MIRA
INFORM REPORT
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Report Date : |
6th
November 2006 |
IDENTIFICATION
DETAILS
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Name : |
DON LOONG ENTERPRISE CO LTD |
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Registered Office : |
61 Mei Kung Rd Hualien City Hualien
Hsien 970, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
May 1, 1987 |
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Com. Reg. No.: |
22489481 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in the business of manufacturing and
domestic sales of marble and granite. |
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 : |
Small
Company |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Name & address
DON LOONG ENTERPRISE CO LTD
61 MEI
KUNG RD HUALIEN CITY HUALIEN HSIEN 970, TAIWAN
TEL:886-3-8223559
FAX:886-3-8223571
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 1, 1987
REGISTRATION NO. :
22489481
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MS. HSUEH-LI YEN (CHAIRMAN)
STAFF STRENGTH :
45
CAPITAL :
US$ 1,178,960
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : USD
50,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE : TWD 33.1709 = US$1 AS OF 2006-10-18
*Company Registration*
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License number
: 22489481
Date issued : 1 May, 1987
Issuing authority : Ministry of Economic Affairs
(MOEA)
*Office & Facilities*
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Size : 704 sq. meters
Location : Hualien Hsien
Property status
: Owned by Ms. Hsueh-li Yen
Type of building
: Industrial & Commercial mixed
Comments : Serves
as office, factory, and warehouse
*Corporate & Organization Structure*
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A medium sized company 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.
Email : dl223559@ms24.hinet.net
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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Ms. Hsueh-li Yen 11,910
Mr. Ting-tung Wang 16,420
Mr. Mu-chuan Yen 1,100
Mr. Ching-tao
Yen 1,100
Name Nationality
Job Description Dept. / Division
Ms. Hsueh-li Yen Taiwanese
General Manager -
*Key Personnel*
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Ms. Hsueh-li Yen
Founder : Co-Founder
Work experience : More than 15 years
Resident status : Taiwan
Responsibilities
: Handles the daily operation of the firm including all financials and
legal matters.
*Main Products & Services*
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Specializes in manufacturing and domestic sales of
marble and granite.
Products : Fossils
Granite
Marbles
*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 :
- CHAMPION STONE-WORKS CORP
- FAIR MARBLE CO LTD
- GANG HUEI MARBLE ENTERPRISE CO LTD
- HONG SEN MARBLE ENTERPRISE CO
- JUNE CHUN MARBLE CO LTD
*Local Distribution Network*
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99% of the annual turnover is attributed to local
sales.
*Export Markets*
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1% of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING :3 OBTAINED SCORES :
60
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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 MODERATE
amounts depending on individual judgement experience.
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)
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Year Imports
Exports Total
2003 $3,000,000.00
$100,000.00 $3,100,000.00
2004 $4,000,000.00
$50,000.00 $4,050,000.00
2005 $5,000,000.00
n/a $5,000,000.00
SC is
considered an old-established business in small size. It is considered a credit
line up to USD50,000 appears to be within SC’s capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Manufacturing
1423 Crushed/Broken Granite
Manufacturing
3281 Cut stone and stone products
Manufacturing
3299 Nonmetallic mineral products,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Manufacturing
2515121000 Marble blocks and slabs
Manufacturing
2516110000 Granite, crude or roughly trimmed
Manufacturing
6802911500 Marble, other than slabs
Manufacturing
6802930000 Granite
Manufacturing
6901000000 Bricks, blocks, tiles and other ceramic
goods of siliceous fossil meals (ie kieselguhr, tripolite or diatomite) or
similar siliceous ear ths
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Africa
Exporting to Asia
Exporting to Europe
Exporting to North America
Exporting to South America
Importing from Africa
Importing from Asia
Importing from Brazil
Importing from Canada
Importing from China
Importing from Europe
Importing from Finland
Importing from India
Importing from Italy
Importing from North America
Importing from Norway
Importing from South Africa
Importing from South America
Importing from Sweden
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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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