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Report Date : |
28.12.2013 |
IDENTIFICATION DETAILS
|
Name : |
VICOME CORP. |
|
|
|
|
Registered Office : |
No.59, |
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|
|
|
Country : |
|
|
|
|
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Date of Incorporation : |
23.04.1990 |
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|
|
|
Com. Reg. No.: |
23705424 |
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|
|
|
Legal Form : |
Joint Stock Company |
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|
|
|
Line of Business : |
Manufacturing and sales of chemicals |
|
|
|
|
No. of Employees : |
About 100 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.59, Fuxing
Road, Douliu City, Yunlin County 64069, Taiwan, R.O.C. |
|
Supplied Address: |
|
|
Telephone Number: |
+886-5-557-851 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as
above.
Subject was incorporated
on 1990-4-23 with registered number 23705424
as Joint Stock Company in
Taiwan.
|
Name |
Subscription Shares |
|
Tianfa Chen |
696,241 |
|
Tianci Chen |
|
|
232,289 |
|
|
Dengyuan Hong |
364,532 |
|
K Laser Technology Inc. |
2,661,237 |
|
Meisen Chen |
128,493 |
The information above is that of subject’s major shareholders.
Shareholder Information:
|
1 |
|
|
Registered Name: |
K Laser Technology Inc. |
|
Registered Address: |
No.1, Li Hsin Rd. Vi, Science-Based
Industrial Park, Hsinchu, Taiwan, R.O.C. |
|
Date of Foundation: |
1988-4-29 |
|
Registration Number: |
22099322 |
|
Registry: |
Science Park Administration |
|
Registered Capital: |
NTD 2,000,000,000 (USD 67,000,000) (As of 2013.12, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 1,664,873,300 (USD 55,773,255.55) |
|
Legal Representatives: |
Weiwu Guo |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
Yes; (Public, TPE: 2461) |
|
Date of Last Annual Return: |
2013-12-19 |
|
Telephone Number: |
+886-3-577-0316 |
Related Companies
|
|
|
|
Name |
|
|
Address |
Canada Industrial Park, No.1756 Hong-gao Road, Jiaxing, Zhejiang,
P.R.China PC314001 |
|
+86-573-82792729 |
|
|
Fax Number |
+86-573-82792732 |
|
|
|
|
Name |
Vicome Fluorescent Tech (Qing Yuan) Co, Ltd |
|
Address |
Gao zhong ping, Da cun village, Jing tou town, Fo gang county, Qing
yuan city, Guangdong, P.R.China PC:511650 |
|
Telephone Number |
+86-763-4562770 |
|
Fax Number |
+86-763-4562700 |
Core Management
Directors
|
1 |
|
|
Name |
Tianfa Chen |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Tianci Chen |
|
Position |
Director |
|
3 |
|
|
Name |
Dengyuan Hong |
|
Position |
Director |
|
4 |
|
|
Name |
Guolong Cai |
|
Position |
Director |
|
5 |
|
|
Name |
Weiwen Guo |
|
Position |
Director |
|
6 |
|
|
Name |
Shiding Gao |
|
Position |
Supervisor |
|
7 |
|
|
Name |
Meisen Chen |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 100 Employees (Taiwan) |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.59, Fuxing Road, Douliu City, Yunlin County 64069, Taiwan, R.O.C. |
Production
Information
Subject is a manufacturer of chemicals
It is introduced that subject has three factories
in Taiwan, Qing Yuan, Guangdong Province, and Jia Xing, Zhejiang Province, the
mainland of China for production.
It is introduced that subject has obtained ISO
9002, ISO9001:2000, and ISO9001:2008 certifications.
Purchase
Information
The registered activities of subject:
|
|
Details |
|
1 |
Manufacturing, processing and trading of chemical products and
chemical materials. |
|
2 |
Manufacturing, processing and trading of jade-like stone light color
and |
|
3 |
Manufacturing, processing and trading of water treatment machine,
recycling machine and components. |
|
4 |
Designing and installing of equipment for waste gas treatment. |
|
5 |
Importing and exporting of above related materials. |
|
6 |
Agent of domestic and overseas manufacturers’ sales and marking
prices. |
|
7 |
General importing and exporting business. (Besides futures) |
It is introduced that subject purchase its raw materials at home and
abroad.
The subject is mainly engages in sales of chemicals
It is introduced that subject’s selling
territory includes Asia, America, Europe
It is introduced that subject’s major
customers include textiles manufacturing industry, printing industry
It is introduced that subject’s products are
applied to water-base ink, offset ink, solvent ink, paint, plastic, pigment
resin color
Major Products
|
|
Product |
|
1 |
BK Type Fluorescent Pigment |
|
2 |
AK Type Fluorescent Pigment |
|
3 |
HK Type Fluorescent Pigment |
|
4 |
VS Type Fluorescent Pigment |
|
5 |
VSP Type Fluorescent Pigment |
|
6 |
SP Type Fluorescent Pigment |
|
7 |
ST Type Fluorescent Pigment |
|
8 |
VA Type Fluorescent Pigment |
|
9 |
VMN Type Fluorescent Pigment |
|
10 |
VC Type Fluorescent Pigment |
|
11 |
HVP Type Fluorescent Pigment |
|
12 |
VPF Type Fluorescent Pigment |
|
13 |
LVP Type Fluorescent Pigment |
|
14 |
NP Type Fluorescent Pigment |
|
15 |
NFH Type Fluorescent Pigment |
|
16 |
NF Type Fluorescent Pigment |
|
17 |
FK Type Fluorescent Pigment |
|
18 |
NT Type Fluorescent Pigment |
|
19 |
Others |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase (Taiwan and Mainland,
China)
|
Payment Terms |
Proportion |
|
|
Raw materials |
COD, CBD |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials |
CBD and |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Chemicals |
COD, CBD |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Chemicals |
CBD |
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 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 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 |
The Operator |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.06 |
|
|
1 |
Rs.102.03 |
|
Euro |
1 |
Rs.85.27 |
INFORMATION DETAILS
|
Report Prepared
by : |
NNA |
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.