MIRA
INFORM REPORT
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Report Date : |
12.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
XXENTRIA TECHNOLOGY MATERIALS CO LTD |
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Registered Office : |
7FL, 411 Chung Shan Rd Section 1, Kueijen Hsiang Tainan
Hsien 711 |
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Country : |
Taiwan |
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Date of Incorporation : |
September 9, 1994 |
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Com. Reg. No.: |
89845559 |
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Legal Form : |
Public Company |
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Line of Business : |
Research and Development of polypropylene sheet, aluminum composite
panel. Importing of raw materials / components for in-house OEM production Manufacture of a wide range of galvanized steel composite panel, PP
sheet and other related products. Export and domestic sales of its finished products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
Up To USD 1,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
XXENTRIA TECHNOLOGY MATERIALS CO LTD
7FL, 411 CHUNG SHAN RD SECTION 1
KUEIJEN HSIANG TAINAN HSIEN 711, TAIWAN
TEL : 886-6-2397257
FAX : 886- 6-2399198
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 9, 1994
REGISTRATION NO. :
89845559
LEGAL FORM :
PUBLIC COMPANY
CHIEF EXECUTIVE :
MR. HSIEN-TEH CHENG (CHAIRMAN)
STAFF STRENGTH :
143
CAPITAL :
US$ 30,175,015
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NTD 1,220,589,000 (AS OF 2006)
EQUITIES :
NTD 1,151,684,000 (AS OF 2006)
PAYMENT :
ABOVE AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 1,000,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.39000 = US$1
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*
================
1995
- Developed and introduced Polyethylene Purlins with ITRI (Industrial
Technology
Research
Institute).
- Started the production marketing.
1996
- Started marketing the Alcopla aluminum composite panel
internationally.
1998
- Worked with ITRI in developing fiber reinforced polystyrene.
- Developed and started marketing the Polypropylene welding rod.
- Researched and developed U-type cover of PP.
1999
- Developed fire protection layer in aluminum composite panel which is
sold worldwide.
2000
- Development of G-Bond which is sold with Polypropylene Purlins.
2001
- Developed and marketed LCD-TV/Monitor by Electronic Department.
16 May, 2003 -
Became listed on the Taiwan Stock Exchange - OTC Market.
*Company Name*
==============
Incorporated as :
XXENTRIA INDUSTRIES CO LTD
Date of incorporation : 9
September, 1994
Changed name to : XXENTRIA
TECHNOLOGY MATERIALS CO LTD
Date of change : May
2000
*Capital Details*
=============
Initial registered capital
: N/A
Capital increases as follows :
Date
Amount (NTD)
------ ---------------------
March 1995
75,000,000.00
September 1995
120,000,000.00
1997
160,000,000.00
1998
199,900,000.00
July 2000
320,000,000.00
December 2000
352,500,000.00
- 1,000,000,000.00
Initial paid-up capital :
NTD 50,000,000.00
Paid-up capital increase : NTD 762,557,340.00
Date of increase :
N/A
*Office & Facilities*
================
Size : 131sq
meters (Approx)
Location : Tainan
Hsien
Property status : Owned by
XXENTRIA TECHNOLOGY MATERIALS CO LTD
Type of building : Semi-residential Building
Other Contact Details
-----------------------------
Tel. nos. : 6-2300356 to 7 /
2300366 / 2397258 / 3300899 (Hunting
Line)
Fax no. : 6-2399198
Email : -
yang@xxentria-tech.com
-
vinance@xxentria-tech.com
-
xxentria@ms8.hinet.net
Previous Contact Details
---------------------------------
(1)
Address : 4Fl,
17, Alley 5, Lane 266, Shih Tung Rd, Shihlin Dist, Taipei City 111
Tel no. :
2-28324477
Fax no. :
2-28315462
(2)
Address : 48
Chung Cheng Rd, Tainan City
Tel no. :
6-2747027
Fax no. :
6-2252143
*Corporate & Organization Structure*
=============================
A large specialized company operated and managed by an experienced team
of professionals.
The company is listed on the OTC (Over-the-counter Exchange) but is
considered a "public company" belonging to the category of
"Shang gui" (Emerging Public companies).
*Factories, Size & Locations*
=======================
Building size : 2459 sq ft
(Approx.)
Location : Tainan
Hsien
Facilities : Modern
Property status : Owned by
XXENTRIA TECHNOLOGY MATERIALS CO LTD
Type of building : Industrial
Building
*Licenses & Permits*
=================
License number : 99659229
Date issued : 4 May 1995
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
*Registrar*
=========
MEGA SECURITIES CO LTD
Stock Market Code: 8942
*Industry Ranking*
===============
Generally regarded as one of the Top 5000 Companies in Manufacturing
Industry of Taiwan.
Details of rank are as follows:
Year Rank
------- ---------
2004 2067
2005 2085
2006 2000
*Sales Ranking*
=============
Generally regarded as one of the Top 5000 Companies in terms of sales.
Details of rank as follows :
Year Rank
------ ------
2006 1171
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
www.alcopla.com.tw the design is
professional and the content is well organized. At present it is in both
English and Chinese versions.
E-mail: service@xxentria-tech.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Shareholders' Name No. of Shares
-------------------------- -----------------
Mr. Hsien-sung Cheng 2,708,731
Mr. Hsien-teh Cheng 2,670,444
Mr. Ming-cheng Hsieh 1,395,753
Mr. Lung-shan Chiang 1,284,614
Mr. Kuo-chung Cheng 873,132
Mr. Tien-cheng Chen 681,491
Mr. Ching-chih Huang 422,256
Ms. Mei-tai Lu 154,360
Mr. Chin-ti Chen 39,057
Mr. Ting-chin Hsien 26,388
Management: Mr. Cheng-kuan Tsai,
Manager
Ms. Yun-fang Lee, Manager
Mr. Yen-hsu Chen, Manager
Name Nationality
Job Description Dept. / Division
Mr. Cheng-kuan Tsai Taiwanese Manager Administration
Ms. Yun-fang Lee Taiwanese
Manager Finance
Mr. Yen-hsu Chen Taiwanese
Manager Sales
Mr. Hsien-teh Cheng Taiwanese CEO -
Mr. Hsien-sung Cheng Taiwanese General Manager -
Mr. Yuan-hung Wang Taiwanese Manager -
Mr. Chi-huang Chen Taiwanese Vice General Manager -
*Key Personnel*
=============
(1)
Mr. Chi-huang Chen
Tel
: 6-2397666
Email
: michael@xxentria-tech.com
(2)
Mr. Hsien-teh Cheng
Resident status : Taiwan
Founder :
Co-Founder
Work experience : More
than 13 years
Responsibilities :
Handles the daily operation of the firm including all financials and legal
matters.
(3)
Ms. Yun-fang Lee
Tel
: 6-2397257
Email
: finance@xxentria-tech.com
*Main Products & Services*
=====================
Specializing in the following main areas of work:
1. Research and Development of polypropylene sheet, aluminum composite
panel.
2. Importing of raw materials / components for in-house OEM production
3. Manufacture of a wide range of galvanized steel composite panel, PP
sheet and other related products.
4. Export and domestic sales of its finished products.
Products also include:
- Alcopla - FR
- Alcopla - AD
- Alcopla - SP
- Alcopla - IR
- Alcopla - SS
- G-Bond
- PolyDiamon
- PP U-type cover
- PP welding roding
- Tile hanger
- Colormagic
Products: Aluminium composite panel
Composite
panels
Galvanized
steel
PE (polyethylene)
sheets
PP (polypropylene)
cover
*Brand*
======
Alcopla
Colormagic
G-Bond
Polydiamon
XTC
XXENTRIA
*Payment Terms*
=============
Sales
-------
Local : 30-90 days credit
Cash
Export : Letter of Credit (L/C)
Document against
Acceptance (D/A)
Telegraphic
Transfer (T/T)
Purchase
------------
Local : 30-90 days credit
Import : Letter of Credit (L/C)
Document against
Acceptance (D/A)
Telegraphic Transfer
(T/T)
Open account /DA
terms with settlement using Telegraphic Transfer (T/T)
*Quality Certification*
=================
Obtained the following certifications:
(1)
Type of certification : ISO 9002
Year of certification : 1997
(2)
Type of certification : ISO 9001
*Detailed Product Specifications*
==========================
(1)
Product : Alcopla
building materials
Specification : An innovative and versatile product, manufactured with
high technology and state-of-the-art
machinery,
operated by highly educational engineers in an ISO 9002 certified environment,
to
ensure we
can consistently supply unmatchable quality to rival among the leading
competitors
of
aluminum composite panels.
Features :
(a) Flexibility and versatility - Can be easily cut, bent, curved,
drilled, routed, punched, shaped and other
fabricated with
general wood and metalworking tools to fit any specific design
requirements.
- Can be designed for
large or small modules, flat or curved surface, a wide variety
of colors, several
types of joints and many other variation of shape, color and
sight lines.
- Can be utilized in wide
variety of applications such as exterior and interior walls,
signs, balconies and
canopies, column covers, clean room, elevator and escalator
enclosures, and other
applications.
(b) Safety and durability - It meets or exceeds the performance
requirements of various models building
codes of primary standards
worldwide.
- Has multifarious
advantages of perfect flatness, excellent strength to weight
ratio, noise
attenuation, heat insulation, resistance of high impact, moisture,
corrosion and
environmental pollutants, etc., are demonstrated best when applied
architecturally.
- The surface finished
coating will retain its color consistency and high
performance to shrug
off urban grime, acid rain, blistering sun, gelid gales and
win driven sand, no
matter what the varied severe weather conditions are.
(c) Cleaning and
Maintenance - Can be easily cleaned and maintained
by simply washing them with sponge or
a soft bristled brush
and a solution of mild detergent and water to restore the
panel's original
appearance.
(d) Affordability
- Best fit the bill after priced other architectural cladding materials.
- Best of choice to
give the combination of requirements as well as a distinct
economical alternative
to other architectural cladding materials.
(e) Recyclable - Obedient to the principles
of safest, overall recoverability, efficient and
environmentally
friendly product.
Applications :
- Architectural curtain wall,
- Door panels
- Column covers
- Beam wrap
- Hallway
- Signage
- Spandrel panels
- Interior decoration
- Ceilings
- Highway tunnels
- Fascia
- Elevator & escalator
- Auto bodies
- Cladding
- Balconies
- Canopies
(2)
Product : G-Bond
Specification : Made up of a
non-toxic polyethylene core bonded with two layers of 0.3mm galvanized steel
that is
treated with PVDF or Silicon Polyester coating on the top layer's surface. The
fabrication method is the same as its sister product-ALCOPLA. It is
easily routed, drilled, cut,
bent,
and curved with conventional woodworking tools at construction site.
(3)
Product : Colormagic
Specification : Aluminum
composite panels that are applied with PVDF coating. This product benefits
designers, architects and owners who now focus on the exterior color of
the buildings.
Customizes a minimum quantity of 1,000
square meters with the desired color.
*Competitors*
===========
The following locally based companies supply similar range of products :
- ALUBOND INDUSTRIAL CO LTD
- JYI SHYANG INDUSTRIAL CO LTD
- TILERON ENTERPRISE CO LTD
- TAIWAN BASIN INDUSTRIAL CORP
- ELITE ENTERPRISE CO LTD
*Production Capacity*
==================
Item :
Composite Panel
Maximum capacity : 2,500,000 (NTD 1,000/Amounts)
Current capacity : 1,897,539 (NTD 1,00/Amounts)
Year :
2006
*Projects*
========
(1)
The following projects are made in Taiwan:
- Taian Technology Building
- Taijpei Municipal Stadium
- Flytech Building
- Minfu Market
- Taipei County Government Building
- Amercian Time-Square
- Chilung Taipei Business Port
- Shin Kong Mitsukoshi (Shinyi road
- Shipai Police Office
- Chiang Kai-Shek International Airport R.O.C. (Phase 2)
- Taiwan Tobacco & Liquor Corp
- Yunlin Special Education School
- Chiayi Museum
- Southern Taiwan Science Park Administration Building
- Chi-Mei 4th Plant
- Chi-Mei 5th Plant
- Chi-Mei Automatic Storehouse
- Chi-Mei Third TFT-LCD Plant
- Chi-Mei L.C.M. FactoryBuilding B
- Tzuoying Train Station
- Radar Station at Military Camp
(2)
The following projects are made in India:
- Surya IT
- Divyashree Towers
- Millennium Towers
- Le Meridien
- DELL
- Manickchand Corporate Office
- Karunaasesh Office Building
(3)
The following projects are made in Malaysia:
- Npe
- Eon City Building
- MSI Building
- KIA MOTOR-Johor Bahru Project
- Wisma S.U.K.
- MIS Building
- Hong Kong & Shanghai bank
- UPM-PINTU8
- Dewan Shabariddin
- New Pantai Hi-way Toll Plaza
- Universiti Institute of Technologi MARA(UITM)
- Giant Hypermarket
- TNB Building Kuantanc
(4)
The following projects are made in USA:
- FARAH Building
- Gor Tower
- Laboratorios Toluca
(5)
The following projects are made in Mexico:
- CHURCH
- Bosoues
- Farah Sante Fe
- Curvic
- Mvc
- ShoeCenter
- Zentrum
- KMD Project
- Torre Qurvic Project
- Suco Project
- Aicon Tower
- World Plaza
(6)
Project name : Bp house
Location : Spain
(7)
Project name : Cyprus
Location : Turkey
(8)
The following projects are made in Israel:
- PAZ
- Alone Dor (oil and gas station)
- River Bank Hotel
- Top-Center
- Etm
- El-op
- Dagan
- Kanarit
- Condo Tower
- Electricity Co
(9)
The following projects are made in UAE:
- LE Meridian Hotel
- Fujerah Tower
- Debba
- Gargash Bldg
(10)
The following projects are made in Australia:
- Order A & B
- 124 Walker Street
(11)
The following projects are made in New Zealand:
- Ebert
- Easter Family
- City Garden A Partment & Stock
- 39 Apollo
- 31 Apollo
- NZ Safety
- 344 Rosedale Rd
- 42 Tarndale Grove
- 500 Tirakau
- 62 Paul Mathews
- 81 Cryers Rd
- Altura Coffee
- Birmingham Rd
- BMW
- Carfe Carwash
- Data Mail
- Fenwick
- Kalmia St
- Medlab
- Pocsche
- DHL
- 220 Bush Rd
- Athena
- Carbine Rd
- Crown Flooring
- Depuy Gabador Place
- Foundation Engineering
- NZ Fasteners
- Trevellyn
- Western Mailing
- Kiwi Apartments
- Harvard on Hobson
- Acc Te Rapa
- 331 Rosedale Bldg 3 & 4
- Nautilus Apartments
- 924 Pacific Highway
- Hobson
- Dillworth House
- 112 Bush Rd
- TNT Office Auckland International Airport
- No.1 Queen St, Auckland CBD
- No.1 Rlobson Street
- 525 Rosebank Rd.
- Dimock Warehouse
- Sky City Casino
- Bp House
- FREIGHT PROPERTIES LTD
- New World-Palmerston North
- Porsche
- Arney Crescent
- Roofing Application
*Awards*
========
Award : Won a prize for
Rising Star Award
Awarded by : Small and Medium
Enterprise
Administration : MOEA
Year : 2001
Details : Aluminum
Composite Panel
*Domestic Raw Materials Suppliers*
============================
Major local suppliers include:
(1)
Company name : - CS
ALUMINIUM CORP
- SHENG YU STEEL CO LTD
Material/components : Aluminum, Rolled Steel
(2)
Company name : - COIN
CHEMICAL INDUSTRIAL CO LTD
- USI CORP
- FORMOSA PLASTICS CORP
Material/components : PE plastic elements
(3)
Company name : - YUNG
CHI PAINT & VARNISH MFG CO LTD
- INTERNATIONAL PAINT (TAIWAN) LTD
- PPG INDUSTRIES INT'L INC - TAIWAN BRANCH (USA)
Material/components : Paint
*Local Distribution Network*
=====================
An estimated 10% of the annual turnover is attributed to local
sales.
*Export Markets*
=============
An estimated 90% of the annual turnover is attributed to export.
*International Trade Ranking*
=======================
The firm has been ranked among Taiwan's Top Importers/Exporters based on
the standard measured by the
Board of Foreign Trade (BOFT)
Details of rank are as follows :
Year Rank
----- ------
2003 2419
2004 1791
2005 1254
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : XXENTRIA INT'L (BVI) CORP
Country : Virgin Islands (British)
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : XXENTRIA INT'L (USA) CORP
Address : Unit 4, 3086 Route 27 Kendall Park Kendall Park 08824 New
Jersey USA
Country : USA
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Construction & Construction Materials
Company Name : XXENTRIA TECHNOLOGY MATERIALS CO LTD (INDIA)
Address : D-308 Crystal Plaza Newlink Rd Andheri Mumbai (Bombay) 400053
Maharashtra India
Country : India
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Construction & Construction Materials
Company Name : XXENTRIA TRADING (GUANGZHOU) CO LTD
Address : 555 Renmin Rd Guangzhou 510620 Guangdong China
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Construction & Construction Materials
*Strategic Partners & Alliances*
=========================
Group name : DONG
SHIANN Group
Group members : - DONG
SHIANN CO LTD
- HSUAN CHOU SO LTD
- XXENTRIA INDUSTRIES CO LTD
- XXENTRIA TECHNOLOGY MATERIALS
CO LTD
Details
: Serves as EConsultant & Main contractor of Electricity and Water
engineering.
PAYMENT RATING : 2 OBTAINED SCORES : 76
|
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
FAIRLY LARGE amounts depending on individual judgement experience.
*Bank Details*
============
Bank name : HUA NAN
COMMERCIAL BANK LTD
Branch : Tainan
Account number : 64051001817-6
Swift code : HNBKTWTP
Balance Sheet
Currency : NTD
Denomination : In Thousand
2002 2003 2004 2005 2006
-----------------
-----------------
-----------------
-----------------
-----------------
Current Assets 295,768 493,582
734,110 705,806 819,058
Funds & long-term investments
20,174
64,564 160,209 193,859 183,418
Property 372,315 371,108 524,368 519,979
611,977
Other Assets 4,264 55,001 31,787 13,651
12,981
Total Assets 692,521 984,255 1,450,474 1,433,295
1,627,434
Current Liabilities (Before)
211,743
217,940 382,050 592,801 405,540
(After) 223,245 261,522
399,699 677,288 -
Long-term Liabilities 89,409 328,135
508,669 57,590 52,046
Other Liabilities 4,514 5,630 19,179 19,199
18,164
Total Liabilities (Before) 305,666 551,705
909,898 669,590 475,750
(After) 317,168 595,287
927,547 754,077 -
Common stock 352,500 359,550
450,939 522,729 644,257
Capital Reserve 9,750 9,750 92,244
125,094 289,778
Retained Earnings (Before)
24,732
63,914 46,606 161,361 218,983
(After) 6,180 12,587 21,145 33,199 -
Income Statement
Currency : NTD
Denomination : In Thousand
2002 2003 2004 2005 2006
-----------------
-----------------
----------------- ----------------- -----------------
Operating revenue 387,742 709,741
1,070,829 1,107,547 1,220,589
Gross Profit 88,230 145,626 170,282 319,098 362,278
Operating Income 40,331 88,188 86,319
183,686 229,029
Non-operating income 316 323 579 2,735 4,408
Non-operating expense
13,347 12,474 14,002 19,500 10,446
Earnings (losses) per share (After)
0.48 1.3 0.69 2.58 3.07
*Financial Ratios*
==============
2002 2003 2004 2005 2006
-----------------
-----------------
-----------------
-----------------
-----------------
Ratio of liabilities to Assets % 44.14
56.05 62.73 46.72 29.23
Ratio of long-term capital to
fixed Assets% 127.92 205.10 200.10 157.95 196.70
Current ratio% 139.68 226.96 192.15 119.06 201.97
Quick ratio% 69.68 159.48 128.69 68.34 102.94
Interest coverage 3.00 8.00 3.00
9.00 22.00
Turnover of receivable (times) 4.28 5.41 5.75
4.92 5.08
Average collection period
of
receivable
85.00 67.00 66.00 74.00 72.00
Turnover of inventories (times) 2.75
4.29 5.05 3.05 2.52
Average days of sales 133.00 85.00 72.00
120.00 145.00
Turnover of fixed assets (times) 1.04
1.91 2.04 2.13 1.99
Turnover of total assets (times) 0.56
0.72 0.74 0.77 0.75
Return on total assets% 4.82 8.00 3.66
10.74 12.65
Return on shareholder's Equity%
5.49 14.09 6.99 21.50
19.40
Operating Income 11.44 24.38 19.14
35.14 35.55
Net Income before tax 7.61 22.80 8.43 30.07 33.52
Profit margin% 5.44 8.13 3.18
12.66 15.22
Retroactive 0.48
1.30
0.69 2.58 3.07
Cash flows ratio% - 14.30 -
34.62 19.33
Cash flows adequacy%
24.54 42.71 2.03 22.03 25.13
Cash reinvestment ratio% - 2.41 -
19.38 -
Degree of operating leverage
1.41 1.19 1.21 1.18 1.16
Degree of financial leverage 1.49 1.16
1.19 1.12 1.05
*Accountants*
============
KPMG, CPA's
*Financial Summary (Currency: U.S. $'s)
=============================
Year Sales Assets Net Income
2002 $11,145,214.14 $19,905,748.78 n/a
2003 $20,465,426.76 $28,381,055.36 n/a
2004 $32,205,383.46 $43,623,278.20 n/a
2005 $34,993,586.10 $45,285,781.99 $4,966,729.86
2006 $36,898,095.53 $49,196,916.57 $5,616,082.22
*Int´l Trade Activity (Currency: U.S. $'s)
=============================
Year Imports Exports Total
2004 $5,214,694.02 $13,948,512.00 $19,163,206.02
2005 $2,553,006.00 $26,713,944.01 $29,266,950.01
2006 $4,000,000.00 $39,000,000.00 $43,000,000.00
SC is considered medium-sized in its line with a 13 years development
history; a credit line up to USD 1,000,000 appears to be within SC’s
capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3089 Plastics
products,
Exporting 3353 Aluminum
sheet, plate, and foil, rolled or drawn
Exporting 3400 Fabricated
Metal Products
Exporting 5162 Plastics
Mat'ls/Basic Forms
Manufacturing 3334 Aluminum
and aluminum alloys, unwrought
Manufacturing 3353 Aluminum
sheet, plate, and foil, rolled or drawn
Manufacturing 3400 Fabricated
Metal Products
Manufacturing 3499 Fabricated
metal products,
Manufacturing 5039 Construction
Materials, NEC
Manufacturing 5162 Plastics
Mat'ls/Basic Forms
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3920300000 Other plates, sheets, film, foil & strip, of plast,
noncelluar, & not reinforcd,
laminated,
supported or combind with oth mat, of polymers of styrene
Exporting 3920620000 Plates, sheets, film, foil & strip, noncelluar, not
reinforced, laminated, combined,
of
polyethylene terephthalate
Exporting 7200 Iron
& steel
Exporting 7225300000 Flat-rolled other alloy steel, 600mm or more wide, not further
workedthan hot-
rolled,
in coils
Exporting 7225990000 Flat-rolled alloy steel not stainless, 600 mm or more wide
Exporting 7326 Articles
of iron or steel
Exporting 7606920010 Circles and discs of aluminum alloys ov 6.3mm thck
Importing 3208100000 Paints and varnishes (incl enamels & lacquers) based on
synthetic polymers, etc
in
a non-aqueous medium, based on polyesters
Importing 3506910000 Adhesives based on rubber or plastics (including artificial
resins) for use as
adhesives,
put up for retail sale as adhesive, nt exceed net wt of 1 kg
Importing 3915100000 Waste, parings and scrap, of plastics; of polymers of ethylene
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer PE (polyethylene)
sheets
Manufacturer Polypropylene
sheets
Manufacturer Galvanized
steel
Manufacturer Composite
panels
Manufacturer PP (polypropylene)
welding rod
Manufacturer PP (polypropylene)
cover
Trader Polypropylene
sheets
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Australia
Exporting to Brazil
Exporting to Canada
Exporting to Europe
Exporting to France
Exporting to Greece
Exporting to India
Exporting to Indonesia
Exporting to Iran
Exporting to Israel
Exporting to Italy
Exporting to Malaysia
Exporting to Middle East
Exporting to New Zealand
Exporting to Nigeria
Exporting to Oceania
Exporting to Qatar
Exporting to Romania
Exporting to Saudi Arabia
Exporting to Sudan
Exporting to Thailand
Exporting to UAE
Exporting to USA
Exporting to Venezuela
Importing from Asia
Importing from Canada
Importing from China
Importing from Europe
Importing from Israel
Importing from Italy
Importing from Middle East
Importing from North America
Importing from Poland
Importing from South Korea
Importing from USA
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%)