MIRA INFORM REPORT
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Report Date : |
27th April
2006 |
IDENTIFICATION DETAILS
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Name : |
CVC TECHNOLOGIES INC |
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Registered Office : |
361 Jen Hua Rd Tali City Taichung Hsien 412, Taiwan |
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Date of Incorporation : |
August
19, 2002 |
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Com. Reg. No.: |
80234971 |
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Legal Form : |
Private |
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Line of Business : |
1. Manufacture and export
of pressure sensitive labelers and related labeling and capping machines. 2. Distribution of complete
packaging lines including liquid filling lines and tablet/capsule bottling
line. 3. Represents some advanced
European and American packaging machines to satisfy special customer
requirements in Asian countries. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
RATING
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STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
Small |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME
CVC TECHNOLOGIES INC
361 JEN HUA RD TALI CITY TAICHUNG
HSIEN 412, TAIWAN
TEL: 886-4-24962345
FAX: 886-4-24963428
EXECUTIVE SUMMARY
INCORPORATION DATE : AUGUST 19, 2002
REGISTRATION NO. : 80234971
LEGAL FORM : PRIVATE
CHIEF EXECUTIVE : MR. SAM SHENG-HUI YANG (CHAIRMAN)
STAFF STRENGTH : 400
CAPITAL : US$ 812,500
BUSINESS LINE : MANUFACTURER
TURNOVER : N/A (AS OF DEC. 31, 2004)
EQUITIES : N/A (AS OF DEC. 31, 2004)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : USD 100,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : TWD 32.03666 = US$1 AS OF 2006-04-26
*Company Registration*
===================
(1) License number : 80234971
Date issued : 19 August, 2002
Issuing authority : Ministry of Economic Affairs (MOEA)
(2) License number : 99643140
Date issued : 3 April, 2003
Issuing authority : Ministry of Economic Affairs (MOEA)
*Office & Facilities*
===============
Size : 4,143 sq meters
Location : Taichung Hsien
Property status : Owned under D-LINK CORP
Type of building : Commercial & Industrial mixed
Comments : Serve as office, factory, and warehouse
Other Contact Details
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Tel no : 4-24969922
Fax no : 4-24969933
E-mail : marketing@cvcpharmapack.com
Website : www.cvcpharmapack.com
*Corporate & Organization Structure*
============================
A medium sized company mainly operated and managed by an experienced team of professionals.
*Factories, Size & Locations*
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Type of building: Industrial
Building size : 7,858 sq ft (Approx)
Location : Taichung Hsien
*Reputation*
===========
Reference checking for the purpose of establishing the firm's reputation within the respective industry failed to reveal any negative information.
Web site: www.cvcusa.com The design is professional and
the content is well organized. At present it is in English version.
E-mail: cvctech@ms31.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Names No of Shares
----------------------------- -----------------
Mr. Sam Sheng-hui Yang 1,250,000
Mr. Tan Lin 725,000
Mr. Chia-chen Yang 312,500
Mr. Shih- hao Yang 312,500
Management: Mr. Sam Sheng-hui Yang, CEO
Ms. Li-fen Lin, Manager
*Key Personnel*
=============
Mr. Sam Sheng-hui Yang
Founder : Co founder
Age : 60 years
Work experience : More than 30 years
Responsibilities : Handles the daily operation of the firm including all financials and legal matters.
Resident status : Taiwan
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Manufacture and export of pressure sensitive labelers and related labeling and capping machines.
2. Distribution of complete packaging lines including liquid filling lines and tablet/capsule bottling line.
3. Represents some advanced European and American packaging machines to satisfy special customer requirements in Asian countries.
Products: Automatic capping machine
Capping machines
Filling machines
Tablet bottling line equipment
Powder filling systems
*Payment Terms*
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Sales
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Local : 30-90 days credit
Export: Letter of Credit (L/C)
Document against Acceptance (D/A)
Purchase
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Local : 30-90 days credit
Import: Letter of Credit (L/C)
Document against Acceptance (D/A)
*Quality Certification*
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Conformed with the following certifications/standards:
- ISO 9001-2000
- CE
- CSA
- UL
*Exhibition Participation*
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Participated in the following local exhibitions:
(1) Exhibition fair : Taipei International Packaging Industry Show 2002
Date attended : 19-23 June, 2002
Location : Taipei World Trade Center - Exhibition Hall
(2) Exhibition fair : Taipei International Packaging Industry Show 2004
Date attended : 14-18 May, 2004
Location : Taipei World Trade Center - Exhibition Hall
*Competitors*
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The following locally based companies supply similar range of products:
1. KWANG DAH ENTERPRISES CO LTD
2. YNB SUPPLY (ASIA) CORP
3. BENISON & CO LTD
4. CHIEH HONG HARDWARE CO LTD
5. JIH CHENG MACHINERY MFG CO LTD
*Local Distribution Network*
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20% of the annual turnover is attributed to local sales.
*Export Markets*
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80% of the annual turnover is attributed to export.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : CVC TECHNOLOGIES INC
Global Identifier : P0351948
Address : Unit 211 Prestige Centre Point 7 Cunningham Rd Bangalore 560052 Karnataka India
Country : India
Relationship : Affiliate
Formation : Private
Company Type : Trader
Industry : Machinery
Company Name : CVC TECHNOLOGIES INC
Global Identifier : P0351950
Address : Streng Bldg 3 Lane 600 Tianshan Rd Shanghai 200051 China
Country : China
Relationship : Affiliate
Formation : Private
Company Type : Trader
Industry : Machinery
Company Name : CVC TECHNOLOGIES INC
Global Identifier : P0351953
Address : 58 Ul Kantemirovskaya Block 7033 Moscow 115477 Russia
Country : Russia
Relationship : Affiliate
Formation : Private
Company Type : Trader
Industry : Machinery
Company Name : CVC TECHNOLOGIES INDONESIA PT
Global Identifier : P0351949
Address : 25 Jalan Gading Kirana Timur Block A 13 Jakarta 14240 Indonesia
Country : Indonesia
Relationship : Affiliate
Formation : Private
Company Type : Trader
Industry : Machinery
Company Name : JAN CHENG TECHNOLOGIES CO LTD
Global Identifier : P0350200
Address : 1Fl, 2, Lane 64, Tung Kuang Yuan Rd East Dist Taichung City 401 Taiwan
Country : Taiwan
Relationship : Affiliate
Formation : Private
Company Type : Trader
Industry : Machinery
Company Name : KK POWER (ASIA) CO LTD
Global Identifier : 31516811
Address : 361 Jen Hua Rd Tali City 412 Taichung Hsien Taiwan
Country : Taiwan
Relationship : Affiliate
Formation : Private
Company Type : Manufacturer
Industry : Machinery
PAYMENT RATING : 3 OBTAINED SCORES :
68
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the payment pattern of SC
based upon our Payment Database, comments from suppliers of SC, information
from banks (if available), as well as industrial sources.
Dealings on
open terms may be possible for MODERATE amounts depending on individual
judgement experience.
As a private limited company with a paid-up capital of less than USD6 million, there is no legal requirement according to local corporate law for public disclosure of detailed financials.
*Bank Details*
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Bank name : TAICHUNG COMMERCIAL BANK CO LTD
Branch : Kuo Kuang
*Financial Summary (Currency: U.S. $'s)
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Year Sales Assets Net Income
2003 $2,797,088.99 $932,987.31 $208,633.48
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports Total
2003 $244,349.39 $2,237,671.19 $2,482,020.58
2004 $300,000.00 $5,000,000.00 $5,300,000.00
2005 $1,000,000.00 $7,000,000.00 $8,000,000.00
Over the past 4 years, SC has made a stable growth with satisfactory profit. We consider a credit line up to USD 100,000 appears acceptable.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code
Product/Service Description
Manufacturing 3053
Gaskets, packing, and sealing
devices
Manufacturing 3500
Industrial Machinery &
Equipment
Manufacturing 3555
Printing trades machines and
equipment, and parts
and
accessories,
Manufacturing 3565
Packaging machinery, and parts,
Trading 3500 Industrial
Machinery & Equipment
Trading 3565 Packaging
machinery, and parts,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Manufacturing 8422309020
Container labeling machines
Manufacturing 8422309060
Machines which perform only
operations of capping,
lidding,
sealing or closing
Manufacturing 8422309070
Machines for filling, closing,
sealing, capsuling or
labeling
bottles, cans or similar containers
Manufacturing 8422309090
Machinery for filling, closing,
sealing, capsuling or
labeling
boxes, bags or similar containers
Manufacturing 8422409080
Packing or wrapping machinery
Manufacturing 8443505000
Printing machinery
Trading 8422309070
Machines for filling, closing,
sealing, capsuling or
labeling
bottles, cans or similar containers
Trading 8422409080
Packing or wrapping machinery
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Product/Service Description
Exporting Liquid packing machines
Manufacturing Ampoule
& vial inspection m/c
Manufacturing Auto-labeller
machine
Manufacturing Bottle
cap-making machines
Manufacturing Capping
equipment
Manufacturing Code
imprinters
Manufacturing Granule
filling machines
Manufacturing Tablet
bottling line equipment
Manufacturing Suppositories
Packer
Manufacturing Secondary
packaging equipments
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting
to Asia
Exporting
to Bangladesh
Exporting
to Canada
Exporting
to China
Exporting
to Europe
Exporting
to Germany
Exporting
to India
Exporting
to Indonesia
Exporting
to Iran
Exporting
to Japan
Exporting
to Malaysia
Exporting
to Netherlands
Exporting
to North America
Exporting
to Philippines
Exporting
to Russia
Exporting
to Saudi Arabia
Exporting
to Singapore
Exporting
to Thailand
Exporting
to USA
Exporting
to Ukraine
Importing
from Asia
Importing
from Malaysia
Importing
from Netherlands
RATING EXPLANATIONS
RATING
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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 |
Unfavourable &
favourable factors carry similar weight in credit consideration. Capability
to overcome financial difficulties seems comparatively below average/normal. |
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 |