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Report No. : |
319803 |
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Report Date : |
28.04.2015 |
IDENTIFICATION DETAILS
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Name : |
DYEXCEL CHEMICAL INDUSTRIAL CORPORATION |
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Registered Office : |
No.14, Ching Chien 5 Rd., Guanyin Dist, Taoyuan City 328 |
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Country : |
Taiwan |
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Date of Incorporation : |
27.09.1997 |
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Com. Reg. No.: |
16230703 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and Sale of Chemicals |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Taiwan |
A2 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
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Restricted |
C2 |
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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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.14, Ching
Chien 5 Rd., Shulin Village, Guanyin Industrial Dist., Guanyin
Dist, Taoyuan City 328, Taiwan (R.O.C.) |
|
Supplied Address: |
NO 14, CHIN -KHEN 5 TH RD KUAN-YIN
INDUSTRIAL ZONE , TAO -YUAN HSIEN , TAIWAN |
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Telephone Number: |
+886-3-483-6008 |
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Fax Number: |
Note: The exact name and address are as above.
Note: Subject declined to disclose its staff number, and from other source we can’t
obtain the information, either.
Subject was incorporated
on 1997-9-27 with registered number 16230703
as Joint Stock Company in Taiwan.
Factory
|
Address: |
No.14, Ching Chien 5 Rd., Guanyin Dist, Taoyuan
City 328, Taiwan (R.O.C.) |
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Date of Foundation: |
1993-9-7 |
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Date of Registration: |
1994-10-4 |
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Factory Registration Number: |
99622973 |
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Factory Manager: |
Jisheng Chen |
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Status: |
In Production |
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Date of Last Annual Return: |
2015-2-9 |
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Major Products: |
192 Paints, dyes and pigments |
Major Shareholders
|
Name |
Subscription Shares |
|
Jisheng Chen |
5,634,623 |
|
Tongbo Gao |
|
|
5,619,717 |
|
|
Jincheng Wang |
188,020 |
|
Dongming Li |
940,100 |
Core Management
Directors
|
1 |
||
|
Name |
Jisheng Chen |
|
|
Position |
Board Chairman |
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2 |
||
|
Name |
Tongbo Gao |
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Position |
Director |
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3 |
||
|
Name |
Jincheng Wang |
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Position |
Director |
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|
4 |
||
|
Name |
Dongming Li |
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Position |
Supervisor |
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|
|
Headquarters |
|
Add |
No.14, Ching Chien 5 Rd., Shulin Village, Guanyin Industrial Dist., Guanyin Dist, Taoyuan City 328,
Taiwan (R.O.C.) |
Production
Information
Subject is engaged in manufacturing and sale of chemicals, etc.
Purchase
Information
The registered activities of subject:
|
1 |
Manufacturing and sale of all kinds of various dyes, textile dyeing
auxiliaries and other chemicals |
|
2 |
Manufacturing and sale of dye intermediates, pigment intermediates |
|
3 |
Trading of the related products for above affairs |
|
4 |
Distribution business for above affairs |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
The components and raw material for production are mostly purchased in
domestic market.
· Subject is engaged in sale of chemicals, etc.
· The major products are acid dyes, reactive dyes and leather dyes, etc.
· Subject’s sales regions include Taiwan domestic market, the mainland of China and Southeast Asia, etc.
· Subject’s major customers are manufacturers of textile, shoes and bags, etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
PURCHASE
Domestic Purchase
|
Products |
Raw material, etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
Subject has little import.
SALES
Domestic Markets
|
Product |
Chemicals, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Chemicals, etc. |
|
Selling Terms |
L/C, T/T, 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.
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. li |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.61 |
|
|
1 |
Rs.96.55 |
|
Euro |
1 |
Rs.69.18 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
|
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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 |
-- |
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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.