|
Report Date : |
09.08.2013 |
IDENTIFICATION DETAILS
|
Name : |
SCA TAIWAN LTD. |
|
|
|
|
Registered Office : |
8F., No.2, Sec 1, Dunhua S. Rd., Taipei 10506 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
21.09.1986 |
|
|
|
|
Com. Reg. No.: |
22192869 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture and sell family daily necessities. |
|
|
|
|
No. of Employees : |
About 300 Employees |
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
TAIWAN - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually
decreasing government guidance of investment and foreign trade. 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 1.8%, due
primarily to a 13.1% year-on-year decline in exports. In 2010 GDP grew 10.7%,
as exports returned to the level of previous years, and in 2011, grew 4.0%. In
2012, however, growth fell to 1.3%, 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 except for the landmark Economic
Cooperation Framework Agreement (ECFA) signed with China in June 2010, so far
Taiwan has been excluded from this greater economic integration in part because
of its diplomatic status. Negotiations continue on such follow-on components of
ECFA regarding trade in goods and services. The MA administration has said that
the ECFA will serve as a stepping stone toward trade pacts with other key trade
partners, which Taiwan subsequently launched with Singapore and New Zealand.
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 11.2% of the island's
total population as of 2012. The island runs a large trade surplus largely
because of its surplus with China, and its foreign reserves are the world's
fifth largest, behind China, Japan, Saudi Arabia, and Russia. In 2006 China
overtook 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. In August 2012, Taiwan Central Bank signed a memorandum of
understanding on cross-Strait currency settlement with its Chinese counterpart.
The MOU allows for the direct settlement of Chinese RMB and the New Taiwan
dollar across the Strait, which could help develop Taiwan into a local RMB hub.
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
|
Company Name: |
|
|
Former Name: |
Everbeauty Corporation |
|
Supplied Name: |
|
|
Trading Address: |
|
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2775-5333 |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
|
Registered Name: |
Sca Taiwan Ltd. |
|
Registered Address: |
8F., No.2, Sec 1, Dunhua S. Rd., Taipei 10506, Taiwan |
|
Date of Foundation: |
1986-9-21 |
|
Registration Number: |
22192869 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 1,430,879,450 (USD 48,506,813) (As of 2013.08, 1 NTD = 0.0339 USD) |
|
Paid-up Capital: |
NTD 1,430,879,450 (USD 48,506,813) |
|
Legal Representatives: |
Stephan Dyckerhoff |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject was incorporated on 1986-9-21 with registered
number 22192869 as Joint Stock Company in Taiwan.
Change of Name
|
Former Chinese
Name |
|
|
Current Chinese
Name |
台灣愛生雅股份有限公司 |
|
Former English
Name |
Everbeauty
Corporation |
|
Current English
Name |
Sca Taiwan Ltd |
|
Subscription Shares |
|
|
Sca Hygiene Holding Ab |
143,087,945 |
The information
above is that of subject’s major shareholders.
Parent Company
|
Name |
Sca Hygiene
Holding Ab |
|
Address |
Stureplan 3, 111
45, Stockholm, Sweden |
|
Telephone Number |
+46-8788-5100 |
Factory
|
Name |
Gaoxiong Factory |
|
Address |
No. 2, 3 Ally,
Weixin Road, Yongan Town, Gaoxiong, Taiwan. |
|
Telephone Number |
+886-7-691-271 |
|
Fax Number |
+886-7-691-0072 |
|
Email |
Offices
|
1 |
|
|
Name |
Taipei Office |
|
Address |
No.19, Wu-Quan 2th Rd, Five shares industrial zone Taipei, Taiwan. |
|
Telephone Number |
+886-2-2298-9011 |
|
Fax Number |
+886-2-2298-0329 |
|
2 |
|
|
Name |
Taichung Office |
|
Address |
8F-3, No.540,
Sec 1 Wenxin Road, Nantun District, Taichung, Taiwan. |
|
Telephone Number |
+886-4-2320-1685 |
|
Fax Number |
+886-4-2320-0221 |
|
Name |
Gaoxiong Office |
|
Address |
No. 2, 3 Ally, Weixin
Road, Yongan Town, Gaoxiong, Taiwan. |
|
Telephone Number |
+886-7-691-0851 |
|
Fax Number |
+886-7-691-0072 |
Related Company:
|
Name |
SCA (China)
Holding Co., Ltd. |
|
Address |
5th Floor, Building
1, No.3 Fenyang Road,Xuhui District, Shanghai 200031, China. |
|
Telephone Number |
+86-21-2405-9888 |
|
Fax Number |
+86-21-5433-2243 |
Branch Companies
|
1 |
|
|
Name |
Taichung Branch |
|
Address |
No.7, 149 ally, 168
Lane, Sec 2, Lingang road, Wuqi District, Taichung City Taiwan. |
|
Registration
Number |
97170607 |
|
Date of
Registration |
1996-11-27 |
|
Date of
revocation |
2013-4-8 |
|
Status |
Revocation |
|
Manager Name |
Dingyang Qiu |
|
2 |
|
|
Name |
Tainan Branch |
|
Address |
1F, No. 48, 153
ally, Po campus, Yongkang District, Tainan City, Taiwan. |
|
Registration
Number |
84896179 |
|
Date of
Registration |
1994-9-2 |
|
Date of
revocation |
1997-3-6 |
|
Status |
Revocation |
|
Manager Name |
Fengbao Li |
|
3 |
|
|
Name |
Hsinchu Branch |
|
Address |
No. 381, 2 Sec,
Yanping Road, Hsinchu City, Taiwan. |
|
Registration
Number |
84894480 |
|
Date of
Registration |
1994-7-11 |
|
Status |
revocation |
|
Date of
revocation |
1998-8-17 |
|
Manager Name |
Fengbao Li |
|
4 |
|
|
Name |
Dounan Branch |
|
Address |
1F, No. 899,
Zhongzheng Road, Dalin Town, Jiayi County, Taiwan. |
|
Registration
Number |
84451577 |
|
Date of
Registration |
1993-10-21 |
|
Date of
revocation |
1998-5-28 |
|
Status |
revocation |
|
Manager Name |
Fengbao Li |
Core
Management
Directors
|
1 |
|
|
Name |
Stephan
Dyckerhoff |
|
Position |
Board chairman |
|
2 |
|
|
Name |
Toby Lawton |
|
Position |
Director |
|
3 |
|
|
Name |
Ulf Soderstrom |
|
Position |
Director |
|
4 |
|
|
Name |
Ruben Carbajo |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 300 Employees(Taiwan); About 36,000 Employees(Group) |
Offices
& Factories
|
|
Headquarters |
|
Add |
l
Subject is engaged in manufacturing of family daily
necessities, etc.
l
Subject has been certificated by, ISO9002, ISO9001.
l
It is introduced subject has a factory in Gaoxiong
city, Taiwan.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacture and sell business of family daily
necessities (paper diaper, sanitary napkin, packaging bag, toilet paper, facial
tissue, paper towel, non-woven fabric, paper pants, toilet soap, cleaning
agent, cosmetic, etc). |
|
-- |
Manufacture and sell business of the product’s
raw material above. |
|
-- |
Relevant import and export trade business(except
futures) |
|
F104110 |
Wholesale business of piece goods, clothing,
shoes, caps, umbrella, furnishings. |
|
F108031 |
Medical equipment wholesale business. |
|
F204110 |
Retail business of piece goods, clothing, shoes,
caps, umbrella, furnishings. |
|
F208031 |
Medical equipment retail business. |
|
C306010 |
Needle trade |
|
C501990 |
Other wood products manufacturing industry. |
|
CF01011 |
Medical equipment manufacturing industry |
|
CZ99990 |
Manufacturing industry of not classified Other
industrial products |
|
F105050 |
Wholesale business of furniture, bedding,
kitchenware, installed product. |
|
F106020 |
Daily supplies wholesale business. |
|
F107030 |
Wholesale business of cleaning supplies. |
|
F107990 |
Wholesale business of other chemical
products |
|
F108040 |
Wholesale business of make-up products. |
|
F109070 |
Wholesale business of culture and
education, instrument, recreational supplies. |
|
F115010 |
Wholesale business of jewelry and precious
metal. |
|
F205040 |
Retail industry of furniture, bedding, kitchenware,
installed product. |
|
F206020 |
Retail industry of daily supplies |
|
F207030 |
Retail industry of cleaning supplies. |
|
F207990 |
Retail industry of other chemical products |
|
F209060 |
Retail industry of culture and education, instrument,
recreational supplies. |
|
F215010 |
Retail industry of jewelry and precious
metal |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l The raw materials
for production are mostly purchased in
domestic markets.
l The subject is mainly
engaged in sales of family daily necessities.
l The major products
sold by subject include disposable diaper, baby diaper, adult diaper, insert
pads, under pads, maternity pads, and wet wipes, etc.
l The subject’s main sales region is Asia.
l It is introduced
subject’s group’s total sale in 2012 has reached 9.8 billion Euro.
l Subject sells products with the brands TENA, Libero, Libresse, Dr. P,
Sealer, etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
(Taiwan and Mainland, China)
|
Terms |
Proportion |
|
|
Raw Material |
Cash, T/T, etc |
100% |
Foreign Purchase
Subject has little import.
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Family daily
necessities. |
T/T, Cash, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Family daily
necessities. |
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 Ms. Li declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we cannot
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.
|
Name |
Ms. Li |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.11 |
|
|
1 |
Rs.94.77 |
|
Euro |
1 |
Rs.81.54 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.