MIRA
INFORM REPORT
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Report Date : |
05.06.2007 |
IDENTIFICATION DETAILS
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Name : |
KUEN YUH MACHINERY ENGINEERING CO LTD |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
October 23, 1970 |
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Com. Reg. No.: |
51236922 |
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Legal Form : |
Private |
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Line of Business : |
Purchasing main components and parts used for in-house
production. Manufacturing and
supplying range of printing related equipment and components. Sales and distribution to local and export
markets. |
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 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
KUEN YUH MACHINERY ENGINEERING CO LTD
TEL : [+886] 4-23593830
FAX : [+886] 4-23593970
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 23, 1970
REGISTRATION NO. :
51236922
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. KUN-TSUNG PAN (CHAIRMAN)
STAFF STRENGTH :
60
CAPITAL :
US$ 1,505,571
BUSINESS LINE :
MANUFACTURER
TURNOVER : US $7,829,504.23 (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 33.39681 = US$1 AS OF 2007-5-24
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –
*Company Name*
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Incorporated as
: KUEN YUH IRON WORKS CO LTD
Date of incorporation
: 23 October, 1970
Changed name to
: KUEN YUH MACHINERY ENGINEERING CO LTD
Date of change
: May 2003
*Company Registration*
===================
License number :
51236922
Date issued
: 23 October, 1970
Issuing authority :
Ministry of Economic Affairs (MOEA)
*Licenses & Permits*
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License number :
99669123
Date issued
: 22 December, 1986
Issuing authority
: Industrial Development Bureau, MOEA
Type of license
: Factory License
*Office & Facilities*
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Size
: 2,291.71 square meters
Location
:
Property status :
Owned by KUEN YUH MACHINERY ENGINEERING CO LTD
Type of building :
Industrial
Comments :
Serves as office and factory.
Other contact details
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Tel nos. :
4-23593836 / 23593863
Fax no. :
4-23501242
*Corporate & Organization Structure*
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A medium-sized company operated and managed by the owner and
an experienced team of professionals.
*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.kymc.com.tw
The design is professional and
the content is well organized. At present it is in Chinese, Espanol and English
versions.
Email : sales@kymc.com.tw
For the past 37 years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name No. of Shares
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Mr. Kun-tsung Pan 1,400
Mrs. Su-hsia Pan Liao 720
Mr. Chen-ho Pan 670
Mr. Jung-pin Pan 670
*Key Personnel*
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Mr. Kun-tsung Pan
Founder
: Co-founder
Work experience :
More than 30 years
Responsibilities : Daily
operation of the firm including all financial and legal matters
Resident status :
*Main Products & Services*
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Specializes in the following areas of work :
1. Purchasing main components and parts used for in-house
production.
2. Manufacturing and supplying range of printing related
equipment and components.
3. Sales and distribution to local and export markets.
Products also include :
- Neoflex-CNC-series
- C.I. flexographic press
- Combi series PVDC coating line
- Flexographic printing presses (central impression and
stack)
Products : Flexographic printers
Flexographic printing machines
Plastic machineries
Rubber machinery
Mixing machines
*Payment Terms*
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Sales
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Local : 30-60 days
credit
Export : Letter of Credit (L/C)
Open
Account (D/A) with settlement using Telegraphic Transfer (T/T)
Purchases
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Local : 30-60 days credit
Import : Letter of Credit (L/C)
Open
Account (D/A) with settlement using Telegraphic Transfer (T/T)
*Associations*
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Member of :
-
*Competitors*
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The following locally based companies supply similar range
of products :
- ANSER CODING INC
- CHOICE LITHOGRAPH INC
- DONG SHIUAN ENTERPRISE CO LTD
- GOOD HARVEST MACHINERY INDUSTRIAL CO LTD
- LUNG MENG MACHINERY CO LTD
*Quality Certification*
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Obtained the following certifications :
- ISO 9001
- CE
*Exhibition Participation*
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Participated in the following local exhibitions:
(1)
Exhibition fair
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Date attended
: 30 September - 4 October, 1999
Location
: Taipei World Trade Center
Exhibition Hall
(2)
Exhibition fair :
Date attended :
18-21 March, 2004
Location :
*Local Distribution Network*
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10% of the annual turnover is attributed to local sales.
*Export Markets*
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90% of the annual turnover is attributed to export.
*International Exhibition Participation*
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Exhibition fair : K
2004, 16th International Trade Fair Plastics & Rubber
Date attended :
20-27 October, 2004
Location
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SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 67
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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.
Dealings on open terms may be possible for
MODERATE 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*
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Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : HNBKTWTP
Bank Name :
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : UWCBTWTP
*Int´l Trade Activity (Currency:
===============================
Year
Imports
Exports Total
2001
$240,000.00 $2,270,000.00 $2,510,000.00
2002
$520,000.00
$3,360,000.00 $3,880,000.00
2003
$223,000.00
$3,760,000.00 $3,983,000.00
2004
$932,000.00
$7,356,000.00 $8,288,000.00
2005
$513,000.00 $8,139,000.00 $8,652,000.00
2006
$1,347,000.00
$6,997,000.00 $8,344,000.00
*Financial Summary (Currency:
=================================
Year
Sales
Assets Net
Income
2003 $4,148,942.62 $1,802,191.46 $329,166.26
2005
$8,793,048.97
$2,703,001.58
$568,720.38
2006
$7,829,504.23
$2,586,154.78
$477,629.99
Over the past 37 years, SC has made a stable growth with
satisfactory profit. It is considered a credit line up to USD 200,000 appears
to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service
Description
Exporting 3500 Industrial
Machinery & Equipment
Exporting
3559 Special industry machinery, and parts
Importing
3569 General industrial machinery and equipment, and
parts
Manufacturing
3500 Industrial Machinery & Equipment
Manufacturing
3552 Textile machines, and parts and
attachments
Manufacturing
3554 Paper industries machines and equipment, and parts and
attachments
Manufacturing
3555 Printing
trades machines and equipment, and parts and accessories
Manufacturing
3559 Special industry machinery, and
parts
Manufacturing
5084 Industrial Machinery/Equip
Trading
3555 Printing trades machines and equipment, and parts and
accessories
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Exporting
8443300000 Flexography printing machinery
Exporting
8443505000 Printing
machinery
Exporting
8443595000 Printing machinery, other than ink jet and
other than those of heading 8471
Exporting
8477 Machinery for working rubber &
plastic etc, parts
Exporting 8477800000 Machinery,
for working rubber or plastics or for the manufacture of products form
these
materials
Exporting
8479 Machines etc having individual
functions, parts
Exporting
8479820045 Mixing, kneading or stirring machines
Importing
8420999000 Parts of calendaring or other rolling machines,
other than for metals or glass
Importing
8543909500 Parts, for electrical machines and apparatus
Importing
9032896085 Parts and accessories for automatic regulating
or controlling instruments
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturing
Coating machines
Manufacturing
Converting equipment
Manufacturing
Mounting proofing machines
Manufacturing
Paper slitting machines
Manufacturing
Plastic bag making machine
Manufacturing
Slitter reminder
Manufacturing
Rubber machinery
Manufacturing
Rotogravure cylinder equipment
Manufacturing
Printing presses
Manufacturing
Printing machinery
INTERNATIONAL TRADE: ACTIVITY & MARKETS
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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%)