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Report Date : |
16.10.2012 |
IDENTIFICATION DETAILS
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Name : |
CHINA STEEL GLOBAL TRADING CORPORATION |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
02.04.1996 |
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Com. Reg. No.: |
96975583 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of Metal Products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet
normal commitments. |
Satisfactory |
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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 – June 30th,
2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Taiwan - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually decreasing government
guidance of investment and foreign trade. In keeping with this trend, some
large, state-owned banks and industrial firms have been privatized. Exports,
led by electronics, machinery, and petrochemicals have provided the primary
impetus for economic development. This heavy dependence on exports exposes the
economy to fluctuations in world demand. In 2009, Taiwan's GDP contracted 1.9%,
due primarily to a 20% year-on-year decline in exports. In 2010 GDP grew 10.9%,
as exports returned to the level of previous years, and in 2011, grew 5.2%.
However, 2012 growth will likely be less, according to most forecasters,
because of softening global demand. Taiwan's diplomatic isolation, low birth
rate, and rapidly aging population are major long-term challenges. Free trade
agreements have proliferated in East Asia over the past several years, but so
far Taiwan has been excluded from this greater economic integration largely
because of its diplomatic status with the exception of the landmark Economic
Cooperation Framework Agreement (ECFA) signed with China in June 2010. The MA
administration has said that the ECFA will serve as a stepping stone toward
trade pacts with other regional partners, and negotiations on a deal with
Singapore began this year. Follow-on components of ECFA, including deals on
trade in goods, services, and investment, have yet to be completed. Taiwan's
Total Fertility rate of just over one child per woman is among the lowest in
the world, raising the prospect of future labor shortages, falling domestic
demand, and declining tax revenues. Taiwan's population is aging quickly, with
the number of people over 65 accounting for 10.9% of the island's total
population as of 2011. The island runs a large trade surplus, and its foreign
reserves are the world's fourth largest, behind China, Japan, and Russia. Since
2005 China has overtaken the US to become Taiwan's second-largest source of
imports after Japan. China is also the island's number one destination for
foreign direct investment. Three financial memorandums of understanding,
covering banking, securities, and insurance, took effect in mid-January 2010,
opening the island to greater investments from the mainland's financial firms
and institutional investors, and providing new opportunities for Taiwan
financial firms to operate in China. Closer economic links with the mainland
bring greater opportunities for the Taiwan economy, but also poses new
challenges as the island becomes more economically dependent on China while
political differences remain unresolved.
|
Source : CIA |
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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: |
+886-7-332-2168 |
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Fax Number: |
Notes: subject’s exact name and address are as above.
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Credit Opinion: |
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Registered Name: |
China Steel Global Trading Corporation |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
96975583 |
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Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
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Registered Capital: |
NTD 2,500,000,000 (USD 84,750,000) (As of 2012.10, 1 NTD = 0.0339 USD) |
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Paid-up Capital: |
NTD 1,788,298,300 (USD 60,623,312) |
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Legal Representatives: |
Zongying Huang |
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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: |
Notes: Subject declined to disclose its staff number;
from other source we can not obtain the relevant information, either.
Subject was incorporated on
|
Year |
Awards |
|
2008 |
Blue chip importer
and exporter |
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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 |
|
China Steel Corporation |
178,824,232 |
The information
above is that of subject’s major shareholders.
Parent
Company
|
Name |
China Steel
Corporation |
|
Address |
No. 1 Chung Kang
Road, Siaogang District Kaohsiung, 812 Taiwan |
|
Tel |
+886-7-8021111 |
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Fax: |
+886-7-8018434 |
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Listed at Stock
Exchange: |
Yes (Public,
TPE:2002) |
|
Description |
China Steel
Corporation is principally engaged in steel business. The Company
manufactures various steel products, including plate products, steel bars,
wire rod products, hot rolled products, cold rolled products, electro galvanizing
steel products, hot-dip galvanizing steel products and electromagnetic steel
sheets. The Company's products are applied to ships, bridges, containers,
trucks, steel structures, automobiles, furniture, home appliances, hardware
fittings, computers, motors and transformers, among others. The Company
distributes its products in the domestic market and to overseas markets,
including Hong Kong, Mainland China, Japan, Malaysia, South Korea, Indonesia,
Thailand, Vietnam and Singapore. |
Related Companies:
|
CSGT (SHANGHAI)
CO., LTD.s ADD:
ADD: 21/F., Zhongxin Mansion, No. 1468, Nanjing
West Road, Shanghai, China Fax: +86-21-6289-6678 CSGT HONG KONG
LIMITED Address : #1407-19 Des Voeux Road
Central, Central, Hong Kong TEL: +852-25231488 FAX: +852-25234748 CSGT (SINGAPORE)
PTE,LTD. #14-01,MAS Building ,10 Shenton Way Singapore 079117 TEL: +65-62238777~8 FAX: +65-62256054 EMAIL: wesley@csgtsg.com.sg CSGT METALS VIETNAM JOINT STOCK COMPANY ADD: Lot VI – CSGT(SINGAPORE) PTE., LTD. BANGKOK REPRESENTATIVE
OFFICE ADD: 1 MD Tower, 7th Floor, Room B, Soi
Bangna-Trat 25, Khwang Bangna, Khet angna, Bangkok 10260, Thailand TEL: +66-2-1864906 FAX: +66-2-1864905 |
Directors
|
1 |
|
|
Name |
Zongying Huang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Ruoqi Zou |
|
Position |
Director |
|
3 |
|
|
Name |
Zhiyu Song |
|
Position |
Director |
|
4 |
|
|
Name |
Jigang Liu |
|
Position |
Director |
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5 |
|
|
Name |
Longyuan Ni |
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Position |
Director &
Manager |
|
Date of
Appointment: |
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6 |
|
|
Name |
Qingchao Li |
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Position |
Supervisor |
Offices
& Factories
|
|
Headquarters |
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Add |
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Production
Information
l
Subject is a trader of metal products.
Purchase
Information
l
The major registered activities of subject:
|
Business Code |
Details |
|
-- |
Import, export and sales business of steel |
|
-- |
Import, export and sales business of industrial materials (Scrap metal and electronic materials) |
|
-- |
Introducing and trading business of iron and
steel industry manufacturing equipment, instruments and materials |
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-- |
Agent of Steel and aluminum products |
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-- |
Import and export of stainless
steel, aluminium
sheet and Secondary processed products, etc |
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-- |
Import and export business of mineral products,
chemicals and textiles, etc |
|
-- |
storage business |
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-- |
International Trading Business |
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ZZ99999 |
Besides licensed business, all other business items
those are not banned or restricted. |
l
Subject purchases mainly
from Taiwan.
l
Subject is the agent of
China Steel Corporation, Chung Hung Steel Co., Ltd. and CS Aluminum Corp., etc
l
Subject also has other product
and service suppliers including DRAGON STEEL, CHINA STEEL EXPRESS CORPORATION,
CHINA STEEL MACHINERY CORPORATION, CHINA ECOTEK CORPORATION AND CHC RESOURCES
CORPORATION, etc
l
The subject is mainly
engaged in sales of metal products including steel products, aluminum products,
stainless steel, roller equipment, fire resistant materials, and etc.
l
Subject’s products are
both sold in domestic and overseas market and subject mainly exports to Europe and
Southeast Asia, and countries such as China, Japan, Australia, and the
United States, etc and it has related companies and service points in many
regions of the world for distribution.
Major products
|
Product Type |
Details |
|
Carbon Steel |
Hot rolled steel Cold rolled steel Hot Dipped Galvanized Steel Hot Rolled Plate Galvanized Steel Sheet Electrical Steel Automobile and Home Applications Material Wire Rod/Rebar |
|
ALUMINUM |
Aluminum Plates Aluminum Sheets and Coils Aluminum Foil |
|
Stainless Steel |
HotRolled Stainless Steel Coil ColdRolled Stainless Steel
Coil HotRolled Stainless Steel
Plate ColdRolled Stainless Steel
Plate Stainless Steel Wire Rod Stainless Steel Pipe Stainless Steel Processed
Products. |
|
Work Roll |
-- |
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Fire-Retardant Materials |
-- |
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Ferro Alloys |
-- |
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Others |
Steel Slabs Pig Iron |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Metal products,
etc |
COD, interior
settlement, etc |
100% |
Subject has little import
business
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Metal products,
etc |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Metal products,
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 declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Subject declined to disclose 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.53.11 |
|
UK Pound |
1 |
Rs.85.14 |
|
Euro |
1 |
Rs.68.60 |
INFORMATION DETAILS
|
Report
Prepared by : |
NLM |
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 |
|
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.