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Report No. : |
307635 |
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Report Date : |
16.02.2015 |
IDENTIFICATION DETAILS
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Name : |
CHIA FAR INDUSTRIAL FACTORY CO., LTD |
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Registered Office : |
2/F., No. 83, Taiyuan Rd., Datong Dist., Taipei City, R. O. C |
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Country : |
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Date of Incorporation : |
22.11.1973 |
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Com. Reg. No.: |
04457563 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and |
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No. of Employees : |
About 290 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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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 |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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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.
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No. 83, Taiyuan
Rd., Datong Dist., Taipei City, Taiwan, R. O. C |
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Supplied Address: |
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Telephone Number: |
+886-2-2555-9090 |
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Fax Number: |
Note: The exact name and address are as above.
Note: Subject declined to disclose its staff number; we obtained the relevant
information from public files.
Subject was incorporated
on 1973-11-22 with registered number 04457563
as Joint Stock Company in Taiwan.
Factory
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1 |
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Name: |
Youshi Plant |
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Address: |
No. 13, 15, Shi 1st Rd., Youshi Industrial Dist., Yangmei Dist., Taoyuan City, Taiwan, R.O.C |
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Date of Foundation: |
1969-1-1 |
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Date of Registration: |
1975-4-19 |
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Factory Registration Number: |
99623174 |
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Factory Manager: |
Yaren Zheng |
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Status: |
In Production |
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Date of Last Annual Return: |
2007-2-27 |
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Major Products: |
241 Steel |
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2 |
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Name: |
Youshi 2nd Plant |
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Address: |
No. 17, Liulin Shi 1st Rd., Gaoshan Li, Yangmei Dist.,
Taoyuan City, Taiwan, R.O.C |
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Date of Foundation: |
1988-1-19 |
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Date of Registration: |
1989-10-16 |
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Factory Registration Number: |
99623171 |
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Factory Manager: |
Yaren Zheng |
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Status: |
In Production |
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Date of Last Annual Return: |
2002-1-31 |
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Major Products: |
241 Steel |
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3 |
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Name: |
Puxin Plant |
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Address: |
No. 5, Sec. 2, Qilin Youshi
Rd., Gaoshan Li, Yangmei Dist., Taoyuan City, Taiwan, R.O.C |
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Date of Registration: |
2001-7-19 |
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Factory Registration Number: |
99621477 |
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Factory Manager: |
Yaren Zheng |
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Status: |
In Production |
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Date of Last Annual Return: |
2002-6-7 |
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Major Products: |
241 Steel |
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4 |
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Name: |
Puxin 3rd Plant |
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Address: |
No. 20, Sec. 2, Youth Rd., Yangmei Dist., Taoyuan City, Taiwan, R.O.C |
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Date of Registration: |
2015-1-27 |
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Factory Registration Number: |
03002682 |
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Factory Manager: |
Yaren Zheng |
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Status: |
In Production |
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Date of Last Annual Return: |
2015-1-27 |
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Major Products: |
249 Other metal products |
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5 |
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Name: |
Puxin 2nd Plant |
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Address: |
No. 9, Youwu Rd., Gaoshang Li, Yangmei Dist., Taoyuan City, Taiwan, R.O.C |
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Date of Registration: |
2011-12-13 |
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Factory Registration Number: |
03000819 |
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Factory Manager: |
Yaren Zheng |
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Status: |
In Production |
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Date of Last Annual Return: |
2015-1-16 |
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Major Products: |
241 Steel |
Major Shareholders
|
Name |
Subscription
Shares |
|
Yaren Zheng |
1,381,018 |
|
Huihuang Li |
|
|
4,063,995 |
|
|
Guoji Ding |
2,448,535 |
|
Sunzhi Yang |
552,738 |
|
Ermin Wu |
692,064 |
|
Guoying Ding |
525,723 |
Core Management
Directors
|
1 |
||
|
Name |
Yaren Zheng |
|
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Position |
Board Chairman |
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2 |
||
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Name |
Huihuang Li |
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Position |
Director |
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3 |
||
|
Name |
Guoji Ding |
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Position |
Director & Manager |
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Date of Appointment for Manager |
1980-11-10 |
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4 |
||
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Name |
Sunzhi Yang |
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Position |
Director |
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5 |
||
|
Name |
Ermin Wu |
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Position |
Director |
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6 |
||
|
Name |
Guoying Ding |
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Position |
Supervisor |
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Personnel
Structure
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Total Employees |
About 290 employees |
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|
Headquarters |
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Add |
No. 83, Taiyuan Rd., Datong Dist., Taipei City, Taiwan, R. O. C |
Production
Information
· Subject is engaged in manufacturing of steel, etc.
Subject
has 5 factories in Taiwan for production.
Subject
obtained the certifications of ISO 9002, ISO 9001, ISO14001 and OHSAS18001.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
CA01020 |
Steel rolling and extrusion industry |
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CA01050 |
Secondary steel industry |
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CA03010 |
Heat treatment Industry |
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CA04010 |
Surface treatment industry |
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F106010 |
Wholesale of hardware |
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F401010 |
International trade business |
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CC01070 |
Manufacturing of wireless communications machinery and equipment |
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F113070 |
Wholesale of telecom equipment |
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F213060 |
Retail of telecom equipment |
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ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
The components and raw material for production are purchased from home
and abroad.
· Subject is engaged in sale of steel, etc.
Subject’s
major products are stainless steel coil or strip, stainless steel sheet and
stainless steel shrapnel, etc.
Subject’s
sales regions include Asia, Middle East, Europe and USA, etc.
Subject’s
major customers are manufacturers of home appliances, machinery equipment and
wholesalers and retailers of steel, etc.
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
PURCHASE
Domestic Purchase
|
Products |
Raw material, etc. |
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Payment Terms |
T/T, Cash, etc. |
Import
|
Products |
Raw material, etc. |
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Payment Terms |
L/C, T/T, etc. |
SALES
Domestic Markets
|
Product |
Steel, etc. |
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Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Steel, etc. |
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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
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1 |
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Case Type: |
Chattel Mortgage |
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File No.: |
106145 |
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Debtor Name: |
Chia Far Industrial Factory Co., Ltd |
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Document Number: |
10130332330 |
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Date of Registration: |
2012-7-3 |
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2 |
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Case Type: |
Chattel Mortgage |
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File No.: |
105703 |
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Debtor Name: |
Chia Far Industrial Factory Co., Ltd |
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Document Number: |
10130316880 |
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Date of Registration: |
2012-4-12 |
Lawsuit
Up to date of reporting, no existing or latent
litigation of the subject has been found.
Interview Details
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.14 |
|
|
1 |
Rs.95.78 |
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Euro |
1 |
Rs.71.05 |
INFORMATION DETAILS
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Analysis Done by
: |
RAS |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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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 |
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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.