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Report Date : |
02.12.2014 |
IDENTIFICATION DETAILS
|
Name : |
IMPERIAL CHEMICAL CORPORATION |
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Registered Office : |
No.3, |
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Country : |
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|
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Date of Incorporation : |
24.07.1992 |
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Com. Reg. No.: |
86802541 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Engaged in Manufacturing and sale of chemicals such as Acetonitrile, Sodium Cyanide, EDTA.2Na, EDTA.4Na & EDTA acid. |
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No of Employees : |
80 |
RATING & COMMENTS
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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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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 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: |
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Supplied Name: |
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Trading Address: |
No.3, Hsing Kung Rd., Dashe Dist., Kaohsiung City 815, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
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Website: |
Notes: Subject’s exact name and address are as above.
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Registered Name: |
Imperial Chemical Corporation |
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Registered Address: |
No.3, Hsing Kung Rd., Dashe Dist., Kaohsiung City 815, Taiwan (R.O.C.) |
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Date of Foundation: |
1992-7-24 |
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Registration Number: |
86802541 |
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Registry: |
Economic Development Board of Kaohsiung City Government |
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Registered Capital: |
NTD 360,000,000 (USD 12,240,000) (As of 2014.08, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 360,000,000 (USD 12,240,000) |
|
Legal Representatives: |
Mingshan Jian |
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Legal Form: |
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Principal Activities: |
Engaged in Manufacturing and sale of chemicals such as Acetonitrile, Sodium Cyanide, EDTA.2Na, EDTA.4Na & EDTA acid. |
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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 1992-7-24 with registered number 86802541 as Joint Stock Company in Taiwan.
Factory
|
Address: |
No.3, Hsing Kung Rd., Dashe Dist., Kaohsiung City 815, Taiwan (R.O.C.) |
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Date of Registration: |
1990-12-31 |
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Factory Registration Number: |
99662382 |
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Factory Manager: |
Zhenjing Xie |
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Status: |
In Production |
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Date of Last
Annual Return: |
2013-6-6 |
|
Major Products: |
181 basic chemical materials 199 other chemical products |
Major Shareholders
|
Name |
Subscription Shares |
|
Guang Tai Investment Co., Ltd(Literal Translation) |
|
|
6,660,000 |
|
|
Jia Li Investment Co., Ltd (Literal Translation) |
8,976,000 |
|
Sheng Xing Investment Co., Ltd (Literal Translation) |
24,000 |
|
Shang Shun Investment Co., Ltd (Literal Translation) |
3,600,000 |
|
Da San Investment Co., Ltd (Literal Translation) |
3,600,000 |
|
Jinn Wei Engineering And Construction Co., Ltd. |
5,400,000 |
|
Jia Xin Investment Co., Ltd (Literal Translation) |
3,240,000 |
Shareholder
Information:
|
1 |
|
|
Registered Name: |
Guang Tai Investment Co., Ltd (Literal Translation) |
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Registered Address: |
6/F-1, No.118, Wufu 1st Road, Xinxing District, Kaohsiung City, Taiwan |
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Date of Foundation: |
1998-2-18 |
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Registration Number: |
16127095 |
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Registry: |
Economic Development Board of Kaohsiung City Government |
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Registered Capital: |
NTD 25,000,000 (USD 850,000) (As of 2014.08, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 25,000,000 (USD 850,000) |
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Legal Representatives: |
Peiyi Liu |
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Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2014-8-11 |
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2 |
|
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Registered Name: |
Jia Li Investment Co., Ltd (Literal Translation) |
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Registered Address: |
15/F., No.29, Sec 1, Anhe Road, Da-an District, Taipei City, Taiwan |
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Date of Foundation: |
1993-12-20 |
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Registration Number: |
84497320 |
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Registry: |
Taipei City Government |
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Registered Capital: |
NTD 100,000,000 (USD 3,400,000) (As of 2014.08, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 100,000,000 (USD 3,400,000) |
|
Legal Representatives: |
Dewang Ji |
|
Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2014-1-16 |
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3 |
|
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Registered Name: |
Sheng Xing Investment Co., Ltd (Literal Translation) |
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Registered Address: |
15/F., No.29, Sec 1, Anhe Road, Da-an District, Taipei City, Taiwan |
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Date of Foundation: |
2000-12-18 |
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Registration Number: |
70480306 |
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Registry: |
Taipei City Government |
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Registered Capital: |
NTD 28,000,000 (USD 952,000) (As of 2014.08, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 28,000,000 (USD 952,000) |
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Legal Representatives: |
Dewang Ji |
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Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2013-12-26 |
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4 |
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Registered Name: |
Shang Shun Investment Co., Ltd (Literal Translation) |
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Registered Address: |
1/F., No.119, Wenxue West Road, Wenwu Li, Renwu District, Kaohsiung City, Taiwan |
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Date of Foundation: |
1997-12-31 |
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Registration Number: |
16124013 |
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Registry: |
Economic Development Board of Kaohsiung City Government |
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Registered Capital: |
NTD 3,500,000 (USD 119,000) (As of 2014.08, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 3,500,000 (USD 119,000) |
|
Legal Representatives: |
Wensheng Wang |
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Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2011-11-7 |
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5 |
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Registered Name: |
Da San Investment Co., Ltd (Literal Translation) |
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Registered Address: |
12/F-1, No.325, Sec 4, Zhongxiao East Road, Da-an District, Taipei City, Taiwan |
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Date of Foundation: |
1997-10-8 |
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Registration Number: |
16165359 |
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Registry: |
Taipei City Government |
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Registered Capital: |
NTD 28,000,000 (USD) (As of 2014.07, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 15,000,000 (USD ) |
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Legal Representatives: |
Huiwen Pan |
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Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2014-2-20 |
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6 |
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Registered Name: |
Jinn Wei Engineering And Construction Co., Ltd. |
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Registered Address: |
11F-2, No.116, Cheng Shin St., Tsoying Dist., Kaohsiung, Taiwan, R.O.C. |
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Date of Foundation: |
1990-1-16 |
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Registration Number: |
23570404 |
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Registry: |
Economic Development Board of Kaohsiung City Government |
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Registered Capital: |
NTD 100,000,000 (USD 3,400,000) (As of 2014.08, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 100,000,000 (USD 3,400,000) |
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Legal Representatives: |
Kunlun Zhou |
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Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2012-12-6 |
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7 |
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Registered Name: |
Jia Xin Investment Co., Ltd (Literal Translation) |
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Registered Address: |
5/F., No.15, Minli Road, Sanmin District, Kaohsiung City, Taiwan |
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Date of Foundation: |
2004-12-13 |
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Registration Number: |
27212908 |
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Registry: |
Economic Development Board of Kaohsiung City Government |
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Registered Capital: |
NTD 5,000,000 (USD 170,000) (As of 2014.08, 1 NTD = 0.0340 USD) |
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Paid-up Capital: |
NTD 5,000,000 (USD 170,000) |
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Legal Representatives: |
Anna Zhouhuang |
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Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2014-6-25 |
Core Management
Directors
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1 |
||
|
Name |
Mingshan Jian |
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Position |
Board Chairman |
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2 |
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Name |
Dewang Ji |
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Position |
Director |
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3 |
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Name |
Shufang Gu |
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Position |
Director |
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4 |
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Name |
Wensheng Wang |
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Position |
Director |
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5 |
||
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Name |
Weizhong Ye |
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Position |
Director |
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6 |
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Name |
Kunlun Zhou |
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Position |
Director |
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7 |
||
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Name |
Shanwen Shi |
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Position |
Director |
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8 |
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Name |
Xianjun Zhou |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 80 Employees |
Offices & Factories
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|
Headquarters |
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Add |
No.3, Hsing Kung Rd., Dashe Dist., Kaohsiung City 815, Taiwan (R.O.C.) |
Production Information
· Subject is engaged in manufacturing of chemicals
· Subject has a factory in Kaohsiung, Taiwan for production.
· Subject obtained the certifications of ISO 9001:2008 and ISO 14001:2004.
Purchase Information
·
The registered activities of subject:
|
Business Code |
Details |
|
C801010 |
Basic chemical industry |
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C801990 |
Manufacture of other chemical materials |
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C802170 |
Manufacture of toxic chemicals |
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F113010 |
Wholesales of machinery |
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F213080 |
Retails of Machinery and Equipment. |
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F107060 |
Wholesales of toxic chemicals |
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F107110 |
Wholesales of petrochemical materials |
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F119010 |
Wholesales of electronic materials |
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F401010 |
International trading business |
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E301010 |
Water treatment engineering |
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J101990 |
prevention and controlling services of other environmental pollution |
· The raw materials for production are purchased from both home and abroad such as Taiwan, Mainland China and Japan, etc
· It is introduced that subject has technical cooperation with many foreign companies such as Chelast (Japan), Ebara (Japan), Taekwang (South Korea) and Acrinor (Brazil), etc.
· Subject is engaged in sale of chemicals
· The major products sold by subject include acetonitrile, sodium cyanide, EDTA.2Na, EDTA.4Na & EDTA acid.
· The products are applied to the industries of pharmacy, agriculture, electroplate and cosmetic
· Subject’s sales regions include Asia, Europe and America, etc.
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Raw materials |
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Payment Terms |
Cash, T/T, etc |
2.
Import
|
Products |
Raw materials, chemicals |
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Payment Terms |
Sales
1.
Domestic Markets
|
Product |
Chemicals |
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Selling Terms |
Cash, T/T, etc |
2.
Export
|
Product |
Chemicals |
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Selling Terms |
L/C, T/T, etc |
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. Hong declined to disclose its financials citing the grounds of company’s confidentiality; from other sources we could not obtain such information, either.
Subject declined to disclose its bank details; from other source we could 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.
Interview Details
|
Name |
Ms. Hong |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
UK Pound |
1 |
Rs.97.05 |
|
Euro |
1 |
Rs.77.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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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.