MIRA INFORM REPORT
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Report Date : |
15.09.2011 |
IDENTIFICATION DETAILS
|
Name : |
SUMITOMO CORPORATION TAIWAN LTD. |
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Registered Office : |
8th Fl., No.260, tun hwa N. RD., Taipei, |
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Country : |
Taiwan |
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Date of Incorporation : |
11.04.1991 |
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Com. Reg. No.: |
23930695 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of steel products |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 80,000 |
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|
Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Contact
Points
|
Company Name: |
|
|
Supplied Name: |
Sumitomo
Corporation Taiwan Ltd. |
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Trading Address: |
|
|
Supplied Address: |
Sumitomo Flysung
Bldg 8th Floor No. 260 Tun Hwa N Rd., Taipei, Taiwan |
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Telephone Number: |
+886-2-27158903 |
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Fax Number: |
+886-2-27196923 |
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
Sumitomo
Corporation Taiwan Ltd. |
|
Registered Address: |
8th Fl., No.260,
tun hwa N. RD., Taipei, Taiwan, R.O.C. |
|
Date of Foundation: |
|
|
Registration Number: |
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|
Registry: |
Department of
Commerce, Ministry of Economic Affairs, R.O.C. |
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Registered Capital: |
NTD 785,000,000
(USD 26,533,000) (As of 2011.09,
1 NTD = 0.0338 USD) |
|
Paid-up Capital: |
NTD
610,000,000 (USD
20,618,000) |
|
Legal Representatives: |
Kouichirou
Kusano |
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Legal Form: |
|
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Principal Activities: |
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|
Staff: |
|
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
History
Subject was incorporated on 1991-4-11 with registered
number 23930695 as Joint Stock
Company in Taiwan.
Awards
|
Year |
Awards |
|
2007 |
Blue chip
importer and exporter |
|
2008 |
Blue chip
importer and exporter |
|
2009 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2007 |
18,000,000 |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
Shareholders
|
Name |
Subscription Amount |
|
Summit Global Management Ⅱ B.V. |
61,000,000 |
Subsidiaries &
Branches
Branch Companies
|
Registration
Number |
89282755 |
|
Date of
Registration |
1994-9-8 |
|
Manager Name |
Kiyoshihikari
Zinguu |
|
Date of Last
Annual Return |
2010-11-3 |
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Kouichirou Kusano |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Uruoi Suzuki |
|
Position |
|
|
3 |
|
|
Name |
|
|
Position |
Director |
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4 |
|
|
Name |
Bingjun Lai |
|
Position |
Auditor |
Personnel
Structure
|
Total Employees |
More than 8 Employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No. 85, Nanyang St., South District, Taichung City 40244, Taiwan,
R.O.C. |
Production
Information
l
Subject is a trader of steel products without any
production activities.
Purchase
Information
l
The subject purchases steel products
(such as semi-finished products, steel sheets, steel coils, steel bars, tubes
and pipes etc.), non-ferrous metals(such as copper cathodes, aluminum,
titanium, silicon wafers for PV power generation, etc.), and raw materials and
sub-materials for making iron and steel.
l
The subject purchases both in
Taiwan and abroad.
l
The subject is mainly engaged in the
trading of steel products (such
as semi-finished products, steel sheets, steel coils, steel bars, tubes and
pipes etc.), non-ferrous metals(such as copper cathodes, aluminum, titanium,
silicon wafers for PV power generation, etc.), and raw materials and
sub-materials for making iron and steel both.
l
The subject sells both in Taiwan and abroad.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
COD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Steel products |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Steel products |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Steel products |
CBD, etc |
100% |
Financial
Information
|
Year: |
Sales |
|
2010 |
About USD 8,000,000 |
Notes: We obtain the information of subject from
public files which is not confirmed by subject.
Bankers
|
Name |
Taiwan Bank |
Public
Record
Mortgage
No chattel mortgage record of subject has been found within the recent
3 months.
Lawsuit
Up to date of
reporting, no existing or latent litigation of the subject has been found.
Interview
Details
|
Name |
Zhengxin Zhou |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.81 |
|
UK Pound |
1 |
Rs.75.16 |
|
Euro |
1 |
Rs.65.11 |
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 |
|
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NB |
New Business |
---- |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.