MIRA
INFORM REPORT
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Report Date : |
11.08.2007 |
IDENTIFICATION DETAILS
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Name : |
JDV CONTROL VALVES CO LTD |
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Registered Office : |
2-2, Lane 292, |
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Country : |
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Date of Incorporation : |
12.08.1978 |
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Com. Reg. No.: |
35924015 |
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Legal Form : |
Private |
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Line of Business : |
Manufacture of valves. Domestic sales of its 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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
JDV CONTROL VALVES CO LTD
2-2, LANE 292,
TEL: [+886] 3-4203366
FAX: [+886] 3-4202268
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 12, 1978
REGISTRATION NO. :
35924015
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MRS. CHING-CHIN FAN FU (CHAIRMAN)
STAFF STRENGTH :
25
CAPITAL :
US$ 604,230
BUSINESS LINE :
MANUFACTURER
TURNOVER :
US$5,562,273.28 (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.8803 = 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 History*
===============
1975
Established in
1978
Developed "Pneumatic Control Ball Valves" and
"Pressure Relief Valves".Changed brand recognition to "Tao
Brand" to sale on the domestic market.
1979
Moved to Si Cheng factory, located over 500 square meters,
expanded production capacity to sale on domestic and overseas markets.
1981
Developed and produced "Safety Relief Valves" for
sale to the domestic and overseas markets.
1986
Added first computer numerical control lathe.
1990
Purchased Second computer numerical control lathe.
1991
Changed brand recognition to "JDV Brand', it was used
to sale on the domestic and the overseas markets. Purchased
first MC integrating manufactured control lathe and CNC lathes. Added
AUTOCAD-2D to increase design computerized design capability.
1994
Purchased two Double-Main-Shaft CNC computer numerical
control lathes to promote manufacturing precision and concentricity. Developed
and produced "Vacuum Relief Valve" for sale to domestic and overseas
markets.
1995
Added AUTOCAD-3D synchronizing engineering and CAE Finite
Element analyzing system to assist in product development by computer
simulation, which decreases mistakes, shortens developing R&D time and save
customers' money.
1996
Developed Fire-Safe Ball Valves according to API 607.
1998
Cooperated with famous Japanese companies for producing
various kinds of valves on an OEM basis to sale on
1999
Moved to Shin Wu factory, located on over 7,500 square
meters, expanding production capacity and strengthening R&D Department.
Developed "Metal Touch Seat Ball Valves" to sale to the domestic and
overseas markets. Originally, the firm
maintained two manufacturing premises in
6 March, 1999
Closed its manufacturing premise in
2000
Added a variety of automatic control components to integrate
into every kind of valve for fitting requires of production process controlling
system.
August 2003
Finished building Cv Value Testing Equipment for accurately
measuring the character of valves and wildly applying to control valves.
2005
Finished developed JSB Series Segment Control Valve. Set up Si-Chuan Branch and Beijing Branch in
*Company Name*
=============
Established as
: SHUN FA ENTERPRISE CO
Date of incorporation :
1975
Changed name to
: JINN DEAN INDUSTRIAL CO
Year of change
: 1978
Changed name to
: JINN DEAN INDUSTRIAL CO LTD
Year of change
: 1986
Changed name to
: JDV CONTROL VALVES CO LTD
Year of change
: 2001
*Company Registration*
===================
License number : 35924015
Date issued
: 12 August, 1978
Issuing authority : Ministry of Economic Affairs (MOEA)
*Machinery & Equipment*
=====================
Machinery/ Equipment include:
Plant Equipments
-------------------------
- CNC Lather
- MC Miller
- Lather
- Drilling Machine
- Miller
- Valve Testing Machine
- Water
Measuring Tools
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- Cv Value Testing Equipment
- Co-ordinate Measuring Machine
- Surface Roughness Tester
- Movement Torque Tester
- Sclerometer
- Metallorgraph
- Various Gauges
*Office & Facilities*
================
Size
: 4,500 square meters (Approx)
Location
: Taoyuan Hsien
Property status
: Rented
Type of building : Industrial
Other contact details
------------------------------
Tel no :
3-4205707
Fax no :
3-4206818
E-mail :
webmaster@jdv.com.tw
*Corporate & Organization Structure*
============================
A small-medium sized company operated and managed by the
owner and family members.
JDV CONTROL VALVES CO LTD is owned and operated in
conjunction with two other business entities, namely:
-
- FALCON FOCUS INC
- A trading company focused on handling and management of export orders
from export firms.
The three (3) firms all interact and coordinate the business
affairs of the manufacturing facility.
JDV CONTROL VALVES CO LTD is a manufacturing facility owned
by the same family as owning the other two firms.
*Licenses & Permits*
================
License number : 9961463600
Date issued : 22 December 1979
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.jdv.com.tw
The design is professional and
the content is well organized. At present it is both in Chinese and English
versions.
Email : sales@jdv.com.tw
For the past 29 years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders : 4
Total number of shares :
11,000
Shareholders' Name
No. of Shares
--------------------------
------------------
Mr Yi-ming Fan
5,200
Mr. Shun-tien Fan
2,500
M/s. Ching-chin Fan Fu
2,500
Ms. Yueh-may Fan Wu
800
Management :
Mr. Yi-hsin Fan, Manager
Mr. Shun-tien Fan, General Manager
Mrs. Ching-chin Fan Fu, President
Name
Nationality Job
Description
Mr. Yi-hsin Fan Taiwanese Manager Sales
Mr. Shun-tien Fan
Taiwanese General Manager
Mrs. Ching-chin Fan Fu
Taiwanese
President
*Key Personnel*
=============
Mrs. Ching-chin Fan Fu
Founder
: Co-Founder
Work experience : More than 30 years experience.
Responsibilities : Handles the daily operation of the
firm including all financials, sales and legal matters.
Resident status :
Mr. Yi-hsin Fan
Work experience :
More than 5 years experience
Other position : Chairman & General Manager,
TAIWAN G-THCH CO LTD
Resident status :
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Manufacture of valves.
2. Domestic sales of its products.
Products :
Air conditioning plants
Control valve
Fire safe ball valves
Flanged type valves
Gear Boxes
Brand : JDV
*Payment Terms*
=============
Sales
------
Local : 30 - 90 days credit
Cash
Purchases
--------------
Local : Cash or credit
*Competitors*
===========
The following locally based companies supply similar range
of products:
- A-GRADE ENTERPRISE CO LTD
- ACOTEX TAIWAN LTD
- ACRO-GAIN INDUSTRIAL LTD
- MAIN PILLAR ENTERPRISE CO LTD
- CREATIVE SOLUTIONS LTD
*Quality Certification*
=================
Conformed with the following certification:
Type of certification :
ISO 9000
Issuing authority
: DNV
Year of certification
: 1996
Type of certification :
ISO 9002
Issuing authority
: DNV
Year of certification
: 1997
Type of certification :
API 607
Issuing authority
: N/A
Year of certification
: 1997
Other details
: 3th Edition Fire-Safe Ball
Valves Approval.
Type of certification :
API 607
Issuing authority
: N/A
Year of certification
: 2001
Other details
: 4th Edition Fire-Safe Ball
Valves Approval.
Type of certification :
CE Mark Certificate
Issuing authority
: N/A
Year of certification
: 2001
Type of certification :
ISO 9001:2000
Issuing authority
: DNV
Date of certification
: February 2002
Type of certification :
EC Type-Examination
Issuing authority
: N/A
Date of certification
: June 2002
Type of certification :
API 6D Monogram
Issuing authority
: N/A
Year of certification
: 2004
*Exhibition Participation*
===================
Exhibition fair :
Date attended : 25-29 September, 2002
Location :
*Local Distribution Network*
=======================
Approximately 100% of the annual turnover is attributed to
local sales.
*Export Markets*
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Note : There are no statistics
of exports accredited to the firm. It is understood that exports are achieved
via the sale to other local firms, which export under their own respective
corporate names.
*Branches*
=========
Size
: 285 square meters
(Approx)
Location
:
Type of building : Industrial building
Property status
: Owned by Mrs.Ching-chin Fan Fu
*(Subsidiaries , Joint-ventures & Affiliates)
===============================
Company Name :
CHONGQING JDV ENGINEERING CO LTD
Address :
Nanping Economy-Technic Development Zone
Country :
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Hardware & Tools
Company Name :
FALCON FOCUS INC
Address :
2-2, Lane 292,
Country :
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Trader
Industry :
Hardware & Tools
Company Name :
JDV CONTROL VALVES CO LTD -
Address :
2203, 7 Hua Teng Yuan Chaoyang Dist
Country :
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Hardware & Tools
Company Name :
JDV CONTROL VALVES CO LTD -
Address :
4-9/4-10 Yi Shu Hua Xiang
Country :
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Hardware & Tools
Company Name :
Address :
2003 B Tomson Center
Country :
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Trader
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 :3 OBTAINED SCORES : 60
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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.
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.
Although financial summaries were obtained for reference.
Note: It is understood that the business conducted in
*BANK DETAILS*
===============
Bank Name :
CHANG HWA COMMERCIAL BANK LTD
Branch :
Central Dist,
Branch Address :
SWIFT Code :
CCBCTWTP
Bank Name :
TAIWAN BUSINESS BANK
Branch :
Tatung Dist,
Branch Address :
SWIFT Code :
MBBTTWTP
*Financial Summary
(Currency:
==============================
Year
Sales
Assets Net Income
2006
$5,562,273.28
$547,158.40
$281,136.64
SC is considered small-sized in its line with a long operating history.
It is considered a credit line up to USD 100,000 appears to be within SC’s
capacities.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Manufacturing 3429 Hardware
Manufacturing 3491 Industrial
Valves
Manufacturing 3492 Fluid
transfer power valves, and parts thereof
Manufacturing 3494 Valves
and pipe fittings
Manufacturing 3586 Measuring
and dispensing pumps for liquids; and force-feed, pneumatic, hand-
held
lubricating equipment, and parts
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Manufacturing 8467 Tools for working in the hand,
pneumatic etc, parts
Manufacturing 8467195030 Pneumatic,
hand-held force feed lubricating equipment
Manufacturing 8467195090 Pneumatic
tools, hand-directed
Manufacturing 8481 Taps,
cocks, valves etc for pipes, tanks etc, parts
Manufacturing 8481200050 Hydraulic
valves
Manufacturing 8481200080 Pneumatic
valves
Manufacturing 8481302010 Check
valves of iron
Manufacturing 8481302090 Check
valves of steel
Manufacturing 8481801060 Gate
type taps, cocks and valves of copper, hand operated, having a pressure
rating
of 850 kpa or over
Manufacturing 8481801085 Ball
type taps, cocks and valves of copper, hand operated, having a pressure
rating
of 850 kpa or over
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Product/Service Description
Manufacturer
Threaded type valves
Manufacturer
Pneumatic accessories
Manufacturer
Safety relief valves
Manufacturer
Pressure reducing
valves
Manufacturer
Vacuum relief valves
Manufacturer
Pneumatic actuators
Manufacturer
Gear Boxes
Manufacturer
Pneumatic equipment
Manufacturer
Air-conditioning
plants
Manufacturer
Pressure relief
valves
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%)