MIRA
INFORM REPORT
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Report Date : |
11.08.2007 |
IDENTIFICATION DETAILS
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Name : |
FALCON FOCUS INC |
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Registered Office : |
2-2, Lane 292, |
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Country : |
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Date of Incorporation : |
13.11.2006 |
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Com. Reg. No.: |
28518771 |
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Legal Form : |
Private |
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Line of Business : |
Sales of Valves |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Maximum Credit Limit : |
USD5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
FALCON FOCUS INC
2-2, LANE 292,
TEL:886-3-4205707
FAX:886-3-4206818
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 13, 2006
REGISTRATION NO. :
28518771
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. YI-MING FAN (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 30,211
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
AVERAGE
GENERAL REPUTATION :
N/A
EXCHANGE RATE : TWD 32.97500 = US$1 AS
OF 2007-8-10
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 : 28518771
Date issued : 13 November, 2006
Issuing authority :
Ministry of Economic Affairs (MOEA)
*Office & Facilities*
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Size : 290 sq ft (Approx)
Location :
Taoyuan Hsien
Property status : Rented
Type of building : Industrial
building
Comments : Same premises as the manufacturing
firm JDV CONTROL VALVES CO LTD
*Corporate & Organization Structure*
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A small family-owned business mainly operated and managed by the owners.
FALCON FOCUS is owned and operated in conjunction with two other
business entities, namely:
1. TAIWAN G-THCH CO LTD
- A trading company focused
on handling and management of local orders from local firms.
2. JDV CONTROL VALVES CO LTD
- A manufacturer of
industrial valves.
FALCON FOCUS is also a trading company, but focused on handling and
management of orders with overseas customers.
The three (3) firms all interact and coordinate the business affairs of
the manufacturing facility.
*Factories, Size & Locations*
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The company is a trading house focused on exports, and maintains no
manufacturing facilities under it's own license.
*Reputation*
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Due to the recent incorporation of the firm, and the relatively small
nature of it's business, no meaningful points of reference in terms of
reputation within the respective industry was possible.
Web site: www.jdv.com.tw the design
is professional and the content is well organized. At present it is in English
version.
E-mail: sales@jdv.com.tw
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. Yi-ming Fan 35,000
Mr. Yi-hsin Fan
35,000
Ms. Tzu-ying Fan 20,000
Ms. Sylvia Hsien-chih Liu 10,000
Management:
Ms. Clare Meng-wei Lee, Assist. Manager
Mr. Yi-ming Fan, General Manager
Ms. Sylvia Hsien-chih Liu, Manager
Name Nationality
Job Description
Ms. Clare Meng-wei Lee Taiwanese
Assist. Manager
Mr. Yi-ming Fan Taiwanese
General Manager
Ms. Sylvia Hsien-chih Liu Taiwanese
Manager
*Key Personnel*
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Mr. Yi-ming Fan
Founder : Co-founder
Work experience : More
than 2 years experience.
Responsibilities : Daily operation of the firm including
all financial and legal matters.
Resident status :
*Main Products & Services*
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Specializes in two (2) main areas of work :
1. Daily international sales activities in its
2. Placement of orders and scheduling of shipments.
Specific details of products include:
- Floating type soft seat ball valves
- SB series V-Port segment control valves
- Centric rubber seated butterfly valves
- Trunnion type metal seat ball valves
- Floating type metal seat ball valves
Products:
Butterfly valves
Metal seated ball valves
Pneumatic actuators
Seat ball valves
Soft seat ball valves
*Payment Terms*
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Sales
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Export : Cash
30-90 days credit
Purchases
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Local : 30-90 days credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Competitors*
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The following locally based companies supply similar range of products :
- YOMEI VALVE CO LTD
- VOKO STEEL ENTERPRISE CO LTD
- FORTUNE MFG CO LTD
- HOPEET ENTERPRISE CO LTD
- TONG KWANG VALVE INDUSTRIAL CO LTD
*Local Distribution Network*
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There is no record of local sales since the prime focus of the firm's
activity is concentrated on exports only.
*Export Markets*
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100% of the annual turnover is attributed to export.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : JDV
CONTROL VALVES CO LTD
Address :
2-2, Lane 292,
Country :
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Hardware & Tools
Company Name : TAIWAN
G-THCH CO LTD
Address :
2-3, Lane 292,
Country :
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Hardware & Tools
PAYMENT RATING :4 OBTAINED SCORES : 35
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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 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.
Additionally, due to the recent incorporation of the firm, no financials
have yet been lodged with local Tax authorities.
*Bank Details*
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Bank Name : CHANG
HWA COMMERCIAL BANK LTD
Branch :
Central Dist,
Branch Address :
SWIFT Code :
CCBCTWTP
*Int´l Trade Activity (Currency:
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Year Imports Exports Total
2006 $47,000.00 n/a
$47,000.00
SC was established recently in 2006, and its credit has not been
established yet. A credit line up to USD5,000 would appear to be within SC’s
capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3491
Industrial Valves
Trading 3494
Valves and pipe fittings,
Trading 3593
Fluid power cylinders and
actuators
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8481
Taps, cocks, valves etc
for pipes, tanks etc, parts
Trading 8481803070
Ball type taps, cocks and valves of
steel, hand operated
Trading 8481803075
Butterfly type taps, cocks and
valves of steel, hand operated
Trading 8481809035
Other pneumatic actuators, with
control valves designed for proportional operation by a signal from a control
device
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Pneumatic actuators
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to
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. |
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%)