|
Report Date : |
21.02.2014 |
IDENTIFICATION DETAILS
|
Name : |
RIVER-OCEAN ENTERPRISE CO., LTD. |
|
|
|
|
Registered Office : |
10F.-4, No.52, Sec. 2, Chang-An E. Rd.,
Zhongshan Dist., Taipei City 10456 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
28.02.1984 |
|
|
|
|
Com. Reg. No.: |
21209547 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Trader of chemical products and feed additives |
|
|
|
|
No of Employees : |
About 15 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
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 – december 01, 2013
|
Country Name |
Previous Rating (30.09.2013) |
Current Rating (01.12.2013) |
|
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. In 2009, Taiwan's GDP contracted 1.8%, due
primarily to a 13.1% year-on-year decline in exports. In 2010 GDP grew 10.7%,
as exports returned to the level of previous years, and in 2011, grew 4.0%. In
2012, however, growth fell to 1.3%, 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 except for the landmark Economic
Cooperation Framework Agreement (ECFA) signed with China in June 2010, so far Taiwan
has been excluded from this greater economic integration in part because of its
diplomatic status. Negotiations continue on such follow-on components of ECFA
regarding trade in goods and services. The MA administration has said that the
ECFA will serve as a stepping stone toward trade pacts with other key trade
partners, which Taiwan subsequently launched with Singapore and New Zealand.
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 trade surplus largely
because of its surplus with China, and its foreign reserves are the world's
fifth largest, behind China, Japan, Saudi Arabia, and Russia. 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. 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. 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: |
10F.-4, No.52,
Sec. 2, Chang-An E. Rd., Zhongshan Dist., Taipei City 10456, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2521-6700 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and address are as above.
|
Registered Name: |
River-Ocean Enterprise Co., Ltd. |
|
Registered Address: |
10F.-4, No.52, Sec. 2,
Chang-An E. Rd., Zhongshan Dist., Taipei City 10456, Taiwan (R.O.C.) |
|
Date of Foundation: |
1984-2-28 |
|
Registration Number: |
21209547 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
(As of 2014.02, 1 NTD = 0.0340 USD) |
|
Paid-up Capital: |
NTD 5,000,000 (USD 170,000) |
|
Legal Representatives: |
Zichao Zhang |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was
incorporated on 1984-2-28 with registered number 21209547 as Joint Stock Company in Taiwan.
|
Name |
Subscription
Shares |
|
Zichao Zhang |
175,000 |
|
Huizhu Chen |
175,000 |
|
Jingquan Xu |
25,000 |
|
Weijin Zhang |
25,000 |
The information above is that of subject’s major shareholders.
Subject did not introduce whether it has any subsidiaries
or branches, from other source we can not obtain the relevant information,
either.
Core
Management
Directors
|
1 |
|
|
Name |
Zichao Zhang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Huizhu Chen |
|
Position |
Director |
|
3 |
|
|
Name |
Jingquan Xu |
|
Position |
Director |
|
4 |
|
|
Name |
Weijin Zhang |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 15
Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
10F.-4, No.52,
Sec. 2, Chang-An E. Rd., Zhongshan Dist., Taipei City 10456, Taiwan (R.O.C.) |
Production Information
l Subject is a
trader of chemical products and feed additives, etc without any production
activities.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F102020 |
Wholesale of edible fat and oil |
|
F102170 |
Wholesale of food and grocery |
|
F102180 |
Wholesale of ethyl alcohol |
|
F103010 |
Wholesale of feed |
|
F106010 |
Wholesale of hardware |
|
F107070 |
Wholesale of animal medicine |
|
F107990 |
Wholesale of other chemical products |
|
F111090 |
Wholesale of building materials |
|
F113010 |
Wholesale of machinery |
|
F201020 |
Retail of animal products |
|
F202010 |
Retail of feed |
|
F203010 |
Retail of food, beverage and grocery |
|
F203030 |
Retail of ethyl alcohol |
|
F206010 |
Retail of hardware |
|
F207070 |
Retail of animal medicine |
|
F207990 |
Retail of other chemical products |
|
F211010 |
Retail of building materials |
|
F213080 |
Retail of machinery |
|
F401010 |
International trade business |
|
F107200 |
Wholesale of chemical raw material |
|
F119010 |
Wholesale of electronic material |
|
F207200 |
Retail of chemical raw material |
|
F112040 |
Wholesale of petroleum product |
|
F104110 |
Wholesale of textile, garment, shoes, hat,
umbrella, accessories |
|
F204110 |
Retail of textile, garment, shoes, hat,
umbrella, accessories |
|
I501010 |
Product design |
|
F219010 |
Retail of electronic material |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l Subject purchases products from both home and abroad such as Taiwan,
Mainland China, Japan, India, USA and Australia, etc.
l Subject is mainly
engaged in sales of chemical products and feed additives, etc.
l The major chemical products sold by subject include petrochemical
down-stream products, organic and inorganic chemicals, fine chemicals and dyestuffs,
etc.
l It is introduced
that subject also supplies livestock feed additives for swine, poultry and
aquatic feeds, etc.
l Subject’s sales
regions include domestic market, Southeast Asia, America and Australia, etc.
Major products
|
Agriculture & Fertilizers |
Ammonium Sulfate |
|
Calcium Phosphate, Dibasic (DCP) |
|
|
Copper Sulphate Pentahydrate |
|
|
Diammonium Phosphate |
|
|
Dimethyl Sulfate (DMS) |
|
|
Dipotassium Phosphate |
|
|
Manganese Sulfate |
|
|
Monoammonium Phosphate |
|
|
Mono-Di-Calcium Phosphate (MDCP) |
|
|
Paraformaldehyde 92% |
|
|
Potassium Chloride |
|
|
Zinc Sulphate |
|
|
Amines |
Cyclohexylamine |
|
Diethanolamine (DEA) |
|
|
Monoethanolamine (MEA) |
|
|
Triethanolamine (TEA) |
|
|
Catalysts |
Aluminum Potassium Sulphate |
|
Catalysts |
Antimony Triacetate |
|
Antimony Trioxide |
|
|
Cobalt Acetate |
|
|
Cobalt and Manganese Acetate Solution
(CMA) |
|
|
Cobalt and Manganese Bromide Solution
(CMB) |
|
|
Copper Oxide |
|
|
Di-Acetone Alcohol (DAA) |
|
|
Dibenzoyl Peroxide |
|
|
Manganese Acetate Tetrahydrate |
|
|
p-Toluene Sulfonic Acid (PTSA) |
|
|
Detergents & Surfactants |
Branched Alkyl Benzene Sulfonic Acid (Dodecyl
Benzene Sulfonic Acid) (DBSA) 96% |
|
Calcium Hypochlorite |
|
|
Disodium E.D.T.A |
|
|
E.D.T.A. Acid |
|
|
Fatty Alcohol Polyethylene Glycol Ether |
|
|
Liner Alkyl Benzene Sulfonic Acid (LBSA)
96% |
|
|
Oxalic Acid |
|
|
Surfactants, nonionic |
|
|
Tetrasodium E.D.T.A. |
|
|
Dyestuffs |
Acid Dyes |
|
Basic Dyes |
|
|
Direct Dyes |
|
|
Disperse Dyes |
|
|
Reactive Dyes |
|
|
Glycols |
Diethylene Glycol (DEG) |
|
Mono Ethylene Glycol (EG, MEG) |
|
|
Triethylene Glycol (TEG) |
|
|
Industrial Chemicals |
1,4-Butanediol |
|
1,4-Butylene Glycol |
|
|
24 Di-Tertiary Butyl Phenol (24 DTBP) |
|
|
26 Di-Tertiary Butyl Phenol (26 DTBP) |
|
|
Acetal Co-Polymer (POM) |
|
|
Acetic Acid, Glacial |
|
|
Aluminum Ammonium Sulphate |
|
|
Ammonium Perchlorate |
|
|
Benzoic Acid |
|
|
Bisphenol-A |
|
|
Branched Alkyl Benzene Sulfonic Acid
(Dodecyl Benzene Sulfonic Acid) (DBSA) 96% |
|
|
Calcium Carbonate |
|
|
Carbon Tetrachloride |
|
|
Caustic Soda (Sodium Hydroxide) |
|
|
Cobaltous Acetate |
|
|
Cobaltous Bromide |
|
|
Cobaltous Carbonate |
|
|
Copper Carbonate |
|
|
Cumene Hydroperoxide (CHP) |
|
|
Di-Acetone Alcohol (DAA) |
|
|
Di-Butyl Phthalate (DBP) |
|
|
Di-Cumyl Peroxide (DCP) |
|
|
Diethanolamine (DEA) |
|
|
Diethylene Glycol (DEG) |
|
|
Dimethyl Ether |
|
|
Disodium E.D.T.A |
|
|
E.D.T.A. Acid |
|
|
Ethanolamine |
|
|
EVA emulsion (Vinyl Acetate-Ethylene
Emulsion) |
|
|
Ferrous Chloride |
|
|
Ferrous Sulfate |
|
|
Formaldehyde 37%, 44% |
|
|
Fumaric Acid |
|
|
Hexamine |
|
|
Iso-Butanol (i-BA) |
|
|
Isobutyl Acetate (IBAC) |
|
|
Isopropyl Alcohol (IPA) |
|
|
Magnesium Sulfte |
|
|
Maleic Anhydride (MA) |
|
|
Methyl Chloride |
|
|
Methyl Ethyl Ketone (MEK) |
|
|
Methyl Isobutyl Ketone (MIBK) |
|
|
Methyl t-Butyl Ether (MTBE) |
|
|
Methylene Chloride |
|
|
Mono Ethylene Glycol (EG, MEG) |
|
|
Monoethanolamine (MEA) |
|
|
MPO (2-Methyl-1, 3-Propanediol) |
|
|
n-Butyl Acetate (n-BAC) |
|
|
Nonyl Phenol (NP) |
|
|
Normal-Butanol (n-BA) |
|
|
n-Propanol |
|
|
n-Propyl Acetate (n-PAC) |
|
|
n-Propyl Alcohol (NPA) |
|
|
Oxalate Ferrous |
|
|
Paraffins Chlorinated |
|
|
Paraformaldehyde 92% |
|
|
Phosphoric Acid (85%, Tech) |
|
|
Phthalic Anhydride (PA) |
|
|
Pine Oil |
|
|
Polyethylene Glycol (PEG) |
|
|
Polyethylene Glycol Ether |
|
|
Polyvinyl Acetate Emulsion |
|
|
Polyvinyl Alcohol (PVA) |
|
|
Polyvinyl Butyral |
|
|
Potassium Phosphate (Monobasic, Dibasic) |
|
|
Potassium Sulphate |
|
|
Propylene Glycol Monomethyl Ether Acetate
(PMA) |
|
|
p-Toluene Sulfonic Acid (PTSA) |
|
|
Sodium Formate |
|
|
Sodium Persulfate |
|
|
Sodium Phosphate (Monobasic, Dibasic) |
|
|
Sodium p-Toluene Sulfonate |
|
|
Sodium Sulphate |
|
|
Sodium Xylene Sulfonate |
|
|
Starches (Textiles, Dry battery, Papers) |
|
|
Sulfamic Acid |
|
|
Tetrasodium E.D.T.A. |
|
|
THF (Tetrahydrofuran) |
|
|
Titanium Dioxide |
|
|
Triethanolamine (TEA) |
|
|
Triethylene Glycol (TEG) |
|
|
Tri-Octyl Trimellitate (TOTM) |
|
|
Vanadium Pentoxide |
|
|
Vinyl Acetate Monomer (VAM) |
|
|
Xylene Sulfonic Acid |
|
|
Zinc Chloride |
|
|
Zinc Oxide |
|
|
Minerals |
Mica Powder |
|
Mono-Di-Calcium Phosphate (MDCP) |
|
|
Rock Phosphate |
|
|
Mining |
Sodium Cyanide (NaCN) 98% min |
|
Oil Drilling Chemicals |
Barite |
|
Barium Sulfate |
|
|
Bentonite |
|
|
Calcium Chloride |
|
|
Caustic Soda |
|
|
CMC |
|
|
Furfural |
|
|
Soda Ash |
|
|
Sodium Bicarbonate |
|
|
Triethylene Glycol (TEG) |
|
|
Xanthan Gum |
|
|
Paints Industrial |
Cobalt Acetate Tetrahydrate |
|
Isopropyl Alcohol (IPA) |
|
|
Lead Oxide, Red |
|
|
Litharge |
|
|
Manganese Acetate Tetrahydrate |
|
|
Polyvinyl Butyral |
|
|
Plasticizers & Stabilizer |
Barium Stearate |
|
Cadmium Stearate |
|
|
Calcium Stearate |
|
|
Di-Isodecyl Phthalate (DIDP) |
|
|
Di-Isononyl Phthalate (DINP) |
|
|
Di-Octyl Adipate (DOA) |
|
|
Di-Octyl Phthalate (DOP) |
|
|
Epoxidized Soybean Oil (ESO) |
|
|
Mono Type Stabilizer |
|
|
Tri-Octyl Trimellitate (TOTM) |
|
|
Zinc Stearate |
|
|
Resins |
Epoxy Resins |
|
Furan Resins |
|
|
Paper Strength Resins |
|
|
Petroleum Resins |
|
|
Phenolic Resins |
|
|
Resins Industrials Chemicals |
Bisphenol-A |
|
Diethylene Glycol (DEG) |
|
|
Formaldehyde 37%, 44% |
|
|
Fumaric Acid |
|
|
Furfuryl Alcohol |
|
|
Hexamine |
|
|
Maleic Anhydride (MA) |
|
|
Melamine Resin Moulding Compounds |
|
|
Melamine, Refined |
|
|
Mono Ethylene Glycol (EG, MEG) |
|
|
Paraformaldehyde 92% |
|
|
Pentaerythritol 98% |
|
|
Phenol |
|
|
Phenolic resin moulding Compounds |
|
|
Phthalic Anhydride (PA) |
|
|
Trimethylol Propane (TMP) |
|
|
Solven |
Acetone (Simethyl Ketone, DMK, Propanone) |
|
Butyl Cellosolve (BCS, Ethylene Glycol
Monobutyl Ether) |
|
|
Cyclohexanone (ANONE) |
|
|
Di-Acetone Alcohol (DAA) |
|
|
Ethyl Acetate |
|
|
Isobutyl Alcohol |
|
|
Isobutyl Alcohol (ISOBUTANOL) |
|
|
Isopropyl Alcohol (IPA) |
|
|
Methyl Ethyl Ketone (MEK) |
|
|
Methyl Isobutyl Ketone (MIBK) |
|
|
Methylene Chloride |
|
|
n-Butyl Acetate (n-BAC) |
|
|
Normal Butyl Alcohol |
|
|
Water Treatment Chemicals |
Copper Carbonate |
|
Copper Sulphate Pentahydrate |
|
|
Ferrous Sulfate |
|
|
Feed Additives |
Active Yeast Powder |
|
Enzyme |
|
|
Fish Soluble Liquid |
|
|
Fish Soluble Paste |
|
|
Fish Soluble Powder |
|
|
Shrimp Shell Meal |
|
|
Squid Liver Meal |
|
|
Squid Liver Oil |
|
|
Squid Liver Paste |
|
|
Minerals For Feed |
Copper Sulphate Pentahydrate |
|
Dicalcium Phosphate (DCP) |
|
|
Manganous Oxide |
|
|
Monidicalcium Phosphate (MDCP) |
|
|
Monopotassium Phosphate (MKP) |
|
|
Monosodium Phosphate (MSP) |
|
|
Zinc Sulphate Monohydrate |
|
|
Acidifier |
Fumaric Acid |
|
Other |
Beta-Carotene |
|
Brine Shrimp Flakes |
|
|
Bromelain |
|
|
Calcium Lacate |
|
|
Chlorella |
|
|
Spirulina |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic
Purchase
|
Terms |
Proportion |
|
|
Chemical
product and feed additive |
Cash,
T/T, etc |
100% |
Foreign
Purchase
|
Terms |
Proportion |
|
|
L/C, T/T, etc |
100% |
Sales
Domestic
Markets
|
Terms |
Proportion |
|
|
Chemical
product and feed additive |
Cash,
T/T, etc |
100% |
Export
|
Terms |
Proportion |
|
|
Chemical
product and feed additive |
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 Ms. Chen 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 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. Chen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.28 |
|
|
1 |
Rs. 103.84 |
|
Euro |
1 |
Rs. 85.69 |
INFORMATION DETAILS
|
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.