MIRA
INFORM REPORT
|
Report Date : |
17.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
CHENG SHIN RUBBER IND CO LTD |
|
|
|
|
Registered Office : |
215 Meei Kong Rd
Tatsun Hsiang, Changhwa Hsien 515 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
December, 2007 |
|
|
|
|
Date of Incorporation : |
19.12.1969 |
|
|
|
|
Com. Reg. No.: |
59504506 |
|
|
|
|
Legal Form : |
Public Listed
Company |
|
|
|
|
Line of Business : |
Research and development
of all kinds of rubber tires related products. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Aa |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Maximum Credit Limit : |
USD 20,000,000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
Name & address
CHENG SHIN RUBBER INDUSTRY CO LTD
215 MEEI KONG RD
TATSUN HSIANG
CHANGHWA HSIEN 515,
TAIWAN
TEL:
886-4-8525151 FAX:
886-4-8526468
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 19, 1969
REGISTRATION NO. : 59504506
LEGAL FORM : PUBLIC LISTED
COMPANY
CHIEF EXECUTIVE : MR. JYE-CHIEH LO
(PRESIDENT)
STAFF STRENGTH : 3,716
CAPITAL : US$
378,190,466
BUSINESS LINE : MANUFACTURER
TURNOVER : NTD
17,096,055,000 (AS OF DEC. 2007)
EQUITIES : NTD
25,845,802,000 (AS OF DEC. 2007)
PAYMENT : EXCELLENT
RECOMM. CREDIT RANGE : UP TO USD 20,000,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE : TWD 33.21001 = 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*
================
7 December,
1987 - Became listed on the Taiwan
Stock Exchange under the stock code "2105".
*Capital Details*
=============
Initial authorized
capital : NTD 6,000,000.00
Capital increases as
follows:
Year Increase (NTD)
----- ----------------------
1969
24,000,000.00
1974
120,000,000.00
1977
220,000,000.00
1980
420,000,000.00
1981 583,800,000.00
1982
720,000,000.00
1983
828,000,000.00
1984
910,800,000.00
1987 1,332,045,000.00
1988 1,625,094,900.00
1989 2,031,368,630.00
1990 2,437,640,000.00
1991 2,632,653,750.00
1992 3,159,184,500.00
1993 3,633,062,180.00
1994 4,214,352,130.00
1995 5,015,079,030.00
1996 5,515,079,000.00
1997 6,068,245,620.00
1998 6,796,435,090.00
1999 7,476,078,600.00
2000 7,849,882,530.00
2001 8,360,124,890.00
2002 8,861,732,380.00
2003 9,570,670,970.00
2004 10,489,455,380.00
2005 11,380,000,000.00
2006 12,177,733,000.00
*Licenses &
Permits*
================
(1)
License number : 9964516500
Date issued : 1 July, 1968
Issuing
authority : Industrial Development
Bureau, MOEA
Type of license : Factory license
(2)
License number : 9964519700
Date issued : 30 December, 1971
Issuing authority :
Industrial Development Bureau, MOEA
Type of license : Factory license
(3)
License number : 9964519000
Date issued : 13 March, 1978
Issuing authority :
Industrial Development Bureau, MOEA
Type of license : Factory license
(4)
License number : 9964516200
Date issued : 1 January, 1980
Issuing authority :
Industrial Development Bureau, MOEA
Type of license : Factory license
(5)
License number : 9964515700
Date issued : 20 April, 1988
Issuing authority :
Industrial Development Bureau, MOEA
Type of license : Factory license
*Office &
Facilities*
================
Comment : Serves as
office and factory 1.
Other Contact
Details
-----------------------------
Tel nos. : 4-8526465 / 4-8525151 Ext. 650
Fax no. : 4-8526468
E-mail : - george@mail.cst.com.tw
- cyliao@mail.cst.com.tw
-
psnaff@mail.cst.com.tw
*Factories, Size
& Locations*
=======================
The firm maintains
manufacturing premises as listed below :
(1)
License number : 9964516500
Building size : 8,696 sq. meters (Approx.)
Land size : 85,229 sq. meters (Approx.)
Location : Changhwa Hsien
Facilities : Modern
Type of building :
Industrial building
Property status : Owned by CHENG SHIN RUBBER INDUSTRY CO
LTD
Comments : Serves as office, factory and
warehouse
(2)
License number : 9964519700
Building size : 3,281 sq. meters (Approx.)
Land size : 71,656 sq. meters (Approx.)
Location : Tatsun Hsiang
Property status : Owned by CHENG SHIN RUBBER INDUSTRY CO
LTD
Facilities : Modern
Type of building :
Industrial building
(3)
License number : 9964519000
Building size : 7,908 sq. meters (Approx.)
Land size : 7,307 sq. meters (Approx.)
Location : Changhwa Hsien
Property status : Owned by CHENG SHIN RUBBER INDUSTRY CO
LTD
Facilities : Modern
Type of building :
Industrial building
(4)
License number :
9964516200
Building size : 176 sq. meters (Approx.)
Land size : 11,941 sq. meters (Approx.)
Location : Huatan Hsiang
Property status : Rented
Facilities : Modern
Type of building :
Industrial building
(5)
License number : 9964515700
Building size : 3,298 sq. meters (Approx.)
Location : Chichou Hsiang
Property status : Rented
Facilities : Modern
Type of building :
Industrial building
*Corporate &
Organization Structure*
=============================
A large-sized
company operated and managed by an experienced team of professionals.
*Auditors*
=========
PRICEWATERHOUSECOOPERS
LTD
*Registrar*
=========
POLARIS
SECURITIES
*Industry Ranking*
===============
(1)
Year Rank
------- --------
1996 96
1995 90
1994 82
1993 60
1991 56
1990 57
2005 124
(2)
Generally regarded
as one of the Top 1000 Companies in Manufacturing Industry of Taiwan. Details
of rank are
as follows:
Year Rank
------- ---------
1999 149
2000 167
2001 148
(3)
Generally regarded
as one of the Top 5000 Companies in Manufacturing Industry of Taiwan.
Details of rank are
as follows:
Year Rank
------- ---------
2004 258
2005 291
2006 280
2007 243
*Sales Ranking*
=============
Details of rank are
as follows
Year Rank
------ ------
1998 131
1997 125
1996 115
2006 136
www.cst.com.tw The design is professional and the content is well organized. At present it is in Chinese version.
E-mail: cst001@ms1.hinet.net
For the past two
years there is no record of litigation.
*Major Shareholders*
===============
Total number of
shareholders: N/A
Total number of shares:
N/A
Shareholders Country Number Amount %
Mr. Tsai-jen Lo Taiwan
109,944,989.00 n/a n/a
Mr. Ming-yi Lo Taiwan
47,426,253.00 n/a n/a
Mr. Hsiu-hsiung
Chen Taiwan
21,098,948.00 n/a n/a
Mr. Jung-hua Chen Taiwan
9,576,944.00 n/a n/a
Mr. Jye-chieh
Lo Taiwan
9,238,613.00 n/a n/a
HUNG YI INVESTMENT Taiwan 4,474,834.00 n/a n/a
CO LTD
Mr. Kuan-cheng
Tsai Taiwan
3,329,862.00 n/a n/a
Mr. Sung-chu
Tseng Taiwan
2,206,357.00 n/a n/a
Management: Mr. Hsuan-miao Wu, Manager
Ms.
Han-chi Chen, Manager
Mr.
Tai-yuan Lin, Executive
Name Nationality Job Description Dept. / Division
Mr. Hsuan-miao Wu Taiwanese Manager
Finance
Ms. Han-chi Chen Taiwanese Manager Finance
Mr. Tai-yuan Lin Taiwanese Executive Human
Resources
Ms. Shih Taiwanese Manager Import
Mr. Chen-chieh Lin Taiwanese Assist. Manager -
Mr. Chen-hua Lin Taiwanese Assist. Manager -
Mr. Chi-chiang Wei Taiwanese Assist. Manager -
Mr. Chin-chang Lee Taiwanese Assist. Manager -
Mr. Chung-jen Huang Taiwanese Assist.
Manager -
Mr. Hung-yu Lin Taiwanese Assist. Manager -
Mr. Kuan-cheng Tsai Taiwanese Assist.
Manager -
Mr. Ming-chun Weng Taiwanese Assist.
Manager -
Mr. Wen-hsing Peng Taiwanese Assist.
Manager -
Mr. Yung-yao Tseng Taiwanese Assist.
Manager -
Ms. Yu-yu Lin Taiwanese Assist. Manager -
Mr. Hsiu-hsiung Chen
Taiwanese General Manager -
Mr. Jung-hua Chen Taiwanese General Manager -
Mr. Tsai-jen Lo Taiwanese General Manager -
Mr. Jye-chieh Lo Taiwanese President -
Mr. Shih-min Lo Taiwanese Representative -
Mr. Chen-cheng Yang Taiwanese Vice
General Manager -
*COMPANY
DIRECTORS*
=====================
1
Name : Mr. Jye-chieh
Lo
Nationality :
Taiwanese
Country of Residence
: Taiwan
2
Name : Ms. Min-nien
Wu
Nationality :
Taiwanese
*Main Products &
Services*
======================
Specializes in the
following areas of work:
1. Research and
development of all kinds of rubber tires related products.
2. Importing of raw
materials and components for in-house OEM production.
3. Manufacturing a
wide range of bicycle inner tubes, rubber tires and related products.
4. Export and
domestic sales of its finished products.
Products: Activated
carbon
Adhesives
Aluminum products
Amino resins
Antioxidizing preparations
*Brand*
======
CST
Cheng Shin Tire
MAXXIS
*Payment Terms*
=============
Sales
-------
Local : Cash
30-90 days credit
Export : Letter of
Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Local : 30-90 days credit
Import : Letter of
Credit (L/C)
Telegraphic Transfer (T/T)
*Quality
Certification*
=================
Obtained the
following certifications:
(1)
Type of
certification : ISO9001& QS 9000
Year of
certification : 1997
Product : Tire
(2)
Type of
certification : ISO 14001
Year of
certification : 1999
(3)
Type of
certification : DOT
Issuing
authority : USA - Department of
Transportation
Product : Tyres
(4)
Type of certification
: JIS Certification
Issuing
authority : Japanese Industry
Standard (JIS)
Product : Tires
*Production
Capacity*
==================
(1)
Item : Car tires
Maximum capacity :
4,720 (1,000 items)
Current
capacity : 4,492 (1,000 items)
(2)
Item : Motorcycles tires
Maximum capacity :
7,780 (1,000 items)
Current
capacity : 7,490 (1,000 items)
*Competitors*
===========
The following
locally based companies supply similar range of products :
- JU FENG RUBBER
INDUSTRIAL CO LTD
- ORIENTAL RUBBER
INDUSTRIAL CO LTD
- TAIPEI NAN HUNG
RUBBER TIRE CO LTD
- TONG YONG IND TIRE
& RUBBER CO LTD
- FU-CHIAN TIRE CO
LTD
- NANKANG RUBBER
TIRE CORP LTD
- BRIDGESTONE TAIWAN
CO LTD
- APSE ENTERPRISE CO
LTD
- KENDA RUBBER
INDUSTRIAL CO LTD
*Exhibition Participation*
====================
Participated in the
following local exhibitions:
(1)
Exhibition Fair : Taipei International Cycle Show
Dates attended : 7-10 April, 2000
Location : Taipei World Trade
Center - Exhibition Hall
(2)
Exhibition Fair : Taipei International Cycle Show
Dates attended : 31 March - 3 April, 2001
Location : Taipei World Trade
Center - Exhibition Hall
(3)
Exhibition Fair : Taipei International Cycle Show
Dates attended : 11-14 April, 2002
Location : Taipei World Trade
Center - Exhibiton Hall
(4)
Exhibition fair : Taipei International Cycle Show
2003
Dates attended : 29 March - 1 April, 2003
Location : Taipei World Trade Center-
Exhibition Hall
(5)
Exhibition Fair : Taipei International Cycle Show 2005
Dates attended : 4-7 March, 2005
Location : Taipei World Trade Center- Exhibition Hall
*Associations*
============
Member of :
- Taiwan Bicycle
Exporters' Association (TBEA)
*Local Distribution
Network*
=======================
An estimated 25% of the
annual turnover is attributed to local sales.
*Export Markets*
=============
An estimated 75% 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 113
2001 105
2002 086
2003 083
2004 084
2005 079
2006 095
2007 077
*LOCAL BRANCHES
& MANAGEMENT*
=================================
Branch : CHENG SHIN
RUBBER INDUSTRY CO LTD (FACTORY 5) - TAIPEI CITY
Branch Address : 8Fl
World Trade Bldg 50 Hsing Sheng South Rd Section 1 Chungcheng Dist, Taipei
City, 100
Branch Tel : [+886]
2-23937451
Branch Fax : [+886]
2-23414560
Branch Employees :
12
Branch : CHENG SHIN
RUBBER INDUSTRY CO LTD (FACTORY 2) - TATSUN HSIANG
Branch Address : 146
Chun Shang Village Chung Shan Rd Section 2 Tatsun Hsiang, Changhwa Hsien 515
Branch Tel : [+886]
4-8524146
Branch Employees :
431
Branch : CHENG SHIN
RUBBER INDUSTRY CO LTD (FACTORY 4) - CHICHOU HSIANG
Branch Address : 602
Hsi Chuo Village Chung Shan Rd Section 2 Chichou Hsiang, Changhwa Hsien 524
Branch Tel : [+886]
4-8893211
Branch Employees :
984
Branch : CHENG SHIN
RUBBER INDUSTRY CO LTD (FACTORY 3) - TATSUN HSIANG
Branch Address : 199
Mei Kang Village Chung Shan Rd Section 1 Tatsun Hsiang, Changhwa Hsien 515
Branch Tel : [+886]
4-8520133
Branch Employees :
539
*(Subsidiaries ,
Joint-ventures & Affiliates)
================================
Company Name : CHENG
SHIN (VIETNAM) IND CO LTD
Address : C'ty Tnhh
Cong Nghiep Cao Su Chinh Tan Vietnam
Country : Vietnam
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
Company Name : CHENG
SHIN INT'L (HK) LTD
Country : Hong Kong
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
Company Name : CHENG
SHIN RUBBER (XIAMEN) INDUSTRIAL LTD
Address : 15 Xibin
Rd Xinglin Dist Xiamen 361022 Fujian China
Country : China
Relationship :
Subsidiary
Legal Form : Private
company with limited liability
Company Type :
Manufacturer
Industry : Rubber
& Products
Company Name : CHENG
SHIN RUBBER CANADA CO LTD
Address : Unit C 400
Chrysler Drive Brampton L6S 5Z5 Ontario Canada
Country : Canada
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Trader
Industry : Rubber
& Products
Company Name : CHENG
SHIN RUBBER USA INC
Address : 545 Old
Peachtree Rd Suwanee 30174 Georgia USA
Country : USA
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Industry : Rubber
& Products
Company Name : CHENG
SHIN-TOYO TIRE & RUBBER (CHINA) CO LTD
Address : 8 Hefeng
Rd Lujia Town Kunshan Dist Suzhou 215301 Jiangsu China
Country : China
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Manufacturer
Industry : Rubber
& Products
Company Name : CST
TRADING LTD
Country : Cayman
Islands
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
Company Name : CST
TRADING LTD
Address : PO Box 116
Road Town Tortola Virgin Islands (British)
Country : Virgin
Islands (British)
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry : Financial
Services - General
Company Name : MAXXIS
CORP INC
Country : Virgin
Islands (British)
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
Company Name :
MAXXIS CORP INC
Address : 215 Walt
Sanders Memorial Blvd Newnan 30265 Georgia USA
Country : USA
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
Company Name :
MAXXIS HOLDINGS (BVI) CO LTD
Address : PO Box 957
Road Town Tortola Virgin Islands (British)
Country : Virgin
Islands (British)
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry : Financial
Services - General
Company Name :
MAXXIS INT'L (HONG KONG) LTD
Country : Hong Kong
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
Company Name :
MAXXIS INT'L (TL) CO LTD
Address : 300/1 Moo1
Tambol Tasith Amphur Pluak Daeng 21140 Rayong Thailand
Country : Thailand
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Manufacturer
Industry : Rubber
& Products
Company Name :
MAXXIS INT'L CO LTD
Address : SMB
Penthouse - Piccadilly Center Grand Cayman Cayman Islands
Country : Cayman
Islands
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
Company Name :
MAXXIS TECH CENTER EUROPE BV
Address :
Landschrijversveld 508 Uden 5403EN Netherlands
Country :
Netherlands
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
Company Name : NEW
PACIFIC INDUSTRY CO LTD
Address : 44 Chung
Shan Rd Section 1 Chung-Chuang Village Huatan Hsiang 503 Changhwa Hsien Taiwan
Country : Taiwan
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type : Manufacturer
Industry : Rubber
& Products
Company Name : SAN
YUEH TEXTILE CO LTD
Address : 82 San
Yueh St Pu Lun Village Hsiushui Hsiang 504 Changhwa Hsien Taiwan
Country : Taiwan
Relationship :
Affiliate
Legal Form : Public
Company
Company Type :
Manufacturer
Industry : Textiles
& Raw Material
*Subsidiaries,
Joint-ventures & Affiliates*
=================================
Joint-venture
------------------
CHENG SHIN-TOYO TIRE
& RUBBER (CHINA) CO LTD
This is a
joint-venture between the following companies :
- CHENG SHIN RUBBER
INDUSTRY CO LTD
- TOYO TIRE &
RUBBER CO LTD
*OVERSEAS AGENTS AND
DISTRIBUTORS*
===================================
Agent : HI TECH TYRE
CENTER
Country of Origin :
Bahrain
Product Description
: Tires, cars
Brand : Maxxis
Year : 2000
Agent :
INTERNATIONAL AUTOMOBILE & PARTS CO LLC - TBA DIVISION
Country of Origin :
Oman
Product Description
: Tyres
Brand : Cheng Shin
Year : 2000
PAYMENT RATING : 1
OBTAINED SCORES : 86
|
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
AMERICA NA
Branch : Sungshan
Dist, Taipei City
Branch Address : 2Fl
Bank Tower 205 Tun Hua North Rd
Account No. :
20493-057
SWIFT Code :
BOFATW2X
Bank Name : TAIWAN
BUSINESS BANK
Branch : Changhwa
City
Branch Address :
Kwang Fu Rd
SWIFT Code :
MBBTTWTP
Bank Name : TAIPEI
FUBON COMMERCIAL BANK CO LTD
Branch : Changhwa
City
Branch Address : 349
Chung Shan Rd Section 2
SWIFT Code :
TPBKTWTP
Balance Sheet
Currency : NTD
Denomination : in
Thousands
2006 December 2007
--------
---------------------
Current Assets
4,262,844 6,557,715
Funds &
long-term investments
19,762,275 25,138,019
Property
7,606,942 7,570,771
Other Assets
419,668 426,759
Total Assets
32,163,779 39,759,789
Current Liabilities
(Before) 3,402,285 5,154,538
(After) 3,402,285 -
Long-term
Liabilities
6,676,509 6,556,678
Other
Liabilities 1,123,007 1,688,038
Total Liabilities
(Before) 11,201,801 13,913,987
(After) 11,201,801 -
Common stock 12,177,733 13,030,175
Capital Reserve 100,514 92,185
Retained Earnings
(Before) 6,599,849 10,348,873
(After) 6,599,849 -
Total Shareholder's
Equity (Before) 20,961,978 25,845,802
(After) 20,961,978 -
Income Statement
Currency : NTD
Denomination : in
Thousands
2006 December 2007
--------
---------------------
Operating
revenue 13,404,478 17,096,055
Gross Profit
2,397,789 3,570,608
Operating
Income
282,507 1,119,477
Non-operating
income 2,263,002 5,351,954
Non-operating
expense
375,459 267,787
Net Income
1,957,023 5,569,276
Earnings (losses)
per
share (After) 1.56 4.27
*Financial Ratios*
==============
2006 December 2007
--------
---------------------
Ratio of liabilities
to Assets %
34.83 35
Ratio of long-term
capital
to fixed Assets% 356.57 427.99
Current ratio% 125.29 127.22
Quick ratio%
68.15 88.94
Interest
coverage 8.20 29.36
Turnover of
receivable (times) 7.56 8.3
Average collection
period of receivable 48 43.97
Turnover of
inventories (times)
5.60 7.32
Average days of
sales 65.00 49.86
Turnover of fixed
assets (times)
1.76 2.26
Turnover of total
assets (times)
0.42 0.43
Return on total
assets% 6.08 14.01
Return on
shareholder's Equity%
9.34 21.55
Operating
Income
2.32 8.59
Net Income before
tax 17.82 47.61
Profit margin%
14.60 32.58
*Financial History*
===============
First half of
2002 - Posted a profit of NTD 907
million in China making it the third most profitable Taiwanese firm.
*Financial Summary
(Currency: U.S. $'s)
==============================
Year Sales Assets
Net Income
1992 $218,618,181.82 $221,887,382.00 $21,695,891.00
1993 $212,908,000.00 $271,555,855.00 $27,060,218.00
1994 $225,627,564.00 $343,069,855.00 $28,745,745.00
1995 $251,765,455.00 $415,790,218.00 $27,636,327.00
1998 $52,354,928.57 $736,340,571.43 $782,429,821.43
1999 $61,045,903.23 $38,158,870.97 $665,081,806.45
2000 $234,655,365.47 $513,908,522.55 $41,883,203.73
2001 $222,630,847.36 $531,441,352.29 $49,107,864.19
2002 $261,664,846.22 $645,473,210.69 $81,179,361.89
2003 $324,372,433.68 $794,449,336.79 $82,976,816.61
2004 $408,995,338.35 $896,783,548.87 $68,732,180.45
2005 $416,319,052.13 $1,001,150,710.90 $44,830,932.07
2006 $405,213,966.14 $972,302,871.83 $59,160,308.34
2007 $515,873,717.56 $1,199,752,232.95 $168,052,987.33
*Int´l Trade
Activity (Currency: U.S. $'s)
===============================
Year Imports Exports
Total
1990 $42,500,000.00 $104,300,000.00 $146,800,000.00
1991 $45,200,000.00 $123,500,000.00 $168,700,000.00
1992 $55,900,000.00 $140,900,000.00 $196,800,000.00
1993 $69,700,000.00 $134,000,000.00 $203,700,000.00
1994 $6,300,000.00 $134,600,000.00 $140,900,000.00
1995 $76,200,000.00 $156,700,000.00 $232,900,000.00
1996 $59,300,000.00 $150,000,000.00 $209,300,000.00
1997 $58,500,000.00 $140,900,000.00 $199,400,000.00
1998 $63,000,000.00 $133,000,000.00 $196,000,000.00
1999 $71,000,000.00 $125,300,000.00 $196,300,000.00
2003 $101,940,517.99 $236,340,810.01 $338,281,328.00
2004 $149,101,376.99 $287,842,088.99 $436,943,465.98
2005 $5,271,005.06 $9,284,786.60 $14,555,791.66
2006 $4,852,137.88 $9,022,499.91 $13,874,637.79
2007 $211,873,122.99 $373,566,686.78 $585,439,809.77
SC is considered
large-sized in its line with a long history. Taking into consideration of SC’s
general performance, a credit line up to USD 20,000,000 appears to be within
SC’s capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3011
Tires and inner tubes
Exporting 3089
Plastics products,
Exporting 3612
Transformers, and parts,
Exporting 3677
Electronic coils and transformers
Importing 1221
Bituminous coal and lignite
Importing 2851
Paints and allied products
Importing 2899
Chemical preparations,
Importing 2992
Lubricating oils & greases
Importing 3500
Industrial Machinery & Equipment
Importing 3552
Textile machines, and parts and
attachments,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2710
Oil (not crude) from
petrol & bitum mineral etc,
Exporting 2823
Titanium oxides
Exporting 3204
Syn org coloring matter
& prep; syn org brit agent
Exporting 3204170000
Pigments & preparations based
thereon
Exporting 3506
Prepared glues &
adhesives; glue retail pack
Exporting 3506990000
Other products suitable for use as
adhesives, put up for retail sale as adhesives, not exceeding a net weight of 1
kg
Exporting 3802
Activated carbon etc.;
animal black, inc spent
Exporting 3910000000
Silicones in primary forms
Exporting 3926
Articles of plastics (inc
polymers & resins)
Exporting 3926901000
Buckets & pails,of plastic
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Exporter Iron & steel products
Exporter Transmission shaft parts
Exporter Centrifuges
Exporter Silicones
Exporter Rubber new pneumatic tires
Exporter Plastic buckets
Exporter Petrol oil
Exporter Electrical wires & cables
Exporter Wheel rims
Exporter Titanium oxides
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Africa Exporting
Asia / Pacific Exporting,Importing
Europe Exporting,Importing
Middle-East Exporting
North America Exporting,Importing
Pacific Exporting
Algeria Exporting
Argentina Exporting
Armenia Exporting
Australia Exporting,Importing
Austria Exporting,Importing
Bahamas Exporting
Bahrain Exporting
Bangladesh Exporting
Barbados Exporting
Belgium Exporting,Importing
Benin Exporting
Bermuda Exporting
Bolivia Exporting
Brazil Exporting
Brunei Exporting
Bulgaria Exporting
Cambodia Exporting
Canada Exporting,Importing
Chile Exporting
China Exporting,Importing
Colombia Exporting
Costa Rica Exporting
Cuba Exporting
Cyprus Exporting
Czech Republic Exporting
Denmark Exporting
Dominican Republic Exporting
Ecuador Exporting
Egypt Exporting
El Salvador Exporting
Estonia Exporting
Fiji Exporting
Finland Exporting
France Exporting,Importing
Germany Exporting,Importing
Greece Exporting
Grenada Exporting
Guam Exporting
Guatemala Exporting
Guyana Exporting
Haiti Exporting
Honduras Exporting
Hong Kong Exporting
Hungary Exporting
India Exporting
Indonesia Exporting,Importing
Iran Exporting
Ireland Exporting
Israel Exporting
Italy Exporting,Importing
Jamaica Exporting
Japan Exporting,Importing
Jordan Exporting
Kazakhstan Exporting
Kuwait Exporting
Latvia Exporting
Lebanon Exporting
Macao Exporting
Madagascar Exporting
Malaysia Exporting,Importing
Malta Exporting
Mauritius Exporting
Mexico Exporting
Mongolia Exporting
Myanmar Exporting
Netherlands Exporting,Importing
New Caledonia Exporting
New Zealand Exporting
Nicaragua Exporting
Nigeria Exporting
Norway Exporting
Oman Exporting
Pakistan Exporting
Panama Exporting
Paraguay Exporting
Peru Exporting
Philippines Exporting
Poland Exporting
Portugal Exporting
Puerto Rico Exporting
Qatar Exporting
Reunion Exporting
Russia Exporting
Saudi Arabia Exporting
Scotland Exporting
Singapore Exporting
Slovenia Exporting
South Africa Exporting
South Korea Exporting,Importing
Spain Exporting
Sri Lanka Exporting
Sudan Exporting
Suriname Exporting
Sweden Exporting
Switzerland Exporting
Syria Exporting
Thailand Exporting,Importing
Trinidad &
Tobago Exporting
Tunisia Exporting
Turkey Exporting
USA Exporting,Importing
Ukraine Exporting
United Arab Emirates
Exporting
United Kingdom Exporting,Importing
Uruguay Exporting
Uzbekistan Exporting
Venezuela Exporting
Vietnam Exporting,Importing
Yemen (Sanna) Exporting
Zimbabwe Exporting
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.33 |
|
UK Pound |
1 |
Rs.73.92 |
|
Euro |
1 |
Rs.66.69 |
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%)