MIRA INFORM REPORT
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Report Date : |
07.05.2011 |
IDENTIFICATION DETAILS
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Name : |
FORMOSA PLASTICS CORP |
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Registered Office : |
Rm 201 |
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Country : |
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Financials (as on) : |
2009 |
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Date of Incorporation : |
30.10.1954 |
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Com. Reg. No.: |
75708007 |
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Legal Form : |
Public Listed Company |
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Line of Business : |
Import of chemicals and machine parts |
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 30,000,000 |
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Status : |
Excellent |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Exists |
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
FORMOSA
PLASTICS CORP
RM 201
TEL: 886-2-27122211 FAX: 886-2-27175287
EXECUTIVE SUMMARY
INCORPORATION DATE : OCTOBER 30, 1954
REGISTRATION NO. :
75708007
LEGAL FORM :
PUBLIC LISTED COMPANY
CHIEF EXECUTIVE :
MR. CHIH-TSUEN LEE (CHAIRMAN)
STAFF STRENGTH :
4,975
CAPITAL :
US$ 1,908,325,538
BUSINESS LINE : MANUFACTURER
TURNOVER :
NTD 46,215,179,000 (Q1, 2010)
EQUITIES :
NTD 239,636,363,000 (AS OF Q1.2010)
PAYMENT :
EXCELLENT
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION : STRONG
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : WELL-KNOWN
EXCHANGE RATE :
TWD 31.98711= 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 : 台灣塑膠工業股份有限公司
*OTHER LICENSE*
================
License Number : 84896537
Date of Registration : 9 September, 1994
Issuing Authority : Ministry of Economic Affairs
License Number : 84708795
Date of Registration : 7 March, 1994
Issuing Authority : Ministry of Economic Affairs
License Number : 84708802
Date of Registration : 7 March, 1994
Issuing Authority : Ministry of Economic Affairs
*Company History*
================
30 October, 1954 - Constructed
the first PVC plant in
April 1957 - Started operations
with a monthly PVC capacity of 120 metric tons.
1958 -
Set-up
1960 -
Invested in the TUNG SHAN CALCIUM CARBIDE CORP with a monthly capacity of 2,000
metric tons.
1963 -
Expanded the
1964 -
Listed on the Taiwan Stock Exchange market.
1965 - TUNG
SHAN CALCIUM CARBIDE CORP added an electric furnace to increase capacity
to 4,000 MT/month.
-
Established Engineering Section.
-
Caustic Soda plant at Chienchen came on stream. (70 MT/day)
1966 -
Chienchen Caustic Soda plant set up a department to produce DOP.
1967 -
Tairylan plant was built at Chienchen to produce acrylic fiber, with a daily
capacity of 4
metric tons.
1968 -
Increased calcium carbide capacity to 8,500 MT/month.
-
Set up the Kuandu plant to produce acrylic yarn and carpet.
-
20 tanks were added at Chienchen to raise caustic soda capacity to 88 MT/day.
-
Improved production technology to increase Tairylan production capacity to 20
MT/day.
1969 - Set
up a Machinery plant.
-
Took over the CHI HO FIBER CO and changed the name to the Sanhsia plant.
1970 -
Chienchen added a commutator to increase capacity for liquid caustic soda to
100 MT/day.
1971 - Two
new units at Chienchen raised daily output of Tairylan to 55 MT/day.
1972 - PVC
plant at Jenwu started operation, with a capacity of 2,400 MT/month.
-
Dyeing and knitting equipment of Kuandu plant were moved to the Sanhsia plant.
- Engineering Section
was expanded and renamed the Engineering & Construction Division.
1973 -
Build a PVC plant in
-
Capacity of the DOP plant was increased to 2,500 MT/month.
-
Printing equipment was added at the Sanhsia plant.
-
Machinery plant was expanded and moved to the Jenwu plant.
- Jenwu plant began construction of a
Caustic Soda plant with a capacity of 525 MT/day
and a VCM plant with a capacity of 240,000 MT/Y.
1974 - Capacity
of A and B acrylic fiber at Jenwu was increased to 50 MT/day.
1975 -
First VCM plant at Jenwu was completed and came on stream with an annual
production
capacity of 240,000 metric tons.
- PVC capacity at
Jenwu plant was increased to 9,000 MT/month.
-
Construction of Wharf#29 was completed.
-
Caustic Soda plant at Jenwu came on stream (525 MT/day).
-
Machinery plant was restructured into the Machinery Division.
-
A utilities plant with a 246 MT/hour boiler was added.
1976 - Founded
1977 -
Plastics Division phased out the use of calcium carbide in its manufacture of
VCM.
-
Test production of E-process Compound fiber (C series) began at Jenwu plant.
-
A
1978 -
Caustic soda capacity at Chienchen was increased to 105 MT/day.
-
Construction of the first phase PVC plant at
production capacity of suspension PVC resin by 1,500 MT/month to a total
of 9,000
MT/month.
-
Second phase of VCM plant at Jenwu constructed, with capacity of 240,000 MT/Y.
-
Tairylan plant at Jenwu successfully developed E-process Compound fiber (D
series).
Chienchen and Jenwu plants totaled 165 MT/day.
1979 - Tairylan plant at
Chienchen was shut down; some equipments were transferred to Jenwu plant.
-
Started planning investments in the
-
Two 8,000 KW oil-fired generators were added.
-
Tairylan plant at Jenwu expanded capacity by 30 MT/day (F series).
- An expansion
was added to the PVC plant at Jenwu to produce 100,000 MT/Y of Mass PVC resin.
1980 -
Machinery Division entered into technical cooperation with the RENK CORP.
-
Tairylan plant at Jenwu expanded its capacity by 30 MT/day.
-
-
Second phase expansion of the VCM plant at Jenwu was completed, increasing the
total
production capacity to 480,000 MT/Y.
- Caustic Soda plant at Jenwu added four
tanks, which increased its capacity to 530 MT/month.
-
Installed a Benson boiler of 180 MT/Hr, a steam generator of 23,500KW, and an
oxygen
plant of 3,667 NM3/Hr.
1981 -
Completion of the 30 MT/day (G series) expansion at the Jenwu Tairylan plant
increased
capacity to 210 MT/day.
-
Second phase expansion of Dispersion PVC resin at
monthly capacity of 900 MT.
-
A calcium carbonate plant with capacity of 10,800 MT/month was begun at the
calcium
carbide plant.
-
Printing and garment making operations at Sanhsia were shut down.
-
Expanded the PE (120,000 MT/Y), Utility (120T/H, co-generation 15,800 KW) and
AE
plant (28,500 MT/Y) at
Linyuan.
November 1981 - DOP plant was
shut down.
1982 - A and
B series at the Tairylan plant were converted to E-Type, resulting in an
increase of
production capacity to 240 MT/day.
-
FPC USA started operations.
-
100,000 MT/Y Mass PVC resin expansion plant came on stream.
-
Jenwu Caustic Soda plant added an IEM-1 ion-exchange system with capacity of
116 MT/day.
-
10,800 MT/month Calcium Carbonate plant came on stream.
1983 - A
Polyolefin Division was established.
-
Planning began for Phase Three production of VCM at 240,000 MT/Y.
-
Succeeded in developing carbon fiber.
-
Set up the PE processing section.
1984 -
120,000 MT/Y HDPE plant at Linyuan came on stream.
-
Machinery Division signed a cooperative agreement with MURATA CORP of
manufacture automatic warehousing systems.
-
Build the
-
Acrylic Acid and Ester plant came on stream with an annual capacity of 28,500
MT/Y.
1985 - A chlorofluorcarnbon
plant with a capacity of 23,040 MT/Y was completed.
-
Chienchen Caustic Soda plant was shut down.
-
Caustic Soda plant using the IEM-1 process at Jenwu came on stream with a daily
increased of 116 metric tons.
-
VCM plant at Linyuan came on stream; as a result, the total capacity of VCM was
increased to 720,000 MT/Y.
- A carbon fiber plant
with a capacity of 100 MT/Y was constructed.
-
Completed the expansion project of 2EHA (2 Ethyl Hexyl Acrylate).
1986 -
Build the wax plant with an annual capacity of 1,440 metric tons.
-
Build the 300 MT/Y carbon precursor plant.
-
Build the 330 MT/Hr coal boiler.
-
Set up the Lungteh Machinery plant.
- A PVC plant with
capacity of 140,000 MT/Y was completed at Linyuan.
-
Planning to invest in the Sixth Naphtha Cracking Project.
-
Expansion of
-
100 MT/Y carbon fiber plant came on stream.
-
Build a MBS plant with a capacity of 12,000 MT/Y at Linyuan.
1987 -
Released the following products: MBS, Non-gloss PVC, High Molecular HDPE,
Rectangular Cross-section Acrylic Fiber, Super Absorbent Polymer,
Precursor for Carbon Fiber.
-
Taical plant came on stream with a capacity of 400 MT/month.
- Production of
carpet tile began at a capacity of
-
Build the second phase PVC plant at Linyuan with an annual capacity of 70,000
metric tons.
-
Machinery Division established the Heavy Duty Lifting Equipment Department.
-
300 MT/Y carbon precursor plant came on stream.
-
Tairylan Division build a 30 MT/day special fiber production line (H series).
1988 - A
6,000 MT/month Maerz limestone kiln was installed.
-
Build the Hsinkang plastic processing plant in Chiayi to produce garbage bags
(120MT/
month),
shopping bags (140MT/month) and deli bags (40MT/month).
- Tairylan
Division's 30 MT/day special fiber plant came on stream, increasing capacity to
300 MT/day.
-
Linyuan utility plant added a 200 T/Hr boiler and 49,460 KW co-generator.
-
Expansion of Taical production line (600 MT/M).
-
Installed the BCF-PP and flat fiber production line, the latter having a
capacity of 1,800 MT/Y.
-
Production at the Jenwu Caustic Soda plant was shifted from the mercury process
to the
ion-exchange process, at a capacity of 425 MT/day.
-
completed the second carbon fiber plant with capacity of 130 MT/Y.
-
Jenwu utility plant added two sets of co-generators.
1989 -
Machinery Division set up the Heavy Duty Machine Shop.
- First phase PVC resin plant at Linyuan
came on stream with a capacity of 140,000 MT/Y.
-
Mercury process was shut down. The IEM-2 started operations with a capacity of
425 MT/day.
-
Second Taical production line went into operation with 12,000 MT/Y capacity.
-
Invested USD100 million to establish the FORMOSA PLASTICS CORP, America (FPCA),
building IEM plant (liquid caustic soda 633,000 MT/Y, chlorine 571,000
MT/Y) and EDC
plant (600,000 MT/Y).
-
MBS plant at Linyuan came on stream with a capacity of 12,000 MT/Y.
1990 -
Second phase carbon fiber expansion was completed, increasing the total
capacity to 230 MT/Y.
-
Acrylic Acid and Ester plant was expanded to 75,000 MT/Y.
-
Second phase of PVC facilities at Linyuan was completed, creating a capacity of
70,000 MT/Y.
-
Chlorofluorocarbon plant came on stream with a capacity of 23,040 MT/Y.
1991 -
Established FORMOSA HEAVY INDUSTRIES CORP.
-
Constructed the Hsinkang Super Absorbent Polymer plant, with an annual capacity
of
6,000 metric tons.
-
Completed the Hsinkang PE bag plant.
- Started
production of distributed control systems (DCS), with capacity of 18 to 24
systems per year.
-
Constructed NS-2500 calcium carbonate process with a capacity of 6,000 MT/Y.
-
Two sets of 350 T/Hr boilers and co-generators with 201,400 KW capacity went
into
operation at Jenwu.
-
Constructed the Hsinkang POM plant, with an annual capacity of 20,000 metric
tons.
- 200 T/Hr boiler and co-generator with
49,460 KW capacity went into operation at Linyuan.
1992 -
Transferred assets and personnel of the Machinery Division to Formosa FORMOSA
HEAVY INDUSTRIES CORP.
-
Set up co-generator with 125,900 KW capacity at Jenwu plant.
-
DCS installation and testing facilities went into operation.
-
Started pilot production for CFC substitutes HCFC-141b and 142b.
-
Increased capitalization in FORMOSA PLASTICS CORP,
-
Fiber Processing Division was closed.
1992 -
Jointly established FORMOSA PETROCHEMICAL CORP by FORMOSA PLASTIC CORP,
NAN YA PLASTIC CORP and FORMOSA CHEMICALS & FIBRE CORP to plan,
design,
construct and operate a sizeable portion of the huge expansion project
of No. 6 Naphtha
Cracking Project.
-
Personnel of Olefin Team-were transferred to FORMOSA PETROCHEMICAL CORP.
1993 -
Super Absorbent Polymer plant with a capacity of 6,000 MT/Y was completed and
put into
operation at Hsinkang.
-
Constructed KS-50 calcium carbonate equipment with a capacity of 7,500
MT/month.
- Established MAILIAO HARBOR
ADMINISTRATION CORP.
-
Pilot plant for POM, with a capacity of 1,000 MT/Y, went on line at Hsinkang.
5 July, 1993 -
Officially announced the commencement of work on the Sixth Naphtha Cracking
Project
-
Six electrolytic cells added 35,300 MT of annual capacity at the Jenwu Caustic
Soda plant.
1994 -
Began construction on a USD10bn petrochemical complex in Yunlin province that
will
contain 37 plants, including naphtha cracker and oil refinery.
-
Carbide plant added a MAERZ limestone Kiln (9,000 MT/Y).
-
Expansion of the Linyuan PVC plant includes processing aids and acrylic
modifiers (5,760
MT/Y for PA, 1,440 MT/Y for AM and 3,600 MT/Y for MBS).
-
Invested in ASIA PACIFIC INVESTMENT CO.
- Processed with the second phase expansion of
the Super Absorbent Polymer plant(6,000
MT/Y).
1995 -
Implemented the third stage expansion project for the carbon fiber with annual
capacity
of 500 MT.
-
Addition of one precipitated calcium carbonate plant (3,000 MT/month) and one
set
of U-Cal facility (1,200 MT/month) in the Calcium Carbide plant.
- Processed with
the expansion of the HDPE plant to a 180,000 MT/Y facility.
-
Completed and started production of the POM plant (20,000 MT/Y).
-
Completed the installation of one set of co-generator with 500 T/Hr (125,900
KW)
capacity in Jenwu plant.
-
Completed the second phase Super Absorbent Polymer plant expansion (6,000
MT/Y).
- Transferred 5% holding of
FORMOSA PETROCHEMICAL CORP to
TAFFETA CORP.
-
Invested NTD432 million (24% share holding) to form FORMOSA KOMATSU SILICON
COR with
INVESTMENT CO.
1996 -
Completed the third stage project for carbon fibers.
-
Completed the expansion project for processing aids and acrylic modifiers in
Linyuan
PVC plant.
-
Invested for the establishment of MAILIAO POWER CORP.
-
Completed the modification project for Linyuan Polyethylene plant to raise the
annual
capacity to 180,000 MT.
-
Invested for the establishment of Formosa MAILIAO MAINTENANCE & ENG CORP
1997 - Implemented the first stage
expansion project for the Carbon Fiber plant in Mailiao with
an annual capacity of 1,000 MT.
-
Chlorofluorocarbon plant renamed Hydrochlorofluorocarbon plant.
-
Precipitated calcium carbonate plant (3,000 MT/month) and U-Cal facility
(1,200 MT/month) began production.
1998 -
Completed and started production of the Mailiao AA/AE plant (100,000 MT/Y).
-
Completed and started production of the Mailiao PVC plant (420,000 MT/Y).
-
Olefin Team-renamed as Chemicals Division.
- Invested NTD 200 million (50% share
holding) to form FORMOSA ASAHI SPANDEX CO
LTD with
-
Completed and started production of the Mailiao HDPE plant (240,000 MT/Y).
1999 -
Completed and started production of the Mailiao Caustic Soda plant (phase I
1,000
MT/day).
-
Completed and started production of the Mailiao VCM plant (600,000 MT/Y).
-
Invested NTD50 million (50% share holding) to form FORMOSA DAIKIN ADVANCED
CHEMICALS CO LTD with
-
Processed with the third phase expansion of the Super Absorbent Polymer plant
(12,000
MT/Y).
-
Processed with the PDP plant (phase I 7,200SETS/Y) in Sanhsia.
2000 - Completed
and started production of the Mailiao Carbon Fiber plant (1,000 MT/Y).
-
Invested for the establishment of FORMOSA PLASTICS MARINE CORP.
-
Completed the third phase Super Absorbent Polymer plant expansion (12,000
MT/Y).
-
Completed and started production of the Mailiao Caustic Soda plant (phase II
500
MT/day).
-
Completed and started production of the Mailiao C4 plant (MTBE 151,000 MT/Y and
B-1
17,000 MT/Y).
-
Completed and started production of the Mailiao EVA/LDPE plant (200,000 MT/Y).
-
Completed and started production of the Mailiao AN plant (200,000 MT/Y).
2001 - Set up a Hospital in the Chiayi area.
- Invested for the establishment
of FORMOSA GROUP OCEAN MARINE INVESTMENT
CORP (19% share holding).
- Completed and started
production of the Mailiao LLDPE plant (240,000 MT/Y).
- Invested for the establishment
of FORMOSA TELETEK CORP (100% share holding).
- Completed and started
production of the Mailiao MMA plant (70,000 MT/Y).
- Completed and started
production of the Mailiao ECH plant (80,000 MT/Y).
- PDP plant (phase I 7,200 SETS/Y) in Sanhsia
began production.
- Completed and started
production of the Mailiao paste PVC plant (36,000 MT/Y).
- Invested for the establishment of
SU-HUA TRANSPORT CORP (25% share holding).
2002 - Invested for the establishment of FORMOSA
PLASMA DISPLAY CORP (77.5% share
holding).
- Completed the Mailiao AE plant
expansion (18,000 MT/Y)
- Invested for the establishment
of FORMOSA INDUSTRIES (NINGBO) CO LTD for PVC
production (300,000 MT/Y).
- Signed the PDP MOU with FUJITSU
HITACHI PLASMA DISPLAY CORP and AU
OPTRONICS CORP.
- Invested in GALA TELEVISION
CORP (6.25% share holding).
- Bought 49% share holding of
YUNGCHIA CHEMICAL INDUSTRIES CORP from
CENTRAL INVESTMENT CO
22 May, 2002 - Received approval to invest USD 43 million in
a PVC plant in
1 August, 2003 - Merged YUNGCHIA CHEMICALS INDUSTRIES CORP and
renamed as Polypropylene
Division responsible for PP business.
- Completed the Mailiao HDPE
phase III expansion (50,000 MT/Y).
- FPC supplied 63,734,000 FPCC
shares for FPCC IPO (NT 43 per share).
- Processed with the new
production of NF3 plant (100 MT/Y) in Jenwu.
- Invested for the establishment
of FORMOSA ACRYLIC ESTERS (NINGBO) CO LTD for
AE production (230,000
MT/Y).
6 March, 2003 - Decided to merge YUNGCHIA CHEMICALS
INDUSTRIES CORP (1.96 shares of Yungchia
stock for 1 share of FPC stock).
- Invested for the establishment
of FORMOSA ENVIRONMENTAL TECHNOLOGY
CORP (24.34% share holding).
- Completed the Linyuan PP plant
expansion (50,000 MT/Y).
- Completed the Hsinkang POM
plant expansion (5,000 MT/Y).
- Completed the Mailiao MMA plant
(MAA 20,000 MT/Y).
- Completed and started
production of the Jenwu LiPF6 plant (200 MT/Y).
-
Completed the Jenwu Acrylic Fiber plant expansion (13,000 MT/Y).
9 July, 2004 - Bought a cumulative 12.74 million shares in
NAN YA PLASTICS CORP at an average price
of NTD 44.81.
- Invested for the establishment of FORMOSA
POLYPROPYLENE (NINGBO) CO LTD for
polypropylene production (450,000 MT/Y).
2005 -
Hydrofluoric acid and Freon process has off production by Hcfc factory.
2006 -
Dissolution of the company (FPDC,
27 January, 2006.
2007 -
Established
15 October, 2008 - Founding
Chairman, Mr. Yong-ching Wang dies.
2009 - To
sell wholesale of ordinary domestic unsecured bonds (NTD 6,000,000,000).
*Company Registration*
===================
Branch Registration
---------------------------
(1)
License number : 84896537
Date issued : 9
September, 1994
Issuing authority : Ministry of Economic Affairs (MOEA)
Type of license : Mailiao
Branch license
(2)
License number : 84708795
Date issued : 7 March,
1994
Issuing authority : Ministry of Economic Affairs (MOEA)
Type of license : Yilan Branch
license
(3)
License number : 84708802
Date issued : 7 March,
1994
Issuing authority : Ministry of Economic Affairs (MOEA)
Type of license : Hsinkang Branch
license
*Capital Details(Currency: NTD) *
===========================
Initial registered capital
: NTD 5,000,000.00
Capital increases as follows:
Date
Amount (NTD)
------ ----------------------
1998
2,657,000,000.00
---
48,080,000,000.00
---
55,530,000,000.00
--- 57,200,000,000.00
---
57,204,715,000.00
---
61,200,000,000.00
*Office & Facilities*
================
Size : 120,000 sq ft (Approx)
Facilities : Modern
Property status : Owned by
FORMOSA Group
Type of building : Commercial building
Other Contact Details
-----------------------------
Tel nos. : 2-27178114 / 27122211
Ext. 6010
Fax no. : 2-27193262
Previous Contact Details
---------------------------------
(1)
Address :
Fax no. : 5-3772050
(2)
Tel no. : 2-7122211
E-mail : pjlau@fpc.com.tw
*Factories, Size & Locations*
======================
Location : Jenwu Hsiang,
Other tel no : 7-3711411
The firm maintains manufacturing premises as listed below:
(1)
Size :
10,996 square meter (Approx)
Location :
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
(2)
Size :
4,388.26 square meter (Approx)
Location :
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as
office and factory
(3)
Size :
10,291 square meter (Approx)
Location :
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
(4)
Size : 999
square meter (Approx)
Location : Yilan
Hsien
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as
office and factory
(5)
Size : 531
square meter (Approx)
Location :
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
(6)
Size :
10,291 square meter (Approx)
Location :
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as
office and factory
(7)
Size :
18,468 square meter (Approx)
Location :
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as
office and factory
(8)
Size : 113,764 square meter
(Approx)
Location : Chiayi
Hsien
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as
office and factory
(9)
Size : 12,521 square meter (Approx)
Location : Yunlin
Hsien
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as
office and factory
(10)
Size : 14,818
square meter (Approx)
Location : Yunlin
Hsien
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Comment : Serves as
office and factory
(11)
Size : 999
square meters (Approx)
Location : Yuanlin
Hsien
Type of building : Industrial building
Property status : Owned by
FORMOSA PLASTICS CORP
Address :
*Factory Contact Details*
===================
Address :
Zip : 806
Suburb : Chienchen Dist
City :
Tel : [+886] 7-3331101
Fax : [+886] 7-3308862
*Corporate & Organization Structure*
=============================
One of the largest industrial group in
Operated and managed by a very significantly sized management team which
is considered leaders in the petrochemical industry.
Organization Chart
| ---- Plastics
Division
|
Chairman
| ----
Tairylan Division
Y.C. Wang
|
| |
---- Carbide Division
|
|
President
--------------------------------------------------------------------- | ----
Engineering & Const Division
C. T. Lee |
|
| ----Administration
Dept | ----
Polyolefin Division
| |
|
President's | ---- Management Analysis | ---- Chemicals Division
Office | Dept |
|
| ----- Polypropylene Division|
|
|
|---- Personnel Dept | -----
Plastics Processing Dept
|
|
| ---- Special Project Dept | ----- Electronics
Special Project Dept
| |
|
| ----- R & D Dept
| ---- Sales Management
Dept |
|
| -----
|
|
| ---- General Affairs Dept | -----
|
|----- Labor Safety & Hygiene Dept
|
|-----
Accounting Dept
|
|-----
Warehousing & Shipping Dept
|
|-----
Organization and management of the company is divided into three (3)
basic areas which include :
- Production
- Management
- Research & Development
Organization and management of the company is divided into the following
:
Division
Telephone number Fax number E-mail address
-----------
---------------------- ---------------- ---------------------
Plastics Division
2-27178126
2-27137012 chrishuang@fpcpvc.com.tw
Tairylan Division
2-27178135 2-27134818 aamattrl@fpc.com.tw
Calcium Carbide Division
2-27178152
2-27193261 philipchen@fpc.com.tw
Polyolefin Division
2-27178145
2-27193260 tpsalpol@fpc.com.tw
Chemicals Division
2-25460210
2-27178340 402180@fpc.com.tw
Plastics Processing Dept.
2-27178113
2-27193262 tapro@fpc.com.tw
Electronics Dept.
7-3718114
7-3727026 hwepd@fpc.com.tw
*Awards*
========
Award : Outstanding
Award for the Protection of the Ozone Layer and the Production Industry
Technology Development Award
Year : 1994
Details : Won such
award for the successful development of CFC substitutes HCFC-141b and
142b.
*Industry Ranking*
===============
(1)
Ranked among the top ten companies in
Rank Details
------- ---------
2 amongst companies leading in domestic
sales.
5 amongst companies producing
man-made fibers.
1 amongst companies producing
plastics.
5 amongst companies producing
chemicals.
2 amongst companies producing
machinery.
and
non-manufacturing companies.
1 amongst companies producing
petrochemical products
1 amongst companies producing chemicals
7 amongst companies producing
machinery
10 amongst companies producing
man-made fiber textiles
6 amongst companies producing
man-made fiber
(2)
Rank among the Top 100 Corporations. Details as follows:
Year Rank
------ -------
1992 5
1985 2
1986 2
(3)
Ranked as Top 1000 largest Companies in
Year Rank
------ -------
1999 891
2000 893
(4)
Considered as one of the Top 2000 Companies. Details as follows :
Year Rank
------ -------
2000 2
1999 4
1998 4
(5)
Considered as one of the Taiwan 10 Guidepost Enterprises conducted by
the Chinese Language Common Wealth magazine.
(6)
Generally regarded as one of the Top 1000 Companies in Manufacturing
Industry of Taiwan. Details as follows:
Year Rank
------ -------
2004 14
2005 20
2006 21
(7)
Generally regarded as one of the Top 5000 Companies in
Year Rank
------ -------
2006 27
2007 28
2008 28
2009 29
*Sales Ranking*
============
Details of rank are as follows:
Year Rank
------ -------
1996 14
1997 13
1998 19
2000 17
2001 16
2002 19
2004 25
2005 28
2006 27
*Auditors*
=========
- KPMG PEAT MARWICK LTD
*Registrar*
=========
- KPMG
www.fpc.com.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: formosa@fpc.com.tw
Litigation ( 1 )
Position : Defendant
Other Parties Involved : Position Country
Party's Name
Plaintiff
Defendant
Defendant
& FIBRE CORP
Case Issue : Accused for air and water pollution infringements in
Date Commenced : 1986
Status : Not stated
Litigation ( 2 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country
Party's Name
Defendant
Case Issue : A petition to the court stating that the delay was not
caused by
Date Commenced : 7 November, 2001
Status : Pending
Summary:
Litigation ( 3 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country
Party's Name
Defendant
Case Issue : A petition to the court stating that the waste is not owned
by
Court :
Date Commenced : 2 January, 2002
Date Closed : 7 November, 2001
Status : Pending
Summary :
*Major Shareholders*
===============
Total number of shareholders: 302,952
Total number of shares: 5,720,471,586
Shareholders Country Number
Mr. Chi-lin Wei
Mr. Chien-nan Lin
Mr. Ching-chang Yen
Mr. Teh-shan Wang
Ms. Hsueh-hung Wang
Public shareholdings traded via Stock Exchange n/a n/a
FORMOSA CHEMICALS & FIBRE CORP
CHANG GUNG MEDICAL FOUNDATION
NAN YA PLASTICS CORP
FORMOSA PETROCHEMICAL CORP
Mr. Ralph Min-ting Ho
Mr. Chih-tsuen Lee
Mr. Jerome Chi-lang Ko
Mr. Kuo-hsiung Wu
Mr. Tsung-ching Huang
Mr. Cheng-jung Lin
HUNG TONG CO LTD
Mr. Chao-lin Yang
Mr. Tzu-feng Chang
Management: Mr. Wen-hung Huang,
Supervisor
Mr. Kuo-hsiung Wu, Supervisor
Mr. Ralph Min-ting Ho, Supervisor
Name Nationality
Job Description Dept. / Division
Mr. Wen-hung Huang Taiwanese
Supervisor Accounts
Mr. Kuo-hsiung Wu Taiwanese
Supervisor Administration
Mr. Ralph Min-ting Ho Taiwanese
Supervisor Administration
Mr. Chien-jung Lu Taiwanese
Manager Factory
Mr. Chien-shan Yang Taiwanese Manager Factory
Mr. Kuang-ming Chen Taiwanese
Manager Factory
Mr. Tsung-teng Yang Taiwanese
Manager Factory
Mr. Wu-lung Chen Taiwanese
Manager Factory
Mr. Pen-yuan Chang Taiwanese
Manager Finance
Mr. Wayne Wen-chin Hsiao Taiwanese
Assist. Manager Office
Mr. Chao-lin Yang Taiwanese
Executive Director -
Mr. Wilfred Wen-chao Wang Taiwanese
Executive Director -
Mr. William Wen-uan Wang Taiwanese
Executive Director -
Ms. Jui-hua Wang Taiwanese
Executive Director -
Mr. Chih-tsuen Lee Taiwanese
General Manager -
Mr. Cheng-chung Cheng Taiwanese
Manager -
Mr. Cheng-jung Lin Taiwanese
Manager -
Mr. Fu-shou Hsieh Taiwanese
Manager -
Mr. Jerry Sheng-kuan Lin Taiwanese
Manager -
Mr. Kuo-hung Wei Taiwanese
Manager -
Mr. Tzu-feng Chang Taiwanese
Manager -
Mr. Wen-song Chang Taiwanese Manager -
Mr. Jerome Chi-lang Ko Taiwanese Senior Vice President -
Mr. Tsung-ching Huang Taiwanese
Senior Vice President -
Mr. Jason Chien-nan Lin Taiwanese
Vice General Manager -
Mr. Tien-hsiang Lee Taiwanese
Vice General Manager -
Mr. Han-fu Lin Taiwanese
Vice President -
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Wen-hung Huang
Sex : M
2
Name : Mr. Kuo-hsiung Wu
Sex : M
3
Name : Mr. Ralph Min-ting Ho
Sex : M
4
Name : Mr. Chien-jung Lu
Sex : M
5
Name : Mr. Chien-shan Yang
Sex : M
6
Name : Mr. Kuang-ming Chen
Sex : M
7
Name : Mr. Tsung-teng Yang
Sex : M
8
Name : Mr. Wu-lung Chen
Sex : M
9
Name : Mr. Pen-yuan Chang
Sex : M
10
Name : Mr. Wayne Wen-chin Hsiao
Sex : M
11
Name : Mr. Chao-lin Yang
Sex : M
12
Name : Mr. Wilfred Wen-chao Wang
Sex : M
Other Positions
Country Company name Position
Taiwan FORMOSA
PETROCHEMICAL CORP Representative
13
Name : Mr. William Wen-uan Wang
Sex : M
Other Positions
Country Company name Position
Taiwan FORMOSA CHEMICALS & FIBRE CORP Representative
14
Name : Ms. Jui-hua Wang
Sex : F
Other Positions
Country Company name Position
15
Name : Mr. Chih-tsuen Lee
Sex : M
Country of Residence :
Other Details : Age : 70 years
Work experience : More than 20 years experience.
Responsibilities : Handles the daily operation of the firm including all
financials, sales and legal matters.
Other Positions
Country Company name Position
Taiwan FORMOSA ASAHI
SPANDEX CO LTD Chairman
Taiwan FORMOSA HEAVY
INDUSTRIES CORP Chairman
Taiwan FORMOSA SUMCO
TECHNOLOGY CORP Chairman
16
Name : Mr. Cheng-chung Cheng
Sex : M
17
Name : Mr. Cheng-jung Lin
Sex : M
Other Details : Responsibility : Manage all operating and management
businesses of Plastics Division
18
Name : Mr. Fu-shou Hsieh
Sex : M
Other Details : Responsibility : Manage all operating and management
businesses of Engineering & Construction Division.
19
Name : Mr. Jerry Sheng-kuan Lin
Sex : M
20
Name : Mr. Kuo-hung Wei
Sex : M
21
Name : Mr. Tzu-feng Chang
Sex : M
22
Name : Mr. Wen-song Chang
Sex : M
Other Details : Responsibility : Manage all operating and management
businesses of Carbide Division.
23
Name : Mr. Jerome Chi-lang Ko
Sex : M
Other Details : Responsibility : Assist President to councilor all
R&D businesses of whole company.
24
Name : Mr. Tsung-ching Huang
Sex : M
25
Name : Mr. Jason Chien-nan Lin
Sex : M
Other Details : Responsibility : Assist president to councilor all
businesses of whole company.
26
Name : Mr. Tien-hsiang Lee
Sex : M
27
Name : Mr. Han-fu Lin
Sex : M
Other Details : Responsibility : Manage all operating and management
businesses of Polypropylene Division.
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Import of chemicals and machine parts.
2. Manufacture of various types of chemicals, fabrics and carpets and
other related products.
3. Selling to both domestic and international markets.
Products are classified as follows:
Machinery related parts
---------------------------------
- Shafts
- Bearing Houses
- Gears and Gearing
- Flywheels
- Pulleys and Pulley Blocks
Packing materials
-----------------------
- Containers of Plastic (food pckg)
- Polyethylene Film
- High and Low Density Polyethylene bags
Intermediate plastics and other petrochemicals
--------------------------------------------------------------
- Synthetic Hydrocarbon Wax
- Calcium Carbide
- Vinyl Acetate Polymer
- Polyvinyl Chloride Paste Resin
- High Density Polyethylene
- EVA resin
- HDPE resin
- POM resin
Chemical products
-------------------------
- Synthetic Methacrylic Acid, its Salts & Esters
- Synthetic Butyl Acrylate
- Sodium Hydroxide, Flakes
- Dense Calcium Carbonate
- Acrylic type processing aids
- Acrylic type impact modifiers
- Calcium carbonate, activated
- HCFC-141b,142b
- Light master batches
- MBS type impact modifiers
- Taical
- Vinyl chloride-vinyl acetate copolymer
Fibers
---------
- Discontinuous Polyacrylontrile Fibers (top carded, not carded or else
prepared for spinning)
- 100% Synthetic Fiber
- 100% Polyacrylic Fiber
- Carbon fiber prepregs
- Carbon fiber reinforced plastics
Fabrics and carpets
---------------------------
- Weft-knitted Fabrics
- Yarn-dyed Fabrics
- Carpets
- Carpeting and Rugs of Synthetic Fiber
Yarns
--------
- Synthetic Fiber Yarns
- Acrylic Spun Yarn
Products: 2-ethyl hexyl acrylate
Acetone
Acrylate
monomers
Acrylic acid
Acrylic esters
*Brand*
======
*Payment Terms*
==============
Sales
-------
Local : Cash
30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
Local : Cash
30-60 days credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Associations*
=============
Member of the following associations:
-
-
*Competitors*
===========
The following locally based firms supply similar range of products:
- USI CORP
- ORIENTAL UNION CHEMICAL CORP
- ASIA POLYMER CORP
- ROHM & HAAS TAIWAN INC
- DING-ZING CHEMICAL PRODUCTS CO LTD
- CHI MEI CORP
- BUENO ENTERPRISE CO LTD
- JINTEX CORP LTD
- KAO (
- BASF POLYURETHANES (
- FORMOSAN UNION CHEMICAL CORP
- METALTECH INDUSTRIAL CO LTD
- ECLAT TEXTILE CO LTD
- HAO JEY CO LTD
- THYE MING INDUSTRIAL CO LTD
- WAYS TECHNICAL CORP LTD
*Detailed Product Specifications*
==========================
(1)
Product : Mass PVC
Major applications : Rigid sheets, film, floor tiles, transparent
bottles, pipes and fittings
(2)
Product : Suspension PVC
Major applications : Rigid and flexible rubberized fabric, film,
rubber, window blinds, electric wire and cable, construction materials, piping,
lounge chair, handbags, Christmas trees, inflatable products and auto parts.
(3)
Product :
Copolymer PVC
Major applications : Rigid plate, asbestos tiles, printing ink,
surface finishes, paints, and.
(4)
Product
: Emulsion PVC
Major applications : Rigid and flexible dolls, toys, socks, auto
parts, wall coverings, carpets, gloves, sponged leather and soft leather.
(5)
Product
: Liquid Caustic Soda
Major applications : Synthetic fibers, rayon staple fiber, dyes,
paper industry, soaps, detergents, bleaching agents, leather processing industry,
sodium silicate oil and grease removal, water treatment, aluminum hydroxide,
sodium sulfite and chemical products.
(6)
Product
: Flake Caustic Soda
Major applications : Synthetic fibers, rayon staple fiber, dyes,
paper industry, soaps, detergents, bleaching agents, leather processing
industry, glass, spices, oil and grease removal, pesticides and medicinal
industry.
(7)
Product
: Liquid Chlorine
Major applications : Rayon staple fiber, cleaning agents for tap
water and water treatment, bleaching agents, synthetic fibers, resins,
pesticides and organic chemicals industry.
(8)
Product
: Hydrochloric Acid
Major applications : Flavor essences, various kinds of inorganic
chlorinated materials, medicines, pesticides, dyes, flavorings, plating, rust
removal and general neutralization purposes.
(9)
Product
: Vinyl Chloride Monomer (VCM)
Major applications : Raw material for PVC resin production
(10)
Product : Plastics Modifiers
Major applications : MBS :
processing of rigid sheets, blow-molded plastic bottles, packing materials,
artificial leaves and credit cards.
PA : semi-rigid and rigid processing
aids, plastic pipe materials, board materials, sheets, blow-molded bottles,
door and window construction materials.
AM : rigid sheets, extrusion rigid board,
extrusion foaming construction materials, vinyl doors and windows.
(11)
Product
: Hydro chlorofluorocarbons
(HCFCs) : Including HCFC-22, HCFC-141B and HCFC-142B, all of which are
important chemicals for modern living.
Major applications : Coolant in air conditioners and refrigerators,
foaming agent, cleaning agents, solvents.
(12)
Product
: High-Density Polyethylene
(HDPE)
Major applications :
Film grade :
shopping bags, garbage and industrial uses, and liners for packing purposes.
Blow-molding grade : bottles for
edible oils, milk, liquid medicines, detergents etc and tool boxes.
Extrusion grade : rope,
filing folders, fishing nets, woven bags, canvas and base cloth.
Injection grade :
moving crates, beer cartons, water buckets, water tower, athletic equipment and
toys.
Pipe coating grade : steel
pipes, steel shrink coating.
(13)
Product
: Ethylene Vinyl Acetate
Copolymer (EVA)
Major applications : Foam grade : shoe materials, soles.
Film-blowing grade : packing
bags, agricultural thermal film.
Coating grade :
intramembrane of tetra pak, paper finishing films.
Bottle-blowing grade : plastic bottles, milk bottles.
Injection grade :
various types of toys.
(14)
Product
: Linear Low-Density Polyethylene
(LLDPE)
Major applications : Film-blowing grade : heavy duty packing bags, shopping
bags and garbage bags.
Film casting grade :
packing film for food use.
Rotation molding grade : large size
containers
Injection grade :
small containers
(15)
Product
: Processed Plastic Products like
Shopping bags, Produce bags, Garbage bags, Draw String bags etc.
Major applications : Packaging materials for supermarkets and
general household use.
(16)
Product
: Carbon Fibers
Major applications : Tennis rackets, fishing rods, bicycles, golf clubs,
auto parts, electro-mechanical parts, aeronautical materials.
(17)
Product
: Acrylic Acids and Esters
Major applications : Synthetic fibers, paints, adhesives,
emulsified oils, pastes, acrylic boards, fiber finishing agents, thermosetting
industrial finishes.
(18)
Product
: Super Absorbent Polymer (SAP)
Major applications : Disposable diapers, diaper inserts and
feminine napkins, nursery moisture absorbers, soil improvement fluids, dewing
preventatives, desiccants, water and oil separators, sealants and freezer
packs.
(19)
Product
: Acrylic Fiber
Major applications : Yarns, sweaters, knitted fabrics, carpets,
sports wear, high-end cloth for suits, threads, skirts, gloves, bedding,
curtains etc.
(20)
Product
: Quick Lime
Major applications : Raw material used in the manufacture of
calcium carbide, precipitated calcium carbonate, gypsum and milk of lime,
desulfurization in steel refining, bleaching pulp of neutralizing agent,
desiccant and disinfectant, refractories, grinding ingredients and soil
modifiers.
(21)
Product
: Calcium Carbonate
Major applications : Additives for plastic, rubber, flue gas
desulfurization, paint, building materials, papermaking, fodder, neutralizing
agents, wire and cables, medicine, food, toothpaste, cosmetics, etc.
(22)
Product
: Taical/ U-cal (Master batch of
CaCo3 + PP/PE)
Major applications : Additives for PP, PE, PS and other processing
industries, PP/PE injection molding, and extrusion products used in garbage
bags, shopping bags and corrugated paper.
(23)
Product
: Precipitated Calcium Carbonate,
colloidal Calcium Carbonate, Nano Calcium Carbonate
Major applications : Additive for rubber, plastic processed
products, paper, paints, inks and sealant, etc.
(24)
Product
: U-Cal
Major applications : For PP and PE injection molding and extrusion
products used in garbage sacks, shopping bags and knitted bags.
(25)
Product :
Polyoxymethylene (POM)
Major applications : Gears and
parts for electronics, electrical machinery, automobiles, transportation
equipment, general machinery, and medical instruments, as well as plastic
zippers and stays.
(26)
Product :
Distributed Control Systems and Computer Monitoring System
Major applications : Suitable
for various continuous or batch processing to achieve complete automation and
centralized plant monitoring.
(27)
Product :
Software for Automation of Vertical Storage and Materials Handling
Major applications : For the
control and development of all types of automated storage and transport
systems.
(28)
Product : Software and Hardware for General
Automatic Systems
Major applications : Control and
monitoring systems as well as distributed medium and small control systems.
(29)
Product : CIM
Coordination
Major applications : This brings
together computer-based MIS, DCS and automated storage computer controls in an
integrated production system.
(30)
Product :
Acrylonitrile (AN)
Major applications : Acrylic staple
fiber, ABS/SAN resin, home electrical appliances, auto parts, stationery items,
safety helmets, luggage cases, sports equipment and NBR rubber.
(31)
Product :
Methyl Tert Butyl Ether (MTBE)
Major applications : Unleaded
gasoline additive.
(32)
Product :
Butene-1
Major applications : The
sub-material for HDPE and LLDPE
(33)
Product :
Methyl Methacrylate (MMA)
Major applications : Acrylic
plates, grains and pipes; plastics modifiers, additives for paints, coatings
and adhesives.
(34)
Product :
Epichlorohydrin (ECH)
Major applications : Printed
Circuit Board (PCB), automobile paint, metal container linings, water-proofing
and building reinforcement material.
(35)
Product :
Homopolymer PP
Major applications : BOPP film,
IPP film, CPP film, yarn, woven bags, staple fiber, filter cloth, thermoforming
sheet, transparency pressure forming sheet, portfolio, toys, food containers,
house wares, electrical appliances, thin walled products, storage boxes, etc.
(36)
Product :
Random copolymer PP
Major applications : Shrink
film, heat sealing layer, portfolio, general food & garment packaging,
transparency portfolio, transparency CPP film, transparency container, medical
wares, house wares, food containers, transparency storage boxes, etc.
(37)
Product :
Impact copolymer PP
Product : Pail,
sports appliance, base of luggage, automotive parts, electric appliance parts,
tool boxes, furniture, storage boxes, thin wall products, bumpers, pallet, PPB
pipe, corrugated sheet, etc.
*Technologies Developed and/or Acquired*
===================================
(1)
Product Developed : MBS
(Methymethacrylatebetadiene-styrene)
Launched Date : 1987
Details :
The development of the MBS will save the company USD12.5 million per year on
Japanese imports of the material and increase its revenue to USD7.5 million
through exports.
(2)
Type of technology : Plasma
display panel (PDP) technology
Country :
(3)
Type of technology : Ion exchange
membrane technology, with fully computerized control system
Acquired from : UHDE
Country :
(4)
Type of technology : Ion exchange
membrane technology, with fully computerized control system
Acquired from : ASAHI
Country :
*Quality Certification*
==================
Type of Certification : ISO 9002
Year of Certification : 1994
Granted the ISO 9002 certificate to the following division :
- Plastic Division CFC Plant
- Plastic Division Jenwu Naoh Plant
- Plastic Division Jenwu PVC Plant
- Plastic Division Jenwu VCM Plant
- Plastic Division Kaoshiung PVC Plant
- Plastic Division Linyuan Plastic Plant
- Tairylan division Acrylic Acid and Ester Plant
- Tairylan Division Tairylan Plant
- Linyuan Plant
- Tungshan Plant
*Machinery & Equipment*
====================
Vessels :
- 4 units specially-built ships
The Lin Yuan HDPE plant maintains a computer-controlled automatic
warehouse designed and fabricated by FORMOSA PLASTIC'S Machinery Division, a
separate revenue-generating division of the corporation.
The machine shop facilities at the Jen Wu plant are primarily
responsible for fabrication and maintenance of equipment for all GROUP
companies.
*Production Capacity*
==================
(1)
Unit: Metric Tons
Item
Maximum Capacity
Current Capacity
-------
---------------------------
------------------------
PVC Resins 1,401,000 1,202,484
VCM
1,580,000
1,488,094
Liquid Caustic Soda 883,000 819,226
HDPE 450,000 419,761
Calcium Carbonate 258,000 124,361
Acrylic Acid & Esters 198,000 201,370
AN
240,000
206,702
MTBE
174,000
169,811
LDPE 110,000 88,318
Acrylic Staple Fiber 92,000 85,631
EVA
90,000 75,958
Epichlorohydrin 80,000 72,035
Methyl Methacrylate 84,000 61,599
Calcium Carbide 54,000 16,794
SAP
30,500 33,713
CFC
16,700 1,588
Bags
12,000 9,995
Carbon Fiber 2,000 507
(2)
Unit : Metric Tons
Year : 2009
Item
Maximum Capacity Current
Capacity
------- --------------------------- ------------------------
PVC Resins
1,301,000
1,123,479
Vinyl Chloride Monomer (VCM)
1,580,000 1,470,122
Liquid Caustic Soda
1,600,000
1,428,916
High-Density Polyethylene
530,000 481,664
Ethylene Vinyl Acetate Copolymer 197,263 -
Linear Low-Density Polyethylene 264,000 207,555
Calcium carbonate 258,000 86,851
Acrylic fiber
72,000
64,964
Acrylic Acids and Esters 268,000 215,134
Carbon Fibers
6,150
1,358
Super Absorbent Polyme r (SAP) 40,000 39,794
Normal Butanol
250,000
229,816
Acrylonitrile (AN)
280,000
246,382
Methyl Tert Butyl Ether (MTBE) 174,000 186,632
Methyl Methacrylate (MMA) 98,000 77,536
Epichlorohydrin 100,000 79,740
Polypropylene
400,000
405,270
Plasic modifiers
19,700 11,824
Bags
10,000
5,992
*Imports*
=======
Imports 8,000 tons of PVC from
Recorded by the China External Trade Development Council as one of 5,084
selected ROC importers between 1986 and 1987, with the following import
commodities registered:
Chemicals & Petrochemicals
---------------------------------------
Barium, Alkyl and Vinyl Chloride
Saturated Acrylic, Butyl, Methyl, Vinyl, Polyvinyl and Fatty
Alcohols
Butene/Butylene
Dichloroethane
Hydrocarbons (Halogenated derivatives, Sulfonated derivatives)
Ketones, Quinones and derivatives
N-Hexane Propylene
Acrylonitrile, Synthetic
Dimethyl Formamide
Organo Sulphur Compounds
Filament Tow
Cellulose
Anionic Exchange Resin
Organo-Inorganic Compounds
Stearate Salts
Basic Violet
Sodium Lauryl Sulfate
Petroleum Cokes
Catalysts, for polymerization & compounded
Rubber Anti-oxidants
Textile Chemicals
Metals
-----------
Iron/Steel Beams (worked, non-worked)
Sheet Piling
Stainless Steel Sheets
Steel/Stainless Steel Fittings (pipe & tubing)
Tubes & Pipes, Nickel Alloys
Iron/Steel Containers, for compressed or liquefied gas
Machinery
----------------
Boilers
Centrifuges & Pumps
Compressor & Vacuum Pumps/Parts
Engines & Parts
Liquid Piston Vacuum Pumps
Machinery for Steam Power Plant
Mixed Flow Pumps
Reciprocating Compressors (Gas)
Soot Removers Parts
Volute Pumps (liquids)
Washing / Dry Cleaning Machine Parts
Bending / Folding / Forming Machines
Boring Machines
Grinding Machines
Machine Tools & Parts
Cranes, Overhead Travelling
Ring Roll & Bowl Mills
Vibrating Conveyor
Rubber Good Manufacturing Machinery
Mechanical Appliances & Parts
Plastic Manufacturing Machinery
Vulcanized Fiber Making Machinery Ash Dischargers, Mechanical
Baling Machines
Gate Valve
Main Cock
Materials for Heat Treating Apparatus & Parts
Rings, Oil Seals
Shafts, Bearings, Gears, Flywheels, Pulleys
Automatic Valves
Electrical Circuit Protection Apparatus
Electrical Explosion-Proof Motor
SF6 Circuit Breakers
Computers
Data Processing System
Micro Computer
Centrifugal Refrigerating Machines
Measuring Equipment
-------------------------------
Electrical Controlling Equipment
Electrical Quantities Measuring Recorders
Electrochemical Analyzer
Flow Meters & Liquid Supply
Flow-, Depth-, Pressure-, Controlling Instruments (liquid or gas)
Gas Chromatograph
Level Meters
Physical or Chemical Analysis Instruments
Tensile Strength Machines
Thermometers Accessories, parts of
Viscosity, Porosity Expansion, Measuring or Checking Instruments
Miscellaneous
---------------------
Anthracite
Bituminous Coal, non-coking
Sea Salt
100% Jute Yarn, not for re-sale
Magnetic Tape, Pre-recorded
Rubber Plates & Sheets, vulcanized
Rubber Articles, hardened
Wheels & Wheel Tires
Fire-Fighting Vehicles
Trailers/Semi-Trailers
*DOMESTIC CUSTOMERS*
======================
ACHEM TECHNOLOGY CORP
AGI CORP
CHIN CHIAO ENTERPRISE CO LTD
COIN CHEMICAL INDUSTRIAL CO LTD
DAIREN CHEMICAL CORP
ETERNAL CHEMICAL CO LTD
FORMOSA CHEMICALS & FIBRE CORP
FORMOSA PETROCHEMICAL CORP
FORMOSA TAFFETA CO LTD
FORMOSAN RUBBER GROUP INC
H S HARDY CO LTD
HORNG HWA ENTERPRISE CO LTD
LIDYE CHEMICAL CO LTD
MEAN TIME ENTERPRISE CO LTD
METHYL CO LTD
MINDMAN INDUSTRIAL CO LTD
NEW PARADISE ENTERPRISE CO LTD
OCEAN PLASTICS CO LTD
PAN INT'L INDUSTRIAL CORP
POLYCHEM GLOBAL CORP
SAMPO CORP
SPACE SHUTTLE HI-TECH CO LTD
TAH HSIN INDUSTRIAL CORP
TAI SHIH TEXTILE INDUSTRY CORP
TAIWAN POWER CO
UNIVERSAL INC
VAN ZION INDUSTRIAL CO LTD
WGJ CO LTD
XXENTRIA TECHNOLOGY MATERIALS CO LTD
YEM CHIO CO LTD
YUAN JEN ENTERPRISES CO LTD
*DOMESTIC SUPPLIERS*
=====================
CHENG DEH FIRE PROTECTION INDUSTRIAL CORP
CHINA PETROLEUM CORP LTD
CPC CORP
CTCI CORP
DAIREN CHEMICAL CORP
EVERTOP WIRE CABLE CORP
FORMOSA CHEMICALS & FIBRE CORP
FORMOSA HEAVY INDUSTRIES CORP
FORMOSA PETROCHEMICAL CORP
FU-TAI ENGINEERING CO LTD
GI RUNG INDUSTRIAL CO LTD
HARVEST SCIENTIFIC CORP
LEE CHANG YUNG CO LTD
LIDYE CHEMICAL CO LTD
MINDMAN INDUSTRIAL CO LTD
NU-SDI UNION LTD
PEACEFUL TRUST CO LTD
TAIWAN INDUSTRIAL CHLORIDE CO LTD
TIEN TAI ELECTRODE CO LTD
WAN HORN ENTERPRISE CO LTD
*Local Distribution Network*
=======================
An estimated 46% of the annual turnover is attributed to local sales.
*OVERSEAS SUPPLIERS*
=====================
ITOCHU CHEMICAL FRONTIER CORP
MITSUI CHEMICALS INC
SAUDI BASIC INDUSTRIES CORP
*OVERSEAS CUSTOMERS*
======================
JONG STIT CO LTD
*Export Markets*
==============
An estimated 54% of the annual turnover is attributed to export
worldwide.
*International Trade Ranking*
=======================
The firm has been ranked among
Board of Foreign Trade (BOFT)
Details of rank are as follows :
Year Rank
------ ----------
1997 023
2002 25
2003 13
2004 16
2005 14
2006 16
2007 12
2008 12
*LOCAL BRANCHES & MANAGEMENT*
================================
Branch : FORMOSA PLASTICS CORP (FIBER FABRICATION DIVISION) - SANCHIH
HSIANG
Branch Address :
Branch Tel : [+886] 2-86711933
Branch Employees : 113
Branch : FORMOSA PLASTICS CORP - HSINKANG HSIANG
Branch Address :
Branch Tel : [+886] 7-6419911
Branch Employees : 106
Branch : FORMOSA PLASTICS CORP (TUNGSHAN PLANT) - TUNGSHAN HSIANG
Branch Address : 201 Tung Fu Rd Tungshan Hsiang, Ilan Hsien 269
Branch Tel : [+886] 3-9591134
Branch Fax : [+886] 3-9593066
Branch Employees : 124
Branch : FORMOSA PLASTICS CORP (LINYUAN PLANT) - LINYUAN HSIANG
Branch Address : 1 Shi Hua 1st Rd Linyuan Hsiang,
Branch Tel : [+886] 7-6419911
Branch Fax : [+886] 7-6812051
Branch Employees : 134
Branch : FORMOSA PLASTICS CORP - HSINKANG HSIANG
Branch Address : 3
Branch Tel : [+886] 5-3772111
Branch Employees : 120
Branch : FORMOSA PLASTICS CORP - MAILIAO HSIANG
Branch Address : 1
Branch Tel : [+886] 5-6812345
Branch Fax : [+886] 5-6812051
Branch Employees : 90
Branch : FORMOSA PLASTICS CORP -
Branch Address :
Branch Employees : 92
Branch : FORMOSA PLASTICS CORP - JENWU HSIANG
Branch Address : 100 Shui Kuan Rd Jenwu Hsiang,
Branch Tel : [+886] 7-3711411
Branch Employees : 150
Branch : FORMOSA PLASTICS CORP - MAILIAO HSIANG
Branch Address : 13
Branch Tel : [+886] 5-6812345
Branch Employees : 91
Branch : FORMOSA PLASTICS CORP - MAILIAO HSIANG
Branch Address : 23-1
Branch Tel : [+886] 5-6812345
Branch Employees : 130
*(Subsidiaries, Joint-ventures & Affiliates)
========================
Business Entity Name : CHANG GUNG INSTITUTE OF TECHNOLOGY
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Service
Industry : Professional Services
Business Entity Name :
Address : 259 Wen-Hua 1st Rd Kueishan Hsiang 333 Taoyuan Hsien
Country :
Relationship : Affiliate
Legal Form : Educational Institution
Company Type : Service
Industry : Professional Services
Business Entity Name : FIRST INT'L COMPUTER INC
Address : 1Fl,
Country :
Relationship : Affiliate
Legal Form : Public Company
Company Type : Manufacturer
Industry : Computer & Information Products
Business Entity Name :
Country :
Relationship : Subsidiary
Legal Form : Private Company with Limited Liability
Company Type : Trader
Industry : Plastics & Products
Business Entity Name : FORMOSA ASAHI SPANDEX CO LTD
Address : 1Fl,
Country :
Relationship : Joint-Venture
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Textiles & Raw Material
Business Entity Name : FORMOSA AUTOMOBILE CORP
Address : 11Fl
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Motor Vehicles, Parts & Accessories
Business Entity Name :
Address : Rm 445 10Fl
Country :
Relationship : Joint-Venture
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Chemicals
Business Entity Name : FORMOSA HEAVY INDUSTRIES CORP
Address : 4Fl
Country :
Relationship : Subsidiary
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Machinery
Business Entity Name :
Address : 7Fl Citicorp Centre
Country :
Relationship : Subsidiary
Legal Form : Private Company with Limited Liability
Company Type : Trader
Industry : Plastics & Products
Business Entity Name :
Country :
Relationship : Subsidiary
Legal Form : Private Company with Limited Liability
Company Type : Trader
Industry : Plastics & Products
Business Entity Name : FORMOSA PETROCHEMICAL CORP
Address : Rm 99, 4Fl
Country :
Relationship : Joint-Venture
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Petrochemicals
Business Entity Name : FORMOSA PLASMA DISPLAY CORP
Address : Rm 369, 9Fl
Country :
Relationship : Subsidiary
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Electronic Products & Components
Business Entity Name :
Country :
Relationship : Subsidiary
Legal Form : Private Company with Limited Liability
Company Type : Trader
Industry : Plastics & Products
Business Entity Name :
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Trader
Industry : Plastics & Products
Business Entity Name :
Address :
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Plastics & Products
Business Entity Name : FORMOSA PLASTICS CO
Country :
Relationship : Subsidiary
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Chemicals
Business Entity Name : FORMOSA PLASTICS MARINE CORP
Address : 8Fl
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Service
Industry : Transportation
Business Entity Name :
Country :
Relationship : Subsidiary
Legal Form : Private Company with Limited Liability
Company Type : Trader
Industry : Plastics & Products
Business Entity Name : FORMOSA SUMCO TECHNOLOGY CORP
Address : 1-1
Country :
Relationship : Joint-Venture
Legal Form : Public Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Business Entity Name : FORMOSA TELETEK CORP
Address :
Country :
Relationship : Subsidiary
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Electronic Products & Components
Business Entity Name : FPC ELECTRONICS (
Country :
Relationship : Subsidiary
Legal Form : Private Company with Limited Liability
Company Type : Trader
Industry : Electronic Products & Components
Business Entity Name : FPC SUPER ABSORBENT POLYMER (
Country :
Relationship : Subsidiary
Legal Form : Private Company with Limited Liability
Company Type : Trader
Industry : Plastics & Products
Business Entity Name : HWA YA POWER CORP
Address : 4Fl
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Service
Industry : Electrical Equipment & Appliances
Business Entity Name :
Address : Jalan Hanomon Dalam I Krapyak Semarang 50146 Central Java
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Plastics & Products
Business Entity Name : INOTERA MEMORIES INC
Address : 4Fl Hwaya Technology Park
Country :
Relationship : Affiliate
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Business Entity Name : INTEPLAST GROUP LTD
Address :
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Plastics & Products
Business Entity Name : MAI-LIAO POWER CORP
Address :
Country :
Relationship : Joint-Venture
Legal Form : Public Company
Company Type : Importer
Industry : Electrical Equipment & Appliances
Business Entity Name : MAILIAO HARBOR ADMINISTRATION CORP
Address : 4Fl
Country :
Relationship : Joint-Venture
Legal Form : Private Company with Limited Liability
Company Type : Service
Industry : Professional Services
Business Entity Name :
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Plastics & Products
Business Entity Name :
Address : 3Fl,
Country :
Relationship : Invested Entity - Minor Equity
Legal Form : Public Listed Company
Company Type : Manufacturer
Industry : Plastics & Products
Business Entity Name :
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Trader
Industry : Plastics & Products
Business Entity Name : NAN YA PLASTICS CORP
Address :
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Plastics & Products
Business Entity Name :
Address : 3Fl,
Country :
Relationship : Affiliate
Legal Form : Government-owned
Company Type : Manufacturer
Industry : Electronic Products & Components
Business Entity Name : PFG FIBER GLASS CORP
Address : Rm 216, 5Fl
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Glass Products
Business Entity Name : YIJI CONSTRUCTION CO LTD
Address : 2Fl
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Construction & Construction Materials
*Subsidiaries, Joint-ventures & Affiliates*
================================
Joint-ventures
-------------------
(1)
FORMOSA ASAHI SPANDEX CO LTD
This is a joint venture between the following companies :
- FORMOSA PLASTICS CORP
- ASAHI CHEMICAL INDUSTRY CO LTD (
(2)
FORMOSA HEAVY INDUSTRIES CORP
This is a joint-venture among the following companies :
- FORMOSA PETROCHEMICAL CORP
-
- FORMOSA PLASTICS CORP
(3)
FORMOSA PLASMA DISPLAY CORP
This is a joint venture between the following companies:
- FUJITSU HITACHI PLASMA DISPLAY LTD (23.1%)
- FORMOSA PLASTICS CORP (76.9%)
(4)
FORMOSA PETROCHEMICAL CORP
This is a joint venture among the following companies:
- FORMOSA PLASTICS CORP (29.96%)
-
- FORMOSA CHEMICALS & FIBRE CORP (25.72%)
- FORMOSA TAFFETA CORP
- FORMOSA HEAVY INDUSTRIES CORP
(5)
This is a joint-venture between the following companies :
- FORMOSA PLASTICS CORP
- DAIKIN INDUSTRIES LTD
(6)
MAILIAO HARBOR ADMINISTRATION CORP
This is a joint venture among the following companies :
- FORMOSA PETROCHEMICAL CORP
- FORMOSA PLASTICS CORP
-
- FORMOSA CHEMICALS & FIBRE CORP
- FORMOSA HEAVY INDUSTRIES CORP
(7)
MAI-LIAO POWER CORP
This is a joint venture among the following companies :
- FORMOSA PLASTICS CORP
-
- FORMOSA CHEMICALS & FIBRE CORP
- FORMOSA PETROCHEMICAL CORP
*Strategic Partners & Alliances*
=========================
(1)
Group Name : FORMOSA
PLASTICS Group
Founder : Mr.
Yung-ching Wang
Holding company : FORMOSA
PLASTICS CORP
Country :
Maintains technical cooperation agreements between FORMOSA PLASTICS and
foreign concerns include the
following:
Company name
Country
Service
-------------------------
----------------- -------------------
HIT CO
STONE & WEBSTER ENGINEERING
USA
Ethylene/Propylene plant
technology &
Engineering /design services
*OVERSEAS AGENTS AND DISTRIBUTORS*
===================================
Agent : REN TONG INDUSTRIAL LTD
Country of Origin :
Product Description : Acrylic resin materials
Brand :
Year : 1995
PAYMENT RATING : 1 OBTAINED SCORES : 92
|
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
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : CHIAO TUNG BANK CO LTD
Branch : Sungshan Dist,
Branch Address :
SWIFT Code : BKCMTWTP
Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Sungshan Dist,
Branch Address : P O Box 18-20 Hua Nan Commercial Bank Bldg 654 Pateh Rd
Section 4
SWIFT Code : HNBKTWTP
Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Sungshan Dist,
Branch Address : Artist Construction Bldg 133 Min Sheng East Rd Section
3
SWIFT Code : ICBCTWTP
Bank Name : TAISHIN INT'L BANK
Branch : Sungshan Dist,
Branch Address : 8Fl,
SWIFT Code : TSIBYEYP
Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,
Branch Address :
SWIFT Code : CCBCTWTP
*Long & Short Term Investment*
==========================
(1)
Type of Investment : PVC Factory
in
Year of Investment : 1987
Investment Amount : USD 65 million
(2)
Type of Investment : 2 units
3,200 ton vessel
Year of Investment : 1987
Investment Amount : USD 50 million
Details :
Specifically designed for the purpose of shipping petrochemical materials
(3)
Type of Investment : PVC Plant in
Date of Investment : June 2002
Investment Amount : USD 43 million
Details :
Initial investment for a NTD150 billion (USD 4.4 billion) of a 1,100-hectare
petrochemical zone in Ningbo of Jiangsu province in
Balance Sheet
Currency : NTD
Denomination : In Thousands
2008 2009 2010 (Q1)
----------------- ----------------- ----------------
Current Assets
73,685,232 101,189,687 111,513,081
Funds & long-term investments 111,524,858 132,964,055 138,161,747
Property
75,169,651
67,787,132 66,193,883
Intangible Assets
1,944,378
1,442,018 1,316,078
Other Assets 9,402,318 7,659,333 7,166,104
Total Assets
271,726,437
311,042,225 324,350,893
Current Liabilities (Before)
33,526,980
34,462,821 33,867,526
(After)
43,823,829
58,946,439
-
Long-term Liabilities
51,478,729 44,209,873 43,685,442
Other Liabilities
6,515,890
7,039,045 7,161,562
Total Liabilities (Before) 91,521,599 85,711,739 84,714,530
(After)
101,818,448
110,195,357
-
Common stock
57,204,716
61,209,046 61,209,046
Capital Reserve
12,814,389
12,814,073 12,814,001
Retained Earnings (Before)
90,880,471 104,112,721 112,304,196
(After)
80,583,622
79,629,103
-
Total Shareholder's Equity
(Before)
180,204,838
225,330,486 239,636,363
(After)
169,907,989
200,846,868
-
unrealized incremental
value from revaluation
180,379 180,379 180,379
Cumulative foreign currency
translation
adjustments
4,176,096
3,382,784 3,161,386
Unrealized gain (losses) on
financial
instruments 14,948,787 43,631,483 49,967,355
Income Statement
Currency : NTD
Denomination : In Thousands
2008 2009 2010 (Q1)
-----------------
-----------------
-----------------
Operating revenue
182,042,192
156,969,615 46,215,179
Gross Profit
15,785,814
18,731,139 6,310,732
Operating Income
7,251,057 10,539,944 4,286,852
Non-operating income
12,530,512
20,410,751 5,159,848
Non-operating expense
1,647,081
1,428,988 366,938
Net Income before tax (Loss)
18,134,488
29,521,707 9,079,762
Net Income after tax (Loss)
19,709,474
27,533,429 8,191,475
Net Income 19,709,474 27,533,429 8,191,475
Earnings (losses) per share
(After)
3.45 4.50 1.34
*Financial Ratios*
==============
2008 2009
-----------------
-----------------
Ratio of liabilities to Assets % 33.68 27.56
Ratio of long-term capital to fixed Assets% 308.21 398.00
Current ratio%
219.78 293.62
Quick ratio% 170.93 252.96
Interest coverage
10.87 23.88
Turnover of receivable (times) 17.71 16.59
Average collection period of receivable 21.00 22.00
Turnover of inventories (times) 10.49 10.57
Turnover of expense (times) 15.16 13.42
Average days of sales
35.00 35.00
Turnover of fixed assets (times) 2.42 2.32
Turnover of total assets (times) 0.67 0.50
Return on total assets%
7.25 8.85
Operating Income 12.68 17.22
Net Income before tax
31.70 48.23
Profit margin%
10.83 17.54
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
1998 $1,193,483,033.33 $3,373,727,633.33
$204,803,100.00
1999 $1,284,254,468.75 $4,422,347,937.50
$247,962,125.00
2000 $1,610,370,544.32 $4,998,541,555.21 $401,163,483.67
2001 $1,735,746,198.49 $4,777,865,728.38 $194,599,477.66
2002 $1,888,783,328.54 $4,951,908,335.73 $284,520,638.11
2003 $2,435,656,891.58 $5,294,111,995.39 $478,839,359.86
2004 $3,667,324,000.00 $6,519,324,300.75 $1,093,219,879.70
2005 $4,288,100,631.91 $7,353,733,965.24 $1,048,546,571.88
2006 $4,457,624,093.11 $8,610,305,169.29 $933,776,178.96
2007 $5,479,988,352.44 $10,276,408,509.35 $1,442,686,753.17
2008 $5,653,484,223.60 $8,438,709,223.60 $612,095,465.84
2009 $4,879,378,769.04 $9,668,704,538.39 $855,872,831.83
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2001 $272,512,805.80 $698,781,195.59 $971,294,001.39
2002 $329,117,562.52 $787,007,760.85 $1,116,125,323.37
2003 $437,716,262.98 $1,147,635,524.80 $1,585,351,787.78
2004 $499,849,624.06 $1,499,849,624.06 $1,999,699,248.12
2005 $657,503,949.45 $2,030,647,709.32 $2,688,151,658.77
2006 $524,788,391.78 $2,130,894,800.48 $2,655,683,192.26
2007 $659,022,329.51 $2,830,718,165.36 $3,489,740,494.87
2008 $719,875,776.40 $2,979,813,664.60 $3,699,689,441.00
2009 $606,154,802.61 $2,634,752,875.35 $3,240,907,677.96
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 30,000,000 appears to be within SC’s capacities.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 5162 Plastics
Mat'ls/Basic Forms
Importing 3494 Valves and
pipe fittings,
Importing 3635 Vacuum
cleaners, household type, electric, and parts,
Manufacturing 2273 Carpets
and rugs
Manufacturing 2281 Yarn,
spun, of cotton, man-made fibers, and silk
Manufacturing 2800 Chemicals
and Allied Products
Manufacturing 2812 Alkalies
and chlorine
Manufacturing 2821 Plastics
materials and resins
Manufacturing 2823 Manmade
fibers, cellulosic
Manufacturing 2841 Soap
and other detergents, except specialty cleaners
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2815110000 Solid
sodium hydroxide (caustic soda)
Exporting 2815120000 Sodium
hydroxide in aqueous solution (soda lye or liquid soda)
Exporting 2836500000 Calcium
carbonate
Exporting 2849 Carbides
Exporting 2849100000 Carbides,
whether or not chemically defined, of calcium
Exporting 2901230000 Butene
(butylene) and isomers thereof
Exporting 2903110010 Chloromethane
(methyl chloride)
Exporting 2903120000 Dichloromethane
(methylene chloride)
Exporting 2903130000 Chloroform
Exporting 2903150000 1,2-dichloroethane
(ethylene dichloride)
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Vacuum
pumps
Importer Acrylic
nitrile
Manufacturer Bearing,
housings
Manufacturer Gears
Manufacturer Fly wheels
Manufacturer Pulley blocks
Manufacturer Pulleys
Manufacturer PE (polyethylene)
bags
Manufacturer PVA (polyvinyl
acetate)
Manufacturer PVC paste
resins
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region
Middle-East Importing
Pacific Exporting,
Importing
Trinidad & Tobago Exporting
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.78 |
|
|
1 |
Rs.73.43 |
|
Euro |
1 |
Rs.65.27 |
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.