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Report Date : |
09.03.2012 |
IDENTIFICATION DETAILS
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Name : |
CGPC POLYMER CORPORATION |
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Registered Office : |
12f., No.37, Jihu Rd., Neihu Dist., Taipei City 11492 |
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Country : |
Taiwan |
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Date of Incorporation : |
19.05.2009 |
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Com. Reg. No.: |
24347565 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and trade of PVC resin and the related products. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 10,000 |
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Status : |
Moderate |
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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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
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: |
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Fax Number: |
Notes:
The supplied address is incomplete, and the exact address is as above.
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Credit Rating: |
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Credit Opinion: |
Subject declined
to disclose the staff number, and from other sources, we couldn’t obtain the
information, either.
Subject was incorporated on
|
Name |
Subscription
Amount |
|
China General
Plastics Corporation |
80,000,000 |
The information
above is that of subject’s major shareholders.
Parent Company
|
Name |
China General Plastics Corporation |
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Address: |
12Fl., No.37 Ji-Hu Rd., Nei-Hu Dist., Taipei,
Taiwan 114, R.O.C. |
Subject introduced
that China General Plastics Corporation is one of the three largest PVC resin
manufacturers in Taiwan.
Core
Management
Directors
|
1 |
|
|
Name |
Yigui Wu |
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Position |
Board of Chairman |
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2 |
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Name |
Bingyi Wang |
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Position |
Director |
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3 |
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Name |
Dehuai Zhou |
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Position |
Director |
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4 |
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Name |
Dechang Ye |
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Position |
Supervisor |
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject is a manufacturer of PVC resin and the related products
with the production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C801020 |
Manufacture of
petroleum material |
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F107200 |
Wholesale of
chemical material |
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C801100 |
Manufacture of
synthetic rubber and plastic |
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ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The raw materials for productions are purchased
from local and abroad.
l
Subject is mainly engaged in manufacturing and
trading of PVC resin and the related
products.
l
Subject is a subsidiary
of China
General Plastics Corporation.
l
China General Plastics Corporation is mainly
engaged in manufacturing and trading of PVC
resin.
l
Subject introduced that major products sold as
following:
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Product |
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1 |
PVC Resin |
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2 |
PVC Compound |
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3 |
PVC Film |
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4 |
PVC Leather |
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5 |
Construction
Products |
|
6 |
Consumer
Products |
l
Subject’s selling territory covers all over the
world.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Subject declined the purchase settlements information, and from other
sources, we couldn’t obtain the information, either.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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PVC resin and the related products |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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PVC resin and the related products |
T.T, L/C, 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 relevant staff Mr. Wang declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
The bankers’ information is not available from the
subject or other sources.
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.
|
Name |
Mr. Wang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.57 |
|
|
1 |
Rs.79.57 |
|
Euro |
1 |
Rs.66.49 |
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.