MIRA
INFORM REPORT
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Report Date : |
31st
May 2006 |
IDENTIFICATION
DETAILS
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Name : |
ANSON FLOW CORP |
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Registered Office : |
10fl-2, 408 Nan Tun Rd Section 2 Nantun Dist Taichung City 408, Taiwan |
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Country : |
Taiwan |
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Financials (as on) : |
2005 |
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Date of Incorporation : |
February
27, 2004 |
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Com. Reg. No.: |
80713091 |
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Legal Form : |
Private |
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Line of Business : |
Manufacturing
a range of valves and ball valves for duties in the oil, gas, petrochemical
and other processing industries |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
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 : |
Moderate
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
NAME & ADDRESS
ANSON FLOW CORP
10FL-2, 408 NAN TUN RD SECTION 2
NANTUN DIST TAICHUNG CITY 408, TAIWAN
TEL:886-4-24720998
FAX:886-4-24734240
EXECUTIVE SUMMARY
INCORPORATION
DATE : FEBRUARY 27, 2004
REGISTRATION
NO. : 80713091
LEGAL
FORM : PRIVATE
CHIEF
EXECUTIVE : MS.
FANG-CHUN LIN (CHAIRMAN)
STAFF
STRENGTH : 12
CAPITAL : US$ 62,500
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 10,000
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : FAIR
EXCHANGE
RATE : TWD 32.03550 = US$1 AS OF 2006-05-30
*Company
Registration*
===================
License
number : 80713091
Date
issued : 27 February, 2004
Issuing
authority : Ministry of Economic
Affairs (MOEA)
*Office
& Facilities*
===============
Facilities : Maintains modern facilities
*Factories,
Size & Locations*
=======================
Maintains
a factory in Taichung Hsien, Taiwan.
*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.ansonco.com
the design is professional
and the content is well organized. At present it is in English version.
E-mail: sales@ansonflow.com
For the
past two years there is no record of litigation.
*Major
Shareholders*
================
Shareholder's
Name % of Shares
--------------------------- -------------------
Ms.
Fang-chun Lin 99.00
Management:
Mr. Jack Lee, Sales Manager
Ms.
Fang-chun Lin, General Manager
*Key
Personnel*
============
Ms.
Fang-chun Lin
Founder : Sole-founder
Work
experience : More than 5 years
Responsibilities : Handles the daily operation of the
firm including all financial and legal
matters.
Resident
status : Taiwan
*Main
Products & Services*
====================
Specializes
in the manufacturing a range of valves and ball valves for duties in the oil,
gas, petrochemical and other processing industries, product also includes :
Products
------------
- 1
piece valves
- 2
piece valves
- 3
piece valves
-
flanged valves
-
sanitary valves
- instrumentation
-
Multi-port valves
- steam
& thermal
-
pressure relief valves
- lined
valves
-
special valves
-
Automation
- TFM
valves
Products:
Ball valves
Ball valves
Carbon steel ball valves
Castings
Stainless steel valves
*Payment
Terms*
=============
Sales
------
Local : Cash
30-90 days credit
Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Local : Cash
30-90 days credit
Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Machinery
& Equipment*
====================
Machinery/
Equipment include:
(1)
Investment Casting Operations
-
Automatic Injection units
-
Automatic Wax Press
- Shell
Dipping Systems
- Shell
Room Conveyor Transport System
-
Autoclave Wax Removal System
(2) Sand
Molding Operations
- Air
Set Sand Delivery System
(3)
Shell Molding Operations
-
Thermal Resin Hot Shell Molding System
(4)
Pouring Operations
-
Induction Melting Furnaces
- Burnout
Ovens
-
Automatic Pickling Machine
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Heat-Treatment Furnace
-
Pre-heat Furnace
-
Stirring & Dipping Machine
(5)
Finishing Operations
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Automatic & Manual Metal Cutting and Grinding Equip.
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Automatic Stainless Steel Shot Blasting System
-
Tumbler Steel Blasting System
- Manual
Sandblasting
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Automatic Ceramic Knock-out units
-
Hydraulic Straightening Presses
(6)
Machining Operations
- CNC
Millings
-
Vertical Millings
-
Horizontal Millings
- CNC
Lathes
-
Drilling Machines
-
Tapping Machines
(6) Manual
Equipment
- Mills
- Lathes
- Turret
Drills
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Automated Polishing Equipment
-
Deburring
-
Finishing
-
Automated Marking Equipment
(7)
Quality Control Inspection Equipment
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Coordinate Measuring Machine (CMM)
-
Analytical Spectrometer
-
Metallurgical Microscope
-
Rockwell Hardness Meter
-
Microstructure Analyzers
- Charpy
Impact Testing Machine
-
Universal Testing Machine
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Hydraulic Pressure Testing Machine
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Pneumatic Pressure Testing Machine
- Valve
Life-Cycle Test Machine
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Radiographic Examination (RT) Equipment
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Magnetic Testing (MT) Equipment
- Thread
Inspecting Instrument
(8) Ball
Plant Operations
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Vertical Boring Mills
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Horizontal Boring Mills
- Centre
Lathes
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Milling Machines
- CNC
Turning Centre
- CNC
Machine Centre
- CNC
Machining Centre
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Precision Ball Grinding Machines
-
Sphericity Roundness Inspection Equipment
*Competitors*
===========
The
following three locally based companies supply similar range of products :
- BUENO
ENTERPRISE CO LTD
- CHERNG
LONG PLASTIC MFG CO LTD
- DIE
ERSTE INDUSTRY CO LTD
- EAYUAN
METAL INDUSTRIAL CO LTD
- JUN
ENTERPRISES CORP
*Quality
Certification*
=================
The
following certification has been acquired:
- ISO
9001
- API
607 Fire-safe Approval
-
94/9/EC Atex Certification
-
Germanischer Lloyd
- TRD
100
- PED
97/23/EC
- CRN
Registration
*Local
Distribution Network*
=====================
1% of
the annual turnover is attributed to local sales.
*Export
Markets*
==============
99% of
the annual turnover is attributed to export.
SC is
not known to have any subsidiary at present.
PAYMENT RATING :4 OBTAINED SCORES :
47
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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
Details*
===========
Bank : INTERNATIONAL COMMERCIAL BANK OF
CHINA, THE
Account
: 00004453021664
As a
private limited company with a paid-up capital of less than USD 6 million,
there is no legal requirement according to Taiwan corporate law for public
disclosure of detailed financials.
*Int´l
Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports
Total
2004 $50,000.00 $400,000.00 $450,000.00
2005 $109,289.10 $1,323,696.68
$1,432,985.78
Over the
past 2 years, SC has made a stable growth with satisfactory profit. We consider
a credit line up to USD 10,000 appears acceptable.
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Exporting 3494
Valves and pipe fittings,
Manufacturing 3491 Industrial Valves
Manufacturing 3492 Fluid transfer power valves, and
parts thereof
Manufacturing 3494 Valves and pipe fittings,
Manufacturing 3499 Fabricated metal products,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Exporting 8481801085
Ball type taps, cocks and valves of
copper, hand operated, having a
pressure
rating of 850 kpa or over
Manufacturing 8300 Miscellaneous articles of base
metal
Manufacturing 8481 Taps, cocks, valves etc for
pipes, tanks etc, parts
Manufacturing 8481302090
Check valves of steel
Manufacturing 8481801085
Ball type taps, cocks and valves of
copper, hand operated, having a
pressure
rating of 850 kpa or over
Manufacturing 8481803070
Ball type taps, cocks and valves of
steel, hand operated
Manufacturing 8481809050
Other taps, cocks, valves, etc.
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Product/Service
Description
Manufacturing Valves
& fittings casting
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting
to Australia
Exporting
to Europe
Exporting
to Germany
Exporting
to Oceania
Exporting
to Switzerland
Exporting
to USA
Exporting
to United Kingdom
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 |