|
Report Date : |
01.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
|
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
06.11.1965 |
|
|
|
|
Com. Reg. No.: |
39054405 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturer and sales of petrochemical raw
materials |
|
|
|
|
No of Employees : |
About 800 |
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 |
|
|
|
|
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. 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: |
|
|
Supplied Name: |
|
|
Trading Address: |
|
|
Supplied Address: |
|
|
Telephone Number: |
|
|
Fax Number: |
|
|
E-mail: |
Notes: Subject’s exact name and address are as above; the supplied address
belongs to subject’s parent company.
|
Credit Opinion: |
|
Registered Name: |
|
|
Registered Address: |
|
|
Date of Foundation: |
|
|
Registration Number: |
39054405 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 10,000,000,000 (USD 339,000,000) (As of 2014.02, 1 NTD = 0.0339 USD) |
|
Paid-up Capital: |
NTD 8,532,423,680 (USD 289,249,163) |
|
Legal Representatives: |
Mouwei Li |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
Yes Stock Symbol: 1704
|
|
Date of Last
Annual Return: |
Subject was incorporated on
Subject was listed
on Taiwan Stock Exchange on
Change of Name:
|
Former English
Name |
Lee Chang Yung
Chemical Industry Corporation |
|
Current English
Name |
LCY Chemical Corp. |
|
Name |
Subscription
Shares |
|
Mouwei Li |
68,090,515 |
|
Wai Lih Company Limited |
|
|
1,326,207 |
|
|
Fuju Co., Ltd (Literal Translation) |
4,889,734 |
The information above is that of subject’s major
shareholders.
Shareholder Information:
|
1 |
|
|
Registered Name: |
Wai Lih Company Limited |
|
Registered Address: |
7f., No.83, Sec. 4, Bade Rd., Songshan Dist.,
Taipei City 10561, Taiwan R.O.C. |
|
Date of Foundation: |
2011-3-31 |
|
Registration Number: |
53325631 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 70,000,000 (USD 2,373,000) (As of 2014.2, 1 NTD = 0.0339 USD) |
|
Paid-up Capital: |
NTD 70,000,000 (USD 2,373,000) |
|
Legal Representatives: |
Zhenfang Li |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2013-6-11 |
|
2 |
|
|
Registered Name: |
Taiwan Polypropylene Co., Ltd. |
|
Address: |
3F, 85 Bade Rd. Sec.4, Taipei 105, Taiwan |
|
Date of Foundation: |
2009-8-14 |
|
Registration Number: |
24455542 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 50,000,000 (USD 1,695,000) (As of 2014.2, 1 NTD = 0.0339 USD) |
|
Paid-up Capital: |
NTD 50,000,000 (USD 1,695,000) |
|
Legal Representatives: |
Xunjia Zhuang |
|
Legal Form: |
Joint Stock Company |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-4-29 |
|
Branch
Registered Number |
53016522 |
|
Branch Status |
Active |
|
Branch Name |
Nanzi
Branch |
|
Branch Manager |
Congxian Shi |
|
Branch Address: |
No 68,Yan-Fa
Rd,Sec Dist,Nanzi Export Processing Zone ,Kaohsiung City 811,Taiwan R.O.C. |
|
Date of
Incorporation |
|
|
Telephone Number: |
+886-7-364-8814 |
|
Fax Number: |
+886-7-364-4029 |
|
Date of Last Annual
Return: |
2013-12-19 |
Factories
|
1 |
|
|
Name: |
Dashe Factory |
|
Address: |
No.
2, Jingjian Road, Sannai Alley, Dashe District, Gaoxiong City |
|
Date of Foundation: |
2076-4-1 |
|
Date of Registration: |
1990-12-31 |
|
Factory Registration Number: |
99661849 |
|
Factory Manager: |
Xizhou
Wang |
|
Status: |
In
Production |
|
Date of Last Annual Return: |
2011-2-23 |
|
2 |
|
|
Name: |
Linyuan Factory |
|
Address: |
No.
11, Shihua 3 Road, Linyuan District, Gaoxiong City |
|
Date of Foundation: |
1984-7-25 |
|
Date of Registration: |
1990-12-31 |
|
Factory Registration Number: |
99661372 |
|
Factory Manager: |
Ronghong
Chen |
|
Status: |
In
Production |
|
Date of Last Annual Return: |
2013-6-10 |
|
3 |
|
|
Name: |
Xiaogang Factory |
|
Address: |
No.
20/18/16, Zhonglin Road, Fenggong Alley 812, Xiaogang District, Gaoxiong
City. |
|
Date of Foundation: |
1995-2-14 |
|
Date of Registration: |
1996-5-10 |
|
Factory Registration Number: |
64005174 |
|
Factory Manager: |
Maoxian
Li |
|
Status: |
|
|
Date of Last Annual Return: |
2014-1-10 |
|
4 |
|
|
Name: |
Gaoxiong Port Storage And Transportation Station |
|
Address: |
No.
2-1, Guohua 2 Street, Zhenbei Alley, Qianzhen District, Gaoxiong City |
|
Date of Foundation: |
1979-6-27 |
|
Date of Registration: |
1981-5-16 |
|
Factory Registration Number: |
64003372 |
|
Factory Manager: |
Sheng
Lu Zeng |
|
Status: |
In
Production |
|
Date of Last Annual Return: |
2010-11-4 |
|
5 |
|
|
Name: |
Gaoxiong Factory |
|
Address: |
No. 3,
Zhonglin Road, Shanming Alley, Xiaogang District, Gaoxiong City |
|
Date of Registration: |
1969-7-10 |
|
Factory Registration Number: |
64000127 |
|
Factory Manager: |
Junjie
Huang |
|
Status: |
In
Production |
|
Date of Last Annual Return: |
2013-11-19 |
|
6 |
|
|
Name: |
Xinzhu Factory |
|
Address: |
No.
131, Qianjia Road, Shuiyuan Alley, Xinzhu City |
|
Date of Foundation: |
1972-1-6 |
|
Date of Registration: |
1973-2-6 |
|
Date Of Closing Business |
1996-3-5 |
|
Factory Registration Number: |
99031114 |
|
Factory Manager: |
Zhejiang Guo |
|
Status: |
Close Business |
|
Date of Last Annual Return: |
1996-3-5 |
|
7 |
|
|
Address: |
no.
235, 1 sec, datong road, xizhi town, new taipei city |
|
Date of Foundation: |
1969-1-1 |
|
Date of Registration: |
1969-1-1 |
|
Date Of Closing Business |
1986-12-2 |
|
Factory Registration Number: |
99002240 |
|
Factory Manager: |
Dacong Lin |
|
Status: |
Close Business |
|
Date of Last Annual Return: |
1986-12-2 |
Group Companies (factories)
|
Zhenjiang LCY Warehousing & Storage
Co., Ltd. LCY Elastomers LP Huizhou LCY Elastomers Corp. Qatar Fuel Additives Co., Ltd. CY Technology Co. CY Co., Ltd. Taiwan Polysilicon Corp. |
It is introduced that subject has factories in Kaohsiung, Siaogang,
Linyuan and Ta-She, Taiwan, but the detailed address are not disclosed.
Core Management
Directors
|
1 |
|
|
Name |
Mouwei Li |
|
Position |
Board Chairman
& Manager |
|
Date of
Appointment |
|
|
2 |
|
|
Name |
Shouren Wang |
|
Position |
Director |
|
3 |
|
|
Name |
Saifen Yang |
|
Position |
Director |
|
4 |
|
|
Name |
Minggong Li |
|
Position |
Director |
|
5 |
|
|
Name |
Zhengcheng Wei |
|
Position |
Director |
|
6 |
|
|
Name |
Xianjin Wu |
|
Position |
Director |
|
7 |
|
|
Name |
Congxian Shi |
|
Position |
Director |
|
8 |
|
|
Name |
Xunjia Zhuang |
|
Position |
Supervisor |
|
9 |
|
|
Name |
Kuncan Wang |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 800 Employees |
Offices & Factories
|
|
Headquarters
|
|
Add |
|
Production Information
l
Subject is engaged in manufacture of petrochemical raw materials, etc.
l
Subject has factories in Taiwan and the mainland of
China for production.
l
It is introduced that all of subject’s plants have
been ISO 14001 certified
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
C801020 |
Manufacture of chemical materials |
|
C801100 |
Manufacture of China Synthetic Resin and Plastics |
|
C801060 |
|
|
G801010 |
Warehousing Industry |
|
C801010 |
Basic Chemical Industry |
|
C802120 |
Manufacture of industrial additives |
|
C802200 |
Manufacture of Coating paint dye and pigment |
|
F107990 |
Wholesales of other chemical products |
|
F207990 |
Retails of other chemical products |
|
D201040 |
Liquefied petroleum gas (LPG) packaging industry |
|
C803011 |
Oil Refinery Industry |
|
JE01010 |
Leasing Industry |
|
F112040 |
Wholesales of petroleum products |
|
F212050 |
Retails of petroleum products |
|
F401010 |
International Trading Business |
|
F112010 |
Wholesales of Petrol ang diesel fumes |
|
F107200 |
Wholesales of chemical materials |
|
F207200 |
Retails of chemical materials |
|
F401151 |
Import of petroleum |
|
F401100 |
Export of petroleum |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases raw
materials both at home and abroad.
l
The subject is mainly engaged in sales of petrochemical raw materials, etc.
l
The
major products sold by subject include polypropylene (PP), solvents and other
chemical products. And it provides methanol products, including methanol,
formaldehyde, paraformaldehyde and dimethyl ether, among others; solvents,
including ethyl acetate, isopropyl alcohol and methyl isobutyl ketone, as well
as electronic chemical products, PP related products, thermoplastic rubber and
liquefied petroleum gas (LPG).
l
Subject’s products are applied in the manufacture
of resins, agricultural pesticides, catalysts, medicines, paintings, inks,
artificial leather products, shoes, industrial products, electronic components,
toys and electrical appliances, etc
l
Subject’s products are both sold in domestic and
overseas market
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw
materials, etc |
COD,
Credit Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw
materials, etc |
CBD,
etc |
100% |
Sales
Domestic Markets
|
Product |
Sales Terms |
Proportion |
|
Petrochemical
raw materials, etc |
CBD,
etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Petrochemical
raw materials, etc |
CBD,
etc |
100% |
Unit: NTD/000
|
|
2012-12-31 |
2011-12-31 |
|
Assets |
|
|
|
Current Assets |
|
|
|
Cash and cash equivalents |
1,095,591.00 |
738,073.00 |
|
Financial assets measured at fair value through
profit or loss - current |
20,675.00 |
153,467.00 |
|
Available-for-sale financial assets - current |
3,157,689.00 |
187,485.00 |
|
Financial assets carried at cost - current |
0 |
33,000.00 |
|
Notes receivable - net |
95,072.00 |
109,516.00 |
|
Accounts receivable - net |
1,275,808.00 |
1,140,412.00 |
|
Accounts receivable - related parties - net |
42,949.00 |
85,356.00 |
|
Other receivables |
230,080.00 |
197,273.00 |
|
Other receivables - related parties |
42,490.00 |
48,094.00 |
|
Inventories |
3,222,051.00 |
3,027,052.00 |
|
Prepaid expenses |
65,902.00 |
41,348.00 |
|
Other prepayments |
131,914.00 |
113,087.00 |
|
Other current assets |
158,603.00 |
136,230.00 |
|
Current assets |
9,538,824.00 |
6,010,393.00 |
|
Funds and Investments |
|
|
|
Financial assets carried at cost - non current |
260,278.00 |
309,388.00 |
|
Equity investments under equity method |
19,523,270.00 |
19,962,560.00 |
|
Investments |
19,523,270.00 |
19,962,560.00 |
|
Funds and long-term investments |
19,783,548.00 |
20,271,948.00 |
|
Fixed Assets |
|
|
|
Cost |
|
|
|
Land |
2,635,181.00 |
2,635,181.00 |
|
Buildings and structures |
754,850.00 |
607,501.00 |
|
Machinery and equipment |
9,144,161.00 |
7,566,904.00 |
|
Transportation equipment |
77,839.00 |
76,273.00 |
|
Other facilities |
1,288,529.00 |
961,719.00 |
|
Revaluation increment |
1,993,463.00 |
1,993,463.00 |
|
Cost and revaluation increment |
15,894,023.00 |
13,841,041.00 |
|
Accumulated depreciation |
-7,929,697.00 |
-7,330,528.00 |
|
Construction in process and prepayment for
equipments |
690,124.00 |
2,229,908.00 |
|
Fixed assets |
8,654,450.00 |
8,740,421.00 |
|
Intangible Assets |
|
|
|
Patents |
4,118.00 |
5,020.00 |
|
Computer software cost |
10,151.00 |
7,286.00 |
|
Other intangible assets |
20,597.00 |
82,387.00 |
|
Intangible assets |
34,866.00 |
94,693.00 |
|
OtherAssets |
|
|
|
Idled assets |
664,611.00 |
664,611.00 |
|
Guarantee deposits paid |
17,776.00 |
15,673.00 |
|
Deferred charges |
31,770.00 |
43,095.00 |
|
Long-term notes and accounts receivable - related
parties |
0 |
10,294.00 |
|
Other assets - other |
15,808.00 |
3,740.00 |
|
Other assets |
729,965.00 |
737,413.00 |
|
Assets |
38,741,653.00 |
35,854,868.00 |
|
Liabilities and Stockholders' Equity |
|
|
|
Liabilities |
|
|
|
Current Liabilities |
|
|
|
Short-term borrowings |
292,338.00 |
5,718,163.00 |
|
Financial liabilities measured at fair value
through profit or loss - current |
3,574.00 |
0 |
|
Notes payable |
6,327.00 |
4,239.00 |
|
Accounts payable |
2,079,814.00 |
2,024,319.00 |
|
Accounts payable - related parties |
3,439.00 |
7,720.00 |
|
Income tax payable |
139,535.00 |
69,769.00 |
|
Accrued expenses |
552,292.00 |
669,545.00 |
|
Other payables - related parties |
617 |
1,968.00 |
|
Other payables |
111,449.00 |
186,527.00 |
|
Advance receipts |
150,897.00 |
91,876.00 |
|
Long-term liabilities - current portion |
398,611.00 |
714,286.00 |
|
Other current liabilities |
3,328.00 |
18,997.00 |
|
Current liabilities |
3,742,221.00 |
9,507,409.00 |
|
Long term Liabilities |
|
|
|
Bonds payable |
1,956,261.00 |
0 |
|
Long-term borrowings |
6,901,389.00 |
500,000.00 |
|
Long-term deferred revenues |
55,272.00 |
67,438.00 |
|
Long-term liabilities |
8,912,922.00 |
567,438.00 |
|
Reserves |
|
|
|
Reserve for land revaluation increment tax |
994,802.00 |
994,802.00 |
|
Reserves |
994,802.00 |
994,802.00 |
|
Other Liabilities |
|
|
|
Guarantee deposits received |
5,002.00 |
4,802.00 |
|
Deferred income tax liabilities |
2,412,790.00 |
1,983,264.00 |
|
Other liabilities - other |
7,225.00 |
6,398.00 |
|
Other liabilities |
2,425,017.00 |
1,994,464.00 |
|
Liabilities |
16,074,962.00 |
13,064,113.00 |
|
Stockholders' Equity |
|
|
|
Capital |
|
|
|
Common stock |
8,532,424.00 |
8,032,424.00 |
|
Capital Surplus |
|
|
|
Capital surplus - additional paid-in capital |
5,242,481.00 |
3,957,445.00 |
|
Capital surplus - treasury stock transactions |
274,124.00 |
274,124.00 |
|
Capital surplus - donated assets received |
9,401.00 |
9,401.00 |
|
Capital surplus - long-term equity investments |
138,884.00 |
37,816.00 |
|
Capital surplus - premium from merger |
3,600,616.00 |
3,600,616.00 |
|
Capital surplus - employee stock option |
0 |
33,700.00 |
|
Capital surplus - stock option |
52,304.00 |
0 |
|
Capital surplus |
9,317,810.00 |
7,913,102.00 |
|
Retained Earnings |
|
|
|
Legal reserve |
2,140,979.00 |
1,909,553.00 |
|
Special reserve |
15,473.00 |
15,473.00 |
|
Unappropriated retained earnings |
1,848,535.00 |
3,557,082.00 |
|
Retained earnings |
4,004,987.00 |
5,482,108.00 |
|
Stockholders' Equity and Other adjustmen |
|
|
|
Cumulative translation adjustments |
-755,683.00 |
-212,346.00 |
|
Unrealized gains (losses) on financial
instruments |
20,699.00 |
29,013.00 |
|
Unrealized Revaluation Increment |
1,546,454.00 |
1,546,454.00 |
|
Equity adjustments |
811,470.00 |
1,363,121.00 |
|
Stockholdersˉ equity |
22,666,691.00 |
22,790,755.00 |
|
Number of treasury stock acquired by the company
and subsidiaries (unit: share) |
0 |
0 |
|
|
0 |
0 |
Unit: NTD/000
Unit: NTD/000
|
|
2012 |
2011 |
|
Cash Flows from
Operating Activities - Indirect Method |
|
|
|
Net
Income (Loss) |
611,309.00 |
2,484,799.00 |
|
Adjustments
to Reconcile Net Income to Net Cash Provided by (Used in) Operating
Activities |
|
|
|
Depreciation Expense |
635,878.00 |
497,005.00 |
|
Amortization Expense |
83,746.00 |
112,124.00 |
|
Share-based Compensation |
1,336.00 |
170,153.00 |
|
Amortization of Discounts (Premiums) on Bonds Payable |
7,470.00 |
0.00 |
|
Investment Loss (Income) Recognized under Equity Method |
-267,250.00 |
-1,771,234.00 |
|
Cash Dividends Received from Investments Accounted for under Equity Method |
167,033.00 |
4,314.00 |
|
Loss (Gain) on Disposal of Investments |
37,397.00 |
-162,910.00 |
|
Unrealized Revaluation Loss (Gain) on Financial Assets and Liabilities |
136,366.00 |
-131,948.00 |
|
Loss (Gain) on Deferred Income Tax |
515,730.00 |
497,045.00 |
|
Other Adjustments to Reconcile Net Income |
1,377.00 |
667.00 |
|
Changes
in Operating Assets and Liabilities |
|
|
|
Decrease (Increase) in Financial Assets Held for Trading |
-5,344.00 |
2,114.00 |
|
Decrease (Increase) in Notes Receivable |
14,444.00 |
1,691.00 |
|
Decrease (Increase) in Accounts Receivable |
-135,396.00 |
-132,914.00 |
|
Decrease (Increase) in Accounts Receivable - Related Parties |
42,407.00 |
-43,323.00 |
|
Decrease (Increase) in Other Receivables |
17,332.00 |
87,862.00 |
|
Decrease (Increase) in Other Receivable- Related Parties |
5,604.00 |
-7,672.00 |
|
Decrease (Increase) in Inventories |
-198,645.00 |
-545,296.00 |
|
Decrease (Increase) in Prepaid Expenses |
-24,233.00 |
-25,963.00 |
|
Decrease (Increase) in Other Prepayments |
-18,827.00 |
-33,409.00 |
|
Decrease (Increase) in Other Current Assets |
3,304.00 |
-33,807.00 |
|
Decrease (Increase) in Other Operating Assets |
10,294.00 |
10,356.00 |
|
Increase (Decrease) in Notes Payable |
2,088.00 |
2,399.00 |
|
Increase (Decrease) in Accounts Payable |
55,495.00 |
304,543.00 |
|
Increase (Decrease) in Accounts Payable - Related Parties |
-4,281.00 |
-6,192.00 |
|
Increase (Decrease) in Income Tax Payable |
69,766.00 |
-159,571.00 |
|
Increase (Decrease) in Accrued Expenses |
-117,253.00 |
-1,551.00 |
|
Increase (Decrease) in Other Payables |
-47,885.00 |
-9,102.00 |
|
Increase (Decrease) in Other Payable - Related Parties |
-1,351.00 |
633.00 |
|
Increase (Decrease) in Receipts in Advance |
59,021.00 |
4,827.00 |
|
Increase (Decrease) in Other Current Liabilities |
-15,669.00 |
14,726.00 |
|
Increase (Decrease) in Deferred Credits |
-11,339.00 |
-11,787.00 |
|
Net Cash Provided
by (Used in) Operating Activities |
1,629,924.00 |
1,118,579.00 |
|
Cash Flows from
Investing Activities |
|
|
|
Acquisition of Available-for-sale Financial Assets |
-4,393,981.00 |
-882,974.00 |
|
Proceeds
from Disposal of Available-for-sale Financial Assets |
1,425,838.00 |
804,752.00 |
|
Acquisition of Financial Assets Carried at Cost |
-74,614.00 |
-116,147.00 |
|
Proceeds from Disposal of Financial Assets Carried at Cost |
51,939.00 |
68,836.00 |
|
Capital
Reduction of Financial Assets Carried at Cost |
25,185.00 |
65,630.00 |
|
Acquisition of Investments Accounted for by Equity Method |
-27,000.00 |
-2,455,312.00 |
|
Proceeds
from Disposal of Investments Accounted for by Equity Method |
0.00 |
172,948.00 |
|
Proceeds from Capital Reduction of Investments Accounted for under Equity
Method |
0.00 |
1,987.00 |
|
Purchase of Property, Plant and Equipment |
-589,008.00 |
-1,576,537.00 |
|
Proceeds from Disposal of Property, Plant and Equipment |
4,944.00 |
3,378.00 |
|
Decrease (Increase) in Refundable Deposits |
-2,103.00 |
1,340.00 |
|
Increase in Deferred Charges |
0.00 |
-92.00 |
|
Decrease
(Increase) in Restricted Assets |
-9,500.00 |
-3,065.00 |
|
Purchase of Intangible Assets |
-3,055.00 |
-4,539.00 |
|
Decrease (Increase) in Other Assets |
-3,210.00 |
0.00 |
|
Net
Cash Provided by (Used in) Investing Activities |
-3,594,565.00 |
-3,919,795.00 |
|
Cash Flows from
Financing Activities |
|
|
|
Increase (Decrease) in Short-term Loans |
-5,425,825.00 |
1,313,951.00 |
|
Proceeds from Issuance of Bonds |
2,000,500.00 |
0.00 |
|
Proceeds from Long-term Debt |
6,800,000.00 |
500,000.00 |
|
Repayment of Long-term Debt |
-714,286.00 |
-1,503,571.00 |
|
Increase (Decrease) in Guarantee Deposits Received |
200.00 |
388.00 |
|
Cash
Dividends Paid |
-2,088,430.00 |
-2,470,405.00 |
|
Proceeds
from Issuance of Shares |
1,750,000.00 |
4,440,000.00 |
|
Proceeds from Sale of Treasury Stock |
0.00 |
202,649.00 |
|
Net
Cash Provided by (Used in) Financing Activities |
2,322,159.00 |
2,483,012.00 |
|
Net Increase (Decrease)
in Cash and Cash Equivalents |
357,518.00 |
-318,204.00 |
|
Cash and Cash
Equivalents, Beginning of year |
738,073.00 |
1,056,277.00 |
|
Cash and Cash
Equivalents, End of year |
1,095,591.00 |
738,073.00 |
|
Supplemental
Cash Flow Information |
|
|
|
Interest Paid- Excluding Capitalized Interest |
116,385.00 |
73,726.00 |
|
Income
Tax Paid |
171,901.00 |
404,707.00 |
|
Non-cash
Investing and Financing Activities |
|
|
|
Inventories Transferred to Deferred Charges |
3,646.00 |
1,093.00 |
|
Treasury Stock Retired |
0.00 |
179,085.00 |
|
Financial Assets Carried at Cost Reclassified as Available for Sale Financial
Assets |
0.00 |
46,829.00 |
|
Others |
5,572.00 |
929,887.00 |
|
Investing Activities
Affecting Both Cash and Non-cash Items |
|
|
|
Cash
Paid for Acquisition of Property, Plant and Equipment |
|
|
|
Increase in Property, Plant and Equipment |
561,815.00 |
1,597,046.00 |
|
Increase (Decrease) in Payable for Equipment Purchased |
27,193.00 |
-20,509.00 |
|
Cash Paid for Acquisition of Property, Plant and Equipment |
589,008.00 |
1,576,537.00 |
|
Other
Supplemental Information |
|
|
|
Construction
In Process transferred to Computer Software Cost |
5,572.00 |
0.00 |
|
Land-revaluation
increments |
0.00 |
893,409.00 |
|
Spare
parts transferred to property, plant and equipment |
0.00 |
36,478.00 |
Subject did not introduce its bank details;
from other source we cannot obtain the relevant information, either.
Mortgage
|
Case Type: |
Chattel Mortgage |
|
Certificate No.: |
024592 |
|
Debtor Name: |
Lcy Chemical Corp. |
|
Document Number: |
068481 |
|
Date of Registration: |
1986/2/27 |
|
Date of Alteration: |
1986/2/27 |
Lawsuit
Up to date of reporting, no existing or latent
litigation of the subject has been found.
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.07 |
|
|
1 |
Rs. 103.61 |
|
Euro |
1 |
Rs. 85.02 |
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.