MIRA
INFORM REPORT
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Report Date : |
17.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
NUMBER ONE ENTERPRISE CO LTD |
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Registered Office : |
65 Mei Kung Rd Hualien City Hualien Hsien 970 |
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Country : |
Taiwan |
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Date of Incorporation : |
April 25, 1989 |
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Com. Reg. No.: |
23251083 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing of stone raw materials. Manufacturing of stone tiles and related products. |
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
NUMBER ONE ENTERPRISE CO LTD
65 MEI KUNG RD HUALIEN CITY HUALIEN HSIEN 970, TAIWAN
TEL : 886-3-8226136
FAX : 886-3-8227145
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 25, 1989
REGISTRATION NO. :
23251083
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. CHAO-FAN LEE (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 451,671
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 33.17997 = 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*
===================
License number : 23251083
Date issued : 25 April, 1989
Issuing authority : Ministry of Economic Affairs (MOEA)
*Licenses & Permits*
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License number : 996693000
Date issued : 14 September, 1994
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory license
*Office & Facilities*
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Size : 1759 square meters (approx.)
Property status : Rented and shared with I-HWA STONE
ENTERPRISE CO LTD.
Type of building : Industrial building
Previous Contact Details
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Address : 8Fl-2, 506 Sung Chiang Rd Taipei City
104 Taiwan
20, Lane 601, Chung Shan Rd 970 Hualien
Hsien
Tel no. : 2-25950976
Fax no. : 2-25953535
*Factories, Size & Locations*
=======================
Size : 396 square meters (approx.)
Property status : Owned by NUMBER ONE ENTERPRISE CO
LTD
Type of building : Industrial
building
*Corporate & Organization Structure*
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A small-sized company operated and managed by the 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.
E-mail: u038226136@yahoo.com.tw
For the past two years there is no record of litigation.
Major Shareholders*
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Shareholder's Name
No. of Shares
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Mr. Chao-fan Lee 425
Ms. Pi-yun Huang 150
Ms. Mei-lien Chang 150
Ms. Su-tan Lee 100
Management : Mr. Chao-fan Lee, Manager
Name Nationality
Job Description
Mr. Chao-fan Lee Taiwanese
Manager Sales
*Key Personnel*
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Mr. Chao-fan Lee
Founder :
Co-founder
Resident status : Taiwan
Years of experience : More than
10 years
Responsibility : Daily
operation of the firm including all financial and legal matters.
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing of stone raw materials.
2. Manufacturing of stone tiles and related products.
Products: Granite tiles
Marble tiles
Serpentine
tiles
Stone raw
materials
Stone tiles
*Payment Terms*
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Sales
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Local : 30-60 days credit
Cash
Purchases
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Local : 30-90 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:
- CHIOU HO-FONG MARBLE CO LTD
- DAH CHING MARBLE CO LTD
- DIING HAO STONE CO LTD
- EDEH MARBLE INDUSTRIAL CO LTD
- GEMBRIGHT ENTERPRISE CORP
*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.
*LOCAL BRANCHES & MANAGEMENT*
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Branch : NUMBER ONE ENTERPRISES CO LTD - TAIPEI HSIEN
Branch Address : 56-73 Chung Shan Rd Pali Hsiang, Taipei Hsien 249
Branch Tel : [+886] 2-86303956
Branch Fax : [+886] 2-86303957
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : I-HWA STONE
ENTERPRISE CO LTD
Global Identifier : 31517026
Address : 65 Mei Kung Rd Hualien City 970 Hualien Hsien Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Construction & Construction Materials
PAYMENT RATING : 3 OBTAINED SCORES : 51
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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
2004 $35,000.00 $0.00 $35,000.00
2005 $230,000.00 $0.00 $230,000.00
SC is considered small-sized in its line with stable growth. Credit in the
range of moderate amount can be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 1743 Tile,
Marble, Mosaic Work
Manufacturing 3253 Ceramic
wall and floor tile
Manufacturing 3281 Cut
stone and stone products
Manufacturing 5032 Brick/Stone/Const
Materials
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 6802210000 Marble,
travertine and alabaster, simply cut or sawn, with a flat or even surface
Manufacturing 6802930000 Granite
Manufacturing 6810195000 Articles,
of cement, concrete or artificial stone except bldg blocks & bricks, floor
or
wall tiles
Manufacturing 6901 Bricks,
blocks, tiles & other ceramic goods slcs earth
Manufacturing 6904 Ceramic
building bricks, flooring blocks, tile etc
INTERNATIONAL TRADE : ACTIVITY & MARKETS
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%)