MIRA
INFORM REPORT
|
Report Date : |
18.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
SUPERSONIC ENTERPRISE CO LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
December 23, 1982 |
|
|
|
|
Com. Reg. No.: |
52785087 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Purchasing of main components and parts used for in-house production. Manufacturing and supplying range of CNC lathes, milling machines and
related equipment and components. Export and local sales of its 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 : |
Up To USD 50,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
SUPERSONIC ENTERPRISE CO LTD
TEL : 886- 4-22349241
FAX : 886- 4-22360634
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 23, 1982
REGISTRATION NO. :
52785087
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. GEORGE SHENG-CHAO CHEN (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
US$ 15,106
BUSINESS LINE :
MANUFACTURER
TURNOVER :
US$1,783,555.02 (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 32.83032 = US$1 AS OF 2007-7-17
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 : 52785087
Date Issued : 23 December, 1982
Issuing Authority :
Ministry of Economic Affairs (MOEA)
*Factories, Size & Locations*
======================
Size :
405 sq meters (Approx)
Location :
Property status :
Rented
Type of building :
Industrial
Comments :
Factory
*Office & Facilities*
================
Size : 90 sq meters (Approx)
Location :
Property status : Owned by
SUPERSONIC ENTERPRISE CO LTD
Type of building : Residential building
Other e-mail :
ycc@supersonic.com.tw
Previous Contact Details
-----------------------
Address:
8FI-2,
Tel : 4-23353017
Fax :4-23353720
*Corporate & Organization Structure*
=============================
As a small-sized company mainly operated and managed by the owner of the
firm.
*Capital Details*
=============
Nominal capital : NTD
500,000.00
*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.secochen.com.tw The design
is professional and the content is well organized. At present it is in English
version.
E-mail: secochen@ms43.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
==================
Shareholders' Name % of
Shares
--------------------------
----------------
George Sheng-chao Chen 99.00
Undisclosed Shareholders 1.00
Management: Mr. Yen-chen Chen, Manager
Name Nationality
Job Description Dept. / Division
Mr. Yen-chen Chen Taiwanese Manager Sales
*Key Personnel*
=============
George Sheng-chao Chen
Founder : Sole
Founder
Work experience : More than 20 years
Responsibility : Daily
operation of the firm including all financial.
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Purchasing of main components and parts used for in-house production.
2. Manufacturing and supplying range of CNC lathes, milling machines and
related equipment and components.
3. Export and local sales of its
products.
Products include:
- High speed high precision two-spindle two-turret turning centers
Products: CNC automatic lathes
CNC lathes
Complex drilling
machines
Complex milling
machines
Cut-off machines
*Brand*
=======
DMT
*Payment Terms*
=============
Sales
------
Local : 30-60 days credit.
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Local : 30-60 days credit.
Import : Letter of Credit (L/C)
Open Account (120
days) using Telegraphic Transfer (T/T) for settlement
*Exhibition Participation*
===================
Participated in the following local exhibitions:
(1)
Exhibition/Fair : TIMTOS -
Date attended : 20 March, 2001 -
25 March, 2001
Location :
(2)
Exhibition/Fair : TIMTOS -
Date attended : 18 March, 2003 -
23 March, 2003
Location :
*Associations*
============
Member of:
-
*Competitors*
===========
The following locally based firms supply similar range of products:
-ADAMSON INDUSTRIES CORP
-AWEA MECHANTRONIC CO LTD
-CHUNG SING MACHINERY CO LTD
-FALCON MACHINE TOOLS CO LTD
-HO-CHUN MACHINERY CO LTD
*Detailed Product Specifications*
==========================
Product
Description
------------
----------------
CNC Lathe -
Swing over bed : 500mm-800mm
- Centers distance :
1000mm-4000mm
- Spindle bore : 85mm-375mm
Golden Mill
Turret Milling Machine - Work table : 228x1067mm (9"x42")
- Spindle nose : R8 or NT #30 or NT #40
-
Spindle speed : 80-2720 rpmx8 steps or
60-4200 rpm (variable speed)
- Main motor: 2HP or 3HP or 5HP
Mark Ace
Geared Head Universal Milling
Machine - Available for
milling, drilling, tapping and boring
- All geared headstock
- Worktable : 800mmx240mm
- Spindle speed : 95-4000 rpmx12
steps (60Hz)
- Spindle nose : R8 or M.T. No. 3
- Main motor : 1-1 1/2HP
Mark VII
Geared Head Milling/Drilling
Machine -
All geared headstock
- 40mm drill capacity in cast iron
-
Spindle speed : 95-2000 rpm x 6 steps
(60Hz)
- Work table : 730x210mm
- Spindle nose : R8 or M.T. No. 3
- Main motor : 1HP
*Local Distribution Network*
=======================
Approximately 40% of the annual turnover is attributed to local
sales.
*Export Markets*
==============
Approximately 60% of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 65
|
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.
As a private limited company with a paid-up of less than USD 6 million,
there is no legal requirement according to
Although financial summaries were obtained for reference.
*Bank Details*
================
Bank Name :
BRANCH : Chungcheng Dist,
Branch Address :
SWIFT Code : UWCBTWTP
*Financial Summary (Currency:
=============================
Year Sales Assets Net Income
2006 $1,783,555.02 $136,033.86 $81,620.31
*Int´l Trade Activity (Currency:
=============================
Year Imports Exports Total
2003 $350,000.00 $63,800.00 $413,800.00
2004 $374,000.00 $398,000.00 $772,000.00
2005 $415,000.00 $433,000.00 $848,000.00
2006 $473,000.00 $1,123,000.00 $1,596,000.00
SC is considered small-sized in its line with a long operating history.
It is considered a credit line up to USD 50,000 appears to be within SC’s
capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3541 Machine
tools, metal-cutting, and parts,
Exporting 3569 General
industrial machinery and equipment, and parts,
Exporting 5084 Industrial
Machinery/Equip
Manufacturing 3541 Machine
tools, metal-cutting, and parts,
Manufacturing 3569 General
industrial machinery and equipment, and parts,
Manufacturing 5084 Industrial
Machinery/Equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8465910022 Sawing
machines, used or rebuilt, woodworking
Exporting 8465910078 Sawing
machines, woodworking
Exporting 8479 Machines
etc having individual functions, parts
Manufacturing 8207504060 Drilling
tools, metal-cutting incl parts
Manufacturing 8458 Lathes
for removing metal
Manufacturing 8458190050 Horizontal
lathes, metal removing, except numerically controlled, automatic bar
and/or
chucking machines, single spindle, valued $3,025 and over
Manufacturing 8458911060 Vertical
turret lathes, metal removing, numerically controlled, multiple spindle,
new
Manufacturing 8458991050 Vertical
turret lathes, metal removing, except numerically controlled, new
Manufacturing 8459 Machine
tools for drilling, boring, milling etc
Manufacturing 8459690090 Milling
machines, metal removing, except numerically controlled, valued $3,025
and
over new
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Milling machine,
knee-type
Manufacturer Lathes
Manufacturer Complex milling
machines
Manufacturer Vertical CNC
lathes
Manufacturer Turning
centers
Manufacturer CNC automatic
lathes
Manufacturer Universal milling
machines
Manufacturer Complex drilling
machines
Manufacturer Geared head
milling machines
Manufacturer Cut-off
machines
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Importing from
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 |
|
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%)