MIRA
INFORM REPORT
|
Report Date : |
19.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
WOODFIELD CO LTD |
|
|
|
|
Registered Office : |
46 Wen Chang St Ta-An Dist Taipei City 106 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
December 26, 1979 |
|
|
|
|
Com. Reg. No.: |
34313564 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importing of finished plywood |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
WOODFIELD CO LTD
46 WEN CHANG ST TA-AN DIST TAIPEI CITY 106, TAIWAN
TEL: 886- 2-27009262
FAX: 886-2-27060627
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 26, 1979
REGISTRATION NO. :
34313564
LEGAL FORM : PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MS. HUI-LAN SU (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 150,557
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE :
SMALL AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.1461 = US$1 AS OF 2007-4-19
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 : 34313564
Date issued : 26
December, 1979
Issuing authority : Ministry of
Economic Affairs (MOEA)
*Office & Facilities*
================
Size : 115 sq
meters (Approx)
Location : Taichung
City
Property status : Rented
Type of building : Industrial
& Commercial building
*Corporate & Organization Structure*
=============================
A small family-owned business operated and managed by the owners.
*Factories, Size & Locations*
=======================
The company is a trading house focused on importation of overseas
products, and maintains no manufacturing facilities.
*Reputation*
===========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
Email : wdfd@ms24.hinet.net
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Ownership*
==========
Chairman : Ms. Hui-lan Su
Nationality : Taiwanese
*Major Shareholders*
=================
Shareholder's Name
No. of shares
---------------------------
------------------
Ms. Hui-lan Su
3,000,000
Management : Ms. Hui-lan Su, Managing Director
*COMPANY MANAGEMENT *
=========================
Name Nationality
Job Description Dept. / Division
Ms. Hui-lan Su Taiwanese Managing Director -
*Key Personnel*
=============
Ms. Hui-lan Su
Founder : Sole
Founder
Work experience : More than 10 years
Responsibilities : Handles the
overall management of the company.
Resident status : Taiwan
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Importing of finished plywood
- Used for furniture, doors,
ceiling, partition and general building applications.
- Covered with a selection of veneer or melamine.
2. Warehousing, distribution and
sales to domestic retailers
Products : Plywood primary & secondary
Decorative
building materials
Moulded &
curved plywood
Plywood
*Payment Terms*
==============
Sales
-------
Local : Cash on delivery (COD)
Credit
Purchases
--------------
Local : 30-60 days credit.
Import: Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Competitors*
============
The following locally based firms supply similar range of products:
- CAXTON INT'L CORP
- CHE KO WOOD CO LTD
- CHING CHU-YANG INT'L CO LTD
- CHYR PERNG CO LTD
- FAR STAR TRADING CO LTD
*Local Distribution Network*
=======================
100% of the annual turnover is attributed to local sales.
*Domestic Customers*
==================
Major local customers include local building material retailers and large
wholesalers.
*Export Markets*
==============
There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
*International Trade Activity*
=======================
At the time of preparing this report, 2006 figures had not yet been
released by the Ministry of Finance.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 47
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
*Bank Details*
============
Bank Name : TAIPEI FUBON COMMERCIAL BANK CO LTD
Branch : Sungshan Dist,Taipei City
Branch Address : Taiwan Glass Bldg 261 Nanking East Rd Section 3
Account No. : 470-170-0011240
SWIFT Code : TPBKTWTP
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 $370,000.00 $38,000.00 $408,000.00
2004 $320,000.00 $30,000.00 $350,000.00
2005 $250,000.00 $0.00 $250,000.00
SC is considered small-sized in its line with an acceptable base to come
into credit dealings of small amount.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2491 Wood
products, preserved or treated
Manufacturing 2400 Lumber
and Wood Products
Manufacturing 2435 Hardwood
veneer and plywood
Manufacturing 2436 Softwood
veneer and plywood
Manufacturing 5031 Lumber/Plywood/Millwork
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 4412191000 Plywood, face ply of parana pine, both outer plies of softwood,
solely of sheets of
wood,
not surface covered or surface covered with a clear material
Manufacturing 4412 Plywood,
veneered panels & similar laminated wood
Manufacturing 4412995500 Plywood
Manufacturing 4421 Articles
of wood
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Importing from Africa
Importing from Asia
Importing from India
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)