MIRA
INFORM REPORT
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Report Date : |
8th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
HYS ENTERPRISE COMPANY LIMITED |
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Registered Office : |
81-2 An
Tung Rd Section 5 Annan Dist Tainan City 709, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
10.04.2006 |
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Com. Reg. No.: |
28145436 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Specializes in recycling of stainless metal
scrap. |
RATING & COMMENTS
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MIRAs Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small
Company |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name & Address
HYS ENTERPRISE CO LTD
81-2 AN TUNG RD SECTION 5 ANNAN DIST TAINAN CITY 709, TAIWAN
TEL :886-6-2477000
FAX :886-6-2819752
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 10, 2006
REGISTRATION NO. :
28145436
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. CHIN-CHIA TSAI (CHAIRMAN)
STAFF STRENGTH :
12
CAPITAL :
US$ 15,625
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE :
COD TO SMALL AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION :
N/A
EXCHANGE RATE : TWD 32.8216 = US$1 AS OF 2006-11-8
*Company Registration*
===================
License number
: 28145436
Date issued : 10 April, 2006
Issuing authority
: Ministry of Economic Affairs (MOEA)
*Registered Office*
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Although the company is operating its main business
from the address listed above, the actual business license is legally registered at:
Address :
25 Alley 108, Lane 65, Hsi Men Rd Section 4, North District, Tainan City 704
*Office & Facilities*
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Other fax no. : 6-2550094
*Corporate & Organization Structure*
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A small sized company mainly operated and managed
by the owner.
*Reputation*
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Due to the recent incorporation of the firm, and
the relatively small nature of it's business, no meaningful points of reference
in terms of reputation within the respective industry was possible.
Web
site: www.hsku.com
The design is professional and the
content is well organized. At present it is in English version.
Email : stainless@hsku.com
For the
past two years there is no record of litigation.
*Major Shareholders*
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Shareholder's Name % of Shares
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Chin-chia
Tsai 99.00
Name Nationality
Job Description
Mr. Chin-chia Tsai Taiwanese
General Manager
*Key Personnel*
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Chin-chia Tsai
Founder : Sole-founder
Work experience
: More than 5 years.
Responsibilities
: Daily operation of the
firm including all financial, sales and legal matters.
*Main Products & Services*
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Specializes in recycling of stainless metal scrap.
Products : Metal
scrap collecting
Metal scrap recycling
Metal scraps
Stainless steel scrap
*Trading Name*
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Investigations reveal that HYS ENTERPRISE CO LTD
currently uses HSKU RAW MATERIAL LTD as its trading name.
*Competitors*
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The following locally based companies supply
similar range of products :
- YUH HORNG METAL ENTERPRISE CO LTD
- METALS RECYCLING ENGINEERING ASIA LTD
- TAIWAN MAY CHIA METAL CO LTD
*(Subsidiaries , Joint-ventures & Affiliates)
===============================
Company Name :
CHEMETAL LTD
Global Identifier :
P0873008
Country :
China
Relationship :
Affiliate
Legal Form :
Private Limited Company
Company Type :
Trader
Industry :
Metals & Metal Products
Company Name :
GLORY SHIN ENTERPRISE CO LTD
Global Identifier :
P0873011
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Private Limited Company
Company Type :
Trader
Industry :
Metals & Metal Products
Company Name :
HSING KU ENTERPRISES CO LTD
Global Identifier :
P0873012
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Private Limited Company
Company Type :
Trader
Industry :
Metals & Metal Products
PAYMENT RATING :4 OBTAINED SCORES :
35
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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.
Dealings on open terms may be possible for SMALL
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.
SC was
established recently in a small size, and its credit has not been established
yet. Credit dealings with SC should be confined into small amount at present.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Service 3341 Secondary smelting and refining of nonferrous metals
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Service 9881 Recycling
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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