MIRA
INFORM REPORT
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Report Date : |
07.08.2007 |
IDENTIFICATION DETAILS
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Name : |
LIEN KUO METAL INDUSTRIAL CO. LTD. |
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Registered Office : |
17 Pao AN RD Yung-An Hsiang Kaohsiung Hsien 828 |
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Country : |
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Date of Incorporation : |
09.11.1981 |
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Com. Reg. No.: |
76358653 |
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Legal Form : |
Private |
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Line of Business : |
Specializes in three (3) main areas of work: 1. Imports of stainless steel and other steel related raw materials. 2. Value-added processing of stainless steel and steel coil, including
CNC cutting and sheet/plate shearing. 3. Exporting and domestic sales of finished 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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Maximum Credit Limit : |
USD 300, 000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Name &
address
LIEN KUO METAL INDUSTRIAL CO LTD
17 PAO AN RD YUNG-AN HSIANG
TEL: [+886] 7-6916699 FAX:
[+886] 7-6916699
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER.9, 1981
REGISTRATION NO. :
76358653
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MRS. LI-CHING WUYEN (CHAIRMAN)
STAFF STRENGTH :
27
CAPITAL :
US$ 7,552,870
BUSINESS LINE :
MANUFACTURER
TURNOVER :
US$18,893,591.29 (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.9298 = US$1 AS OF 2007-8-6
History
*Company Name*
=============
Incorporated as :
PACIFIC STEEL INT'L TRADE CORP
Date of incorporation : 9
November, 1981
Changed name to : LIEN KUO
METAL INDUSTRIAL CO LTD
Date of change :
N/A
*Company History*
===============
July 2005 -
Opened up Yong-an Warehouse in order to provide more competitive pricing, more
product variety, faster delivery and better services.
*Licenses & Permits*
================
License number : 99704797
Date issued : 12
September 2005
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
*Company Registration*
===================
License number : 76358653
Date issued : 9 November,
1981
Issuing authority : Ministry
of Economic Affairs (MOEA)
Type of license : A company
owned by shareholders, incorporated with limited liability and confirmed with the respective Government
authorities to legally exist.
*Office & Facilities*
===============
Size : 497
sq. meters (Approx.)
Location :
Property status : Rented
Type of building : Industrial
Facilities : Modern
Other Contact Details
----------------------------
E-mail : enquiry@lienkuo.com.tw
Tel. no : 7-6916161
Previous Contact Details
-----------------------------------
Address :
Tel no. : 7-3115548
Fax no. : 7-3229292
*Factories, Size & Locations*
======================
Size : 1,097 sq. meters (Approx.)
Location :
Property status : Owned by LIEN
KUO METAL INDUSTRIAL CO LTD
Type of building : Industrial
Facilities : Modern
*Corporate & Organization Structure*
============================
A medium-sized company operated and managed by an experienced team of
professionals.
Organizational Chart
----------------------------
CEO
_____________________________________|____________________________________ | | | | | | | |
Warehouse LogisticsCNC Account
Domestic Sales Overseas SalesHR & FinanceAdministration
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
website
Web site: www.lienkuo.com.tw The design is
professional and the content is well organized. At present it is both in
Japanese and English versions.
Email: lk.sw@msa.hinet.net
litigation
For
the past 26 years there is no record of litigation.
Ownership/management
background
*Major Shareholders*
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Shareholders' Name
No. of Shares
-------------------------- -----------------
Ms. Meng-yu Wu
4,067,925
Mr. Ming-hui Wu
2,969,434
Mrs. Li-ching Wuyen
2,886,792
Ms. Yu-fang Wu
35,094
management
Management: Ms. Li-fen Lin, Analyst
Ms. Meng-yu
Wu, Manager
Mr.
Ming-hui Wu, Director General
Name
Nationality Job
Description
Ms. Li-fen Lin
Taiwanese Analyst
Financial
Ms. Meng-yu Wu Taiwanese Manager Sales
Mr. Ming-hui Wu
Taiwanese
Director General
*Key Personnel*
============
Mrs. Li-ching Wuyen
Founder : Co-founder
Work experience : More than 25
years
Resident status :
Responsibilities : Handles the
daily operation of the firm including all financials and legal matters.
Business operation
*Main Products & Services*
======================
Specializes in three (3) main areas of work:
1. Imports of stainless steel and other steel related raw materials.
2. Value-added processing of stainless steel and steel coil, including
CNC cutting and sheet/plate shearing.
3. Exporting and domestic sales of finished products.
Products : Flat-rolled products
Flat-rolled
stainless steel
Metals
Plates, stainless
steel
Semi-finished
stainless steel
*Payment Terms*
==============
Sales
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Local : Cash
30 - 90 days credit
Export : Letter of Credit (L/C)
Document against
Acceptance (D/A)
Telegraphic
Transfer (T/T)
Purchases
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Local : 30 - 90 days credit
Import : Letter of Credit (L/C)
Document against
Acceptance (D/A)
Telegraphic Transfer (T/T)
Open account /DA
terms with settlement using Telegraphic Transfer (T/T)
*Competitors*
===========
The following locally based companies supply similar range of products:
- AN FENG STEEL CO LTD
- CHEN YUEN SPECIAL METAL CORP
- FU CHI METALS CO LTD
- GIN HOIN STAINLESS STEEL INDUSTRY CO
- HUR LEA ENTERPRISE CO LTD
- CHANG YEH METAL INDUSTRY CO LTD
- CHERNG WHAN ENTERPRISE CO LTD
- FROCH ENTERPRISE CO LTD
- TA CHIA YUNG HO MACHINE INDUSTRY CO LTD
- TSIN YING METAL INDUSTRY CO LTD
*Local Distribution Network*
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68% of the annual turnover is attributed to local sales.
*Export Markets*
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32% of the annual turnover is attributed to export.
Related companies
*(Subsidiaries, Joint-ventures & Affiliates)
================================
Company Name : PACIFIC
STEEL INT'L TRADE CORP
Address : 19
Pao An Rd Yung-an Hsiang 828
Country :
Relationship :
Affiliate
Legal Form : private Company with limited
liability
Company Type : Trader
Industry :
Metals & Metal Products
payment
PAYMENT RATING : 3 OBTAINED SCORES : 63
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Rating Key |
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.
Financial highlights
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
*BANK DETAILS*
================
Bank Name : BANK
OF
Branch :
Chungcheng Dist,
Branch Address :
SWIFT Code :
BKTWTWTP
Bank Name : MEGA
INT'L COMMERCIAL BANK CO LTD
Branch :
Chungcheng Dist,
Branch Address :
SWIFT Code :
ICBCTWTP
Bank Name :
TAIWAN BUSINESS BANK
Branch :
Tatung Dist,
Branch Address :
SWIFT Code :
MBBTTWTP
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2002 $100,000.00 $0.00 $100,000.00
2003 $50,000.00 $0.00 $50,000.00
2004 $100,000.00 $0.00 $100,000.00
2005 $6,000,000.00 $800,000.00 $6,800,000.00
2006 $13,638,659.01 $6,473,044.01 $20,111,703.02
*Financial Summary (Currency:
===============================
Year Sales Assets Net Income
2006 $18,893,591.29 $2,720,677.15 $755,743.65
Remarks
Over the past 26 years, SC has made a stable growth with satisfactory
profit. It is considered a credit line up to USD300, 000 appears to be within
SC’s capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3317 Steel Pipe & Tubes
Exporting 3499 Fabricated metal products
Importing 331207 Steel
Plate/Sheet/Strip
Importing 3325 Steel Foundries, NEC
Manufacturing 331207 Steel
Plate/Sheet/Strip
Manufacturing 3325 Steel Foundries, NEC
Manufacturing 3499 Fabricated metal products
HARMONIZED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service
Description
Exporting 7218990000 Other
semi finished products of stainless steel
Exporting 721911 Flat rolled
products of stainless steel of a width of 600mm or more; hot-
rolled
in coils; thickness exceeding 10mm
Exporting 721912 Flat rolled
products of stainless steel of a width of 600mm or more; hot-
rolled
in coils; of a thickness of 4.75mm or more but not exceeding 10mm
Exporting 721913 Flat rolled
products of stainless steel of a width of 600mm or more; hot-
rolled
in coils; of a thickness of 3mm or more but not exceeding 4.75mm
Exporting 721914 Flat rolled
products of stainless steel of a width of 600mm or more; of a
thickness of less than 3mm
Exporting 7219210000 Flat-rolled
stainless steel 600mm wide or more hot-rolled not coiled over
10mm
thick
Exporting 7219220000 Flat-rolled
stainless steel 600mm or more wide hot-rolled not coiled 4.75
but
not over 10mm thick
Exporting 7219240000 Flat-rolled
stainless steel 600mm or more wide hot-rolled not coiled less
than
3mm thick
Exporting 721933 Flat rolled products
of stainless steel of a width of 600mm or more; cold-
rolled;
of a thickness exceeding 1mm but less than 3mm
Exporting 721934 Flat rolled
products of stainless steel of a width of 600mm or more; cold-
rolled;
of a thickness of 0.5mm or more but less than 1mm
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Exporter Stainless steel
pipe
Exporter Stainless steel
tubes
Importer Stainless
steel, cold rolled
Importer Flat-rolled
stainless steel
Importer Stainless
steel, hot rolled
Manufacturer Plates, stainless
steel
Manufacturer Stainless
steel
Manufacturer Metals
Manufacturer Stainless steel
sheets
Manufacturer Stainless steel
plates
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to
Exporting to
Exporting to Europe
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to Oceania
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Importing from Asia
Importing from
Importing from
Importing from Europe
Importing from
Importing from
Importing from
Importing from
Importing from North America
Importing from
Importing from
Importing from
Importing from
Importing from
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%)