MIRA
INFORM REPORT
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Report Date : |
22nd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
KAUO HENG PRECISION MACHINERY INDUSTRIAL CO LTD |
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Registered Office : |
20, Lane 14, Ho Ping Rd Panchiao City Taipei
Hsien 220, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
01.06.1981 |
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Com. Reg. No.: |
34451931 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Specializes in the following areas of work: 1. Design and manufacture of flat knitting
machines through the use of the auto CAD system. 2. Manufacture by request according to customer
requirements. 3. Exporting of its manufactured knitting
machines. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD85,000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name & Address
KAUO
HENG PRECISION MACHINERY INDUSTRIAL CO LTD
20, LANE 14, HO PING RD PANCHIAO CITY TAIPEI HSIEN
220, TAIWAN
TEL :886-2-29559258
FAX :886-2-29629153
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 1, 1981
REGISTRATION NO. :
34451931
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. KUO-LING HO (CHAIRMAN)
STAFF STRENGTH :
60
CAPITAL :
US$ 876,663
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 85,000
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : FAIRLY STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : TWD 32.8800 = US$1 AS OF 2006-11-21
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*Company Registration*
===================
License number
: 34451931
Date issued : 1 June,
1981
Issuing authority : Ministry of Economic Affairs (MOEA)
Legal form : Private
Company
*Office & Facilities*
===============
Size :
291 sq. meters
Location : Taipei Hsien
Facilities : Modern
Property status
: Owned by KAUO HENG
PRECISION MACHINERY INDUSTRIAL CO LTD
Type of building
: Commercial & Industrial mixed
Comments : Serve as office, factory and warehouse.
Other Contact Details
-----------------------------
Fax No
: 2-29560273
Email address : kauohneg@ms58.hinet.net
*Corporate & Organization Structure*
=============================
A medium sized company operated and managed by an
owner of the firm.
*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.kauoheng.com.tw The design is
professional and the content is well organized. At present it is both in
Chinese and English version.
Email : kauoheng@ms58.hinet.net
For the
past two years there is no record of litigation.
*Major Shareholders*
===================
Shareholder's Name % of Shares
---------------------------
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Mr. Kuo-ling
Ho
99.00
Name Nationality
Job Description
Mr. Fu-chuan Lin Taiwanese
Sales Manager
Mr. James Hsin-po Lu Taiwanese Sales
Manager
Mr. Kuo-ling Ho Taiwanese
General Manager
*Key Personnel*
==============
Mr. Kuo-ling Ho
Founder : Sole
Founder
Work experience :
More than 25 years.
Responsibilities
: Handles the daily
operation of the firm including all financials and legal matter.
Resident status
: Taiwan
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Design and manufacture of flat knitting machines
through the use of the auto CAD system.
2. Manufacture by request according to customer
requirements.
3. Exporting of its manufactured knitting machines.
Product also include :
- Computerized full Jacquard flat knitting machine
Products : Flat
knitting machines
Knitting machine parts
5-colour strapping machine
Automatic flat knit machines
Collar knitting machines
Brand Kauo Heng
*Payment Terms*
=============
Sales
------
Local : Cash
30-60 days credit
Exports :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : Cash
30-60 days credit
Imports :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
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The following locally based companies supply
similar range of products :
- CHINA MAN-MADE FIBER CORP
- DAH YUAN KNITTING MACHINE CO LTD
- HUNG SHENG KNITTING MACHINERY CO LTD
- JENG OASIS INDUSTRIAL CO LTD
- PAI LUNG MACHINERY MILL CO LTD
*Awards*
========
Received the following awards:
(1)
Award :
Certificate of Small and Medium Enterprise Innovation Research Award
Year :
1996 and 2000
(2)
Award :
Certificate of Excellence
Year :
1996 to 1999
*Exhibition Participation*
===================
Exhibition fair
: Taipei Int'l Textile Machinery Show (TITEX)
Date attended : 25-29 September, 2002
Location : Taipei World Trade Center - Exhibition Hall
(TWTC)
*Detailed Product Specifications*
==========================
(1)
Product : Automatic Jacquard Flat Knitting Machine
Model : KH-626 series
Application : Used for making knitting jacquard collar,
sleeve, hem, fabric pieces, and
related accessories of children, ladies,
and men garments.
Attachments
: - New Yarn Feeder
- Made of special steel that prevents feeders from
shaking during knitting; eliminates yarn breakage and provides for easy
threading.
- Combination Needle Bed
- Its hardness makes the needles move smoothly,
increasing production and decreasing grind of needles.
Specifications
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Power : AC 220V 1/2HP motor, digital inverter,
knitting speed adjustable
Knitting width
: 28", 36", 52", 80"
Knitting speed
: 30-40 rows/min
(for the 52" width)
Yarn carrier : 0.5K changeable, 12 yarn carriers on 3
double rails.
Camsystem
: Single jacquard
system
Stitch density
: 4 separate selections of stitch density
Racking : 1 pitch x 5 times to left or right
Neddle selection
: By jacquard steel card beneath front bed for
any pattern
Fabric take down
: Main rollers and separate small rollers,
with adjustable take-down tension
(2)
Product : Computerized Flat Knitting Machine
Model : KH-313 series
Features : Computer-controlled, with LCD display, data
direct input easy to key in programs, easy
to operate, read and obtain information as to the performance of the machine;
LCD displays the number of pieces to be knitted and how many were already
knitted.
Attachment
: Yarn Feeder
- made of special steel that
prevents feeders from shaking during
knitting; eliminates
yarn breakage and provides for easy threading.
Specifications
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Power : AC 220V 1/3HP motor
Knitting width
: 54"
Knitting speed
: Maximum of 1.2m/sec
Yarn carrier : 12 yarn carries on three double rails
Camsystem
: Single system; tuck on front bed and rear bed, high butt and low
butt system
Stitch density
: Electronic control with stepping motor 00-99
levels
Racking : 6 levels to left or right
Fabric take down
: Compound main rollers,
torque motor control, high speed & low speed
adjustment
(3)
Product : 5-Colour Strapping Machine
Model
: KH-5D series
Specifications
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Power : AC 220V 1/2HP motor
Knitting width
: Needle-bed 26"; 5-colour strapping
maximum 13"
Carriage : 5-color, 2-carriage
Knitting speed
: 2 knitting speeds by inverter control;
maximum speed of 160 courses per
minute
Fabric take down
: Compound main rollers, torque motor control
and speed adjustment
(4)
Product : Computerized Flat Knitting Machine
Model
: KH-323D series
Features : Computer-controlled, with LCD display, data
direct input easy to key in programs, easy to operate, read and obtain
information as to the performance of the machine; LCD displays the number of
pieces to be knitted and how many were already knitted.
Attachment
: Yarn Feeder
- made of special steel that
prevents feeders from shaking during knitting; eliminates yarn breakage and
provides for easy threading.
Specifications
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Power : AC 220V 1/2HP motor
Knitting width
: 60" (26"x 2), 80"
(36"x2)
Knitting speed
: Maximum of 1.2m/sec
Yarn carrier : 12 yarn carries on three double rails
Camsystem : Double system or tandem 1+1 system with a
variable adjustable stroke
carriages.
Stitch density : Electronic control with stepping motor 00-99
levels
Racking : 6 levels to left or right
Fabric take down
: Compound main rollers,
torque motor control, high speed & low speed
adjustment
(5)
Product : Computerized Full Jacquard Flat Knitting
Machine
Model : KH-112 series
Features : Designed for high speed and easy replacement
in the event of accidental damage; equipped with shock sensor stop motion
device.
Specifications
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Power : 3-phase AC 220V 50/60Hz
Knitting width
: 60" (152 cm), 80" (230 cm)
Knitting speed
: Maximum of 1.2m/sec
Yarn carrier : 12 yarn carries on three double rails
Camsystem : Tandem single camsystem, twin carriage
Needle selection
: Full jacquard selection via special
solenoids
Stitch density : 30 levels independent selection; electronic
control with stepping motor 00-198
steps
Racking : By servo motor and high precision ball screw
system
Fabric take down
: Main roller : 32 levels interchangeable tensions,
automatically adjusted on each level; Sub roller : individual variable speed motor control and speed adjustment.
(6)
Product : Computerized Full Jacquard Flat Knitting
Machine
Model : KH-200 series
Features : Designed for high speed and easy replacement
in the event of accidental damage; equipped with shock sensor stop motion
device.
Specifications
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Power : 3-phase AC 220V 50/60Hz
Knitting width
: 60" (152 cm), 80" (230 cm)
Knitting speed
: Maximum of 1.2m/sec
Yarn carrier : 12 yarn carries on three double rails
Camsystem : Tandem single camsystem, twin carriage
Needle selection
: Full jacquard selection via special
solenoids
Stitch density : 30 levels independent selection; electronic
control with stepping motor 00-198
steps
Racking : By servo motor and high precision ball screw
system
Fabric
take down : Main roller : 32 levels interchangeable tensions,
automatically adjusted on each
level
(7)
Product : Computerized Flat Knitting Machine
Model : KH-300 series
Features : Computer-controlled, with LCD display, data
direct input easy to key in programs, easy to operate, read and obtain
information as to the performance of the machine; LCD displays the number of
pieces to be knitted and how many were already knitted.
Specifications
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Power : 3-phase AC 220V 50/60Hz
Knitting width
: 46" (117cm)
Knitting speed
: Maximum of 1.2m/sec
Yarn carrier : 12 yarn carries on three double rails
Camsystem : Tandem single camsystem, twin carriage
Stitch density : 30 levels independent selection, electronic
control with stepping motor 00-198
steps
Racking : By servo motor and high precision ball screw
system
Fabric take down : Main roller : 32 levels interchangeable tensions,
automatically adjusted on
each level;
Sub roller
: individual variable speed motor control and
speed adjustment.
*Local Distribution Network*
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10% of the annual turnover is attributed to local
sales.
*Export Markets*
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90% of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING :3 OBTAINED
SCORES : 58
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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)
===============================
Year Imports
Exports Total
2003 $886,950.98
$10,062,290.97 $10,949,241.95
2004 $300,000.00
$9,000,000.00 $9,300,000.00
2005 $400,000.00
$10,000,000.00 $10,400,000.00
SC is
considered an old-established business with stable development trend. It is
considered a credit line up to USD85,000 appears to be within SC’s capacities.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Manufacturing
3500 Industrial Machinery & Equipment
Manufacturing
3552 Textile machines, and parts and attachments,
Manufacturing
3569 General industrial machinery and equipment, and parts
Manufacturing
3589 Service industry machines and equipment, and parts
Manufacturing
5084 Industrial Machinery/Equip
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Exporting 8447200000 Flat knitting machines; stitch-bonding machines
Importing 8448591000 Parts of knitting machines
Manufacturing
8422409040 Strapping machines
Manufacturing
8445900000 Machinery for producing textile yarns and
machines for preparing textile
yarns
for use on the machines of heading 8446 or 8447
Manufacturing
8447 Machines, knitting, stitch-bond, lace, net etc.
Manufacturing
8447200000 Flat knitting machines; stitch-bonding
machines
Manufacturing
8447202000 V-bed flat knitting machines, power driven
flat knitting machines over
50.8
cm in width
Manufacturing
8447900000 Knitting machines, and machines for making
gimped yarn, tulle, lace,
embroidery,
trimmings, braid or net and machines for tufting
Manufacturing
8448 Auxiliary machinery for use with textile machines
Manufacturing
8452219000 Sewing machines, automatic units
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Product/Service Description
Manufacturing
Computer knitting machinery
Manufacturing
Machine accessories
Manufacturing
Strapping machines
Manufacturing
Textile machine accessories
Manufacturing
Warp knitting machines
Manufacturing
Textile machinery
Manufacturing
Sweater knitting machine
Manufacturing
Precision machines
Manufacturing
Knitting machines
Manufacturing
Jacquard flat knitting machine
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Africa
Exporting to Asia
Exporting to Brazil
Exporting to China
Exporting to Egypt
Exporting to Hong Kong
Exporting to Indonesia
Exporting to Malaysia
Exporting to Myanmar
Exporting to Pakistan
Exporting to Philippines
Exporting to South Africa
Exporting to South America
Exporting to Sri Lanka
Exporting to Thailand
Exporting to Turkey
Exporting to Vietnam
Importing from Asia
Importing from Japan
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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