MIRA
INFORM REPORT
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Report Date : |
17.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
KUO YUAN MARBLE CO LTD |
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Registered Office : |
168 Min Chuan St Hsincheng Hsiang Hualien Hsien 971 |
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Country : |
Taiwan |
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Date of Incorporation : |
August 20, 1973 |
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Com. Reg. No.: |
94637362 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing, marketing and domestic sales of granite and nacrite
slabs (polished and unpolished). Importing raw materials such as granite and nacrite blocks. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
KUO YUAN MARBLE CO LTD
168 MIN CHUAN ST HSINCHENG HSIANG
HUALIEN HSIEN 971, TAIWAN
TEL : 886-3-8267717
FAX : 886-3-8266659
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 20, 1973
REGISTRATION NO. :
94637362
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MRS. CHENG-YU CHEN (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 873,231
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.17534 = US$1 AS OF 2006-4-17
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*
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License number : 94637362
Date issued : 20 August, 1973
Issuing authority : Ministry of Economic Affairs (MOEA)
*Licenses & Permits*
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License number : 9966682700
Date issued : 25 March 1974
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory license
*Office & Facilities*
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Size : 1,377 sq. meters (approx.)
Location : Hualien Hsien
Facilities : Semi-modern
Property status : Owned by KUO YUAN MARBLE CO LTD.
Type of building : Industrial building
Comment : Serves as office, factory and
warehouse.
*Corporate & Organization Structure*
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A small-medium specialized company operated and managed by an
experienced team of professionals.
*Reputation*
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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.
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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Mr. Chin-chia Wang 206
Mrs. Cheng-yu Chen 205
Ms. Hsu-ni Wang 159
Mr. Yun-ting Wang 100
Management: Mrs. Cheng-yu Chen, General Manager
Name Nationality
Job Description
Mrs. Cheng-yu Chen Taiwanese General Manager
*Key Personnel*
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Mrs. Cheng-yu Chen
Founder : Co-founder
Resident status :
Taiwan
Work experience : More
than 15 years experience.
Responsibilities : Handles the daily operation of the
firm including all financials, sales and legal matters.
*Main Products & Services*
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Specializes in the following areas of work:
1. Manufacturing, marketing and domestic sales of granite and nacrite
slabs (polished and unpolished).
2. Importing raw materials such as granite and nacrite blocks.
Products: Granite
Granules
Nacrite
Saw blades
Inca rose
*Payment Terms*
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Sales
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Local : Cash
30 - 90 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchase
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Local : 30 - 90 days credit
Import : Letter of Credit (L/C)
Document against
Acceptance (D/A) settlement using Bank wire transfer (T/T)
*Competitors*
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The following locally based firms supply similar range of products:
- KUANG HUA STONE ENTERPRISE CO LTD
- CHINQ KANG TRADING CO LTD
- LI KUO STONE CO LTD
- SUNG STONE ENTERPRISE CORP
*Local Distribution Network*
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Majority of the annual turnover is attributed to local sales mainly
through direct sales to end-user customer and
local reseller.
*Export Markets*
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Small percentage 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 local corporate law for
public disclosure of detailed financials.
SC is considered an old-established business with stable growth. Credit
dealings with SC in moderate amount can
be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 1423 Crushed/Broken
Granite
Importing 3425 Hand
saws and saw blades
Importing 5039 Construction
Materials, NEC
Manufacturing 1423 Crushed/Broken
Granite
Manufacturing 5032 Brick/Stone/Const
Materials
Manufacturing 5039 Construction
Materials, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2516110000 Granite, crude or roughly trimmed
Importing 7205100000 Granules, iron or steel
Importing 8202990000 Other saw blades and parts, base metal
Manufacturing 2516 Granite,
porphyry, basalt etc., crude or cut etc.
Manufacturing 2516120000 Granite,
cut into blocks or slabs
Manufacturing 6802930000 Granite
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Manufacturing Granite flagstone
Manufacturing Nacrite slabs
Manufacturing Nacrite
Manufacturing Inca rose
Manufacturing Granite slabs
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Importing from Asia
Importing from China
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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)