|
Report Date : |
20.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
TAIWAN SURFACTANT CORP |
|
|
|
|
Registered Office : |
8FL., No.11, Sec.1, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
15.02.1979 |
|
|
|
|
Com. Reg. No.: |
12213318 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture and sales of surfactants. |
|
|
|
|
No. of Employees : |
110 |
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: |
8FL., No.11, Sec.1, Chung Shan North Road,
Taipei, Taiwan, R.O.C. |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2541-0022 |
|
Fax Number: |
+886-2-2542-3773 |
|
E-mail: |
Notes: The exact name and address are as above.
|
Taiwan Surfactant Corp |
|
|
Registered
Address: |
8FL., No.11, Sec.1, Chung Shan North Road, Taipei, Taiwan, R.O.C. |
|
Date of
Foundation: |
1979-2-15 |
|
Registration
Number: |
12213318 |
|
Registry: |
Taipei City Government |
|
Registered
Capital: |
NTD 365,000,000 (USD 12,081,500) (As of 2014.9, 1 NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 182,580,000 (USD 6,043,398) |
|
Legal
Representatives: |
Zhenghui Xie |
|
Legal Form: |
Joint Stock Company |
|
Principal
Activities: |
Manufacture and sales of surfactants. |
|
Staff: |
About 110 Employees |
|
Listed at Stock
Exchange: |
No |
|
Date of Last
Annual Return: |
2013-4-18 |
Subject was incorporated on
1979-2-15 with registered number 12213318 as Joint Stock Company in Taiwan.
Factories
|
1 |
|
|
Name: |
1st Factory |
|
Address: |
No. 514,
Cheng-Kung Rd, Sec. 1, Kwang-Inn Industrial Area, Taoyuan County, Taiwan |
|
Date of Foundation: |
1986-11-18 |
|
Date of Registration: |
1990-8-21 |
|
Factory Registration Number: |
99621999 |
|
Factory Manager: |
Zhenghui Xie |
|
Status: |
In Production |
|
Date of Last Annual Return: |
2009-8-20 |
|
Major Products: |
193 Cleaning Products |
|
Telephone Number: |
+886-3-483-9421 |
|
Fax Number: |
+886-3-483-9140 |
|
2 |
|
|
Name: |
Sino Surfactant (Shanghai) Co., Ltd (Liberal Translation) |
|
Address: |
No.111 Chun Hua Road, Jinshan Industry Zone No.2
Jinshan,Shanghai,China, 201512 |
|
Telephone Number: |
+86-21-6726-2323 |
|
Fax Number: |
+86-21-6726-1137 |
Offices
|
Name: |
Shanghai Office |
|
Address: |
Room 202,Liwei Technology Building, No.3203,Hongmei Road, Minhang
District ,Shanghai,201103 |
|
Telephone Number: |
+86-21-6405-2300/21-6405-2338 |
|
Fax Number: |
+86-21-6405-2332 |
Major Shareholders
|
Name |
Subscription Shares |
|
Zhenghui Xie |
3,173,960 |
|
Taiyng lian |
2,566,940 |
|
Zhenqi wu |
1,428,480 |
|
Zhengcheng Huang |
707,000 |
|
Suniang Zhang |
510,000 |
|
Xiumei Huang |
618,835 |
|
Zongren Wang |
1,503,000 |
|
Yan lin |
400,040 |
|
Shumei Jiangfan |
936,000 |
|
Xue’ e Pan |
419,520 |
Core Management
Directors
|
1 |
|
|
Name |
Zhenghui Xie |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Taiyng lian |
|
Position |
Executive
Director |
|
3 |
|
|
Name |
Zhenqi wu |
|
Position |
Executive
Director |
|
4 |
|
|
Name |
Zhengcheng Huang |
|
Position |
Director |
|
5 |
|
|
Name |
Suniang Zhang |
|
Position |
Director |
|
6 |
|
|
Name |
Xiumei Huang |
|
Position |
Director |
|
7 |
|
|
Name |
Zongren Wang |
|
Position |
Director |
|
8 |
|
|
Name |
Yan lin |
|
Position |
Director |
|
9 |
|
|
Name |
Shumei Jiangfan |
|
Position |
Director |
|
10 |
|
|
Name |
Xue’ e Pan |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 110 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
8FL., No.11, Sec.1, Chung Shan North Road, Taipei, Taiwan, R.O.C. |
Production Information
l
Subject is a manufacturer of surfactants and etc.
l
It is introduced that
subject has two factories in Taiwan and Shanghai City, the mainland of China
for production.
l
It is introduced that
subject has obtained ISO9001：2008 certification.
Purchase Information
l
The registered activities of subject:
|
|
Details |
|
1 |
Manufacture and sales of interfacial agent, Paint
raw materials, synthetic resin and other industrial materials except
poisonous and disposed products |
|
2 |
Sales of products of domestic and overseas
customers |
|
3 |
Import and export trading business of relevant
products |
|
4 |
Bidding service, price quoting service and other
service for domestic and overseas customers |
l
It is introduced that subject purchases its raw
materials and etc both at home and abroad.
l
It is introduced that subject imports some
technologies from Germany and etc.
l
The subject is mainly engaged in sales
of surfactants and etc.
l
It is introduced that
subject’s selling territory includes Asia, Europe, America and etc.
l
It is introduced that subject’s major customers are
manufacturers are textiles, leather products, plastic products and etc.
l
It is introduced that subject’s products are
applied to many industries, such as textiles, home and personal care products,
pesticide, plastic and electronics, etc
Major Products
|
|
Product |
|
1 |
Amphoteric surfactant |
|
2 |
Cationic surfactant |
|
3 |
Agricultural surfactant |
|
4 |
Personal care & household surfactant |
|
5 |
Miscellaneous |
|
6 |
Anionic surfactant |
|
7 |
Nonionic surfactant |
|
8 |
Textile auxiliaries |
|
9 |
Electronic chemicals |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Raw materials and etc |
|
Payment Terms |
T/T, cash and etc |
2.
Import
|
Products |
Raw materials and etc |
|
Payment Terms |
T/T, L/C and etc |
Sales
1.
Domestic Markets
|
Product |
Surfactants and etc. |
|
Selling Terms |
T/T, cash and etc |
2.
Export
|
Product |
Surfactants 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 Mr. Ma 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 |
Mr. Ma |
|
Department |
Sales Department |
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 : |
PDT |
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.