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Report No. : |
341154 |
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Report Date : |
22.09.2015 |
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 Rubber Products. |
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No. of Employees : |
About 40 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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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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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 |
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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. 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: |
5F.-3, No.195,
Sec. 2, Chunjing Rd., Luodong Township, Yilan County 26549, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-3-961-5592/961-5593 |
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Fax Number: |
+886-3-961-5581/961-5582 |
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E-mail: |
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Website: |
Notes: The exact name and address are as above. It is introduced that the
supplied name belongs to subject but it is rarely used by subject now, the
supplied address is a postal address.
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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 2015.09, 1 NTD = 0.0310 USD) |
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Paid-up Capital: |
NTD 12,000,000 (USD 372,000) |
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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.
Major Shareholders
|
Name |
Subscription
Shares |
|
Kehua
Zhou |
2,750 |
|
Hongda
Zhou |
1,500 |
|
Limei
Chen |
1,300 |
|
Houzhu
Yan |
250 |
It is introduced that subject has a related
factory in Shanghai City, China for production, but the detail infformation we
cannot obtain from any sources.
Core Management
Directors
|
1 |
|
|
Name |
Kehua
Zhou |
|
Position |
Board
Chairman |
|
2 |
|
|
Name |
Hongda
Zhou |
|
Position |
Director |
|
3 |
|
|
Name |
Limei
Chen |
|
Position |
Director |
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4 |
|
|
Name |
Houzhu
Yan |
|
Position |
Supervisor |
Personnel Structure
|
Total
Employees |
About
40 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
5F.-3, No.195, Sec. 2, Chunjing Rd., Luodong Township, Yilan County
26549, Taiwan (R.O.C.) |
Production
Information
·
Subject is engaged trading ball bladders without any production
activities.
·
It is introduced that subject has a related factory in Shanghai
City, mainland China for production and the annual production capacity of ball bladder is about 10,000,000
pieces.
·
It is introduced that there are about 400 worker in the above
factory are engaged in producing products.
·
It is introduced that the monthly capacity of the above factory is
about 900,000 ball bladders.
Purchase Information
·
The registered activities of subject:
|
1 |
Processing,
manufacturing and trading of all kinds of industrial rubber tight belt, sheet
rubber, rubber ring |
|
2 |
Processing,
manufacturing and trading of all kinds of sport balls (basketball, football,
volleyball, rugby, ) |
|
3 |
Trading
of all kinds of natural synthetic rubber and its processing raw materials |
|
4 |
Import
and export business of related products |
|
5 |
As
agent for domestic and foreign manufacturers to bid and offer |
|
6 |
Trade
and investment of relevant business above mentioned |
·
It is introduced that subject purchases
ball bladder from its related factory in mainland China.
·
It is introduced that the raw materials for Shanghai factory’s production
are purchased from Taiwan, Mainland China, and Thailand
·
Subject is engaged in sales of ball
bladder
·
Subject’s major products include butyl bladder, rubber
bladder and valve housing and core
·
It is introduced that the products sold
by subject are applied to football (soccer ball), volleyball, handball,
basketball, rugby ball, futsal ball and mini ball
·
Subject has its own brand “Taiwan
Butyl”.
·
The major sales regions include domestic
market, Pakistan, India, and Brazil
Purchase
Domestic
Purchase
|
Products |
Ball bladder |
|
Payment Terms |
T/T, Cash |
Import
Subject has little import.
Sales
Domestic
Markets
|
Product |
Ball bladder |
|
Selling Terms |
T/T, Cash |
Export
|
Product |
Ball bladder |
|
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 source
we cannot obtain the relevant information, either.
Subject declined to disclose its bank details; from
other source we cannot 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.
|
Name |
Ms. Chen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.65.75 |
|
UK Pound |
1 |
Rs.102.17 |
|
Euro |
1 |
Rs.74.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
KIN |
|
|
|
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Report Prepared
by : |
VNT |
RATING EXPLANATIONS
|
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 |
|
|
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 |
|
|
<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.