : NAN YA PLASTICS CONSTRUCTION MATERIALS (NANTONG) CO LTD
Address : Chongchuan Economic Development Zone 101 Outer Ring Rd Nantong
226008 Jiangsu China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Plastics & Products
Company Name : NAN YA PLASTICS CORP
Address : Jianxin Village, Shijng Town Baiyun Dist Guangzhou 510430
Guangdong China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Plastics & Products
Company Name : NAN YA PLASTICS CORP AMERICAN
Country : USA
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Plastics & Products
Company Name : NAN YA PLASTICS CORP USA
Address : 140 East Beulah Rd Lake City 29560 South Carolina USA
Country : USA
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Plastics & Products
Company Name : NAN YA PRINTED CIRCUIT BOARD CORP
Address : 3Fl, 201-36 Tun Hua North Rd Sungshan Dist Taipei City 105
Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : State-owned Enterprise
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : NAN YA RIGID FILM (GUANG ZHOU) CO LTD
Address : Jiaoxin Village, Shijing Town Guangzhou 510430 Guangdong China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Plastics & Products
Company Name : NAN YA TECHNOLOGY CORP
Address : Hwaya Technology Park 669 Fu Hsing 3rd Rd Kueishan Hsiang 333
Taoyuan Hsien Taiwan
Country : Taiwan
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 Nantong 226001 Jiangsu China
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Plastics & Products
Company Name : PFG FIBER GLASS CORP
Address : Rm 216, 5Fl 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 : Glass Products
Company Name : SUPERIOR WORLD WIDE TRADING CO LTD
Country : Hong Kong
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Plastics & Products
Company Name : WEN FUNG INDUSTRIAL CO LTD
Address : 116 Nan Lin Rd Ta Ko Village Taishan Hsiang 243 Taipei Hsien
Taiwan
Country : Taiwan
Relationship : Joint-Venture
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Plastics & Products
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Joint-ventures
--------------------
(1)
HEWLETT-PACKARD INT'L PTE LTD - TAIWAN BRANCH
This is a joint-venture between the following companies :
- HEWLETT PACKARD TAIWAN LTD
- NAN YA PLASTICS CORP
(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)
WEN FUNG INDUSTRIAL CO LTD
This is a joint-venture between the following companies :
- NAN YA PLASTICS CORP
- Others
(4)
FORMOSA AUTOMOBILE CORP
This is a joint venture between the following companies :
- NAN YA PLASTICS CORP
- FORMOSA PLASTICS GROUP
(5)
NAN YA PHOTONICS CORP
This is a joint venture between the following companies :
- BLUE PHOTONICS INC
- NAN YA PLASTICS CORP
Maintains the following :
- PVC sheeting and rigid PVC film plants in USA
- Polyester fiber plant in South Carolina
Subsidiary
--------------
Company name : NAN YA PLASTICS
(HONG KONG) CORP LTD
Country : Hong
Kong
Details : It
maintains subsidiary companies in China as below:
-
NAN YA PLASTICS (GUANGZHOU) CO LTD
- NAN YA PLASTICS CONSTRUCTION MATERIALS
(GUANGZHOU) CO LTD
-
NAN YA RIGID FILM (GUANGZHOU) CO LTD
-
CHINA NANTONG HUAFENG CO LTD
-
NANTONG HUAFU PLASTICS CO LTD
-
NAN YA PLASTICS (NANTONG) CO LTD
-
NAN YA PLASTICS CONSTRUCTION MATERIALS (NANTONG) CO LTD
-
NAN YA ELECTRIC (NANTONG) CO LTD
- NAN YA PLASTICS (CHONGQING) CO LTD
-
NAN YA PLASTICS (HUIZHOU) CO LTD
-
NAN YA ELECTRONIC MATERIALS (KUNSHAN) CO LTD
-
NAN YA COPPER FOIL (KUNSHAN) CO LTD
-
NAN YA GLASS FABRICS (KUNSHAN) CO LTD
-
NAN YA CO-GENERATION PLANT (KUNSHAN) CO LTD
-
NAN YA EPOXY RESIN (KUNSHAN) CO LTD
- HUA YA (XIAMEN) PLASTICS CO LTD
-
HUA YA (XIAMEN) FITTINGS CO LTD
*Branches*
=========
(1) Formosa Plastics Bldg - Annex
Size :
108,000 sq. feet per floor
Facilities : Modern
Location : Commercial Center of Taipei City
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)
R&D Center
-----------------
Ground area : 1,157 sq.
meters
Type of building : 2-storey
building
Other fax no : 2-29021243
Other Contact Details
-----------------------------
Location : Shulin City
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 (USA) CORP
CABIUM BUSINESS GROUP (USA)
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
CHANG GUNG MEMORIAL HOSPITAL
FORMOSA PLASTICS (USA) CORP
NAN
YA PLASTICS (USA) CORP
JM MFG CO - USA
NAN
YA INDAH PLASTICS CORP - Indonesia
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 TAIWAN
Branch : Chungcheng Dist,Taipei City
Branch Address : 120 Chung Ching South Rd Section 1 Chungcheng Dist
Taipei City 100 (Head Office)
SWIFT Code : BKTWTWTP
Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,Taichung City
Branch Address : 38 Tzu Yu Rd Section 2 Central Dist Taichung City 400
(Head Office)
SWIFT Code : CCBCTWTP
Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Chungcheng Dist,Taipei City
Branch Address : Ming Sheng
Account No. : 372-7
SWIFT Code : HNBKTWTP
Type of account : Checking
*Financial History*
===============
August 1998 - Announced that
its pre-tax profit tumbled 28.1 percent in the first half as demand from Asia
fell
and its own interest burden increased on the
bank of a weakening local currency. The
company's pre-tax profit for the six months
to June fell to NTD3.1 billion (USD89 million) from
NTD4.31 billion a year ago. The company slashed its projections of 1998
yearend pretax profit
by 19% to NTD9.37 billion.
January - September 1999 - Sales totaled NTD68.256 billion, down 2.7
percent from NTD70.120 for the same
period of last year
September 1999 -
Sales increased 0.1 percent to NTD7.687 billion compared to September last year
with
NTD7.683 billion.
- Sales for this month were down 0.1 percent compared to last month.
BALANCE SHEET
Currency : NTD
Denomination : in thousands
30 September, 2005 2004 2003
2002 2001
2006
------------------- -------------- --------------
-------------
-------------- ---------------
Current Assets
92,791,711 85,116,406 85,231,550 56,914,438
45,570,317 39,667,305
Funds & long-term
investments 185,286,208 156,783,267 141,032,155
122,357,295 114,847,578 102,764,768
Property
78,605,506 76,197,905 76,954,177 79,754,077
80,854,551 81,877,159
Intangible Assets
2,317,973 2,575,342 2,770,588 3,043,876
1,694,869 3,676,849
Other Assets
3,551,041 2,758,174 4,911,811 8,331,160
9,976,339 16,455,436
Total Assets
362,552,439 323,431,094 310,900,281 270,400,846
252,943,654 244,441,517
Current Liabilities (Before)
51,762,717 46,722,483 47,131,373 28,608,433
25,399,582 36,709,591
(After) -- 74,246,874
72,437,537 40,581,813 32,910,139 40,775,138
Long-term Liabilities
65,415,323 66,359,815 72,111,328 80,214,835
78,842,539 68,128,005
Other Liabilities
14,555,745 14,973,697 13,255,227 12,397,919
10,135,478 10,676,806
Total Liabilities (Before)
131,733,785 128,055,995 132,497,928 121,221,187
114,377,599 115,514,402
(After) -- 155,580,386
157,804,092 133,194,567 121,888,156 119,579,949
Common stock
76,235,909 74,015,445 69,825,892 65,873,483
62,144,795 58,079,248
Capital Reserve 24,193,692 14,751,368
18,763,744 22,226,880 23,236,959 25,522,443
Retained Earnings (Bef)
110,261,424 102,893,321 88,287,166 56,741,177
48,163,304 40,143,303
(After) -- 75,368,930
62,981,002 44,767,797 39,409,851 34,335,378
Total Shareholder's
Equity (Bef) 230,818,654 195,375,099 178,402,353
149,179,659 138,566,055 128,927,116
(After) --
167,850,708 153,096,189 137,206,279 131,055,498 124,861,568
INCOME STATEMENT
Currency : NTD
Denomination : in thousands
30 September, 2005 2004 2003 2002 2001
2006
-------------------
--------------
--------------
------------- -------------- ---------------
Operating revenue
133,009,658 167,510,166 165,785,832 127,642,297
103,632,369 95,400,647
Gross Profit
21,073,661 23,910,556 34,087,314 22,578,297
18,246,262 15,810,889
Operating Income
12,403,281 12,170,095 23,116,704 12,414,735
7,818,651 8,666,737
Non-operating income
28,255,193 32,213,751 24,996,017 9,241,354
12,115,956 7,074,701
Non-operating expense
2,268,783 3,293,955 2,907,945 3,605,737
4,959,484 11,068,193
Net Income
34,892,508 39,957,083 43,491,228 17,180,004
13,796,515 7,861,369
Earnings (losses) per share
4.58 5.40 5.88 2.32 1.74
0.95
*Financial Ratios*
==============
2003 2002 2001
2000 1999 1998
----------- ----------- -------------
------------- ---------- ----------
Ratio of liabilities to Assets % 44.83 45.22
47.26 45.01 48.78 57.54
Ratio of long-term capital to fixed
Assets%
287.63 268.89 240.67 235.01 233.82 182.72
Current ratio % 198.94 179.41 108.06
120.51 132.16 118.88
Quick ratio % 128.36 109.64 61.87 73.31 73.28 62.66
Interest coverage 7.00 5.00 2.00
4.00 3.00 3.00
Turnover of receivable (times) 6.11
6.22 5.87 6.27 6.13
6.12
Average collection period of receivable 60.00
59.00 62.00 58.00 60.00 60.00
Turnover of inventories (times)
6.00 5.31 4.69
4.57 3.78 3.87
Average days of sales 61.00 69.00
78.00 80.00 96.00 94.00
Turnover of fixed assets (times) 1.60
1.26 1.17 1.42 1.32
1.36
Turnover of total assets (times) 0.47 0.40
0.39 0.47 0.45 0.54
Return on total assets % 7.41 6.62
4.67 11.14 7.69 8.62
Return on shareholder's Equity % 11.94
10.32 6.18 18.03
13.28 16.39
Operating Income 18.85 12.58 14.92
18.58 18.27 20.18
Net Income before tax 27.40 24.10
8.05 33.67 23.74 26.31
Profit margin % 13.46 13.31 8.24
19.50 12.67 11.97
Cash flows ratio % 59.23
58.14 57.02 49.70 50.09
45.35
Cash flows adequacy % 108.30 99.23
81.42 78.41 68.77 60.29
Cash reinvestment ratio % 2.94 3.53
5.46 5.97 6.81 9.51
Degree of operating leverage 2.25 2.13
2.34 2.74 2.69 2.76
Degree of financial leverage 1.31 1.83
1.94 1.88 1.74 2.11
2005 2004
----------
----------
Ratio of liabilities to Assets % 39.59 42.68
Ratio of long-term capital to fixed Assets% 343.49 325.54
Current ratio%
182.17 181.15
Quick ratio%
113.10 108.96
Interest coverage 19.00 19.00
Turnover of receivable (times) 6.84 6.89
Average collection period of receivable 53.00 53.00
Turnover of inventories (times) 5.47 5.70
Turnover of expense (times) 12.72 12.56
Average days of sales 67 64
Turnover of fixed assets (times) 2.2 2.15
Turnover of total assets (times) 0.52 0.53
Return on total assets% 13.09 15.56
Return on shareholder's Equity% 21.38 26.55
Operating Income 16.44 33.11
Net Income before tax 55.52 64.74
Profit margin% 23.85 26.23
Retroactive
5.40 5.88
Cash flows ratio% 71.68 63.51
Cash flows adequacy% 105.57 108.74
Cash reinvestment ratio% 2.28 5.17
Degree of operating leverage 1.87 1.28
Degree of financial leverage 1.20 1.11
*FINANCIALS SUMMARY (Currency: U.S. $'s)
=====================================
Year Sales Assets Net Income
1998 $3,396,022,444.44 $6,324,885,740.74 $406,579,444.44
1999 $3,154,566,200.00 $7,036,917,866.67 $399,708,233.33
2000 $3,357,014,961.12 $7,088,507,589.42 $654,515,645.41
2001 $2,768,445,937.32 $7,093,485,693.56 $228,130,266.98
2002 $2,978,797,614.26 $7,270,585,053.18 $396,565,536.07
2003 $3,680,573,731.26 $7,797,025,547.87 $495,386,505.19
2004 $4,986,040,060.15 $9,350,384,390.98 $1,308,006,857.14
2005 $5,292,580,284.36 $10,218,991,911.53 $1,262,467,077.41
*Int´l Trade Activity (Currency:
U.S. $'s)
===============================
Year Imports Exports Total
2001 $416,416,489.00 $1,011,755,954.00 $1,428,172,443.00
2002 $363,476,428.00 $1,120,080,011.99 $1,483,556,439.99
2003 $365,156,937.00 $1,470,950,626.01 $1,836,107,563.01
2004 $406,117,127.01 $1,992,691,670.02 $2,398,808,797.03
2005 $499,842,022.12 $2,499,842,022.12 $2,999,684,044.24
SC is well-known 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
Exporting Automotive air-conditioners
Exporting Bisphenol - A
Exporting Calcium carbonate
Exporting Chopped strands
Exporting DEG (diethylene glycol)
Exporting Cyclanic
Exporting Cultured crystals
Exporting Cotton gins
Exporting Copper foil
Exporting Copper clad laminates
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Argentina
Exporting to Asia
Exporting to Australia
Exporting to Austria
Exporting to Bangladesh
Exporting to Belgium
Exporting to Brazil
Exporting to Brunei
Exporting to Cambodia
Exporting to Canada
Exporting to Chile
Exporting to China
Exporting to Colombia
Exporting to Costa Rica
Exporting to Cyprus
Exporting to Czech Republic
Exporting to Denmark
Exporting to Ecuador
Exporting to Egypt
Exporting to Europe
Exporting to Finland
Exporting to France
Exporting to Germany
Exporting to Greece
Exporting to Guatemala
Exporting to Hong Kong
Exporting to India
Exporting to Indonesia
Exporting to Iran
Exporting to Ireland
Exporting to Israel
Exporting to Italy
Exporting to Japan
Exporting to Jordan
Exporting to Latvia
Exporting to Lebanon
Exporting to Luxembourg
Exporting to Macau
Exporting to Malaysia
Exporting to Mexico
Exporting to Middle East
Exporting to Myanmar
Exporting to Netherlands
Exporting to New Zealand
Exporting to Nigeria
Exporting to North America
Exporting to North Korea
Exporting to Norway
Exporting to Oceania
Exporting to Oman
Exporting to Pakistan
Exporting to Peru
Exporting to Philippines
Exporting to Poland
Exporting to Portugal
Exporting to Russia
Exporting to Saudi Arabia
Exporting to Singapore
Exporting to Slovenia
Exporting to South Africa
Exporting to South Korea
Exporting to Spain
Exporting to Sri Lanka
Exporting to Sweden
Exporting to Switzerland
Exporting to Syria
Exporting to Thailand
Exporting to Turkey
Exporting to UAE
Exporting to USA
Exporting to Ukraine
Exporting to United Kingdom
Exporting to Venezuela
Exporting to Vietnam
Importing from Asia
Importing from Australia
Importing from Austria
Importing from Bangladesh
Importing from Belgium
Importing from Brazil
Importing from Canada
Importing from China
Importing from Colombia
Importing from Denmark
Importing from Egypt
Importing from Europe
Importing from Finland
Importing from France
Importing from Germany
Importing from Hong Kong
Importing from Hungary
Importing from India
Importing from Indonesia
Importing from Iran
Importing from Ireland
Importing from Israel
Importing from Italy
Importing from Japan
Importing from Jordan
Importing from Luxembourg
Importing from Malaysia
Importing from Mexico
Importing from Netherlands
Importing from Philippines
Importing from Puerto Rico
Importing from Saudi Arabia
Importing from Singapore
Importing from South Korea
Importing from Spain
Importing from Sweden
Importing from Switzerland
Importing from Thailand
Importing from USA
Importing from Ukraine
Importing from United Kingdom
Importing from V.I. (British)
Importing from Venezuela
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%)
PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions