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Report Date : |
07.01.2013 |
IDENTIFICATION DETAILS
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Name : |
VICOME CORP. |
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Registered Office : |
No 59,Fu-Hsing Road, Tou-Liu City, Yun-lin
Hsien |
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Country : |
Taiwan |
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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 : |
Manufacture and trade of daylight
fluorescent pigments and the related products. |
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No. of Employees : |
About 100 Employees |
RATING & COMMENTS
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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 |
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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 |
|
Moderate |
B1 |
|
High |
B2 |
|
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: |
No 59,Fu-Hsing
Road, Tou-Liu City, Yun-lin Hsien, Taiwan, R.O.C. |
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Supplied Address: |
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|
Telephone Number: |
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Fax Number: |
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E-mail: |
Notes: The
exact name and address are as above.
Subject was incorporated
on
|
Name |
Subscription Amount |
|
Tianfa Chen |
696,241 |
|
Tianci Chen |
|
|
232,289 |
|
|
Dengyuan hong |
364,532 |
|
K Laser Technology Co., Ltd |
2,661,237 |
|
Meisen Chen |
128,493 |
The information above is that of subject’s major shareholders.
Subject introduced that it has the factory in
Qingyuan City, Guangdong, the mainland of China, but he declined to disclose more
details about the factory.
Core Management
Directors
|
1 |
|
|
Name |
Tianfa Chen |
|
Position |
Board of 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 |
Shiding Gao |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 100 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No 59,Fu-Hsing Road, Tou-Liu City, Yun-lin Hsien, Taiwan, R.O.C. |
Production
Information
Subject is a manufacturer of
daylight fluorescent pigments and the related products with the
production activities
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Manufacture and trade of chemical products |
|
2 |
Manufacture and trade of pigment products |
|
3 |
Import and export of the products above. |
|
4 |
General trade |
The components and raw material for production are mostly purchased from
local.
Subject is mainly engaged in manufacturing
and trading of daylight fluorescent
pigments and the related products.
Subject introduced that its Major products sold as following:
|
|
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 |
Subject’s selling territory covers all over the world.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Subject declined to disclose the purchase
settlements information, and from other sources, we couldn’t obtain the
information, either.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Daylight fluorescent pigments and the related products. |
COB, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Daylight fluorescent pigments and the related products. |
L/C , T.T, etc. |
100% |
Notes: Subject’s settlement for export is generally
in USD
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 Mr. Wang 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 |
Mr. Wang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.84 |
|
UK Pound |
1 |
Rs.88.16 |
|
Euro |
1 |
Rs.71.54 |
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.