MIRA
INFORM REPORT
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Report Date : |
10.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
TAIWAN HON CHUAN ENTERPRISE CO LTD |
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Formerly Known as : |
HON CHUAN ENTERPRISE CO LTD |
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Registered Office : |
Taichung Industrial Park 6, 2nd Rd Hsitun Dist Taichung City 407 |
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Country : |
Taiwan |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
15.07.1969 |
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Com. Reg. No.: |
58176511 |
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Legal Form : |
Public Listed Company |
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Line of Business : |
Research and Development of technologies related to packaging
products. Importing of raw materials. Manufacturing of various types of
packaging 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 : |
USD 5,000,000 |
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Status : |
Excellent |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
TAIWAN
HON CHUAN ENTERPRISE CO LTD
TAICHUNG INDUSTRIAL PARK 6, 2ND RD
HSITUN DIST TAICHUNG CITY 407, TAIWAN
TEL: 886-4-23590088 FAX: 886-4-23590086
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 15, 1969
REGISTRATION NO. :
58176511
LEGAL FORM :
PUBLIC LISTED COMPANY
CHIEF EXECUTIVE :
MR. KEITH HUNG-CHUAN TAI (CHAIRMAN)
STAFF STRENGTH :
759
CAPITAL :
US$ 68,322,981
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NTD 3,700,175,000 (AS OF 2007)
EQUITIES :
NTD 4,281,133,000 (AS OF 2007)
PAYMENT :
EXCELLENT
RECOMM. CREDIT RANGE : UP TO
USD 5,000,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION :
FAIRLY GOOD
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
WELL-KNOWN
EXCHANGE RATE :
TWD 33.4680 = 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
*OTHER LICENSE*
===============
License Number : 70849247
Date of Registration : 15 May, 2006
Issuing Authority : Ministry of Economic Affairs
*Company History*
=================
July 1969 -
Established in Chung Hwa, Taiwan.
1976 to 1980 - Started
manufacturing sucker cap products.
April 1982 - Moved
factory Chuan Hwa Sho Shui.
1983 -
Started manufacturing shrink label to supply the market.
1984 - Became
the unique manufacturer of aluminum cap and shrinkable label. Products had been
approved by international beverages companies such as COCA-COLA, 7-UP
and PEPSI COLA.
1987 - Head
factory was constructed in Taichung Industrial Park.
1988 - Head
factory was removed to Taichung and prepared to build five floors plant.
Imported high
speed equipment of aluminum cap manufacturing from Italy and high speed
concave printing
machine from England for assembling line.
1991 -
Imported automatic computer control equipment and started manufacturing safety
button cap
to supply the market.
August 1992 - Purchased
and started constructing the second factory in Taichung.
1993 -
Imported automatic manufacturing equipment for deluxe aluminum closure with PE liner for
the use of deluxe wine.
Autumn of 1993 - Imported
automatic recycling function equipment from Europe for printing metal. Taichung
factory
started its operations.
Spring of 1994 - Imported
technique and equipment for producing Bioriented polyolefin shrink film from
Europe.
-
Imported technique and equipment for producing PET plastic cap of American
patent which has
the mass production of 200,000,000
per year.
July 1994 - Built can
ends line in the second factory of Taichung.
May 1995 - Formal
mass-produce cap business and started manufacturing 206D Ring Pull Cap Aperture
Cap.
- CHINA INVESTMENT & DEVELOPMENT CO LTD
and CHINA DEVELOPMENT
CORP joined as new shareholders.
August 1996 - HSBC PRIVATE
EQUITY MANAGEMENT LTD of Hong Kong from HSBC Group joined as
new shareholder.
October 1996 - Former
Chairman Ching-chi Tai retired succeeded by Keith H. C. Dai who was elected by
the
shareholders.
1998 - Set up
the packaging material plant for electronic component.
24 July, 2006 - One aseptic
beverage production line and two refrigeration beverage production lines
invested by
the
company received a 10-year production contract with Uni-President
*Company Registration*
====================
License number : 58176511
Date issued : 15 July,
1969
Issuing authority : Ministry of Economic Affairs (MOEA)
Branch registration
--------------------------
License number : 70849247
Date issued : 15 May,
2006
Type of license : Taichung
branch license
*Company Name*
===============
Incorporated as :
HON CHUAN CO LTD
Date of incorporation : July
1969
Changed name to : HON
CHUAN ENTERPRISE CO LTD
Date of change :
April 1982
Changed name to :
TAIWAN HON CHUAN ENTERPRISE CO LTD
Year of change :
1988
*Capital Details*
=============
Initial registered capital :
NTD 600,000.00
Capital increases as follow:
Date Increase (NTD)
------ --------------------
April 1982
12,000,000.00
1986 54,000,000.00
1991
189,000,000.00
1993 400,000,000.00
July 1994
460,000,000.00
1995 529,000,000.00
August 1996
608,350,000.00
August 1997 638,767,500.00
1998 670,705,880.00
1999 704,241,170.00
2000 788,750,110.00
2001 987,343,870.00
- 1,870,000,000.00
- 2,200,000,000.00
Initial paid-up capital :
NTD 1,620,245,170.00
Capital increase :
NTD 1,943,155,150.00
Date of increase : N/A
*Licenses & Permits*
================
(1)
License number : 9966996200
Date issued : 7
January, 1988
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(2)
License number : 9966996300
Date issued : 21 July,
1993
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(3)
License number : 90C0002301
Date issued : 29
December, 2006
Issuing authority : Industrial Development
Bureau, MOEA
Type of license : Factory
license
*Office & Facilities*
================
Size :
36,640 sq meters (Approx)
Location : Taichung
city
Property status : Owned by
TAIWAN HON CHUAN ENTERPRISE CO LTD
Type of building : Commercial & industrial mixed building
Comment : Serve as
office and factory
Other Contact Details
-----------------------------
Fax number : 4-23596882
Email add :
thc888@ms18.hinet.net/ abura@mail.honchuar.com.tw
*Factories, Size & Locations*
=======================
Factory 2
-------------
Size :
20,090 sq. meters (Approx.)
Location :
Taichung Hsien
Property status : Owned by
TAIWAN HON CHUAN ENTERPRISE CO LTD
Type of building : Industrial
building
*Industry Ranking*
================
(1)
Ranked among Taiwan's largest manufacturing corporations.
Detail of rank
Year Rank
---- ------
1992 887
1998 771
2000 794
(2)
Generally regarded as one of the Top 1000 Companies in Manufacturing
Industry of Taiwan.
Details of rank are as follows:
Year Rank
------- ---------
1999 757
2000 809
2001 664
*Sales Ranking*
============
Details of rank are as follows:
Year Rank
------ -------
2000 794
2001 700
2002 595
*Awards*
========
(1)
Award : Excellent
Importer/Export
Awarded by : Economical
Department
Details : Have been
awarded every year since 1985.
(2)
Award : Golden Dragon
Award
Year : 1991
Details : Honored for
the precise machinery.
(3)
Award : Series of
award in outstanding management, product development, exportation
and
automation industry.
Year : 1995
(4)
Award : Excellent
Quality Award
Awarded by : COCO-COCA CO
Date : July, 1996
Details : Approved and recognized for their
plastic cap manufactured products.
*Accountants*
===========
DELOITTE TOUCHE TOHMATSU
*Registrar*
=========
GRAND CATHAY SECURITIES CORP
www.honchuan.com.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: honchuan@ms13.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: 10
Total number of shares: n/a
Shareholders Country Number Amount %
Mr. Jung-chang Liu Taiwan n/a n/a n/a
Mr. Hung-yu Tsao Taiwan 4,477,521.00 n/a n/a
CHINA DEVELOPMENT Taiwan
2,642,286.00 n/a n/a
INDUSTRIAL BANK INC
Mr. Hung-yi Tai Taiwan 2,633,924.00 n/a n/a
Ms. Chun-shu Chang Taiwan 2,358,358.00 n/a n/a
Mr. Hsih-chung Tsao Taiwan 2,095,341.00 n/a n/a
Mr. Chuan-nei Lin Taiwan 1,926,738.00 n/a n/a
Mr. Keith Hung-chuan Tai Taiwan 1,378,863.00 n/a n/a
Mr. Johnson Yung-chang Liu Taiwan 471,221.00 n/a n/a
Mr. Chun-chih Lin Taiwan 61,272.00 n/a n/a
Management: Ms. Su-fen Lee,
Manager
Mr. Chen-chia Yu, Vice President
Mr. Chung-hsi Chuang, Manager
Name Nationality
Job Description Dept. / Division
Ms. Su-fen Lee Taiwanese
Manager Account
Mr. Chen-chia Yu Taiwanese
Vice President Engineering
Mr. Chung-hsi Chuang Taiwanese
Manager Finance
Mr. Sen-yuan Lai Taiwanese
Manager Sales
Mr. Wen-hua Tseng Taiwanese
Manager Sales
Mr. Wen-pin Pai Taiwanese
Vice President Sales & Marketing
Mr. Chin-hsiung Lee Taiwanese
Assist. Manager -
Mr. Chin-tuan Wang Taiwanese
Assist. Manager -
Mr. Ching-chuan Yen Taiwanese
Assist. Manager -
Mr. Huang-tsun Lin Taiwanese
Assist. Manager -
Mr. Johnson Yung-chang Liu Taiwanese
Executive Vice President -
Mr. Hsih-chung Tsao Taiwanese
General Manager -
Mr. Yu-yu Tsao Taiwanese
Supervisor -
14 Mr. Chuan-nei Lin Taiwanese Vice General Manager -
15 Mr. Hung-lung Hsieh Taiwanese Vice General Manager -
16 Ms. Ya-wen Cheng Taiwanese
Vice President -
*COMPANY DIRECTORS*
======================
1
Name : Mr. Hung-yi Tai
Nationality : Taiwanese
2
Name : Mr. Keith Hung-chuan Tai
Nationality : Taiwanese
3
Name : Ms. Ya-wen Cheng
Nationality : Taiwanese
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Research and Development of technologies related to packaging
products.
2. Importing a wide range of raw materials.
3. Manufacturing of various types of packaging products.
4. Selling to both domestic and
international markets.
Engaged in providing total packaging solution which specialized in
manufacturing, importing and exporting the following products:
- Plastic cap for carbonated drink, mineral water and hot-filling drink
- Diversified aluminum closure for beverage, pharmaceutical and liquor
industry
- Easy open can end and lid
- Metal lug closure for twisting on/off application
- Battery can and pressed-foaming precision parts
- Polyolefin (POF) film
- LDPE film
- OPP colorful label
- PVC shrinkable colorful label
- PE foamed liner
- Cap sealing machine
- Film shrinking machine
- Crystallized neck-finish PET perform
- Crystallized neck-finish PET bottle for beverage
Products: Aluminum caps
Aluminum
closures
Aluminum cap
seals
Auto cup sealing
machines
Automatic L-sealer
machine
*Payment Terms*
=============
Sales
------
Local : 30-60 days credit
Export: Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
Local : 30-60 days credit
Import: Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Exhibition Participation*
===================
Exhibition fair : Taipei
International Packaging Industry Show 2004
Date attended : 14-18 May, 2004
Location : Taipei
World Trade Center - Exhibition Hall
*Competitors*
============
The following locally based firms supply similar range of
products/services :
- LAM SOON INDUSTRIES INC
- CHIN YI CAN & BOTTLE SEALS MFG CO LTD
- EVERHARVEST COATING CO LTD
- JET POINT ENTERPRISE CO LTD
- WANG YIH ALUMINUM CO LTD
*Domestic Customers*
==================
Major local customers include:
Year: 2000
Company name
Annual sales (NT$)
----------------------
--------------------------
SWIRE COCA-COLA TAIWAN LTD 59,103,000
TAIWAN PEPSI-COLA BOTTLING CO LTD N/A
YOUNG ENERGY SOURCE CO LTD 124,760,000
UNI-PRESIDENT ENTERPRISE INC 70,157,000
HEY-SONG CORP
52,482,000
PAOLYTA CO LTD
50,231,000
YUASA-DEL TA TECHNOLOGY INC 42,994,000
AGV PRODUCTS CORP 39,270,000
TAIWAN CANNED FOODS CORP 36,919,000
SAN YO PHARMACEUTICAL INDUSTRIAL CO LTD 36,887,000
*Machinery & Equipment*
======================
- Uses top inspection equipment for the production of new material of
packaging.
- Maintains an advanced equipment from Europe, Canada and USA, which are
all automatic and used for PET Bottle (crystallized neck for hot filling)
production.
- High-speed equipment of aluminum cap manufacturing from Italy
- High-speed concave printing machine from England
- Automatic computer control equipment (for safety button cap)
- Automatic manufacturing equipment (for deluxe aluminum closure with PE
liner for the use of deluxe wine)
- Automatic recycling function equipment from Europe (for printing
metal)
- Complete automation equipment of cutting
- Advanced equipment for printing dual-color metal
- Complete automation production line on roll of pilfer-proof caps
- Automatic produce line of easy open can ends
- Complete automation production line on metal lug caps of safety button
- Advanced rolling-cylinder print machine
- Automatic production line of plastic cap
- Bioriented polyolefin shrink films of production line
*Production Capacity*
=================
as of 2007
Item
Maximum Capacity (pcs)
Current Capacity (pcs)
-------
--------------------------------- ------------------------------
Aluminum caps
740,520,000
602,621,000
Label 1,128,000,000 855,843,000
Metal Lug Cap 165,750,000 105,927,000
Plastic caps 2,880,000,000 2,059,783,000
Membrane 1,307,000 965,000
PET bottles 662,310,000 511,984,000
Electronic Parts 75,600,000 30,029,000
Battery 158,875,000 11,657,000
Plastic bottles 57,024,000 6,666,000
Beverage OEM
205,440,000 90,161,000
Packaging Materials of
Tobacco -- 2,632,793,000
Others
-- 133,234,000
*Detailed Product & Specifications*
==========================
Products are classified into three (3) categories, namely:
A. Metal Products
--------------------------
(1)
Product : Easy Open Can Ends (200RPT, 200SOT, 206RPT, 206SOT,
209FOE, 300FOE)
Application : Used in canned foods and canned beverage
such as juice, coffee, milk, teas and mixed congee.
Quality : Made under full-closed plant, facilities
without dusts and bacteria, hing-speed, complete automation and integrated
operation. Steady quality and safety.
(2)
Product : Deluxe aluminum
closure with PE liner
Application : Used in the glass
bottle finished in 28mm,30mm and 31.5mm
(3)
Product : Aluminum
closures
Application : Used for beverages
and carbonated drink closures for the 28mm bottle finished in PET and glass.
Specification : Made of aluminum
alloy sheet, with elongate resistance.
Quality : Stabilized
production line is in fully closed plant.
(4)
Product : Metal lug caps with safety button
Main type : RTB & RTO
Sizes : 30, 38,
48, 58, 63, 66, 70, 82mm diameter
(5)
Product : Aluminum
cap seal for IV injection bottles
Application : Used for
pharmaceutical injection.
(6)
Product : Aluminum
cap for Chicken Essence
Application : Used in
chicken essence, healthy beverage or pharmaceutical usage.
(7)
Product : Open
Pull Caps
Features : Easily
handling by all ages.
Materials are aluminum, which is in sanitary and stainless.
Sealed and tightly locked in the bottle lip.
(8)
Product : Battery
can & accurate electronic parts
Types : Any kinds of pressing, and deep
drawing parts such as battery can and safety valve.
B. Plastic Products
--------------------------
(1)
Product : Plastic
cap
Application : Used for
carbonated drink & water and hot fill drink.
Sizes : 28,
38 and 45mm
Quality : Had
been approved by COCO-COLA and PEPSI-COLA INT'L to supply their bottlers.
(2)
Product : PET
Bottle (Crystallized neck for hot filling)
Application : Used in
hot filling or pasteurized beverage in high temperature
Types :
Crystallized neck-finish PET perform
Crystallized neck-finish PET for beverage
Quality : Made
in the closed, dust-free and anti-electric static clean room to ensures the
stabilized quality and sanitary in constant temperature and moisture
control.
(3)
Product : LDPE
Shrink Films for multipacks
Application : Used for
storage in refrigerator or icy water.
Features : Strong
and durable for packing and can be stored in factory, warehouse and retailer,
which is anti-corrosion.
(4)
Product :
Bio-oriented polyolefin shrink film HC-3 pattern
Application : Used in
book, toys, disc, cassettes, cosmetic, foodstuffs, etc.
Type : Flat
or center-folded
(5)
Product : PVC
Shrinkable colorful label
Application : Used to
pack for carbonated drink, mineral water, chemical stuff, food, instant noodle
and medicine, etc.
(6)
Product : OPP
clear/white base colorful label
Application : Used in
mineral water, carbonated drink, oils, juice, chemical stuff, dairy, etc.
(7)
Product : Deluxe
cap seal with tear line
Application : Used for
packing in wine, soy, eatable oil, beverage, chemicals, cosmetics, medicine and
seasonings.
Features : The
fully closed deluxe capsule is through colorful printing and embossing, to
enhance the state-of-the-art and the value of product.
Cap or mark can be done on the capsule.
Easily torn off by vertical and L-type direction.
(8)
Product : PVC
colorful shrink label bag
Application : Used to
pack for soy, beverage, oils, foodstuff and juices.
(9)
Product : PE
foaming sheet for bottle cap liner
Application : Used as liner
for any kind of cap and container and also liner packing for machinery and
industry use.
Thickness : 0.6mm -
3mm, diameter : 5mm - 150mm
Length & width : not more
than 500m
(10)
Products Applications
------------ ------------------
Transparence anti-static bag
Used in electronic products and TFT-LCD module package.
Conductive net bag Used to host board, interface card
Metal bag Used
to host board, interface card and semiconductor allied components
Blue & pink anti-static bags Used to electronics and communication products.
Vacuum metal
bag Used to semiconductor allied
components and relative PC board.
Vacuum aluminum
foil bag Used to
semiconductor and relative components, high-level PC board.
Released film Used to PCB
Plastic board Used to PCB
Spacer Used to TFT-LCD
barrier board
C. Machine Products
-----------------------------
(1)
Product : Cap
sealing machine
Application : The plastic cap, aluminum closure and
pull open cap is applied in the series of machinery which is suitable for the
product, like carbonated drink, mineral water, beverage, medicine, alcohol and
chemical product.
Type Series for
----- -------------
A Aluminum closure
A-1 Flip off cap
B Aluminum closure
C Aluminum closure
D Open pull cap
E Plastic cap
Specifications :
Model Machine Power Output Weight Sealing Sealing Packing
dimension required height diameter
----------------------------
(LxWxH)
Weight Size(LxWxH)
A Type 60cmx31cmx77cm 1/4HP
25pcs/min. 83kg 40m/m 10m/m-
27kg 69cmx39cmx93cm
190m/m 110m/m
B Type 60cmx31cmx93cm 1/4HP
20pcs/min. 86kg 40m/m- 10m/m- 29kg 69cmx39cmx109cm
360m/m 110m/m
C Type 60cmx31cmx97cm 1/4HP
20pcs/min. 89.5kg 40m/m-
10m/m- 30kg 69cmx39cmx113cm
400m/m 110m/m
D Type 60cmx31cmx97cm 1/4HP
20pcs/min. 89.5kg 40m/m-
10m/m- 30kg 69cmx39cmx113cm
300m/m 110m/m
E Type 60cmx31cmx97cm 1/4HP
20pcs/min. 89.5kg 40m/m-
10m/m- 30kg 69cmx39cmx113cm
400m/m 110m/m
(2)
Product : Heating
shrinking machine
Application : Used in
food, fruit, salty stuff, toy, medicine, hardware, and daily necessity.
Specifications :
Type 4015-1RST 4520-RST
Voltage
220V1
220V1
Power
5kw
7.5kw
Temperature 0-230degree
Celsius 0-230degree Celsius
Speed
0-10M
0-10M
Shrink Oven Size
400Wx150H
450Wx200H
Machine Size
1200x600x950mm
1330x650x1010mm
(LxWxH) (LxWxH)
Weight
NW72kg/GW120kg
NW80kg/GW140kg
Cu ft 34" 42"
(3)
Product :
Automatic L-sealer machine
Application : Used for
packing in material by OPP, PP, PE, POF or other plastic material.
Machine parts : Control
panel, film scrap takes up drum, sealing frame dimensions, film loader, and
safety installation and sealing bar ared, molding board, emergency safety
switch button, safety cover, product sensor, handle for adjusting width, handle
for adjusting height, air tube for easy feeding, and in feed conveyor.
Specifications :
Type LA-500
Size of L Sealer frame
450x500mm
Packaging capacity
20PPM Max.
Maximum product height
10-120mm
Power source
1-ph 220V
Heating 13KW
Machine size(LxWxH)mm
1500x860x1400mm
*Quality Certification*
==================
(1)
Type of certification : ISO 9002
Issuing authority : SGS
Date of certification : October 1996
(2)
Type of certification : ISO 9001
(3)
Also obtained international approval certification from:
- COCA-COLA CO
- PEPSI-COLA CO
*Local Distribution Network*
=====================
93% of the annual turnover is attributed to local sales through
agents.
*Export Markets*
=============
Approximately 7% 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
----- ------
1997 1474
2001 1851
2002 1223
2003 1167
2004 0973
2005 1496
2006 1120
2007 1714
*RELATED PARTIES (Subsidiaries, Joint-ventures & Affiliates)
===============================================
Company Name : CHIYODA OPTOTRONIC CO LTD
Address : Taichung Industrial Park 10-1, 3rd Rd Hsitun Dist Taichung City
407 Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Plastics & Products
Company Name : HON CHUAN (ASIA) HOLDING LTD
Country : Samoa
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : HON CHUAN (CHINA) HOLDING LTD
Country : Cayman Islands
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : HON CHUAN (INDONESIA) CO LTD
Country : Indonesia
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Packaging
Company Name : HON CHUAN (JINAN) CO LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Packaging
Company Name : HON CHUAN (NINGBO) CO LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Packaging
Company Name : HON CHUAN (TAIYUAN) CO LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Packaging
Company Name : HON CHUAN (THAILAND) CO LTD
Country : Thailand
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Packaging
Company Name : HON CHUAN (VIETNAM) CO LTD
Address : Vietnam-Singapore Industrial Park 8 VSIP St 11 Thuan An Dist
Binh Duong Vietnam
Country : Vietnam
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Packaging
Company Name : HON CHUAN ASIA HOLDING CO LTD
Country : Cayman Islands
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : HON CHUAN ENTERPRISE (CHANGSHA) CO LTD
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Machinery
Company Name : HON CHUAN ENTERPRISE (SUZHOU) CO LTD
Address : Luzhi Economic Development Zone 38 Yin Bin Rd Luzhi Wushien
Suzhou 215127 Jiangsu China
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Packaging
Company Name : HON CHUAN HOLDING LTD
Country : Samoa
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : HON FU (THAILAND) CO LTD
Country : Thailand
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : HON HSIN (SUZHOU) CO LTD
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : HON HSIN HOLDING LTD
Country : Samoa
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
Company Name : KAI GANG INDUSTRIES LTD
Address : Suite 2303-7 East Asia Aetna Tower 308-320 Des Voeux Rd
Central Hong Kong Hong Kong
Country : Hong Kong
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Packaging
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Maintains factories in Suzhou, Changsha, Taiyuan, Jinan , Ningbo.
PAYMENT RATING : 1 OBTAINED SCORES :
90
|
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.
*Financial History*
===============
July 1995 - Increased the assets to NTD529,000,000.00
*BANK DETAILS*
=================
Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Hsitun Dist,Taichung City
Branch Address : 1-16 Taichung Kang Rd Section 2
SWIFT Code : CCBCTWTP
Bank Name : FARMERS BANK OF CHINA
Branch : Chungshan Dist,Taipei City
Branch Address : 85 Nanking East Rd Section 2
SWIFT Code : FBOCTWTP
Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Hsitun Dist,Taichung City
Branch Address : 1-2Fl, 78-2 Taichung Port Rd
SWIFT Code : ICBCTWTP
Bank Name : LAND BANK OF TAIWAN
Branch : Hsitun Dist,Taichung City
Branch Address : 4 Wen Hsin Rd Section 3
SWIFT Code : LBOTTWTP
Balance Sheet
Currency : NTD
Denomination : In Thousands
2006 2007
----------------
-------------
Current Assets 1,501,030 1,791,410
Funds & long-term investments 1,366,673 1,499,374
Property
2,779,468 2,934,874
Other Assets
103,747 101,962
Current Liabilities
(Before)
1,464,178 1,031,973
(After) 1,652,779 1,031,973
Long-term Liabilities 672,523 921,770
Other Liabilities 57,779 92,744
Common stock 1,657,149 1,900,064
Capital Reserve 886,023 1,146,023
Retained Earnings (Before) 992,621 1,043,858
(After)
761,105 1,043,858
Total Assets
5,750,918 6,327,620
Total Liabilities (Before) 2,194,480
2,046,487
(After)
2,383,081 2,046,487
Total Shareholder's Equity (Before) 3,556,438 4,281,133
(After) 3,367,837 4,281,133
Income Statement
Currency : NTD
Denomination : In Thousands
2006 2007
---------------- -------------
Operating revenue 2,993,214 3,700,175
Gross Profit 699,550 739,142
Operating Income 430,601 371,345
Non-operating income 29,990 58,052
Non-operating expense 139,928 70,193
Net Income
320,663 282,753
Earnings (losses) per share (After) 1.89 1.5
*Financial Ratios*
==============
2006 2007
----------------
-------------
Ratio of liabilities to Assets % 38.20 32.30
Ratio of long-term capital to
fixed Assets %
152.20 177.00
Current ratio % 102.50 173.60
Quick ratio %
72.10 110.70
Interest coverage 7.82 9.24
Turnover of receivable (times) 5.00 5.08
Average collection period of receivable 79.00 72.00
Turnover of inventories (times) 5.85 6.10
Turnover of expense (times) 12.00 13.10
Average days of sales 62.00 60.00
Turnover of fixed assets (times) 1.08 1.26
Turnover of total assets (times) 0.50 0.60
Return on total assets % 5.60
4.50
Operating Income 26.00 19.50
Net Income before tax 19.40 18.90
Profit margin % 10.70 7.60
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
2000 $415,552,099.53 $75,402,923.79 $7,415,832.04
2001 $42,315,177.02 $71,491,613.46 $5,426,001.16
2002 $54,983,012.36 $109,480,454.15 $10,151,767.75
2003 $68,596,943.48 $121,523,269.90 $11,652,018.45
2004 $82,914,436.09 $150,909,383.46 $12,315,909.77
2005 $89,436,082.15 $172,600,442.34 $7,897,756.71
2006 $90,484,099.15 $173,848,790.81 $9,693,561.06
2007 $111,652,836.45 $190,936,028.97 $8,532,076.04
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports Total
2002 $12,439,123.00 $7,496,966.97 $19,936,089.97
2003 $14,131,762.00 $9,419,906.98 $23,551,668.98
2004 $27,281,684.00 $10,187,253.98 $37,468,937.98
2005 $30,000,000.00 $12,000,000.00 $42,000,000.00
2006 $28,714,468.98 $7,739,147.97 $36,453,616.95
2007 $15,968,237.99 $7,285,959.99 $23,254,197.98
SC is considered large-sized in its line with a development history of
39 years. Taking into consideration of SC’s general performance, a credit line up
to USD 5,000,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2673 Plastics,
foil, and coated paper bags
Exporting 3081 Plastics
film, strips, and sheets, unsupported
Exporting 3085 Plastics
bottles, flasks, and similar articles
Exporting 3086 Plastics
Foam Products
Exporting 3089 Plastics
products,
Exporting 3411 Metal
cans
Exporting 3499 Fabricated
metal products,
Exporting 3549 Metalworking
machinery
Exporting 3556 Food
products machinery, and parts,
Exporting 3565 Packaging
machinery, and parts,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3923100000 Boxes, cases, crates & similar articles, of plastic
Exporting 3923290000 Sacks & bags (including cones) of other plastics
Exporting 3923300000 Carboxs, bottles, flasks & similar articles, of plast
Exporting 3923900000 Articles for the conveyance or packing of goods, etc, of
plastic,
Exporting 4821 Labels
of paper or paperboard, printed or not
Exporting 6305310000 Sacks and bags, of a kind used for the packing of goods: of
manmade textile materials: of polyethylene or polypropylene strip or the like
Exporting 6305330000 Sacks and bags, of a kind used for the packing of goods: of
manmade textile materials: of polyethylene or polypropylene strip or the like
Exporting 7611000090 Aluminum containers capacity exceeding 300 liters
Exporting 7612901030 Other aluminum cans not exceeding 355ml capacity
Exporting 8308903000 Beads and spangles of base metal
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Conductive net
bag
Exporter Blue & pink
anti-static bags
Exporter Easy-open can
ends, aluminum
Importer Electrolytic
tinplates
Manufacturer Bottle capping
equipment
Manufacturer Bottle caps
Manufacturer Easy-open can
ends
Manufacturer Aluminum
closures
Manufacturer Easy-open can
ends, aluminum
Manufacturer Shrinking
machine
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Africa Exporting
Asia / Pacific Exporting,
Importing
Europe Exporting
Importing
Middle-East Exporting,
Importing
North America Exporting
Pacific Exporting,
Importing
South America Exporting,
Importing
Australia Exporting,
Importing
Bangladesh Exporting
Belgium Importing
Canada Exporting,
Importing
Chile Exporting
China Exporting,
Importing
Czech Republic Exporting
Fiji Exporting
France Importing
Germany Exporting,
Importing
Hong Kong Exporting
India Exporting
Indonesia Exporting,
Importing
Italy Importing
Jamaica Exporting
Japan Exporting,
Importing
Lebanon Exporting
Malaysia Exporting,
Importing
Mozambique Exporting
Netherlands Exporting
New Zealand Exporting
Nigeria Exporting
Pakistan Exporting
Philippines Exporting
Poland Importing
Portugal Importing
Puerto Rico Exporting
Qatar Importing
Saudi Arabia Importing
Singapore Exporting,
Importing
South Korea Exporting,
Importing
Sri Lanka Exporting
Switzerland Importing
Thailand Exporting,
Importing
Turkey Exporting
USA Exporting,
Importing
United Arab Emirates Importing
United Kingdom Importing
Vietnam Exporting
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.48.52 |
|
UK Pound |
1 |
Rs.72.62 |
|
Euro |
1 |
Rs.63.76 |
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%)