MIRA
INFORM REPORT
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Report Date : |
24.07.2007 |
IDENTIFICATION DETAILS
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Name : |
WAI SHYANG ELECTRONICS CO LTD |
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Registered Office : |
4FL, 5, Alley 2, Lane 421, |
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Country : |
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Date of Incorporation : |
August 27, 1985 |
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Com. Reg. No.: |
02331218 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Engaged in factory management and administration, focusing on transship
orders from |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name &
address
WAI SHYANG ELECTRONICS CO LTD
4FL, 5, ALLEY 2, LANE 421,
TEL : 886-2-29406677
FAX : 886-2-89432588
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 27, 1985
REGISTRATION NO. :
02331218
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. YI-FENG FANG (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 151,057
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
N/A
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.7584 = US$1 AS OF 2007-7-24
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 : 02331218
Date issued : 27 August,
1985
Issuing authority : Ministry of
Economic Affairs
*Patents*
========
Maintains the following patents for the
Patent numbers :
202297 (
: ZL 01 2 78214.9 (
Products
: 7-Colors Appear Necklaces
: High Bright 7 Colors Necklace
: High Electric 7 Colors Necklace
: 7-Colors Cross Necklace
: Color Flashing Stick
: 7 Colors Fast - Flashing Stick
: 7 Colors Fast /Slow Flashing Stick
: 7 Colors
High Power Stick
: Flashing Double / Knuckle Stick
: Flashing Stick
Patent numbers :
200003 (
ZL 03 2
04274.4 (
Products
: Flashing Pacifier
: Pacifier with Music
Patent numbers :
184324 (
: ZL 01 2 75706.3 (
Products
: Flashing Bracelet
: Flashing Head Ring
Patent number :
N/A
Countries of registration :
Product
: Electronic Glowing Golf Ball
*Office & Facilities*
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Size : 125
sq. meters (Approx)
Location :
Property status : Rented
Type of building : Retail
outlet in a semi-residential building
Other Contact Details
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Tel no. : 2-29406688
E-mail : jw-tin@umail.hinet.net
Previous Contact Details
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Address : 4Fl,
Tel no. : 2-22258805
Fax no. : 2-22258807
*Corporate & Organization Structure*
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A small-size company mainly operated and managed by the owners.
*Factories, Size & Locations*
======================
Note : The company is a
representative office focused on administration and does not maintain any manufacturing
facilities.
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
Web
site: www.waishyang.com.tw
SC’s
website is unable to be landed at present for the technical reason.
Email : wai-shyang@umail.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder : 1
Shareholder's Name
% of Shares
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Mr. Yi-feng Fang 100.00
*COMPANY MANAGEMENT*
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Name Nationality
Job Description
Mr. Yi-feng Fang Taiwanese
General Manager
*Key Personnel*
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Mr. Yi-feng Fang
Founder :
Sole-founder
Work experience : More than 20 years experience
Responsibilities : Handles the
daily operation of the firm including all financials, sales and legal matters.
Resident status :
*Main Products & Services*
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Engaged in factory management and administration, focusing on transship
orders from
Products : Administrative management
Production
management
Transshipments
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : WAI SHYANG ELECTRONICS CO LTD
Address : Ho Lu 1st Industrial Park Huang Chiang Dongguan
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Electronic Products & Components
PAYMENT RATING : NR OBTAINED SCORES : No Data
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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.
*Bank Details*
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Bank Name :
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : UWCBTWTP
As a private limited company with a paid-up capital of less than US$ 6
million, there is no legal requirement according to local corporate law for
public disclosure of detailed financials.
Additionally, because the firm is focusing on transship orders from
*Int´l Trade Activity (Currency:
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Year Imports Exports Total
2005 n/a US$
36,000.00 US$ 36,000.00
SC is considered small-sized in its line locally. With regard to its
size of operation and limited growth potential, credit should be confined to
small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 4789 Transportation
Svcs, NEC
Service 7300 Business
Services
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9852 Freight
transportation arrangement, nvocc, customs brokerage
Service 9900 Business
services, health, financial/insur. legal/real estate, hotels, and misc
repairs
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%)