MIRA
INFORM REPORT
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Report Date : |
17.06.2011 |
IDENTIFICATION DETAILS
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Name : |
TAIWAN GLASS INDUSTRY CORP |
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Registered Office : |
Floor-11, No.261, Sec.3, Nanking E. Rd., Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
05.09.1964 |
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Com. Reg. No.: |
11914002 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of glass |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 |
Contact Points
Company Identification Details
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Registered Name: |
Taiwan Glass Industry Corp. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
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Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
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Registered Capital: |
NTD 20,687,784,260 (USD 715,797,335.396) (As of 2011.06, 1 NTD = 0.0346 USD) |
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Paid-up Capital: |
NTD 20,687,784,260 (USD 715,797,335.396) |
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Legal Representatives: |
Bofeng Lin |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
History
Subject was incorporated on
Awards
|
Year |
Awards |
|
2007 |
Blue chip importer and exporter |
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2008 |
Blue chip importer and exporter |
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2009 |
Blue chip importer and exporter |
Shareholders
|
Name |
Subscription
Shares |
|
14,226,591 |
|
| Boshi
Lin |
11,668,848 |
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3,017,036 |
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|
127,308 |
|
|
7,641,462 |
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|
316,312,687 |
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187,758,936 |
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276,591,181 |
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|
99,436,972 |
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|
Guodong Xie |
786,847 |
Subsidiaries & Branches
Subject did not register any
subsidiaries or branches, from other source we can not obtain the relevant
information, either.
Personnel Information
Core
Management
|
1 |
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Name |
Bofeng Lin |
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Position |
Board Chairman |
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2 |
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Name |
Boshi Lin |
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Position |
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3 |
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Name |
Bochun Lin |
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Position |
Managing director |
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4 |
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Name |
Boxin Zhang |
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Position |
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5 |
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|
Name |
Handong Lin |
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Position |
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6 |
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|
Name |
Taifong Investigate Co., Ltd |
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Position |
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7 |
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Name |
Jiaming Lin |
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Position |
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8 |
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Name |
Taihe Investigate Co., Ltd |
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Position |
Director |
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9 |
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Name |
Liling Xu |
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Position |
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10 |
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Name |
Guodong Xie |
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Position |
Auditor |
Personnel
Structure
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Total Employees |
More than 30 Employees |
Operation Information
Offices
& Factories
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|
Headquarters |
|
Add |
Production
Information
l
Subject produces glass in Taiwan.
Purchase
Information
l
The subject purchases raw materials from the
mainland of China.
l
The subject is mainly engaged in sales of glass.
l
The subject sells products to the mainland of
China.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
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Raw materials |
COD, etc |
100% |
Foreign Purchase
The subject seldom imports.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
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Glass |
Export
|
Sales Terms |
Proportion |
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Glass |
CBD, etc |
100% |
Financial Information
|
Year |
Sales |
|
2010 |
About USD
8,000,000 |
Bankers
|
Name |
Taiwan Bank |
Public Record
Mortgage
No chattel mortgage record of subject has been found within the recent 3
months.
Lawsuit
Up to date of
reporting, no existing or latent litigation of the subject has been found.
Interview Details
|
Name |
Bofeng Lin |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.90 |
|
|
1 |
Rs.72.54 |
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Euro |
1 |
Rs.63.39 |
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 |
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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 |
|
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 |
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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 |
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-- |
NB |
New Business |
-- |
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.