MIRA INFORM REPORT

 

 

Report Date :

10.05.2014              

 

IDENTIFICATION DETAILS

 

Name :

COLORTECH CHEMICAL LTD.

 

 

Registered Office :

2F., No.16-3, Taichang 3rd St., Taoyuan City, Taoyuan County 33077,

 

 

Country :

Taiwan

 

 

Date of Incorporation :

23.10.2003

 

 

Com. Reg. No.:

80571993

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trading of dyes

 

 

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 :

Slow but correct

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

Low Risk

 

A2

Moderate Low Risk

 

B1

Moderate Risk

 

B2

Moderate High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

TAIWAN ECONOMIC OVERVIEW

 

 

Source : CIA

Company name and address

 

Company Name:

COLORTECH CHEMICAL LTD.

Supplied Name:

COLORTECH CHEMICAL LTD

Trading Address:

No 469 Jiadong Roadbade City, Taoyuan County 334 Taiwan ROC

Supplied Address:

No 469 Jiadong Roadbade City, Taoyuan County 334 Taiwan ROC

Telephone Number:

+886-3-360-6088

Fax Number:

+886-3-360-6078

E-mail:

info@colortech-tw.com

 

 

Company Identification Details

 

Registered Name:

COLORTECH CHEMICAL LTD.

Registered Address:

2F., No.16-3, Taichang 3rd St., Taoyuan City, Taoyuan County 33077, Taiwan (R.O.C.)

Date of Foundation:

2003-10-23

Registration Number:

80571993

Registry:

Department of Commerce, Ministry of Economic Affairs, R.O.C.

Registered Capital:

NTD 20,000,000 (USD 662,000)

(As of 2014.05, 1 NTD = 0.0331 USD)

Legal Representatives:

Jinshan Yao

Legal Form:

Private Limited Liability Company

Principal Activities:

Trading of dyes, etc.

Staff:

N/A

Listed at Stock Exchange:

No

Date of Last Annual Return:

2013-12-23

Note: Subject declined to disclose the number of staff, and from other source we cannot obtain the information, either.

 

 

History

 

Subject was incorporated on 2003-10-23 with registered number 80571993 as Private Limited Liability Company in Taiwan.

 

Change of Name

Former Chinese Name

鑫泰開發貿易有限公司

Current Chinese Name

可泰國際貿易有限公司

 

Former English Name

SHIN TECH DEVELOP TRADE LTD.

Current English Name

Colortech Chemical Ltd.

 

 

Shareholders

 

(Unit: NTD)

Name

Subscription Amount

Jinshan Yao

8,000,000         

 

 

 

Subsidiaries & Branches

 

Related Companies

1

Name

Syn-Colors Chemical Int. Co., Ltd.

Address

Xiaoji Village Industrial District, Fuchang Township, Xinshi District Boading, Hebei Province.

Tel

+86-312-599-5667

Fax

+86-312-5992552

Principal Activities

Manufacturing and sale of dyes for leather, etc.

 

Partners

1

Name

Chemcentre (PVI) Ltd.

Address

7-B, 4th Floor, Nelson Chamber, Adjacent MCB Tower, Main LI. Chundrigar Rd., Karachi-74200, Pakistan

Tel

+92-21-221-3917~9

2

Name

Global Leather Export House

Address

House No. 86, Road, No. 17, Sector 14, Uttara Model Town, Dhaka-1230, Bangladesh

Tel

+88-2-892-1773

Fax

-88-2-896-2207

 

 

China Agents

1

Name

Guangdong Nanhai Jinteng Company (Literal Translation)

Address

Shakeng Industrial Zone, Luo Village, Nanhai Dist., Foshan City, Guangdong Province, China

Tel

+86-757-8619-0808/8619-0828

2

Name

Fujian Jiurong Company (Literal Translation)

Address

No. 11-12, Complementary Makings Market Door Opposite, Xiangjiang Rd., Shishi City, Fujian Province, China

Tel

+86-595-8855-1162

3

Name

Zhejiang Wenzhou Yuanyi Company (Literal Translation)

Address

Room 402, Building Fen, Staff Quarters, Quxi Town, Wenzhou City, Zhejiang Province, China

Tel

+86- 577-8626-7137/8627-7008

4

Name

Hebei Xinji Baikun Company (Literal Translation)

Address

No. 11, Building 12, Egg Market, Xinji City, Hebei, China

Tel

+86- 311-8338-1398

5

Name

Beijing Desheng (China) Company Limited (Literal Translation)

Address

Room 1808, Block A, Oulu Building, Beiyuan Rd., Chaoyang Dist., Beijing City, China.

Tel

+ 86-10-6489-5425/ 6498-2995

 

 

Personnel Information

 

Core Management

 

Director

Name

Jinshan Yao

Position

Director

 

 

Operation Information

 

Offices & Factories

 

 

Headquarters

Add

No 469 Jiadong Roadbade City, Taoyuan County 334 Taiwan ROC

 

Production Information

 

Subject is a trader of dyes, etc. without any production activities.

It is introduced that subject’s related company has a factory in Hebei Province, China for production.

Subject’s related factory obtained the certification of ISO9001 and its annual capacity is 3000 tons.

 

Purchase Information

 

The registered activities of subject:

Business Code

Details

F107020 

Dyes, pigments wholesaling

F107170 

Industrial additives wholesaling

F113010 

Mechanical wholesaling

F401010 

The international trade

F601010 

The intellectual property industry

I501010 

Product design industry

IZ06010 

Tally packaging industry

IZ12010 

Staffing industry

ZZ99999 

Besides licensed business, all other business items those are not banned or restricted.

 

Subject’s products are mainly purchased from its related company in Mainland China.

 

Sales Information

 

Subject is engaged in sale of dyes, etc.

The major products sold by subject include dyes for leather, dyes for aluminum, dyes for dichroic and dyes for CLF series, etc.

It is introduced that the colors of the dyes sold by the subject include yellow series, orange series, red series, blue series and green series, etc.

Subject’s sales regions include domestic market, Japan, Korea, Thailand, Southeast Asia, US, Mexico, Spain, Italy, Nigeria, Turkey, etc.

Subject has agents in Beijing, Hebei, Zhejiang, etc. of Mainland China.

Subject’s major customers are manufacturers of garments, leather products, bedclothes, etc.

 

Import and export right:

Import right

Yes

Export right

Yes

 

 

 

Settlements

 

Purchase

 

Domestic Purchase

Product

Terms

Proportion

Dyes, etc.

Interior Settlement, T/T, Cash, etc

100%

 

Foreign Purchase

 

Subject has little import.

 

Sales

 

Domestic Markets

Product

Terms

Proportion

Dyes, etc.

T/T, Cash, etc

100%

 

 

Export

Product

Terms

Proportion

Dyes, etc.

L/C, T/T, etc

100%

 

 

Financial Information

 

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.

 

 

Bankers

 

Subject declined to disclose any information about bankers, and we can not obtain the information from other source.

 

 

Public Record

 

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

Mr. Yao

Department

Sales Department

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.60.05

UK Pound

1

Rs.101.65

Euro

1

Rs.83.07

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.