MIRA
INFORM REPORT
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Report Date : |
05.07.2007 |
IDENTIFICATION DETAILS
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Name : |
KK POWER ( |
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Registered Office : |
14FL-B2, |
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Country : |
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Date of Incorporation : |
May 8, 1998 |
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Com. Reg. No.: |
16497189 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in providing research and development of web page and multimedia
software products, e-commerce, network designs, consultation, internet
concepts and other computer related services. |
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 : |
Up To US$ 20,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
KK POWER (
14FL-B2,
TEL : 886-4-22602726
FAX : 886-4-22602978
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 8, 1998
REGISTRATION NO. :
16497189
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. SAM SHENG-HUI YANG (CHAIRMAN)
STAFF STRENGTH :
8
CAPITAL :
US$ 241,692
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.7672 = US$1 AS OF 2007-7-2
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*
================
1985 -
Established KK POWER HOLDINGS INC in
2007 - The
company no longer handle the manufacturing of printing machines.
Note: ESTABLISHED YEAR : 1979
*Company Registration*
===================
License number : 16497189
Date issued : 8 May, 1998
Issuing authority : Ministry of
Economic Affairs (MOEA)
*Company Name*
=============
Incorporated as :
VERTIMEDIA CO LTD
Date of incorporation : 8 May,
1998
Changed name to : KK POWER
(ASIA) CO LTD
Date of change : 7
February, 2007
*Office & Facilities*
===============
Size : 491
sq. ft.
Location :
Property status : Rented
Type of building : Commercial
building
Comments : - Serves as
office, factory, and warehouse.
-
Premises is shared with CVC TECHNOLOGIES INC and JAN CHENG TECHNOLOGIES
CO LTD
Previous contact details
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Address : 2, Lane 183 Ta
Hsing St, East Dist,
Tel :
4-22825122
Fax :
4-22812625
Address : 1, Lane 132,
Tel :
4-22780233
Fax :
4-22781521
Address :
Tel No. : 4-24969922
Fax No : 4-24969933
Email address : kkpower@ms16.hinet.net
Website : www.kkpower.com
*Corporate & Organization Structure*
============================
A small sized company operated and managed by an experienced team of
professionals.
*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.vertimedia.com The design is professional and the content is
well organized.
Email : cvctech@ms31.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name No. of Shares
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Mr. Sam Sheng-hui Yang 320,000
Mr. Tan Lin
320,000
Mr. Chia-cheng Yang 80,000
Mr. Chien-jung Chen
16,000
*COMPANY MANAGEMENT*
=========================
Name Nationality
Job Description Dept. / Division
Mr. Joshua Hsu Taiwanese
Manager Technical
Ms. Chia-wei Chen Taiwanese
Assist. Producer -
Mr. Sam Sheng-hui Yang Taiwanese
General Manager -
*Key Personnel*
============
Mr. Sam Sheng-hui Yang
Founder : Co-founder
Age
: 60 years old
Work experience : More than 5 years
Responsibilities : Handles the daily operation of the firm
including all financials and legal matters.
Resident status :
Other position : Chairman and CEO of CVC TECHNOLOGIES INC and
JAN CHENG TECHNOLOGIES CO
LTD
Ms. Chia-wei Chen
Tel no :
4-22602726 Ext : 20
Email address : vivian@dreamnett.com
*Main Products & Services*
======================
Engaged in providing research and development of web page and multimedia
software products, e-commerce, network designs, consultation, internet concepts
and other computer related services.
Note : The company was previously engaged in the following areas of work
:
1. Manufacture and export of pressure sensitive labelers and related
labeling and capping machines.
2. Distribution of complete packaging lines including liquid filling
lines and tablet/capsule bottling line.
3. Represents some advanced European and American packaging machines to
satisfy special customer
requirements in Asian
countries.
Products : Computer management
Computer
programming
Internet homepage
development
Multimedia
network
Web design
*Brand*
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Brand KK & KK
Brand KK Power
*Payment Terms*
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Sales
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Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Document against
Acceptance (D/A)
Purchases
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Local : Cash
30-90 days credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Document against
Acceptance (D/A)
*Competitors*
===========
The following locally based companies supply similar range of products:
- ADDWE TECHNOLOGY CO LTD
- ADVANCED SYSTEM INC
- CHAIN INFORMATION SYSTEMS INC
- E-TRADE INFORMATION CORP
- ELAND TECHNOLOGIES CO LTD
*Associations*
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Member of :
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*International Exhibition Participation*
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Participated in the following international exhibitions :
Exhibition fair : 8th Gulf Food
Exhibition
Dates attended : 25-28 February, 2001
Location :
Exhibition fair : PROPAK AFRICA
2001
Dates attended : 6-9 March, 2001
Location :
Exhibition fair : IIME 2001-
Dates attended : 9-12 May, 2001
Location : Ho
Exhibition fair : 73rd
PLASTCHEM
Dates attended : 18-21 June, 2001
Location :
Exhibition fair : EXPO PACK
MEXICO 2001
Dates attended : 26-29 June, 2001
Location :
Exhibition fair : TAROPAK 2001
Dates attended : 11-14 September, 2001
Location :
Exhibition fair : ProPak
Indonesia 2001
Dates attended : 10-13 October, 2001
Location :
Exhibition fair : Manufacturing
2001
Dates attended : 28 November - 1 December, 2001
Location :
Exhibition fair : Packaging
2006
Dates attended : 18-20 April , 2006
Location :
*Quality Certifications*
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Type of certification : ISO 9002
Issuing authority : BSI
Approved number : FM 40752
*Local Distribution Network*
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The prime focus of the company remains domestic.
Note:
Prior to 2006/7 the firm domestic business was minor.
*Domestic Customers*
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Name
JAN CHENG TECHNOLOGIES CO LTD
*Export Markets*
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The export figures listed above were related to previous printing
equipment the firm manufactured and exported.
However it is understood that this product line is no longer maintained.
*International Trade Activity*
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2006
- Discontinued exporting its products to
*Overseas Agents And Distributors*
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Agent : L & B SYNTHETIC & TECHNOLOGIES CORP
Country of Origin :
Product Description : Labeling machines
Brand : KK Power
*(Subsidiaries , Joint-ventures & Affiliates)
=================================
Company Name : CVC TECHNOLOGIES INC
Address :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Machinery
Company Name : JAN CHENG TECHNOLOGIES CO LTD
Address :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Machinery
Company Name : KK POWER HOLDINGS INC
Address : Streng Bldg 3, Lane 600,
Country :
Relationship : Subsidiary
Legal Form : Branch office of overseas company
Company Type : Trader
Industry : Machinery
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.
*Bank Details*
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Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : TAIWAN COOPERATIVE BANK
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : TACBTWTP
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.
*Financial Summary (Currency:
================================
Year Sales Assets Net Income
2003 US$ 8,043,713.96 US$
634,371.40 US$ 603,752.60
*Int´l Trade Activity (Currency:
================================
Year Imports Exports Total
2004 US$ 35,000.00 US$ 0.00 US$ 35,000.00
2005 US$ 200,000.00 US$ 4,500,000.00 US$ 4,700,000.00
2006 US$ 290,000.00 US$ 800,000.00 US$ 1,090,000.00
SC is considered small-sized in its line, and it just adjusted its
business operation to a new filed in 2007. It is considered a credit line up to
US$ 20,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 7371 Computer
Programming Svcs
Service 7373 Computer
Int systems Design
Service 7376 Computer
Facilities Mgt Svcs
Service 7379 Computer
Related Svcs, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9915 Computer
programming services
Service 9917 Computer
integrated systems design
Service 9920 Computer
facilities management
Service 9923 Computer
related services, nec
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
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%)