MIRA
INFORM REPORT
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Report Date : |
21st
February, 2007 |
IDENTIFICATION
DETAILS
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Name : |
COW
LUNG INSTRUMENTS CO LTD |
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Registered Office : |
206
Cheng Yi St Sanhsia Chen Taipei Hsien 237, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
17.01.1973 |
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Com. Reg. No.: |
04200509 |
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Legal Form : |
Private
Company |
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Line of Business : |
Engaged
in importing and domestic sales of laboratory equipment. |
RATING & COMMENTS
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MIRA’s Rating : |
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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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Status : |
Moderate |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Name & Address
COW LUNG INSTRUMENTS CO LTD
206
CHENG YI ST SANHSIA CHEN TAIPEI HSIEN 237, TAIWAN
TEL : 886-2-26734558
FAX : 886-2-26739787
EXECUTIVE SUMMARY
INCORPORATION
DATE : JANUARY 17, 1973
REGISTRATION
NO. : 04200509
LEGAL
FORM : PRIVATE
CHIEF
EXECUTIVE : MR. DAVIS
CHIN-TSUNG LEE (CHAIRMAN)
STAFF
STRENGTH : 18
CAPITAL : US$ 153,139
BUSINESS
LINE : IMPORTER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
CREDIT RANGE : UP TO USD 10,000
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : TWD 32-97500 =
US$1 AS OF 2007-2-16
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 : 04200509
Date
issued : 17 January, 1973
Issuing
authority : Ministry of Economic Affairs (MOEA)
*Office
& Facilities*
================
Size :
295 sq. meters
Location : Taipei Hsien
Property
status : Owned by Mr. Davis
Chin-tsung Lee
Type of
building : Commercial
Comments : Serve as office, and
warehouse.
*Corporate
& Organization Structure*
============================
A small
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.
Web
site: www.shikee.com.tw
The design is professional and the content is well organized. At present it is
both in Chinese and English version.
E-mail: shikee@ms16.hinet.net
For the
past two years there is no record of litigation.
*Major
Shareholders*
=================
Shareholder's
Name % of
Shares
--------------------------
----------------
Mr.
Davis Chin-tsung Lee 99
Management:
Mr. Davis Chin-tsung Lee, General Manager
Name Nationality
Job Description Dept. / Division
Mr.
Davis Chin-tsung Lee Taiwanese General Manager -
*Key
Personnel*
=============
Mr.
Davis Chin-tsung Lee
Founder : Sole-founder
Work
experience : More than 25 years
Resident
status : Taiwan
Responsibilities : Handles the daily
operation of the firm including all financials and legal matters.
*Main
Products & Services*
=====================
Specializes
in importing and domestic sales of laboratory equipment.
Products:
Chemical luminescent system
Diagnostic products
Fluorometers
Glassware
Hand protector
*Payment
Terms*
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Sales
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Local : Cash or Credit
Purchases
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Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T) -
Received at time of transaction
*Exhibition
Participation*
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Exhibition
fair :
Bio Taiwan 2002
Location :
Taipei World Trade Center - Exhibition Hall
*Competitors*
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The
following locally based companies supply similar range of products :
- AST
INSTRUMENTS CORP
- B
BRAUN TAIWAN CO LTD
- BIOWAY
CORP
- MEEI
SONG CO LTD
*Local
Distribution Network*
=======================
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)
===============================
Company
Name : SHI KEE TRADING CO LTD
Address : 6Fl, 6 Chung Hwa Rd
Section 2 Wanhua Dist Taipei City 108 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal
Form : Private Limited
Company
Company
Type : Trader
Industry
: Medical
Equipment & Pharmaceutical
*IMPORTER
AGENCY LISTING*
==========================
Supplier
: BIO-ORBIT OY
Country
of Origin : Finland
Product
Description : Chemical luminescent
system
Brand : Bio-Orbit
Year : 2004
Supplier
: HUMAN GMBH
Country
of Origin : Germany
Product
Description : Diagnostic
products
Brand : Human
Year : 2004
Supplier
: SPECTRONIC
INSTRUMENTS INC
Country
of Origin : USA
Product
Description : Fluorometers
Brand : Spectronic
Year : 2004
Supplier
: IWAKI GLASS CO
LTD
Country
of Origin : Japan
Product
Description : Glassware
Brand : Iwaki
Year : 2000
Supplier
: IWAKI GLASS CO
LTD
Country
of Origin : Japan
Product
Description : Glassware
Brand : PYREX
Year : 2000
Supplier
: POULTEN &
GRAF GMBH
Country
of Origin : Germany
Product
Description : Glassware
Brand : Fortuna
Year : 2000
Supplier
: QORPAK
Country
of Origin : USA
Product
Description : Glassware
Brand : Qorpak
Year : 2000
Supplier
: CORNING INC
Country
of Origin : USA
Product
Description : Glasswares
Brand : Corning
Year : 2000
Supplier
: CORNING INC
Country
of Origin : USA
Product
Description : Glasswares
Brand : PYREX
Year : 2000
Supplier
: SCHOTT GLAS GMBH
Country
of Origin : Germany
Product
Description : Glasswares
Brand : SCHOTT
Year : 2000
Supplier
: SCHOTT GLAS GMBH
Country
of Origin : Germany
Product
Description : Glasswares
Brand : DURAN
Year : 2000
Supplier
: TEMPSHIELD INC
Country
of Origin : USA
Product
Description : Hand protector
Brand : Tempshield
Year : 2004
Supplier
: W HALDENWANGER
TECHNISCHE KERAMIK GMBH & CO KG
Country
of Origin : Germany
Product
Description : Laboratory
Porcelain
Brand : W HALDENWANGER
Year : 2004
Supplier
: POULTEN &
GRAF GMBH
Country
of Origin : Germany
Product
Description : Laboratory
equipment
Brand : Fortuna
Year : 2000
Supplier
: BRADY WORLDWIDE
INC
Country
of Origin : USA
Product
Description : Laboratory
labels
Brand :
Brady
Year : 2000
Supplier
: ISCO INC
Country
of Origin : USA
Product
Description : Life sciences
instrumentation
Brand : Isco
Supplier
: COWIE TECHNOLOGY
LTD
Country
of Origin : United Kingdom
Product
Description : PTFE products
Brand : Cowie
Year : 2004
Supplier
: EXMIRE MICRO
SYRINGES ITO CORP
Country
of Origin : Japan
Product
Description : Syringes
Brand : Exmire
Year : 2004
Supplier
: SAINT-GOBAIN
PERFORMANCE PLASTICS CORP
Country
of Origin : USA
Product
Description : Tubings
Brand : TYGON
Year : 2000
Supplier
: MARUEMU CORP
Country
of Origin : Japan
Product
Description : Vials
Brand : Maruemu
Year : 2000
Supplier
: KIMBERLY-CLARK
CORP
Country
of Origin : USA
Product
Description : Wiping Products
Brand : Kimberly Clark
Year : 2000
PAYMENT RATING :3 OBTAINED SCORES :
55
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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 Taiwan corporate law for public
disclosure of detailed financials.
*Bank
Details*
=============
Bank
name : HUA NAN COMMERCIAL BANK LTD
Branch : Taipei City
Swift
code : HNBKTWTP
*Int´l
Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports
Total
2003 $200,000.00 $0.00
$200,000.00
2004 $250,000.00 $0.00
$250,000.00
2005 $300,000.00 $0.00
$300,000.00
SC is
considered an old-established business to come into credit dealings of small
amount.
ATTACHED: TRADE REFERENCES
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 3231
Products of purchased glass,
Importing 3821
Laboratory apparatus &
furniture
Importing 3826
Laboratory analytical
instruments, and parts and accessories,
Importing 5047
Medical/Dental
Equip/Supplies
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 3006
Pharmaceutical goods
(specified sterile prod etc.)
Importing 3926909010
Laboratory ware
Importing 7010900500
Serum bottles, vials and other
pharmaceutical containers of glass, for the
conveyance
or packing of goods
Importing 7017
Glassware for lab,
hygienic or pharmaceutical use
Importing 7017200000
Laboratory, hygienic or
pharmaceutical glassware of glass having a
linear
coefficint of expansion not over 5x10 to -6 power/kelvin at 0-300
dg
c
Importing 9000
Optical, photographic,
cinematographic, measuring, checking, precision,
medical
or surgical instruments & accessories
Importing 9018310080
Other syringes, with or without
their needles
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Importing Laboratory
equipment
Importing Laboratory
glassware
Importing Laboratory
instruments
Importing Laboratory
labels
Importing Laboratory
porcelain
Importing Life
sciences instrumentation
Importing PTFE
products
Importing Syringes
Importing
Tubings
Importing Vials
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing
from Croatia
Importing
from Czech Republic
Importing
from Europe
Importing
from Finland
Importing
from Germany
Importing
from Hungary
Importing
from Japan
Importing
from USA
Importing
from United Kingdom
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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