|
Report Date : |
03.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
SAN FU CHEMICAL CO., LTD. |
|
|
|
|
Registered Office : |
5F., No.21, Chung Shan N. Rd., Sec.2, Jhongshan Dist., Taipei 104 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
17.03.2003 |
|
|
|
|
Com. Reg. No.: |
80170651 |
|
|
|
|
Legal Form : |
Join Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of chemicals |
|
|
|
|
No. of Employees : |
300 |
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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. Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are other major long-term challenges. Free trade agreements have proliferated in East Asia over the past several years, and following the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010, Taiwan in July 2013 signed a free trade deal with New Zealand—Taipei’s first-ever with a country with which it does not maintain diplomatic relations—and in November inked a trade pact with Singapore. Negotiations continue on follow-on components of ECFA regarding trade in goods and a dispute resolution mechanism; a trade in services agreement is under review in the legislature. 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 overall trade surplus largely because of its surplus with China, and its foreign reserves are the world's sixth largest, behind China, Japan, Saudi Arabia, Russia, and Switzerland. 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. Taiwan since 2009 has gradually loosened rules governing Chinese investment on the island, and has also secured greater market access for its investors in the mainland. 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: |
SAN FU CHEMICAL
CO., LTD. |
|
Supplied Name: |
SANFU CHEMCIAL CO.
LTD |
|
Trading Address: |
7F., No.21, Chung Shan N. Rd., Sec.2, Jhongshan Dist., Taipei 104, Taiwan, R.O.C. |
|
Supplied Address: |
7TH FLOOR,21 CHUNG-SHAN N.ROAD SEC 2 TAIPEI 10419 |
|
Telephone Number: |
+886-2-2542-6789 |
|
Fax Number: |
+886-2-2581-8686 |
Notes: The exact
name and address are as above.
|
Registered Name: |
SAN FU CHEMICAL
CO., LTD. |
|
Registered Address: |
5F., No.21, Chung Shan N. Rd., Sec.2, Jhongshan Dist., Taipei 104, Taiwan, R.O.C. |
|
Date of Foundation: |
2003-3-17 |
|
Registration Number: |
80170651 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 1,200,000,000 (USD 40,200,000) (As of 2014.1, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 880,000,000 (USD 29,480,000) |
|
Legal Representatives: |
Xinhong Wu |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 2003-3-17 with registered number 80170651 as Join Stock Company in Taiwan.
Subject listed on Taiwan stock exchange on 2013-11-27.
|
Name |
Subscription Shares |
|
Xinhong Wu |
3,421,75 |
| Snafu Global Co Ltd (Liberal Translation) |
22,116,689 |
|
Tianbao Su |
50,000 |
|
Yizong |
255,341 |
|
Yaoming Wang |
300,000 |
|
Pilot Keymark SDN. BHD |
19,929,000 |
The information above is that of subject’s major shareholders.
Shareholder
Information:
|
Registered Name: |
Snafu Global Co Ltd (Liberal Translation) |
|
Registered Address: |
7F., No.21, Chung Shan N. Rd., Sec.2, Jhongshan Dist., Taipei 104, Taiwan, R.O.C. |
|
Date of Foundation: |
2004-3-29 |
|
Registration Number: |
27234298 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 1,390,683,460 (USD 46,587,895.91) (As of 2014.1, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 1,390,683,460 (USD 46,587,895.91) |
|
Legal Representatives: |
Chunming Zhang |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-5-10 |
Major Related
Companies
|
San Fu Gas Co., Ltd. International Nitto Technology Company Zhong Hua Fang Da (H.K.) Ltd Rm. 1704, 17/F, Greenfield trower, Concordia plaza 1 Science Museum Road TST, Kowloon, Hong Kong Tel: +852-2609-1138 Fax: +852-2609-0731 Hangzhou Greenda Chemical Co., Ltd. Room 1501, Longhe International Building, 1961 Jianghui Rd , Binjiang Dist, Hangzhou, 310051, China Tel: +86-571-87774477 Fax: +86-571-87774347 San Fu Ming Co., Ltd. |
Factories
|
|
|
|
Name: |
Kaohsiung Plant |
|
Address: |
No.45, Zhongheng St., Xiaogang Dist., Kaohsiung City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1989-8-14 |
|
Date of Registration: |
1990-6-20 |
|
Factory Registration Number: |
64004603 |
|
Factory Manager: |
Tianbao Su |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2011-9-8 |
|
Major Products: |
199 Other chemical products |
|
2 |
|
|
Name: |
Shanhua Plant |
|
Address: |
No.340, Xiao Xin Ying, Shanhua Dist., Tainan City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1970-11-1 |
|
Date of Registration: |
1970-11-1 |
|
Factory Registration Number: |
99657738 |
|
Factory Manager: |
Xinhong Wu |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2011-5-26 |
|
Major Products: |
181 Basic chemical materials 231 Glass and its related products |
Offices
|
Taichung Office 9, Kung-Yeh 3rd Rd., Industrial Zone, Taichung, Taiwan 407 886 4 23591299 886 4 23500143 Shan-Hua Offic 340, Hsiao-Hsin Li, Shan-Hua, Taiwan 741 886 6 5837608 886 6 5839498 Kaohsiung Office 45 , Chung-Heng St., Hsiao Kang Dist, Kaohsiung, Taiwan 812 886 7 8713471 886 7 8714233 Shanghai Office No.999,Zhoushanxilu, Huawenguoji Office Tower Unit 302,Shanghai,P.R.China 86-21-3250-3558 86-21-5238-9711 Xinshi Office No.155, Da Ying Vallage, Xinshi District , Tainan City, Taiwan (R.O.C.) 886 6-589-7690 886 6-589-7691 Zhubei Office 3F., No.92-1, Xianzheng 1st St., Zhubei City , Taiwan (R.O.C.) 886 3-558-3878 886 3-558-6150 |
Core Management
Directors
|
1 |
|
|
Name |
Xinhong Wu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Chunming Zhang |
|
Position |
Director |
|
3 |
|
|
Name |
Tianbao Su |
|
Position |
Director |
|
4 |
|
|
Name |
Yizong Zhang |
|
Position |
Director |
|
5 |
|
|
Name |
Yaoming Wang |
|
Position |
Director |
|
6 |
|
|
Name |
Guoyuan Liang |
|
Position |
Director |
|
7 |
|
|
Name |
Zhongxi Li |
|
Position |
Independent Director |
|
8 |
|
|
Name |
Yuwei Huang |
|
Position |
Independent Director |
|
9 |
|
|
Name |
Dongming Wu |
|
Position |
Independent Director |
|
10 |
|
|
Name |
Susheng Zhong |
|
Position |
Supervisor |
|
11 |
|
|
Name |
Shengfu You |
|
Position |
Supervisor |
|
12 |
|
|
Name |
Mingfu Huang |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 300 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
7F., No.21, Chung Shan N. Rd., Sec.2, Jhongshan Dist., Taipei 104, Taiwan, R.O.C. |
Production Information
Subject is a manufacturer of chemicals and etc.
It is introduced that subject has two factories in Taiwan for production.
It is introduced that subject has obtained ISO 9001, ISO 22000 and HACCP certifications.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International trading business |
|
F207100 |
Retails of basic chemical materials |
|
C801010 |
Basic chemical manufacturing industry. |
|
F107100 |
Wholesales of basic chemical materials |
|
F107110 |
Wholesales of petrochemical materials. |
|
C801020 |
Manufacturing of petrochemical materials. |
|
F207110 |
Retails of petrochemical materials. |
|
F107060 |
Wholesales of toxic chemicals |
|
F107990 |
Wholesales of other chemical products (Aniline) |
|
C801070 |
Manufacturing of high pressure gas. |
|
C802150 |
Manufacturing of dyes and pigment. |
|
F107020 |
Wholesales of dyes and pigment. |
|
F207020 |
Retails of dyes and pigment. |
|
C802100 |
Manufacturing of cosmetics. |
|
F108040 |
Wholesales of cosmetics. |
|
C109010 |
Manufacturing of condiment. |
|
F102130 |
Wholesales of condiment. |
|
Manufacturing of synthetic resin. |
|
|
F107130 |
Wholesales of synthetic resin. |
|
F207130 |
Retails of synthetic resin. |
|
C901020 |
Manufacturing of glass and glassware. |
|
CA04010 |
Surface treatment. |
|
C199990 |
Manufacturing of other unclassified food. |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
Subject purchases raw materials and etc both at home and abroad.
It is introduced that subject imports some technologies and etc from USA.
The subject is mainly engaged in sales of chemicals and etc.
It is introduced that subject’s selling territory includes Asia, Europe, America and etc.
It is introduced that subject’s major customers are manufacturers of electronics, food, medicines and etc.
It is introduced that subject has cooperative relationship with the company named “Air Products & Chemicals Inc.” in United States.
Major Products
|
Product |
Application |
|
PHBA |
Raw Materials for Liquid Crystal Polymer (LCP) |
|
Praraben, Sorbitol |
Sanitary Ware & Cosmetics |
|
CHA, DCHA |
Special Chemicals for Sodium Cyclamate |
|
Acid, Base, Solvent, Polishing solution and Glass Slimming |
Wet Chemicals for electronic factories |
|
Developer, Etchant, Stripper, Thinner, Cleaning Solution |
Wet Chemicals |
|
CDS (Chemical Delivery System)、SDS (Sludge Delivery System) |
Equipment for Chemical Dilution, Blending, Transportation or Recycling |
|
Glass Slimming System |
Etching, Polishing and Slimming Glass |
|
SRS ( Solvent Recovery System )，DWRS ( Duro-flow Water Recycle System), etc |
Equipment to Recycling Resource at Electronic Factory |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials and etc |
COD, CBD and etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials and etc |
CBD and etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Chemicals and etc |
COD, CBD and etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Chemicals and etc |
CBD and etc |
100% |
Unit: NTD/000
|
Date |
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
54,414.00 |
184,315.00 |
|
Notes receivable - net |
82,851.00 |
89,178.00 |
|
Accounts receivable - net |
781,903.00 |
774,103.00 |
|
Accounts receivable - related parties - net |
14,774.00 |
57,807.00 |
|
Other receivables |
0.00 |
0.00 |
|
Inventories |
515,919.00 |
548,005.00 |
|
Construction in process (for construction contracting business) |
2,895.00 |
10,639.00 |
|
Other prepayments |
51,269.00 |
55,696.00 |
|
Other current assets |
38,901.00 |
38,466.00 |
|
Current assets |
1,542,926.00 |
1,758,209.00 |
|
Funds and Investments |
|
|
|
Financial assets carried at cost - non current |
32,084.00 |
29,884.00 |
|
Equity investments under equity method |
491,487.00 |
408,259.00 |
|
Investments |
491,487.00 |
408,259.00 |
|
Funds and long-term investments |
523,571.00 |
438,143.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
40,349.00 |
40,349.00 |
|
Buildings and structures |
356,779.00 |
347,123.00 |
|
Machinery and equipment |
1,286,713.00 |
1,232,737.00 |
|
Transportation equipment |
195,578.00 |
166,831.00 |
|
Other facilities |
148,813.00 |
148,759.00 |
|
Fixed assets cost |
2,028,232.00 |
1,935,799.00 |
|
Accumulated depreciation |
-1,216,682.00 |
-1,061,372.00 |
|
Accumulated impairment - fixed assets |
-4,408.00 |
0.00 |
|
Construction in process and prepayment for equipments |
87,780.00 |
56,351.00 |
|
Fixed assets |
894,922.00 |
930,778.00 |
|
Intangible Assets |
|
|
|
Patents |
1,787.00 |
1,773.00 |
|
Other intangible assets |
0.00 |
0.00 |
|
Intangible assets |
1,787.00 |
1,773.00 |
|
OtherAssets |
|
|
|
Guarantee deposits paid |
5,454.00 |
5,481.00 |
|
Deferred charges |
2,700.00 |
6,695.00 |
|
Deferred income tax assets - non current |
19,531.00 |
14,931.00 |
|
Other assets - other |
68.00 |
0.00 |
|
Other assets |
27,753.00 |
27,107.00 |
|
Assets |
2,990,959.00 |
3,156,010.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term borrowings |
213,879.00 |
715,065.00 |
|
Short-term notes and bills payable |
39,996.00 |
39,991.00 |
|
Notes payable |
4,554.00 |
7,348.00 |
|
Accounts payable |
373,903.00 |
292,690.00 |
|
Accounts payable - related parties |
21,625.00 |
17,523.00 |
|
Income tax payable |
43,146.00 |
14,623.00 |
|
Accrued expenses |
95,366.00 |
88,913.00 |
|
Other payables |
20,938.00 |
28,034.00 |
|
Billings on construction in process (for construction contracting business) |
3,762.00 |
11,680.00 |
|
Long-term liabilities - current portion |
56,162.00 |
57,107.00 |
|
Other current liabilities |
20,809.00 |
40,182.00 |
|
Current liabilities |
894,140.00 |
1,313,156.00 |
|
Long term Liabilities |
|
|
|
Long-term borrowings |
81,662.00 |
93,824.00 |
|
Long-term liabilities |
81,662.00 |
93,824.00 |
|
Reserves |
|
|
|
Other Liabilities |
|
|
|
Pension reserve / accrued pension liability |
98,164.00 |
103,778.00 |
|
Guarantee deposits received |
68.00 |
0.00 |
|
Other liabilities |
98,232.00 |
103,778.00 |
|
Liabilities |
1,074,034.00 |
1,510,758.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
800,000.00 |
800,000.00 |
|
Capital Surplus |
|
|
|
Capital surplus - additional paid-in capital |
459,529.00 |
459,529.00 |
|
Capital surplus - long-term equity investments |
35,683.00 |
3,040.00 |
|
Capital surplus - employee stock option |
9,336.00 |
0.00 |
|
Capital surplus |
504,548.00 |
462,569.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
39,210.00 |
21,634.00 |
|
Unappropriated retained earnings |
585,994.00 |
366,415.00 |
|
Retained earnings |
625,204.00 |
388,049.00 |
|
Stockholders' Equity and Other adjustmen |
|
|
|
Cumulative translation adjustments |
-12,827.00 |
-5,366.00 |
|
Equity adjustments |
-12,827.00 |
-5,366.00 |
|
Stockholdersˉ equity |
1,916,925.00 (USD 64,216,987.5) |
1,645,252.00 (USD 55,115.942) |
|
Number of treasury stock acquired by the company and subsidiaries (unit: share) |
0.00 |
0.00 |
|
|
0.00 |
0.00 |
(As of 2014.1, 1 NTD = 0.0335 USD)
Unit: NTD/000
|
Date |
2012 |
2011 |
|
Sales |
3,598,935.00 (USD 120,564.322.5) |
3,679,967.00 (USD 123,278.894.5) |
|
Operating income |
3,598,935.00 |
3,679,967.00 |
|
Cost of sales |
3,098,163.00 |
3,276,223.00 |
|
Operating costs |
3,098,163.00 |
3,276,223.00 |
|
Gross profit (loss) from operations |
500,772.00 |
403,744.00 |
|
Selling expense |
179,226.00 |
158,234.00 |
|
General and administrative expenses |
82,578.00 |
61,130.00 |
|
Research and development expenses |
28,938.00 |
42,794.00 |
|
Operating expenses |
290,742.00 |
262,158.00 |
|
Operating income (loss) |
210,030.00 |
141,586.00 |
|
Non-Operating Income |
|
|
|
Interest income |
250.00 |
262.00 |
|
Inome from long-term equity investments under the equity method |
59,102.00 |
35,252.00 |
|
Dividends |
963.00 |
642.00 |
|
Investment income |
60,065.00 |
35,894.00 |
|
Gains on disposal of fixed assets |
339.00 |
0.00 |
|
Foreign exchange gains |
0.00 |
1,014.00 |
|
Miscellaneous income |
29,233.00 |
25,332.00 |
|
Non-operating revenues and gains |
89,887.00 |
62,502.00 |
|
Non-Operating Expenses |
|
|
|
Interest expense |
10,850.00 |
11,435.00 |
|
Loss on disposal of fixed assets |
0.00 |
0.00 |
|
Foreign exchange losses |
2,760.00 |
0.00 |
|
Impairment loss on assets |
4,408.00 |
13,827.00 |
|
Non-operating expenses and losses |
18,018.00 |
25,262.00 |
|
Income from continuing operations before income tax |
281,899.00 |
178,826.00 |
|
Income tax expense (benefit) |
44,744.00 |
3,066.00 |
|
Income from continuing operations |
237,155.00 |
175,760.00 |
|
Net income (loss) |
237,155.00 (USD 7,944,962.5) |
175,760.00 (USD 5,887,960) |
|
Primary Earnings per Share |
|
|
|
Primary earnings per share |
2.96 |
2.20 |
|
Diluted earnings per share |
|
|
|
Diluted earnings per share |
2.89 |
2.20 |
(As of 2014.1, 1 NTD = 0.0335 USD)
|
Date |
2012 |
2011 |
|
Cash Flows from Operating Activities - Indirect Method |
|
|
|
Net Income (Loss) |
237,155.00 |
175,760.00 |
|
Adjustments to Reconcile Net Income to Net Cash Provided by (Used in) Operating Activities |
|
|
|
Depreciation Expense |
169,857.00 |
164,467.00 |
|
Amortization Expense |
2,836.00 |
3,150.00 |
|
Provision (Reversal of Provision) for Bad Debts Losses |
26,692.00 |
3,417.00 |
|
Share-based Compensation |
9,336.00 |
0.00 |
|
Loss (Gain) on Decline (Recovery) in Market Value, Scrap and Obsolescence of Inventories |
0.00 |
-464.00 |
|
Investment Loss (Income) Recognized under Equity Method |
-59,102.00 |
-35,252.00 |
|
Cash Dividends Received from Investments Accounted for under Equity Method |
1,056.00 |
1,800.00 |
|
Loss (Gain) on Disposal of Property, Plan and Equipment |
-339.00 |
0.00 |
|
Impairment Loss on Non-Financial Assets |
4,408.00 |
13,827.00 |
|
Loss (Gain) on Deferred Income Tax |
-8,210.00 |
-11,291.00 |
|
Changes in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Notes Receivable |
6,327.00 |
-30,066.00 |
|
Decrease (Increase) in Accounts Receivable |
-34,492.00 |
-63,795.00 |
|
Decrease (Increase) in Accounts Receivable - Related Parties |
43,033.00 |
-35,701.00 |
|
Decrease (Increase) in Other Receivables |
0.00 |
6,809.00 |
|
Decrease (Increase) in Inventories |
32,086.00 |
-10,341.00 |
|
Decrease (Increase) in Balance of the Construction-in-progress Account Exceeds the Balance of Billings on Construction-in-progress |
7,744.00 |
101,558.00 |
|
Decrease (Increase) in Other Prepayments |
4,427.00 |
-39,137.00 |
|
Decrease (Increase) in Other Current Assets |
-19,531.00 |
14,004.00 |
|
Increase (Decrease) in Notes Payable |
-2,794.00 |
-8,413.00 |
|
Increase (Decrease) in Accounts Payable |
81,213.00 |
11,747.00 |
|
Increase (Decrease) in Accounts Payable - Related Parties |
4,102.00 |
-95.00 |
|
Increase (Decrease) in Income Tax Payable |
28,523.00 |
10,697.00 |
|
Increase (Decrease) in Accrued Expenses |
6,453.00 |
22,115.00 |
|
-7,918.00 |
-20,980.00 |
|
|
Increase (Decrease) in Other Current Liabilities |
-19,373.00 |
37,444.00 |
|
Increase (Decrease) in Accrued Pension Liabilities |
-5,614.00 |
3,143.00 |
|
Increase (Decrease) in Other Operating Liabilities |
68.00 |
0.00 |
|
Net Cash Provided by (Used in) Operating Activities |
507,943.00 |
314,403.00 |
|
Cash Flows from Investing Activities |
|
|
|
Acquisition of Financial Assets Carried at Cost |
-2,200.00 |
0.00 |
|
Acquisition of Investments Accounted for by Equity Method |
0.00 |
0.00 |
|
Purchase of Property, Plant and Equipment |
-141,269.00 |
-276,053.00 |
|
Proceeds from Disposal of Property, Plant and Equipment |
339.00 |
0.00 |
|
Decrease (Increase) in Refundable Deposits |
27.00 |
542.00 |
|
Increase in Deferred Charges |
-2,966.00 |
-13,088.00 |
|
Decrease (Increase) in Restricted Assets |
22,638.00 |
2,741.00 |
|
Purchase of Intangible Assets |
-125.00 |
-298.00 |
|
Net Cash Provided by (Used in) Investing Activities |
-123,556.00 |
-286,156.00 |
|
Cash Flows from Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
-502,131.00 |
7,385.00 |
|
Increase (Decrease) in Short-term Notes and Bills Payable |
5.00 |
18.00 |
|
Proceeds from Long-term Debt |
-12,162.00 |
31,315.00 |
|
Repayment of Long-term Debt |
0.00 |
0.00 |
|
Proceeds from Issuance of Shares |
0.00 |
0.00 |
|
Net Cash Provided by (Used in) Financing Activities |
-514,288.00 |
38,718.00 |
|
Net Increase (Decrease) in Cash and Cash Equivalents |
-129,901.00 |
66,965.00 |
|
Cash and Cash Equivalents, Beginning of year |
184,315.00 |
117,350.00 |
|
Cash and Cash Equivalents, End of year |
54,414.00 |
184,315.00 |
|
Supplemental Cash Flow Information |
|
|
|
Interest Paid |
11,032.00 |
11,429.00 |
|
Interest Paid- Excluding Capitalized Interest |
11,032.00 |
11,429.00 |
|
Income Tax Paid |
24,431.00 |
3,660.00 |
|
Non-cash Investing and Financing Activities |
|
|
|
Current Portion of Long-term Liabilities |
56,162.00 |
57,107.00 |
|
Others |
0.00 |
0.00 |
|
Investing Activities Affecting Both Cash and Non-cash Items |
|
|
|
Cash Paid for Acquisition of Property, Plant and Equipment |
|
|
|
Increase in Property, Plant and Equipment |
134,173.00 |
243,759.00 |
|
Increase (Decrease) in Payable for Equipment Purchased |
7,096.00 |
32,294.00 |
|
Cash Paid for Acquisition of Property, Plant and Equipment |
141,269.00 |
276,053.00 |
|
Other Supplemental Information |
|
|
|
Acquisition of investments accounted for by equity method |
0.00 |
0.00 |
|
Decrease in other receivables |
0.00 |
0.00 |
|
Cash paid for acquisition of investments accounted for by equity method |
0.00 |
0.00 |
Subject declined to disclose its bank details; from other source we cannot obtain the relevant information, either.
Mortgage
|
Case Type: |
Certificate No.: |
Debtor Name: |
Document Number: |
Date of Registration: |
Date of Alteration: |
Status: |
|
Chattel Mortgage |
031558 |
San Fu Chemical Co., Ltd. |
292559 |
1988/9/13 |
1988/9/13 |
Paid Off |
|
Chattel Mortgage |
058229 |
San Fu Chemical Co., Ltd. |
825740 |
1998/6/10 |
|
Paid Off |
|
Chattel Mortgage |
089793 |
San Fu Chemical Co., Ltd. |
09605065250 |
2007/1/12 |
|
|
|
Chattel Mortgage |
092168 |
San Fu Chemical Co., Ltd. |
09605162650 |
2007/10/3 |
2010/5/19 |
|
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.59.65 |
|
|
1 |
Rs.99.21 |
|
Euro |
1 |
Rs.82.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.