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Report Date : |
20.03.2013 |
IDENTIFICATION DETAILS
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Name : |
WORLDWIDE RESIN & CHEMICALS CO., LTD. |
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Formerly Known As : |
World Wide Resin & Chemicals Co., Ltd. |
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Registered Office : |
1F & 5F., No.30, Chung Cheng 2nd Rd.,
Lingya District, Kaohsiung City 80271 |
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Country : |
Taiwan |
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Date of Incorporation : |
16.08.1989 |
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Com. Reg. No.: |
23339709 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of chemical materials, chemical products and etc. |
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No. of Employees : |
About 30 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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 |
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Moderate |
B1 |
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High |
B2 |
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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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|
Former Name: |
World Wide Resin & Chemicals Co., Ltd. |
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Supplied Name: |
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Trading Address: |
1F & 5F.,
No.30, Chung Cheng 2nd Rd., Lingya District, Kaohsiung City 80271, Taiwan
(R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-7-223-9188 |
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Fax Number: |
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Notes: The exact name and address are as above.
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Registered Name: |
Worldwide Resin & Chemicals Co., Ltd. |
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Registered Address: |
1F & 5F., No.30, Chung Cheng 2nd Rd.,
Lingya District, Kaohsiung City 80271, Taiwan (R.O.C.) |
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Date of Foundation: |
1989-8-16 |
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Registration Number: |
23339709 |
|
Registry: |
Economic Development Bureau Kaohsiung City
Government |
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Registered Capital: |
NTD 120,000,000 (USD 4,044,000) (As of 2013.02, 1 NTD = 0.0337 USD) |
|
Paid-up Capital: |
NTD 120,000,000 (USD 4,044,000) |
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Legal Representatives: |
Chenxing Deng |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Subject was incorporated
on 1989-8-6 with registered number 23339709
as Joint Stock Company in
Taiwan.
|
Former Name |
World Wide Resin & Chemicals Co., Ltd. |
|
Current Name |
Worldwide Resin & Chemicals Co., Ltd. |
Awards
|
Year |
Awards |
|
2011 |
Blue chip importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2010 |
22,000,000 |
|
Name |
Subscription
Shares |
|
Chenxing Deng |
1,427,800 |
|
Chenzhong Deng |
|
|
657,600 |
|
|
Chenming Deng |
874,000 |
|
Chenyi Deng |
355,300 |
The information above is that of subject’s major shareholders.
Related Companies
|
1 |
|
|
Name |
Worldwide Resins & Chemicals (HK) Ltd |
|
Address |
Room A-D,26F, Seabright Plaza, 9-23, Shell Street, North Point, Hung
Kong |
|
Telephone Number |
+852-2897-6411 |
|
Fax Number |
+852-2896-6345 |
|
E-mail |
|
|
2 |
|
|
Name |
Brighten Polytrading Co., Ltd. |
|
Address |
176/53-56 Nanglinchee Rd, Yannawa, Bangkok 10120, Thailand |
|
Telephone Number |
+66-2-285-4573 |
|
Fax Number |
+66-2-285-4938 |
|
3 |
|
|
Name |
Worldwide Resins & Chemicals Sdn Bhd |
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Address |
No.8, Jalan Sejahtera 25/124, Axis Premier Industrial Park 25,40400,
Shah Alam, Selangor, Malaysia |
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Telephone Number |
+603-5122-4899 |
|
Fax Number |
+603-5122-4849 |
|
4 |
|
|
Name |
Worldwide Resins & Chemicals Pte Ltd |
|
Address |
5, pioneer sector 2, Singapore 628367 |
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Telephone Number |
+65-6863-3788 |
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Fax Number |
+65-6863-4288 |
|
5 |
|
|
Name |
PT Worldwide Resins & Chemicals |
|
Address |
Taman Tekno BSD Sector XI Blok B No. 3A, BSD City, Tangerang 15310,
Indonesia |
|
Telephone Number |
+62-21-7587-4544 |
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Fax Number |
+62-21-7587-4546 |
|
6 |
|
|
Name |
Worldwide Resins & Chemicals Korea Co., Ltd |
|
Address |
No.311 Misung OT 1th 253 Cholsandong, Gwangmyungsi, Korea |
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Telephone Number |
+82-2-2611-3050 |
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Fax Number |
+82-2-2611-3252 |
Offices
|
1 |
|
|
Name |
Taoyuan Office |
|
Address |
No 10, Ji Li 11th Street 16, Webhua Li, Zhong Li City,
Taoyuan County, Taiwan (R.O.C ) |
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Telephone Number |
+886-3-452-3910 |
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Fax Number |
+886-3-433-5439 |
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2 |
|
|
Name |
Guangdong Office |
|
Address |
2/F, The 25th building of Taohua Yuan, Baihua Garden, Xijiang Bei
Road, Zhaoqing City, Guangdong
China 526020 |
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Telephone Number |
+86-758-255-2038 |
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Fax Number |
+86-758-255-8732 |
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E-mail |
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3 |
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Name |
Shanghai Office |
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Address |
Room A, 7th Floor, Huamin Empire Plaza, 726 Yan An Road West, Shanghai
200050, China |
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Telephone Number |
+86-21-6695-1155 |
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Fax Number |
+86-21-3258-1153 |
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4 |
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Name |
Tianjin Office |
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Address |
6-2-801 Ronghe Plaza, 168 Xisi Road, Airport Logistics Processing
Zone, Tianjin 300300, China |
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Telephone Number |
+86-22-2659-1000 |
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Fax Number |
+86-22-2312-0130 |
Core
Management
|
1 |
|
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Name |
Chenxing Deng |
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Position |
Board Chairman |
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2 |
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Name |
Chenzhong Deng |
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Position |
Director |
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3 |
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Name |
Chenming Deng |
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Position |
Director |
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4 |
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Name |
Chenyi Deng |
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Position |
Supervisor |
Offices
& Factories
|
|
Headquarters |
|
Add |
1F & 5F., No.30, Chung Cheng 2nd Rd.,
Lingya District, Kaohsiung City 80271, Taiwan (R.O.C.) |
Production
Information
l
Subject is a trader of chemical materials, chemical products and etc without any
production activities.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International trade. |
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C801010 |
Basic chemical industry. |
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C801030 |
Manufacturing of sophisticated chemical
materials. |
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C801060 |
Manufacturing of butye rubber. |
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C802090 |
Manufacturing of cleaning supplies. |
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C802120 |
Manufacturing of industrial additives. |
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G405010 |
Leasing container |
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G801010 |
Storage |
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H701020 |
Hiri Purchases and development of
industrial factory building. |
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H703090 |
Trading of real estate property. |
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H703100 |
Leasing industry of real estate property. |
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F107010 |
Wholesales of paint vehicle and coating. |
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F107020 |
Wholesales of dye and paints. |
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F107030 |
Wholesales of cleaning supplies. |
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F107050 |
Wholesales of fertilizers. |
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F107060 |
Wholesales of toxic chemical substances. |
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F107070 |
Wholesales of Animal medicine. |
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F107080 |
Wholesales of environmental medicine. |
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F107170 |
Wholesales of industrial additives. |
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F107200 |
Wholesales of chemical materials. |
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F107990 |
Wholesales other chemical products. |
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F113010 |
Wholesales of machinery. |
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F113050 |
Wholesales of computers and businesslike
machinery and equipment. |
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F114030 |
Wholesales of components of auto cars and
auto bikes. |
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F121010 |
Wholesales of food additives. |
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F108040 |
Wholesales of cosmetics. |
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ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
It is introduced that subject purchases products
from Asia, America, Europe and etc.
l The subject is
engaged in sales of chemical materials, chemical products and etc
l
It is introduced that subject’s sales region is in
domestic market.
l
It is introduced that subject has a storehouse in
Jiayi County, Taiwan.
l
It is introduced that subject is an agent of many
brands, such as “Mitsubishi Rayon“, “Sekisui”, “Arkema” and etc.
Major products
|
1 |
Polymer |
|
2 |
Plastic |
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3 |
Rubber |
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4 |
Coating and ink |
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5 |
Construction |
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6 |
Cosmetics |
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7 |
Pharmaceutics |
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8 |
Leather and artificial leather treatment |
|
9 |
Adhesives (Hot melt) |
|
10 |
Lubricant and metal working |
|
11 |
Textiles |
|
12 |
Compounds |
|
13 |
Electronics |
|
14 |
Other chemicals |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
The subject has little
purchase in domestic market.
Foreign Purchase
|
Payment
Terms |
Proportion |
|
|
Chemical
materials, chemical products and etc |
CBD
and etc. |
100% |
Sales
Domestic Markets
|
Sales
Terms |
Proportion |
|
|
Chemical
materials, chemical products and etc |
COD,
CBD and etc. |
1005 |
Export
The subject has little import.
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. Luo 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. Luo |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.26 |
|
UK Pound |
1 |
Rs.81.94 |
|
Euro |
1 |
Rs.70.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.