|
Report Date : |
07.03.2013 |
IDENTIFICATION DETAILS
|
Name : |
CHANG CHUN PETROCHEMICAL CO., LTD. |
|
|
|
|
Registered Office : |
No.301, Songkiang Rd., 7th Fl., Taipei |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
10.07.1964 |
|
|
|
|
Com. Reg. No.: |
11384806 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of chemicals, etc |
|
|
|
|
No. of Employees : |
About 1,400 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
|
Company Name: |
Chang Chun Petrochemical Co., Ltd. |
|
Supplied Name: |
Chang Chun Petrochemical Co. Ltd. |
|
Trading Address: |
No.301, Songkiang Rd., 7th FL., Taipei.
Taiwan R.O.C. |
|
Supplied Address: |
No. 301, Song Kiang Road 7th Floor, Taipei
10477, |
|
Telephone Number: |
+886-2-2500-1800 |
|
Fax Number: |
+886-2-2501-8018 |
Notes: Subject’s exact name and address are as
above.
|
Registered Name: |
CHANG CHUN PETROCHEMICAL CO., LTD. |
|
Registered Address: |
No.301, Songkiang Rd., 7th Fl., Taipei.
Taiwan R.O.C. |
|
Date of Foundation: |
|
|
Registration Number: |
11384806 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs,
R.O.C. |
|
Registered Capital: |
NTD 5,090,293,860
(USD 172,560,962) (As of 2012.12, 1 NTD = 0.0339 USD) |
|
Paid-up Capital: |
NTD 5,090,293,860 (USD 172,560,962) |
|
Legal Representatives: |
Shu Hong Lin |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated
on
Awards
|
Year |
Awards |
|
2009 |
Blue chip importer and exporter |
|
2010 |
Blue chip importer and exporter |
|
2011 |
Blue chip importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
2011 |
22,000,000 |
Events
|
2009 |
Polyvinyl alcohol film started-up at Miao-Li factory of Chang Chun
Petrochemical Co., Ltd. |
|
2008 |
Phenolic Novolac Epoxy at Hsin-chu factory of Chang Chun Plastics Co.,
Ltd. was put on stream. Clear Epoxy Molding Compound was put on stream at Hsin-chu factory
under the license of Panasonic Electric Works Co., Ltd. Japan. Liquid crystalline polymer & Liquid crystalline polymer compound
developed by Hsin-chu Factory were put on stream. Kaohsiung factory of Chang Chun Plastics Co.,Ltd. granted
OHSAS18001：1999 certificate. Expansion of Polyester Plasticizer was completed at Kaohsiung of Chang
Chun Plastics Co., Ltd. Expansion of High Solid Content Methylated Melamine Resin was
completed at Kaohsiung factory of Chang Chun Plastics Co.,Ltd. Established Chang Chun Dairen UK Limited, a joint venture among Chang
Chun Petrochemical Co., Ltd.,Chang Chun Plastics Co., Ltd. and Dairen
Chemical Corporation. |
|
2007 |
Ethylene-Vinyl Alcohol Copolymer started-up with capacity of
20,000MT/Y of Chang Chun Petrochemical Co.,Ltd. at Polyvinyl Alcohol Acetic Ester and PBT Resin started-up at Chang Chun
Chemical (Jiangsu) Co., Ltd. Established Chang Long Chemical(Shenzhen) Co.,Ltd. Suzhou Branch and
Chang Long Chemical (Shenzhen) Co.,Ltd. Qingdao Branch. |
|
2006 |
Ortho Cresol Novalac Resin started-up with capacity of 3,600MT/Y of
Chang Chun Plastics Co.,Ltd. at Low Brominated Resin with capacity of 16,800MT/Y at Ta-Fa Factory was
put on stream. Polyvinyl Butyral Interlayer Film started-up with capacity of
2,000MT/Y of Chang Chun Petrochemical Co.,Ltd. at Miao Li factory. Low Brominated Resin started-up at Chang Chun Chemical (Jiangsu)
Co.,Ltd. The third Plant of Allyl Alcohol at |
|
2005 |
Construction of the 2nd line of Glass Epoxy Copper Clad Laminate was
completed. The total capacity is The Epoxy Resin Plant with capacity of 6,000MT/Y immigrated from
Sumitomo Chemical Co.,Ltd. Japan was completed. 123,000MT/Year of Acetone and 200,000MT/Year of Phenol and 280,000MT/Y
of Cumene were put on stream at Ta-Fa Factory. 135,000MT/Y of Bis-Phonol A was put on stream at Ta-Fa Factory. Liquid Epoxy Resin with capacity of 30,000MT/Y at Ta-Fa factory was
put on stream. Kaohsiung Factory of Chang Chun Plastics Co.,Ltd. passed the
verification of ISO-14001(2004 edition). The Co-generation plant with capacity of 330MT/hr steam and 49,900KW
power of Chang Chun Petrochemical at Ta-Fa was completed. Methylated Melamine Formaldehyde Resin and EL grade Hydrogen Peroxide
started-up at Chang Chun Chemical(Jiangsu) Co.,Ltd. Started construction of Polytetramehtylene-Ehter-Glycol and
1,4-Butanediol at The third Plant of Vinyl Acetate Monomer at |
|
2004 |
Expansion of the D line of PBT compound with capacity of 15,000MT/Y at
Kaohsiung was completed. CCP acquired 80% stake from Sumitomo Chemical to form Chang Chun
Merisol RSA(PTY) Ltd., which produces Ortho Cresol Novolac in Sasolberg, RSA |
|
2003 |
Established Chang Chun Chemical (ZhangZhou) Co., Ltd. at Zhangzhou,
Fujian, China. Dairen Chemical's AAL Plant increased capacity (70% AAL) to 100,000
MTY at Kaohsiung factory. Dairen Chemical's VAM Plant at Mai-Liao factory increased to 300,000
MT in 2003 and become the world's largest VAM Plant with single reactor. Established Dairen Chemical (Jiangsu) Co., Ltd. at Yizheng, Jiangsu,
China. |
|
2002 |
Formaldehyde、Para Formaldehyde and Phenolic Formaldehyde Resin
at Mai-Liao Factory of Chang Chun Plastics were completed. Glass Fiber at Ta-Fa Factory of Chang Chun Plastics was completed. The third set of Co-generation Plant at Miao-Li Factory of Chang Chun
Petrochemical was completed. |
|
2001 |
Taiwan Engineering Plastics Co.,Ltd. changed its name as Polyplastics
Taiwan Co.,Ltd.. Chang Chun Petrochemical start production of Nicotinic Acid (Niacin)
and Basic Chromium Sulfate (BCS) at Miao-Li. Tetra-methyl Ammonium Hydroxide (TMAH) at Miao-Li Factory of Chang
Chun Petrochemical was completed. Expansion of the 6th Plant of Copper Foil at Miao-Li Factory was
completed. Expansion of the 2nd Line of Dry Film Photo Resist Plant at Hsin-Chu
was completed. The total capacity will be Ta-Fa Factory of Chang Chun Plastics Co.,Ltd. passed the verification
of ISO-9001：2000 which was audited by BSMI, R. O. C.. Dairen Chemical started production of Vinyl Acetate Monomer Plant with
capacity 240,000MT/Y at Mai-Liao Factory and BDO No.2 Plant with capacity
70,000MT/Y at Ta-Fa Factory. |
|
2000 |
Triphenyl Phosphate Flame Retardant Plant at Hsin-Chu Factory was
completed. Expansion of the 3rd line of Epoxy Resin Molding Compound was
completed. Expansion of Glass Epoxy Copper Clad Laminate Plant was started. The
capacity will be Expansion of PBT Compound was completed. Expansion of the 5th Plant of Copper Foil at Miao-Li Factory was
completed. Rogers Chang Chun Technology Co.,Ltd., a joint venture by Chang Chun
Plastics Co.,Ltd. and Rogers Corporation of USA was established for
production of Flexible Copper Clad Laminate. Dairen Chemical completed the construction of Polytetramethylene-
Ether-Glycol (PTMEG) Plant at Ta-Fa and started-up with capacity 10,000MTY. Dairen Chemical’s Ta-Fa Factory Granted BDO、MPO ISO-9002
Certificate. Dairen Chemical’s VAE Redispersible Powder No.2 Plant started-up with
capacity 9,000MTY. Dairen Chemical (M) Sdn. Bhd. EVA Emulsion Plant started-up with
capacity 30,000MTY. |
|
1999 |
Hsin-Chu Factory of Chang Chun Plastics Co.,Ltd. passed the
verification of ISO-14001 which was audited by BCIQ R. O. C.. Established Guangdong Shen Xing Chemical Ltd. Co. in Mainland China, a
joint venture by Singapore CCPS Pte Ltd., Shanghai Pacific Chemical (Group)
Co.,Ltd., Hua-Hsin Engineering & Investment Pte Ltd. of Singapore and
Xiang Koang Pte Ltd. of Sinapore. Melamine Plant & Pyridine Plant & Picoline Plant at Miao-Li
were completed and production commenced. Expansion of The forth plant of Copper Foil at Miao-Li was completed. TOK Taiwan Co.,Ltd., a joint venture by Chang Chun Petrochemical
Co.Ltd. and Tokyo Ohka Co.,Ltd. of Japan was established for production of
electronic grade thinner and stripper. Chang Chun Plastics' Hsin-Chu Factory completed its Liquid Photo Reisit for Circuit Board was developed and producted in
Hsin-Chu Factory. Dairen Chemical’s VAM Plant switched to produce Allyl Alcohol with
capacity 89,000MTY. |
|
1998 |
Dry Film Photo Resist Plant at Hsin-Chu was completed and production
commenced. Epoxy Flame Retardant was successfully developed and produced in
Hsin-Chu Factory. Ta-Fa Factory of Chang Chun Plastics Co.,Ltd. passed the Verification
of ISO-14001 which was audited by BCIQ, R. O. C.. The continuous process of PBT Resin at Kaohsiung Factory was
completed. Miao-Li factory of Chang Chun Petrochemical Co., Ltd. passed the
Verification of ISO-14001 which was audited by BCIQ, R. O. C.. Developer Plant in Miao-Li was completed and production commenced. Dairen Chemical developed the process for manufacture of
1,4-Butanediol and completed the construction of 1,4-Butanediol Plant at
Ta-Fa and commenced its production. Sumitomo Bakelite (Taiwan) Company Limited, a joint venture between
Chang Chun Plastics Co.,Ltd. and Sumitomo Bakelite Co.,Ltd. of Japan, for the
production of Epoxy Molding Compound for encapsulation of memory IC was
established. Dairen Chemical(M) Sdn. Bhd. established in Malaysia. |
|
1997 |
The sixth and seventh lines of Epoxy Resin Plant at Hsin-Chun were
completed. The second plant of High Purity Hydrogen Peroxide for Semi-conductor
Plant at Miao-Li was completed and production commenced. The Plant of PET Resin for bottles at Kaohsiung was completed. Expansion of the third plant of Butyl Acetate at Miao-Li was completed
and production commenced. Dairen Chemical’s Kaohsiung Factory Granted VAM、EVA ISO-14001
Certificate. |
|
1996 |
Kaohsiung Factory of Chang Chun Plastics Co.,Ltd. passed the
Verification of ISO-14001 which was audited by BCIQ, R.O.C.. Ta-Fa Factory of Chang Chun Plastics Co.,Ltd. passed the Verification
of ISO-9002 which was audited by BCIQ, R. O. C.. Expansion of the 2nd line of PBT at Kaohsiung Factory was completed. Epoxidized Linseed Oil Plant in Miao-Li was completed and production
commenced. Ta-Fa Factory of Chang Chun Plastics Co.,Ltd. was recognized by EPA as
having excellent measures in pollution prevention. Dairen Chemical’s EVA Emulsion No.7 unit and No.8 unit started-up with
capacity 26,000MTY at Kaohsiung Factory. |
|
1995 |
The fifth Plant of Copper Clad Laminates at Hsin-Chu was completed. Expansion of the second line of Epoxy Resin Moulding Powder at
Hsin-Chu was completed. Automation and automatic warehouse of Phenolic Resin Moulding Compound
were completed. Plants of co-generation at Hsin-Chuand Ta-Fa Factory were completed. Expansion of the third plant of Copper Foil at Miao-Li was completed. Epoxy Resin Plant at Kaohsiung Factory was completed. |
|
1994 |
Chang Chun Petrochemical's Antioxidant & High Purity Hydrogen
Peroxide for Semi-conduxtor Plant were completed and production commenced. Chang chun Plastic's Insulation Paper Plant at Ta-Fa was completed and
production commenced. Kaoshiung factory and Hsin-Chu factory of Chang Chun Plastics Co.,
Ltd. and Miao-Li factory of Chang Chun Petrochemical Co., Ltd. passed the
Verification of ISO-9002 which were audited by Bureau of Commercial
Inspection & Quarantine Ministry of Economic Affairs. Plants of PT. Chang Chun DPN Chemical Industry, Indonesia, was
completed and put on stream. Dairen Chemical’s VAE Redipersible Powder Plant started-up with
capacity 1,000Mty at Kaohsiung Factory. |
|
1993 |
Chang Chun Petrochemical began to build its Antioxidant Plant at
Miao-Li. Expansion of Copper Foil Plant at Miao-Li was completed. Flue gas desulfurization system and trubine machine were completed and
commenced operation at the co-generation plant at Miao-Li. Sales of power to
Taiwan Power Company started. Chang Chun Petrochemical began to build Waste Water Treatment Plant in
Miao-Li with United Chemical Laboratory's UASB process. The third Copper Clad Laminates Plant at Hsin-Chu was completed in
June. Polyester Plasticizer Plant at Kaohsiung was completed. Construction of Molding Compound and Paper Strength Resin Plants of
PT. Chang Chun DPN Chemical Industry, Indonesia, was begun. Expansion of α-Cyanoacrylate Adhesive by 360MTY at Ta-Fa factory
of Chang Chun Plastics was completed, construction of Insulation Paper Plant
was begun. Dairen Chemical’s Kaohsiung Factory Granted VAM and EVA ISO-9002
Certificate. |
|
1992 |
The third plant of Hydrogen Peroxide at Miao-Li was completed and
commenced production. Expansion of both Epoxidized Soyabean Oil plant and Polyvinyl Acetate
Emulsion plant were completed. Epoxy Resin Molding powder plant at Hsin-Chu increased production. Kaohsiung factory began to produce Synthetic Powder Coating Resin. |
|
1991 |
Acrylic Emulsion plant expansion at Miao-Li was completed. Construction of the new manufacturing process pilot plant for Urea
Molding Cornpound at Kaohsiung began. POM plant of TEPCO at Ta-Fa was completed and production commenced. |
|
1990 |
The sixth line of PVA at the Miao-Li factory was completed. The second plany of co-generation was completed. The capacity was
24,000KWh of Electricity and 210 MT/hr of Steam. The second plant of Copper Clad Laminates at Hsin-Chu was completed in
March. Established TRIPLEX CHEMICAL CORPORATION, a joint venture by chang
Chun Petrochemical and Yee Fong Chemical & Ind Co. Ltd., for the
production of 12,000 MTY EPICHLOROHYDRIN (ECH) under the licenses of SHOWA
DENKO K.K.,JAPAN. Dairen Chemical's EVA Emulsion No.5 unit and No.6 unit started-up with
capacity 26,000MTY at Kaohsiung Factory. |
|
1989 |
The technology for PVC Stabilizer manufactured at Chang Chun Plastics
Kaoshiung factory was licensed from ADEKA ARGUS CHEMICAL CO.,LTD. Japan. Chang Chun Plastics Kaohsiung factory began to produce Reactive
Diluents for Epoxy Resin. Established Chang Chiang Chemical Co., Ltd., a joint venture between
Chang, Chun Plastics and ASAHl DENKA KOGYO CO., LTD. (ADEKA ARGUS) Hsin-Chu factory of Tai Hong Circuit Ind. Co. was completed and began
to produce Multilayer Printed Circuit Boards. |
|
1988 |
Copper Foil plant at Chang Chun Petrochemical' Miao-Li factory was
completed and production commenced. Developed the manufacturing process for Trimethylol Propane (TMP).
Later, commercial plant was completed and production commenced. The second plant of Epoxidized Soyabean Oil at Miao-Li was completed. Established Tsu-Kong Co., TION, a joint venture between Chang Chun
Plastics and Sumitomo Bakelite Co., Ltd. of Japan. The fourth line of Epoxy Resin Plant at Hsin-Chu was completed. Epoxy Resin Molding Encapsulant plant at Hsin-Chu was completed. PBT plant at Kaohsiung was completed and production commenced. Chang Chun Plastics Kaohsiung factory began to produce Flocculants
(Emulsion type). Established Taiwan Engineering Plastics Co., Ltd., a joint venture by
Chang Chun Group, Hoechst AG. of Germinay, Hoechst Celanese Corp. of USA,
Polyplastics Co., Ltd. of Japan and Hoechst Taiwan, for the production of
20,000 MTY POM (Poly Acetal). Dairen Chemical’s EVA Emulsion No.4 unit started-up with capacity
6,600MTY at Kaohsiung Factory. |
|
1987 |
The technology for manufacturing Polyester Plasticizer at Chang Chun
Plastics' Kaohsiung factory was licensed from ADEKA ARGUS CHEMICAL CO., LTD.
Japan. Chang Chun Petrochemical began to design and build the Copper Foil
Plant. The third auto production line of Single Sided Printed Circuit Board
was completed by Tai Hong Circuit Ind. Co.. Epoxy Resin, and Phenolic Resin Plant at Hsin-Chu were completed further
expanded. The Premix Plant at Kaohsiung was completed. The PBT plant and Epoxy Resin Molding Encapsulant Plant are under
construction. Dairen Chemical’s EVA Emulsion No.3 unit started-up with capacity
6,600MTY at Kaohsiung Factory. |
|
1986 |
Chang Chun Plastics' Hsin-Chu Factory completed its l 80,000 SQMM
Phenolic Copper-Clad Laminates (PLC) Plant construction. Dairen Chemical’s EVA Emulsion No.1 unit and No.2 unit started-up with
capacity 2,700MTY each at Kaohsiung Factory. |
|
1985 |
Dairen Chemical's EVA plant was completed abd began production of EVA.
A co-generation plant and the Acrylamide Plant were completed at
Miao-Li and Kaohsiung. |
|
Subscription Shares |
|
|
Shu Hong Lin |
22,843,574 |
|
Long Xing Liao |
29,521,617 |
|
Xin Yi Zheng |
79,020,293 |
|
Xian Jin Chen |
8,687,455 |
|
Bo Kai Liao |
3,852,573 |
|
Xian Dong Lin |
27,697,902 |
|
Zheng Zheng |
25,023,462 |
|
Xian Zhang Chen |
250,193 |
|
Qing Ying Lin |
19,739,343 |
|
Jie Wang |
3,852,573 |
The information above is that of subject’s major shareholders.
Factories
|
1 |
|
|
MiaoLi Factory |
|
|
Address |
246, Fu Hsing,
Fu An Li, Miao-Li 360, Taiwan |
|
2 |
|
|
Name |
MaiLiao Factory |
|
Address |
No.26 Formosa Industrial Complex, Mailiao, Yunlin 638, Taiwan |
|
Date of Registration |
|
|
Registration Number: |
70760215 |
|
Manager Name: |
Shu Hong Lin |
|
3 |
|
|
Name |
DaFa Factory |
|
Address |
11 Chien-Yeh Road, DaFa Industry Park, Kaohsiung 831, Taiwan |
Core Management
Directors
|
1 |
|
|
Name |
Shu Hong Lin |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Long Xing Liao |
|
Position |
|
|
3 |
|
|
Name |
Xin Yi Zheng |
|
Position |
|
|
4 |
|
|
Name |
Xian Jin Chen |
|
Position |
|
|
5 |
|
|
Name |
Bo Kai Liao |
|
Position |
Director |
|
6 |
|
|
Name |
Xian Dong Lin |
|
Position |
Director |
|
7 |
|
|
Name |
Zheng Zheng |
|
Position |
Director |
|
8 |
|
|
Name |
Xian Zhang Chen |
|
Position |
Director |
|
9 |
|
|
Name |
Qing Ying Lin |
|
Position |
Director |
|
10 |
|
|
Name |
Jie Wang |
|
Position |
|
|
11 |
|
|
Name |
Shi Guang Su |
|
Position |
Auditor |
Personnel
Structure
|
Total Employees |
About 1,400 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
Production Information
Subject has three factories in Taiwan to deal with production of
chemicals including polyvinyl alcohol, glacial acetic acid, butyl acetate,
formalin, hexamine, hydrogen peroxide, ultra-purity electronic grade hydrogen
peroxide, epoxidized soya bean oil, copper foil, antioxidants and melamine,
etc.
Purchase
Information
The registered activities of subject:
|
C801010 |
Basic chemical manufacturing industry |
|
C801030 |
Precision chemical material manufacturing industry |
|
C802060 |
Animal drug manufacturing industry |
|
C802120 |
Additive manufacturing industry |
|
C801020 |
Petrochemical raw materials manufacturing industry |
|
C801040 |
Synthetic resin manufacturing industry |
|
C801050 |
Plastic raw material manufacturing industry |
|
CB01030 |
Pollution controlling equipment manufacturing industry |
|
CC01010 |
Power generation, transmission and distribution machinery
manufacturing industry |
|
CC01020 |
Electric wires and cables manufacturing industry |
|
CC01050 |
Data storage and processing equipment manufacturing industry |
|
CC01080 |
Electronic parts and components manufacturing industry |
|
E599010 |
Piping engineering industry |
|
I601010 |
Leasing industry |
|
J101040 |
Waste treatment and disposal industry |
|
A101020 |
Crops growing industry |
|
C201010 |
Feed manufacturing industry |
|
C401010 |
Leather finishing industry |
|
C601010 |
Pulp manufacturing industry |
|
C601020 |
Paper manufacturing industry |
|
C601030 |
Paper container manufacturing industry |
|
C801060 |
Synthetic rubber manufacturing industry |
|
C801070 |
High pressure gas industry |
|
C802010 |
Fertilizers manufacturing industry |
|
C802020 |
Man-made fibers manufacturing industry |
|
C802030 |
Coatings and paint industry |
|
C802090 |
Cleaning preparations manufacturing industry |
|
C901020 |
Glass and glass products manufacturing industry |
|
CA01110 |
Copper industry |
|
CA03010 |
Metal heat treating industry |
|
CA04010 |
Metal surface treating industry |
|
CB01010 |
Machinery and equipment manufacturing industry |
|
CC01060 |
Wired communications equipment and apparatus manufacturing industry |
|
ZZ99999 |
Besides licensed business, all other business items that are not
banned or restricted. |
Subject purchases raw materials from Taiwan.
Subject is engaged in sales of chemicals
including polyvinyl alcohol, glacial acetic acid, butyl acetate, formalin,
hexamine, hydrogen peroxide, ultra-purity electronic grade hydrogen peroxide,
epoxidized soya bean oil, copper foil, antioxidants and melamine, etc.
Subject’s products are applied to chemical, textile, coating, resin,
semi-conductor, pharmaceutical, electronic, paper, and plastic industries.
Subject sells products both at home and abroad and its business spreads
over the world.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw Materials |
COD, Credit Sales, etc |
100% |
Foreign Purchase
Subject has little domestic purchase.
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Chemicals, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Chemicals, 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.
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.54.71 |
|
UK Pound |
1 |
Rs.82.79 |
|
Euro |
1 |
Rs.71.43 |
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.