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Report No. : |
324314 |
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Report Date : |
30.05.2015 |
IDENTIFICATION DETAILS
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Name : |
TAIWAN BUTYL CO., LTD. |
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Registered Office : |
5F.-3, No.195, Sec. 2, Chunjing Rd., Luodong Township, Yilan County 26549 |
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Country : |
Taiwan |
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Date of Incorporation : |
06.03.1987 |
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Com. Reg. No.: |
22403246 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of balls’ inner tubes |
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No of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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) |
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Taiwan |
A2 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderate Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderate High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
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.
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Source
: CIA |
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Company Name: |
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Supplied Name: |
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Trading Address: |
5F.-3, No.195,
Sec. 2, Chunjing Rd., Luodong Township, Yilan County 26549, Taiwan (R.O.C.) |
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Supplied Address: |
NO. 12, LN 228, SEC.1, QINHE RD.,WUJIE
TOWNSHIP, YILAN COUNTY 26841, TAIWAN |
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Telephone Number: |
+886-3-961-5592 |
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Fax Number: |
+886-3-961-5581 |
Note: The exact name and address are as above. Subject confirmed the supplied
name belongs to her company, but it is rarely used. And the supplied address is
subject’s former address.
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Credit Opinion: |
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Registered Name: |
Taiwan Butyl Co., Ltd. |
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Registered Address: |
5F.-3, No.195, Sec. 2, Chunjing Rd., Luodong
Township, Yilan County 26549, Taiwan (R.O.C.) |
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Date of Foundation: |
1987-3-6 |
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Registration Number: |
22403246 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2015.5, 1 NTD = 0.0326 USD) |
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Paid-up Capital: |
NTD 12,000,000 (USD 391,200) |
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Legal Representatives: |
Kehua Zhou |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Subject was incorporated on 1987-3-6 with registered number 22403246 as Joint Stock Company in Taiwan.
It is introduced that subject has a related factory in Shanghai, the mainland China for production, but subject declined to disclose further information for us, and the detail cannot be obtained from any other resources.
Major Shareholders
|
Name |
Subscription Shares |
|
Kehua Zhou |
2,750 |
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Hongda Zhou |
1,500 |
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Limei Chen |
1,300 |
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Houzhu Yan |
250 |
Core Management
Directors
|
1 |
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Name |
Kehua Zhou |
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Position |
Board Chairman |
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2 |
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Name |
Hongda Zhou |
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Position |
Director |
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3 |
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Name |
Limei Chen |
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Position |
Director |
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4 |
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Name |
Houzhu Yan |
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Position |
Supervisor |
Offices & Factories
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Headquarters |
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Add |
5F.-3, No.195, Sec. 2, Chunjing Rd., Luodong
Township, Yilan County 26549, Taiwan (R.O.C.) |
Production Information
l
Subject is a trader of balls’ inner tubes, etc.
l It is introduced that
subject has a related factory in Shanghai, Mainland China for production.
l It is introduced that
the monthly production capacity of subject’s related factory is about 900,000
pieces of balls’ inner tubes.
Purchase Information
l
The registered activities of subject:
|
1 |
Processing, manufacturing and sales of
industrial force rubber, sheet rubber and rubber ring. |
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2 |
Processing, manufacturing and sales of
balls for sports (basketball, football, volleyball, rugger and etc.) |
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3 |
Trading of nature rubber materials,
artificial rubber materials and other processing materials. |
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4 |
Importing and exporting business of above
related business. |
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5 |
Agent, bidding and marking price of products
of domestic and overseas manufacturers. |
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6 |
Operation and investment of above
business. |
l
Subject’s products are mostly purchased in domestic
market.
l Subject is engaged
in sale of balls’ inner tubes, etc.
l
The major products sold by the subject are balls’ inner tubes, including basketballs
inner tubes, footballs inner tubes and volleyballs inner tubes, etc.
l It is introduced that subject has own brand of “Taiwan Butyl”.
l
Subject’s sales regions cover domestic market,
Southeast Asia, South America, India and Middle East, etc.
l
Subject’s major customers are manufacturers of
balls, etc.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Balls’ inner tubes, etc. |
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Payment Terms |
T/T, Cash, etc. |
2.
Import
Subject has little
import.
Sales
1.
Domestic Markets
|
Product |
Balls’ inner tubes, etc. |
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Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Balls’ inner tubes, 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
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 |
Ms. Tang |
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Department |
Sales Department |
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Email: |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 63.76 |
|
|
1 |
Rs. 97.79 |
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Euro |
1 |
Rs. 69.90 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
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Report Prepared
by : |
DPT |
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 |
-- |
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.