MIRA
INFORM REPORT
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Report Date : |
26.07.2007 |
IDENTIFICATION DETAILS
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Name : |
JYE YANG INDUSTRIAL CO LTD |
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Registered Office : |
3, Lane 296, |
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Country : |
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Date of Incorporation : |
26.02.1988 |
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Com. Reg. No.: |
22785130 |
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Legal Form : |
Private Limited |
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Line of Business : |
Importing and local purchasing of a wide range of parts of light bulbs
and related products. Manufacturing of electrical lamps, tubes and fluorescent and related
products. Exporting and local selling of manufactured 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 30,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
JYE YANG INDUSTRIAL CO LTD
3, LANE 296, NAN YA ST
TEL :886-3-5349181
FAX :886-3-5310837
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 29, 1988
REGISTRATION NO. :
22785130
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. TA-SEN HUANG (CHAIRMAN)
STAFF STRENGTH :
7
CAPITAL :
US$ 287,009
BUSINESS LINE :
MANUFACTURER
TURNOVER :US
$1,919,588.88 (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 32.76832 = US$1 AS OF 2007-7-25
*Company Registration*
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License number : 22785130
Date issued : 29 February, 1988
Issuing authority : Ministry of Economic Affairs
Legal form : Private Limited Company
*Licenses & Permits*
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License number : 99667757
Date issued : 6 June, 1991
Issuing authority :
Industrial, Development Bureau, MOEA
Type of license : Factory license
*Office & Facilities*
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Size : 520 sq meters
Property status : Rented
Type of building : Industrial
Comments : Serves as office and factory.
*Corporate & Organization Structure*
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A small-sized company mainly operated and managed by the owner of the
company.
*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.
SC is not known to host website of its own at present.
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. Ta-sen Huang
683
Mr. Chin-mu Lee
227
Mr. Ming-chu Ko
20
Mr. Ching-pin Wang
20
Management: Mr. Ta-sen Huang, Manager
Name Nationality
Job Description Dept. / Division
Mr. Ta-sen Huang Taiwanese
Manager Sales
*Key Personnel*
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Mr. Ta-sen Huang
Founder : Co-Founder
Resident status :
Work experience : Has
been in the industry for 20 years.
Responsibility : Handles the daily operation of the
firm including financial and legal matters.
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing and local purchasing of a wide range of parts of light
bulbs and related products.
2. Manufacturing of electrical lamps, tubes and fluorescent and related
products.
3. Exporting and local selling of manufactured products.
Products also include :
- machine accessories
- working machine tools
- automatic glass stove
- components
- compact flourescent lamp
Products:
Compact flourescent lamps
Electrical lamps
Light bulbs
Tubes flourescent
*Payment Terms*
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Sales
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Local : 30-60 days credit
Export : Letter of credit (L/C)
Telegraphic transfer
(T/T)
Purchases
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Local : 30-60 days credit
Export : Letter of credit (L/C)
Telegraphic transfer
(T/T)
*Competitors*
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The following locally based firms supply similar range of products:
- BOSH REXROTH CO LTD
- HWA YING INDUSTRIAL CO LTD
- AIRLUX ELECTICAL CO LTD
- REN THANG CO LTD
- TAIWAN TU-LEN CO LTD
*Local Distribution Network*
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5% of the annual turnover is attributed to local sales.
*Export Markets*
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95% of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING :3 OBTAINED SCORES : 55
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Rating Key |
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 :
Branch :
Chungcheng Dist,
Branch Address :
SWIFT Code :
UWCBTWTP
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
Although financial summaries were obtained for reference.
*Financial Summary (Currency:
==============================
Year Sales Net Income
2006 $1,919,588.88 $84,643.29
*Int´l Trade Activity (Currency:
==============================
Year Imports Exports Total
2004 $37,000.00 $1,317,000.00 $1,354,000.00
2005 $0.00 $240,000.00 $240,000.00
2006 $35,000.00 $1,290,000.00 $1,325,000.00
Over the past 19 years, SC has made a stable growth with satisfactory profit.
It is considered a credit line up to USD 30,000 appears to be within SC’s
capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3645 Res Electric Lighting Fixtures
Manufacturing 3646 Nonres Electric Lighting
Manufacturing 3648 Lighting equipment, (including commercial)
Trading 3645
Res Electric Lighting Fixtures
Trading 3646
Nonres Electric Lighting
Trading 3648
Lighting equipment, (including
commercial)
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 9405 Lamps & lighting fittings
& parts etc
Manufacturing 9405400000
Electric lamps and lighting fittings
Trading 9405
Lamps & lighting
fittings & parts etc
Trading 9405400000
Electric lamps and lighting fittings
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Light bulbs
Trader Tubes flourescent
Trader Compact flourescent lamps
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
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%)