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Report No. : |
336499 |
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Report Date : |
18.08.2015 |
IDENTIFICATION DETAILS
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Name : |
T&T INDUSTRIES CORPORATION |
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|
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Registered Office : |
No.3, Kuo Chien 1st Rd., Guanyin Dist.,
Taoyuan City 328, (R.O.C.) |
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|
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Country : |
Taiwan |
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Date of Incorporation : |
25.03.1980 |
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|
|
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Com. Reg. No.: |
12331482 |
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|
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Legal Form : |
Joint Stock Company |
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|
|
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Line of Business : |
Manufacturing and Sales of Textile Dyestuffs
and Auxiliaries for Natural and Synthetic Fibers. |
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|
|
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No. of Employees : |
About 300 Employees |
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 |
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Status : |
Moderate |
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|
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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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Taiwan |
A1 |
A1 |
|
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. 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. However, follow-on components of the ECFA, including a signed agreement on trade in services and negotiations on trade in goods and dispute resolution, have stalled. In early 2014, the government bowed to public demand and proposed a new law governing the oversight of cross-Strait agreements, before any additional deals with China are implemented; the legislature has yet to vote on such legislation, leaving the future of ECFA up in the air as President MA enters his final full year in office. MA has portrayed ECFA as Taiwan’s key to greater participation in East Asia’s free trade networks.
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 expected to account for nearly 20% of the island's total population by 2025.
The island runs a trade surplus, largely because of its surplus with China, and its foreign reserves are the world's fifth largest, behind those of China, Japan, Saudi Arabia, 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, the Taiwan Central Bank signed a memorandum of understanding (MOU) 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 has helped Taiwan develop into a local RMB hub.
Closer economic links with the mainland bring greater opportunities for Taiwan’s economy but also pose new challenges as the island becomes more economically dependent on China at a time when political differences remain unresolved. During 2014, the press paid increasing attention to domestic economic issues, while pushing aside the debates over trade liberalization that were a hallmark of MA’s tenure. The media focused on the divide between Taiwan’s “haves” and “have nots,” providing extensive coverage of public frustration with stagnant wages, skyrocketing housing prices, and the difficulty of finding decent entry-level jobs.
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
6F., No.124, Sec. 2, Nanjing E. Rd.,
Zhongshan Dist., Taipei City 104, Taiwan (R.O.C.) |
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Supplied Address: |
6TH FL, WAN-I-CHEN BLDG.124 NANKING E. ROAD,
SEC.2, TAIPEI, TAIWAN |
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Telephone Number: |
+886- 2-2506-4107 |
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Fax Number: |
|
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E-mail: |
Notes: The exact name and address are as above.
Subject was incorporated on 1980-3-25 with registered number 12331482 as Joint Stock Company in
Taiwan.
Factory
|
Address: |
No.3, Kuo Chien 1st Rd., Guanyin Dist., Taoyuan City 328, Taiwan
(R.O.C.) |
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Date of
Foundation: |
1992-10-2 |
|
Date of
Registration: |
1996-2-13 |
|
Factory
Registration Number: |
99621981 |
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Factory Manager: |
Shixiong Wang |
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Status: |
In production |
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Date of Last Annual Return: |
2015-2-8 |
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Major Products: |
192 coating, dyes
and pigment 199 other
chemical products 269 other
electronic components |
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Telephone Number: |
+886-3-483-1666 |
|
Fax Number: |
+886-3-483-2666 |
Major Shareholders
|
Name |
Subscription
Shares |
|
Shixiong Wang |
425,500 |
|
Zhilong Wang |
9,451,688 |
|
Win Team
Investment Co., Ltd. |
796,512 |
|
Xiuqing Linchen |
468,625 |
|
Xiaopei Yu |
93,847 |
|
Kaijia Fang |
3,624,722 |
Shareholder Information:
|
Registered Name: |
Win Team
Investment Co., Ltd. |
|
Registered Address: |
6F, No. 59, Zhuang Jing Road, Ban Qiao District, New Taipei City,
Taiwan (R.O.C.) |
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Date of Foundation: |
2012-4-10 |
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Registration Number: |
53696393 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
NTD 15,000,000 |
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Paid-up Capital: |
NTD 12,000,000 |
|
Legal Representatives: |
Xiangting Xia |
|
Legal Form: |
Joint Stock Company |
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Date of Last Annual Return: |
2015-6-9 |
Core Management
Directors
|
1 |
||
|
Name |
Shixiong Wang |
|
|
Position |
Board Chairman |
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2 |
||
|
Name |
Zhilong Wang |
|
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Position |
Director |
|
|
3 |
||
|
Name |
Win Team
Investment Co., Ltd. |
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|
Position |
Director |
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|
4 |
||
|
Name |
Xiuqing Linchen |
|
|
Position |
Director |
|
|
5 |
||
|
Name |
Xiaopei Yu |
|
|
Position |
Director |
|
|
6 |
||
|
Name |
Kaijia Fang |
|
|
Position |
Supervisor |
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Personnel
Structure
|
Total Employees |
About 300 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
6F., No.124,
Sec. 2, Nanjing E. Rd., Zhongshan Dist., Taipei City 104, Taiwan (R.O.C.) |
Production
Information
· Subject is engaged in manufacturing of textile dyestuffs and auxiliaries for natural and synthetic fibers, etc.
· Subject has a factory in Taoyuan City, Taiwan for production.
· Subject obtained the certifications of ISO 14000, ISO 9002 and ISO 9001.
· It is introduced that subject’s total production capacity has reached over 12,000 tons per year.
Purchase
Information
The
registered activities of subject:
|
Business Code |
Details |
|
C802200 |
Manufacturing of
coating, painting, dyes and pigment. |
|
C802120 |
Manufacturing of
industrial aids. |
|
CC01080 |
Manufacturing of
electronic components and parts. |
|
H703100 |
Real leasehold
industry. |
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C199990 |
Manufacturing of
non-classified food. |
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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 textile dyestuffs and auxiliaries for natural and synthetic fibers, etc.
· The major products include Disperse Dyes - Taicron Dyes, Basic Dyes - Taiacryl Dyes, Direct Dyes - Tairus Dyes( azo free ) and etc.
· Subject’s sales regions include Asia, Europe, America and etc.
· Subject’s major customers are manufacturers of textiles, printing and dying industry and etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
PURCHASE
Domestic
Purchase
|
Products |
Raw materials and etc |
|
Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Raw materials and etc |
|
Payment Terms |
L/C, T/T and etc |
SALES
Domestic Markets
|
Product |
Textile dyestuffs and auxiliaries for natural and synthetic fibers,
etc. |
|
Selling Terms |
Cash, T/T and etc |
Export
|
Product |
Textile dyestuffs and auxiliaries for natural and synthetic fibers,
etc. |
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Selling Terms |
L/C, T/T 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.
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.
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Trial Number: |
2003, Yan Lao An Jian, 2 |
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Date of Trial: |
2003-6-16 |
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Reason: |
Violation of Labor Safety and Health Law |
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Claimant: |
Prosecutor of Taiwan Taoyuan District Court |
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Defendant: |
T&T Industries Corporation |
Interview
Details
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.22 |
|
|
1 |
Rs.102.23 |
|
Euro |
1 |
Rs.72.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
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Report Prepared
by : |
NIT |
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 |
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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 |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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|
-- |
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.