MIRA
INFORM REPORT
|
Report Date : |
6th
November 2006 |
IDENTIFICATION
DETAILS
|
Name : |
LESYNTEC TRADING CO LTD |
|
|
|
|
Registered Office : |
1fl,
135 Cheng Teh Rd Section 3 Tatung Dist Taipei City 103, Taiwan |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
May 25, 1996 |
|
|
|
|
Com. Reg. No.: |
97080232 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Engaged
in importing and domestic sales of medical raw materials |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
Status : |
Moderate
|
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
Name & address
LESYNTEC TRADING CO LTD
1FL, 135 CHENG TEH RD SECTION 3 TATUNG DIST TAIPEI CITY 103, TAIWAN
TEL:886-2-25919741
FAX:886-2-25918921
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY 25, 1996
REGISTRATION NO. : 97080232
LEGAL FORM : PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE : MR. TONY WEN-LUNG CHIEN (CHAIRMAN)
STAFF STRENGTH : 5
CAPITAL : US$ 151,149
BUSINESS LINE : IMPORTER
TURNOVER : N/A (AS OF DEC. 31, 2005)
EQUITIES : N/A (AS OF DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : USD 20,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : TWD 33.2505 = US$1 AS OF 2006-10-30
*Company
Registration*
===================
License
number : 97080232
Date
issued : 25 May, 1996
Issuing
authority : Ministry of Economic Affairs (MOEA)
*Corporate
& Organization Structure*
============================
A small sized company operated and managed by the owner.
*Reputation*
==========
Reference
checking for the purpose of establishing the firm's reputation within the
respective industry failed to reveal any negative information.
Email : chiens.tony@msa.hinet.net
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 % of Shares
--------------------------
----------------
Mr. Tony
Wen-lung Chien
99.00
Name Nationality
Job Description
Mr. Tony Wen-lung Chien Taiwanese General Manager
*Key
Personnel*
=============
Mr. Tony
Wen-lung Chien
Founder : Sole Founder
Email
add : chiens.tony@msa.hinet.net
Work
Experience : More than 10 years.
Responsibilities :
Handles the daily operation of the firm including all financials, sales and
legal matters.
*Main
Products & Services*
=====================
Specializes in importing and domestic sales of medical raw materials.
Products
: Alkaloid
Aromatic
compounds
Carboxylic
acid
Lactams
P-acetanisidide
*Payment
Terms*
=============
Sales
------
Local : Cash
30-90 days credit
Purchases
---------------
Local : Cash
30-90 days credit
Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
===========
The
following five (5) locally based companies supply similar range of products:
- ASTAR
CHEMICAL & PHAR CO LTD
- ELANC
CHEMICAL CO LTD
- HERMOSA
TRADING CO LTD
-
PHARMANEER LTD
- YUAN
CHOU CHEMICAL & PHARMACEUTICAL CO LTD
*Local
Distribution Network*
=======================
100%
annual turnover is attributed to local sales.
*Export
Markets*
=============
There is
no record of export since the prime focus of the firm's activities concentrated
on local sales only.
*(Subsidiaries,
Joint-ventures & Affiliates)
================================
Company
Name : FARMACHEM TRADING CO LTD
Global
Identifier : P0870739
Address :
2Fl, 135 Cheng Teh Rd Section 3 Tatung Dist Taipei City 103 Taiwan
Country :
Taiwan
Relationship
: Affiliate
Legal
Form : Private Limited Company
Company
Type : Importer
Industry
: Medical Equipment & Pharmaceutical
Company
Name : UNISYNTH TRADING CO LTD
Global
Identifier : P0229108
Address :
2Fl, 135 Cheng Teh Rd Section 3 Tatung Dist Taipei City 103 Taiwan
Country :
Taiwan
Relationship
: Affiliate
Legal
Form : Private Limited Company
Company
Type : Importer
Industry
: Medical Equipment & Pharmaceutical
PAYMENT RATING :4 OBTAINED SCORES :
48
|
Rating Key |
Implication |
Implications |
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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 name : HUA NAN COMMERCIAL BANK
Branch : Taipei
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.
*Int´l Trade
Activity (Currency: U.S. $'s)
===============================
Year Imports Exports
Total
2003 $2,000,000.00 $0.00 $2,000,000.00
2004 $2,500,000.00 $0.00 $2,500,000.00
2005 $3,000,000.00 $0.00 $3,000,000.00
Over the past 10 years, SC has made a stable growth with acceptable profit. It is considered a credit line up to USD20,000 appears to be within SC’s capacities.
Attached: trade references
SIC PRODUCT CLASSIFICATION &
ACTIVITY
Activity Code Product/Service Description
Importing 2833
Medicinals and botanicals
Importing 2834
Pharmaceutical
preparations
Importing 5047
Medical/Dental
Equip/Supplies
Trading 2833
Medicinals and botanicals
Trading 2834
Pharmaceutical
preparations
Trading 5047
Medical/Dental
Equip/Supplies
HARMONIZED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Code Product/Service Description
Importing 1302190000
Vegetable saps and extracts
Importing 2916390000
Aromatic monocarboxylic acids, their
anhydrides, halides, peroxides,
peroxyacid
and their derivatives not elsewhere specified or included
Importing 2918300000
Carboxylic acids with aldehyde or
ketone function but without other
oxygen
function, their anhydrides, halides, peroxides, peroxyacids
andtheir
deriv
Importing 2918900500
Para-anisic acid; clofibrate;
1,6-hexanediol-bis(3,5-dibutyl-4-
hydroxyphenyl)propionate;
and 3-phenoxybenzoic acid
Importing 2924290100
P-acetanisidide;
p-acetoacetatoluidide; 4-amino-n-methyl-acetanilide;
2,5-dimethoxyacetanilide;
and n-(7-hydroxy-1-naphtyl)-acetamide
Importing 2930901000
Other aromatic or!ano-sulfur
compounds used as pesticides
Importing 2932990400
2,2-dimethyl-1,3-benzodioxol-4-yl
methyl carbamatebendiocarb)
Importing 2933790000
Lactams (excluding 6-hexanelactam)
Importing 2939690000
Alkaloids of rye ergot and their
derivatives; salts thereof
Importing 3000
Pharmaceutical products
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service Description
Importing Vegetable
saps
Importing Para-anisic
acid
Importing Medicine
raw materials
Importing Enzymes
Importing Aromatic
monocarboxylic acid
Trading Alkaloid
Trading Vegetable
saps
Trading Para-anisic
acid
Trading Aromatic
compounds
Trading Aromatic
monocarboxylic acid
INTERNATIONAL TRADE : ACTIVITY &
MARKETS
Importing
from Asia
Importing
from China
Importing
from Czech Republic
Importing
from Europe
Importing
from France
Importing
from India
Importing
from Italy
Importing
from Japan
Importing
from Middle East
Importing
from Spain
Importing
from Turkey
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 |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|