MIRA INFORM
REPORT
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Report Date : |
27.01.2011 |
IDENTIFICATION DETAILS
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Name : |
CHANG CHUN PLASTICS CO LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
28.12.1957 |
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Com. Reg. No.: |
11384708 |
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Legal Form : |
Public Company |
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Line of Business : |
Manufacturing of Materials |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
USD 15,000,000 |
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Status : |
Excellent |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made on
e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – June 30, 2010
|
Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
CHANG
CHUN PLASTICS CO LTD
7FL STATE BLDG 301 SUNG
TEL: 886-2-25038131 FAX: 886-2-25018018
EXECUTIVE SUMMARY
INCORPORATION DATE : DECEMBER 28, 1957
REGISTRATION NO. : 11384708
LEGAL FORM :
PUBLIC COMPANY
CHIEF EXECUTIVE : MR. SHU-HUNG LIN (PRESIDENT)
STAFF STRENGTH : 1,544
CAPITAL :
NTD 3,404,802,610
BUSINESS LINE : MANUFACTURER
TURNOVER :
NTD 32,322,558,000 (AS OF DECEMBER, 2009)
EQUITIES :
NTD 24,972,515,000 (AS OF DECEMBER, 2009)
PAYMENT :
EXCELLENT
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STRONG
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : WELL
KNOWN
EXCHANGE RATE :
TWD 29.01874 = 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 –
Name in Local Language : 長春人造樹脂廠股份有限公司
*Company History*
===============
1947 - Established by
Messrs Ming-kuen Liao, Shu-hung Lin and Hsin-yi Cheng for the purpose of
manufacturing
phenolic molding compound.
1968 - Established
Shihpai factory.
1971 - Established
1979 - Established
Hsinchu factory.
1993 - Established Tafa
factory.
2004 - Reported in local
newspaper that it paid SUMITOMO CHEMICAL CO LTD - EMC Dept. for
NTD
2,000,000,000.
2005 - Completed the
construction of the 2nd line of Glass Epoxy Copper Clad Laminate with a total
capacity of
- Completed the
Epoxy Resin Plant with capacity of 6,000MT/Y immigrated from SUMITOMO
CHEMICAL CO LTD,
-
123,000MT/Year of Acetone and 200,000MT/Year of Phenol and 280,000MT/Y of
Cumene were
put on stream
at Ta-Fa Factory.
- 135,000MT/Y
of Bis-Phonol A was put on stream at Ta-Fa Factory.
- Liquid Epoxy
Resin with capacity of 30,000MT/Y at Ta-Fa factory was put on stream.
- Kaohsiung
Factory of CHANG CHUN PLASTICS CO LTD passed the verification of ISO-14001
(2004
edition).
- The
Co-generation plant with capacity of 330MT/hr steam and 49,900KW power of CHANG
CHUN
PETROCHEMICAL
at Ta-Fa was completed.
- Methylated
Melamine Formaldehyde Resin and EL grade Hydrogen Peroxide started-up at
CHANG CHUN
CHEMICAL (
- Started
construction of Polytetramehtylene-Ehter-Glycol and 1,4-Butanediol at
DAIREN
CHEMICAL CO LTD
- The third
Plant of Vinyl Acetate Monomer at
started-up
with capacity of 350,000MT/Y.
2006 - Ortho Cresol
Novalac Resin started-up with capacity of 3,600MT/Y at
- Low
Brominated Resin with capacity of 16,800MT/Y at Ta-Fa Factory was put on
stream.
- Polyvinyl
Butyral Interlayer Film started-up with capacity of 2,000MT/Y of CHANG CHUN
PETROCHEMICAL CO LTD at Miao Li factory.
- Low
Brominated Resin started-up at CHANG CHUN CHEMICAL (JIANGSU) CO LTD
- The third
Plant of Allyl Alcohol at
with capacity of 200,000MT/Y.
2007 - Ethylene-Vinyl
Alcohol Copolymer started-up with capacity of 20,000MT/Y of CHANG CHUN
PETROCHEMICAL
CO LTD at
- Polyvinyl
Alcohol Acetic Ester and PBT Resin started-up at CHANG CHUN CHEMICAL
(
- Established
CHANG LONG CHEMICAL(SHENZHEN) CO LTD,
LONG CHEMICAL
(SHENZHEN) CO LTD,
*OTHER LICENSE*
================
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory I license
License Number : 63020496
Date of Issuance : 3 Mar, 1959
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory II license
License Number : 99630352
Date of Issuance : 1 Aug, 1979
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license
License Number : 99653930
Date of Issuance : 14 Nov, 2002
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory I license
License Number : 99661991
Date of Issuance : 31 Dec, 1990
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory II license
License Number : 99685671
Date of Issuance : 26 Nov, 2004
*CAPITAL (Currency: NTD - New
=====================================
Authorized Capital: 3,404,802,610
Paid-up Capital: 3,404,802,610
Date Paid-up Capital - History
------ ------------------------------
1984 577,200,000
1985 717,000,000
1986 987,000,000
1991 1,928,120,000
1992 2,217,338,000
1994 2,660,805,600
2004 3,371,091,690
2008 3,404,802,610
*Factories, Size & Locations*
=======================
Name : CHANG CHUN PLASTICS CO LTD - PEITOU DIST,
Building Size : 3,282 Square meters
Employees : 200
Address :
Country :
Status : Operational
Name : CHANG CHUN PLASTICS CO LTD - MAILIAO HSIANG, YUNLIN HSIEN
Building Size : 2,000 Square meters
Employees : 150
Address : 27
Country :
Ownership of Property : Rented / Leased
Status : Operational
Name : CHANG CHUN PLASTICS CO LTD - TALIAO HSIANG,
Building Size : 30,000 Square meters
Employees : 204
Address :
Country :
Ownership of Property : Rented / Leased
Status : Operational
Tel : [+886] 3-5981511
Fax : [+886] 3-5981676
*REAL ESTATE OWNERSHIP*
=========================
The following property / ies are owned by CHANG CHUN PLASTICS CO LTD :
Property Name : CHANG CHUN PLASTICS CO LTD - CHUNGSHAN DIST,
Type of Property : Office located in a building - Strata title
Address :
Office Size : 782 Square meters
Estimated Value : NTD 165,000,000.00
Property Legal Status : Not mortgaged
Property Name : CHANG CHUN PLASTICS CO LTD - JENWU HSIANG,
Type of Property : Factory
Address : Jen Wu
Building Size : 21,809 Square meters
Estimated Value : NTD 1,320,000,000.00
Property Legal Status : Not mortgaged
Property Name : CHANG CHUN PLASTICS CO LTD - HUKOU HSIANG,
Type of Property : Factory
Address :
Building Size : 112,240 Square meters
Estimated Value : NTD 7,407,600,000.00
Property Legal Status : Not mortgaged
*REPUTATION*
=============
Reference checking for the purpose of establishing the CHANG CHUN
PLASTICS CO LTD's reputation within the respective industry failed to reveal
any adverse information.
*ACCOUNTANTS*
================
KPMG
*AUDITORS*
===========
KPMG
www.ccp.com.tw
this website belongs to “CHANGCHUN GROUP”. The design is professional and the
content is well organized. At present it is in Japanese, Chinese and English
versions.
E-mail: shlin@smtp.ccp.com.tw
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 %
Public n/a n/a -
Mr. Hsin-yi Cheng
Mr. Long-hsing Liao
Mr. Shu-hung Lin
Mr. Hsien-tung Lin
Mr. Cheng Cheng
Ms. Ching-jung Lin
Ms. Chung-yu Liao
Mr. Hsien-chin Chen
Mr. Hsuan-yi Liao
Ms. Wan-chih Cheng
Ms. Jung-tsung Chen
Name Nationality
Job Description Dept. / Division
Mr. Yi-ming Ho Taiwanese
Manager Administration
Ms. Ching-jung Lin Taiwanese
Supervisor Administration
Mr. Kun-yuan Huang Taiwanese Manager Factory
Mr. En-teh Lin Taiwanese
Manager Factory
Mr. Tzu-jen Wang Taiwanese
Manager Factory
Mr. Teng-chang Wu Taiwanese Manager Accounts
Mr. Shu-hung Lin Taiwanese
President -
Mr. Shih-kuang Su Taiwanese
Vice General Manager -
Mr. Hsin-yi Cheng Taiwanese
General Manager -
Mr. Long-hsing Liao Taiwanese
Vice General Manager -
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Hsin-yi Cheng
Email : sytseng@smtp.ccp.com.tw
2
Name : Mr. Yi-ming Ho
3
Name : Mr. Kun-yuan Huang
4
Name : Mr. Long-hsing Liao
5
Name : Ms. Ching-jung Lin
6
Name : Mr. En-teh Lin
7
Name : Mr. Shu-hung Lin
Email : shlin@smtp.ccp.com.tw
Date of Birth : 1 Aug, 1928
Country University / College name Qualification Major
Other Positions
Country Company name Position
Taiwan CHANG CHUN
PETROCHEMICAL CO LTD Chairman
China DAIREN
CHEMICAL JIANGSU CO LTD General
Manager
Taiwan TAI HONG
CIRCUIT INDUSTRIAL CO LTD n/a
8
Name : Mr. Shih-kuang Su
9
Name : Mr. Tzu-jen Wang
10
Name : Mr. Teng-chang Wu
11
Name : Mr. Cheng Cheng
Nationality : Taiwanese
12
Name : Mr. Hsien-chin Chen
Nationality : Taiwanese
13
Name : Mr. Hsien-tung Lin
Nationality : Taiwanese
14
Name : Mr. Hsuan-yi Liao
Nationality : Taiwanese
15
Name : Mr. Long-hsing Liao
Nationality : Taiwanese
16
Name : Ms. Chung-yu Liao
Nationality : Taiwanese
17
Name : Ms. Jung-tsung Chen
Nationality : Taiwanese
18
Name : Ms. Pi-e Liao Lee
Nationality : Taiwanese
*CORE BUSINESS DESCRIPTION*
===========================
Core Business
------------------
The primary business focus of CHANG CHUN PLASTICS CO LTD is:
·Manufacturing - Materials
An integral part of the core business includes:
·Research & Development (R&D)
·Distribution
Supplementary Business
------------------------------
In addition to the core business, CHANG CHUN PLASTICS CO LTD also is
engaged in the following areas of business:
Exporting
·Exporting - Raw materials
Importing
·Import agency - Raw materials
*Primary Products*
==============
Activity Products / Materials /
Services Description
Manufacturing Acrylamide
Manufacturing Alkyd resin
Manufacturing Amino resins
Manufacturing Anaerobic
adhesives
Manufacturing Bakelite
powder
*Payment Terms*
==============
Selling
---------
Type Terms
Local Cash on delivery
(COD)
Credit - Secured with Post-dated checks
30~60 days
Export Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Received at
time of transaction
Purchasing
-------------
Type Terms
Local Cash on delivery
(COD)
Credit - Secured with Post-dated checks
30~60 days
Import Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Executed at
time of transaction
*PRODUCT, BRAND, LOGO - LICENSING*
==================================
Licensor Name Licensing Type Licensing Date License
Details
BAYER AG - Advertising rights 1966 n/a
*Production Capacity*
==================
Item Year
Current Capacity Maximum Capacity Unit Measure
Special purpose chemicals 2009
705,984 873,777 Tons
Special purpose chemicals 2008
575,595 600,052 Tons
Electron chemicals & material 2008
53,105 95,334 Tons
Electron chemicals & material 2009
57,492 95,334 Tons
Synthetic resin & materials 2008
118,115 190,511 Tons
Synthetic resin & materials 2009
112,346 185,674 Tons
*ASSOCIATIONS*
===============
* COMPETITORS*
===============
The following is a representative list of local competitors:
ETERNAL CHEMICAL CO LTD
GINAR TECHNOLOGY CO LTD
HENKEL TAIWAN LTD
NYTEX COMPOSITES CO LTD
ROHM & HAAS TAIWAN INC
STAR ONE INDUSTRIAL CO LTD
*QUALITY ACCREDITATION*
=========================
INTERNATIONAL STANDARDS ORGANIZATION (ISO) 14001
INTERNATIONAL STANDARDS ORGANIZATION (ISO) 9002
QUALITY SERVICE (QS) 9000
INTERNATIONAL STANDARDS ORGANIZATION (ISO) 9001:2000
*DOMESTIC SALES & PURCHASES*
=============================
Annual Sales Analysis Percentage
--------------------------- --------------
Domestic Sales 35%
International Sales (Export) 65%
Annual Purchases Analysis Percentage
--------------------------- --------------
Local Purchases 70%
Imports 30%
*Demographic Analysis*
===================
Key Area of Sales Percentage
Eastern Coast 2%
Other Areas 65%
*Sales Channel Analysis*
==================
Sales Channel Sales
Channel Ownership Percentage
Direct end-user /consumer Owned
by Subject Business Entity (SBE) 100%
customer sales - via sales team
*DOMESTIC SUPPLIERS*
=====================
CHANG CHUN PETROCHEMICAL CO LTD 31507968
CHINA AMERICAN PETROCHEMICAL CO LTD 31507651
DAIREN CHEMICAL CORP 31511016
TAIWAN PROSPERITY CHEMICAL CORP 31547960
TRIPLEX CHEMICAL CORP 31551289
*DOMESTIC CUSTOMERS*
======================
ACHEM TECHNOLOGY CORP
CHANG CHIANG CHEMICAL CO LTD
CHANG CHUN PETROCHEMICAL CO LTD
CHIMEI-ASAHI CORP
CHINA PETROCHEMICAL DEVELOPMENT CORP
CHING KUANG CHEMICAL CO LTD
CHINGCHIA CORP
DAIREN CHEMICAL CORP
ETERNAL CHEMICAL CO LTD
KAOHSIUNG MONOMER CO LTD
POLYPLASTICS TAIWAN CO LTD
SUMITOMO CORP TAIWAN LTD
TAI HONG CIRCUIT INDUSTRIAL CO LTD
TSANN KUEN ENTERPRISE CO LTD
TSUKONG CO LTD
*OVERSEAS SUPPLIERS*
=====================
BROMINE COMPOUNDS LTD
CHINA COAL HONG KONG LTD
MITSUBISHI CORP
MITSUI & CO LTD
NIPPON OIL CORP
SABIC ASIA PACIFIC PTE LTD-
SABIC ASIA PACIFIC PTE LTD-
SHENZHEN MANJINGHUA INDUSTRY CO LTD
SK NETWORKS CO LTD
SUMITOMO CORP
*OVERSEAS CUSTOMERS*
======================
THAI POLYCARBONATE CO LTD
*LOCAL BRANCHES & MANAGEMENT*
==================================
Branch : CHANG CHUN PLASTICS CO LTD - JENWU HSIANG,
Branch Address : Jen Wu
Branch Tel : 886-7-3711301
Branch Fax : 886-7-3710819
Branch : CHANG CHUN PLASTICS CO LTD - MAILIAO HSIANG, YUNLIN HSIEN
Branch Address : 27
Branch Tel : 886-5-6812790
Branch Fax : 886-5-6812798
Branch : CHANG CHUN PLASTICS CO LTD - TALIAO HSIANG,
Branch Address :
Branch Tel : 886-7-7872654
Branch Fax : 886-7-7872408
Branch : CHANG CHUN PLASTICS CO LTD - SHIHLIN DIST,
Branch Address :
Branch Tel : 886-2-28232813
Branch : CHANG CHUN PLASTICS CO LTD - KUEIJEN HSIANG,
Branch Address :
Branch Tel : 886-6-2391611
Branch Fax : 886-6-2390024
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Business Entity Name: ADEKAPRECISION CHEMICAL INDUSTRY (CHANGSHU) CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Chemicals
Business Entity Name : CHANDAL INDUSTRIAL CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Chemicals
Business Entity Name : CHANG CHUN CHEMICAL (CHANGSHU) CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Chemicals
Business Entity Name : CHANG CHUN CHEMICAL (JIANSU) CO LTD
Country :
Relationship : Affiliate
Business Entity Name : CHANG CHUN DAIREN UK LTD
Country :
Relationship : Affiliate
Business Entity Name : CHANG CHUN DPN CHEMICAL INDUSTRY CO LTD PT
Country :
Relationship : Subsidiary
Primary Business Activity : Manufacturer
Industry : Chemicals
Business Entity Name : CHANG CHUN JAPAN CO LTD
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : CHANG CHUN MERISOL RSA (PTY) CO LTD
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : CHANG CHUN PETROCHEMICAL CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Manufacturer
Industry : Petrochemicals
Business Entity Name : CHANG CHUN PLASTIC (CHANGSHU) CO LTD
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : CHANG LONG CHEMICAL INDUSTRY (SHEN ZHEN) CO LTD
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Chemicals
Business Entity Name : CHANG REN CCP INDUSTRIAL CO LTD
Country :
Relationship : Invested Entity - Minor Equity
Primary Business Activity : Trader
Industry : Chemicals
Business Entity Name :
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Chemicals
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Manufacturer
Industry : Chemicals
Business Entity Name : DAIREN CHEMICAL CORP
Country :
Relationship : Affiliate
Primary Business Activity : Manufacturer
Industry : Chemicals
Business Entity Name : DAIREN CHEMICAL JIANGSU CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Manufacturer
Industry : Chemicals
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Chemicals
Business Entity Name : JILIN CHEMICALS CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Chemicals
Business Entity Name : POLYPLASTICS TAIWAN CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Manufacturer
Industry : Chemicals
Business Entity Name : ROGERS CHANG CHUN TECHNOLOGY CO LTD
Country :
Relationship : Joint-Venture
Primary Business Activity : Manufacturer
Industry : Plastics & Products
Business Entity Name : SUMITOMO BAKELITE (
Country :
Relationship : Affiliate
Primary Business Activity : Manufacturer
Industry : Chemicals
Business Entity Name : TAI HONG CIRCUIT INDUSTRIAL CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Manufacturer
Industry : Electronic Products & Components
Business Entity Name : TRIPLEX CHEMICAL CORP
Country :
Relationship : Affiliate
Primary Business Activity : Manufacturer
Industry : Chemicals
Business Entity Name : TSUKONG CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Chemicals
Business Entity Name : U-PICA RESIN (CHANGSHU) CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Plastics & Products
*STRATEGIC PARTNER/S & ALLIANCES*
==================================
Group /
Recognition Status: The CHANG CHUN GROUP is not a formally registered business
entity name in
Member companies belonging to CHANG CHUN GROUP
CHANDAL INDUSTRIAL CO LTD
CHANG CHUN PETROCHEMICAL CO LTD
DAIREN CHEMICAL CORP
JILIN CHEMICALS CO LTD
ROGERS CHANG CHUN TECHNOLOGY CO LTD
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 : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,
Branch Address : Central Dist,
SWIFT Code : CCBCTWTP
Bank Name : CITIBANK NA
Branch : Sungshan Dist,
Branch Address : Sungshan Dist,
SWIFT Code : CITITWTX
Bank Name : FIRST COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address : Chungcheng Dist,
SWIFT Code : FCBKTWTP
Balance Sheet
Currency : NTD
Denomination : 1
Financial Year Ending : December
Financial Highlights As
of 2007 As of 2008 As of 2009
------------------ ------------------ -----------------
Current Assets(*) 16,512,231,000 12,192,802,000 13,763,031,000
Funds & long-term investments 5,220,776,000 5,598,875,000 7,883,747,000
Property 10,735,813,000 12,936,172,000 12,181,700,000
Intangible Assets 308,636,000
146,154,000 123,377,000
Other Assets 240,172,000 171,529,000 186,184,000
------------------- -------------------- --------------------
Non Current Assets(*) 16,505,397,000 18,852,730,000 20,375,008,000
------------------ ------------------- ---------------------
Total Assets(*) 33,017,628,000 31,045,532,000 34,138,039,000
Current Liabilities(*) 8,468,939,000 5,815,097,000 7,107,548,000
Long-term Liabilities 1,218,667,000 918,667,000 618,667,000
Other Liabilities 1,364,799,000
1,363,362,000 1,439,309,000
----------------- ------------------ --------------------
Non Current Liabilities(*) 2,583,466,000 2,282,029,000 2,057,976,000
------------------- --------------- ------------------
Total Liabilities(*) 11,052,405,000 8,097,126,000 9,165,524,000
Share Capital(*) 3,371,092,000 3,371,092,000 3,404,803,000
Total Shareholder's Equity (Before) 21,965,223,000 22,948,406,000 24,972,515,000
Income Statement
Currency : NTD
Denomination : 1
Financial Year Ending : December
Financial Highlights As
of 2007 As of 2008 As of 2009
------------------ ------------------ -----------------
Turnover(*) 42,170,957,000 38,435,572,000 32,322,558,000
Operating Income 5,451,542,000
2,871,225,000 2,481,337,000
Non-operating income 848,929,000
692,592,000 420,790,000
Non-operating expense 248,605,000 1,731,970,000 85,913,000
Profit After Tax attributable to Shareholders(*) 5,142,237,000 1,502,739,000 2,244,589,000
*Financial Ratio*
=============
Financial Highlights As
of 2007 As of 2008 As of 2009
------------------ ------------------ -----------------
Growth %
Year-on-Year Growth - (8.86) (15.90)
Profitability
Profit Margin (%) 12.19 3.91 6.94
Return on Assets (%) 15.57 4.84 6.58
Asset Management
Total Assets Turnover (Times) 1.28 1.24 0.95
Fixed Assets Turnover (Times) 2.55 2.04 1.59
Liquidity
Current Ratio 1.95 2.10 1.94
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
1998 $386,863,900.00 $438,078,633.33 $20,386,666.67
1999 $394,416,843.75 $455,240,156.25 $37,748,406.25
2000 $452,294,556.77 $487,852,846.03 $44,164,790.05
2001 $359,375,333.72 $438,390,249.56
$25,977,916.42
2002 $377,473,756.83 $462,120,264.44 $38,112,043.69
2003 $423,883,333.33 $554,766,810.84 $28,601,528.26
2004 $538,181,112.78 $676,017,203.01 $41,358,736.84
2005 $769,432,480.25 $876,107,488.15 $33,211,184.83
2006 $973,770,374.85 $898,911,215.24 $66,347,944.38
2007 $1,272,509,263.73 $996,307,423.05 $155,167,079.06
2008 $1,193,651,304.35 $964,146,956.52 $46,668,913.04
2009 (*) $1,004,742,244 $1,061,176,220 $69,772,739
Note: (*)
Financials listed
are the most recent available for this company.
*Int´l Trade Activity (Currency:
=============================
Year Imports Exports Total
2000 $148,196,607.99 $171,436,501.99 $319,633,109.98
2001 $127,182,620.95 $130,153,943.70 $257,336,564.65
2002 $127,978,950.01 $126,623,423.00 $254,602,373.01
2003 $157,440,828.00 $146,458,326.99 $303,899,154.99
2004 $217,682,624.99 $197,697,092.00 $415,379,716.99
2005 $266,675,007.99 $347,867,298.58 $614,542,306.57
2006 $367,291,414.75 $476,420,798.07 $843,712,212.82
2007 $422,148,461.07 $547,676,523.84 $969,824,984.91
2008 $427,018,633.54 $578,260,869.57 $1,005,279,503.11
2009 $352,592,148 $539,710,359 $892,302,507
SC is considered large-sized in its line with a long development
history. Credit dealings with SC in favorable terms can be considered.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing, Trading 2891 Adhesives and sealants
Importing 3563 Air and gas compressors, and parts and
attachments,
Manufacturing, Trading 2899 Chemical preparations,
Manufacturing, Trading 5169 Chemicals/Allied Prdts, NEC
Importing 3564 Fans and blowers, except household type;
dust collection and air purification
equipment; and
parts,
Manufacturing, Trading 2861 Gum and wood chemicals
Exporting 3500 Industrial Machinery & Equipment
Exporting 3491 Industrial Valves
Importing 3823 Industrial instruments for measurement, display,
and control of process variables; and related products
Importing 3800 Instruments & Related Products
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2910300000 1-chloro-2,3-epoxypropane (epichlorohydrin)
Importing 2908100500 2,2,-bis(4-hydroxyphenyl)-1,1,1,3,3,3-hexafluoropropane
Importing 2907230000 4,4'-isopropylidenediphenol (bisphenol a,
diphenylolpropane) and its salts
Exporting 2914110000 Acetone (propanone)
Manufacturing 2924101010 Acrylamide
Exporting 3903300000 Acrylonitrile-butadiene-styrene (abs)
copolymers
Importing 2912190000 Acyclic aldehydes without other oxygen
function not elsewhere specified or included
Importing 2905390000 Acyclic dihydric alcohols not elsewhere specified
or included
Importing 2909190000 Acyclic ethers (excluding diethyl ether)
not elsewhere specified or included
Exporting 3506910000 Adhesives based on rubber or plastics
(including artificial resins) for use as
adhesives, put up
for retail sale as adhesive, nt exceed net wt of
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Ranking Products / Materials / Services
Description
Manufacturing Primary Brominated
epoxy
Manufacturing Primary Cationic
color
Manufacturing Primary Copper
foil
Manufacturing Primary Copper
foil adhesives
Manufacturing Primary Copper
sulfate
Manufacturing Primary Cross-link
agent
Manufacturing Primary Cyanoacrylate
adhesives
Manufacturing Primary Domestic
adhesives
Manufacturing Primary Dry
paper strength resins
Manufacturing Primary Electron
chemicals & material
Exporting Secondary Acetone
Importing Secondary Acrylic
esters
Trading Secondary Acrylic
polymer
Importing Secondary Acyclic
aldehydes
Importing Secondary Acyclic
dihydric alcohols
Importing Secondary Acyclic
monoamines
Importing Secondary Adhesive
papers
Importing Secondary Adipic
acid
Importing Secondary Air
compressor
Importing Secondary Air
humidifiers
Importing Secondary Aluminum
hydroxide
Exporting Secondary Amino
resin
Importing Secondary Antimony
oxide
Exporting, Importing Secondary Antioxidizing
preparations
Importing Secondary Aromatic
plasticizers
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Trading Type
Middle-East Exporting,
Importing
Pacific Exporting,
Importing
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.53 |
|
|
1 |
Rs.72.78 |
|
Euro |
1 |
Rs.62.14 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.