MIRA
INFORM REPORT
|
Report Date : |
27.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
PURE RISER TRADING CO |
|
|
|
|
Registered Office : |
9FL, 5 Chien Yi Rd Chungho City Taipei Hsien 235 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
July 21, 1995 |
|
|
|
|
Com. Reg. No.: |
89643815 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Importing, selling and distributing a range of food
condiments to domestic markets. Re-packing imported bulk supplies suitable for consumption
by small food manufacturers. |
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 |
|
Maximum Credit Limit : |
USD 25,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
PURE RISER TRADING CO
9FL, 5 CHIEN YI RD CHUNGHO CITY TAIPEI HSIEN 235, TAIWAN
TEL : [+886] 2-22253666
FAX : [+886] 2-22267055
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY.21, 1995
REGISTRATION NO. :
89643815
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. SHU-YEN HSU (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 451,671
BUSINESS LINE :
TRADER
TURNOVER :
US$1,222,116.90 (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
USD 25,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.25234 = US$1 AS OF 2007-4-27
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 :
89643815
Date issued
: 21 July, 1995
Issuing authority : Ministry of Economic Affairs (MOEA)
*Factories, Size & Locations*
======================
Size
: 180 square meter (Approx.)
Facilities
: Modern
Location
: Taipei Hsien
Property status
: Owned by PURE RISER TRADING
CO.
Type of building : Industrial building
Comment
: Serves as office, workshop
and warehouse.
Other fax nos.
: 2-82216339
*Corporate & Organization Structure*
============================
A small sized company operated and managed by the Owner and
family members.
*Licenses & Permits*
================
License number :
9969082400
Date issued
: 27 May, 2003
Issuing authority :
Industrial Development Bureau, MOEA
Type of license : Factory license
*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.pureriser.com.tw
The design is professional and
the content is well organized. At present it is in Chinese version.
Email : pure.riser@msa.hinet.net
For the past 12 years there is no record of litigation.
*Major Shareholders*
=================
Shareholders' Name No. of Shares % of Shares
---------------------------- ------------------- ---------------
Ms. Shu-yen Hsu 7,250,000 48.00
Undisclosed Shareholders -- 52.00
Management : Mr. Min-hsiung Shih, General Manager
Ms. Shu-yen Hsu, President
Name Nationality Job Description
Mr. Min-hsiung Shih
Taiwanese General Manager
Ms. Shu-yen Hsu
Taiwanese
President
*Key Personnel*
============
Ms. Shu-yen Hsu
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*
======================
Specializes in the following areas of work :
1. Importing, selling and distributing a range of food
condiments to domestic markets.
2. Re-packing imported bulk supplies suitable for
consumption by small food manufacturers.
Products : Egg albumin
Milk
albumins
Whey
protein concentrate
Black pepper
Ferula
*Payment Terms*
=============
Sales
------
Local : Cash
30 - 90
days credit
Purchase
-------------
Local : 30 - 90 days credit
Import : Letter of Credit (L/C)
Document against Acceptance (D/A)
Open
account / D/A terms with settlement using Telegraphic Transfer (T/T)
*Competitors*
===========
The following locally based companies supply similar range
of products :
- AKEBONO FORMOSA CORP
- MISS SPICE TRADE CO LTD
- YEOU TAY CHEMICAL ENTERPRISE CO LTD
- MASCOT STAR CO LTD
*Domestic Customers*
================
Mostly supplying local foods manufacturers.
*Local Distribution Network*
=======================
100% of the annual turnover is attributed to local
sales.
*International Trade Activity*
=======================
Note: At the time of preparing this report the Taiwan
Ministry of Economic Affairs has not yet released trade figures for 2006.
*Export Markets*
==============
There is no record of export since the prime focus of the
firm's activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 4 OBTAINED SCORES : 45
|
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.
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.
*Bank Details*
===========
Bank Name : BANK OF TAIWAN
Branch : Taipei City
Branch Address : 380 Kangding Rd Lung Shan
SWIFT Code : BKTWTWTP
Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Chungshan Dist,Taipei City
Branch Address : 100 Chi Lin Rd Chungshan Dist Taipei City
104 (Head Office)
SWIFT Code : ICBCTWTP
*Int´l Trade Activity
(Currency: U.S. $'s)
===============================
Year
Imports Exports
Total
2003
$650,000.00 $0.00 $650,000.00
2004
$710,000.00 $0.00 $710,000.00
2005
$780,000.00 $0.00 $780,000.00
*Financial Summary (Currency: U.S. $'s)
=================================
Year Sales Assets Net Income
2005
$1,222,116.90
$410,868.88 $98,262.24
Over the past 12 years, SC has made a stable growth with
satisfactory profit. It is considered a credit line up to USD 25,000 appears to
be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service
Description
Importing 2099 Food products
Trading 2000 Food and Kindred Products
Trading 2035 Pickled fruits and vegetables, vegetable sauces
and seasonings, and salad
dressings
Trading
2099 Food
products
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3502110000 Egg albumin, dried
Importing 3502200000 Milk albumins,
including concentrates of two or more whey proteins
Trading 0404900500 Whey protein
concentrates, whether or not sweetened
Trading 0408110000 Egg yolks, dried,
whether or not sweetened
Trading 0904 Pepper,
genus piper; genus capsicum or pimento
Trading 0909 Seeds,
anise, badinage, fennel, coriander, cumin etc
Trading 2103 Sauces
& prep; mixed condiments, mustard flour etc
Trading 3301301020 Black pepper
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trading
Powdered egg yolk
Trading
White pepper
Trading
Whole egg powder
Trading
Whey protein
concentrate
Trading
Preservatives
Trading
Pepper salt condiments
Trading
Food condiments
Trading
Cumin
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Importing from Asia
Importing from China
Importing from Europe
Importing from India
Importing from Italy
Importing from North America
Importing from USA
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%)