|
Report Date : |
02.05.2012 |
IDENTIFICATION DETAILS
|
Name : |
HUA JENG CHEMICAL INDUSTRIAL CO., LTD. |
|
|
|
|
Registered Office : |
No.6 |
|
|
|
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Country : |
|
|
|
|
|
Date of Incorporation : |
05.09.1996 |
|
|
|
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Com. Reg. No.: |
97210018 |
|
|
|
|
Legal Form : |
Joint Stock Company |
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|
|
|
Line of Business : |
Manufacture of HUA JENG EPS
expandable polystyrene. |
|
|
|
|
No. of Employees : |
Not Available |
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 : |
Usually correct |
|
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 (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: |
|
|
Trading Address: |
No.6 Chung Cheng Road, Ming
Hsiang Ind. Dist., Ming Hsiung Shiung Chai-Yi, Taiwan, R.O.C |
|
Supplied Address: |
No. 6 Chung Cheng Road, Ming
Hsiung Industrial District, Ming Hsiung Chaiyi Taiwan |
|
Telephone Number: |
|
|
Fax Number: |
|
|
Mobile Number: |
+886-988-370268 |
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E-mail: |
Notes:
The exact name and address are as above.
|
Registered
Name: |
HUA JENG
CHEMICAL INDUSTRIAL CO., LTD. |
|
Registered
Address: |
No.6 Chung
Cheng Road, Ming Hsiang Ind. Dist., Ming Hsiung Shiung Chai-Yi |
|
Date of
Foundation: |
|
|
Registration
Number: |
97210018 |
|
Registry: |
MOEA
Central Office |
|
Registered
Capital: |
NTD 150,000,000 (USD 5,141,020) (As of
2012.5, 1 NTD = 0.03427 USD) |
|
Paid-up
Capital: |
NTD
150,000,000 (USD 5,141,020) |
|
Legal
Representatives: |
Zhenzong
Guo |
|
Legal Form: |
|
|
Principal
Activities: |
Manufacture of HUA JENG EPS expandable
polystyrene. |
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
The staff number are not available from the subject or other sources.
Subject
was incorporated on
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
|
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
Name |
Subscription
Amount |
|
Zhenzong
Guo |
3,782,000 |
|
Yourui Guo |
|
|
582,500 |
|
|
Junliang
Guo |
2,439,000 |
|
Qianhui
Guo |
2,395,500 |
The
information above is that of subject’s major shareholders.
Core Management
Directors
|
1 |
|
|
Name |
Zhenzong Guo |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Yourui Guo |
|
Position |
Director |
|
3 |
|
|
Name |
Junliang Guo |
|
Position |
Director |
|
4 |
|
|
Name |
Qianhui Guo |
|
Position |
Supervisor |
Offices &
Factories
|
|
Headquarters
|
|
Add |
No.6
Chung Cheng Road, Ming Hsiang Ind. Dist., Ming Hsiung Shiung Chai-Yi, Taiwan,
R.O.C |
Production
Information
l
Subject is a manufacturer of HUA JENG EPS expandable polystyrene
with the production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details
|
|
1 |
Process,
manufacture and trade of polyfoam, thinsulate |
|
2 |
Manufacture,
process and trade of polystyrene |
|
3 |
Process,
manufacture and trade of synthetic resin, solid |
|
4 |
General
import and export trade.( Besides
licensed business) |
l
The components and raw material for
production are mostly purchased from local Taiwan.
l
The subject is mainly engaged in manufacturing
and trading of HUA JENG EPS EXPANDABLE POLYSTYRENE and the related products.
l
Subject introduced that HUA JENG EPS
EXPANDABLE POLYSTYRENE is polymerized through suspension reaction and packed
into small round beads which they can be pre-expanded into expansion granules
through steam heating.
l
Subject declined to disclose more
details about subject unless we tell him the client’s name.
Import
and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Subject
declined the settlements information, and from other sources, we couldn’t
obtain the information, either.
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 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 |
N/A |
Note:
A man answered the phone, but declined to disclose
his name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.51 |
|
|
1 |
Rs.85.49 |
|
Euro |
1 |
Rs.69.61 |
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.