MIRA
INFORM REPORT
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Report Date : |
27th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
TAIWAN GREEN NATION CORP |
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Registered Office : |
10fl-1, 84 Fu Hsing South Rd Section 2
Ta-An Dist Taipei City 106, Taiwan |
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Country : |
Taiwan |
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Financials (as on) : |
2005 |
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Date of Incorporation : |
May 30, 1988 |
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Com. Reg. No.: |
22891456 |
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Legal Form : |
Private Comp |
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Line of Business : |
Engaged in the business of :
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RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
name & address
TAIWAN
GREEN NATION CORP
10FL-1, 84 FU HSING SOUTH RD SECTION 2 TA-AN DIST TAIPEI CITY 106, TAIWAN
TEL:886-2-27084600
FAX:886-2-27089862
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY 30, 1988
REGISTRATION NO. : 22891456
LEGAL FORM : PRIVATE COMPANY
CHIEF EXECUTIVE : MR. KENNY KUO-TANG LIAO (CHAIRMAN)
STAFF STRENGTH : 30
CAPITAL : US$ 1,093,750
BUSINESS LINE : TRADER
TURNOVER : N/A (AS OF DEC. 31, 2005)
EQUITIES : N/A (AS OF DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : UP TO USD 100,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : TWD 32.6605 = US$1 AS OF 2006-6-27
*Company Registration*
===================
License number : 22891456
Date issued : 30 May, 1988
Issuing authority : Ministry of Economic Affairs (MOEA)
*Office & Facilities*
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Size : 109 sq meters
Property status : Owned by TAIWAN GREEN NATION CORP
Location : Taipei City
Type of building : Commercial building
Comment : Serves as office, and warehouse.
Previous Address : 7Fl-1, 84 Fu Hsing South Rd Section 2, Ta-an Dist, Taipei 106
*Corporate & Organization Structure*
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A medium sized company mainly operated and managed by an experienced team of professionals.
*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.greennation.com.tw The design is professional and the content is well organized. At present it is both in Chinese and English version.
Email : service@greennation.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name No of Shares
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Mr. Kenny Kuo-tang Liao 1,624,000
Mr. Randy Jou-lan Liu 789,097
Mr. Feng-lin Lai 640,521
Ms. Che-yu Liao 160,050
Management : Mr. Kenny Kuo-tang Liao, General Manager
Mr. Randy Jou-lan Liu, Director
*Key Personnel*
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Mr. Kenny Kuo-tang Liao
Founder : Co- founder
Work experience: More than 15 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. Importing raw materials from international market.
2. Supplying premier raw materials of fruit and beverages to Asian beverage factories.
Products : Apple juice concentrate
Lychee concentrates
Lychee puree
Apple juice
Juice concentrates
*Payment Terms*
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Sales
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Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : Cash
30-90 days credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
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The following locally based firms supply similar range of products/services :
- APIARIO INT'L CORP
- BIG SPOON CO LTD
- CHIA MEEI FOOD INDUSTRIAL CORP
- DAF TAIWAN INT'L CORP
- FRESH & FROZEN SUPPLY CO LTD
*Local Distribution Network*
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90% of the annual turnover is attributed to local sales
*Export Markets*
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10% of the annual turnover is attributed to
export.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : GREEN EXPERTS CORP
Global Identifier : P0182810
Address : 7Fl-1, 84 Fuhsing South Rd Section 2 Ta-an Dist Taipei City 106 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private Company
Company Type : Trader
Industry : Beverages
*IMPORTER AGENCY LISTING*
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Supplier : GAN-SHMUEL FOODS LTD
Global Identifier : P0142601
Country of Origin : Israel
Product Description : Carbonated drinks
Brand : Gan-Shmuel
Year : 2000
Supplier : GAN-SHMUEL FOODS LTD
Global Identifier : P0142601
Country of Origin : Israel
Product Description : Nectar drink
Brand : Gan-Shmuel
Year : 2000
Supplier : GAN-SHMUEL FOODS LTD
Global Identifier : P0142601
Country of Origin : Israel
Product Description : Processed fruits
Brand : Gan-Shmuel
Year : 2000
Supplier : GAN-SHMUEL FOODS LTD
Global Identifier : P0142601
Country of Origin : Israel
Product Description : Tomatoes processed
Brand : Gan-Shmuel
Year : 2000
PAYMENT RATING :3 OBTAINED SCORES : 50
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Rating
Key |
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 Taiwan corporate law for public disclosure of detailed financials.
Bank: SHANGHAI COMMERCIAL & SAVINGS BANK
Bank: TAIPEI FUBON COMMERCIAL BANK CO LTD
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports Total
2003 $6,000,000.00 $600,000.00 $6,600,000.00
2004 $5,000,000.00 $800,000.00 $5,800,000.00
2005 $6,000,000.00 $1,000,000.00 $7,000,000.00
Over the past 18 years, SC has made a stable growth with satisfactory profit. It is considered a credit line up to USD 100,000 would appear to be within SC’s capacities.
Attached: trade references
SIC PRODUCT CLASSIFICATION &
ACTIVITY
Activity Code Product/Service Description
Trading 0179 Fruits and tree nuts,
Trading 2033 Canned fruits, vegetables, preserves, jams, and jellies
Trading 2034 Food products, dried and dehydrated
Trading 2037 Frozen fruits, fruit juices, and vegetables
Trading 2084 Wines, brandy, and brandy spirits
Trading 2086 Bottled and canned soft drinks and carbonated waters
Trading 2099 Food products,
Trading 5148 Fresh Fruits & Vegetables
Trading 5182 Wine/Distilled Alcohol Bev
HARMONIZED PRODUCT CLASSIFICATION
& ACTIVITY
Activity Code Product/Service Description
Exporting 2008993500 Lychees and longans, prepared or preserved
Exporting 2009700010 Apple juice, unfermented, concentrated, frozen
Exporting 2009700020 Apple juice, unfermented, concentrated, not frozen
Exporting 2009800000 Juice of any other single fruit or vegetable, unfermented not containing
added spirit, whether or not sweetened
Importing 2008301000 Peel of oranges, mandarins (including tangerines and satsumas),
clementines, wilkings and similar citrus hybrids, prepared or preserved
Importing 2009 Fruit juices (& grape must) & veg juice, no spirit
Importing 2009110020 Orange juice, unfermented, frozen, in containers each holding less than 0.946 liter
Importing 2009202000 Grapefruit juice, unfermented, not concentrated and not made from a
juice having a degree of concentration of 1.5 or more
Importing 2009301020 Lime juice, unfermented, unfit for beverage purposes, not concentrated
Importing 2009402000 Pineapple juice, unfermented, not concentrated or having a degree of
concentration not more than 3.5 degrees
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service Description
Importing Grapefruit juices
Importing Pineapple juices
Importing Tea powder
Importing Tea extracts
Importing Orange peels
Importing Lime juice
Trading Canned fruits
Trading Carbonated drinks
Trading Chinese traditional juices
Trading Dried fruits
INTERNATIONAL TRADE : ACTIVITY &
MARKETS
Exporting to Asia
Exporting to Belgium
Exporting to Canada
Exporting to Europe
Exporting to Malaysia
Exporting to Netherlands
Exporting to North America
Exporting to United Kingdom
Importing from Asia
Importing from Austria
Importing from Brazil
Importing from Chile
Importing from China
Importing from Ecuador
Importing from Europe
Importing from Germany
Importing from India
Importing from Israel
Importing from Italy
Importing from Middle East
Importing from Spain
Importing from Thailand
Importing from USA
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 |
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 |