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Report Date : |
26.04.2012 |
IDENTIFICATION DETAILS
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Name : |
TOYOTA TSUSHO (TAIWAN) CO., LTD. |
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Formerly Known As : |
CHEN TAI FONG CO., LTD. |
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Registered Office : |
5F., No.101, Songren Rd., Sinyi District, Taipei 110 |
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Country : |
Taiwan |
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Date of Incorporation : |
13.04.1967 |
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Com. Reg. No.: |
07305105 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of metal products, chemical energy products, food
and beverages, automobile components and electronic components, etc |
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No. of Employees : |
About 173 employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
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Telephone Number: |
+886-2-8722-6065/+886-2-8786-2500 |
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Fax Number: |
+886-2-8722-6060/+886-2-8722-6180 |
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E-mail: |
Notes: Subject’s exact name and address are as above.
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Credit Rating: |
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Credit Opinion: |
Subject was incorporated on
Change of Name
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Former Chinese Name |
建台豐股份有限公司 |
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Current Chinese Name |
台灣豐田通商股份有限公司 |
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Former English Name |
CHEN TAI FONG CO., LTD. |
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Current English Name |
TOYOTA TSUSHO (TAIWAN) CO., LTD. |
Awards
|
Year |
Awards |
|
2008 |
Blue chip importer and
exporter |
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2009 |
Blue chip importer and
exporter |
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2010 |
Blue chip importer and
exporter |
Standard of Blue chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
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2010 |
20,000,000 |
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Name |
Subscription Shares |
|
Toyota Tsusho Corporation |
9,904,500 |
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Li Gang Enterprise Co., Ltd (Literal Translation) |
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|
540,000 |
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|
Wanyi Wu |
30,000 |
|
Xianzheng Li |
240,000 |
The information above is that of subject’s major shareholders.
Related Companies and offices
|
KAOHSIUNG LIAISON OFFICE
TEL +886-7-716-2551~3 LOGISTICS CENTER No 643. Ming Fong Rd., Yang-Mei,Tao-Yuan, R.O.C. TEL +886-3-472-4994 FUZHOU CHEN TAI FONG CO., LTD (QINGPU INDUSTRY AREA) Bai Shui Road Qingkou
Minhou, Fuzhou 350119 TEL +86-591-2278-2576 |
It is introduced that subject has related companies and
offices in Asia, Australia, Canada, USA, Europe, Africa and Middle East, while the
details are not disclosed.
Core
Management
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1 |
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Name |
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Position |
Board Chairman |
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2 |
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Name |
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Position |
Managing
Director |
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3 |
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Name |
Yanhui Su |
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Position |
Managing
Director |
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4 |
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Name |
Cenfang Lai |
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Position |
Director |
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5 |
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Name |
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Position |
Director |
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6 |
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Name |
Furukawa
Masaaki |
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Position |
Director |
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7 |
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Name |
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Position |
Director |
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8 |
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Name |
Wanyi Wu |
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Position |
Director |
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9 |
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Name |
Jianying Xu |
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Position |
Director |
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10 |
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Name |
Yingde Li |
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Position |
Director |
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11 |
|
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Name |
Xianzheng Li |
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Position |
Supervisor |
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12 |
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Name |
|
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 173 employees |
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject’s business can be divided as follows
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1 |
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2 |
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3 |
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4 |
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5 |
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6 |
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7 |
Purchase
Information
l
The major registered activities of subject:
|
Business Code |
Details |
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A102060 |
Food business |
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E603040 |
Installation and engineering of fire safety
equipment |
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E604010 |
Machinery installation industry |
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F113070 |
Wholesales of Telecommunication equipment |
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F117010 |
Wholesales of fire safety equipment |
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F213060 |
Retails of Telecommunication equipment |
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F217010 |
Retails of fire safety equipment |
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F401010 |
International Trading Business |
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F401161 |
Import of cigarette |
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F401171 |
Import of liquor |
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G801010 |
Warehousing service |
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IZ06010 |
Packaging service |
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J101030 |
Waste removal industry |
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J101040 |
Waste processing industry |
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JZ99050 |
agency industry |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
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E801010 |
Indoor decoration industry |
l
The purchases both at home and abroad
l
The subject is mainly engaged in sales of multiple
goods including Metal, Chemicals
& Energy products, Textiles
& Food, Automotive
Parts & Materials, Automotive
Parts and Machinery,
etc
l
Subject’s products are both sold in domestic and overseas
market.
Major products
sold
|
Product |
Sales Region |
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Metal |
Carbon Steel Coated Steel Special Steel Stainless Steel Stainless Steel Wire Rods Stainless Steel Piping Steel Piping Wire Rods & Bars Iron & Steel Raw Materials |
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Plastics and Secondary Processing Products Chemical Materials For Package Natural / Synthetic Rubber Fine Chemicals Chemical Material for Vehicles Chemical Material for Electronics Coal Environmental Protection Related Products |
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Textiles |
Textile Fibers Cotton Yarn, Wool Yarn, Synthetic Yarn Blend
Yarn, Functional Yarn & Fancy Yarn All Kind of Woven and Knit Fabrics in Piece Dyed,
Yarn Dyed, Printed, Laminated and Embroidered |
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Food Material Feed Material |
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Automotive Materials: Automotive Fabric, PVC Leather, PVC Film, Genuine
Leather, Non-woven Fabric, Sunshade Automotive Parts: Alloy & Steel Wheels, Tires, Door Mirror, Accessories for After-market: Car Mats, Scuff Plate,Air Dynamic Parts, |
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Electronic Devices, EMS Business Electronic Devices: LCD, LED, PCB,
Semi-conductor, etc. EMS Business: ECU for Car Electronics (Lamp, WRS,
Sun-roof, Heat-control, etc.) Case Tool for Embedded Systems : CATS Products |
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Export & Import for Machinery Equipment: Machinery Tools: Industrial Machinery: Testing & Inspecting Equipment for 3-D,
Capacity,Environment Quality, etc. Export & Import for Moulds & Jigs: Injection Moulds Press Dies Welding Jigs & Checking Fixture The Above Equipment Have A Lot Technology &
Sales Record for Auto-motor Production Engine (Use For All Terrain Vehicle, General Purpose) |
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
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Multiple goods |
CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Multiple goods |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Multiple goods |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Multiple goods |
CBD, etc |
100% |
Subject has no obligations to disclose its financial statements to the
third party according to the relevant policy in Taiwan and the only source from
which we can obtain the information is the subject itself.
Subject declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Subject did not introduce its bank details; from other source we can not
obtain the relevant information, either.
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.
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.49 |
|
UK Pound |
1 |
Rs.84.66 |
|
Euro |
1 |
Rs.69.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<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.