|
Report No. : |
330493 |
|
Report Date : |
04.07.2015 |
IDENTIFICATION DETAILS
|
Name : |
RIVER-OCEAN ENTERPRISE CO., LTD. |
|
|
|
|
Registered Office : |
10F.-4, No.52, Sec. 2, Chang-An E. Rd., Zhongshan Dist., Taipei City 10456 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
28.02.1984 |
|
|
|
|
Com. Reg. No.: |
21209547 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Trading of Chemicals. |
|
|
|
|
No. of Employees : |
About 15 Employees |
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 – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Taiwan |
A2 |
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, 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. However, negotiations on follow-on components of ECFA, including an agreement on trade in services, deals on trade in goods, and dispute resolution—have stalled. In early 2014, the government bowed to public demand for 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 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 fourth largest, behind those of China, Japan, and Russia. 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 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 the Taiwan 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 entry-level jobs.
|
Source
: CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
10F.-4, No.52, Sec. 2, Chang-An E. Rd., Zhongshan Dist., Taipei City 10456,
Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2521-6700 |
|
Fax Number: |
+886-2-2571-2309 |
|
E-mail: |
Notes: The exact name and address are as above.
|
Registered Name: |
River-Ocean
Enterprise Co., Ltd. |
|
Registered
Address: |
10F.-4, No.52, Sec.
2, Chang-An E. Rd., Zhongshan Dist., Taipei City 10456, Taiwan (R.O.C.) |
|
Date of
Foundation: |
1984-2-28 |
|
Registration
Number: |
21209547 |
|
Registry: |
Taipei City
Government |
|
Registered
Capital: |
(As of 2015.04, 1 NTD
= 0.032 USD) |
|
Paid-up Capital: |
NTD 5,000,000 (USD
160,000) |
|
Legal
Representatives: |
Zichao Zhang |
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 1984-2-28 with registered number 21209547 as Joint Stock Company in Taiwan.
Subject did not introduce whether it
has any subsidiaries or branches, from other source we can not obtain the
relevant information, either.
Major Shareholders
|
Name |
Subscription Shares |
|
Zichao Zhang |
175,000 |
|
Huizhu Chen |
175,000 |
|
Jingquan Xu |
25,000 |
|
Weijin Zhang |
25,000 |
Core Management
Directors
|
1 |
|
|
Name |
Zichao Zhang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Huizhu Chen |
|
Position |
Director |
|
3 |
|
|
Name |
Jingquan Xu |
|
Position |
Director |
|
4 |
|
|
Name |
Weijin Zhang |
|
Position |
Supervisor |
Personnel Structure
|
Total Employees |
About 15 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
10F.-4, No.52, Sec. 2, Chang-An E. Rd., Zhongshan
Dist., Taipei City 10456, Taiwan (R.O.C.) |
Production
Information
Subject is a trader of chemicals and without any production activities
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
F102020 |
Wholesale of edible fat and oil |
|
F102170 |
Wholesale of food and grocery |
|
F102180 |
Wholesale of ethyl alcohol |
|
F103010 |
Wholesale of feed |
|
F106010 |
Wholesale of hardware |
|
F107070 |
Wholesale of animal medicine |
|
F107990 |
Wholesale of other chemical products |
|
F111090 |
Wholesale of building materials |
|
F113010 |
Wholesale of machinery |
|
F201020 |
Retail of animal products |
|
F202010 |
Retail of feed |
|
F203010 |
Retail of food, beverage and grocery |
|
F203030 |
Retail of ethyl alcohol |
|
F206010 |
Retail of hardware |
|
F207070 |
Retail of animal medicine |
|
F207990 |
Retail of other chemical products |
|
F211010 |
Retail of building materials |
|
F213080 |
Retail of machinery |
|
F401010 |
International trade business |
|
F107200 |
Wholesale of chemical raw material |
|
F119010 |
Wholesale of electronic material |
|
F207200 |
Retail of chemical raw material |
|
F112040 |
Wholesale of petroleum product |
|
F104110 |
Wholesale of textile, garment, shoes, hat, umbrella,
accessories |
|
F204110 |
Retail of textile, garment, shoes, hat, umbrella,
accessories |
|
I501010 |
Product design |
|
F219010 |
Retail of electronic material |
|
ZZ99999 |
Besides licensed business, all other business items those
are not banned or restricted. |
It is introduced that subject purchases its products from Taiwan, the Mainland China, Japan, India, Indonesia, Europe, USA and .
Subject is engaged in sale of chemicals and
Subject’s sales regions cover Taiwan South Asian countries, America,
Subject’s major customers are chemical industry, food processing industry, agriculture industry, livestock industry and .
Major products
|
Agriculture & Fertilizers |
Ammonium Sulfate |
|
Calcium Phosphate, Dibasic (DCP) |
|
|
Copper Sulphate Pentahydrate |
|
|
Diammonium Phosphate |
|
|
Dimethyl Sulfate (DMS) |
|
|
Dipotassium Phosphate |
|
|
Manganese Sulfate |
|
|
Monoammonium Phosphate |
|
|
Mono-Di-Calcium Phosphate (MDCP) |
|
|
Paraformaldehyde 92% |
|
|
Potassium Chloride |
|
|
Zinc Sulphate |
|
|
Amines |
Cyclohexylamine |
|
Diethanolamine (DEA) |
|
|
Monoethanolamine (MEA) |
|
|
Triethanolamine (TEA) |
|
|
Catalysts |
Aluminum Potassium Sulphate |
|
Catalysts |
Antimony Triacetate |
|
Antimony Trioxide |
|
|
Cobalt Acetate |
|
|
Cobalt and Manganese Acetate Solution (CMA) |
|
|
Cobalt and Manganese Bromide Solution (CMB) |
|
|
Copper Oxide |
|
|
Di-Acetone Alcohol (DAA) |
|
|
Dibenzoyl Peroxide |
|
|
Manganese Acetate Tetrahydrate |
|
|
p-Toluene Sulfonic Acid (PTSA) |
|
|
Detergents & Surfactants |
Branched Alkyl Benzene Sulfonic Acid (Dodecyl Benzene
Sulfonic Acid) (DBSA) 96% |
|
Calcium Hypochlorite |
|
|
Disodium E.D.T.A |
|
|
E.D.T.A. Acid |
|
|
Fatty Alcohol Polyethylene Glycol Ether |
|
|
Liner Alkyl Benzene Sulfonic Acid (LBSA) 96% |
|
|
Oxalic Acid |
|
|
Surfactants, nonionic |
|
|
Tetrasodium E.D.T.A. |
|
|
Dyestuffs |
Acid Dyes |
|
Basic Dyes |
|
|
Direct Dyes |
|
|
Disperse Dyes |
|
|
Reactive Dyes |
|
|
Glycols |
Diethylene Glycol (DEG) |
|
Mono Ethylene Glycol (EG, MEG) |
|
|
Triethylene Glycol (TEG) |
|
|
Industrial Chemicals |
1,4-Butanediol |
|
1,4-Butylene Glycol |
|
|
24 Di-Tertiary Butyl Phenol (24 DTBP) |
|
|
26 Di-Tertiary Butyl Phenol (26 DTBP) |
|
|
Acetal Co-Polymer (POM) |
|
|
Acetic Acid, Glacial |
|
|
Aluminum Ammonium Sulphate |
|
|
Ammonium Perchlorate |
|
|
Benzoic Acid |
|
|
Bisphenol-A |
|
|
Branched Alkyl Benzene Sulfonic Acid (Dodecyl Benzene
Sulfonic Acid) (DBSA) 96% |
|
|
Calcium Carbonate |
|
|
Carbon Tetrachloride |
|
|
Caustic Soda (Sodium Hydroxide) |
|
|
Cobaltous Acetate |
|
|
Cobaltous Bromide |
|
|
Cobaltous Carbonate |
|
|
Copper Carbonate |
|
|
Cumene Hydroperoxide (CHP) |
|
|
Di-Acetone Alcohol (DAA) |
|
|
Di-Butyl Phthalate (DBP) |
|
|
Di-Cumyl Peroxide (DCP) |
|
|
Diethanolamine (DEA) |
|
|
Diethylene Glycol (DEG) |
|
|
Dimethyl Ether |
|
|
Disodium E.D.T.A |
|
|
E.D.T.A. Acid |
|
|
Ethanolamine |
|
|
EVA emulsion (Vinyl Acetate-Ethylene Emulsion) |
|
|
Ferrous Chloride |
|
|
Ferrous Sulfate |
|
|
Formaldehyde 37%, 44% |
|
|
Fumaric Acid |
|
|
Hexamine |
|
|
Iso-Butanol (i-BA) |
|
|
Isobutyl Acetate (IBAC) |
|
|
Isopropyl Alcohol (IPA) |
|
|
Magnesium Sulfte |
|
|
Maleic Anhydride (MA) |
|
|
Methyl Chloride |
|
|
Methyl Ethyl Ketone (MEK) |
|
|
Methyl Isobutyl Ketone (MIBK) |
|
|
Methyl t-Butyl Ether (MTBE) |
|
|
Methylene Chloride |
|
|
Mono Ethylene Glycol (EG, MEG) |
|
|
Monoethanolamine (MEA) |
|
|
MPO (2-Methyl-1, 3-Propanediol) |
|
|
n-Butyl Acetate (n-BAC) |
|
|
Nonyl Phenol (NP) |
|
|
Normal-Butanol (n-BA) |
|
|
n-Propanol |
|
|
n-Propyl Acetate (n-PAC) |
|
|
n-Propyl Alcohol (NPA) |
|
|
Oxalate Ferrous |
|
|
Paraffins Chlorinated |
|
|
Paraformaldehyde 92% |
|
|
Phosphoric Acid (85%, Tech) |
|
|
Phthalic Anhydride (PA) |
|
|
Pine Oil |
|
|
Polyethylene Glycol (PEG) |
|
|
Polyethylene Glycol Ether |
|
|
Polyvinyl Acetate Emulsion |
|
|
Polyvinyl Alcohol (PVA) |
|
|
Polyvinyl Butyral |
|
|
Potassium Phosphate (Monobasic, Dibasic) |
|
|
Potassium Sulphate |
|
|
Propylene Glycol Monomethyl Ether Acetate (PMA) |
|
|
p-Toluene Sulfonic Acid (PTSA) |
|
|
Sodium Formate |
|
|
Sodium Persulfate |
|
|
Sodium Phosphate (Monobasic, Dibasic) |
|
|
Sodium p-Toluene Sulfonate |
|
|
Sodium Sulphate |
|
|
Sodium Xylene Sulfonate |
|
|
Starches (Textiles, Dry battery, Papers) |
|
|
Sulfamic Acid |
|
|
Tetrasodium E.D.T.A. |
|
|
THF (Tetrahydrofuran) |
|
|
Titanium Dioxide |
|
|
Triethanolamine (TEA) |
|
|
Triethylene Glycol (TEG) |
|
|
Tri-Octyl Trimellitate (TOTM) |
|
|
Vanadium Pentoxide |
|
|
Vinyl Acetate Monomer (VAM) |
|
|
Xylene Sulfonic Acid |
|
|
Zinc Chloride |
|
|
Zinc Oxide |
|
|
Minerals |
Mica Powder |
|
Mono-Di-Calcium Phosphate (MDCP) |
|
|
Rock Phosphate |
|
|
Mining |
Sodium Cyanide (NaCN) 98% min |
|
Oil Drilling Chemicals |
Barite |
|
Barium Sulfate |
|
|
Bentonite |
|
|
Calcium Chloride |
|
|
Caustic Soda |
|
|
CMC |
|
|
Furfural |
|
|
Soda Ash |
|
|
Sodium Bicarbonate |
|
|
Triethylene Glycol (TEG) |
|
|
Xanthan Gum |
|
|
Paints Industrial |
Cobalt Acetate Tetrahydrate |
|
Isopropyl Alcohol (IPA) |
|
|
Lead Oxide, Red |
|
|
Litharge |
|
|
Manganese Acetate Tetrahydrate |
|
|
Polyvinyl Butyral |
|
|
Plasticizers & Stabilizer |
Barium Stearate |
|
Cadmium Stearate |
|
|
Calcium Stearate |
|
|
Di-Isodecyl Phthalate (DIDP) |
|
|
Di-Isononyl Phthalate (DINP) |
|
|
Di-Octyl Adipate (DOA) |
|
|
Di-Octyl Phthalate (DOP) |
|
|
Epoxidized Soybean Oil (ESO) |
|
|
Mono Type Stabilizer |
|
|
Tri-Octyl Trimellitate (TOTM) |
|
|
Zinc Stearate |
|
|
Resins |
Epoxy Resins |
|
Furan Resins |
|
|
Paper Strength Resins |
|
|
Petroleum Resins |
|
|
Phenolic Resins |
|
|
Resins Industrials Chemicals |
Bisphenol-A |
|
Diethylene Glycol (DEG) |
|
|
Formaldehyde 37%, 44% |
|
|
Fumaric Acid |
|
|
Furfuryl Alcohol |
|
|
Hexamine |
|
|
Maleic Anhydride (MA) |
|
|
Melamine Resin Moulding Compounds |
|
|
Melamine, Refined |
|
|
Mono Ethylene Glycol (EG, MEG) |
|
|
Paraformaldehyde 92% |
|
|
Pentaerythritol 98% |
|
|
Phenol |
|
|
Phenolic resin moulding Compounds |
|
|
Phthalic Anhydride (PA) |
|
|
Trimethylol Propane (TMP) |
|
|
Solven |
Acetone (Simethyl Ketone, DMK, Propanone) |
|
Butyl Cellosolve (BCS, Ethylene Glycol Monobutyl Ether) |
|
|
Cyclohexanone (ANONE) |
|
|
Di-Acetone Alcohol (DAA) |
|
|
Ethyl Acetate |
|
|
Isobutyl Alcohol |
|
|
Isobutyl Alcohol (ISOBUTANOL) |
|
|
Isopropyl Alcohol (IPA) |
|
|
Methyl Ethyl Ketone (MEK) |
|
|
Methyl Isobutyl Ketone (MIBK) |
|
|
Methylene Chloride |
|
|
n-Butyl Acetate (n-BAC) |
|
|
Normal Butyl Alcohol |
|
|
Water Treatment Chemicals |
Copper Carbonate |
|
Copper Sulphate Pentahydrate |
|
|
Ferrous Sulfate |
|
|
Feed Additives |
Active Yeast Powder |
|
Enzyme |
|
|
Fish Soluble Liquid |
|
|
Fish Soluble Paste |
|
|
Fish Soluble Powder |
|
|
Shrimp Shell Meal |
|
|
Squid Liver Meal |
|
|
Squid Liver Oil |
|
|
Squid Liver Paste |
|
|
Minerals For Feed |
Copper Sulphate Pentahydrate |
|
Dicalcium Phosphate (DCP) |
|
|
Manganous Oxide |
|
|
Monidicalcium Phosphate (MDCP) |
|
|
Monopotassium Phosphate (MKP) |
|
|
Monosodium Phosphate (MSP) |
|
|
Zinc Sulphate Monohydrate |
|
|
Acidifier |
Fumaric Acid |
|
Other |
Beta-Carotene |
|
Brine Shrimp Flakes |
|
|
Bromelain |
|
|
Calcium Lacate |
|
|
Chlorella |
|
|
Spirulina |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Chemicals |
|
Payment Terms |
Cash, T/T |
Import
|
Products |
Chemicals |
|
Payment Terms |
L/C T/T |
Sales
Domestic Markets
|
Product |
Chemicals |
|
Selling Terms |
Cash, T/T |
Export
|
Product |
Chemicals |
|
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 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
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.39 |
|
|
1 |
Rs.98.94 |
|
Euro |
1 |
Rs.70.33 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
DPT |
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.