MIRA
INFORM REPORT
|
Report Date : |
27.07.2007 |
IDENTIFICATION DETAILS
|
Name : |
B J HONG ENTERPRISE CO LTD |
|
|
|
|
Registered Office : |
11FL - 3, |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.12.2006 |
|
|
|
|
Date of Incorporation : |
November.7, 1996 |
|
|
|
|
Com. Reg. No.: |
97139331 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Importing of chemical fertilizers. Domestic sales of imported products for
manufacturers. |
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 : |
USD 50,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name &
address
B J HONG ENTERPRISE CO LTD
11FL-3,
TEL: [+886] 7-7232212
FAX: [+886] 7-7238557
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER.7, 1996
REGISTRATION NO. :
97139331
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. KUN-LANG HSU (CHAIRMAN)
STAFF STRENGTH :
15
CAPITAL :
US$ 347,551
BUSINESS LINE :
IMPORTER
TURNOVER :
US $4,534,461.91 (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 32.8005 = US$1 AS OF 2007-7-26
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 :
97139331
Date issued
: 7 November, 1996
Issuing authority :
Ministry of Economic Affairs (MOEA)
*Capital Details*
=============
Initial registered capital
: NTD 6,000,000.00
Capital increase
: NTD 11,000,000.00
*Corporate & Organization Structure*
=============================
A small sized company mainly operated and managed by the owner
of the firm.
*Office & Facilities*
===============
Size
: 160.26 sq. meters
Location
:
Type of building
: Commercial
Facilities
: Modern
Property status
: Owned by B J HONG ENTERPRISE CO LTD
Comments
: Serves as office and warehouse.
*Reputation*
==========
Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative information.
Email : bjhong@ms14.hinet.net
SC is not known to host website of its own at present.
For the past 11 years there is no record of litigation.
*Major Shareholders*
=================
Shareholders' Name No. of Shares
------------------------- -------------------
Ms. Hsiao-ting Hsu 3,900,000
Mr. Kun-lang Hsu 100,000
Management : Mr. Wen-chen Lin, Manager
Ms. Sunny Tsui-fang Lin, Specialist
Name
Nationality Job
Description
Mr. Wen-chen Lin Taiwanese Manager Sales
Ms. Sunny Tsui-fang Lin
Taiwanese
Specialist Sales
*Key Personnel*
============
Kun-lang Hsu
Founder
: Co-founder
Work experience
: More than 10 years
Responsibilities
: Handles the daily operation of the firm including all financials and
legal matters.
Resident status
:
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Importing of chemical fertilizers.
2. Domestic sales of imported products for
manufacturers.
Products : Chemical fertilizers
Fertilizers
Inorganic fertilizers
Organic fertilizers
*Payment Terms*
==============
Sales
------
Local : Cash
30-60
days credit
Purchases
--------------
Import : Letter of
Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
===========
The following locally based firms supply similar range of
products:
- EVER SING CO LTD
- GREEN ORCHIDS CO
- HUIKWANG CORP
- PRIOR CO LTD
- SINO HITECH CO LTD
- GOANG WEI CO LTD
- KEN & KUMA CO LTD
- VQC CORP
*Local Distribution Network*
=======================
100% of the annual turnover is attributed to local
sales.
*Export Markets*
=============
There is no record of export since the prime focus of the
firm's activity is concentrated on local sales only.
*LOCAL BRANCHES & MANAGEMENT*
=================================
Branch : B J HONG ENTERPRISE CO LTD - (WAREHOUSE)
Branch Address : 200 Wen An
Branch Tel : [+886] 7-6197869
Branch Fax : [+886] 7-6197862
*(Subsidiaries , Joint-ventures & Affiliates)
==================================
Company Name : DAY-UP-DAY FERTIMPEX CORP
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Chemicals
PAYMENT RATING : 3 OBTAINED SCORES : 59
|
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 capital of less
than USD 6 million, there is no legal requirement according to
*BANK DETAILS*
===============
Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : ICBCTWTP
Bank Name : TAIWAN COOPERATIVE BANK
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : TACBTWTP
*Int´l Trade Activity
(Currency:
===============================
Year
Imports Exports Total
2002
$3,000,023.00 n/a $3,000,023.00
2003
$3,000,023.07 n/a $3,000,023.07
2004
$4,600,000.00 $0.00 $4,600,000.00
2005
$5,400,000.00 $0.00 $5,400,000.00
2006 $6,300,000.00 $0.00 $6,300,000.00
*Financial Summary
(Currency:
===============================
Year
Sales Net
Income
2006
$4,534,461.91
$226,723.10
SC is considered small-sized in its line with an acceptable base to come
into credit dealings of small amount.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Importing
1479 Chemicals
and fertilizer minerals
Importing
2800 Chemicals and Allied Products
Importing
2819 Industrial inorganic chemicals
Importing
2869 Industrial organic chemicals
Importing 2875 Fertilizers,
Mixing Only
Importing
5169 Chemicals/Allied Prdts, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Importing 3100000000 Fertilizers and fertilizer materials
Importing 3101 Animal/veg fertilizer,
mixed/not/chemically treated
Importing 3101000000 Animal/veg fertilizers, whether or not mixed together or chemically treated;
fertilizers produced by mixing/chemical treatment of animal/veg products
Importing 3105 M or ch fertilizer,
n/un2of3el; fert; fert pack
Importing 3105900000 Fertilizers
Importing 3800 Miscellaneous chemical
products
Importing 3823909050 Chemical products and preparations of the
chemical or allied industries
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
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%)