MIRA INFORM REPORT
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Report Date : |
26.03.2011 |
IDENTIFICATION DETAILS
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Name : |
KEMIRA TAIWAN CORP |
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Registered Office : |
8 fl, 237 Sung |
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Country : |
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Date of Incorporation : |
26.09.2006 |
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Com. Reg. No.: |
28223468 |
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Legal Form : |
Private Company
With Limited Liability |
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Line of Business : |
Importer of Antiseptic of Demulsifies, Neutralizers, Paints, Polymer flocculants |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
KEMIRA TAIWAN CORP
8FL, 237 SUNG
TEL: 886-2-25030876 FAX:
886-2-25030802
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 26, 2006
REGISTRATION NO. :
28223468
LEGAL FORM : PRIVATE COMPANY
WITH LIMITED LIABILITY
CHIEF EXECUTIVE : MR. RONAL CHIEH-MING KWAN
(CHAIRMAN)
STAFF STRENGTH : 8
PAID-UP CAPITAL : NTD 1,000,000
BUSINESS LINE : IMPORTER
TURNOVER : NTD 122,000,000
(AS OF DECEMBER, 2009)
EQUITIES : N/A (AS OF
DECEMBER, 2009)
PAYMENT : AVERAGE
RECOMM.
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : TWD 29.42900 = 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 –
Tel: [+886]
2-25030728
Name in Local Language : 凱蜜拉股份有限公司
*CAPITAL (Currency:
NTD - New
=======================================
Share Value: 10
Authorized Capital:
1,000,000
Paid-up Capital:
1,000,000
*OFFICE &
FACILITIES*
====================
Name : KEMIRA TAIWAN CORP -
CHUNGSHAN DIST,
Building Size : 173 Square meters
Type of Location : Commercial
Address : 8Fl, 237 Sung
Country :
Ownership of
Property : Rented / Leased
Status : Operational
*PREVIOUS CONTACT
DETAILS*
===========================
Fax Number:
886-2-25030727
Fax Number: 886-2-25038789
*REPUTATION*
=============
Reference checking
for the purpose of establishing the KEMIRA TAIWAN CORP's reputation within the
respective industry failed to reveal any adverse information.
SC is
not known to host website of its own at present.
For the past two
years there is no record of litigation.
*Major Shareholders*
================
Total number of
shareholders: 1
Total number of
shares: 100,000
Shareholders Country Number Amount (NTD) %
KEMIRA WATER
Name Nationality
Job Description Dept. / Division
Ms. Carol Yen-chiao
Lu Taiwanese Manager Human
Resources
Mr. Alvin Yu-fa Wang
Taiwanese Specialist Sales
*COMPANY
DIRECTORS*
=====================
1
Name : Ms. Carol
Yen-chiao Lu
Email : carol.lu@kemira.com
2
Name : Mr. Alvin
Yu-fa Wang
Email : alvin.wang@kemira.com
3
Name : Mr. Kun-de
Lin
Nationality :
Taiwanese
4
Name : Mr. Ronal
Chieh-ming Kwan
Nationality :
Taiwanese
5
Name : Mr. Tomas
Forsgard
Nationality : Dutch
*CORE BUSINESS
DESCRIPTION*
===========================
Core Business
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The primary business
focus of KEMIRA TAIWAN CORP is:
·Branch office of overseas supplier - Direct
sales & marketing
An integral part of the
core business includes:
·Distribution
Primary Products
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Activity Products / Materials / Services Description
Importing Antiseptic
Importing Demulsifies
Importing Neutralizers
Importing Paints
Importing Polymer flocculants
*PAYMENT TERMS*
=================
Selling
--------
Type Terms
Local Cash on delivery (COD)
Credit - Secured with Post-dated checks 30~90 days
Purchasing
-------------
Type Terms
Import Letter of Credit (At-sight)
Telegraphic Transfer (T/T) - Executed at time of transaction
*COMPETITORS*
==============
The following is a
representative list of local competitors:
BRISTOL-MYERS SQUIBB
(
CHANG CHUN PLASTICS
CO LTD
CHENG LOONG CORP
HERCULES CHEMICALS (
TAIWAN HOPAX
CHEMICALS MFG CO LTD
*DOMESTIC SALES
& PURCHASES*
=============================
Annual Sales
Analysis Percentage
----------------------------- -------------
Domestic Sales 100%
International Sales
(Export) 0%
Annual Purchases
Analysis Percentage
----------------------------- -------------
Local Purchases 0%
Imports 100%
*Sales Channel
Analysis*
==================
Sales Channel Sales Channel Ownership Percentage
---------------- ------------------------------- ---------------
General trading Owned
by Subject Business Entity (SBE) n/a
Other Sales Channel n/a 100%
Direct Parent :
KEMIRA WATER
Country :
PAYMENT RATING : 3
OBTAINED SCORES : 60
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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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 MODERATE amounts depending on
individual judgement experience.
*BANK DETAILS*
===============
Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address : Chungcheng Dist,
SWIFT Code : BKTWTWTP
Bank Name :
Branch : Hsin-i Dist,
Branch Address : Hsin-i Dist,
SWIFT Code : UWCBTWTP
*FINANCIAL STATEMENT
– DETAILED*
=================================
Currency : NTD
Denomination : 1
Financial Year
Ending : December
Financial Highlights
As
of 2008 As of 2009
------------------------- ------------- -------------
Current Assets(*) 3,000,000 3,000,000
Turnover(*) 119,000,000 122,000,000
Profit After Tax
attributable to Shareholders(*) 15,000,000 15,100,000
*Financial Summary
(Currency:
=============================
Year Sales Net Income
2008 $3,695,652 $465,839
2009 (*) $3,792,353 $469,381
Note: (*)
Financials listed
are the most recent available for this company.
*Int´l Trade
Activity (Currency:
===============================
Year Imports Exports
Total
2007 $2,300,000.00 n/a $2,300,000.00
2008 $2,800,000.00 n/a $2,800,000.00
2009 $2,860,000.00 n/a $2,860,000.00
SC is considered
small-sized in its line with a development history of 5 years. Taking into
consideration of SC’s general performance, a credit line up to USD 100,000
appears to be within SC’s capacities.
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2899 Chemical
preparations,
Importing 2800 Chemicals
and Allied Products
Importing 2851 Paints
and allied products
Importing 2611 Pulp
mill products
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 4702 Chemical
wood pulp, dissolving grades
Importing 3800 Miscellaneous
chemical products
Importing 3210 Paints
& varnishes; water pigments for leather
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Ranking
Products / Materials / Services
Description
Importing Primary Softener
Importing Secondary Accelerant
Importing Secondary De-colorant
Importing Secondary Pulp
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Country / Region Estimated level of importance Trading Activity
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.65 |
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1 |
Rs.71.91 |
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Euro |
1 |
Rs.63.28 |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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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 |
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<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.