|
Report Date : |
26.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
JANIE COLOR WORKS LTD. |
|
|
|
|
Registered Office : |
No.642, Chung Shan
Rd., Rende Dist., Tainan City 717 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
15.01.1970 |
|
|
|
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Com. Reg. No.: |
73095708 |
|
|
|
|
Legal Form : |
Joint Stock
Company |
|
|
|
|
Line of Business : |
Manufacturing and
sale of pigment |
|
|
|
|
No of Employees : |
About 200
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 – September 30, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.642, Chung
Shan Rd., Rende Dist., Tainan City 717, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-6-270-2208 |
|
Fax Number: |
Notes: The exact name and address are as above and the supplied address belongs
to subject’s Taipei branch.
|
Credit Opinion: |
|
|
Risk Analysis: |
Average creditworthiness |
Subject was incorporated on
1970-1-15 with registered number 73095708 as Joint Stock
Company in Taiwan.
|
Name |
Subscription
Shares |
|
Maolin Qiu |
3,330,000 |
|
Jinming Chen |
20,720 |
|
Guosheng Ye |
92,315 |
|
Junji Chen |
142,105 |
|
Rongfang Chen |
92,870 |
|
Xiuying Qiu |
2,200,000 |
|
Yukun Xu |
493,766 |
The information
above is that of subject’s major shareholders.
Factory
|
Address: |
No.642, Chung Shan Rd., Rende
Dist., Tainan City 717, Taiwan (R.O.C.) |
|
Date of Foundation: |
1969-1-1 |
|
Date of Registration: |
1969-9-6 |
|
Factory Registration Number: |
99659978 |
|
Factory Manager: |
Maolin Qiu |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2008-6-30 |
|
Major Products: |
coating, dye and pigment |
Branch Companies
|
1 |
|
|
Name: |
Taichung Branch |
|
Address: |
No.20 Jinshan Road, Taichung City, Taiwan |
|
Tel: |
+886-4-2372-7553 |
|
Fax: |
+886-4-2372-5767 |
|
Registration Number; |
51232679 |
|
Status: |
Live |
|
Manager Name: |
Guangxiong Zhang |
|
2 |
|
|
Name: |
Taipei Branch |
|
Address: |
No.138-2, Sec 2, Jinshan South Road, Taipei City, Taiwan |
|
Tel: |
+886-2-2394-5222 |
|
Fax: |
+886-2-2394-5220 |
|
Registration Number: |
12466328 |
|
Status: |
Live |
|
Manager Name: |
Jiliang Weng |
Related Companies
|
1 |
|
|
Name: |
Dongguan Janie Color Plastic Co., Ltd. (Literal Translation) |
|
Address: |
Niuzai Zhou Industrial Area, Daojiao Town, Dongguan City, Guangdong
Province, China |
|
Tel: |
+886-769-8831-0866 |
|
Fax: |
+886-769-8831-0566 |
|
Date of Registration: |
2001-8-30 |
|
Registration Number: |
441900400076900 |
|
Registry: |
Industry and Commerce Administration of Dongguan City, Daojiao Branch |
|
Registered Capital: |
HKD 51,000,000 |
|
Legal Representatives: |
Maolin Qiu |
|
2 |
|
|
Name: |
Vietnam Janie Color Plastic Co., Ltd. (Literal Translation) |
|
Address: |
C1-4,5 Dadeng Industrial Area, Xinyongxie Community, Xinyuan County,
Pingyang Province, Vietnam (Translated) |
|
Tel: |
+84-650-631618 |
|
Fax: |
+84-650-631622 |
Core Management
Directors
|
1 |
|
|
Name |
Maolin Qiu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Jinming Chen |
|
Position |
Director |
|
3 |
|
|
Name |
Guosheng Ye |
|
Position |
Director |
|
4 |
|
|
Name |
Junji Chen |
|
Position |
Director |
|
5 |
|
|
Name |
Zhaimu Shensanlang |
|
Position |
Director |
|
6 |
|
|
Name |
Rongfang Chen |
|
Position |
Director |
|
7 |
|
|
Name |
Xiuying Qiu |
|
Position |
Supervisor |
|
8 |
|
|
Name |
Yukun Xu |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 200 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.642, Chung Shan Rd., Rende Dist., Tainan
City 717, Taiwan (R.O.C.) |
Production
Information
l
Subject is engaged in manufacturing of pigment, etc.
l
Subject has a factory in Tainan City,
Taiwan for production.
l
Subject obtained the certification of
ISO 9001 and ISO 9002.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing, processing and wholesale of
pigment and dye |
|
C804990 |
Manufacturing of other rubber products
(the dyeing of rubber products) |
|
C805990 |
Manufacturing of other plastic products
(the dyeing of plastic products) |
|
E604010 |
Machinery installation |
l
The raw materials for production are mostly
purchased in domestic market.
l
It is introduced that subject imports
some production technology from Sanyo Color Works, Ltd (Japan).
l Subject
is engaged in sale of pigment, etc.
l
The major products sold by subject
include toner, distemper and water-based paints, etc.
l
The products sold by subject are
applied to manufacturing rubber, plastic, paint, textile, leather, glass and
stationery, etc.
l
Subject’s sales regions include Taiwan,
Mainland China, Japan, South Korea, Thailand, Indonesia, Vietnam, Malaysia,
Philippines and Australia, etc.
l
One of Subject’s major customers is
NPC-Wharton (USA).
Import
and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Raw
materials, etc |
T/T,
Cash, etc |
100% |
Foreign Purchase
Subject has little
import.
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Pigment, etc |
T/T,
Cash, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Pigment, etc |
L/C,
T/T, 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 Mr. Shen declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we cannot
obtain the relevant information, either.
Subject declined to disclose any information about
bankers, and we can not obtain the information from other source.
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. Shen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 61.11 |
|
|
1 |
Rs. 102.70 |
|
Euro |
1 |
Rs. 84.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
DPT |
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.