|
Report Date : |
05.06.2014 |
IDENTIFICATION DETAILS
|
Name : |
HSIN-KUO PLASTIC INDUSTRIAL CO., LTD. |
|
|
|
|
Registered Office : |
No.320, Yuanlu Rd., Sec.3, Pushin Village,
Pushin Hsiang, Chang-Hua |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
11.11.1975 |
|
|
|
|
Com. Reg. No.: |
59092645 |
|
|
|
|
Legal Form : |
Joint Stock Company |
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|
|
|
Line of Business : |
Manufacturing of shoes and related
materials. |
|
|
|
|
No. of Employees |
Not Available |
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 : |
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 31st, 2014
|
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. 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: |
Hsin-Kuo Plastic Industrial Co., Ltd. |
|
Supplied Name: |
Tripos Enterprises Inc C/O HSIN-KUO Plastic
Industrial Co Ltd |
|
Trading Address: |
No.320, Yuanlu Rd., Sec.3, Pushin Village,
Pushin Hsiang, Chang-Hua, Taiwan R.O.C. |
|
Supplied Address: |
#320 Section 3 Yuan Lu Road Pu Shin
HSIANGCHANG HUA HSIEN |
|
Telephone Number: |
+886-4-829-3101 |
Notes: The exact name and address are as above.
|
Registered Name: |
HSIN-KUO PLASTIC INDUSTRIAL CO., LTD. |
|
Registered Address: |
No.320, Yuanlu Rd., Sec.3, Pushin Village,
Pushin Hsiang, Chang-Hua, Taiwan R.O.C. |
|
Date of Foundation: |
1975-11-11 |
|
Registration Number: |
59092645 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
(As of 2014.6, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 16,000,000 (USD 529,600) |
|
Legal Representatives: |
Chaoqin Zhan |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Notes: Subject declined
to disclose its staff number; from other source we cannot obtain the relevant
information, either.
Subject was incorporated
on 1975-11-11 with registered number 59092645
as Joint Stock Company in
Taiwan.
|
Name |
Subscription Shares |
|
Chaoqin Zhan |
533,328 |
|
Shunping Lin |
355,552 |
|
Dongyan Zhan |
177,792 |
|
Xianrong Lin |
533,328 |
The information above is that of subject’s major shareholders.
Factory
|
Address: |
No.320, Yuanlu Rd., Sec.3, Pushin Village,
Pushin Hsiang, Chang-Hua, Taiwan R.O.C. |
|
Date of Foundation: |
1976-1-13 |
|
Date of Registration: |
1976-2-9 |
|
Factory Registration Number: |
99651361 |
|
Factory Manager: |
Chaoqin Zhan |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2002-6-13 |
|
Major Products: |
130 Leather, fur and their products. |
Related Company
|
Name |
Thrive Enterprise Co., Ltd |
|
Address |
No. 143, Yong She Road, Yongjing County, Changhua, Taiwan |
|
Telephone Number |
+886-4-8226101 |
|
Fax Number |
+886-4-8226105 |
Core Management
Directors
|
1 |
|
|
Name |
Chaoqin Zhan |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Shunping Lin |
|
Position |
Director |
|
3 |
|
|
Name |
Dongyan Zhan |
|
Position |
Director |
|
4 |
|
|
Name |
Xianrong Lin |
|
Position |
Supervisor |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.320, Yuanlu Rd., Sec.3, Pushin Village, Pushin Hsiang, Chang-Hua,
Taiwan R.O.C |
Production
Information
Subject is a manufacturer of shoes
and related materials.
It is introduced that subject has a factory in
Taiwan for production.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
C399990 |
Manufacturing of other textiles and related products |
|
C401030 |
Clearing up and manufacturing of leather and fur. |
|
C501990 |
Manufacturing of other wooden products. |
|
C801100 |
Manufacturing of synthetic resin and plastic. |
|
C805060 |
Manufacturing of plastic leather products. |
|
C805070 |
Manufacturing of reinforced plastics products. |
|
C805990 |
Manufacturing of other plastics products. |
|
CK01010 |
Shoe industry. |
|
F102180 |
Wholesales of alcohol. |
|
F104110 |
Wholesales of cloth, wearing, shoes, caps, umbrella, accessories of
garment. |
|
F106010 |
Wholesales of hardware. |
|
F106030 |
Wholesales of molds. |
|
F113010 |
Wholesales of machinery. |
|
F401010 |
International trading business. |
|
H703090 |
Trading of real estate |
|
H703100 |
Renting of real estate. |
|
I103060 |
Management consultant. |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
It is introduced that subject purchases its raw materials and etc both
at home and abroad.
The subject is mainly engaged in sales of shoes and related materials.
It is introduced that subject’s major products
are shoes for women, men and kids, and raw materials such as leather, plastic,
cloth and etc.
It is introduced that subject’s selling
territory is including Asia, Europe, America and etc.
It is introduced that subject’s major
customers are manufacturers or traders of shoes, garments’ accessories and etc.
It is introduced that subject can provide OEM
services.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials
and etc |
COD, CBD and etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials
and etc |
CBD and etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Shoes and related materials. |
COD, CBD and etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Shoes and related materials. |
CBD and 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. Zhan 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
Up to date of reporting, no existing or latent
litigation of the subject has been found.
|
Name |
Mr. Zhan |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.34 |
|
UK Pound |
1 |
Rs.99.18 |
|
Euro |
1 |
Rs.80.76 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
SDA |
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.