MIRA
INFORM REPORT
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Report Date : |
11.08.2007 |
IDENTIFICATION DETAILS
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Name : |
TAIWAN G-THCH CO LTD |
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Registered Office : |
2-3, Lane 292, |
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Country : |
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Date of Incorporation : |
26.04.2001 |
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Com. Reg. No.: |
12791366 |
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Legal Form : |
Private |
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Line of Business : |
Importation 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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Status : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
TAIWAN G-THCH CO LTD
2-3, LANE 292,
TEL: [+886] 3-4201863
FAX: [+886] 3-4200129
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 26, 2001
REGISTRATION NO. :
12791366
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. YI-HSIN FAN (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
US$ 30,211
BUSINESS LINE :
TRADER
TURNOVER : US$344,619.11 (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 :
FAIRLY 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 Registration*
===================
License number : 12791366
Date issued
: 26 April, 2001
Issuing authority : Ministry of Economic Affairs
*Office & Facilities*
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Size
: 4500 sq. meters (Approx)
Location :
Taoyuan Hsien
Property status
: Rented
Type of building : Industrial building
Comment
: Premises is shared
with JDV CONTROL VALVES CO LTD
*Corporate & Organization Structure*
===========================
A small -sized company operated and managed by the owner and
family members who are responsible for different elements of the business.
TAIWAN G-THCH 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 orders with overseas
customers.
- JDV CONTROL VALUES CO LTD - A manufacturer of industrial valves
The three (3) firms all interact and coordinate the business
affairs of the manufacturing facility.
*Reputation*
=========
Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative
information.
SC is not known to host website of its own at present.
Email : twgttech@yahoo.com.tw
For the past 6 years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name % of Shares
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Mr. Yi-hsin Fan 99.00
Undisclosed shareholders 1.00
Management :
Ms. Hsiu-jung Hsieh, Assist. Manager
Mr. Yi-hsin Fan, General Manager
Name
Nationality Job
Description
Ms. Hsiu-jung Hsieh
Taiwanese Assist.
Manager
Mr. Yi-hsin Fan Taiwanese General Manager
*Key Personnel*
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Mr. Yi-hsin Fan
Founder
: Sole Founder
Work experience :
More than 5 years experience
Other position : Sales Manager, JDV CONTROL VALVES
CO LTD
Responsibilities : Handles the daily operation of the
firm including all financials, sales and legal matters.
Resident status :
*Main Products & Services*
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Specializes in the following areas of work:
1. Importation of valves.
2. Domestic sales of its products.
TAIWAN G-THCH CO LTD is also a trading company, but focused
on handling and management of local orders from local firms.
Products :
Ball valves
Control valves
Electric actuators
Electro-butterfly valves
Full bore safety valves
Brand : TGT
*Payment Terms*
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Sales
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Local : 30 - 90 days credit
Cash
Purchase
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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:
- HSINYA FLUID POWER CORP
- FAITH AUTOMATION ENTERPRISES CO LTD
- CHIANG SUNG ENTERPRISE CO LTD
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- MINDMAN INDUSTRIAL CO LTD
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales to
general public.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
*(Subsidiaries , Joint-ventures & Affiliates)
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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 :
2-2, Lane 292,
Country :
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Hardware & Tools
PAYMENT RATING :3 OBTAINED SCORES : 50
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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 6million, there is no legal requirement according to local corporate
law for public disclosure of detailed financials.
Although financial summaries were obtained for reference.
*BANK DETAILS *
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Bank Name :
CHANG HWA COMMERCIAL BANK LTD
Branch :
Central Dist,
Branch Address :
SWIFT Code :
CCBCTWTP
Bank Name :
MEGA INT'L COMMERCIAL BANK CO LTD
Branch :
Chungcheng Dist,
Branch Address :
SWIFT Code :
ICBCTWTP
*Int´l Trade Activity
(Currency:
==============================
Year
Imports Exports Total
2004
$65,000.00 $0.00 $65,000.00
2005
$89,000.00 $0.00 $89,000.00
2006
$120,000.00 $0.00 $120,000.00
*Financial Summary
(Currency:
==============================
Year
Sales Assets Net Income
2006
$344,619.11 $19,649.33 $2,267.23
SC is considered small-sized in its line with a development history
of 6 years. Credit dealings with SC in small amount appear acceptable.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 3491
Industrial Valves
Trading 3492
Fluid transfer power
valves, and parts thereof
Trading 3494
Valves and pipe fittings
Trading 3593
Fluid power cylinders and
actuators
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 8412390040
Pneumatic power engines, unlimited
rotary acting
Trading 8412390080
Pneumatic power engines and motors
Trading 8481
Taps, cocks, valves etc
for pipes, tanks etc, parts
Trading 8481100090
Pressure-reducing valves
Trading 8481200050
Hydraulic valves
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 8481809025
Electrical or electro-hydraulic
actuators
Trading 8481809050
Other taps, cocks, valves, etc.
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Product/Service Description
Trader Pressure reducing valves
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing
from
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. |
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%)