MIRA
INFORM REPORT
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Report Date : |
02.07.2007 |
IDENTIFICATION DETAILS
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Name : |
LYNNBROS INDUSTRIAL CO LTD |
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Registered Office : |
9FL, 129 Sung |
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Country : |
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Date of Incorporation : |
February 26, 1963 |
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Com. Reg. No.: |
11746701 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Research and development of medicines and pharmaceutical products. Manufacturing and importing a wide range of chemical raw materials for
production of western Pharmaceuticals and also supply to food additives,
agricultural products and cosmetic products. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
LYNNBROS INDUSTRIAL CO LTD
9FL, 129 SUNG
TEL : 886-2-25062356
FAX : 886-2-25068505
EXECUTIVE SUMMARY
INCORPORATION DATE : FEBRUARY
26, 1963
REGISTRATION NO. :
11746701
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. CHANG-HUNG LIN (CHAIRMAN)
STAFF STRENGTH :
126
CAPITAL :
US$ 3,312,255
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES : N/A (AS OF DEC. 31, 2005)
PAYMENT :
ABOVE AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.14099 = US$1 AS OF 2007-07-02
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*
===============
1963 - Established as an
importer and distributor of pharmaceutical substances, feed additives, and
veterinary
drugs.
1971 - Established its first
plant to produce veterinary drugs and feed additives.
1974 - Founded SUNLITE
CHEMICAL INDUSTRIAL CO LTD to produce veterinary drugs and feed additives.
1977 - Established LYNNBROS
LABORATORIES INC to import food additives, chemical raw materials, and
antibiotics as
well as to handle indent sales of intermediates for synthesis use.
1983 - SUNLITE CHEMICAL
INDUSTRIAL CO LTD moved to Chung-Li Industrial Zone in Tao-Yuan to
expand its
production capacity to produce synthetic drugs.
1989 - Established a fully
automatic storage warehouse at Ta-Yuan Industrial Zone in Tao-Yuan. It was the
first
1990 - Completed
consolidating and organizing by different business divisions. The new corporate
organization
established LYNNBROS INDUSTRIAL CO LTD as a high-end, low-cost provider of
services and
products.
1991 - Completed the
Enterprise Resource Planning (ERP) system set up to facilitate customer
services.
2002 - Established
electronic Material Division, separation from Chemical Division, to specialize
in sales of IT materials.
*Company Registration*
===================
License number : 11746701
Date issued : 26 February,
1963
Issuing authority : Ministry of
Economic Affairs (MOEA)
*Industry Ranking*
================
Ranked among largest non-manufacturing corporations. Details of rank as
follows:
Year Rank
---- ----
1992 310
*Office & Facilities*
================
Size : 401
sq. meters
Location : Central
Business District (CBD)
Property status : Owned by
LYNNBROS INDUSTRIAL CO LTD
Type of building : Commercial
building
Other e-mail :
webadmin@lynnbros.com.tw
noah@lynnbros.com.tw
Comment : Premises is
shared with subsidiary, HERMOSA TRADING CO LTD
Previous Contact Details
----------------------------------
Tel nos : 2-25111271;
2-25077171
Fax nos : 2-25367505; 2-25063065
Email add :
noah@lynnbros.com.tw
*Corporate & Organization Structure*
=============================
A medium-sized company operated and managed by the owner and an
experienced team of professionals.
Organization and management of the company is divided into the following
divisions :
Division
Tel no Fax no E-mail
------------
----------
----------- ---------
Pharmaceutical
2-25080232 2-25068505 pharm@lynnbros.com.tw
Food
2-25076002 2-25066369 food@lynnbros.com.tw
Agricultural
2-25076003 2-25068505 agri@lynnbros.com.tw
Chemical
2-25066933 2-25073003 chem@lynnbros.com.tw
Cosmetics
Electronics
e-mat@lynnbros.com.tw
Food Additives
food@lynnbros.com.tw
*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.lynnbros.com.tw
The design is professional and the content is well organized. At present
it is both in Chinese and English versions.
E-mail: lynnbros@ms1.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders : 4
Total number of shares
: 6,785,000
Shareholders' Name
No of Shares
------------------------- -----------------
Mr. Chang-hung Lin
2,513,000
Mr. Tzu-yuan Lin
850,000
Ms. Yu-ming Lin
600,000
Ms. Li-ling Liu 110,000
Name Nationality
Job Description
Mr. Chang-hung Lin Taiwanese
General Manager
Mr. Tzu-yuan Lin Taiwanese
General Manager
Management: Mr. Chang-hung Lin,
General Manager
Mr. Tzu-yuan Lin, General Manager
*Key Personnel*
=============
Mr. Chang-hung Lin
Founder : Co-
founder
Work experience : More than 40
years
Responsibilities : Daily
operation of the firm including all financial and legal matters.
Resident status :
Other position : General
Manager, HERMOSA TRADING CO LTD
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Research and development of medicines and pharmaceutical products.
2. Manufacturing and importing a wide range of chemical raw materials
for production of western
Pharmaceuticals and also
supply to food additives, agricultural products and cosmetic products.
3. Local distribution and sales.
Specializes in trading various products and raw materials for the
following industries :
1. Pharmaceutical
2. Veterinary
3. Agricultural
4. Aquacultural
5. Food
6. Chemical
7. Consumer products
8. Plastic processing
9. Water treatment
10. Cosmetics
11. Paint and coating
12. Paper
13. Organic synthesis plant
14. Polymer
15. Electrical
Products also include the following :
- Nutritional enriching agents
- Plant growth stimulants and promoters
- Respiratory system drugs excipients
Products: A-methyldopa
Acyclic dihydric
alcohols
Aminobenzene
Birdseeds
Amino-naphthols
*Payment Terms*
==============
Sales
------
Local : 30-90 days credit
Purchases
--------------
Local : 30-90 days credit
Import : Letter of Credit (L/C)
Open Account (D/A)
with settlement using Telegraphic Transfer (T/T)
*Exhibition Participation*
====================
Participated in the following local exhibitions:
(1)
Exhibition fair : 9th Taipei
International Food Show
Dates attended : 9-12 June, 1999
Location :
(2)
Exhibition fair : 11th Taipei
International Food Show
Dates attended : 14-17 June, 2001
Location :
(3)
Exhibition fair :
Dates attended : 21-25 June, 2001
Location :
(4)
Exhibition fair : 14th Taipei
Int'l Food Show
Dates attended : 17-20 June, 2004
Location :
*Competitors*
===========
The following locally based companies supply identical range of products
:
- MONSANTO FAR EAST LTD -
- DUSKIN SERVE TAIWAN LTD
- GREEN SEASONS BIOTECH CO LTD
- GRAND HORN ENTERPRISE CO LTD
- LYTONE ENTERPRISE INC - SHEN YEOU ENTERPRISE CO LTD
- SHEN YEOU ENTERPRISE CO LTD
- CHARNG CHEN ENGINEERING CO LTD
- SHIAN SHENG TRADING CO LTD
- EASY CURE BIOTECH CO LTD
- CHINA WAY CORP
*Warehousing Facilities*
==================
Size : 8,994 sq. meters
Location :
Ta-Yuan Industrial Zone
Facilities :
The number of solid storage space is 1,500 pallets and there is still enough
room to be
increased
to 3,700 pallets. The warehouse is fully controlled and monitored by
computers.
*Imports*
========
Products are imported from 250 world renowned manufacturers in 33
countries, which include
*Domestic Customers*
==================
Customer's/Client's name : YUNG SHIN PHARMACEUTICAL INDUSTRY CO LTD
Major local customers include:
- Pharmaceutical manufacturers
- Food companies
- Manufacturers who produce aquatic foods, bean curd, dairy products,
fats & oils, frozen foods, frozen sweets,
meat processing products,
pastry, preparations of flour, soft drinks, soy bean sauce & pickled
vegetables, and
sugar confectionery.
- Feed plants
- Aquatic breeding farms
- Tea plantations
- Livestock farms
- Fruit plantations
- Flower plantation
*Local Distribution Network*
=======================
100% of the annual turnover is attributed to local sales mainly to the
pharmaceutical, feed, and agricultural aqua cultural, food and chemical
industries as well as to consumer products manufacturers as raw materials for
further processing.
*Export Markets*
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There is no record of export. Since the prime focus of the firm's
activity is concentrated on the local sales only.
*International Trade Ranking*
========================
The firm has been ranked among
Details of rank are as follows :
Year Rank
----- ------
1997 1415
2005 1978
*Overseas Suppliers*
===============
(1)
Supplier's name : KYOWA
CHEMICAL INDUSTRY CO LTD
Country :
Product/material : Dried
Aluminum Hydroxide Gel, Synthetic Hydrotalcite, Ricamitt, Glycinal, Sanalmin,
Synthetic Aluminum Silicate, Magnesium
Trisilicate, Magnesium Oxide, Magnesium
Hydroxide, Ubidecarenone, L-Glutamic
Acid, Aluminum Hydroxide Sorbitol Complex,
Kumulite (Dihydroxy Aluminum Sodium
Carbonate, Aluminum Magnesium Hydrate
Magaldrate, Aluminum Hydroxide-Magnesium
Carbonate Co-Dried Gel
(2)
Supplier's name : KONGO CHEMICAL CO LTD
Country :
Product/material : Cholrpheniramine Maletate, Diphenhydramine,
Allylisopropylacetylurea
(3)
Supplier's name : CIPAN COMPANHIA INDUSTRIAL PRODUCTORA DE ANTIBIOTICOS
SA
Country :
Product/material : Demeclocycline Hcl
(4)
Supplier's name : MARUZEN PHARMACEUTICALS CO LTD
Country :
Product/material : Di Potassium Glycyrrhizinate, Sodium Glycyrrhizinate,
Licorex-P
(5)
Supplier's name : NIPPON RIKA CO LTD
Country :
Product/material : L-Methylcystein Hydrochloride, L-Cysteine
Hydrochloridemonohydrate
(6)
Supplier's name : EGIS
PHARMACEUTICALS CO LTD
Country :
Product/material : Alpha-Methyldopa, Captopril
(7)
Supplier's name : NEW ZEALAND PHARMACEUTICAL LTD
Country :
Product/material : Dehydrocholic Acid, Pure Natural Taurine
(8)
Supplier's name : RECORDATI INDUSTRIA CHIMICA E FARMACEUTICA SPA (LATINA
PLANT)
Country :
Product/material : Verapamil
(9)
Supplier's name : YUNGJIN PHARMACEUTICAL CO LTD
Country :
Product/material : Talampicillin Hydrochloride
(10)
Supplier's name : ALPS PHARMACEUTICAL INDUSTRIAL CO LTD
Country :
Product/material : Ginseng Extract-B (Soft), Ginseng Extract-P,
Sennosides
(11)
Supplier's name : POLI INDUSTRIA CHEMICA SPA
Country :
Product/material : Bromocriptine Methanesulphonate (Bromocriptine
Mesylate)
(12)
Supplier's name : DAITO CORP
Country :
Product/material : Flavoxate Hcl, Diltiazem Hcl
*LOCAL BRANCHES & MANAGEMENT*
=================================
Branch : LYNNBROS INDUSTRIAL CO LTD -
Branch Address : 33Fl-2,
Branch Tel : [+886] 7-5353636
Branch : LYNNBROS INDUSTRIAL CO LTD -
Branch Address : 8Fl-2,
Branch Tel : [+886] 2-25156699
Branch : LYNNBROS INDUSTRIAL CO LTD -
Branch Address : 4Fl,
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : HERMOSA TRADING CO LTD
Address : 9Fl, 129 Sung
Country :
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Importer
Industry : Chemicals
Company Name : LYNNBROS LABORATORIES INC
Address : 9Fl, 129 Sung
Country :
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Medical Equipment & Pharmaceutical
Company Name : SUNLITE CHEMICAL INDUSTRIAL CO LTD
Address : 9Fl, 129 Sung
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Chemicals
*Branches*
=========
Two dedicated laboratories are set up at the
*Strategic Partners & Alliances*
=========================
Developed and maintained close business relationships with hundreds of
GMP pharmaceutical manufacturers.
PAYMENT RATING : 2 OBTAINED SCORES : 80
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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
MODERATE 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
*Financial Summary (Currency:
==============================
Year Sales Net Income
2004 $29,864,661.65 $172,030.08
*Int´l Trade Activity (Currency:
=============================
Year Imports Exports Total
2003 $15,460,500.00 n/a $15,460,500.00
2004 $18,507,420.99 $3,196.00 $18,510,616.99
2005 $17,071,034.00 n/a $17,071,034.00
2006 $18,694,637.00 n/a $18,694,637.00
Over the past 44 years, SC has made a stable growth with satisfactory
profit. It is considered a credit line up to USD 500,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2035 Pickled
fruits and vegetables, vegetable sauces and seasonings, and salad
dressings
Importing 2800 Chemicals
and Allied Products
Importing 2899 Chemical
preparations,
Importing 3295 Minerals
and earths, ground or otherwise treated
Importing 5169 Chemicals/Allied
Prdts, NEC
Trading 1479 Chemicals
and fertilizer minerals
Trading 2000 Food
and Kindred Products
Trading 2035 Pickled
fruits and vegetables, vegetable sauces and seasonings, and salad
dressings
Trading 2048 Prepared
feeds,
Trading 2079 Shortening,
table oils, margarine and other edible fats and oils,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 0404100500 Whey
protein concentrates, modified whey, whether or not containing added
sugar
or other sweetening matter
Importing 1302120000 Vegetable
saps and extracts of licorice
Importing 1302190000 Vegetable
saps and extracts
Importing 1702110000 Lactose
and lactose syrup, containing by weight 99 % or more lactose,
expressed
as anhydrous lactose, calculated on the dry matter
Importing 1702400000 Glucose
(dextrose) and glucose syrup, containing in the dry state at least 20%
but
less than 50% by weight of fructose
Importing 1702500000 Chemically
pure fructose in solid form
Importing 2103902000 Sauces
derived or prepared from fish
Importing 2106900300 Food
preps,<5.5% butterfat mixed with oth ingredients incl sugar if >16% milk
solids
capable of being further processed/etc, see general note 15
Importing 2309901005 Bird
seed
Importing 2519901000 Magnesia,
fused and dead-burned (sintered)
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importing Butyric acids
Importing Carboxymethylcellulose
Importing Cellulose
Importing Chemicals, raw sugar
Importing Glue
Importing Glucose
Importing Fructose
Importing Folic acid
Importing Ether-phenols
Importing Enzymes
INTERNATIONAL TRADE : ACTIVITY & MARKETS
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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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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)