MIRA
INFORM REPORT
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Report Date : |
1st
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SUNG
TING TRADING CO. LTD. |
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Registered Office : |
7fl-3, 389 Min Sheng Rd Section 2 West
Dist Tainan City 703, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
20.09.2001 |
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Com. Reg. No.: |
12901737 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged
in importing and domestic sales of beans 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/normal. |
Small |
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Maximum Credit Limit : |
USD
5,000 |
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Status : |
Small
Company |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
Company Name & Address
SUNG TING TRADING CO LTD
7FL-3, 389 MIN SHENG RD SECTION 2 WEST DIST
TAINAN CITY 703, TAIWAN
TEL :
886-6-2295658
FAX :
886-6-2295703
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 20, 2001
REGISTRATION NO. :
12901737
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. CHIEN-YUAN WANG (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 153,139
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE :
USD 5,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.5800 = US$1 AS OF 2006-12-30
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
*Company
Registration*
===================
License
number : 12901737
Date issued :
20 September, 2001
Issuing
authority : Ministry of
Economic Affairs (MOEA)
*Registered
Office*
==============
Although
the company is operating its main business from the address listed above, the
actual business license is legally registered at :
Address : 1Fl, 14 Alley 31, Lane 570, Chang Hsi Rd
Section 2 Annan Dist Tainan City
709
*Office
& Facilities*
================
Size : 113 sq meters
Property
status :
Owned under Mr. Chien-yuan Wang
Location : Tainan
City
Type of
building : Commercial
*Corporate
& Organization Structure*
=============================
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.
Email : sunting393@yahoo.com.tw
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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Shareholder's
Name % of Shares
-------------------------- ----------------
Mr. Chien-yuan Wang 99.00
Name Nationality
Job Description
Mr.
Chien-yuan Wang Taiwanese General Manager
*Key
Personnel*
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Mr.
Chien-yuan Wang
Founder : Sole- founder
Work
experience : More than 5 years
Responsibilities :
Handles the daily operation of the firm including all financials and legal
matters.
Resident
status :
Taiwan
*Main
Products & Services*
=====================
Specializes
in importing and domestic sales of beans products.
Products
: Beans
Corn
Grains
Safflower
seeds
Wheat
seed
*Payment
Terms*
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Sales
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Local :
Cash
30 - 90 days credit
Purchases
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Local : Cash
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 :
- ASIA
FROZEN FOOD CORP
-
BEANSUM CO LTD
- CHANG
CHUNG CEREAL CO LTD
- HEINZ
FOOD LTD
- NIENG
NOONG TRADING CO LTD
*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 :
48
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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*
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Bank
name : TAIWAN COOPERATIVE BANK
Branch :
Tainan
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.
*Int´l
Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports
Total
2003 $500,000.00 n/a $500,000.00
2004 $1,000,000.00 n/a $1,000,000.00
2005 $800,000.00 n/a $800,000.00
Over the
past 5 years, SC has made a stable growth with satisfactory profit. It is
considered a credit line up to USD5,000 appears to be within SC’s capacities.
ATTACHED: TRADE REFERENCES
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 0115
Corn
Importing 2034
Food products, dried and
dehydrated
Importing 5153
Grain & Field Beans
Trading 0115
Corn
Trading 2034
Food products, dried and
dehydrated
Trading 5153
Grain & Field Beans
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 0710220000
Beans (vigna spp., phaseolus spp.),
uncooked or cooked by steaming or
boiling
in water, frozen
Importing 0710224090
Beans (vigna spp., phaseolus spp.),
reduced in size, uncooked or
cooked
by steaming or boiling in water, frozen
Importing 0713101000
Peas (pisum sativum), seeds of a
kind used for sowing, dried, shelled
Importing 0713312000
Beans of the species vigna mungo
(l.) hepper or vigna radiata (l.)
wilczek,
except seed, entered for consumption may 1 to august 31, dried,
shelled
Importing 1001901000 Seed wheat, except durum, and seed meslin
Importing 1005902000
Corn (maize) yellow dent, except
seed
Importing 1007000020
Grain sorghum seeds of a kind used
for sowing
Importing 1207600000
Safflower seeds, whether or not
broken
Importing 2106
Food preparations
Trading 0710220000
Beans (vigna spp., phaseolus spp.),
uncooked or cooked by steaming or
boiling
in water, frozen
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Product/Service Description
Importing Peas
Importing Grain,
seed
Trading Beans
Trading Corn
Trading Grains
Trading Safflower
seeds
Trading Wheat
seed
Trading Peas
Trading Grain,
seed
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing
from Asia
Importing
from Australia
Importing
from Cambodia
Importing
from Canada
Importing
from China
Importing
from India
Importing
from North America
Importing
from Oceania
Importing
from Thailand
Importing
from USA
Importing
from Ukraine
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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