|
Report Date : |
20.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
CHENG LOONG CORPORATION |
|
|
|
|
Registered Office : |
No.1, Sec.1, Ming Sheng Rd., Banqiao Dist., New Taipei City 220, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2013 |
|
|
|
|
Date of Incorporation : |
04.02.1959 |
|
|
|
|
Com. Reg. No.: |
33085508 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and
sales of paper products |
|
|
|
|
No. of Employees : |
3,053 |
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 – 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: |
No.1, Sec.1, Ming Sheng Rd., Banqiao Dist., New Taipei City 220, Taiwan
(R.O.C.) |
|
Supplied Address: |
NO. 1, SEC.1,MING SHENG ROAD, PAN CHIAO DISTRICT, NEW TAIPEI CITY,
TAIWAN |
|
Telephone Number: |
+886-2-2222-5131 |
|
Fax Number: |
Notes: The exact
name and address are as above.
|
Registered Name: |
CHENG LOONG CORPORATION |
|
Registered
Address: |
No.1, Sec.1, Ming
Sheng Rd., Banqiao Dist., New Taipei City 220, Taiwan (R.O.C.) |
|
Date of Foundation: |
1959-2-4 |
|
Registration
Number: |
33085508 |
|
Registry: |
Department of
Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered
Capital: |
NTD 11,000,000,000 (USD 364,100,000) (As of 2014.09, 1
NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 10,733,682,410
(USD 355,284,888) |
|
Legal
Representatives: |
Shuyun Zheng |
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
About
3,053 Employees (Taiwan) About 3,094 Employees
(the mainland of China) About 635
Employees (Vietnam) (As of 2014-5-9) |
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 1959-2-4 with registered number 33085508 as Joint Stock Company in Taiwan.
Subject listed on Taiwan stock exchange on 1979-9-10.
Factories
|
1 |
|
|
Name: |
Banqiao Plant |
|
Address: |
No.10, Lane 581, Yuanshan Rd., Zhonghe Dist., New Taipei City, Taiwan (R.O.C.) |
|
Date of Foundation: |
1969-1-1 |
|
Date of Registration: |
1973-8-1 |
|
Factory Registration Number: |
99619287 |
|
Factory Manager: |
Wensen Wu |
|
Status: |
In production |
|
Date of Last
Annual Return: |
2003-12-8 |
|
Major Products: |
152 Paper container 151 Pulp, paper and paper plate |
|
2 |
|
|
Name |
I-lan Plant |
|
address |
No. 1, Tzchiang Rd., Suao Jen, Ilan, Taiwan 270 |
|
Tel |
+886-3-990-8588 |
|
Fax |
+886-3-990-8590 |
|
3 |
|
|
Name |
Ta-yuan Mill |
|
address |
No. 116, Dagung Rd., Lin 15, Beigang Tsuen, Dayuan Shiang, Taoyuan County 337, Taiwan (R.O.C.) |
|
Tel |
+886-3-386-8311 |
|
Fax |
+886-3-386-6372 |
|
4 |
|
|
Name |
Ta-yuan Plant |
|
address |
No.36, Ln. 511, Sec. 2, Zhongzheng E. Rd., Wuchuan Tsuen, Dayuan Township, Taoyuan County 337, Taiwan (R.O.C.) |
|
Tel |
+886-3-381-1911 |
|
Fax |
+886-3-381-3950、381-7717 |
|
5 |
|
|
Name |
Chu-pei Mill |
|
address |
No. 300, Sec.2,Chiang Ching Rd., Ta-I Li, Chupei City, Hsinchu County 302, Taiwan (R.O.C.) |
|
Tel |
+886-3-556-1226~8 |
|
Fax |
+886-3-556-1236 |
|
6 |
|
|
Name |
Hsin-chu Mill |
|
address |
No. 308, Nioupu Rd., Jungpu Li, Hsinchu300, Taiwan (R.O.C.) |
|
Tel |
+886-3-538-8193 |
|
Fax |
+886-3-538-7548 |
|
7 |
|
|
Name |
Miao-li Plant |
|
address |
No. 10, Zhonglong 3rd Rd., Jungping Tsuen, Tongluo Township, Miaoli County 366, Taiwan (R.O.C.) |
|
Tel |
+886-37-230-661 |
|
Fax |
+886-37-230-660 |
|
8 |
|
|
Name |
Hou-li Mill |
|
address |
No.2, Sanfeng Rd., Guangfu Tsuen ,Houli Dist., Taichung City 421, Taiwan (R.O.C.) |
|
Tel |
+886-4-2556-5160 |
|
Fax |
+886-4-2557-2303, 2556-3688 |
|
9 |
|
|
Name |
Taichung Plant |
|
address |
No.532, Zili Rd., Wuqi Dist., Taichung City 435, Taiwan (R.O.C.) |
|
Tel |
+886-4-2630-1919 |
|
Fax |
+886-4-2639-275 |
|
10 |
|
|
Name |
Ta-lin Plant |
|
address |
No.20, Linzitou, Sanho Li, Dalin Township, Chiayi County 622, Taiwan (R.O.C.) |
|
Tel |
+886-5-295-3110 |
|
Fax |
+886-5-295-0051 |
|
11 |
|
|
Name |
Yen-Chao Plant |
|
address |
No.130, Zhong’an Rd., Anjau Tsuen, Yanchao Dist., Kaohsiung City 824, Taiwan (R.O.C.) |
|
Tel |
+886-7-616-1511 |
|
Fax |
+886-7-616-1510.6161519 |
Related Companies
|
Shan Loong Transportation Co., Ltd. Business Scope: container forwarding, bulk cargo forwarding, car repair, custom Brokerage, car inspection,and gasoline station. Add：1F, No.1-2, Sec.1, Minsheng Rd., Panchiao Dist., New Taipei City 220, Taiwan (R.O.C.) Tel：+886-2-2959-9611,2964-7373 Fax：+886-2-2959-9411 Ta-Yuan Co-generation Co., Ltd. Business Scope: steam-electric co-generation business, steam-electric co-generation operation, steam-electric co-generation system design consulting, incinerator plant operation, energy consulting services, steam-Electric co-generation equipment import & export. Add：No. 2-6, Lin 14, Beigang Tsuen, Dayuan Shiang, Taoyuan County 337, Taiwan (R.O.C.) Tel：+886-3-386-8066 Fax：+886-3-385-1880 Shan Fu Paper Co.,Ltd. Business Scope: business forms (Business form, envelope, laser printing products, RFID label, ATM paper rolls, invoice, bond paper, EDC signed bills, thermal paper rolls, forms, copy paper) , printing service, outputing and inserting for the aforementioned products. ADD：No.36-1, Ln. 511, Sec. 2, Zhongzheng E. Rd., Wuchuan Tsuen, Dayuan Township, Taoyuan County 337, Taiwan (R.O.C.) TEL：+886-3-3811421~9 FAX：+886-3-3811420 Gemtech Optoelectronics Corp. Business Scope: Mainly film production; ITO Glass, Multi-Layer Film, Dipping Glass etc. Add：No. 5-2, Jilin Rd., Jungli Industrial Park, Jungli City, Taoyuan County 320, Taiwan (R.O.C.) Tel：+886-3-434-2538 Fax：+886-3-434-2539 Sun Favorite Co., Ltd. Business scope: general trade business with the speciality of import and export of linerboard, corrugating medium and raw materials.import of premium grape wines & single malt scotch whisky , blended scotch whisky. Add：20F, No.3, Sec.1, Minsheng Rd., Panchiao Dist., New Taipei City 220, Taiwan (R.O.C.) Tel：+886-2-2959-9788 Fax：+886-2-2959-9777 Shin Loong Lifecare Corp. Business Scope: Add：6F,7F,No.3, Sec.1, Minsheng Rd., Panchiao Dist., New Taipei City 220, Taiwan (R.O.C.) Tel：+886-2-2959-9999,2959-9977 Fax：+886-2-2959-5375~6 Ko Loong Industry Co., Ltd. Business scope: SMC /BMC material production、product development、finish product Making-car parts、bathroom construction materials, mechanical & electrical components. Add：No. 2, Zhonglong 2nd Rd., Jungping Tsuen, Tongluo Township, Miaoli County 366, Taiwan (R.O.C.) Tel：+886-37-220-092 Fax：+886-37-220-505 Yueh Loong Co., Ltd. Business Scope: teppanyaki, croissant bakery, Hung Fengflower shop, gymnasium, banquet restaurants. Add：1F-1, No. 33, Sec. 1, Minsheng Rd., Panchiao Dist., New Taipei City 220, Taiwan (R.O.C.) Tel：+886-2-2959-9191 Fax：+886-2-2959-9636 Cheng Loong Investment Co., Ltd.(Taiwan) Business scope: negotiable securities investment Add：20F, No.33, Sec.1, Minsheng Rd., Panchiao Dist., New Taipei City 220, Taiwan (R.O.C.) Tel：+886-2-2959-9966 Fax：+886-2-2959-7197 Shanghai Chung Loong Paper Co. Ltd Business scope: 1. Corrugated medium paper; 2. Kraft paperboard for surface mounting Add: No. 489, Xiupu Road, Pudong New District, Shang Hai, China Tel: +86-21-58129798 Fax: +86-21-58128986
Shanghai Chung Hao Paper Processing Co. Ltd Business scope: 1. Corrugated medium paper; 2. Kraft paperboard for surface mounting; 3. Corrugated paper carton; 4. Color paper box (dressing paper carton) Add: No. 399, Xiupu Road, Pudong New District, Shang Hai, China Tel: +86-21-58128866 Fax: +86-21-38120026
Shan Fu Paper (Kunshan) Co. Ltd Business scope: 1. Corrugated medium paper; 2. Kraft paperboard for surface Mounting; 3. Corrugated paper carton; 4. Color paper box (dressing paper carton) Add: NO.98 B Zone, Gui Lin Road, Export Processing Zone, KunShan City, Jiangsu Province, China Tel: +86-512-57721118 Fax: +86-512-57717605
Long Fu Paper (KUNSHAN) Co. Ltd Bussiness Scope: Corrugated paperboard, Corrugated container, Display corrugated carton Add: West Side, Qianhua Road, Dianshan Lake Town, Kunshan City, Jiangsu Province, China Tel: +86-512-5749-8808 Fax: +86-512-5749-2208
Kunshan Kunfu Paper Co. Ltd Bussiness Scope: Corrugated paperboard, Corrugated container, Display corrugated carton Add: West Side, Qianhua Road. Dianshan Lake Town, Kunshan City, Jiangsu Province, China Tel: +86-512-5749-8808 Fax: +86-512-5749-2208
Suzhou Cheng Loong Paper Co. Ltd Bussiness Scope: Corrugated medium paper, Kraft paperboard for surfa mounting, Corrugated paper carton, Color paper box (display corrugated container) Add: No. 162 Taisan Road, Suzhou New District, Jiangsu Province, China Tel: +86-512-66654808 Fax: +86-512-66654810
Suzhou Fu Far Paper Co. Ltd Bussiness Scope: Corrugated paperboard, Paper mold, Paper pallet, Core paper, Paper container and pulp mold packaging materials Add: No. 162 Taisan Road, Suzhou New District, Jiangsu Province, China Tel: +86-512-6665-4808 Fax: +86-512-6665-4810 Yantai Loong Fu Paper Co. Ltd Bussiness Scope: Corrugated paperboard, Corrugated container, Display corrugated carton Add: 18-8A Hengshan Road, Yantai Kaifaqu, Shandong, China Tel: +86-535-6110886 Fax: +86-535-6110898
Qingdao Chung Loong Paper Co. Ltd Bussiness Scope: Corrugated container Add: Taek Wang Road Liouan Zhuang Town, Laixi City, Qingdao China Tel: +86-0532-86491461 Fax: +86-0532-86491464
Tian Jin Zhong Long Paper Co., Ltd Bussiness Scope: Corrugated container, Display corrugated carton Add: No.18 HuangShan North Road Hangu District Tianjin（No.4, Building.B Tong chang.jinbin science Technology Innovation Industry Park.） Tel: +86-022-67158566 Fax: +86-022-67158569 CRYSTALYTE Co, Ltd Business scope: 1. Corrugated paper carton; 2. Kraft paperboard for surface mounting; 3. Color paper box (dressing paper carton) Add: The Fourth Rd., Yue Yuan Industrial Estate, Huang Jiang Town, Dong Guan City, Guang Dong Province, China Tel: +86-769-8630032 Fax: +86-769-8630031 Donggun Kwoon Loong Paper Products Co. Ltd Bussiness Scope: Packaging decoration printing Add: Longjiantian Village Huangjilang town Donguan City Guangdong, China Tel: +86-769-8384-8031 Fax: +86-769-8384-8030
Cheng Loong (Gwangtung) Paper Co. Ltd Bussiness Scope: Corrugated paperboard, Corrugated container, Display corrugated carton Add: Dong Yie Street Industry District HouJie Town DongGuan City, GuangDong, China Tel: +86-769-8227-3288 Fax: +86-769-8227-3289
Zhangzhou ChengLoong Paper Co. Ltd Bussiness Scope: Manufacturing all kinds of high-grade cardboard, cartons, color box, paper tray,pulp molding and all kinds of paper products, processed products: foam, foam bags (cloth), Anti-static bags and plastic cushioning packaging materials, and provide after-sales service. Add: Guan Shan Industrial Zone, Changtai，Zhangzhou, Fujian, China Tel: +86-0596-8313035~8 Fax: +86-0596-8313039
Ming Fong Plastic (Dong Guan) Co. Ltd Bussiness Scope: mold development, plastic injection molding, spray painting, printing and assembly jobs Add: Yinhe Road, Xinan District, Shijie Town, Dong Guan City, Guang Dong Province, China Tel: +86-769-86322156 Fax: +86-769-86323435
Dongguan Ming Loong Paper Co., Ltd Bussiness Scope: Corrugated container, Display corrugated carton Add: No.3, North 4, Lane Hetian Dadao, Houjie Town, DongGuan City, GuangDong, China Tel: +86-769-88632888 Fax: +86-769-82273289 Chung Ming International CO., LTD. Bussiness Scope: International Trade, Temporary woker, service Add: 8F, No.3, Sec. 1, Minsheng Road, Banchiau City, Taipei, Taiwan Tel: +02-29599505 Fax: +02-22221155 TAWANA CONTAINER CO., LTD. Bussiness Scope: corrugated container procesing and manufacturing Add: 599 Moo, 4 Pattana 1 Road, T. Praksa, A. Muang Samutprakarn Samutprakarn 10280 Thailand Tel: +662-3240781~5 .7093143~6 .7093006 Fax: +662-3240786,3240079 VINA TAWANA CONTAINER CO., LTD. Bussiness Scope: corrugated container processing and manufacturing Add: Nhon Trach III Industrial Zone, Nhon Trach District, Dong Nai Province, Vietnam Tel: +84-61-3560198-199 Fax: +84-61-3560197~454 Cheng Loong Binh Duong Container CO., LTD. Bussiness Scope: corrugated container processing and manufacturing Add: CN8 N6 Road Song Than 3 Industrial Zone Tan Uyen County Binh Duong Province Tel: +84-65-03636909 Fax: +84-65-03636900 Yamahatsu Nihon Co., Ltd. Bussiness Scope: general trade bussiness with the speciality of import and export of linerborad. corrugating medium and raw materials Add: 104-00614-6 Ginza 3-chome chuo-ku, Tokyo, Japan Cheng Loong Ginza Bldg. 7F Tel: +81-3-5250-0928 Fax: +81-3-5250-0938 TZENG LOONG(U.S.A) INC. 2801 South Vail Ave, Commerce,Ca 90040,U.S.A. Tel: +1-323-722-5353 Fax: +1-323-722-5311 Chung Loong Paper Holdings Limited Corporate Filing Services Limited, 4th Floor, Harbour Center, P.O.Box 613. Grand Cayman Ky-1107, Cayman Islands. CorAsia Corporation 2180 Ringwood Ave., San Jose, CA 95131, U.S.A. Tel: +1-408-321-8869 Fax: +1-408-321-8508 Email:info@corasiacorp.com Website:www.corasiacorp.com |
|
|
Branches
|
1 |
|
|
Name |
Chubei Branch |
|
Registered Address |
No.300, Sec. 2, Changqing Rd., Zhubei City, Hsinchu County, Taiwan (R.O.C.) |
|
Registration Number |
53656511 |
|
Date of Registration |
2012-9-4 |
|
Manager Name |
Shuyun Zheng |
|
2 |
|
|
Name |
Houli Branch |
|
Registered Address |
No.2, Sanfeng Rd., Houli Dist., Taichung City, Taiwan (R.O.C.) |
|
Registration Number |
55053563 |
|
Date of Registration |
1986-8-13 |
|
Manager Name |
Shuyun Zheng |
|
Date of Last Annual Return |
2010-8-30 |
Major Shareholders
|
Name |
Subscription Shares |
|
Shuyun Zheng |
10,755,097 |
|
Renming Zheng |
|
|
8,717,894 |
|
|
Yanhao Chen |
11,820,692 |
|
Shan-Loong Transportation Co., Ltd. |
19,376,137 |
|
Wenjing Development Co. Ltd
(Liberal Translation) |
33,284,507 |
|
Sun Favorite Co., Ltd. |
21,690,078 |
|
Ran Yun Co., Ltd. |
19,747,733 |
|
Yongji Wang |
66,393 |
|
Yaoming Yang |
303 |
|
Shan Fu Corrugated Carton Co., Ltd. |
23,735,109 |
|
Ming Foong Plastic Co., Ltd. |
15,031,611 |
Shareholder
Information:
|
1 |
|
|
Registered Name: |
Shan-Loong Transportation Co., Ltd. |
|
Registered
Address: |
1F., No.1-2, Sec.
1, Minsheng Rd., Banqiao Dist., New Taipei City 220, Taiwan (R.O.C.) |
|
Date of
Foundation: |
1976-4-6 |
|
Registration
Number: |
33983853 |
|
Registry: |
Department of
Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered
Capital: |
NTD 1,500,000,000
(USD 49,650,000) (As of 2014.09, 1
NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 1,130,087,460
(USD 37,405,895) |
|
Legal
Representatives: |
Wenming Zheng |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual
Return: |
2014-7-8 |
|
2 |
|
|
Registered Name: |
Wenjing Development Co. Ltd
(Liberal Translation) |
|
Registered
Address: |
26F., No.33, Sec.
1, Minsheng Rd., Banqiao Dist., New Taipei City 220, Taiwan (R.O.C.) |
|
Date of
Foundation: |
1981-9-3 |
|
Registration
Number: |
05097171 |
|
Registry: |
New Taipei City
Government |
|
Registered
Capital: |
NTD 66,000,000
(USD 2,184,600) (As of 2014.09, 1
NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 66,000,000
(USD 2,184,600) |
|
Legal
Representatives: |
Zhenglong Zheng |
|
Legal Form: |
Joint Stock Company |
|
Date of Last
Annual Return: |
2014-2-18 |
|
3 |
|
|
Registered Name: |
Ran Yun Co., Ltd. |
|
Registered
Address: |
26F., No.33, Sec.
1, Minsheng Rd., Banqiao Dist., New Taipei City 220, Taiwan (R.O.C.) |
|
Date of
Foundation: |
1994-7-5 |
|
Registration
Number: |
84993215 |
|
Registry: |
New Taipei City
Government |
|
Registered
Capital: |
NTD 30,000,000
(USD 993,000) (As of 2014.09, 1
NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 30,000,000
(USD 993,000) |
|
Legal
Representatives: |
Zhenglong Zheng |
|
Legal Form: |
Joint Stock Company |
|
Date of Last
Annual Return: |
2014-8-28 |
|
4 |
|
|
Registered Name: |
Sun Favorite Co., Ltd. |
|
Registered
Address: |
20F., No.3, Sec. 1,
Minsheng Rd., Banqiao Dist., New Taipei City 220, Taiwan (R.O.C.) |
|
Date of
Foundation: |
1996-10-28 |
|
Registration
Number: |
97249941 |
|
Registry: |
New Taipei City
Government |
|
Registered
Capital: |
NTD 100,000,000
(USD 3,310,000) (As of 2014.09, 1
NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 100,000,000
(USD 3,310,000) |
|
Legal
Representatives: |
Juanjuan Lu |
|
Legal Form: |
Joint Stock Company |
|
Date of Last
Annual Return: |
2014-8-29 |
|
5 |
|
|
Registered Name: |
Shan Fu Corrugated Carton Co., Ltd. |
|
Registered
Address: |
No.36-1, Ln. 511,
Sec. 2, Zhongzheng E. Rd., Dayuan Township, Taoyuan County 33744, Taiwan
(R.O.C.) |
|
Date of
Foundation: |
1981-12-5 |
|
Registration
Number: |
34472149 |
|
Registry: |
MOEA Central
Office |
|
Registered
Capital: |
NTD 199,000,000
(USD 6,586,900) (As of 2014.09, 1
NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 199,000,000
(USD 6,586,900) |
|
Legal
Representatives: |
Zhenglong Zheng |
|
Legal Form: |
Joint Stock Company |
|
Date of Last
Annual Return: |
2014-7-31 |
|
6 |
|
|
Registered Name: |
Ming Foong Plastic Co., Ltd. |
|
Registered
Address: |
26F., No.33, Sec.
1, Minsheng Rd., Banqiao Dist., New Taipei City 220, Taiwan (R.O.C.) |
|
Date of
Foundation: |
1966-12-7 |
|
Registration
Number: |
35124702 |
|
Registry: |
New Taipei City
Government |
|
Registered
Capital: |
NTD 107,800,000
(USD 3,568,180) (As of 2014.09, 1
NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 107,800,000
(USD 3,568,180) |
|
Legal
Representatives: |
Zhenglong Zheng |
|
Legal Form: |
Joint Stock Company |
|
Date of Last
Annual Return: |
2013-12-27 |
Core Management
Directors
|
1 |
||
|
Name |
Shuyun Zheng |
|
|
Position |
Board Chairman |
|
|
2 |
||
|
Name |
Renming Zheng |
|
|
Position |
Deputy Chairman |
|
|
3 |
||
|
Name |
Yanhao Chen |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Wenming Chen |
|
|
Position |
Director |
|
|
5 |
||
|
Name |
Donghe Cai |
|
|
Position |
Director |
|
|
6 |
||
|
Name |
Qinghui You |
|
|
Position |
Director |
|
|
7 |
||
|
Name |
Xufeng He |
|
|
Position |
Director |
|
|
8 |
||
|
Name |
Yongji Wang |
|
|
Position |
Independent Director |
|
|
9 |
||
|
Name |
Yaoming Yang |
|
|
Position |
Independent Director |
|
|
10 |
||
|
Name |
Shiyang Zhang |
|
|
Position |
Supervisor |
|
|
11 |
||
|
Name |
Nianqing Huang |
|
|
Position |
Supervisor |
|
|
12 |
||
|
Name |
Donghe Cai |
|
|
Position |
Manager |
|
|
Date of Appointment |
1986-5-1 |
|
Personnel Structure
|
Total Employees |
About 3,053
Employees (Taiwan) About 3,094
Employees (the mainland of China) About 635
Employees (Vietnam) (As of 2014-5-9) |
Offices & Factories
|
|
Headquarters |
|
Add |
No.1, Sec.1, Ming Sheng Rd., Banqiao Dist., New Taipei City 220, Taiwan (R.O.C.) |
Production Information
Subject is engaged in manufacturing of paper products and etc.
Subject has 11 factories in Taiwan for production.
Subject obtained the certifications of ISO 9000, ISO14001, ISO14064 and OHSAS 18001
It is introduced that subject’s production capacity of 2.2 million metric tons in paper and paperboard as well as 1,947 million square meters.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
C601010 |
Manufacturing of pulp. |
|
C601020 |
Manufacturing of paper. |
|
C601030 |
Manufacturing of paper container. |
|
C601040 |
Manufacturing of processed paper. |
|
C601050 |
Manufacturing of sanitary paper and household paper. |
|
C702010 |
Manufacturing of plate. |
|
D101050 |
Combined heat and power industry. |
|
E603050 |
Project of automatic control equipment. |
|
E701010 |
Project of telecommunication. |
|
F111090 |
Wholesales of construction materials. |
|
F113010 |
Wholesales of machinery. |
|
F113020 |
Wholesales of electrical appliances. |
|
F113050 |
Wholesales of computer and office equipment. |
|
F113100 |
Wholesales of pollution-prevention equipment. |
|
F113110 |
Wholesales of battery. |
|
F118010 |
Wholesales of information software. |
|
F301020 |
Supermarket industry. |
|
G202010 |
Parking operating industry. |
|
H701010 |
Renting and sales of residence and building. |
|
I301010 |
Services for information software. |
|
I401010 |
General advertisement services. |
|
I501010 |
Designing for products. |
|
IF04010 |
Non-destructive testing industry. |
|
J101030 |
Waste removal industry. |
|
J101040 |
Waste disposal industry. |
|
D101040 |
Non-public power generating industry. |
|
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.
Subject is engaged in sale of paper products and etc.
The major products include industrial paper, corrugated container, paper & board, household paper and so on.
Subject’s sales regions include Asia, America, Europe and etc.
Subject’s major customers are packaging industry, construction industry, supermarket, department stores and etc.
It is introduced that subject has its own brand of household paper named “Aadante”.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw materials and
etc |
|
Payment Terms |
T/T, cash and etc |
Import
|
Products |
Raw materials and
etc |
|
Payment Terms |
T/T, L/C and etc |
Sales
Domestic Markets
|
Product |
Paper products and
etc. |
|
Selling Terms |
T/T, cash and etc |
Export
|
Product |
Paper products and
etc. |
|
Selling Terms |
T/T, L/C and etc |
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 sources we could not obtain such information,
either.
Unit: NTD/000
|
|
2013-12-31 |
2012-12-31 |
|
Assets |
|
|
|
Current assets |
|
|
|
Cash and cash equivalents |
|
|
|
Total cash and cash equivalents |
3,612,358 |
3,444,634 |
|
Accounts receivable, net |
|
|
|
Accounts receivable, net |
9,847,644 |
10,032,548 |
|
Accounts receivable due from related parties, net |
|
|
|
Accounts receivable due from related parties, net |
928,861 |
894,460 |
|
Inventories |
|
|
|
Inventories, manufacturing business |
|
|
|
Inventories, manufacturing business, net |
5,655,330 |
6,907,979 |
|
Inventories (for construction business) |
|
|
|
Inventories (for construction business), net |
1,556,771 |
966,054 |
|
Total inventories |
7,212,101 |
7,874,033 |
|
Non-current assets classified as held for sale, net |
|
|
|
Non-current assets classified as held for sale, net |
0 |
0 |
|
Other current assets |
|
|
|
Other current assets, others |
1,339,057 |
1,456,198 |
|
Total other current assets |
1,339,057 |
1,456,198 |
|
Total current assets |
22,940,021 |
23,701,873 |
|
Non-current assets |
|
|
|
Non-current available-for-sale financial assets |
|
|
|
Non-current available-for-sale financial assets, net |
265,574 |
250,592 |
|
Non-current financial assets at cost |
|
|
|
Non-current financial assets at cost, net |
98,177 |
98,177 |
|
Investments accounted for using equity method |
|
|
|
Investments accounted for using equity method, net |
877,605 |
834,266 |
|
Property, plant and equipment |
|
|
|
Total property, plant and equipment |
30,326,451 |
29,320,064 |
|
Investment property, net |
|
|
|
Investment property, net |
1,124,829 |
1,172,751 |
|
Deferred tax assets |
303,250 |
359,111 |
|
Other non-current assets |
|
|
|
Non-current prepayments for investments |
0 |
0 |
|
Other non-current financial assets |
|
|
|
Total other non-current financial assets |
187,335 |
151,547 |
|
Long-term prepaid rents |
1,167,161 |
1,155,833 |
|
Other non-current assets, others |
|
|
|
Total other non-current assets, others |
128,226 |
141,114 |
|
Total other non-current assets |
1,482,722 |
1,448,494 |
|
Total non-current assets |
34,478,608 |
33,483,455 |
|
Total assets |
57,418,629 |
57,185,328 |
|
Total assets(USD) |
1,900,556,620 |
1,892,834,357 |
|
Liabilities |
|
|
|
Current liabilities |
|
|
|
Short-term borrowings |
|
|
|
Total short-term borrowings |
10,496,728 |
9,661,541 |
|
Accounts payable |
|
|
|
Total accounts payable |
5,573,292 |
5,683,846 |
|
Accounts payable to related parties |
|
|
|
Total accounts payable to related parties |
867,472 |
776,334 |
|
Other current liabilities |
|
|
|
Advance receipts |
|
|
|
Total advance receipts |
0 |
0 |
|
Long-term liabilities, current portion |
|
|
|
Total long-term liabilities, current portion |
1,988,705 |
2,072,137 |
|
Other current liabilities, others |
2,796,887 |
2,916,707 |
|
Total other current liabilities |
4,785,592 |
4,988,844 |
|
Total current liabilities |
21,723,084 |
21,110,565 |
|
Non-current liabilities |
|
|
|
Long-term borrowings |
|
|
|
Total long-term borrowings |
8,760,700 |
10,493,580 |
|
Deferred tax liabilities |
|
|
|
Total deferred tax liabilities |
814,239 |
678,718 |
|
Other non-current liabilities |
|
|
|
Accrued pension liabilities |
2,546,948 |
2,616,036 |
|
Other non-current liabilities, others |
392,716 |
439,531 |
|
Total other non-current liabilities |
2,939,664 |
3,055,567 |
|
Total non-current liabilities |
12,514,603 |
14,227,865 |
|
Total liabilities |
34,237,687 |
35,338,430 |
|
Equity |
|
|
|
Equity attributable to owners of parent |
|
|
|
Share capital |
|
|
|
Ordinary share |
10,733,682 |
10,733,682 |
|
Total capital stock |
10,733,682 |
10,733,682 |
|
Capital surplus |
|
|
|
Total capital surplus |
1,167,675 |
1,167,675 |
|
Retained earnings |
|
|
|
Legal reserve |
1,924,706 |
1,812,130 |
|
Special reserve |
430,574 |
0 |
|
Unappropriated retained earnings (accumulated deficit) |
|
|
|
Total unappropriated retained earnings (accumulated deficit) |
4,102,932 |
3,995,929 |
|
Total retained earnings |
6,458,212 |
5,808,059 |
|
Other equity interest |
|
|
|
Exchange differences on translation of foreign financial statements |
|
|
|
Total exchange differences on translation of foreign financial statements |
116,528 |
-321,923 |
|
Unrealized gains (losses) on available-for-sale financial assets |
|
|
|
Total unrealized gains (losses) on available-for-sale financial assets |
119,782 |
89,767 |
|
Total other equity interest |
236,310 |
-232,156 |
|
Treasury shares |
0 |
0 |
|
Total equity attributable to owners of parent |
18,595,879 |
17,477,260 |
|
Non-controlling interests |
4,585,063 |
4,369,638 |
|
Total equity |
23,180,942 |
21,846,898 |
|
Total equity(USD) |
767,289,180 |
723,132,324 |
|
Equivalent issue shares of advance receipts for ordinary share |
0 |
0 |
|
Number of shares in entity held by entity and by its subsidiaries |
0 |
0 |
(As of 2014.09, 1
NTD = 0.0331 USD)
Unit: NTD/000
|
|
2013 |
2012 |
|
Operating revenue |
|
|
|
Total operating revenue |
43,763,281 |
46,013,102 |
|
Total operating revenue (USD) |
1,448,564,601 |
1,523,033,676 |
|
Operating costs |
|
|
|
Total operating costs |
37,093,100 |
38,059,567 |
|
Gross profit (loss) from operations |
6,670,181 |
7,953,535 |
|
Gross profit (loss) from operations |
6,670,181 |
7,953,535 |
|
Operating expenses |
|
|
|
Selling expenses |
|
|
|
Total selling expenses |
2,637,012 |
2,865,881 |
|
Administrative expenses |
|
|
|
Total administrative expenses |
2,254,849 |
2,476,022 |
|
Research and development expenses |
|
|
|
Total research and development expenses |
123,455 |
108,390 |
|
Total operating expenses |
5,015,316 |
5,450,293 |
|
Net operating income (loss) |
1,654,865 |
2,503,242 |
|
Non-operating income and expenses |
|
|
|
Other income |
|
|
|
Total other income |
57,089 |
65,642 |
|
Other gains and losses |
|
|
|
Other gains and losses, net |
234,371 |
9,136 |
|
Finance costs |
|
|
|
Finance costs, net |
569,471 |
705,380 |
|
Share of profit (loss) of associates and joint ventures accounted for using equity method |
|
|
|
Share of profit (loss) of associates and joint ventures accounted for using equity method, net |
66,302 |
62,449 |
|
Total non-operating income and expenses |
-211,709 |
-568,153 |
|
Profit (loss) from continuing operations before tax |
1,443,156 |
1,935,089 |
|
Tax expense (income) |
|
|
|
Total tax expense (income) |
326,661 |
456,991 |
|
Profit (loss) from continuing operations |
1,116,495 |
1,478,098 |
|
Profit (loss) |
1,116,495 |
1,478,098 |
|
Profit (loss) (USD) |
36,955,985 |
48,925,044 |
|
Other comprehensive income |
|
|
|
Exchange differences on translation |
832,210 |
-541,033 |
|
Unrealised gains (losses) on valuation of available-for-sale financial assets |
14,982 |
49,383 |
|
Actuarial gains (losses) on defined benefit plans |
92,450 |
-220,078 |
|
Share of other comprehensive income of associates and joint ventures accounted for using equity method |
|
|
|
Total share of other comprehensive income of associates and joint ventures accounted for using equity method |
17,263 |
4,962 |
|
Income tax related to components of other comprehensive income |
89,803 |
-65,935 |
|
Other comprehensive income, net |
867,102 |
-640,831 |
|
Total comprehensive income |
1,983,597 |
837,267 |
|
Profit (loss), attributable to: |
|
|
|
Profit (loss), attributable to owners of parent |
1,201,985 |
1,128,122 |
|
Profit (loss), attributable to non-controlling interests |
-85,490 |
349,976 |
|
Comprehensive income attributable to: |
|
|
|
Comprehensive income, attributable to owners of parent |
1,762,640 |
650,082 |
|
Comprehensive income, attributable to non-controlling interests |
220,957 |
187,185 |
|
Basic earnings per share |
|
|
|
Total basic earnings per share |
1.12 |
1.05 |
(As of 2014.09, 1
NTD = 0.0331 USD)
Unit: NTD/000
|
|
2013 |
2012 |
|
Cash flows from (used in) operating activities, indirect method |
|
|
|
Profit (loss) from continuing operations before tax |
1,443,156 |
1,935,089 |
|
Profit (loss) before tax |
1,443,156 |
1,935,089 |
|
Adjustments |
|
|
|
Adjustments to reconcile profit (loss) |
|
|
|
Depreciation expense |
2,006,211 |
1,886,220 |
|
Amortization expense |
53,319 |
49,450 |
|
Provision (reversal of provision) for bad debt expense |
-19,596 |
-20,108 |
|
Interest expense |
569,471 |
705,380 |
|
Dividend income |
-14,420 |
-10,438 |
|
Share of loss (profit) of associates and joint ventures accounted for using equity method |
-66,302 |
-62,449 |
|
Loss (gain) on disposal of property, plan and equipment |
-10,120 |
19,818 |
|
Loss (gain) on disposal of investments accounted for using equity method |
-90 |
-27,570 |
|
Total adjustments to reconcile profit (loss) |
2,518,473 |
2,540,303 |
|
Changes in operating assets and liabilities |
|
|
|
Changes in operating assets |
|
|
|
Decrease (increase) in financial assets held for trading |
-19 |
1 |
|
Decrease (increase) in notes receivable |
-101,804 |
436,084 |
|
Decrease (increase) in notes receivable due from related parties |
1,666 |
4,796 |
|
Decrease (increase) in accounts receivable |
302,035 |
-657,507 |
|
Decrease (increase) in accounts receivable due from related parties |
-36,067 |
-75,630 |
|
Decrease (increase) in inventories |
683,496 |
-645,111 |
|
Decrease (increase) in prepayments |
-194,616 |
-22,915 |
|
Decrease (increase) in other current assets |
350,343 |
25,875 |
|
Decrease (increase) in other financial assets |
-117,910 |
56,689 |
|
Total changes in operating assets |
887,124 |
-877,718 |
|
Changes in operating liabilities |
|
|
|
Increase (decrease) in notes payable |
-9,807 |
22,118 |
|
Increase (decrease) in notes payable to related parties |
-9,201 |
9,201 |
|
Increase (decrease) in accounts payable |
-100,747 |
3,418 |
|
Increase (decrease) in accounts payable to related parties |
100,339 |
210,599 |
|
Increase (decrease) in other payable |
-119,165 |
238,226 |
|
Increase (decrease) in receipts in advance |
88,100 |
-21,344 |
|
Increase (decrease) in other current liabilities |
-62,683 |
64,180 |
|
Increase (decrease) in accrued pension liabilities |
-69,088 |
201,078 |
|
Increase (decrease) in other operating liabilities |
35,460 |
-182,250 |
|
Total changes in operating liabilities |
-146,792 |
545,226 |
|
Total changes in operating assets and liabilities |
740,332 |
-332,492 |
|
Total adjustments |
3,258,805 |
2,207,811 |
|
Cash inflow (outflow) generated from operations |
4,701,961 |
4,142,900 |
|
Dividends received |
49,446 |
42,397 |
|
Interest paid |
-568,470 |
-724,451 |
|
Income taxes refund (paid) |
-294,530 |
-232,260 |
|
Net cash flows from (used in) operating activities |
3,888,407 |
3,228,586 |
|
Cash flows from (used in) investing activities |
|
|
|
Acquisition of investments accounted for using equity method |
0 |
-20,100 |
|
Proceeds from disposal of investments accounted for using equity method |
5,304 |
0 |
|
Acquisition of property, plant and equipment |
-2,434,227 |
-2,517,108 |
|
Proceeds from disposal of property, plant and equipment |
229,686 |
168,266 |
|
Net cash inflows from business combination |
0 |
36,797 |
|
Increase in other financial assets |
-35,788 |
0 |
|
Decrease in other financial assets |
0 |
49,490 |
|
Increase in other non-current assets |
-14,457 |
-22,530 |
|
Increase in other prepayments |
0 |
-4,412 |
|
Net cash flows from (used in) investing activities |
-2,249,482 |
-2,309,597 |
|
Cash flows from (used in) financing activities |
|
|
|
Increase in short-term loans |
835,187 |
0 |
|
Decrease in short-term loans |
0 |
-960,695 |
|
Repayments of long-term debt |
-1,816,312 |
-658,720 |
|
Cash dividends paid |
-644,021 |
-322,011 |
|
Acquisition of ownership interests in subsidiaries |
0 |
-500,542 |
|
Disposal of ownership interests in subsidiaries (without losing control) |
0 |
556,158 |
|
Change in non-controlling interests |
-5,532 |
-50,629 |
|
Net cash flows from (used in) financing activities |
-1,630,678 |
-1,936,439 |
|
Effect of exchange rate changes on cash and cash equivalents |
159,477 |
-169,386 |
|
Net increase (decrease) in cash and cash equivalents |
167,724 |
-1,186,836 |
|
Cash and cash equivalents at beginning of period |
3,444,634 |
4,631,470 |
|
Cash and cash equivalents at end of period |
3,612,358 |
3,444,634 |
|
Cash and cash equivalents reported in the statement of financial position |
3,612,358 |
3,444,634 |
Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.
Mortgage
|
|
|
|
Case Type: |
Chattel Mortgage |
|
File No.: |
066164 |
|
Debtor Name: |
Cheng Loong
Corporation |
|
Document Number: |
570254 |
|
Date of
Registration: |
2000-6-1 |
|
|
|
|
Case Type: |
Chattel Mortgage |
|
File No.: |
049893 |
|
Debtor Name: |
|
|
Document Number: |
465059 |
|
Date of
Registration: |
1996-1-5 |
|
Date of
Alteration: |
1996-11-27 |
Lawsuit
|
Trial Number: |
2005, Beijian,
37120 |
|
Date of Trial: |
2006-3-27 |
|
Reason: |
Pay off secured
liabilities |
|
Claimant: |
Cheng Loong
Corporation |
|
Defendant: |
Tsin Tsin Corp. |
Interview Details
|
Name |
Ms. Shi |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
|
1 |
Rs.100.06 |
|
Euro |
1 |
Rs.78.46 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUM |
|
|
|
|
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.