MIRA
INFORM REPORT
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Report Date : |
30.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
FULL HONG CO LTD |
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Registered Office : |
10FL, 593 Ta-Shuea Rd Section 1 Touliu City Yunlin Hsien 640 |
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Country : |
Taiwan |
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Date of Incorporation : |
February
16, 1993 |
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Com. Reg. No.: |
84183307 |
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Legal Form : |
Private |
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Line of Business : |
Trading
used textile machinery |
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/normal. |
Small |
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Maximum Credit Limit : |
USD
15,000 |
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Status : |
Small
Company |
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Payment Behaviour : |
Usually
correct |
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Litigation : |
Clear |
name & address
FULL HONG CO LTD
10FL, 593 TA-SHUEA RD SECTION 1 TOULIU CITY
YUNLIN HSIEN 640, TAIWAN
TEL: 886-5-5346651
FAX: 886-5-5346653
EXECUTIVE SUMMARY
INCORPORATION
DATE : FEBRUARY 16, 1993
REGISTRATION
NO. : 84183307
LEGAL
FORM : PRIVATE
CHIEF
EXECUTIVE : MR.
HUNG-YING WU (CHAIRMAN)
STAFF
STRENGTH : 8
CAPITAL : US$ 153,139
BUSINESS
LINE : TRADER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
CREDIT RANGE : USD 15,000
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : TWD 32.95000 =
US$1 AS OF 2007-1-30
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
*Trading
Name*
=============
Although
the company is legally registered by the name listed above, it is commonly
known as INTENDED VOLUME CORP under which it operates locally.
*Company
Registration*
===================
License
number : 84183307
Date
issued : 16 February, 1993
Issuing
authority : Ministry of Economic
Affairs
*Office
& Facilities*
===============
Size : 151 sq meters
Location : Touliu City
Property
status : Owned by Mr. Hung-ying Wu
Type of
building : Commercial building
Other
Contact Details
-----------------------------
Tel no.
: 5-5361779
Fax no.
: 5-5361791
*Corporate
& Organization Structure*
=============================
A small
company mainly 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.
Web
site: www.fullhong.com the design is
professional and the content is well organized. At present it is in English
version.
E-mail: fh37@ms23.hinet.net
For the
past two years there is no record of litigation.
*Major
Shareholders*
=================
Shareholder's
Name %
of Shares
--------------------------
----------------
Mr.
Hung-ying Wu 99
Management:
Mr. Hung-ying Wu, General Manager
Name Nationality Job Description
Mr.
Hung-ying Wu Taiwanese General Manager
*Key
Personnel*
==============
Mr.
Hung-ying Wu
Founder : Co-Founder
Resident
status : Taiwan
Work
experience : More than 25 years
Responsibilities : Handles the daily operation of the firm
including all financials and legal matters.
*Main
Products & Services*
=====================
Specializes
in trading used textile machinery
Carries
the following brands :
-
PICANOL
- SOMET
- SULZER
-
DORNIER
-
TSUDAKOMA
- TOYODA
-
VAMATEX
- SAURER
- NUOVO
PIGNONE
Products:
Spinning machines
Textile machinery
Textile preparation machinery
Weaving loom
Weaving machinery
*Payment
Terms*
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Sales
------
Local : 30-60 days credit
Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
===========
The
following locally based firms supply similar range of products :
- CHAIN
HONG KONG ENTERPRISE CO LTD
- GOLD
CMY INDUSTRY CO LTD
- PAR
FAME ENTERPRISE CO LTD
-
SINGHOTEX CO LTD
- YEAH
HSIAN ENTERPRISE CO LTD
*Local
Distribution Network*
=======================
10% of
the annual turnover is attributed to local sales.
*Export
Markets*
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90% of
the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES : 46
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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.
*BANK
DETAILS*
===============
Bank
Name : HONGKONG & SHANGHAI BANKING CORP
Global
Identifier : 31535576
Branch :
Hsin-i Dist,Taipei City
Branch
Address : 13-15Fl Int'l Trade Bldg 333 Keelung Rd Section 1 Hsin-i Dist Taipei
City 110 (Head Office)
SWIFT
Code : HSBCTWTP
*Financials*
=========
As a
private limited company with a paid-up of less than USD 6 million, there is no
requirement according to Taiwan corporate law for public disclosure of detailed
financials.
*Int´l
Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports
Total
2003 $100,000.00 $200,000.00
$300,000.00
2004 $50,000.00 $3,000,000.00
$3,050,000.00
2005 $100,000.00 $200,000.00
$300,000.00
SC is
considered small-sized in its line locally with fairly stable marketing
conditions. It is considered a credit line up to USD 10,000 appears to be
within SC’s capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 3500
Industrial Machinery &
Equipment
Trading 3552
Textile machines, and
parts and attachments,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Trading 8445200000
Textile spinning machines
Trading 8446
Weaving machines (looms)
Trading 8448490000
Parts and accessories of weaving
machines (looms) or of their auxiliary
machinery
Trading 9810005000
Textile machine or machinery or
parts solely for the instruction of
students
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting
to Asia
Exporting
to India
Importing
from Asia
Importing
from North America
Importing
from USA
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/normal. |
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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