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Report Date : |
20.02.2013 |
IDENTIFICATION DETAILS
|
Name : |
ORIENTAL GIANT DYES & CHEMICAL IND.
CORP. |
|
|
|
|
Registered Office : |
6F., No.111, Sec. 2, Chung-Sun N. Rd.,
Taipei City 104 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
25.05.1977 |
|
|
|
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Com. Reg. No.: |
07604764 |
|
|
|
|
Legal Form : |
Joint Stock Company |
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|
|
|
Line of Business : |
Manufacturing and sales of dyes and chemicals, etc |
|
|
|
|
No. of Employees : |
About 100 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 – 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 |
|
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. 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: |
|
|
Supplied Name: |
|
|
Trading Address: |
Room 601, 6F.,
No.111, Sec. 2, Chung-Sun N. Rd., Taipei City 104, Taiwan (R.O.C.) |
|
Supplied Address: |
RM 601 6FL 111
CHUNG SHAN NORTH RD SECTION 2CHUNGSHAN DIST TAIPEI CITY 104XXX |
|
Telephone Number: |
+886-2-2531-1936 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as
above.
|
Registered Name: |
ORIENTAL GIANT DYES & CHEMICAL IND.
CORP. |
|
Registered Address: |
6F., No.111, Sec. 2,
Chung-Sun N. Rd., Taipei City 104, Taiwan (R.O.C.) |
|
Date of Foundation: |
1977-5-25 |
|
Registration Number: |
07604764 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 150,000,000
(USD 5,100,000) (As of 2013.02, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 150,000,000 (USD 5,100,000) |
|
Legal Representatives: |
Duhao Qiu |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated
on 1977-5-25 with registered number 07604764
as Joint Stock Company in
Taiwan.
|
Name |
Subscription Shares |
|
Duhao Qiu |
35,425 |
|
Zhengnan Ji |
|
|
17,470 |
|
|
Guorong Li |
31,242 |
|
Songbai Investment Co., Ltd |
128,384 |
|
Qingdao Yang |
29,960 |
|
Lixue Qiushi |
39,728 |
|
Zhicong Lin |
15,000 |
|
Jiangbin Qiu |
33,366 |
|
Fumei Qiucai |
119,365 |
|
Kunzhi Chen |
24,183 |
|
Hongchang Liao |
62,480 |
|
Weifeng Li |
13,330 |
The information above is that of subject’s major shareholders.
Factory
|
Address |
No.1433, Guangxing Road, Bade City, Taoyuan County, Taiwan, R.O.C. |
|
Telephone Number |
+886-3-366-5535 |
|
Fax Number |
+886-5-532-6215 |
Office
|
Address |
No.240-2, Minsheng Road, Douliu City, Yunlin County, Taiwan, R.O.C. |
|
Telephone Number |
+886-5-532-6187 |
|
Fax Number |
+886-5-532-6215 |
Related Companies
|
1 |
|
|
Name |
European OGD Limited |
|
Address |
Nortonthorpe Mills, Scissett, Huddersfield, HD8 9LA, United Kingdom |
|
Telephone Number |
+44-0-1484-865228 |
|
Fax Number |
+44-0-1484-861887 |
|
2 |
|
|
Name |
OGD Korea Ltd |
|
Address |
#309 Busan-Jinhae Free Economic Zone Authority, 1709 Song Jeong Dong,
Gang Seo Gu, Busan, South Korea |
|
Telephone Number |
+82-51-266-4343 |
|
Fax Number |
+82-51-266-4774 |
|
3 |
|
|
Name |
Oriental Giant Dyes & Chemical (China) Co., Ltd. |
|
Address |
Room 502, No.13, Zhiquan Road, Shinan District, Qingdao City, Shandong
Province, China |
|
Telephone Number |
+86-532-8377-1776 |
|
Fax Number |
+86-532-8377-1697 |
Core Management
Directors
|
1 |
|
|
Name |
Duhao Qiu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Wuxiong Qiu |
|
Position |
Director |
|
Date of Appointment |
1991-6-25 |
|
3 |
|
|
Name |
Zhengnan Ji |
|
Position |
Director |
|
4 |
|
|
Name |
Guorong Li |
|
Position |
Director |
|
5 |
|
|
Name |
Dengsong Qiu |
|
Position |
Director |
|
Date of Appointment |
1989-1-12 |
|
6 |
|
|
Name |
Qingdao Yang |
|
Position |
Director |
|
Date of Appointment |
1986-5-12 |
|
7 |
|
|
Name |
Lixue Qiushi |
|
Position |
Director |
|
8 |
|
|
Name |
Zhicong Lin |
|
Position |
Director |
|
9 |
|
|
Name |
Jiangbin Qiu |
|
Position |
Director |
|
10 |
|
|
Name |
Fumei Qiucai |
|
Position |
Director |
|
11 |
|
|
Name |
E Que |
|
Position |
Director |
|
12 |
|
|
Name |
Kunzhi Chen |
|
Position |
Supervisor |
|
13 |
|
|
Name |
Hongchang Liao |
|
Position |
Supervisor |
|
14 |
|
|
Name |
Weifeng Li |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 100 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
Room 601, 6F., No.111, Sec. 2, Chung-Sun N. Rd., Taipei City 104,
Taiwan (R.O.C.) |
Production
Information
Subject is engaged in manufacturing of dyes and chemicals, etc.
Subject has a factory in Taiwan for production.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
C802200 |
Manufacturing of coating, paint, dye and pigment |
|
C802120 |
Manufacturing of industrial additives |
|
F107020 |
Wholesale of dye and pigment |
|
F207020 |
Retail of dye and pigment |
|
F104110 |
Wholesale of textile, garment, shoe, hat, umbrella, and accessory |
|
F401010 |
International trade business |
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C701010 |
Printing industry |
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F113050 |
Wholesale of computer and office equipment |
|
IC01010 |
Drug inspection |
|
F203010 |
Retail of food and beverage |
|
F102170 |
Wholesale of food and grocery |
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F102020 |
Wholesale of edible fat and oil |
|
F204110 |
Retail of textile, garment, shoe, hat, umbrella, and accessory |
|
IZ99990 |
Other business services |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
The raw materials for production are purchased from both home and
abroad.
Subject imports technology from USA, etc.
Subject is engaged in sales of dyes and
chemicals, etc.
Subject’s sales regions include Asia, Europe and America, etc.
Subject’s major customers include nylon garment manufacturer, swimwear
manufacturer and underwear manufacturer, etc.
Major products
|
Type |
Product |
|
Dye |
Acid Dyes, Direct Dyes, Reactive Dyes |
|
Chemical |
Anti-Oxidant, Souring Agent, Defoamer, Water Conditioner, Machine
Cleaner, Leveling Agent, Dye Enhancer, Lubricant, Ph Controller, Fixing
Agent, Moisture Management, Anti-Yellowing Agent |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials |
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Dyes and
chemicals |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Dyes and
chemicals |
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’s relevant staff Ms. Bai 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 |
Ms. Bai |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.28 |
|
|
1 |
Rs.84.09 |
|
Euro |
1 |
Rs.72.44 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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.