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Report No. : |
304633 |
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Report Date : |
28.01.2015 |
IDENTIFICATION DETAILS
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Name : |
PEIYU PLASTICS CORPORATION |
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Registered Office : |
No.2, Datong St., Tucheng Dist., New Taipei
City, Taiwan (R.O.C.) |
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Country : |
Taiwan |
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|
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Date of Incorporation : |
23.12.2003 |
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Com. Reg. No.: |
80619201 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing of Plastic Products. |
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No. of Employee : |
About 320 |
RATING & COMMENTS
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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 |
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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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
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.
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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.2, Datong
St., Tucheng Dist., New Taipei City, Taiwan (R.O.C.) |
|
Supplied Address: |
|
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Telephone Number: |
+886- 2-2268-8123 |
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Fax Number: |
+886- 2-2268-8779 |
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E-mail: |
Notes: The supplied address belongs to subject’s Taichung
Factory, and the exact name and address are as above.
Subject was incorporated
on 2003-12-23 with registered number 80619201
as Joint Stock Company in Taiwan.
Change of Name
|
Former Chinese Name: |
通裕塑膠工業股份有限公司 |
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Current Chinese Name: |
北裕塑膠工業股份有限公司 |
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Former English Name: |
Tongyu Plastics Co., Ltd. |
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Current English Name: |
Peiyu Plastics Corporation |
Factories
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1 |
|
|
Address: |
1F-3F, No.2, Datong St., Tucheng Dist., New
Taipei City, Taiwan (R.O.C.) |
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Date of Registration: |
2013-3-21 |
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Factory Registration Number: |
65002086 |
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Factory Manager: |
Jinquan Lin |
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Status: |
In production |
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Date of Last Annual Return: |
2013-3-21 |
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Major Products: |
220 plastic products |
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2 |
|
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Address: |
No.139, Qingnian Rd., Dajia Dist., Taichung City, Taiwan (R.O.C.) |
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Date of Registration: |
2012-10-23 |
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Factory Registration Number: |
66001435 |
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Factory Manager: |
Jinquan Lin |
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Status: |
In production |
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Date of Last Annual Return: |
2012-10-23 |
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Major Products: |
220 plastic products |
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3 |
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Address: |
No.166, Dafa Rd., Dajia Dist., Taichung City, Taiwan (R.O.C.) |
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Date of Registration: |
2012-11-13 |
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Factory Registration Number: |
66001478 |
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Factory Manager: |
Jinquan Lin |
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Status: |
In production |
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Date of Last Annual Return: |
2012-11-13 |
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Major Products: |
220 plastic products |
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4 |
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Address: |
No.125, Qingnian Rd., Dajia Dist., Taichung City, Taiwan (R.O.C.) |
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Date of Registration: |
2004-8-16 |
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Factory Registration Number: |
99701896 |
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Factory Manager: |
Jinquan Lin |
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Status: |
In production |
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Date of Last Annual Return: |
2007-6-21 |
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Major Products: |
220 plastic products |
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5 |
|
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Name |
Taichung Factory |
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Address |
No. 6, You 5th Rd., Taichung Youth Industrial Park, Dajia District,
Taichung City 43769 Taiwan |
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Tel |
+886-4-2681-8161 |
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Fax |
+886-4-2681-8272 |
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6 |
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|
Name |
Hung Du Plastics Corporation |
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Address |
No. 32, Minzhu Rd., Vietnam-Singapore Industrial Park II, Bencat,
Binhduong, Vietnam |
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Tel |
+884 650 358 9588 |
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Fax |
+884 650 358 9586 |
Major Shareholders
|
Name |
Subscription Shares |
|
Jinquan Lin |
1,818,499 |
|
Minghui Lin |
2,184,501 |
|
Yongyuan He |
120,000 |
|
Yucheng Cao |
1,500,000 |
Core Management
Directors
|
1 |
||
|
Name |
Jinquan Lin |
|
|
Position |
Board Chairman |
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|
2 |
||
|
Name |
Minghui Lin |
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Position |
Director |
|
|
3 |
||
|
Name |
Yongyuan He |
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Position |
Director |
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|
4 |
||
|
Name |
Yucheng Cao |
|
|
Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 320 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.2, Datong St., Tucheng Dist., New Taipei City, Taiwan (R.O.C.) |
Production Information
Subject is engaged in manufacturing of plastic products and etc.
Subject has two factories in Taichung City, Taiwan and Vietnam for
production.
Subject obtained the certification of ISO 9001, ISO14000, ISO 22000,
OHSAS 18001 and HACCP.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
C805010 |
Manufacturing of plastic film, plastic cloth, plastic board and
plastic pipe. |
|
C805050 |
Manufacturing of industrial plastic products. |
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C805060 |
Manufacturing of plastic leather products. |
|
F107190 |
Wholesales of plastic film and plastic bags. |
|
F107990 |
Wholesales of other chemical products. |
|
F401010 |
International trading business. |
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CA02060 |
Manufacturing of metal container. |
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CA02990 |
Manufacturing of other metal products. |
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ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
It is introduced that subject purchases raw materials and etc both at
home and abroad.
It is introduced that subject imports some equipment from Japan.
Subject is engaged in sale of plastic
products and etc.
The major products are PVC Film, PET Film, PP Film, PS Film, Soft PVC,
Tarpaulin and so on.
Subject’s sales regions include Asia, Europe, America and etc.
Subject’s major customers are food industry, pharmacy industry
manufacturing of garment, packaging industry and etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Raw materials |
|
Payment Terms |
Cash, T/T |
Import
|
Products |
Raw materials |
|
Payment Terms |
L/C, T/T |
Sales
Domestic Markets
|
Product |
Plastic products |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Plastic products |
|
Selling Terms |
L/C, T/T |
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 Ms. Fang 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
|
1 |
|
|
Case Type: |
Chattel Mortgage |
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File No.: |
101494 |
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Debtor Name: |
Peiyu Plastics Corporation |
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Document Number: |
09930350110 |
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Date of Registration: |
2010/9/29 |
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2 |
|
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Case Type: |
Chattel Mortgage |
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File No.: |
103815 |
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Debtor Name: |
Peiyu Plastics Corporation |
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Document Number: |
10030340890 |
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Date of Registration: |
2011/5/25 |
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3 |
|
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Case Type: |
Chattel Mortgage |
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File No.: |
103020 |
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Debtor Name: |
Peiyu Plastics Corporation |
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Document Number: |
10030316040 |
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Date of Registration: |
2011/3/7 |
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4 |
|
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Case Type: |
Chattel Mortgage |
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File No.: |
091360 |
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Debtor Name: |
Peiyu Plastics Corporation |
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Document Number: |
09605127980 |
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Date of Registration: |
2007/7/5 |
Lawsuit
Up to date of reporting, no existing or latent
litigation of the subject has been found.
Interview Details
|
Name |
Ms. Fang |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.46 |
|
|
1 |
Rs.92.77 |
|
Euro |
1 |
Rs.69.03 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
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Report Prepared
by : |
TPT |
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 |
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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 |
|
<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.