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MIRA INFORM
REPORT
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Report Date : |
02.05.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
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Registered Office : |
3 fl, |
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Country : |
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Financials (as on) : |
2009 |
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Date of Incorporation : |
22.08.1958 |
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Com. Reg. No.: |
75370905 |
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Legal Form : |
Public Listed Company |
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Line of Business : |
Manufacturing of Finished products |
RATING & COMMENTS
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MIRA’s Rating : |
Aa |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 50,000,000 |
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Status : |
Very Good |
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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
|
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 |
3FL,
TEL: 886-2-27122211 FAX: 886- 2-27178533
INCORPORATION DATE : AUGUST 22, 1958
REGISTRATION NO. : 75370905
LEGAL FORM :
PUBLIC LISTED COMPANY
CHIEF EXECUTIVE : MR. CHIN-JEN WU (CHAIRMAN)
STAFF STRENGTH : 12,142
CAPITAL :
NTD 78,522,986,030
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NTD 160,955,618,000 (AS OF 3RD QTR, 2010)
EQUITIES :
NTD 270,316,676,000 (AS OF 3RD QTR, 2010)
PAYMENT :
EXCELLENT
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STRONG
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
WELL-KNOWN
EXCHANGE RATE :
TWD 29.08797 = US$1
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 : 南亞塑膠工業股份有限公司
Registered Legal Address:
*OTHER LICENSES*
=================
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 99621823
Date of Issuance : 1 Dec, 1989
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 99621925
Date of Issuance : 15 Jan, 1986
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 99654717
Date of Issuance : 18 Sep, 1989
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 99654718
Date of Issuance : 20 Jun, 1980
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 99654398
Date of Issuance : 25 Mar, 2003
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 99653147
Date of Issuance : 12 Feb, 1999
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 99601042
Date of Issuance : 2 May, 1973
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 99601040
Date of Issuance : 28 Jan, 1976
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 99601027
Date of Issuance : 15 May, 1978
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 99601037
Date of Issuance : 9 Nov, 1987
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 64000002
Date of Issuance : 1 Jan, 1969
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 99661409
Date of Issuance : 31 Dec, 1990
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 99662146
Date of Issuance : 19 Apr, 1995
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license - Sanchung
License Number : 99601216
Date of Issuance : 1 Nov, 1969
*PREVIOUS CONTACT DETAILS*
===========================
Company Address:
Phone Number: 886-7-6414416
Company Address: Rm 602,
Phone Number: 886-2-27178233
Fax Number: 886-2-27178537
*Capital (Currency: NTD)
====================
Authorized Capital: 78,522,986,030
Paid-up Capital: 78,522,986,030
Date Authorized
Capital - History
------------------- ----------------------------------
22 August, 1958 4,000,000
March, 2000 48,054,312,650
August, 2000 52,323,646,720
August, 2001 58,079,247,860
September, 2002 62,144,795,210
August, 2003 65,873,482,920
July, 2004 69,825,891,900
July, 2005 74,015,445,410
August, 2006 76,235,908,770
n/a 78,520,000,000
n/a 78,522,986,030
Date Paid-up
Capital - History
--------------- ------------------------------
March, 2000 47,566,951,560
August, 2000 52,323,646,720
August, 2001 58,076,247,860
September, 2002 62,144,795,210
August, 2003 65,873,482,920
July, 2004 69,825,891,900
July, 2005 74,015,445,410
August, 2006 76,235,908,770
n/a 78,520,000,000
n/a 78,522,986,030
*Office & Facilities*
================
Name : NAN YA PLASTICS CORP - SUNGSHAN DIST,
Building Size : 1,256 Square meters
Employees : 1,000
Type of Location : Commercial
Address : 3Fl,
Country :
Ownership of Property : Rented / Leased
Status : Operational
*Factory Contact Details*
===================
Address :
Zip : 806
Suburb : Chienchen Dist
City :
Tel : [+886] 7-3331101
Fax : [+886] 7-3308862
*Factories, Size & Locations*
=======================
Name :
Building Size : 9,673 Square meters
Employees : 336
Type of Location : Industrial Area
Address :
Country :
Ownership of Property : Rented / Leased
Status : Operational
Name :
Building Size : 11,782 Square meters
Employees : 350
Type of Location : Industrial Area
Address : 2 Chung Yang Industrial Park, Hsinkang Hsiang, Chiayi Hsien
616
Country :
Ownership of Property : Rented / Leased
Status : Operational
Name : NAN YA PLASTICS CORP - TAISHAN HSIANG,
Building Size : 8,000 Square meters
Employees : 700
Type of Location : Industrial Area
Address : 100 &
Country :
Ownership of Property : Rented / Leased
Status : Operational
Name : NAN YA PLASTICS CORP - LINYUAN HSIANG,
Building Size : 30,000 Square meters
Employees : 600
Type of Location : Industrial Area
Address :
Country :
Ownership of Property : Rented / Leased
Status : Operational
Name : NAN YA PLASTICS CORP - TAISHAN HSIANG,
Building Size : 12,000 Square meters
Employees : 650
Address :
Country :
Ownership of Property : Rented / Leased
Status : Operational
*REPUTATION*
=============
Reference checking for the purpose of establishing the NAN YA PLASTICS
CORP's reputation within the respective industry failed to reveal any adverse
information.
*RANKING*
==========
Type Coverage
Ranking Detail
Corporate Ranking Domestic Top 5,000 companies in
2006, 2007, 2008
and 2009
*Accountants*
===========
KPMG PEAT MARWICK LTD
*Auditors*
========
- Ms. Chiu-hua Wu
- Ms. Hua-chih Kuang
*REAL ESTATE OWNERSHIP*
=========================
The following property / ies are owned by NAN YA PLASTICS CORP:
Property Name : NAN YA PLASTICS CORP -
Type of Property : Factory
Address :
Building Size : 9,621 Square meters
Estimated Value : NTD 145,500,000.00
Property Legal Status : Not mortgaged
Property Name : NAN YA PLASTICS CORP - CHIENCHEN DIST,
Type of Property : Factory
Address :
Building Size : 22,119 Square meters
Estimated Value : NTD 528,800,000.00
Property Legal Status : Not mortgaged
Property Name :
Type of Property : Factory
Address : 42 & 47 & 52 Formosa Plastics Group Industrial Zone
San Sheng Village, Mailiao Hsiang, Yunlin Hsien 638
Building Size : 23,364 Square meters
Estimated Value : NTD 6,020,000,000.00
Property Legal Status : Mortgaged
Property Name :
Type of Property : Factory
Address :
Building Size : 27,617 Square meters
Estimated Value : NTD 3,300,000,000.00
Property Legal Status : Mortgaged
Property Name : NAN YA PLASTICS CORP - JENWU HSIANG,
Type of Property : Factory
Address :
Building Size : 60,895 Square meters
Estimated Value : NTD 1,473,600,000.00
Property Legal Status : Not mortgaged
Property Name : NAN YA PLASTICS CORP -
Type of Property : Factory
Address : 55 &
Building Size : 503,336 Square meters
Estimated Value : NTD 6,000,000,000.00
Property Legal Status : Mortgaged
![]()
www.npc.com.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: nanya@npc.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 Shareholdings traded n/a
n/a
via Stock Exchange
FORMOSA PLASTICS CORP
FORMOSA CHEMICALS & FIBRE CORP
FORMOSA PETROCHEMICAL CORP
FU LIN DEVELOPMENT CO LTD
Mr. Wen-yuan Wang
Mr. Ming-jen Chou
Mr. Chia-chao Wu
Mr. Chin-jen Wu
Mr. Pen-yuan Chang
CHANG ELECTRONICS ENGINEERING CO LTD
Mr. Chao-lin Yang
Mr. Teh-yao Chen
![]()
Name Nationality Job Description Dept. / Division
Mr. Hsin-fa Chang Taiwanese
Manager Administration
Mr. Pen-yuan Chang Taiwanese
Supervisor Administration
Mr. Teh-yao Chen Taiwanese
Supervisor Administration
Ms. Chen-ching Fu Taiwanese
Supervisor Administration
Mr. Ming-jen Chou Taiwanese
Assist. Manager Office
Ms. Yuan-shan Liu Taiwanese
Assist. Manager Product
Mr. Feng-chin Lin Taiwanese
Assist. Manager Product
Mr. Hsin-yi Huang Taiwanese
Manager Product
Mr. Cheng-chung Lee Taiwanese
Manager Planning
Mr. Mao-hsiang Lin Taiwanese
Manager Business
Mr. Mao-lin Tsai Taiwanese
Manager Finance
Mr. Yi-chung Tsai Taiwanese
Manager Production
Mr. Wen-yi Tseng Taiwanese
Manager Product
Ms. Kuei-yun Wang Taiwanese
Manager Product
Mr. Ping Wu Taiwanese
Manager Business
Mr. Ming-chung Yeh Taiwanese
Manager Accounts
Mr. Hung-kuo Cheng Taiwanese
Manager Product
Mr. Ming-ping Chou Taiwanese
Manager Finance
Mr. Chia-chao Wu Taiwanese
General Manager -
Mr. Hsin-yi Lin Taiwanese Company Director -
Mr. Chih-kang Wang Taiwanese
Company Director -
Ms. Jui-hua Wang Taiwanese
Company Director -
Ms. Jui-yu Wang Taiwanese
Company Director -
Mr. Wen-chao Wang Taiwanese
Company Director -
Mr. Wen-yuan Wang Taiwanese
Company Director -
Mr. Ching-cheng Chang Taiwanese Company Director -
Mr. Shen-yi Lee Taiwanese
Company Director -
Mr. Yung-san Lee Taiwanese
Company Director -
Mr. Chen-ling Lin Taiwanese
Company Director -
Mr. Chin-jen Wu Taiwanese
Company Director -
Mr. Chao-lin Yang Taiwanese
Company Director -
Mr. Tzu-wen Yang Taiwanese
Company Director -
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Chao-lin Yang
Nationality : Taiwanese
2
Name : Mr. Chen-ling Lin
Nationality : Taiwanese
3
Name : Mr. Chia-chao Wu
Nationality : Taiwanese
4
Name : Mr. Chih-kang Wang
Nationality : Taiwanese
5
Name : Mr. Chin-jen Wu
Nationality : Taiwanese
6
Name : Mr. Ching-cheng Chang
Nationality : Taiwanese
7
Name : Mr. Hsin-yi Lin
Nationality : Taiwanese
8
Name : Mr. Ming-jen Chou
Nationality : Taiwanese
9
Name : Mr. Shen-yi Lee
Nationality : Taiwanese
10
Name : Mr. Tzu-wen Yang
Nationality : Taiwanese
11
Name : Mr. Wen-chao Wang
Nationality : Taiwanese
12
Name : Mr. Wen-yuan Wang
Nationality : Taiwanese
13
Name : Mr. Yung-san Lee
Nationality : Taiwanese
14
Name : Ms. Chen-ching Fu
Nationality : Taiwanese
15
Name : Ms. Jui-yu Wang
Nationality : Taiwanese
16
Name : Ms. Kuei-yun Wang
Nationality : Taiwanese
17
Name : Ms. Jui-hua Wang
Nationality : Taiwanese
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*CORE BUSINESS DESCRIPTION*
============================
Core Business
-----------------
The primary business focus of NAN YA PLASTICS CORP is:
·Manufacturing - Finished products
An integral part of the core business includes:
·Research & Development (R&D)
·Distribution
Supplementary Business
------------------------------
In addition to the core business, NAN YA PLASTICS CORP also is engaged
in the following areas of business:
Exporting
·Exporting - Finished products
Importing
·Importing - Materials
*Primary Products*
===============
Activity Products /
Materials / Services Description
--------- ---------------------------------------------------
Manufacturing ABS
fittings
Manufacturing Abs
pipes
Manufacturing Adhesives
Manufacturing Anhydride
Manufacturing Argon
liquid
*Brand*
======
*Payment Terms*
==============
Sales
-------
Local : Cash on delivery
(COD)
30-90 days
credit
Export : Letter of Credit
(L/C)
Telegraphic Transfer
(T/T)
Documents
against Acceptance (D/A)
Purchases
--------------
Local : Cash on delivery
(COD)
30-90 days
credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Documents against Acceptance (D/A)
*TRADE SHOWS*
===============
Exhibition Acronym Country Participating
Year
TAITRONICS SPRING - Taipei Int'l Electronics Spring Show n/a
TAITRONICS SPRING - Taipei Int'l Electronics Spring Show n/a
Australian Toy, Hobby & Nursery Fair n/a Taiwan 2003
*Production Capacity*
================
Item Year
Current Capacity Maximum Capacity Unit Measure
Polyester fiber 2009
464,619 641,700 Tons
Polyester fiber 2008
458,307 641,700 Tons
Copper clad laminates 2008
31,972 37,200 Pieces
Copper clad laminates 2009
26,340 36,000 Pieces
PVC (polyvinyl chloride) films 2009
53,202 72,600 Tons
PVC (polyvinyl chloride) films 2008
56,252 72,600 Tons
PVC leather 2008
77,808 116,000
Tons
PVC leather 2009
67,320 103,200
Tons
Epoxy resin 2008
190,095 220,000 Tons
Epoxy resin 2009
155,456 233,000 Tons
Copper foil 2008
26,726 32,400 Tons
Copper foil 2009
22,263 32,400 Tons
Films, smc 2009
99,227 149,800
Tons
Films, smc 2008
108,670 148,000 Tons
Bisphenol - A 2008
403,321 420,000 Tons
Bisphenol - A 2009
377,589 420,000 Tons
Phthalic anhydride (PA) 2008
186,537 228,000 Tons
Phthalic anhydride (PA) 2009
218,504 228,000 Tons
Glass fabrics 2008
253,745 300,000 Meters
Glass fabrics 2009
210,778 300,000 Meters
Plastic products 2009
13,958 27,200 Tons
Plastic products 2008
14,724 27,200 Tons
Rigid PVC 2009
78,468 101,400 Tons
Rigid PVC 2008
99,277 170,400
Tons
*QUALITY ACCREDITATION*
=========================
INTERNATIONAL STANDARDS ORGANIZATION (ISO) 14001
INTERNATIONAL STANDARDS ORGANIZATION (ISO) 9002
INTERNATIONAL STANDARDS ORGANIZATION (ISO) 9002
INTERNATIONAL STANDARDS ORGANIZATION (ISO) 9002
INTERNATIONAL STANDARDS ORGANIZATION (ISO) 9001
*Competitors*
===========
The following is a representative list of local competitors:
ACHEM TECHNOLOGY CORP
CHINA GENERAL PLASTICS CORP
CHUN YU PLASTIC ENTERPRISE CO LTD
DAIGIN CHEMICAL CO LTD
DIAMOND HOSIERY & THREAD CO LTD
FAR EASTERN NEW CENTURY CORP
FAR EASTERN TEXTILE CO LTD
FORMOSA PLASTICS CORP
FORMOSA TAFFETA CO LTD
GLOBE INDUSTRIES CORP
JVAN AN INT'L CO LTD
KAISERS INT'L CORP
PAO YAN TSAE YIH CO LTD
SHINKONG SYNTHETIC FIBERS CORP
SINCERE WORLD CO LTD
STAR ONE INDUSTRIAL CO LTD
TAI FUNG TRADING CO LTD
TAIWAN HOPAX CHEMICALS MFG CO LTD
TAIWAN STYRENE MONOMER CORP
UNION MATERIAL TECHNOLOGY CORP
UNITED INDUSTRIAL GASES CO LTD
USI CORP
VEDDER INDUSTRIAL CO LTD
YUAN SOONG PLASTIC INDUSTRIAL CO LTD
*DOMESTIC SUPPLIERS*
=====================
ATMA CHAMP ENTERPRISE CORP
CHANG TAI WEAVE CO LTD
CHIENG SHYONG MACHINERY CO LTD
CHINA AMERICAN PETROCHEMICAL CO LTD
FORMOSA CHEMICALS & FIBRE CORP
FORMOSA PETROCHEMICAL CORP
FORMOSA PLASTICS CORP
GI RUNG INDUSTRIAL CO LTD
GODFREY ENTERPRISE CORP
HARVEST SCIENTIFIC CORP
HON EASE INDUSTRIES CO LTD
ITEQ CORP
LEE YEUN INDUSTRIAL CO LTD
LIDYE CHEMICAL CO LTD
LOGAN CORP
MINDMAN INDUSTRIAL CO LTD
NAN CHUNG PETROCHEMICAL CORP
PFG FIBER GLASS CORP
USUN TECHNOLOGY CO LTD
WELSUM TECHNOLOGY CORP
YE I MACHINERY FACTORY CO LTD
YIH MING LEASING & ENTERPRISES CORP
YUNG CHIA CHEMICAL INDUSTRIES CORP: PLS SEE
ZEON CORP
*DOMESTIC CUSTOMERS*
=======================
ACHEM TECHNOLOGY CORP
AGI CORP
C & YUN LTD
CHENG SHIANG INDUSTRIES CO LTD
CHIMOCO INDUSTRIAL CO LTD
CHINA GENERAL PLASTICS CORP
CHUN MEI PETROLEUM CO LTD
CHUNG SHING TEXTILE CO LTD
ETERNAL CHEMICAL CO LTD
FORMOSA AUTOMOBILE CORP
FORMOSA CHEMICALS & FIBRE CORP
FORMOSA PETROCHEMICAL CORP
FORMOSA PLASTICS CORP
FORMOSA TAFFETA CO LTD
GAIN IDEA CO LTD
GLOBE INDUSTRIES CORP
HUALON CORP
ITEQ CORP
JVAN AN INT'L CO LTD
KINGMORES ENTERPRISE CO LTD
KUOHOMLI INDUSTRIAL LTD
LEI YUEH ENTERPRISE CO LTD
METALTECH INDUSTRIAL CO LTD
MINDMAN INDUSTRIAL CO LTD
NEXTRONICS ENGINEERING CORP
OCEAN PLASTICS CO LTD
ORIENT FIRST INDUSTRY CO LTD
PARAGOLD INDUSTRIES CO LTD
POLYCHEM GLOBAL CORP
POU CHEN CORP
QUALIPOLY CHEMICAL CORP
RAINPORT PLASTIC CO LTD
SHINKONG SYNTHETIC FIBERS CORP
SPACE SHUTTLE HI-TECH CO LTD
TAH HSIN INDUSTRIAL CORP
TAIWAN POWER CO
TAIWAN TAFFETA FABRIC CO LTD
TENOIT CO LTD
UNIMICRON TECHNOLOGY CORP
UNIPLUS ELECTRONICS CO LTD
UNITECH PRINTED CIRCUIT BOARD CORP
UNITED RAW MATERIAL SOLUTIONS INC
WGJ CO LTD
YA HSIN INDUSTRIAL CO LTD
YU SING CO LTD
YUNG CHI PAINT & VARNISH MFG CO LTD
*DOMESTIC SALES & PURCHASES*
=============================
Annual Sales Analysis Percentage
--------------------------- --------------
Domestic Sales 25%
International Sales (Export) 75%
Annual Purchases Analysis Percentage
--------------------------- --------------
Local Purchases 50%
Imports 50%
*Sales Channel Analysis*
==================
Sales Channel Sales
Channel Ownership Percentage
Wholesalers Owned by Subject Business Entity
(SBE) n/a
Other Sales Channel n/a 100%
*OVERSEAS CUSTOMERS*
=======================
ATLAS TIGER INT'L (HK) LTD
PHILMAN COMMERCIAL INC
![]()
*LOCAL BRANCHES & MANAGEMENT*
================================
Branch :
Branch Address : Formosa Plastics Group Industrial Zone 11 San Sheng
Village, Mailiao Hsiang, Yunlin Hsien 638
Branch Tel : 886-7-6414416
Branch Employees : 50
Branch : NAN YA PLASTICS CORP - SUNGSHAN DIST,
Branch Address : 1Fl,
Branch Employees : 52
Branch :
Branch Address : 42 & 47 & 52 Formosa Plastics Group Industrial
Zone San Sheng Village, Mailiao Hsiang, Yunlin Hsien 638
Branch Employees : 800
Branch :
Branch Address :
Branch Tel : 886-5-3772111
Branch Employees : 50
Branch :
Branch Address : 20 Hou Tso, Hsinkang Hsiang, Chiayi Hsien 616
Branch Tel : 886-5-3772111
Branch Fax : 886-5-3772050
Branch : NAN YA PLASTICS CORP - TAISHAN HSIANG,
Branch Address :
Branch Tel : 886-2-29018241
Branch Employees : 104
Branch : NAN YA PLASTICS CORP - SUNGSHAN DIST,
Branch Address : 13Fl
Branch Tel : 886-2-27178305
Branch Fax : 886-2-27136421
Branch : NAN YA PLASTICS CORP -
Branch Address : 55 &
Branch Tel : 886-2-26806311
Branch Fax : 886-2-26684725
Branch Employees : 413
Branch : NAN YA PLASTICS CORP - LINYUAN HSIANG,
Branch Address : 6
Branch Tel : 886-7-6419911
Branch Employees : 280
Branch : NAN YA PLASTICS CORP - JENWU HSIANG,
Branch Address :
Branch Tel : 886-7-3711411
Branch Fax : 886-7-3712149
Branch Employees : 280
Branch :
Branch Address :
Branch Tel : 886-3-3221279
Branch Employees : 273
Branch :
Branch Address :
Branch Tel : 886-3-3718331
Branch Employees : 336
Branch : NAN YA PLASTICS CORP -
Branch Address :
Branch Tel : 886-5-2373711
Branch Fax : 886-5-2377846
Branch Employees : 340
Branch :
Branch Address : 2 Chung Yang Industrial Park, Hsinkang Hsiang, Chiayi
Hsien 616
Branch Tel : 886-5-3772111
Branch Fax : 886-5-3772050
Branch Employees : 350
Branch :
Branch Address :
Branch Tel : 886-5-6913385
Branch Fax : 886-5-6818237
Branch Employees : 347
Branch : NAN YA PLASTICS CORP - LINKOU HSIANG,
Branch Address : 100 &
Branch Tel : 886-2-29019141
Branch Fax : 886-2-29071647
Branch Email : 2d020@npc.com.tw
Branch Employees : 274
Branch Management
Name Job Description Nationality
Mr. Yun-chin Wang Manager Taiwanese
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Business Entity Name : BLUE PHOTONICS INC
Country :
Relationship : Invested Entity - Minor Equity
Primary Business Activity : Manufacturer
Industry : Electronic Products & Components
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Service
Industry : Professional Services
Business Entity Name : CHINA NANTONG HUAFENG CO LTD
Country :
Relationship : Subsidiary
Primary Business Activity : Manufacturer
Industry : Leather Goods, Tanned & Imitation
Business Entity Name : FORMOSA AUTOMOBILE CORP
Country :
Relationship : Joint-Venture
Primary Business Activity : Manufacturer
Industry : Motor Vehicles, Parts & Accessories
Business Entity Name : FORMOSA HEAVY INDUSTRIES CORP
Country :
Relationship : Joint-Venture
Primary Business Activity : Manufacturer
Industry : Machinery
Business Entity Name : FORMOSA INVESTMENTS CO LTD
Country :
Relationship : Subsidiary
Primary Business Activity : Service
Industry : Financial Services - General
Business Entity Name : HUA YA (
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : HUA YA (
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : MAI-LIAO POWER CORP
Country :
Relationship : Invested Entity - Minor Equity
Primary Business Activity : Importer
Industry : Electrical Equipment & Appliances
Business Entity Name : MAILIAO HARBOR ADMINISTRATION CORP
Country :
Relationship : Invested Entity - Minor Equity
Primary Business Activity : Service
Industry : Professional Services
Business Entity Name : NAN CHUNG PETROCHEMICAL CORP
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Petrochemicals
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Chemicals
Business Entity Name :
Country :
Relationship : Subsidiary
Primary Business Activity : Service
Industry : Energy, Power & Utilities
Business Entity Name : NAN YA CO-GENERATION PLANT (
Country :
Relationship : Affiliate
Primary Business Activity : Service
Industry : Energy, Power & Utilities
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Minerals / Mining
Business Entity Name : NAN YA ELECTRIC (
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Electronic Products & Components
Business Entity Name :
Country :
Relationship : Affiliate
Business Entity Name :
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Electronic Products & Components
Business Entity Name :
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Electronic Products & Components
Business Entity Name : NAN YA KYOWA PLASTICS (
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name :
Country :
Relationship : Subsidiary
Primary Business Activity : Manufacturer
Industry : Electronic Products & Components
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTIC FILM (
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTICS (
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTICS (
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name :
Country :
Relationship : Subsidiary
Primary Business Activity : Manufacturer
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTICS (
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTICS (
Country :
Relationship : Subsidiary
Primary Business Activity : Manufacturer
Industry : Plastics & Products
Business Entity Name :
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTICS (
Country :
Relationship : Affiliate
Business Entity Name : NAN YA PLASTICS (
Country :
Relationship : Subsidiary
Primary Business Activity : Manufacturer
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTICS (
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTICS CONSTRUCTION MATERIALS (
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTICS CONSTRUCTION MATERIALS (
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTICS CORP -
Country :
Relationship : Joint-Venture
Business Entity Name : NAN YA PLASTICS CORP -
Country :
Relationship : Joint-Venture
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTICS CORP -
Country :
Relationship : Joint-Venture
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTICS CORP -
Country :
Relationship : Affiliate
Business Entity Name :
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTICS CORP
Country :
Relationship : Subsidiary
Primary Business Activity : Manufacturer
Industry : Plastics & Products
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Energy, Power & Utilities
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : NAN YA PRINTED CIRCUIT BOARD (
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Electronic Products & Components
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Electronic Products & Components
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Electronic Products & Components
Business Entity Name : NAN YA PRINTED CIRCUIT BOARD (
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Electronic Products & Components
Business Entity Name :
Country :
Relationship : Subsidiary
Primary Business Activity : Manufacturer
Industry : Electronic Products & Components
Business Entity Name :
Country :
Relationship : Subsidiary
Primary Business Activity : Manufacturer
Industry : Plastics & Products
Business Entity Name : NAN YA SYNTHETIC LEATHER (
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Leather Goods, Tanned & Imitation
Business Entity Name :
Country :
Relationship : Subsidiary
Primary Business Activity : Manufacturer
Industry : Electronic Products & Components
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Textiles & Raw Material
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Consumer Products
Business Entity Name :
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Textiles & Raw Material
Business Entity Name : NANTONG HUAFU PLASTICS CO LTD
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : PFG FIBER GLASS (KUNSHAN) CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Glass Products
Business Entity Name :
Country :
Relationship : Subsidiary
Primary Business Activity : Trader
Industry : Plastics & Products
Business Entity Name : WEN FUNG INDUSTRIAL CO LTD
Country :
Relationship : Joint-Venture
Primary Business Activity : Manufacturer
Industry : Plastics & Products
*STRATEGIC PARTNER/S & ALLIANCES*
==================================
Group /
Recognition Status: The FORMOSA PLASTICS GROUP is not a formally
registered business entity name in
Member companies belonging to FORMOSA PLASTICS GROUP
BLUE PHOTONICS INC
CHINA NANTONG HUAFENG CO LTD
FORMOSA AUTOMOBILE CORP
HUA YA (
HUA YA (
NAN CHUNG PETROCHEMICAL CORP
NAN YA CO-GENERATION PLANT (
NAN YA KYOWA PLASTICS (
NAN YA PLASTIC FILM (
NAN YA PLASTICS (
NAN YA PLASTICS (
NAN YA PLASTICS (
NAN YA PLASTICS (
NAN YA PLASTICS (
NAN YA PLASTICS (
NAN YA PLASTICS CONSTRUCTION MATERIALS (
NAN YA PLASTICS CORP -
NAN YA PLASTICS CORP
NANTONG HUAFU PLASTICS CO LTD
PFG FIBER GLASS (KUNSHAN) CO LTD
SUPERIOR WORLD WIDE TRADING CO
WEN FUNG INDUSTRIAL CO LTD
*OVERSEAS AGENTS AND DISTRIBUTORS*
===================================
Agent : CHEMIPLAS (NZ) LTD
Country of Origin :
Product Description : Pvc sheets
Brand :
Year : 1991
Agent : FU YUAN ENTERPRISE PTE LTD
Country of Origin :
Product Description : Plastics
Brand :
Year : 2000
Agent : HARIS AL AFAQ LLC
Country of Origin :
Product Description : Polyester resins
Brand :
Year : 2000
Agent : TCL MARKETING LTD
Country of Origin :
Product Description : PVC film
Brand :
Year : 2001
Agent : TCL MARKETING LTD
Country of Origin :
Product Description : PVC films
Brand :
Year : 2001
![]()
PAYMENT RATING : 1 OBTAINED SCORES : 93
|
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 OVERSEAS CHINESE
Branch : Chungcheng Dist,
Branch Address : Chungcheng Dist,
SWIFT Code : OCCBTWTP
Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address : Chungcheng Dist,
SWIFT Code : BKTWTWTP
Bank Name : BANK SINOPAC CO LTD
Branch : Chungshan Dist,
Branch Address : Chungshan Dist,
SWIFT Code : SINOTWTP
Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,
Branch Address : Central Dist,
SWIFT Code : CCBCTWTP
Bank Name : CHINA DEVELOPMENT INDUSTRIAL BANK INC
Branch : Sungshan Dist,
Branch Address : Sungshan Dist,
SWIFT Code : CDIBTWTP
Bank Name : CHINATRUST COMMERCIAL BANK LTD
Branch : Hsin-i Dist,
Branch Address : Hsin-i Dist,
SWIFT Code : CTCBTWTP
Bank Name : E.SUN COMMERCIAL BANK LTD
Branch : Sungshan Dist,
Branch Address : Sungshan Dist,
SWIFT Code : ESUNTWTP
Bank Name : FIRST COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address : Chungcheng Dist,
SWIFT Code : FCBKTWTP
Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Chungcheng Dist,
Branch Address : Chungcheng Dist,
Account No. : 372-7
SWIFT Code : HNBKTWTP
Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address : Chungcheng Dist,
SWIFT Code : ICBCTWTP
Bank Name : SHANGHAI COMMERCIAL & SAVINGS BANK LTD
Branch : Chungshan Dist,
Branch Address : Chungshan Dist,
SWIFT Code : SCSBTWTP
Bank Name : TAI-SHING INT'L BANK
SWIFT Code : This bank does not have a SWIFT Code
Bank Name : TAIPEI FUBON COMMERCIAL BANK CO LTD
Branch : Chungshan Dist,
Branch Address : Chungshan Dist,
SWIFT Code : TPBKTWTP
Bank Name : TAIWAN BUSINESS BANK
Branch : Tatung Dist,
Branch Address : Tatung Dist,
SWIFT Code : MBBTTWTP
Bank Name : TAIWAN COOPERATIVE BANK
Branch : Chungcheng Dist,
Branch Address : Chungcheng Dist,
SWIFT Code : TACBTWTP
Balance Sheet
Currency : NTD
2008
2009 2010 3rd Qtr
------------------------
------------------------ ------------------------
Current Assets
82,212,132,000.00 94,442,654,000.00 114,058,242,000
Funds & long-term investments 181,628,055,000.00 196,375,199,000.00 201,137,591,000
Property
79,317,655,000.00
75,161,721,000.00
72,898,722,000
Intangible Assets
1,053,397,000.00
639,519,000.00
540,199,000
Other Assets 4,705,518,000.00 5,880,256,000.00 4,489,360,000
Non Current Assets
266,704,625,000.00
278,056,695,000.00
279,065,872,000
Total Assets 348,916,757,000.00 372,499,349,000.00 393,124,114,000
Current Liabilities
36,183,399,000.00
33,293,316,000.00
26,882,985,000
Current Liabilities (After) 42,282,272,000.00 48,212,683,000.00 -
Long-term Liabilities
72,544,224,000.00
72,764,564,000.00
78,985,571,000
Other Liabilities 14,980,896,000.00 15,845,345,000.00 16,938,882,000
Non Current Liabilities
87,525,120,000.00
88,609,909,000.00
95,924,453,000
Total Liabilities 123,708,519,000.00 121,903,225,000.00 122,807,438,000
Total Liabilities (After)
129,807,392,000.00
136,822,592,000.00 -
Share Capital
76,235,909,000.00
78,522,986,000.00 -
Total Reserves
26,009,357,000.00
27,296,191,000.00 -
Retained Earnings (Before)
101,683,382,000.00
109,701,196,000.00
127,221,687,000
Retained Earnings (After)
93,297,432,000.00
94,781,829,000.00 -
Total Shareholder's Equity (Before) 225,208,238,000.00 250,596,124,000.00 270,316,676,000
Total Shareholder's Equity (After) 219,109,365,000.00 235,676,757,000.00 -
Common stock - - 78,522,986,000
Incremental value from revaluation 325,210,000.00 228,713,000.00 228,470,000.00
Cumulative foreign currency translation
adjustments
10,214,891,000.00
7,797,667,000.00 -
Treasury stock -1,945,000.00 -1,945,000.00 -
Unrealized gain (losses) on financial
instruments
10,741,434,000.00
27,051,316,000.00 -
Income Statement
Currency : NTD
2008
2009 2010 3rd
Qtr
------------------------ ------------------------ ------------------------
Turnover
208,718,563,000.00
160,964,448,000.00
160,955,618,000
Operating Income
11,225,009,000.00
8,710,277,000.00
19,533,825,000
Non-operating income
5,340,491,000.00
9,860,426,000.00
18,472,893,000
Non-operating expense
7,177,918,000.00
2,184,999,000.00
1,491,904,000
Net Income before tax (Loss)
9,387,582,000.00
16,385,704,000.00 -
Net Income after tax (Loss)
9,386,397,000.00
16,403,765,000.00
32,439,868,000
*Financial Ratios*
==============
2008 2009 2010 3rd Qtr
------------------------
------------------------ ------------------------
Ratio of liabilities to Assets %
35.46 32.73 31.24
Ratio of long-term capital to fixed Assets% 375.39 430.22 -
Current ratio% 227.21 283.67 424.28
Quick ratio%
170.57
223.73 -
Interest coverage
4.48
10.63
-
Turnover of receivable (times) 8.52 8.77 -
Average collection period of receivable 43.00 42.00 -
Turnover of total assets (times) 0.60 0.43 0.41
Return on total assets%
2.69
4.40 8.25
Operating Income
14.72 11.09 -
Net Income before tax
12.31
20.87
-
Profit margin%
4.50
10.19
20.15
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
1998 $3,396,022,444.44 $6,324,885,740.74 $406,579,444.44
1999 $3,154,566,200.00 $7,036,917,866.67 $399,708,233.33
2000 $3,357,014,961.12 $7,088,507,589.42 $654,515,645.41
2001 $2,768,445,937.32 $7,093,485,693.56 $228,130,266.98
2002 $2,978,797,614.26 $7,270,585,053.18 $396,565,536.07
2003 $3,680,573,731.26 $7,797,025,547.87 $495,386,505.19
2004 $4,986,040,060.15 $9,350,384,390.98 $1,308,006,857.14
2005 $5,292,580,284.36 $10,219,543,380.73 $1,262,467,077.41
2006 $5,491,306,136.64 $11,318,124,697.70 $1,435,951,178.96
2007 $6,901,025,799.64 $12,611,802,745.93 $1,781,733,313.22
2008 $6,481,942,950.31 $10,839,309,565.22 $291,503,012.42
2009 $5,003,557,600 $11,579,090,737 $509,908,766
2010 $5,142,352,013 $12,559,875,847 $1,036,417,508
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2001 $416,416,489.00 $1,011,755,954.00 $1,428,172,443.00
2002 $363,476,428.00 $1,120,080,011.99 $1,483,556,439.99
2003 $365,156,937.00 $1,470,950,626.01 $1,836,107,563.01
2004 $460,150,375.94 $2,155,488,721.80 $2,615,639,097.74
2005 $542,180,094.79 $2,467,298,578.20 $3,009,478,672.99
2006 $470,072,551.39 $2,660,217,654.17 $3,130,290,205.56
2007 $527,459,263.73 $3,847,314,423.66 $4,374,773,687.39
2008 $555,900,621.12 $4,124,223,602.48 $4,680,124,223.60
2009 $547,500,000.00 $3,900,000,000.00 $4,447,500,000.00
![]()
SC is considered large-sized in its line with a long development
history. Taking into consideration of SC’s general performance, a credit line
up to USD 50,000,000 appears to be within SC’s capacities.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing 2891 Adhesives and sealants
Importing 3563 Air and gas compressors, and parts and
attachments,
Exporting 3354 Aluminum extruded products, rolled or drawn
Importing 3452 Bolts, nuts, screws, rivets, and washers
Exporting 2211 Broad woven fabrics, cotton
Importing 3269 Ceramic articles,
Manufacturing, Trading 2899 Chemical preparations,
Manufacturing, Trading 2800 Chemicals and Allied Products
Manufacturing, Trading 5169 Chemicals/Allied Prdts, NEC
Importing 5052 Coal & Other Minerals & Ores
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Importing 2917390400 1,2,4-benzenetricarboxylic acid,
1,2-dianhydride (trimellitic
anhydride); naphthalic anhydride; phthalic
acid; and 4-sulfo-1,8-naphthalic anhydride
Importing 2910300000 1-chloro-2,3-epoxypropane
(epichlorohydrin)
Importing 2926200000 1-cyanoguanidine (dicyandiamide)
Trading 2908100500 2,2,-bis(4-hydroxyphenyl)-1,1,1,3,3,3-hexafluoropropane
Exporting 2909410000 2,2-oxydiethanol (diethylene glycol,
digol)
Exporting 2905160010 2-ethylhexan-1-ol (octyl alcohol)
Exporting 2905140010 2-methylpropan-1-ol (isobutyl alcohol)
Manufacturing, Exporting 2907230000 4,4'-isopropylidenediphenol (bisphenol a,
diphenylolpropane)
and its salts
Importing
Importing
14.92 kw
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Ranking Products / Materials / Services
Description
Manufacturing, Importing Primary Automatic
circuit breaker part
Manufacturing Primary Automatic
scales
Manufacturing Primary BOPP
films
Manufacturing, Exporting Primary Bisphenol
- A
Manufacturing Primary Blow-moulds
Manufacturing Primary Bottle-grade
PET chips
Manufacturing Primary Cadmium
stearate
Manufacturing Primary Circuit
breakers, switches
Manufacturing Primary Cloths,
fiber glass
Manufacturing Primary Color
filters
Exporting Secondary
4-hyrodxyphenyl
Importing Secondary
AC motors
Importing Secondary Acetic
acid salts
Trading Secondary Acrylic
polymer
Trading Secondary Acyclic
dihydric alcohols
Importing Secondary Acyclic
monocarboxylic acids
Trading Secondary Adipic
acid
Importing Secondary Air
compressors
Trading Secondary Air
dehumidifier
Exporting Secondary Air-conditioner
parts
Exporting Secondary Air-conditioners
Importing Secondary Alloy
steel powders
Exporting Secondary Aluminum
foil
Importing Secondary Aluminum
hydroxide
Importing Secondary Anhydrous
ammonia
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region
Middle-East Exporting,
Importing
Pacific Exporting
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.38 |
|
|
1 |
Rs.73.88 |
|
Euro |
1 |
Rs.65.83 |
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 |
|
---- |
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.