MIRA
INFORM REPORT
|
Report Date : |
16.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
YENSTAR ENTERPRISE CO LTD |
|
|
|
|
Registered Office : |
4FL, 192 Ho Ping East Rd Section 1 Ta-An Dist Taipei City 106 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
AUGUST
12, 1986 |
|
|
|
|
Com. Reg. No.: |
22181309 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Importing
and domestic sales of chemical products.
|
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD
30,000 |
|
|
|
|
Status : |
Fair |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name
YENSTAR ENTERPRISE CO LTD
address
4FL, 192 HO PING EAST RD SECTION 1 TA-AN DIST
TAIPEI CITY 106, TAIWAN
TEL: 886-2-23621120
FAX: 886-2-23623941
EXECUTIVE SUMMARY
INCORPORATION
DATE : AUGUST 12, 1986
REGISTRATION
NO. : 22181309
LEGAL
FORM : PRIVATE
CHIEF
EXECUTIVE : MS.
TSUI-FENG HUANG (CHAIRMAN)
STAFF
STRENGTH : 4
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 : USD 30,000
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : TWD 32.72320 =
US$1 AS OF 2007-1-15
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 : 22181309
Date
issued : 12 August, 1986
Issuing
authority : Ministry of Economic
Affairs (MOEA)
*Office
& Facilities*
===============
Size : 203 sq. meters.
Location : Taipei City
Property
status : Rented
Type of
building : Commercial
Comments : Serve as office and
factory.
*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.
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*
================
Shareholder's
Name % of Shares
-------------------------- ----------------
Ms.
Tsui-feng Huang 99.00
Name Nationality
Job Description
Mr.
Caspa Ming-wei Lin Taiwanese Manager Sales
Ms.
Tsui-feng Huang Taiwanese
General Manager
Management:
Mr. Caspa Ming-wei Lin, Manager
Ms.
Tsui-feng Huang, General Manager
*Key
Personnel*
============
Ms.
Tsui-feng Huang
Founder : Sole-founder
Resident
status : Taiwan
Responsibilities : Handles the daily operation of the firm
including all financials and legal matters.
Work
experience : More than 20 years.
*Main
Products & Services*
=====================
Specializes
in importing and domestic sales of chemical products.
Products:
Cosmetic products
Essential oils
Inorganic chemicals
Cosmetic products
Essential oils
*Payment
Terms*
=============
Sales
------
Local : Cash
30-90 days credit
Purchases
--------------
Local : Cash
30-90 days credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
===========
The
following locally based companies supply identical range of products:
- BIN
HANN SPICE CHEMICAL CO LTD
- KUAN
FA TRADING CO LTD
- SIN
CHENG CORP
- TACO
TRADING CO LTD
-
ZILLION WILLS CO LTD
*Local
Distribution Network*
======================
100% of
the annual turnover is attributed to local sales.
*Export
Markets*
=============
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
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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 : TAIWAN BUSINESS BANK
Branch : Taipei
Swift
code : MBBTTWTP
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.
*Int´l
Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports
Total
2003 $50,000.00 $0.00
$50,000.00
2004 $100,000.00 $0.00
$100,000.00
2005 $200,000.00 $0.00
$200,000.00
Over the
past 21 years, SC has made a stable growth with satisfactory profit. It is
considered a credit line up to USD 30,000 appears to be within SC’s capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 2800
Chemicals and Allied
Products
Importing 2819
Industrial inorganic
chemicals,
Importing 2844
Toilet preparations
Importing 2899
Chemical preparations,
Trading 2800
Chemicals and Allied
Products
Trading 2819
Industrial inorganic
chemicals,
Trading 2844
Toilet preparations
Trading 2899
Chemical preparation
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 2800
Inorganic chem, org/inorg
compounds of precious metals, isotopes
Importing 3300
Oils & resinoids,
perfumery, cosmetic or toilet preparations
Importing 3301
Essential oils; resinoids;
terpenic by-products etc
Importing 3301900000
Other essential oils (terpeneless or
not), including concretes & absolutes;
concentrates
of essential oils in fats, in fixed oil, in waxes/the like
Importing 3307900000
Depilatories and other perfumery,
cosmetic or toilet preparations
Importing 3800
Miscellaneous chemical
products
Importing 3823905050
Chemical products and preparations
of the chemical or allied industries
Trading 2800
Inorganic chem, org/inorg
compounds of precious metals, isotopes
Trading 3300
Oils & resinoids,
perfumery, cosmetic or toilet preparations
Trading 3301
Essential oils; resinoids;
terpenic by-products etc
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trading Inorganic
chemicals
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing
from Austria
Importing
from Brazil
Importing
from Bulgaria
Importing
from Europe
Importing
from Oceania
Importing
from Russia
Importing
from South America
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|