MIRA
INFORM REPORT
|
Report Date : |
28.07.2008 |
IDENTIFICATION
DETAILS
|
Name : |
EVERLIGHT CHEMICAL INDUSTRIAL CORP |
|
|
|
|
Registered Office : |
6FL Chung Ting Bldg 77 Tun Hua South Rd Section 2 Ta-An Dist Taipei
City 106 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
2007 |
|
|
|
|
Date of Incorporation : |
07.09.1972 |
|
|
|
|
Com. Reg. No.: |
15458455 |
|
|
|
|
Legal Form : |
Public Listed Company |
|
|
|
|
Line of Business : |
Research and Development of specialize in chemical reactions, such as
coupling, condensation, sulfonation, and reduction, and unit operations, such
as crystallization, purification, drying and mixing |
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 8,000,000 |
|
|
|
|
Status : |
Excellent |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
EVERLIGHT
CHEMICAL INDUSTRIAL CORP
6FL CHUNG TING BLDG 77 TUN HUA SOUTH RD
SECTION 2 TA-AN DIST TAIPEI CITY 106, TAIWAN
TEL: 886-2-27066006 FAX: 886-2-27081254
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 7, 1972
REGISTRATION NO. :
15458455
LEGAL FORM :
PUBLIC LISTED COMPANY
CHIEF EXECUTIVE :
MR. TING-CHUAN CHEN (CHAIRMAN)
STAFF STRENGTH :
1,100
CAPITAL :
US$ 139,320,197
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NTD 5,886,570,000 (AS OF 2007)
EQUITIES :
NTD 5,128,021,000 (AS OF 2007)
PAYMENT :
EXCELLENT
RECOMM. CREDIT RANGE : UP TO
USD 8,000,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY GOOD
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : WELL
KNOWN
EXCHANGE RATE :
TWD 30.45067 = 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*
================
1972 - Established to manufacture acid dyes and
reactive dyes.
- Factory construction of the 2,545 sq
meter-factory in Ying-ger Town Taipei Hsien.
1976 - Added
dyestuffs for the tanning industry to its product line.
-
Purchased a land (8,800 sq meters) in Tao-yuan Industrial Park.
1978 - Held the
ground breaking for the construction of the first factory.
1979 - Commenced production in the first factory.
- Introduced leather dyes into the market.
1980 - Integrated the Ying-ger plant into the first
factory.
- Introduced high premium reactive dyes into
the market.
1983 - Acquired the land adjacent to the first
factory.
- Introduced reactive dyes into the market.
1985 - Completed the construction of the Phase II
of the first factory.
1986 - Purchased Chung-Ting Bldg of 1,600 sq meters
on Tun Hua South Rd in Taipei City for
corporate headquarter.
1987 - Acquired land in the Kuan Ying Industrial
Park and built the second factory (62,200 sq meters).
1988 - Became listed on Taiwan Stock Exchange, the
first domestic dye company that offered
stocks to the public.
August 1989 - Gained a substantial interest in a NORTH CAROLINA CORP,
R-M INDUSTRIES INC.
1989 - Established ELITE FOREIGN TRADING INC in
Turkey.
1992 - Purchased another land in Kuan-Ying Industrial
Park in Tao-yuan Shien, and built the third
factory
(19,500 sq meters).
- Established EVERLIGHT HONG KONG LTD.
- Established EVERSHINE INVESTMENT CO.
1993 - Held the ground breaking for the third
factory.
1994 - Held 51% of Taiwan's domestic dyestuff
market and exported about 48% of its products.
- Commenced production in the third factory.
- Established EVERLIGHT USA INC.
1995 - Started developing electronic chemicals.
1996 - Started the construction of bulk
pharmaceuticals plant.
- Established EVERLIGHT EUROPE BV.
1997 - Held ground breaking for the construction of
the Electronic Chemicals plant.
- Established EVERLIGHT Singapore company.
- Acquired TREND TONE TECHNOLOGICAL CO.
1998 - Commenced production of the Bulk Pharmaceutical
plant
- Introduced photo resists, inkjet ink and
sol-gel materials into the market.
- Established ETHICAL INT'L WAREHOUSING
TRADING (SHANGHAI) CO in Shanghai, China.
2002 - Completed the FDA's cGMP inspection on
Misoprostol.
2003 - EVERLIGHT HI-TECH CHEMICAL R&D Center
approved by MOEA
*Company Registration*
==================
License number : 15458455
Year issued : 7
September, 1972
Issuing authority : Ministry of Economic Affairs (MOEA)
Legal form : Public
Listed Company
*Licenses & Permits*
================
(1)
License number : N/A
Date issued : 17
September, 2003
Issuing authority : Ministry of Economic Affairs (MOEA)
Type of license : License for
R&D Center
(2)
License number : 996223570
Date issued : 24 April
1980
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
(3)
License number : 99622051
Date issued : 24 May
1991
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
(4)
License number : 99622352
Date issued : 17 April
1995
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
*Capital Details*
=============
Initial registered capital : NTD
4,000,000.00
Paid-up capital :
NTD 3,764,580,000.00
Breakdown of capital increases is as follows:
Year Increase/Decrease (NTD)
------ ---------------------------------
1986 240,000,000
1987 340,000,000
1988 500,000,000
1999 4,300,000,000
2000 3,069,000,000
2001 3,876,000,000
2002 3,842,000,000
2004 4,242,300,000
Market capitalization : NTD 6,805.14 million
Year
: 1995
*Office & Facilities*
================
Size :
1,580 sq. meters
Location : Commercial
Area
Property status : Owned by
EVERLIGHT CHEMICAL INDUSTRIAL CORP
Type of building : Multi-storey Building
Other e-mail addresses : - arthurs@ecic.com.tw
- webmaster@ecic.com
- phillee@ecic.com
*Factories, Size & Locations*
=======================
Maintain three (3) factories in Taoyuan Hsien.
(1)
Factory 1
------------
No of workers : 200
Land size : 8,773 sq
meters - Phase I
26,569 sq meters - Phase II
Location : Taoyuan
Hsien
Facilities : Modern
Property status : Owned by
EVERLIGHT CHEMICAL INDUSTRIAL CORP
Type of building : Industrial Building
(2)
Factory 2
-------------
Land size : 62,000 sq meters
Location : Kuanyin Hsiang
Facilities : Modern
Property status : Owned by EVERLIGHT CHEMICAL INDUSTRIAL CORP
Type of building : Industrial Building
(3)
Factory 3
-------------
Land size : 35,000
sq meters
Location : Taoyuan County
Facilities : Modern
Property status : Owned by
EVERLIGHT CHEMICAL INDUSTRIAL CORP
Type of building : Industrial Building
*Corporate & Organization
Structure*
=============================
Serves as Corporate Headquarters.
Maintains the following:
1. An in-house research center
in order to develop new products and upgrade production processes.
2. A staff of specialists to
introduce clients to proper usage of products and high technical personnel that
develop high value-added products.
3. Approximately 10% of the
total company manpower comprises the R&D division which includes more than
10 individuals have their doctorate degree and more than 40 have their masters
degree.
Organization Chart
--------------------------
Board of Directors
|
Chairman/CEO
|
General Manager
(Deputy
General Manager)
|
Audit Office _______|
|______ Committee
| |
Office of the General Manager_______| |_____ Performance
Appraisal
| |_____ QA
| |_____
Environment Management
|
|
|-----------|------------|-------------|-----------
-|--------|-----------|---------|---------|---------|----------|---------|
Electronic | Colour | Environment |
Engineering | Admin | Investment |
Chemicals | Chemicals | Engineering |
Division | Division | Management
|
Business Unit | Business Unit | Division | | |
Division |
|
| | | |
| | |
|
Specialty | Pharmaceutical R & D Information Financial Human
| Chemicals |
Business Unit
Division Technology Division Resources
| Business
Unit | |
Division
Division
|
| | |
|
| | | ___ Bulk Pharmaceutical Factory
|
| |
|_________________________________|
|
| | |___ Marketing &
Regulatory Dept
|
| | ___Domestic Sales Division
|
| | |___Export Division
| | |_________|___1st Factory
|
|
|___2nd Factory
|
|
|___Technical Sales ___3rd Factory
|
|__________________________________________________|
|
|___Marketing Dept
| ___Electronic
Chemicals Factory
|__________________________|
|___Marketing Dept
*Industry Ranking*
===============
Generally regarded as one of the Top 5000 Companies in Manufacturing
Industry of Taiwan.
Details of rank are as follows:
Year Rank
------ -------
2005 753
2006 702
2007 628
*Sales Ranking*
=============
Details of Rank are as follows :
Year Rank
------- --------
2007 334
2002 301
2001 268
2000 302
1998 233
1997 235
1996 252
1992 278
- Ranked as third among the 25 largest companies in chemical industry in
terms of sales.
- Considered to be amongst the Taiwan's Top 500 Companies for the last 9
years.
*Auditor*
========
- KPMG PEAT MARWICK
*Registrar*
=========
The firm does not employ any external Registrar . All management is
handled internally.
Stock Market Code: 1711
*Awards*
========
(1)
Award : The Excellent Industrial Technology Award
Awarded by : Ministry of Economic Affairs (MOEA)
Year : 1995
(2)
Award : Industrial
Technology Advancement
Awarded by : Ministry of Economic Affairs
Year : 2000
www.ecic.com
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: sales@ecic.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Shareholders' Name No
of Shares
---------------------------
-------------------
Mr. Ting-chuan Chen
60,000,000
Mr. Ting-chi Chen 14,699,000
Mr. Shou-hsiung Chu
9,982,083
Mr. Chien-hsin Chen
4,300,000
Mr. Wei-wan Chen
4,148,000
Mr. Wen-yuan Kan
2,102,278
Mr. Yung-long Lee
2,096,107
Mr. Chien-ming Chen
1,355,908
Mr. Shen-an Chou -
Mr. Hung-teh Lu -
Management: Mr. Ming-sheng
Huang, Manager
Mr. Andy Ho, Manager
Mr. Chen-kun Chou, Manager
Name Nationality
Job Description Dept. / Division
Mr. Ming-sheng Huang Taiwanese Manager Audit
Mr. Andy Ho Taiwanese
Manager Division
Mr. Chen-kun Chou Taiwanese Manager Factory
Mr. Jen-tsung Chang Taiwanese Director Finance
Mr. Kuo-pin Weng Taiwanese
Manager Finance
Mr. Li-ching Hsu Taiwanese
Manager Finance
Mr. Ming-chih Liao Taiwanese
Director Human Resources
Mr. Kuang-feng Tsai Taiwanese
Manager Information
Mr. Lee Taiwanese
Manager Investor Relations
Mr. Chieh-sheng Chu Taiwanese Manager Product
Mr. Cheng-lung Huang Taiwanese Director Sales
Mr. Pao-kun Lai Taiwanese
Director Technical
Mr. Chao-wen Lin Taiwanese
Assist. Manager -
Mr. Chien-feng Peng Taiwanese
Assist. Manager -
Mr. Chun-wei Huang Taiwanese Assist. Manager -
Mr. Kun-mu Tseng Taiwanese Assist. Manager -
Mr. Pao-tai Yang Taiwanese
Assist. Manager -
Mr. Su-wan Yang Taiwanese
Assist. Manager -
Mr. Yuan-teh Yin Taiwanese
Assist. Manager -
Mr. Ray-an Tsai Taiwanese
Deputy General Manager -
Mr. Ying-chih Chang Taiwanese
Deputy General Manager -
Mr. Wei-wang Chen Taiwanese General Manager -
Mr. Jui-an Tsai Taiwanese
Vice General Manager -
Mr. Jung-tai Chuang Taiwanese
Vice General Manager -
Mr. Teh-kang Chou Taiwanese
Vice General Manager -
Mr. Yung-heng Huang Taiwanese Vice General Manager -
Ms. Fang-yung Lee Taiwanese Vice General Manager -
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Research and Development of specialize in chemical reactions, such as
coupling, condensation, sulfonation, and reduction, and unit operations, such
as crystallization, purification, drying and mixing.
2. Importing of raw materials / components for in-house OEM production.
3. Manufacture of dyestuffs for use in a wide variety of articles
including:
- Reactive dyes for use on cotton, linen and synthetic fabrics
- Dispersive dyes for the chemical industry
- Leather dyestuffs for use on cowhide, pigskin, goatskin, and
snakeskin
- Acid dyestuffs for use on goatskin and nylon
- Direct dyestuffs for use on cotton, linen, and synthetic fabric
- Ultraviolet absorption chemicals
- Other chemicals for dyestuffs
(2)
- UV absorbers
- Bulk drugs
- Electronic chemicals
- G-line PR
- I-line PR
- DUV PR
- LCD PR
- PSPR
- PC PBR
- PDCR
- Imaging products
- Advanced materials
4. Capable of conducting gas phase reactions, hydrogenation, organic
total synthesis, and chiral technology in large scale.
5. Export and domestic sales of its finished product
Products: Acid dyestuffs
Active pharma ingredients
Advanced
materials
Benzophenone
Benzotriazole
*Brand*
======
ECIC
Everacid
Evercion
Everlight
Everzol
*Payment Terms*
=============
Sales
--------
Local : Cash
30 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)
*Detailed Product Specifications*
==========================
(1)
Item : Everzol ED
Description : Everzol ED stands
for Ecology and Dense.
:
Recommended for exhaustion dyeing and continuous dyeing, selectively for
cellulosic fiber and its blends.
(2)
Item : Everzol C
Description : Specially developed and formulated for meeting the ever
changing facts in the market, dye-house, and customer needs.
(3)
Item : NEPA
Description : Chemical intermediate for synthesizing various pharmaceutical
ingredients such as
Angiotensin-Converting Enzyme (ACE) inhibitors.
(4)
Item : Eversorb
77/78/79/234
Description : Provide superior
quality of UV absorbers and light stabilizers.
(5)
Item : Everzol
Black GSP
Description : - Suitable for
exhaust dyeing, continuous dyeing, cold-pad -Batch and printing.
-
Execellent solubility to alkali
-
Special emphasis on its excellent dischargeability
- Metamerism stability shows almost no
difference on all sorts of lights
*Technologies Developed and/or Acquired*
================================
Technologies used in production are acquired from Europe, the United
States, and Japan.
*Quality Certifications*
==================
(1)
Type of certification : ISO 9002 Quality System Certification
Issuing authority : DET NOREKE VERITAS INDUSTRY, Norway
Year of certification : 1993
(2)
Type of certification : ISO 9001 Quality System Certification
Issuing authority : DET NOREKE VERITAS INDUSTRY, Norway
Year of certification : 1994
(3)
Type of certification : ISO 14001 Environmental Management System
Certification
Issuing authority : DET NOREKE VERITAS INDUSTRY, Norway
Year of certification : 1996
(4)
Type of certification : ROC
Laboratory certification
Year of certification : 1998
(5)
Type of certification : OHSAS
18001 Occupational Health and Safety Management Systems certification
Year of certification : 2001
*Patents*
========
Maintains the following local & international patents:
(1)
Patent number :
N/A
Country of registration : USA
: Germany
: England, United Kingdom
: Italy
: Taiwan
Name
: Everzol Black GSP
Product
: Dyes
Details : Received a patent from the
Commission of Patents and Trademarks
(2)
Patent number :
N/A
Country of registration : USA
: Taiwan
Name
: Everzol Black LNS
Product
: Reactive Dyes
(3)
Patent number :
N/A
Country of registration : Taiwan
Name
: Everink Color RT range
Product
: Digitized Printing Ink for Textile
(4)
Patent number :
N/A
Country of registration : Mexico
: USA
: Europe
: Taiwan
: South Korea
: Turkey
: Egypt
: Greece
Name
: Everzol Black MW
Product
: New Reactive Dyestuff
(5)
Patent number :
N/A
Country of registration : USA
: Europe
Name
: NEPA-NCA
Product
: Innovative process for pharmaceutical intermediate
*Machinery & Equipment*
=====================
Machinery/ Equipment include:
- High Resolution NMR (300 mHz NMR)
- Gas Chromatograph/Mass Spectrometer
- Elemental Analyzer
- Contains a computerized inspection center to ensure that each
shipment's hue is consistent with the customer's order.
- High precision instruments, such as :
a. ICP-Mass
b. LC/Mass
c. GC/Mass
d. SEM
e. FTIR
f. Atomic Analyzer
g. Nanospec
h. HPLC
i. Zeta potential & Particle
size analyzer
j. ICS color system
k. QUV
l. DSC
m. TGA
*Exhibition Participation*
====================
Participated in the following exhibitions:
(1)
Exhibition fair : SEMICON
Taiwan 2002
Dates attended : 16-18 September, 2002
Location : Taipei
World Trade Center - Exhibition Hall
(2)
Exhibition fair : Semicon Taiwan
2003
Date attended : 15 - 17
September, 2003
Location : Taipei World
Trade Center (TWTC) - Exhibition Hall
(3)
Exhibition fair : SEMICON
Taiwan
Date attended : 12 - 14 September, 2005
Location : Taipei World
Trade Center (TWTC)
*Associations*
=============
Member of :
- Business Council for Sustainable Development of the Republic of China
(1998)
*Competitors*
===========
The following locally based companies supply similar range of products:
- SUN RISE CHEMICAL IND CO LTD
- CHEMITECH CO LTD
- TAI-YOUNG HIGH TECH CORP
- FUJI-HUNT TAIWAN CO LTD
- UPC TECHNOLOGY CORP
- SINON CORP
- SCINOPHARM TAIWAN LTD
- STANDARD CHEM & PHARM CO LTD
- DELTA SYNTHETIC CO LTD
- SCI PHARMTECH INC
- SOLAR FINE CHEMICAL CO LTD
- T N C INDUSTRIAL (CHEMICAL) CO LTD
- ALLIED INDUSTRIAL CORP LTD
- EVERTEX DYEING & FINISHING CO LTD
- EXON SCIENCE INC
- WELL-BEING BIOCHEMICAL CORP
- CHENG FONG CHEMICAL CO LTD
- CHUNGHWA CHEMICAL SYNTHESIS & BIOTECH CO LTD
- SYN-TECH CHEM & PHARM CO LTD
- CHEMTEX CO LTD
- KUAN CHUAN CHEMICAL INDUSTRIES LTD
- T&T INDUSTRIES CORP
- YUNG CHI PAINT & VARNISH MFG CO LTD
*Production Capacity*
==================
(1)
Year :
1988
Item :
Dyestuffs (all types)
Capacity :
4,629 tons/year
(2)
Year :
1989
Item :
Dyestuffs (all types)
Capacity : 5,518 tons/year
(3)
Item :
Reactive dyestuffs
Current Capacity : 2,500
tons/year
(4)
Year :
2002
Item :
Dyestuffs Chemical
Capacity :
25,647 tons/year
(5)
Year :
2002
Item :
Special Chemical
Capacity :
1,824 tons/year
(6)
Year :
2002
Item :
Chemical for Medicine
Capacity : 14,057 tons/year
(7)
Year :
2002
Item :
Chemical for electronic
Capacity :
8,645 tons/year
(8)
Item :
Colorant chemicals
Maximum Capacity : 40,000 (NTD 1000/Tons)
Current capacity : 31,285
(NTD 1000/Tons)
Year :
2007
(9)
Item :
Specialty chemicals
Maximum Capacity : 4,000 (NTD 1000/Tons)
Current capacity : 1,972 (NTD
1000/Tons)
Year : 2007
(10)
Item :
Photoresist
Maximum Capacity : 100,000 (NTD 1000/Gallons)
Current capacity :
24,876 (NTD 1000/Gallons)
Year :
2007
(11)
Item :
Other related electronic chemicals
Maximum Capacity : 10,000 (NTD 1000/Tons)
Current capacity : 3,831(NTD
1000/Tons)
Year :
2007
(12)
Item :
Active pharmaceutical ingredients
Maximum Capacity : 25,000 (NTD 1000/Grams)
Current capacity :18,715 (NTD
1000/Grams)
Year :
2007
(13)
Item :
Other related medical chemicals
Maximum Capacity : 12,000 (NTD 1000/KG)
Current capacity : 3,733 (NTD
1000/KG)
Year :
2007
(14)
Item :
Nanometer materials
Maximum Capacity : 100 (NTD 1000/Tons)
Current capacity : 7.2 (NTD
1000/Tons)
Year :
2007
Production capacity as per factory:
Factory 1
--------------
Item : Dyes
Current Capacity : 17,000 tons/year
Factory 2
--------------
Item : Dyes
Current Capacity : 18,000 tons/year
Factory 3
--------------
Item : UVA
Current Capacity : 4,000 tons/year
*Local Distribution Network*
=======================
An estimated 86% of the annual turnover is attributed to local
sales.
*Export Markets*
==============
An estimated 14% of the annual turnover is attributed to exports
worldwide, including Honduras.
Products are exported to the following regions :
Country % of Exports
-----------
------------------
Asia
44.1
America 15.1
Europe 12.8
Others 2.4
*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 156
1996 159
1995 200
1994 173
1993 158
1991 152
1990 171
2004 266
2005 262
2007 235
*International Exhibition Participation*
==============================
Participated in the following international exhibition:
(1)
Exhibition fair : ITMA
International Textile Machinery Exhibition
Dates attended : 22-29 October, 2003
Location : Birmingham,
United Kingdom
(2)
Exhibition fair : CPHI
Dates attended : 21-23 April,
2004
Location : Taiwan
Pavillion, Tokyo Japan
(3)
Exhibition fair : China
Interdye 2005
Dates attended : 26-28 April,
2005
Location : INTEX
Shanghai China
(4)
Exhibition fair : European
Coatings Show 2005 (ECS)
Dates attended : 26-28 April,
2005
Location : Nuremberg
Exhibition Center, Nuremberg Germany
*LOCAL BRANCHES & MANAGEMENT*
================================
Branch : EVERLIGHT CHEMICAL INDUSTRIAL CORP - TAIPEI CITY
Branch Address : 6Fl, 77 Tun Hwa North Rd Ta-an Dist, Taipei City, 106
Branch Email : sales@ecic.com
Branch : EVERLIGHT CHEMICAL INDUSTRIAL CORP (FACTORY 2) - TAOYUAN HSIEN
Branch Address : Kuanyin Industrial Park 12 Industrial 3 Rd Kuanyin
Hsiang, Taoyuan Hsien 328
Branch Tel : [+886] 3-4838088
Branch Fax : [+886] 3-4833882
Branch Employees : 300
Branch : EVERLIGHT CHEMICAL INDUSTRIAL CORP (FACTORY 3) - TAOYUAN HSIEN
Branch Address : Kuanyin Industrial Park 937 Chen Kuang Rd Section 2
Kuanyin Hsiang, Taoyuan Hsien 328
Branch Tel : [+886] 3-4837682
Branch Fax : [+886] 3-4838008
Branch Employees : 110
Branch : EVERLIGHT CHEMICAL INDUSTRIAL CORP (ELECTRONIC CHEMICAL &
PHARMACEUTICAL PLANT)
Branch Address : Kuanyin Industrial Park 12 Industrial Third Rd Kuanyin
Hsiang, Taoyuan Hsien 328
Branch Tel : [+886] 3-4838088
Branch Employees : 50
*(Subsidiaries , Joint-ventures & Affiliates)
===============================
Company Name : E'COS BIOTECH CORP
Country : Taiwan
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : ELITE FOREIGN TRADING INC
Address : Mersin Free Zone Mersin Turkey
Country : Turkey
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : ETHICAL INT'L TRADING & WAREHOUSING (SHANGHAI) CO LTD
Address : Rm 1, 11Fl Super Ocean Finance Center 2067 Yan-an West Rd
Shanghai 200336 China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : EVERLIGHT (SHANGHAI) LTD
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : EVERLIGHT (SUZHOU) ADVANCED CHEMICALS LTD
Address : Suzhou Indusrial Park 33 Ping Sheng Rd Suzhou 215126 Jiangsu
China
Country : China
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Chemicals
Company Name : EVERLIGHT CHEMICALS (SINGAPORE) PTE LTD
Country : Singapore
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : EVERLIGHT EUROPE BV
Address : Sydneystraat 114 Rotterdam 3047 Netherlands
Country : Netherlands
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : EVERLIGHT HONDURAS SA
Country : Honduras
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : EVERLIGHT HONG KONG LTD
Address : Rm 1704, 17Fl Metroplaza - Tower 2 223 Hing Fong Rd Kwai Chung
New Territories Hong Kong
Country : Hong Kong
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : EVERLIGHT USA INC
Address : Southern Loop Business Park 10507 Southern Loop Blvd Pineville
28134 North Carolina USA
Country : USA
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : GUANGZHOU ETHICAL TRADING CO LTD
Address : Rm 409 Regal Business Center 574-578 Tian He North Rd
Guangzhou China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : QINGDAO ETHICAL TRADING CO LTD
Address : 608 National Highway #308 Licang Dist Qingdao 266100 Shandong
China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
Company Name : TREND TONE IMAGING INC
Address : Hsinchu Science-Based Industrial Park 3 Industry East 1st Rd
Hsinchu City 300 Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Chemicals
Company Name : YUNG HUI INVESTMENT CO LTD
Country : Taiwan
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Financial Services - General
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains marketing network of more than 80 countries around the world.
*Strategic Partners & Alliances*
=========================
Group name : EVERLIGHT
CHEMICAL Group
Year established : 1997
*OVERSEAS AGENTS AND DISTRIBUTORS*
====================================
Agent : WINIMEX INDUSTRY CO LTD
Country of Origin : Thailand
Product Description : Chemicals
Brand : Everlight
Year : 2000
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.
*BANK DETAILS*
==============
Bank Name : CHIAO
TUNG BANK CO LTD
Branch :
Ta-an Dist, Taipei City
Branch Address : 182
Hsin Yi Rd Section 3
SWIFT Code :
BKCMTWTP
Bank Name : TAIWAN COOPERATIVE BANK
Branch :
Ta-an Dist, Taipei City
Branch Address : 77
Kuan Chien Rd Chungcheng Dist Taipei City 100 (Head Office)
SWIFT Code :
TACBTWTP
Balance Sheet
Currency : NTD
Denomination : in Thousands
2006 2007
------------- -------------
Assets
Current Assets
3,279,936 3,575,869
Funds & long-term investments 1,168,040 1,358,642
Property
2,613,682 2,484,636
Other Assets
59,553 35,114
Current Liabilities (Before) 2,016,317 1,824,080
(After) 2,139,916 -
Long-term Liabilities - 450,000
Other Liabilities
60,894 52,160
Common stock
3,788,560 3,846,720
Capital Reserve 473,558 473,558
Retained Earnings (Before) 745,099 731,270
(After) 621,500 -
Total Assets
7,121,211 7,454,261
Total Liabilities (Before) 2,077,211 2,326,240
(After) 2,200,810 -
Total Shareholder's Equity (Before) 5,044,000 5,128,021
(After) 4,920,401 -
Income Statement
Currency : NTD
Denomination : in Thousands
2006 2007
------------- -------------
Operating revenue 4,943,845 5,886,570
Gross Profit
885,767 734,241
Operating Income 155,641 (37,190)
Non-operating income 107,349 252,080
Non-operating expense 65,006 82,577
Net Income
12,223 109,770
Earnings (losses) per share
(After)
0.32 0.29
*Financial Ratios*
==============
2006 2007
------------- -------------
Ratio of liabilities to Assets % 29.00 31.00
Ratio of long-term capital to
fixed
Assets %
193.00 225.00
Current ratio % 163.00 196.00
Quick ratio % 69.00 92.00
Interest coverage 4.00 3.00
Turnover of receivable (times) 5.00 5.11
Average collection period of receivable 79.00 71.00
Turnover of inventories (times) 2.42 2.79
Average days of sales 151.00 131.00
Turnover of fixed assets (times) 1.89 2.37
Turnover of total assets (times) 0.69 0.79
Return on total assets % 0.17 1.47
Operating Income 4.00 (1.00)
Net Income before tax 5.00 3.00
Profit margin % 0.24 1.86
Retroactive
0.32 0.29
Cash flows ratio % 13.00 6.00
Cash flows adequacy % 97.00
85.00
Cash reinvestment ratio% 1.00 -
Degree of operating leverage 9.10 (31.67)
Degree of financial leverage
1.60 0.34
*Financial History*
===============
1988 - NTD 120 million (USD 4.2 million) was invested in the factory.
About NTD 100 million (USD 3.1 million) was spent in enlarging production
facilities.
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
1998 $142,230,633.33 $202,791,433.33 $11,045,666.67
1999 $120,750,187.50 $221,174,843.75 $6,943,968.75
2000 $119,417,573.87 $239,463,452.57 $4,953,032.66
2001 $114,951,625.07 $203,756,442.25 $3,202,872.90
2002 $115,951,767.75 $192,016,470.25 $6,799,310.15
2003 $120,056,689.73 $188,756,776.24 $7,658,246.83
2004 $131,533,924.81 $195,285,473.68 $10,358,827.07
2005 $141,046,824.64 $208,658,451.82 $3,845,086.89
2006 $149,451,178.96 $215,272,400.24 $3,694,770.25
2007 $177,627,338.56 $224,932,438.14 $3,312,311.41
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports Total
2001 $50,002,611.72 $50,002,611.72 $100,005,223.44
2002 $50,689,304.40 $80,158,404.71 $130,847,709.11
2003 $47,887,707.99 $84,725,092.01 $132,612,800.00
2004 $51,170,688.00 $92,319,458.02 $143,490,146.02
2005 $61,319,115.32 $109,478,672.99 $170,797,788.31
2006 $58,668,379.69 $104,746,070.13 $163,414,449.82
2007 $83,000,000.00 $13,001,176.83 $96,001,176.83
*Financial Advisor*
================
BLUE CHIP CAPITAL ASSOCIATES
SC is considered large-sized in its line with a long development
history. The above credit amount appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2899 Chemical
preparations,
Importing 2899 Chemical
preparations,
Importing 3823 Industrial
instruments for measurement, display, and control of process variables; and
related products
Manufacturing 2800 Chemicals
and Allied Products
Manufacturing 2816 Inorganic
pigments
Manufacturing 2819 Industrial
inorganic chemicals,
Manufacturing 2899 Chemical
preparations,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2918903500 Aromatic odoriferous or flavoring compounds
Exporting 2933390000 Compounds containing an unfused pyridine ring (whether or not
hydrogenated) in the structure
Exporting 2933393500 Other drugs containing an unfused pyridine ring (whether or not
hydrogenated) in the structure
Exporting 2937100000 Pituitary (anterior) or similar hormones
Exporting 2937990000 Hormones and their derivatives, steroids used primarily as
hormones
Exporting 2942000000 Organic compounds
Exporting 3204110000 Disperse dyes and preparations based thereon
Exporting 3204120000 Acid dyes, whether or not premetallized, and preparations based
thereon; mordant dyes & preparations based thereon
Exporting 3204140000 Direct dyes & preparations based thereon
Exporting 3204160000 Reactive dyes & preparations based thereon
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Inorganic
chemicals
Exporter Pharmaceutical
Exporter Intermediates, chemical
Importer Chemical
additives
Importer Testing &
laboratory equipment
Importer Dehumidifiers
Importer Pharmaceutical
bottles
Importer Water
purification equipment
Importer Ethylenediamine
Manufacturer Pharmaceutical
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Trading Activity
Asia / Pacific Exporting,Importing
Europe Exporting,Importing
Middle-East Exporting
North America Exporting,Importing
South America Exporting,Importing
Argentina Exporting
Australia Exporting
Bangladesh Exporting
Belgium Exporting,Importing
Brazil Exporting
Canada Exporting,Importing
Chile Exporting,Importing
China Exporting,Importing
Colombia Exporting
Denmark Importing
Dominican Republic Exporting
Egypt Exporting
Fiji Exporting
France Exporting,Importing
Germany Exporting,Importing
Greece Exporting
Guatemala Exporting
Hong Kong Exporting,Importing
India Exporting,Importing
Indonesia Exporting
Iran Exporting
Israel Exporting
Italy Exporting
Japan Exporting,Importing
Lebanon Exporting
Macao Exporting
Malaysia Exporting,Importing
Mauritius Exporting
Mexico Exporting
Netherlands Exporting,Importing
New Zealand Exporting
Nigeria Exporting
Norway Importing
Pakistan Exporting
Peru Exporting
Philippines Exporting
Portugal Exporting
Saudi Arabia Exporting
Singapore Exporting,Importing
South Africa Exporting
South Korea Exporting,Importing
Spain Exporting,Importing
Sri Lanka Exporting
Sweden Importing
Switzerland Exporting,Importing
Thailand Exporting,Importing
Turkey Exporting
USA Exporting,Importing
United Arab Emirates Exporting
United Kingdom Exporting,Importing
Venezuela Exporting
Vietnam Exporting
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.42.30 |
|
UK Pound |
1 |
Rs.84.03 |
|
Euro |
1 |
Rs.66.42 |
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%)