|
Report Date : |
14.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
ZIMI CHEMICALS CO., LTD. |
|
|
|
|
Registered Office : |
14F, No.268, Sec.1,Wen Hwa Rd., Panchiao
Dist., New Taipei City 220 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
16.11.1960 |
|
|
|
|
Com. Reg. No.: |
07209709 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
· Engaged in manufacturing and sales of chemicals materials Engaged in processing of agricultural products. Engaged in manufacturing of frozen food. Engaged in manufacturing of dehydrated food Engaged in manufacturing of cans, frozen food, dehydrated
food and pickled food. |
|
|
|
|
No of Employees : |
About 80 Employees |
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 – 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
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: |
14F, No.268, Sec.1,Wen
Hwa Rd., Panchiao Dist., New Taipei City 220, Taiwan (R.O.C.) |
|
Supplied Address: |
14F, No. 268,
Wen Hwa Road, Sec 1, Panchiao District, New Taipei City |
|
Telephone Number: |
|
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name and
address are as above.
|
Credit Opinion: |
Subject was incorporated on
1960-11-16 with registered number 1960-11-16
as Joint Stock Company in
Taiwan.
Awards
|
Year |
Awards |
|
2009 |
Blue chip importer and exporter |
|
2010 |
Blue chip importer and exporter |
|
2011 |
Blue chip importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
2011 |
22,000,000 |
|
Name |
Subscription Shares |
|
Taiping Gao |
4,603,000 |
|
Lina Xu |
2,306,000 |
|
Huizhen Wang |
3,089,000 |
|
Taiping Gao |
4,557,000 |
|
Taiping Gao |
4,603,000 |
|
Lina Xu |
2,306,000 |
|
Huizhen Wang |
3,089,000 |
The information above is that of subject’s major shareholders.
Factories
|
1 |
|
|
Name: |
Taoyuan Plant |
|
Address: |
No.15-1 Suitui Pu Ding Villige, Sinwu Township, Taoyuan Hsien, Taiwan,
R.O.C. |
|
Date of Foundation: |
1994-12-2 |
|
Date of Registration: |
1995-3-3 |
|
Factory Registration Number: |
99627359 |
|
Factory Manager: |
Yongsheng Gao |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2012-8-8 |
|
Major Products: |
193 Cleaning supplies. |
|
Area |
About 25,000 square meters |
|
2 |
|
|
Name: |
Guanyin Plant |
|
Address: |
No.11, Ronggong N. Rd., Guanyin Township, Taoyuan County, Taiwan
(R.O.C.) |
|
Date of Registration: |
2009-3-5 |
|
Factory Registration Number: |
99717588 |
|
Factory Manager: |
Yongsheng Gao |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2012-8-8 |
|
Major Products: |
181 Basic chemical materials. |
Core Management
|
1 |
|
|
Name |
Yongsheng Gao |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Taiping Gao |
|
Position |
Director |
|
3 |
|
|
Name |
Lina Xu |
|
Position |
Director |
|
4 |
|
|
Name |
Weijin Gao |
|
Position |
Director |
|
5 |
|
|
Name |
Huizhen Wang |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 80
Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
14F, No.268, Sec.1,Wen Hwa RD., Panchiao
Dist., New Taipei City 220, Taiwan (R.O.C.) |
Production
Information
l
Subject is a manufacturer of chemical materials
l
It is introduced that subject has two factories in
Taiwan for production.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
A102020 |
Processing of agricultural products. |
|
A102050 |
Services for agriculture. |
|
C103020 |
Manufacturing of frozen food. |
|
C103030 |
Manufacturing of dehydrated food. |
|
C103050 |
Manufacturing of cans, frozen food,
dehydrated food and pickled food. |
|
C108010 |
Manufacturing of saccharides. |
|
C109010 |
Manufacturing of spice. |
|
C399990 |
Manufacturing of other textiles and etc. |
|
C401030 |
Manufacturing of leather and fur. |
|
C801010 |
Basic chemical industry. |
|
C801990 |
Manufacturing of other chemical materials. |
|
C802090 |
Manufacturing of cleaning supplies. |
|
C802100 |
Manufacturing of cosmetics. |
|
C802120 |
Manufacturing of industrial additives. |
|
C802200 |
Manufacturing of coating, paints, dyes and
colors. |
|
C804020 |
Manufacturing of industrial rubber
products. |
|
C804990 |
Manufacturing of other rubber products. |
|
CC01110 |
Manufacturing of computer and relating
equipment. |
|
CD01030 |
Manufacturing of automobile and
components. |
|
CD01040 |
Manufacturing of locomotives and
components. |
|
CH01030 |
Manufacturing of stationeries. |
|
F102130 |
Wholesales of spices. |
|
F102160 |
Wholesales of accessory food. |
|
F102170 |
Wholesales of food and miscellaneous
goods. |
|
F103010 |
Wholesales of feedings. |
|
F107050 |
Wholesales of fertilizer. |
|
F107200 |
Wholesales of chemical materials. |
|
F207200 |
Retails of chemical materials. |
|
F107060 |
Wholesales of toxic chemical substances. |
|
F207060 |
Retails of toxic chemical substances. |
|
F401010 |
International trading business. |
|
F106010 |
Wholesales of hardware. |
|
F107100 |
Wholesales of machinery and equipment. |
|
CB01010 |
Manufacturing of machinery and equipment. |
|
H701010 |
Renting of residence and building. |
|
H701020 |
Developing, renting and sales of
industrial factory building. |
|
H701060 |
Developing of new town and new community. |
|
H703090 |
Trading of real estate. |
|
H701050 |
Investing and building oudheg piotirow. |
|
ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
Subject purchases its raw materials both at home
and abroad.
l
It is introduced that subject imports some products
from Japan, USA, Argentina, India,
Malaysia, Indonesia, U.K. Germany, Spain, Belgium, Italy and etc.
Sales Information
l
The subject is mainly engaged in sales of chemical
materials
l
It is introduced that subject’s selling territory
includes Asia, America, Europe and etc.
l
It is introduced that subject’s major customers are
manufacturers of chemical products, food, cleaning supplies, electronics
l
It is introduced that subject has cooperates with many companies in China such
as “Taiwan Fertilizer Company”, “Formosa Plastics Corporation”, “LCY CHEMICAL CORP.”,”Taiwan Pulp & Paper Corporation”,
“China Petrochemical Development Corporation”, etc.
Major products
|
ACETIC ACID |
ACTIVATED CARBON |
ACTIVATED CLAY |
|
ALUM |
ALUMINIUM FLUORIDE |
ALUMINIUM HYDROXIDE |
|
ALUMINIUM SULFATE |
AMMONIUM ACETATE |
AMMONIUM BICARBONATE |
|
AMMONIUM BIFLUORIDE |
AMMONIUM CHLORIDE |
AMMONIUM NITRATE |
|
AMMONIUM PERSULFATE |
AMMONIUM SULFATE |
ANILINE |
|
ANION/CATION RESIN |
|
|
|
T (BUTYLATED HYDROXYTOLUENE) |
BARIUM CARBONATE |
BARIUM CHLORIDE |
|
BARIUM HYDROXIDE |
BENZOIC ACID |
BLEACHING POWDER (CALCIUM HYPOCHLORITE) |
|
BORAX (DISODIUM TETRABORATE) |
BORIC ACID |
|
|
CALCIUM CARBONATE |
CALCIUM CHLORIDE |
CALCIUM FORMATE |
|
CALCIUM HYDROXIDE |
CALCIUM HYPOCHLORITE TABLET |
CALCIUM NITRATE |
|
CAUSTIC POTASH (POTASSIUM HYDROXIDE) |
CHROME OXIDE GREEN |
CHROMIC ACID (CHROMIUM TRIOXIDE) |
|
CITRIC ACID |
COBALT CHLORIDE |
COBALT NITRATE |
|
COBALT OXIDE |
COBALT SULFATE |
COPPER ACETATE |
|
COPPER SULFATE |
CRESYLIC ACID (CRESOL) |
CYANURIC CHLORIDE |
|
D.M.F (DIMETHYLFORMAMIDE) |
DEFOAMING AGENT |
DIAMMONIUM PHOSPHATE |
|
DIATOMITE (DIATOMACEOUS EARTH) |
DICYANDIAMIDE |
DIPOTASSIUM PHOSPHATE |
|
DISODIUM PHOSPHATE |
|
|
|
ETHYLENE GLYCOL (ETHANEDIOL) |
ETHYLENE TRICHLORIDE |
ETHYLENEDIAMINE TETRACETIC ACID 4Na |
|
FERRIC NITRATE |
FERRIC OXIDE |
FERROUS SULFATE |
|
FLUOBORIC ACID |
FORMIC ACID |
|
|
GLYCERIN |
GUM ARABIC |
GUM ROSIN |
|
HEXACHLOROETHANE |
HEXANDIOIC ACID (HEXANE DIACID) |
HEXANDIOL |
|
HIGH MOLECULAR AGGLUTINANT |
HYDRAZINE |
HYDROCHLORIC ACID |
|
HYDROFLUORIC ACID |
HYDROGEN PEROXIDE |
|
|
MAGNESIUM ACETATE |
MAGNESIUM CHLORIDE |
MAGNESIUM OXIDE |
|
MAGNESIUM SULFATE |
MANGANESE SULFATE |
METAL CHELATING AGENT |
|
METHANOL |
METHYL CELLULOSE |
MONOAMMONIUM PHOSPHATE |
|
MONOPOTASSIUM PHOSPHATE |
MONOSODIUM PHOSPHATE |
|
|
NICKEL ACETATE |
NICKEL SULFAMATE |
NICKEL SULFATE |
|
NITRE (NITER) |
NITRIC ACID |
NITROBENZENE |
|
OLEIC ACID |
OXALIC ACID |
|
|
PARAFFIN OIL |
PARAFFIN WAX |
PHENOL |
|
PHOSPHORIC ACID |
POLYALUMINIUM CHLORIDE |
POTASSIUM ALUM |
|
POTASSIUM CARBONATE |
POTASSIUM CHLORATE |
POTASSIUM CHLORIDE |
|
POTASSIUM DICHROMATE |
POTASSIUM NITRATE |
POTASSIUM PERMANGANATE |
|
POTASSIUM PERSULFATE |
PROPIONIC ACID |
PVA (POLYVINYLALCOHOL) |
|
SALICYLIC ACID |
SILICA GEL |
SILVER NITRATE |
|
SODA ASH (SODIUM CARBONATE) |
SODIUM ACETATE |
SODIUM BENZOATE |
|
SODIUM BICARBONATE |
SODIUM BIFLUORIDE |
SODIUM BISULFATE |
|
SODIUM BROMIDE |
SODIUM CHLORATE |
SODIUM CHLORITE |
|
SODIUM CITRATE |
SODIUM DICHROMATE |
SODIUM FLUORIDE |
|
SODIUM FORMATE |
SODIUM GLUCONATE |
SODIUM HEXAMETAPHOSPHATE |
|
SODIUM HYDROSULFIDE |
SODIUM HYDROSULFITE |
SODIUM HYDROXIDE FLAKE (CAUSTIC SODA) |
|
SODIUM HYDROXIDE LIQUID (CAUSTIC SODA) |
SODIUM HYPOPHOSPHITE |
SODIUM LAURYL ALCOHOL SULFATE |
|
SODIUM METABISULFITE |
SODIUM NITRATE |
SODIUM NITRITE |
|
SODIUM PERBORATE |
SODIUM PERCARBONATE |
SODIUM PERMANGANATE |
|
SODIUM PERSULFATE |
SODIUM POTASSIUM TARTRATE |
SODIUM PYROPHOSPHATE (ACID SODIUM
PHOSPHATE) |
|
SODIUM SILICATE POWDER |
SODIUM SULFIDE |
SODIUM SULFITE |
|
SODIUM SULPHATE |
SODIUM THIOSULPHATE |
SODIUM TRIPOLYPHOSPHATE |
|
STANNOUS SULFATE |
STEARIC ACID |
STRONTIUM CARBONATE |
|
SULFAMIC ACID |
SULFOSALICYLIC ACID |
SULFURIC ACID |
|
TARTARIC ACID |
TITANIUM DIOXIDE |
TRISODIUM PHOSPHATE |
|
TUNG OIL (CHINA WOOD OIL) |
|
|
|
UREA |
|
|
|
VANADIUM PENTOXIDE |
VASELINE (PETROLEUM JELLY) |
|
|
ZINC ACETATE |
ZINC CHLORIDE |
ZINC NITRATE |
|
ZINC OXIDE |
ZINC SULFATE |
|
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
(Taiwan and Mainland, China)
|
Payment
Terms |
Proportion |
|
|
Raw
materials, Chemical materials and etc |
CBD,
COD, etc |
100% |
Foreign Purchase
|
Payment
Terms |
Proportion |
|
|
Raw
materials, Chemical materials and etc |
COD,
etc |
100% |
Sales
Domestic Markets
|
Sales
Terms |
Proportion |
|
|
Chemical
materials and etc. |
CBD,
COD, etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
Chemical
materials and etc. |
COD,
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 salesman introduced that subject’s annual turnover is over USD 30,000,000 per year. However, he refused to disclose the details for us, and we cannot find the relevant information from other sources, either.
Subject declined to disclose its bank details; from other source we can not
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 |
Salesman |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.88 |
|
UK Pound |
1 |
Rs.100.98 |
|
Euro |
1 |
Rs.82.40 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
MNL |
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.