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Report Date : |
23.07.2014 |
IDENTIFICATION DETAILS
|
Name : |
BASF TAIWAN LTD. |
|
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|
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Registered Office : |
16F., No.87, |
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Country : |
|
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Date of Incorporation : |
26.03.1991 |
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Com. Reg. No.: |
23930512 |
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|
Legal Form : |
Joint Stock Company |
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|
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Line of Business : |
Manufacturing and sale of chemicals |
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|
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No. of Employees |
620 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate High Risk |
C1 |
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High Risk |
C2 |
|
Very High Risk |
D |
TAIWAN ECONOMIC OVERVIEW
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: |
16F., No.87, Songjiang Rd., Zhongshan Dist., Taipei City 10486, Taiwan |
|
Supplied Address: |
Empire Building 16th Floor No 87 Sung Chiang Road Taipei Taipei Taiwan |
|
Telephone Number: |
+886-2-2518-7694 |
|
Fax Number: |
Notes: The exact name and address are as above.
Subject was incorporated on 1991-3-26 with registered number 23930512 as Joint Stock Company in Taiwan.
Change of Name
|
Former Chinese Name |
台灣巴斯夫電子材料股份有限公司 |
|
Current Chinese Name |
台灣巴斯夫股份有限公司 |
|
Former English Name |
Basf Electronic Materials Taiwan Ltd. |
|
Current English Name |
Basf Taiwan Ltd. |
|
Name |
Subscription Shares |
|
BASF Taiwan B.V. |
3,566,303 |
Factories
|
1 |
|
|
Name: |
Guanyin The 3rd Factory |
|
Address: |
No. 31, Jingjian 2nd Rd., Shulin Li, Guanyin Xiang, Taoyuan County, Taiwan |
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Date of Registration: |
2014-1-3 |
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Factory Registration Number: |
03002108 |
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Factory Manager: |
Jiawei Lin |
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Status: |
In Production |
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Date of Last Annual Return: |
-- |
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Major Products: |
254 metal processing |
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2 |
|
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Name: |
Guanyin Factory |
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Address: |
No. 33, Jingjian 1st Rd., Shulin Village, Guanyin Xiang, Taoyuan County, Taiwan |
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Date of Foundation: |
1991-5-15 |
|
Date of Registration: |
1993-3-9 |
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Factory Registration Number: |
99622117 |
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Factory Manager: |
Jiawei Lin |
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Status: |
In Production |
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Date of Last Annual Return: |
2010-11-29 |
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Major Products: |
181 basic chemical materials 182 petrochemical materials 199 other chemical products |
|
3 |
|
|
Name: |
Gaoxiong Factory |
|
Address: |
No. 6, Guanghua Rd., Daliao Dist., Gaoxiong City, Taiwan |
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Date of Foundation: |
1989-2-4 |
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Date of Registration: |
1992-5-6 |
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Factory Registration Number: |
99663018 |
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Factory Manager: |
Weilin Shen |
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Status: |
In Production |
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Date of Last Annual Return: |
2012-12-10 |
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Major Products: |
199 other chemical products |
|
4 |
|
|
Name: |
Xinzhu Factory |
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Address: |
No. 11, Renzheng Rd., Fengshan Village, Hukou Xiang, Xinzhu County, Taiwan |
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Date of Foundation: |
1987-4-11 |
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Date of Registration: |
1988-6-24 |
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Factory Registration Number: |
99630068 |
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Factory Manager: |
Heqing Huang |
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Status: |
In Production |
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Date of Last Annual Return: |
2014-6-9 |
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Major Products: |
184 synthetic resin, rubber and plastic |
Related Companies:
|
1 |
|
|
Name: |
BASF Hong Kong Ltd. |
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Address: |
No. 1, Connaught Place, Central Hong Kong |
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Tel: |
+852-2731-1222 |
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Fax: |
+852-2734-9631 |
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2 |
|
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Name: |
BASF (China) Co. Ltd. |
|
Address: |
No.300, Jiang Xin Sha Road Shanghai 200137 P. R. China |
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Tel: |
+86-21-2039-1000 |
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Fax: |
+86-21-2039-4306 |
Core Management
Directors
|
1 |
|
|
Name |
Albert Gerhard Dr. Heuser |
|
Position |
Chairman of the Board |
|
2 |
|
|
Name |
Ulf Hinrich Loleit |
|
Position |
Director |
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3 |
|
|
Name |
Johnny Chi Wah Kwan |
|
Position |
Director |
|
4 |
|
|
Name |
Edwin Chunhua Li |
|
Position |
Supervisor |
|
5 |
|
|
Name |
Yongliang Wu |
|
Position |
Manager |
|
Date of Appointment |
2010-5-3 |
Personnel Structure
|
Total Employees |
About 620 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
16F., No.87, Songjiang Rd., Zhongshan Dist., Taipei City 10486, Taiwan |
Production Information
Subject is engaged in manufacturing of chemicals, etc.
Subject has factories in Taiwan for production.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
EZ05010 |
Instrumentation, installation engineering |
|
F102180 |
Alcohol wholesaling |
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F107200 |
Chemical raw materials wholesaling |
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F107990 |
Other chemical products wholesaling |
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F113010 |
Mechanical wholesaling |
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F203030 |
Alcohol retailing |
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F207200 |
Chemical raw materials retailing |
|
F207990 |
Other chemical products retailing |
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F213040 |
Precision instruments retailing |
|
F401010 |
The international trade |
|
JE01010 |
Leasing industry |
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F103010 |
Feed wholesaling |
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F107020 |
Dye pigment wholesaling |
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F107050 |
Fertilizer wholesaling |
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F107080 |
Environmental medicine wholesaling |
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F202010 |
Feed retailing |
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F207050 |
Fertilizer retailing |
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F207080 |
Environmental medicine retailing |
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I103060 |
Management and consultant industry |
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F111090 |
Building materials wholesaling |
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F211010 |
Building materials retailing |
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C901050 |
Cement and concrete products manufacturing |
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C802200 |
Dyes and pigments manufacturing coating paint |
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ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
|
F113020 |
Electrical wholesaling |
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F116010 |
Photographic equipment wholesaling |
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F207020 |
Dye paint retailing |
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F213010 |
Electrical appliance retailing |
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F216010 |
Photographic equipment retailing |
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F107060 |
Toxic chemical substances wholesaling |
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F207060 |
Toxic chemical substances retailing |
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F102170 |
Food wholesaling |
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F203010 |
Food and beverage wholesaling |
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C801100 |
Synthetic resin and plastic manufacturing |
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C801010 |
Basic chemical industry |
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C801990 |
Other chemical materials manufacturing |
|
C802090 |
Cleaning products manufacturing |
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C802990 |
Other chemical products manufacturing |
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C901990 |
Other non-metallic mineral products manufacturing |
|
F107030 |
Cleaning supplies wholesaling |
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F207030 |
Cleaning supplies retailing |
|
IF04010 |
Nondestructive testing industry |
|
F107190 |
Plastic film bags wholesaling |
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F207190 |
Plastic film bag of retailing |
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IZ99990 |
Other business services |
|
JZ99990 |
No other services were classified |
|
F107041 |
Pesticide wholesaling |
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F108021 |
Western medicine wholesaling |
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F207041 |
Pesticide retailing |
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F208021 |
Western medicine retailing |
The raw materials for production are both purchased at home and abroad.
Subject is engaged in sale of chemicals, etc.
The major products sold by subject include chemicals, performance products, functional materials & solutions, etc.
Subject’s sales regions include domestic market, Japan, Korea, Singapore, Southeast Asia, US, Europe, Australia, etc.
Subject has related companies in Hong Kong and Beijing, Shanghai, Guangzhou, etc. of Mainland China.
Subject’s major products are as follows:
|
Category |
Products |
|
Chemicals |
Petrochemicals, Intermediates, Monomers, etc. |
|
Performance Products |
Dispersions & Pigments, Care Chemicals, Automobile and Refinery Industry, Textile Chemicals, Leather Chemicals, Paper Chemicals, etc. |
|
Functional Materials & Solutions |
Catalysts, Coatings, Construction Chemicals, Performance Materials, etc. |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Raw Materials, etc. |
T/T, Cash, etc. |
100% |
Foreign Purchase
|
Terms |
Proportion |
|
|
Raw Materials, etc. |
L/C, T/T, etc. |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Chemicals, etc. |
T/T, Cash, etc. |
100% |
Export
|
Terms |
Proportion |
|
|
Chemicals, 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 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
|
1 |
|
|
Trial Number: |
2013, beijian, 2372 |
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Date of Trial: |
2013-8-16 |
|
Reason: |
Return the compensation money |
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Claimant: |
Mingda Water and Electricity Co., Ltd. (Literal Translation) |
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Defendant: |
Basf Taiwan Ltd. |
|
2 |
|
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Trial Number: |
2013, beijian, 2372 |
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Date of Trial: |
2013-7-17 |
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Reason: |
Return the compensation money |
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Claimant: |
Mingda Water and Electricity Co., Ltd. (Literal Translation) |
|
Defendant: |
Basf Taiwan Ltd. |
|
Name |
Ms. Li |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.24 |
|
|
1 |
Rs.102.87 |
|
Euro |
1 |
Rs.81.44 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.