MIRA
INFORM REPORT
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Report Date : |
12.07.2007 |
IDENTIFICATION DETAILS
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Name : |
KHS SYNCHEMICA CORP |
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Registered Office : |
10FL Traders Bldg |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
May 13, 1986 |
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Com. Reg. No.: |
22049169 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing a wide range of chemical raw materials for production of
western pharmaceuticals and feed additives. Trading agricultural pesticides, raw materials for medical
preparations and chemicals for textile industry. |
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$ 150,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
KHS SYNCHEMICA CORP
10FL TRADERS BLDG
TEL : 886-2-25093130
FAX : 886-2-25093246
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 13, 1986
REGISTRATION NO. :
22049169
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. KURT WEI-CHUNG CHANG (CHAIRMAN)
STAFF STRENGTH :
12
CAPITAL :
US$ 528,701
BUSINESS LINE :
TRADER
TURNOVER :
US$ 2,639,056.83 (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.7031= US$1 AS OF 2007-7-12
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –
*Company Registration*
===================
License number : 22049169
Date issued : 13 May,
1986
Issuing authority : Ministry of
Economic Affairs (MOEA)
*Company Name*
==============
Incorporated as : HELM TONG
SING CHEMICAL CORP
Date incorporated : 13 May,
1986
Changed name to : HELM TONG
SING CORP
Changed name to : KHS
SYNCHEMICA CORP
*Office & Facilities*
================
Size : 520
sq. meters (Approx)
Location : Central Business District (CBD)
Property status : Rented
Type of building : Commercial
Other e-mails : hts@helmts.com,
khs@khs-synchemica.com
*Corporate & Organization Structure*
=============================
A very well recognized medium
-sized company operated and managed by the Owner and an experienced team of
professionals.
*Factories, Size & Locations*
=======================
The company is a trading house focused on importation of overseas
products, and maintains no manufacturing facilities.
*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.khs-synchemica.com The design is
professional and the content is well organized. At present it is in English
version.
Email :
tess.dy@khs-synchemica.com
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Shareholders' Name No. of Shares
-------------------------- ------------------
Mr. Kurt Wei-chung Chang 875,000
TONG SING CHEMICALS CO LTD
349,600
Mr. Wen-ping Liao 87,500
*Company Directors*
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Name : Mr. Yi-shen Hsu
Nationality :
*COMPANY MANAGEMENT*
===========================
Name Nationality
Job Description Dept. / Division
Mr. Wen-an Chou Taiwanese
Executive Sales
Mr. Kurt Wei-chung Chang Taiwanese
General Manager -
*Key Personnel*
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Mr. Kurt Wei-chung Chang
Founder :
Co-Founder
Resident status :
Responsibilities : Handles
the daily operation of the firm including all financials and legal matters.
E-mail address :
kurt.chang@khs-synchemica.com
Work experience : More than 20
years.
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing a wide range of chemical raw materials for production of
western pharmaceuticals and feed additives.
2. Trading agricultural pesticides, raw materials for medical
preparations and chemicals for textile industry.
3. Export and local distribution of its purchased to their customers.
4. Management and execution of indent sales, whereby the end-user buyer
(local factories) purchase and import directly, and the principal (HELM) then
pays commissions based on sales.
Products : Agricultural chemicals
Agricultural
pesticides
Antimony
oxide
Aromatic compounds
Birdseeds
*Brand*
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Brand KHS
*Payment Terms*
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Sales
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Local : Cash
30-60 days credit
Exports : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash
30-90 days credit
Imports : Letter of Credit (L/C)
Open Account (D/A)
with settlement using Telegraphic Transfer (T/T)
*Competitors*
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The following locally based companies supply similar range of products :
- GREEN MOUNTAIN CO LTD
- PAN-OCEAN FOREST DEVELOPMENT CO LTD
- SEISHING TRADING CO LTD
- MORALBURG TRADING CORP
- SYNGENTA TAIWAN LTD
- AGROTECH UNITED CORP
- HOECHST TAIWAN CO LTD
- ING CHYUN ENTERPRISE CO LTD
- CHIENS TRADING CO LTD
- SUNLEAD CHEMICAL INDUSTRY CO LTD
*Local Distribution Network*
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Approximately 50% of the annual turnover is attributed to local
sales.
*Domestic Customers*
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Major local customers include:
1. Wholesalers which distribute and sell to other market sectors
2. Local manufacturers of pesticides and western medicines.
*Export Markets*
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Approximately 50% of the annual turnover is attributed to export.
*International Trade Ranking*
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The firm has been ranked 2,681th among
*Overseas Suppliers*
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Major overseas suppliers include:
Country :
Supplier's Name :
ARZNEIMITTELWERK
Products/Materials : Caffeine anhydrous
Country :
Supplier's Name : DIVI'S
LABORATORIES LTD
Products/Materials : Dextromethorphan HBR, Naproxen USP XXIII
Country :
Supplier's Name : QUIMICA
FINA FARMEX SA DE CV
Products/Materials : Ketoconazole
Country :
Supplier's Name : AVON
ORGANICS LTD
Products/Materials : Ephedrine HCL
Country :
Supplier's Name : VIRCHOW
LABORATORIES LTD
Products/Materials : Sulphamethoxazole
Country :
Supplier's Name : TIANJIN
ZHONGAN PHARMACEUTICAL CO LTD
Products/Materials : Caffeine
Country :
Supplier's Name : SHANDONG
XINHUA PHARMACEUTICAL CO LTD
Products/Materials : Trimethoprim
Country :
Supplier's Name : ZHEJIANG
JIUZHOU PHARMACEUTICAL CO LTD
Products/Materials : Gliclazide
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : TONG SING CHEMICALS CO LTD
Address : 6Fl,
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Chemicals
*IMPORTER AGENCY LISTING*
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Supplier : HELM AG
Country of Origin :
Product Description : Agricultural chemicals
Brand : Helm
Year : 1989
PAYMENT RATING : 3 OBTAINED SCORES : 61
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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 OVERSEAS CHINESE
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : OCCBTWTP
As a privately owned company with a paid-up capital of less than US$ 6
million, there is no legal requirement according to
Although financial summaries were obtained for reference.
*Financial Summary (Currency:
===============================
Year Sales Net Income
2004 US$ 3,428,571.43 US$
604,511.28
2005 US$ 3,115,323.85 US$
505,529.23
2006 US$ 2,639,056.83 US$
366,082.22
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
1992 US$ 200,000.00 US$ 6,400,000.00 US$ 6,600,000.00
1996 US$ 1,300,000.00 US$ 10,200,000.00 US$ 11,500,000.00
1997 US$ 2,000,000.00 US$ 4,600,000.00 US$ 6,600,000.00
1998 US$ 2,100,000.00 US$ 6,500,000.00 US$ 8,600,000.00
2003 US$ 1,000,000.00 US$
2,500,000.00 US$ 3,500,000.00
2004 US$ 1,768,000.00 US$ 2,753,000.00 US$ 4,521,000.00
2005 US$ 1,924,000.00 US$ 2,345,000.00 US$ 4,269,000.00
2006 US$ 1,817,000.00 US$ 1,825,000.00 US$ 3,642,000.00
SC is considered an old-established business in small size. It is
considered a credit line up to US$
150,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 5169 Chemicals/Allied
Prdts, NEC
Importing 5122 Drugs/Druggists'
Sundries
Trading 2800 Chemicals
and Allied Products
Trading 2834 Pharmaceutical
preparations
Trading 2869 Industrial
organic chemicals
Trading 2879 Agricultural
pesticides and other agricultural chemicals
Trading 2899 Chemical
preparations
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2833250000 Copper
sulfate
Exporting 2914700000 Halogenated,
sulfonated, nitrated or nitrosated derivatives of ketone-alcohols and
ketone-aldehydes
Exporting 2939420000 Pseudoephedrine
and its salts
Exporting 2939490000 Ephedrines
and their salts
Exporting 2942000000 Organic
compounds
Exporting 3505100000 Dextrins
and other modified starches
Exporting 3912310000 Carboxymethylcellulose
and its salts
Exporting 3912900000 Cellulose
and its chemical derivatives, in primary forms
Importing 2309901005 Bird
seed
Importing 2823000000 Titanium
oxides
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Exporter Ephedrine
Exporter Copper
sulfate
Importer Mannitol
Importer Phenazone
Importer Drugs
Importer Caffeine
Importer Industrial
chemicals
Importer Agricultural
chemicals
Importer Textile
chemicals
Importer Gallium
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
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
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%)