MIRA
INFORM REPORT
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Report Date : |
11.08.2007 |
IDENTIFICATION DETAILS
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Name : |
ARPOR ENTERPRISE CO |
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Registered Office : |
4FL, 5, Lane 94, San Ming Rd Hsintien City |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
September.9, 1982 |
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Com. Reg. No.: |
38409479 |
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Legal Form : |
Private |
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Line of Business : |
Trading in a wide
range of various plastic bag making machineries
and other related equipment, such as flexo printing and lamination machines. Exports and local sales of its products. |
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 : |
USD 30,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
ARPOR ENTERPRISE CO
4FL, 5, LANE 94, SAN MING RD HSINTIEN CITY
TEL : [+886] 2-29146627
FAX : [+886] 2-29148025
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER.9, 1982
REGISTRATION NO. :
38409479
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. SIMON HSI-YUAN YANG (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
US$ 151,057
BUSINESS LINE :
TRADER
TURNOVER :
$755,743.65 (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 –
*Company Registration*
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License number :
38409479
Date issued
: 9 September, 1982
Issuing authority :
Ministry of Economic Affairs (MOEA)
*Office & Facilities*
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Size
: 90 sq meters (Approx)
Location :
Property status
: Rented
Type of building :
Residential building
*Factories, Size & Locations*
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The company is a trading house focused on importation of
overseas products, and maintains no manufacturing facilities.
*Corporate & Organization Structure*
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A small-sized company mainly operated and managed by the
owner of the firm.
*Reputation*
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Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative
information.
Web
site: www.arpor.com
The design is professional and the
content is well organized. At present it is in English version.
Email : m523@ms18.hinet.net
For the past 25 years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name % of Shares
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Mr. Simon Hsi-yuan Yang 99.00
Undisclosed shareholder/s 1.00
Management : Mr. Simon Hsi-yuan Yang, General Manager
Name Nationality Job Description
Mr. Simon Hsi-yuan Yang Taiwanese General Manager
*Key Personnel*
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Mr. Simon Hsi-yuan Yang
Founder
: Sole-founder
Work experience :
More than 20 years
Responsibilities :
Daily operation of the firm including all financial and legal matters.
Resident status :
*Main Products & Services*
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Specializes in the following areas of work :
1. Trading in a wide
range of various plastic bag making machineries
and other related equipment, such as flexo printing and lamination machines.
2. Exports and local
sales of its products.
Products : Bag making machine
Flexo
printing machinery
Gravure printing machines
Insertion machines
Lamination machines
*Payment Terms*
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Sales
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Local : 30-90 days
credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : 30-90 days
credit
Import : Letter of
Credit (L/C)
Open
Account (D/A) with settlement using Telegraphic Transfer (T/T)
*Competitors*
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The following locally based companies supply similar range
of products:
- HONG YUENG MACHINERY CO LTD
- JIN CHANG PLASTIC MACHINERY CO LTD
- PHYLLIS TRADING CO LTD
- PRO DOING INDUSTRIAL CO LTD
- QUEEN'S MACHINERY CO LTD
*Local Distribution Network*
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Approximately 30% of the annual turnover is attributed to
local sales.
*Export Markets*
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Approximately 70% of the annual turnover is attributed to
export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 53
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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
*BANK DETAILS*
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Bank Name : TAIWAN BUSINESS BANK
Branch : Tatung Dist,
Branch Address :
SWIFT Code : MBBTTWTP
*Int´l Trade Activity
(Currency:
==============================
Year
Imports Exports Total
2004
$36,000.00 $345,000.00
$381,000.00
2005 n/a $431,000.00 $431,000.00
2006
$38,000.00 $457,000.00
$495,000.00
*Financial Summary
(Currency:
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Year Sales Assets Net Income
2006 $755,743.65 $117,896.01 $63,482.47
SC is considered small-sized in its line with a development
history of 25 years. Credit dealings with SC in small amount appear acceptable.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3500 Industrial Machinery & Equipment
Trading 3545 Machine tool accessories, and parts
Trading 3555 Printing trades machines and equipment, and parts and
accessories
Trading 3559 Special industry machinery, and parts
Trading 3569 General industrial machinery and equipment, and parts
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Exporting 8441800000 Machinery for making up paper pulp, paper or paperboard
Exporting 8477800000 Machinery, for working rubber or plastics or for the
manufacture of products form
these
materials
Trading 8443400000 Gravure printing machinery
Trading 8443505000 Printing machinery
Trading 8479 Machines etc having individual functions, parts
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Plastic
bag making machine
Trader PE
pipe extruders
Trader Gravure
printing machines
Trader Flexo
printing machinery
Trader Lamination
machines
Trader Zipper
bag making machine
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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%)