MIRA
INFORM REPORT
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Report Date : |
28.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
TRANSOCEANIC METALS INC |
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Registered Office : |
Rm 601, 6FL-1 World Trade Bldg 50 Hsing Sheng South Rd,
Section 1 Chungcheng Dist Taipei City 100 |
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Country : |
Taiwan |
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Date of Incorporation : |
April 2, 1984 |
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Com. Reg. No.: |
05148404 |
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Legal Form : |
Private |
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Line of Business : |
Representation of suppliers of specialized ore powders used in ceramic
and porcelain manufacturing sector. Liaison and negotiation with local ceramic and porcelain manufactures
regarding orders for specialized ore powders. |
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 : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
TRANSOCEANIC METALS INC
RM 601, 6FL-1 WORLD TRADE BLDG 50 HSING SHENG SOUTH RD
SECTION 1 CHUNGCHENG DIST TAIPEI CITY 100, TAIWAN
TEL : 886-2-23210647
FAX : 886-2-23210692
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 2, 1984
REGISTRATION NO. :
05148404
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. LI-PING WEN (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 301,750
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.50923 = 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*
================
Size : 175 sq meters (Approx)
Location : Central
Business District (CBD)
Property status : Rented
Type of building : Commercial
building
Comments : Premises is
shared with JIN SHING METAL CO LTD
Other contact details
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E-mail : tchia@ms17.hinet.net
Previous contact details
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Address : Rm 202 World Trade Bldg 50 Hsing Sheng South Rd Section 1
Chungcheng Dist Taipei City 100
*Factories, Size & Locations*
======================
The company is a trading house focused on importation of overseas
products, and maintains no manufacturing facilities.
*Corporate & Organization Structure*
===========================
A small sized specialized 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.
E-mail: transwen@ms68.hinet.net
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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Mr. Li-Ping Wen 99.00
Undisclosed Shareholder 1.00
*Key Personnel*
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Mr. Li-Ping Wen
Founder : Sole
Founder
Resident status : Taiwan
Work experienced : More than 22 years
Responsibilities : Handles
the daily operation of the firm including all financial and legal matters.
*Main Products & Services*
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Specializes in the following areas of work:
1. Representation of suppliers
of specialized ore powders used in ceramic and porcelain manufacturing sector.
2. Liaison and negotiation with
local ceramic and porcelain manufactures regarding orders for specialized ore
powders.
Products: Ceramic powder
Ceramic raw
materials
Copper
Metal powders
Minerals
*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
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:
- FULL MORE ENTERPRISE CO LTD
- GLEEMONSKY ENTERPRISE CO LTD
- WENDSAR & CO LTD
- HAN CHEN KWEN CO LTD
- KING RIVER CORP
*Domestic Customers*
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Selling exclusively to the Taiwan porcelain and ceramic manufacturing
industry.
*Imports*
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Raw materials are imported from Brazil, Chile and South Africa.
*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.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : JIN SHING METAL CO LTD
Address : Rm 601, 6Fl-1 World Trade Bldg 50 Hsing Sheng South Rd Section
1 Chungcheng Dist Taipei City 100 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Metals & Metal Products
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
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.
Note: The firm does not import
directly, but rather negotiates and arranges orders directly between the overseas
Principals and local ceramic manufacturers, revenue is understood to be based
on indent ordering/commission basis.
*Bank Details*
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Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Chungcheng Dist, Taipei City
Branch Address : 38 Chung King South Rd Section 1 Chungcheng Dist Taipei
City 100 (Head Office)
SWIFT Code : HNBKTWTP
SC is considered small-sized in its line with a long history. Credit in
the range of moderate amount can be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 1021 Copper
ores
Importing 1400 Nonmetallic
Minerals, exc Fuel
Importing 1459 Clay,
ceramic, and refractory minerals,
Importing 3269 Ceramic
articles,
Importing 3339 Primary
nonferrous metals,
Importing 3366 Copper
Foundries
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2530 Mineral
substances
Importing 6900 Ceramic
products
Importing 6914 Ceramic
articles
Importing 6914100000 Articles of porcelain or china
Importing 6914900000 Ceramic articles
Importing 7400 Copper
& articles thereof
Importing 7419 Articles
of copper
Importing 7419995050 Other articles of copper
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Metal
powders
Importer Ceramic
powder
Importer Porcelain
Importer Porcelain
articles
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Africa
Importing from Brazil
Importing from Chile
Importing from North America
Importing from South Africa
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%)