MIRA
INFORM REPORT
|
Report Date : |
10.01.2007 |
IDENTIFICATION DETAILS
|
Name : |
MULTI-TEK FASTENERS & PARTS MANUFACTURER CORP |
|
|
|
|
Registered Office : |
169, Lane 202, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
JULY
16, 1993 |
|
|
|
|
Com. Reg. No.: |
84433924 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Manufacturing
and exporting of set screw 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
150,000 |
|
|
|
|
Status : |
Good |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name
MULTI-TEK FASTENERS & PARTS MANUFACTURER CORP
address
169, LANE 202,
JENTE HSIANG
TEL: 886-6-3663355
FAX: 886-6-3662299
EXECUTIVE SUMMARY
INCORPORATION
DATE : JULY 16, 1993
REGISTRATION
NO. : 84433924
LEGAL
FORM : PRIVATE
CHIEF
EXECUTIVE : MR. PAUL
PU-LIN CHANG (CHAIRMAN)
STAFF
STRENGTH : 100
CAPITAL : US$
2,450,230
BUSINESS
LINE : MANUFACTURER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : TWD 33.0398 =
US$1 AS OF 2007-1-9-
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –
*Company
History*
===============
1995 - Developed Cone point Set Screw
1998 - Developed Slotted Set Screw
*Company
Registration*
===================
(1)
License
number : 84433924
Date
issued : 16 July, 1993
Issuing
authority : Ministry of Economic Affairs
(MOEA)
(2)
License
number : 99676884
Date
issued : 5 November, 2004
Issuing
authority : Industrial Development
Bureau, MOEA
Licence
type : Manufacturing Licence
*Capital
Details*
============
Initial
capital : NTD 10,000,000.00
Capital
increase : NTD 80,000,000.00
*Office
& Facilities*
================
Size : 1,400 sq meters (Approx)
Location :
Property
status : Rented
Type of
building :
Comments : Serves as office and factory (2).
Other
Contact Details
-----------------------------
Tel:
6-2701231
Previous
Contact Details
-----------------------------------
(1)
Address :
Tel
No. :
6-2701231
Fax
No. : 6-2796894
(2)
Address :
Tel
No. : 6-2796894
*Factories,
Size & Locations*
======================
(1)
Type of
building :
Building
size : 1,132 sq meters (Including 2
floors)
Location : An
Comments : Serves as warehouse and factory.
(2)
Type of
building :
Building
size : 6,400 sq meters (Approx)
Location :
Comments :
Serves as office and factory.
*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.multi-tek.com.tw
The design is professional and the content is well organized. At present it is
both in Chinese and English version.
E-mail: multitek@ms6.hinet.net
For the
past two years there is no record of litigation.
*Major
Shareholders*
================
Shareholders'
Name No of Shares
------------------------- ----------------
Ms.
Chia-ling Tsai 1,050,000
Ms.
Shu-feng Huang 700,000
Mr. Paul
Pu-lin Chang 400,000
Mr.
Chi-feng Chang 240,000
Management:
Mr. Jack Shiu, Liaison Officer
Mr.
Paul Pu-lin Chang, General Manager
Ms. Hsiu-ying Pao, Representative
Name Nationality
Job Description
Mr. Jack
Shiu Taiwanese Liaison Officer
Mr. Paul
Pu-lin Chang Taiwanese General Manager
Ms.
Hsiu-ying Pao Taiwanese Representative Sales
*Key
Personnel*
============
Paul
Pu-lin Chang
Founder : Co-Founder
Work
experience : More than 20 years
Responsibilities : Daily operation of the firm including
all financial and legal matters.
*Main
Products & Services*
=====================
Specializes
in manufacturing and exporting of set screw products.
Product
lines includes:
-
Hexagon Socket Set Screw, Flat Point
-
Hexagon Socket Set Screw, Cone Point
-
Hexagon Socket Set Screw, Dog Point
-
Hexagon Socket Set Screw, Cup Point
-
Slotted Set Screw
-
Hexagon Socket Set Screw, Oval Point
-
Tailor-made Set Screw
-
Hexagon Socket Pipe Plug
- 6-Lobe
Socket, Set Screw
-
Hexagon Socket Set Screw, Knurled Cup Point
Products:
Iron & steel products
Screws
Hexagon head screws
Metal fasteners
Set screws
*Brand*
======
MT
*Payment
Terms*
=============
Sales
------
Local : 30-60 days credit
Export :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Local :
30-60 days credit
Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
===========
The
following locally based companies supply similar range of products:
- ANCHOR
FASTENERS INDUSTRIAL CO LTD
- CHANG
TAI SHINING ENTERPRISE LTD
- PSM
FASTENERS (
- TAI
LOU METAL INDUSTRY CO LTD
- CHONG
CHENG ENTERPRISES INC
*Quality
Certification*
==================
Obtained
the following certifications:
(1)
Type of
certification : ISO 9002
Issuing
authority : N/A
Year of
certification : 1999
(2)
Type of
certification : ISO 9001
Approved
number : 12 100 16871 TMS
*Warehousing
Facilities*
==================
Location : Linkuang,
Size : 450 sq meters
Property
status: Rented
In March
2006, the firm invest in Linkuang EPZ with an operating fund of NTD 74.18
million for setting up a warehouse and processing branch, which will (in future
years) engage in the production of such as screws, nuts, and related metal
hardware.
*Production
Capacity*
==================
Item : Screws
Current
capacity : 100 million piece per
month by year end
Note :
Maintains a reserve of 1,000 tons of regular stock.
*Machinery
& Equipment*
====================
Production:
Forming
Stage
--------------------
Quantity
of Forming Machine : 29
Productive
Capacity : 2,900,000
pcs/8hr
Process
Capability (Cpk) : 1.73
(Average)
Threading
Stage
----------------------
Quality
of Threading Machine : 27
Productive
Capability : 5,400,000
pcs/8hr
Lathe
Department
------------------------
Improved
Lathe : 4
CNC
Lathe : 1
Grounding
Machine : 1
Packing
Stage
--------------------
Packing
Volume : 11 ton / 8hr
Machine/system
: Covering Membrane Machine
In-Out Warehouse
Management System
Quality:
Inspective
Equipment
------------------------------
-
Projector
-
Rockwell Type Hardness Tester
- Micro
Hardness Tester
- Johnson
Gage
- Dial
Indicating Torque Wrench
-
Mounting Press Machine
- Gauge
Block Set
*Patents*
========
(1)
Patent
number : 6220805B1
Country
of registration :
(2)
Patent
number : 183978
Country
of registration :
(3)
Patent
number : ZL 01208933.8
Country
of registration :
*Local
Distribution Network*
======================
5% of
the annual turnover is attributed to local sales
*Export
Markets*
=============
95% of
the annual turnover is attributed to export.
*LOCAL
BRANCHES & MANAGEMENT*
=================================
Branch :
MULTI-TEK FASTENERS & PARTS MANUFACTURER CORP -
Branch
Address : 2Fl,
Branch
Zip : 806
Branch
Suburb : Chienchen Dist
Branch
Tel : [+886] 7-8232143
*(Subsidiaries,
Joint-ventures & Affiliates)
================================
Company
Name : JU JIANG HARDWARE (DONGGUAN) CO LTD
Global
Identifier : P0891920
Address
: 2 Area Da Jing Tou Village Da Lang Town Dalang Town Dongguan 523777
Country
:
Relationship
: Affiliate
Legal
Form : Private Limited Company
Company
Type : Trader
Industry
: Metals & Metal Products
Company
Name : MEISTER-TEK INDUSTRIES (S) PTE LTD
Global
Identifier : P0891918
Country
:
Relationship
: Affiliate
Legal
Form : Private Limited Company
Company
Type : Trader
Industry
: Metals & Metal Products
PAYMENT RATING : 3 OBTAINED SCORES : 68
|
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
MODERATE amounts depending on individual judgement experience.
*BANK
DETAILS*
===============
Bank
Name : TAIWAN BUSINESS BANK
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
*Int´l
Trade Activity (Currency:
==============================
Year Imports Exports
Total
2003 $75,000.00 $4,055,579.58
$4,130,579.58
2004 $1,170,000.00 $4,680,000.00 $5,850,000.00
2005 $23,000.00 $6,500,000.00
$6,523,000.00
*Financial
Summary (Currency:
===============================
Year Sales Assets
Net Income
2005 $6,815,955.77 $268,562.40 $295,418.64
Over the
past 14 years, SC has made a stable growth with satisfactory profit. It is
considered a credit line up to USD 150,000 appears to be within SC’s
capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Exporting 3400
Fabricated Metal Products
Exporting 3452
Bolts, nuts, screws,
rivets, and washers
Exporting 3499
Fabricated metal products,
Manufacturing 3400 Fabricated Metal Products
Manufacturing 3452 Bolts, nuts, screws, rivets, and
washers
Manufacturing 3499 Fabricated
metal products,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Exporting 7318156000
Other screws of iron or steel nesoi
having shanks or threads with a
diameter
of less than 6mm
Exporting 7318190000
Threaded articles of iron or steel
nesoi (not bolts, nuts or screws)
Exporting 7326908585
Other articles of iron or steel
Manufacturing 3926908500
Fasteners,in clips suitable for use
in a mechanical attaching device
Manufacturing 7318 Screws, bolts, nuts, washers
etc, iron or steel
Manufacturing 7318160000
Nuts of iron or steel
Manufacturing 7318160090
Other nuts of iron or steel
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Manufacturing Metal
products
Manufacturing Nuts
Manufacturing Screws
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Exporting
to
Importing
from
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 |
|