|
Report Date : |
28.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
T&T INDUSTRIES CORPORATION |
|
|
|
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Registered Office : |
No.3, |
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Country : |
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|
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Date of Incorporation : |
25.03.1980 |
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|
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Com. Reg. No.: |
12331482 |
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|
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Legal Form : |
Joint Stock Company |
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|
|
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Line of Business : |
Manufacture and sales of dyeing and
finishing chemicals, etc |
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|
|
|
No. of Employees : |
200 |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
Payment Behaviour : |
No complaints |
|
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) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company Name: |
|
|
Supplied Name: |
|
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Trading Address: |
|
|
Supplied Address: |
6FL 124 Nanking East Rdsection 2
Chungshan Dist Taipei City 104 |
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Telephone Number: |
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Fax Number: |
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E-mail: |
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|
Website: |
Notes:
Subject’s exact name and address
are as above.
|
Registered Name: |
T&T Industries Corporation |
|
Registered Address: |
No.3, Kuo Chien 1st Rd., Shu Lin Vill., Kuan Ying
Hsiang, Taoyuan Hsien, Taiwan |
|
Date of Foundation: |
|
|
Registration Number: |
12331482 |
|
Registry: |
Department
of Commerce, Ministry of
Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 661,500,000 (USD 22,160,250) (As of
2012.06, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD
604,393,360 (USD 20,247,178) |
|
Legal Representatives: |
Shixiong
Wang |
|
Legal Form: |
|
|
Principal Activities: |
Manufacture and sales of dyeing and
finishing chemicals, etc |
|
Staff: |
|
|
Listed
at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on
Awards
|
Year
|
Awards
|
|
2008 |
Blue
chip importer and exporter |
|
2009 |
Blue
chip importer and exporter |
|
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 |
|
2010 |
20,000,000 |
|
Name |
Subscription Shares |
|
Shixiong Wang |
582,500 |
|
Zhilong Wang |
|
|
9,718,688 |
|
|
Weichun Guo |
796,512 |
|
Xiuqing Chenlin |
468,625 |
|
Xiaopei Yu |
243,847 |
|
Kaijia Fang |
3,624,722 |
The
information above is that of subject’s major shareholders.
Factory
|
Address:
|
No.3, Guojian 1st Rd., Guanyin
Township, Taoyuan County 328, Taiwan (R.O.C.) |
|
Tel |
+886-3-4831666 |
|
Address
|
+886-3-4832666 |
Core Management
Directors
|
1 |
|
|
Name |
Shixiong
Wang |
|
Position |
Board
Chairman |
|
2 |
|
|
Name |
Zhilong
Wang |
|
Position |
Director
|
|
3 |
|
|
Name |
Weichun
Guo |
|
Position |
Director
|
|
4 |
|
|
Name |
Xiuqing
Chenlin |
|
Position |
Director |
|
5 |
|
|
Name |
Xiaopei
Yu |
|
Position |
Director
|
|
6 |
|
|
Name |
Kaijia
Fang |
|
Position |
Supervisor
|
Personnel
Structure
|
Total
Employees |
About 200 employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
|
l
Subject is engaged in manufacture of
textile dyestuffs and auxiliaries for natural and synthetic fibers.
l
It is introduced that subject’s factory
obtained the certifications of ISO 9002, ISO 14001 and ISO 9001
Annual
Capacity
|
Products |
Annual Capacity |
|
Basic Dyes |
2,000 tons |
|
Reactive Dyes |
2,000 tons |
|
Advanced Direct Dyes |
2,000 tons |
|
Disperse Dyes |
4,000 tons |
|
Advanced Acid Dyes |
2,000 tons |
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C802200 |
|
|
C802120 |
Manufacture of industrial additives. |
|
CC01080 |
Manufacture of electronic components,
etc |
|
H703100 |
Real estate leasing industry |
|
C199990 |
Manufacture of other unclassified
food |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
Subject’s purchases both at home and abroad
and it is introduced that subject’s production equipments are imported from
foreign countries.
l
The subject is mainly engaged in sales
of textile dyestuffs and auxiliaries for natural and synthetic fibers.
l
Subject has its own brand named
“T&T”
l
Subject’s products are both sold in
domestic and overseas market and subject’s sales regions cover Taiwan, Japan,
the mainland of China, The Middle East, South East Asian Regions, USA, African
and European countries, etc.
l
It is introduced that subject also
sells through cooperative agents in different regions.
Major
products
|
Type
|
Details
|
|
Disperse Dyes
- Taicron
Dyes |
Taicron SP Series Taicron XF-T Series Taicron HW-T Series Taicron E-ACT Series Taicron SE-UNT Series Taicron E Series Taicron SE Series Taicron SF Series |
|
Reactive Dyes
- Taifix
Dyes |
VS Series Supra Series HE Series H-ESL Series EHF Series |
|
Taitilon KWL Series Tainaset Series Tainaset PA-T Series( Lycra,
OP ) |
|
|
Direct
Dyes - Tairus Dyes ( azo free ) |
-- |
|
Basic
Dyes - Taiacryl Dyes |
Acrylic Series CD Type Series AD Type Series |
Import
and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials and equipment, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Textile dyestuffs and auxiliaries,
etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Textile dyestuffs and auxiliaries,
etc |
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’s staff Mr. Hu declined to disclose its
financials citing the grounds of company’s confidentiality; from other source
we can not obtain the relevant information, either.
|
Name |
Taiwan
Cooperative Bank |
Notes:
Mr. Hu did not introduce any more
details.
Mortgage
No chattel
mortgage record of subject has been found within the recent 3 months.
Lawsuit
|
20030616 |
|
|
Reason |
Violating Labor Safety and Health Law |
|
Name |
Mr. Hu |
|
Department: |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.57.21 |
|
|
1 |
Rs.89.42 |
|
Euro |
1 |
Rs.71.46 |
INFORMATION DETAILS
|
Report Prepared
by : |
PDT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with full
security |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
NB |
New Business |
-- |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.