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Report Date : |
01.08.2014 |
IDENTIFICATION DETAILS
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Name : |
CHANT OIL CO.,
LTD. |
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|
|
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Registered Office : |
No.29-1, Lane 249, Sec.2, Chung Shan Rd.,
Shulin Dist., New Taipei City 238 |
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Country : |
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Date of Incorporation : |
19.05.1986 |
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Com. Reg. No.: |
22051761 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
engaged in |
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No of Employees : |
About 100 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 |
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|
|
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Payment Behaviour : |
No Complaints |
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|
|
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Litigation : |
Exists |
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 01, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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.
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Source : CIA |
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Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.29-1, Lane
249, Sec.2, Chung Shan Rd., Shulin Dist., New Taipei City 238, Taiwan
(R.O.C.) |
|
Supplied Address: |
NO 29-1 LC 249 SEC
2 ZHONGSHAN RD SHULIN DIST NEW TAIPEI CITY 23872 |
|
Telephone Number: |
+886-2-2671-2891 |
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Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
|
Registered Name: |
Chant Oil Co., Ltd. |
|
Registered Address: |
No.29-1, Lane 249, Sec.2, Chung Shan Rd.,
Shulin Dist., New Taipei City 238, Taiwan (R.O.C.) |
|
Date of Foundation: |
1986-5-19 |
|
Registration Number: |
22051761 |
|
Registry: |
New Taipei City Government |
|
Registered Capital: |
NTD 300,000,000 (USD
9,990,000) (As of 2014.07, 1 NTD = 0.0333 USD) |
|
Paid-up Capital: |
NTD 300,000,000 (USD 9,990,000) |
|
Legal Representatives: |
Yifa Li |
|
Legal Form: |
|
|
Principal Activities: |
engaged in sale
of Chemical Products such as Fatty Powder, Lecithin Powder, Fatty Acid Methyl
Ester, Glycerol Monostearate, Methyl Benzoate, Methyl Stearate, Zinc
Stearate, Nickel Octanoate, Zinc Dioctanoate, Glycerol, Castor Oil Fatty
Acid, Coconut Oil Fatty Acid, Castor Oil Fatty Acid, Linseed Oil Fatty Acid,
Oleic Acid, Palm Kernel Oil Fatty Acid & Rice Bran Oil Fatty Acid |
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated
on 1986-5-19 with registered number 22051761 as Joint Stock Company in Taiwan.
|
Name |
Subscription
Shares |
|
Yifa Li |
1,406,896 |
|
Kai Li |
|
|
13,386,207 |
|
|
Zhihui Chenli |
1,768,966 |
|
Aichen Li |
13,386,207 |
The information above is that of subject’s major shareholders.
Factories
|
1 |
|
|
Name: |
Chant Oil Co., Ltd. Factory |
|
Address: |
No.12 & 12-1, Tien-Fu Lee
Hsan-Hsia Chen Taipei Hsien, Taiwan R.O.C. |
|
Date of Foundation: |
1969-1-1 |
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Date of Registration: |
1977-6-23 |
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Factory Registration Number: |
99617618 |
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Factory Manager: |
Yifa Li |
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Status: |
In Production |
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Date of Last Annual Return: |
2003-1-3 |
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Major Products: |
199 other chemicals |
|
2 |
|
|
Name: |
Chant Oil Co., Ltd. Hsan-Hsia
Factory |
|
Address: |
No.10-2, Tien-Fu Lee Hsan-Hsia
Chen Taipei Hsien, Taiwan R.O.C. |
|
Date of Registration: |
2010-12-20 |
|
Factory Registration Number: |
01000245 |
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Factory Manager: |
Yifa Li |
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Status: |
In Production |
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Date of Last Annual Return: |
2010-12-20 |
|
Major Products: |
Other special-purpose mechanical device |
Core Management
|
1 |
|
|
Name |
Yifa Li |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Kai Li |
|
Position |
Director |
|
3 |
|
|
Name |
Zhihui Chenli |
|
Position |
Director |
|
4 |
|
|
Name |
Aichen Li |
|
Position |
Supervisor |
|
5 |
|
|
Name |
Kai Li |
|
Position |
Manager |
|
Date of Appointment |
2004-6-17 |
|
6 |
|
|
Name |
Zhihui Chenli |
|
Position |
Manager |
|
Date of Appointment |
2004-6-17 |
|
7 |
|
|
Name |
Yifa Li |
|
Position |
Manager |
|
Date of Appointment |
2004-6-17 |
Personnel
Structure
|
Total Employees |
About 100 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.29-1, Lane 249, Sec.2, Chung Shan Rd.,
Shulin Dist., New Taipei City 238, Taiwan (R.O.C.) |
Production
Information
l
Subject is a manufacturer of chemical products
l
Subject has factories in Taipei Hsien, Taiwan for production.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C105010 |
Manufacturing of edible fat and oil |
|
C801010 |
Basic chemical industry |
|
C802090 |
Manufacturing of cleaning supplies |
|
C802120 |
Manufacturing of industrial additives |
|
F401010 |
International trade business |
|
JZ99050 |
Agency service |
|
C803021 |
Renewable energy industry |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
The raw materials of the subject for
production are mainly purchased in domestic market.
l
Subject is engaged in sale of chemical
products
l
Subject’s major products are fatty powder,
lecithin powder, fatty acid methyl ester, glycerol monostearate, methyl
benzoate, methyl stearate, zinc stearate, nickel octanoate, zinc dioctanoate,
glycerol, castor oil fatty acid, coconut oil fatty acid, castor oil fatty acid,
linseed oil fatty acid, oleic acid, palm kernel oil fatty acid & rice bran
oil fatty acid
l
Subject’s sales regions include
domestic market, Japan, Korea, Singapore, India, Southeast Asia, USA, Europe
and America, etc.
l
It is introduced that subject’s major
customers are Everspring Corporation (USA), Dupont Powder Coatings De Mexico
and S A De C V., etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Raw materials |
Cash,
T/T, etc. |
100% |
Foreign Purchase
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Chemical
products, etc. |
Cash,
T/T, etc. |
Export
|
Terms |
Proportion |
|
|
Chemical
products, 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 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
|
2013, su, 150 |
|
|
Date of Trial: |
2013-7-23 |
|
Reason: |
Violation of the government
procurement law |
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Claimant: |
Not Stated |
|
Defendant: |
Yifa Li Chant Oil Co., Ltd. Yitai Energy Development Co.,
Ltd. (Literal Translation) |
|
Name |
Ms. Jenny |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.25 |
|
UK Pound |
1 |
Rs.101.92 |
|
Euro |
1 |
Rs.80.70 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
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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.