MIRA
INFORM REPORT
|
Report Date : |
31.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
YUN TEH INDUSTRIAL CO LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
May 8, 1978 |
|
|
|
|
Com. Reg. No.: |
73644401 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Importing of raw materials. Manufacturing of hardeners for epoxy resins, polyamide resin and modifiedamine. Export and domestic 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 100,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
YUN TEH INDUSTRIAL CO LTD
131 DAFA RD JENTE HSIANG
TEL : 886-6-2055622
FAX : 886-6-2050693
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 8, 1978
REGISTRATION NO. :
73644401
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. HUNG-CHANG TAI (CHAIRMAN)
STAFF STRENGTH :
30
CAPITAL :
US$ 3,011,141
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.9648 = US$1 AS OF 2007-5-31
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available M - million TWD –Taiwan New Dollars
*Company Registration*
===================
License number : 73644401
Date issued : 8 May, 1978
Issuing authority : Ministry of
Economic Affairs (MOEA)
*Licenses & Permits*
================
License number : 9970964500
Date issued : 27 October,
2006
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
*Capital Details*
=============
Initial paid up capital
: N/A
Capital increases as follows :
Year Amount
(NTD)
------
---------------------
1998
28,000,000
2002
60,000,000
2003
90,000,000
2005
100,000,000
*Office & Facilities*
================
Size : 1,849
sq. meter (Approx)
Location :
Property status : Owned by YUN
TEH INDUSTRIAL CO LTD.
Type of building : Industrial
building
Comment : Serves as
office and factory.
Previous Contact Details
---------------------------------
Address : 7, Lane 38,
Tel no : 6-2703622
Fax no : 6-2704946
Email : president@yunteh.com.tw
*Corporate & Organization Structure*
============================
A medium sized company mainly operated and managed by the owners and
family members.
*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.yunteh.com.tw The design is professional and the content
is well organized. At present it is both in Chinese and English versions.
Email : sale@yunteh.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Shareholders' Name
No of Shares
-------------------------- ------------------
Mr. Hung-chang Tai 72,428
Mrs. Hui-mei Yeh Tai 15,388
Mr. Hung-sheng Tai 6,717
Ms. Hui-ying Tai 5,467
*Key Personnel*
=============
Mr. Hung-chang Tai
Founder :
Co-founder
Work experience : More than 15
years.
Responsibilities : Daily operation
of the firm including all financial, sales and legal matters
Resident status :
*Main Products & Services*
======================
Specializes in following main areas of work:
1. Importing of raw materials.
2. Manufacturing of hardeners for epoxy resins, polyamide resin and
modifiedamine.
3. Export and domestic sales of its products.
Products : Anhydride
Epoxy resin
Hardener for
epoxy resins
Epoxy resin
adhesives
Hardening
accelerator
*Brand*
=======
Brand Yun Teh
*Payment Terms*
=============
Sales
------
Local : 30-60 days credit.
Export: Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
Local : 30-60 days credit.
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Competitors*
===========
The following locally based companies supply similar range of products:
- CHANG CHUN PLASTICS CO LTD
- NAN PAO RESINS CHEMICAL CO LTD
- TRUETIME INDUSTRIAL CORP
- DYNACHEM & CO LTD
- CHEMCO INDUSTRY CORP
*Quality Certification*
==================
Type of certification : ISO 9001
Date of certification : October
2000
*Local Distribution Network*
=======================
65% of the annual turnover is attributed to local sales.
*Export Markets*
=============
35% of the annual turnover is attributed to export.
*Imports*
========
Most of the raw materials being imported for the consumption of the
in-house production of resins and resin hardners.
*(Subsidiaries , Joint-ventures & Affiliates)
================================
Company Name : EPOCHEMIE INT'L PTE LTD
Address : 1 Woodlands Terrace 738471
Country :
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Chemicals
*LOCAL BRANCHES & MANAGEMENT*
==================================
Branch : YUN TEH INDUSTRIAL CO LTD -
Branch Address : 12Fl-1,
Branch Tel : [+886] 2-23939516
Branch Fax : [+886] 2-23928475
PAYMENT RATING : 3 OBTAINED SCORES : 52
|
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
MODERATE amounts depending on individual judgement experience.
*Bank Details*
===========
Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,
Branch Address :
SWIFT Code : CCBCTWTP
Bank Name : INTERNATIONAL BANK OF
Branch : Chungshan Dist,
Branch Address : Int'l Bank of
SWIFT Code : TPBBTWTP
As a private limited company with a paid-up capital of less than USD 6
million, there is no legal requirement according to
*Int´l Trade Activity (Currency:
================================
Year Imports Exports Total
2004 $3,500,000.00 $1,200,000.00 $4,700,000.00
2005 $2,700,000.00 $2,150,000.00 $4,850,000.00
2006 $4,800,000.00 $2,600,000.00 $7,400,000.00
SC is considered an old-established business in small size. It is
considered a credit line up to USD 100,000 appears to be within SC’s
capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2800 Chemicals
and Allied Products
Exporting 2891 Adhesives
and sealants
Exporting 2899 Chemical
preparations
Manufacturing 2800 Chemicals
and Allied Products
Manufacturing 2891 Adhesives
and sealants
Manufacturing 2899 Chemical
preparations
Manufacturing 5169 Chemicals/Allied
Prdts, NEC
Trading 5169 Chemicals/Allied
Prdts, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2910900000 Epoxides,
epoxyalcohols, epoxyphenols and epoxyethers, with a three-
membered
ring, and their halogenated, sulfonated, nitrated or nitrosated derivs
Exporting 2910905000 Other
non-aromatic epoxides, epoxyalcohols and epoxyethers, with a three-
membered
ring and their halogenated, sulfonated, nitrated or nitrosated deriv
Exporting 3800 Miscellaneous
chemical products
Exporting 3907300000 Epoxide
resins
Exporting 3908900000 Other
polyamides in primary forms
Exporting 3919 Self-adhesive
plates, sheets, film etc of plastics
Importing 2906210000 Benzyl
alcohol
Importing 2921120000 Diethylamine
and its salts
Importing 2921290010 Tetraethylene
pentamine
Importing 2921300000 Cyclanic,
cyclenic or cycloterpenic mono- or polyamines, and their derivatives; salts
thereof
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Exporting Polyamide resins
Exporting Polyamine
Exporting Modified amine
Importing Aromatic polyamines
Importing Benzyl alcohol
Importing Cyclanic
Importing Fatty acids
Importing Tetraethylene pentamine
Importing Polyether
Importing Diethylamine
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
Exporting to
Exporting to UAE
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
|
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%)