MIRA
INFORM REPORT
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Report Date : |
8th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
J
& K ENGINEERING COMPANY LIMITED |
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Registered Office : |
15fl
Empire Bldg 87 Sung Chiang Rd Chungshan Dist Taipei
City 104, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
18.06.1990 |
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Com. Reg. No.: |
23757359 |
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Legal Form : |
PRIVATE
LIMITED COMPANY |
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Line of Business : |
Specializes in importing and domestic sales of
chemical products. |
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 |
Company name & Address
J & K ENGINEERING CO LTD
15FL
EMPIRE BLDG 87 SUNG CHIANG RD CHUNGSHAN DIST
TAIPEI CITY 104, TAIWAN
TEL :886-2-25069131
FAX :886-2-250686864
EXECUTIVE SUMMARY
INCORPORATION
DATE : JUNE 18, 1990
REGISTRATION
NO. : 23757359
LEGAL
FORM : PRIVATE
LIMITED COMPANY
CHIEF
EXECUTIVE : MR.
LING-KAN CHOU (CHAIRMAN)
STAFF
STRENGTH : 8
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 10,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : TWD 32.8165 = US$1 AS OF 2006-11-8
*Company
Registration*
===================
License
number : 23757359
Date issued :
18 June, 1990
Issuing
authority : Ministry of
Economic Affairs
*Office &
Facilities*
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Size : 503 sq. meters
Location : Taipei City
Facilities : Modern
Property
status : Rented
Type of Building :
Commercial
Comment : Premises is shared
with the following companies :
- DAH CHUNG
TRADING CO LTD
- NEW TOP QUALITY
ENTERPRISE CO LTD
Other fax no. : 2-25078687
*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 : wendy_liao@dcco.com.tw
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.
Ling-kan Chou 99.00
Name Nationality Job Description
Mr. Ling-kan Chou Taiwanese General Manager
Ms. Wendy Liao Taiwanese Sales Manager
*Key Personnel*
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(1)
Mr. Ling-kan Chou
Founder : Sole Founder
Resident
status : Taiwan
Work
experience : More than 5 years
Responsibilities : Handles the overall operation of the
firm including all financials and legal matters.
(2)
Ms. Wendy Liao
Email : wendy_liao@dcco.com.tw
*Main Products
& Services*
======================
Specializes in
importing and domestic sales of chemical products.
Products : Chemical products
Solvent dyestuffs
*Payment Terms*
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Sales
------
Local : Cash
30-60 days credit
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 firms supply similar range of products :
- AFFILIATED
DYESTUFFS & CHEMICALS INC
- BIG KWER
ENTERPRISE CORP
- CHARSON TRADING
CO LTD
- DINGHOME CORP
- FENG KAO INDUSTRIAL
CO LTD
*Local
Distribution Network*
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100% of the annual
turnover is attributed to local sales.
*Export Markets*
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There is no record
of export since the prime focus of the firm's activity is concentrated on local
sales only.
*(Subsidiaries ,
Joint-ventures & Affiliates)
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Company Name : DAH CHUNG TRADING CO LTD
Global Identifier : 31501028
Address : 15Fl Empire Bldg 87
Sung Chiang Rd Chungshan Dist Taipei City 104 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Importer
Industry : Food Products
Company Name : NEW TOP QUALITY ENTERPRISE CO LTD
Global Identifier : P0873023
Address : 15Fl Empire Bldg 87 Sung
Chiang Rd Chungshan Dist Taipei City 104 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Chemicals
Company Name : SIMOSA OIL CO LTD
Global Identifier : P0823225
Address :
15Fl-1 Empire Bldg 87 Sung Chiang Rd Chungshan Dist Taipei City 104 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Chemicals
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*
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Bank : SHANGHAI COMMERCIAL & SAVINGS
BANK
Branch : Taipei
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 $200,000.00 $0.00
$200,000.00
2004 $50,000.00 $0.00
$50,000.00
2005 $300,000.00 $0.00
$300,000.00
Over the past 16 years, SC has made a stable
growth with acceptable profit. It is considered a credit line up to USD10,000
appears to be within SC’s capacities.
Attached: trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service
Description
Importing 2800
Chemicals and Allied
Products
Importing 2899
Chemical preparations
Importing 5169
Chemicals/Allied Prdts,
NEC
HARMONIZED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Code
Product/Service
Description
Importing 3204192550
Solvent dyes & preparations
based thereon
Importing 3800
Miscellaneous chemical
products
Importing 3823905050
Chemical products and preparations
of the chemical or allied industries
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Importing from
Asia
Importing from
India
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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