MIRA INFORM REPORT
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Report Date : |
8th May 2006 |
IDENTIFICATION DETAILS
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Name : |
ACCTAN ENTERPRISE CO LTD |
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Registered Office : |
4 Alley 32, Lane 620 Min
Tsu 1st Rd Sanming
Dist Kaohsiung City 807, Taiwan |
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Date of Incorporation : |
APRIL
1, 1998 |
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Com. Reg. No.: |
16451509 |
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Legal Form : |
Private |
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Line of Business : |
Exporters
leather materials for shoes |
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 : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
NAME & ADDRESS
ACCTAN ENTERPRISE CO
LTD
4 ALLEY 32, LANE 620 MIN TSU 1ST RD
SANMING DIST KAOHSIUNG CITY 807, TAIWAN
TEL: 886-7-3474880
FAX: 886-7-3494899
EXECUTIVE SUMMARY
INCORPORATION DATE : APRIL 1, 1998
REGISTRATION NO. : 16451509
LEGAL FORM : PRIVATE
CHIEF EXECUTIVE : MS. HELEN HUI-MEI YU (CHAIRMAN)
STAFF STRENGTH : 5
CAPITAL : US$ 159,375
BUSINESS LINE : EXPORTER
TURNOVER : N/A (AS OF DEC. 31, 2004)
EQUITIES : N/A (AS OF DEC. 31, 2004)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : SMALL AMOUNT
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIR
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : TWD 31.39074 = US$1 AS OF 2006-05-08
*Company Name*
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Incorporated as : GRAND PROBEN ENTERPRISE CO LTD
Changed name to : ACCTAN ENTERPRISE CO LTD
Date of change : N/A
*Company Registration*
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License number : 16451509
Date issued : 1 April, 1998
Issuing authority : Ministry of Economic Affairs (MOEA)
*Office & Facilities*
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Size : 180 sq meters
Location : Kaosiung City
Type of building : Commercial
Facilities : Modern
Property status : Owned under Mr. Chung-cheng Liao
Comments : Serves as office and warehouse.
*Corporate & Organization Structure*
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A small company mainly operated and managed by an experienced team of professionals.
*Factories, Size & Locations*
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The company is a trading house which out-sources all orders to third party factory located in China. Hence there are no production facilities directly owned by the company.
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation within the respective industry failed to reveal any negative information.
E-mail: acctan@ttn.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholder's Name No of Shares
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Mr. Andy Chung-cheng Liao 3,111,000
Ms. Helen Hui-mei Yu 1,530,000
Mr. Jung-fu Wang 153,000
Mr. Yi-chun Wang 153,000
Ms. Hsueh-ling Yu 153,000
Management: Mr. Andy Chung-cheng Liao, Sales Manager
Ms. Helen Hui-mei Yu, General Manager
*Key Personnel*
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Ms. Helen Hui-mei Yu
Founder : Co-founder
Work experience : More than 5 years.
Resident status : Taiwan
Responsibilities : Handles the daily operation of the firm including all financial and legal matters.
*Main Products & Services*
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Specializes in exporting leather materials for shoes.
Products: Leather materials
*Payment Terms*
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Sales
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Local : Cash, 30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : Cash, 30-60 days credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
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The following locally based companies supply similar range of products:
-FUL-CARBON CO LTD
-BAG MATE LTD
-FU DA SHOES CO LTD
-GUANQ FERNG CO LTD
-JUNG DI HSING INDUSTRY CO LTD
*Local Distribution Network*
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1% of the annual turnover is attributed to local sales.
*Export Markets*
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99% of the annual turnover is attributed to exports.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES :
49
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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 SMALL amounts depending on individual judgement
experience.
Bank: CHANG HWA COMMERCIAL BANK LTD
As a private limited company with a paid-up capital of less than US$6 million, there is no legal requirement according to local corporate law for public disclosure of detailed financials.
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2003 $0.00 $500,000.00 $500,000.00
2004 $50,000.00 $50,000.00 $100,000.00
SC is considered small-sized in its line with an acceptable base to come into credit dealings of small amount.
Attached: trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3100 Leather and Leather Products
Exporting 3199 Leather goods,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 4205 Articles of leather
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Italy
Exporting to South America
Exporting to USA
Importing from Asia
Importing from China
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 |