MIRA
INFORM REPORT
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Report Date : |
23rd
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
KHS SYNCHEMICA CORP |
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Registered Office : |
10fl
Traders Bldg 65 Nanking East Rd Section 3
Chungshan Dist Taipei City 104, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
13.05.1986 |
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Com. Reg. No.: |
22049169 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged
in trading agricultural pesticides & medicine raw materials. |
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 : |
USD 80,
000 |
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Status : |
Satisfactory
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company name & Address
KHS SYNCHEMICA CORP
10FL
TRADERS BLDG 65 NANKING EAST RD SECTION 3
CHUNGSHAN DIST TAIPEI CITY 104, TAIWAN
TEL :886-2-25093130
FAX :886-2-25093246
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 13, 1986
REGISTRATION NO. :
22049169
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. KURT WEI-CHUNG CHANG (CHAIRMAN)
STAFF STRENGTH :
14
CAPITAL :
US$ 529,021
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : USD
80,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE : TWD 32.7669 = US$1 AS OF 2006-11-23
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
: 22049169
Date issued : 13 May,
1986
Issuing authority
: Ministry of Economic Affairs
*Company Name*
==============
Incorporated as : HELM TONG SING
CHEMICAL CORP
Date of incorporation : 13 May, 1986
Changed name to : HELM TONG SING
CORP
Changed name to : KHS SYNCHEMICA
CORP
*Office & Facilities*
================
Other e-mail : hts@helmts.com
*Corporate & Organization Structure*
============================
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.
Web
site: www.khs-synchemica.com
SC’s
website is unable to be landed at present for the technical reason.
Email : khs@khs-synchemica.com
For the
past two years there is no record of litigation.
*Major Shareholders*
===================
Shareholders' Name No. of shares
--------------------------
------------------
Mr. Kurt Wei-chung Chang 875,000
Mr. Yi-shen Hsu 349,600
Mr. Wen-ping Liao 87,500
Mr. Hung-chih
Wu
0
Name Nationality
Job Description
Mr. Kurt Wei-chung Chang Taiwanese General
Manager
Mr. Yi-shen Hsu Taiwanese
Director
*Key Personnel*
=============
Mr. Kurt Wei-chung Chang
Founder :
Co-Founder
Resident status : Taiwan
Work experience : More than 20
years.
Responsibilities : Handles the
daily operation of the firm including all financials and legal matters.
*Main Products & Services*
=====================
Specializes in trading agricultural pesticides
& medicine raw materials.
Products : Aromatic
compounds
Carboxymethylcellulose
Dextrins
Pseudoephedrine
Cellulose
*Payment Terms*
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Sales
------
Local : Cash
30-60 days credit
Exports :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : Cash
30-90 days credit
Imports :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
===========
The following five (5) locally based companies
supply similar range of products :
- AGROTECH UNITED CORP
- GREEN MOUNTAIN CO LTD
- HOECHST TAIWAN CO LTD
- PAN-OCEAN FOREST DEVELOPMENT CO LTD
- SEISHING TRADING CO LTD
*Local Distribution Network*
=====================
50% of the annual turnover is attributed to local
sales.
*IMPORTER AGENCY LISTING*
==========================
Supplier :
HELM AG
Global Identifier :
P0006222
Country of Origin :
Germany
Product Description : Agricultural chemicals
Brand :
Helm
Year :
1989
Supplier :
HELM AG
Global Identifier :
P0006222
Country of Origin :
Germany
Product Description : Agricultural chemicals
Brand :
Helm
Year :
1989
Supplier :
HELM AG
Global Identifier :
P0006222
Country of Origin :
Germany
Product Description : Agricultural chemicals
Brand :
Helm
Year :
1989
*Export Markets*
=============
50% of the annual turnover is attributed to export.
*International Trade Ranking*
=======================
The firm has been ranked among Taiwan's Top
Importers/Exporters based on the standard measured by the Board of Foreign
Trade (BOFT)
Details of rank are as follows :
Year Rank
------ -------
1997 2681
*(Subsidiaries , Joint-ventures &
Affiliates)
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Company Name :
TONG SING CHEMICALS CO LTD
Global Identifier :
31505165
Address :
6Fl, 45 Chih Lin Rd Chungshan Dist Taipei City 104 Taiwan
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Private Limited Company
Company Type :
Trader
Industry :
Chemicals
PAYMENT RATING :3 OBTAINED SCORES :
61
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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 privately owned 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.
*Financial Summary
(Currency: U.S. $'s)
===============================
Year Sales
Assets Net Income
2004 $15,578,947.37 $4,451,127.82 $206,917.29
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports
Exports Total
1992 $200,000.00
$6,400,000.00 $6,600,000.00
1996 $1,300,000.00
$10,200,000.00 $11,500,000.00
1997 $2,000,000.00
$4,600,000.00 $6,600,000.00
1998 $2,100,000.00
$6,500,000.00 $8,600,000.00
2003 $1,000,000.00
$2,500,000.00 $3,500,000.00
2004 $1,500,000.00
$2,500,000.00 $4,000,000.00
2005 $2,000,000.00
$2,500,000.00 $4,500,000.00
SC is
considered small-sized in its line with favorable market conditions. It is
considered a credit line up to USD80,000 appears to be within SC’s capacities.
ATTACHED: TRADE REFERENCES
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Exporting 5169 Chemicals/Allied
Prdts, NEC
Importing 5122 Drugs/Druggists'
Sundries
Trading 2800 Chemicals and Allied Products
Trading 2834 Pharmaceutical preparations
Trading 2869 Industrial
organic chemicals,
Trading 2879 Agricultural pesticides and other agricultural
chemicals,
Trading 2899 Chemical preparations
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service
Description
Exporting 2914700000 Halogenated, sulfonated, nitrated or nitrosated derivatives of
ketone-
alcohols
and ketone-aldehydes
Exporting 2939420000 Pseudoephedrine and its salts
Exporting 2942000000 Organic compounds
Exporting 3505100000 Dextrins and other modified starches
Exporting 3912310000 Carboxymethylcellulose and its salts
Exporting 3912900000 Cellulose and its chemical derivatives,in primary forms,
Importing 2905430000 Mannitol
Importing 2924290100 P-acetanisidide; p-acetoacetatoluidide;
4-amino-n-methyl-acetanilide;
2,5-dimethoxyacetanilide;
and n-(7-hydroxy-1-naphtyl)-acetamide
Importing 2933110000 Phenazone (antipyrine) and its derivatives
Importing 2933909000 Drugs (excluding aromatic or mod-aromatic) with nitrogen
hetero-atom(s)
only
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Product/Service Description
Importing Caffeine
Importing Fungicides
Importing Mannitol
Importing P-acetanisidide
Importing Drugs
Importing Vitamin C
Importing Phenazone
Trading Agricultural chemicals
Trading Agricultural pesticides
Trading Medicine raw materials
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Brazil
Exporting to Europe
Exporting to Iran
Exporting to Mexico
Exporting to Middle East
Exporting to North America
Exporting to Portugal
Exporting to USA
Importing from Asia
Importing from China
Importing from Europe
Importing from Germany
Importing from India
Importing from Slovak Republic
Importing from USA
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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