MIRA
INFORM REPORT
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Report Date : |
24th
May 2006 |
IDENTIFICATION
DETAILS
|
Name : |
KEEN
CHEONG LTD |
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Registered Office : |
11fl, 106-2 Chung Shan North Rd Section 2 Chungshan
Dist Taipei City 104, Taiwan |
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Country : |
Taiwan |
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Legal Form : |
Private
Company |
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Line of Business : |
Exporters
of medical equipment |
RATING & COMMENTS
|
MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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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Status : |
Small
Company |
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
NAME & ADDRESS
KEEN CHEONG LTD
11FL, 106-2 CHUNG SHAN NORTH RD SECTION 2
CHUNGSHAN DIST TAIPEI CITY 104, TAIWAN
TEL:886-2-25314933
FAX: N/A
EXECUTIVE SUMMARY
INCORPORATION
DATE : N/A
REGISTRATION
NO. : N/A
LEGAL
FORM : PRIVATE
COMPANY
CHIEF
EXECUTIVE : MR.
MOU-TUNG HSIEH (CHAIRMAN)
STAFF
STRENGTH : 3
CAPITAL : US$ 31,250
BUSINESS
LINE : EXPORTER
TURNOVER : N/A (AS OF DEC.
31, 2004)
EQUITIES : N/A (AS OF
DEC. 31, 2004)
PAYMENT : FAIR
RECOMM. CREDIT
RANGE : UNDER SECURED TERMS
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : FAIR
OPERATIONAL
TREND : FAIR
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : TWD 32.4880 = US$1 AS OF 2006-6-15
*Company
Registration*
==================
The MOEA
was checked and there is no company registered with this name.
Due to
field investigations held at the premises listed above, the following facts were
revealed by the person interviewed at this address:
-
They recognized the name "KEEN CHEONG LTD"
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They reconfirmed that this business entity is NOT registered in Taiwan.
-
They confirmed that the company was an overseas registered company, but
failed to provide details as to where it was registered.
*Office
& Facilities*
===============
Size : 482 sq meters
Facilities : Modern
Location : Taipei City
Property
status : Rented
Type of
building : Commercial
*Corporate
& Organization Structure*
============================
A small
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.
SC is
not known to host website of its own at present.
For the
past two years there is no record of litigation.
*Major Shareholders*
=================
Shareholder's
Name
---------------------------
Mr. Mou-tung Hsieh
Management:
Mr. Mou-tung Hsieh, General Manager
*Key
Personnel*
============
Mr.
Mou-tung Hsieh
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*
=====================
Specializes
in exporting medical equipment.
Products:
Medical equipment
*Local
Distribution Network*
=======================
There is
no record of local sales since the prime focus of the firm's activity is
concentrated on exports only.
*Export
Markets*
=============
100% of
the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING :4 OBTAINED
SCORES : 46
|
Implication |
Implications |
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|
1 |
Scores 85100 |
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.
SC refused to release their financial details at
present.
SC is considered small-sized in its line and is not registered
in Taiwan. Credit dealings with SC are recommended under secured terms.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Exporting 3841
Surgical and medical
instruments and apparatus,
Exporting 3845
Electromedical and
electrotherapeutic apparatus, and parts,
Exporting 5047
Medical/Dental
Equip/Supplies
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Exporting 9000
Optical, photographic,
cinematographic, measuring, checking, precision,
medical
or surgical instruments & accessories
Exporting 9018
Medical, surgical, dental
or vet inst, no elec, part
Exporting 9018908000
Other instruments and appliances
used in medical, surgical, dental or
veterinary
sciences
Exporting 9402
Medical, surgical, dental
or veterinary furn etc
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting
to Asia
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>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 |