MIRA
INFORM REPORT
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Report Date : |
25.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
LANCO PACIFIC CO LTD |
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Registered Office : |
10FL-6, 164 Nanking East Rd Section 4 Sungshan Dist,
Taipei City 105 |
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Country : |
Taiwan |
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Date of Incorporation : |
March 30, 2006 |
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Com. Reg. No.: |
28010774 |
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Legal Form : |
Private |
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Line of Business : |
Purchasing a wide range of fodder, nutritional supplements and related
animal food products. Selling to local markets. |
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 : |
No Complaints |
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Litigation : |
Clear |
name & address
LANCO PACIFIC CO LTD
10FL-6, 164 NANKING EAST RD SECTION 4 SUNGSHAN DIST
TAIPEI CITY 105, TAIWAN
TEL : 886-2-25794563
FAX : 886- 2-27928832
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH 30, 2006
REGISTRATION NO. :
28010774
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. CHIU-PING YANG (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 90,525
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : SMALL
AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.48982= US$1
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
*Office & Facilities*
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Size : 24
sq. meters (Approx)
Location : Central
Business District (CBD)
Property status : Rented
Type of building : Commercial
building
*Factories, Size & Locations*
=======================
The company is a trading house focused on selling of fodder, feeding
stuffs and related animal food products.
*Corporate & Organization Structure*
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A small sized company operated and managed by the owner.
*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.
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name
% of Shares
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Miss Chiu-ping Yang 99
Undisclosed shareholder 1
Name Nationality
Job Description
Ms. Chiu-ping Yang Taiwanese
General Manager
Management: Ms. Chiu-ping Yang, General Manager
*Key Personnel*
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Miss Chiu-ping Yang
Founder : Sole-Founder
Resident status : Taiwan
Mobile no. :
0955137129
Responsibilities : Handles the
daily operation of the firm including all financials, sales and legal matters.
Work experience : More than 1
years experience.
*Main Products & Services*
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Specializes in the following areas of work:
1. Purchasing a wide range of fodder, nutritional supplements and
related animal food products.
2. Selling to local markets.
Product also includes:
- Animal nutritional supplements
Products: Animal feeds
Animal fodders
Animal
nutriments
Feeding stuffs
Nutritional
supplements
*Payment Terms*
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Sales
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Local : Cash
30-90 days credit
Purchases
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Local : 30-90 days credit
*Competitors*
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The following locally based companies supply similar range of products:
- CHANG GUANN CO LTD
- LLOTOS TRADING CO LTD
- R & J COMMODITY TRADING CO LTD
- SMOOTH WORLD PRODUCTS LTD
- FORTUNE CREATION CO LTD
*Domestic Customers*
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Most of domestic sales are achieved through direct sales to local
customers, as well as to local trading houses which also export.
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*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.
SC is not known to have any subsidiary at
present.
PAYMENT
RATING : 4 OBTAINED SCORES :
35
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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 local corporate law for
public disclosure of detailed financials.
*Bank Details*
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Bank name : HUA NAN COMMERCIAL
BANK LTD
Branch : 38 Chung King
South Rd Section 1
Swift code : HNBKTWTP
SC is considered small-sized in its line with a short history. Credit
dealings with SC should be confined into small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2048 Prepared
feeds,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2300 Residues
from food industries; animal feed
Trading 2309 Preparations
used in animal feeding
Trading 2309901010 Pet
food, put up for retail sale except dog and cat food
Trading 2309901050 Mixed
feeds or mixed feed ingredients used in animal feedings
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%)