|
Report Date : |
13.11.2014 |
IDENTIFICATION DETAILS
|
Name : |
CARGILL TAIWAN CORP. |
|
|
|
|
Registered Office : |
7 Fl., No.149, Sec. 3, Xin-Yi Rd., Da-An
Dist., Taipei |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
22.02.1971 |
|
|
|
|
Com. Reg. No.: |
20514787 |
|
|
|
|
Legal Form : |
Joint Stock Company |
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|
|
|
Line of Business : |
Manufacturing and Sales of Feed |
|
|
|
|
No of Employees : |
About 185 |
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 |
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
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: |
7 Fl., No.149,
Sec. 3, Xin-Yi Rd., Da-An Dist., Taipei, Taiwan, R.O.C. |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2395-1211 |
|
Fax Number: |
Notes: The exact name and address are as above.
Subject was incorporated
on 1971-2-22 with registered number 20514787
as Joint Stock Company in Taiwan.
Pork, Poultry
Factories
|
1 |
|
|
Address: |
No.60, Lane 245, Sec. 3, Shatian Rd., Dadu Dist., Taichung City, Taiwan
(R.O.C.) |
|
Date of Foundation: |
1974-10-16 |
|
Date of Registration: |
1974-10-16 |
|
Factory Registration Number: |
99634163 |
|
Factory Manager: |
In Production |
|
Status: |
Zhenhong Su |
|
Date of Last Annual Return: |
2012-3-9 |
|
Major Products: |
087 animal feedings |
|
2 |
|
|
Address: |
No.1-6, Chenggong 2nd Rd., Qianzhen Dist., Kaohsiung City, Taiwan
(R.O.C.) |
|
Date of Foundation: |
1971-2-22 |
|
Date of Registration: |
1971-11-25 |
|
Factory Registration Number: |
64000039 |
|
Factory Manager: |
In Production |
|
Status: |
Zhenhong Su |
|
Date of Last Annual Return: |
2012-3-8 |
|
Major Products: |
087 animal feedings |
Branches
|
|
|
|
Name |
M.A.Cargill Trading Ltd. |
|
address |
10-1Fl., 149 Hsin Yi Road, Sec. 3 Taipei City, Taiwan 10658, ROC |
|
Tel |
+886-2-2703-5308 |
|
Fax |
+886-2-2755-5181 |
|
|
|
|
Name |
Cargill, Incorporated |
|
address |
PO Box 9300 Minneapolis, MN 55440-9300 United States |
Major Shareholders
|
Name |
Subscription Shares |
|
Jia Guan Investment Co., Ltd (Liberal Translation) |
84,000 |
|
Taiwan Sugar Corporation |
|
|
56,000 |
Shareholder Information:
|
1 |
|
|
Registered Name: |
Jia Guan Investment Co., Ltd (Liberal Translation) |
|
Registered Address: |
7F., No.149, Sec. 3, Xinyi Rd., Da'an Dist.,
Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1998-5-11 |
|
Registration Number: |
16446507 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 150,000,000 (USD 4,965,000) (As of 2014.11, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 150,000,000 (USD 4,965,000) |
|
Legal Representatives: |
Zhenhong Su |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2013-9-25 |
|
2 |
|
|
Registered Name: |
Taiwan Sugar Corporation |
|
Registered Address: |
No.68, Shengchan Rd., East Dist., Tainan
City 70176, Taiwan, R.O.C. |
|
Date of Foundation: |
1948-9-9 |
|
Registration Number: |
03794905 |
|
Registry: |
Department of Commerce, Ministry of Economic
Affairs, R.O.C. |
|
Registered Capital: |
NTD 56,367,498,650 (USD 1,865,565,605) (As of 2014.11, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 56,367,498,650 (USD 1,865,565,605) |
|
Legal Representatives: |
Zhaoyi Chen |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2013-9-14 |
Core Management
Directors
|
1 |
||
|
Name |
Zhenhong Su |
|
|
Position |
Board Chairman |
|
|
2 |
||
|
Name |
Huowen Hong |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Mingjisn Peng |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Minghong Jiang |
|
|
Position |
Executive Director |
|
|
5 |
||
|
Name |
Xianzhen Zeng |
|
|
Position |
Director |
|
|
6 |
||
|
Name |
Liren Deng |
|
|
Position |
Director |
|
|
7 |
||
|
Name |
Duyi Ai |
|
|
Position |
Executive Director |
|
|
8 |
||
|
Name |
Wenxing Hong |
|
|
Position |
Director |
|
|
9 |
||
|
Name |
Daiwei Yu |
|
|
Position |
Director |
|
|
10 |
||
|
Name |
Zhiyuan Chen |
|
|
Position |
Supervisor |
|
|
11 |
||
|
Name |
Duyi Ai |
|
|
Position |
Manager |
|
|
Date of Appointment |
2012-1-13 |
|
Personnel
Structure
|
Total Employees |
About 185 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
7 Fl., No.149, Sec. 3, Xin-Yi Rd., Da-An Dist., Taipei, Taiwan, R.O.C. |
Production
Information
Subject is engaged in manufacturing of feeds and etc.
Subject has 2 factories in Taiwan for production.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Manufacturing, processing and trading of mixed feeding and
complementary feedings for animal, fowl and aquatic product. |
|
-- |
Processing and trading of animal products, fowl and aquatic product. |
|
-- |
Processing and trading of frozen and refrigerated prepared food |
|
-- |
Manufacturing, processing and trading of pet food. |
|
-- |
Manufacturing, processing and trading of products for starch and
amylase. |
|
-- |
General importing and exporting business (Besides licensed business) |
It is introduced that subject purchases raw materials and etc both at
home and abroad.
It is introduced that subject imports some technologies from USA and
etc.
Subject is engaged in sale of feeds and etc.
The major products are pig feeds, poultry feed and so on.
Subject’s sales regions are mainly in Taiwan domestic market.
Subject’s major customers are feeding farm and etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw materials and |
|
Payment Terms |
Cash, T/T and |
Import
|
Products |
Raw materials and |
|
Payment Terms |
L/C, T/T and |
Sales
Domestic Markets
|
Product |
Feed and |
|
Selling Terms |
Cash, T/T and |
Export
Subject has little export.
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 Ms. Chan declined to
disclose its financials citing the grounds of company’s confidentiality; from
other sources we could not obtain such information, either.
Subject declined to disclose its bank details; from other source we
could 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.
Interview Details
|
Name |
Ms. Chan |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.48 |
|
|
1 |
Rs.97.92 |
|
Euro |
1 |
Rs.76.79 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
TPT |
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.