MIRA
INFORM REPORT
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Report Date : |
12.06.2007 |
IDENTIFICATION DETAILS
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Name : |
GLOBAL MEDICAL SOLUTIONS TAIWAN LTD |
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Registered Office : |
13FL-2, 29, Lane 169, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
January 11, 1985 |
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Com. Reg. No.: |
21241693 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing a wide range of chemical raw materials and pharmaceutical
products. Provides products for nuclear medicine departments and offers
specialized contract manufacturing for pharmaceutical companies. |
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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
GLOBAL MEDICAL SOLUTIONS TAIWAN LTD
13FL-2, 29, LANE 169,
TEL : 886-2-26911199
FAX : 886-2-26921100
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 11, 1985
REGISTRATION NO. :
21241693
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. MENG-CHIEH SHIH (CHAIRMAN)
STAFF STRENGTH :
112
CAPITAL :
US$ 1,806,685
BUSINESS LINE :
IMPORTER
TURNOVER :
US$ 3,415,961.31 (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 33.1080 = US$1 AS OF 2007-6-11
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 : 21241693
Date issued : January
11, 1985
Issuing authority : Ministry of
Economic Affairs (MOEA)
*Company Name*
=============
Incorporated as : SYNCOR
TAIWAN INC
Date of incorporation : January
11, 1985
Changed name to : GLOBAL
MEDICAL SOLUTIONS TAIWAN LTD
Date of change :
N/A
*Capital Details*
==============
Initial registered capital : NTD
18,852,000
Capital increase : NTD 60,000,000.00
Year of increase :
1996
*Office & Facilities*
================
Size : 186 sq
meters (Approx)
Location :
Property status : Owned by
GLOBAL MEDICAL SOLUTIONS TAIWAN LTD
Type of building : Industral
building
Other Contact Details
----------------------------
Tel no. : 2-27079900
Fax no. : 2-27031133
Previous Contact Details
-----------------------------------
Address : 8Fl, 11, Lane 240,
Tel No : 2-27889148
Fax No. : 2-27889110
*Corporate & Organization Structure*
=============================
A medium-sized company operated and managed by an experience team of
professionals.
Maintains the following departments:
1. Nuclear Medicine Departments
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-
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- ST MARTIN DE PORRES HOSPITAL
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2. Pet Centers
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-
3. MRI Departments
- ST MARTIN DE PORRES HOSPITAL
- ARMED FORCES TSOYING
HOSPITAL
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4. Radiation Therapy Department
- ST MARTIN DE PORRES HOSPITAL
5. Catheter Lab
- ST MARTIN DE PORRES HOSPITAL
*Insurance Companies*
===================
- CHINA LIFE INSURANCE CO LTD
*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.gmstw.com.tw The design is professional and the content
is well organized. At present it is both in Chinese and English versions.
Email : changlr@gmstw.com.tw
For the past two years there is no record of litigation.
*Direct / Indirect Corporate Parent Details*
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Chairman : Mr. Meng-chieh Shih
Nationality : Taiwanese
Direct Parent : GLOBAL MEDICAL SOLUTIONS LTD
Country :
*Major Shareholders*
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Shareholder's Name No. of
Shares
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GLOBAL MEDICAL SOLUTIONS LTD 6,000,000
*Director's Details*
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(1)
Mr. Hung Lin
Email
: linhn@gmstw.com.tw
(2)
Mr. George Wang
Email
: susanann@gmstw.com.tw
Name Nationality
Job Description
Mr. Zona Deng Taiwanese
Director Finance
Mr. Li-ren Chang Taiwanese
General Manager
*Key Personnel*
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(1)
Mr. Meng-Chieh Shih
Founder : Co-founder
Resident status :
Work experience : More than 10 years
Responsibilities : Handles the
daily operation of the firm including all financials, sales and legal matters.
(2)
Mr. Li-ren Chang
Email address : changlr@gmstw.com.tw
(3)
Mr. Zona Deng
Email address : zonadeng@gmstw.com.tw
*Main Products & Services*
======================
Specializes in the following two (2) areas of work:
1. Importing a wide range of chemical raw materials and pharmaceutical
products.
2. Provides products for nuclear medicine departments and offers
specialized contract manufacturing for pharmaceutical companies, such as
medical imaging services, PET services and nuclear magnetic resonance
services.
Products : Cardiology
imaging agents
Imaging agents
Nuclear medicine materials
Nuclear medicine products
Opacifying preparations
*Payment Terms*
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Sales
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Local : 30-60 days credit
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)
*Competitors*
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The following locally based companies supply similar range of products:
- PUBLIC TRADING CO LTD
- BIONEER INC
- CHI FU TRADING CO LTD
- COSMO MEDICAL SUPPLY CO LTD
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Domestic Customers*
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Selling to three (3) key market sectors in
1. Major hospitals
2. Clinics
3. Medical imaging centers
*LOCAL BRANCHES & MANAGEMENT*
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Branch : GLOBAL MEDICAL SOLUTIONS TAIWAN LTD -
Branch Address : B1,
Branch Tel : [+886] 2-27395748
Branch Fax : [+886] 2-27395749
Branch : GLOBAL MEDICAL SOLUTIONS TAIWAN LTD -
Branch Address : 2Fl, 565 Ta Ya Rd Section 2 Chiayi City, 600
Branch Tel : [+886] 5-2711027
Branch Fax : [+886] 5-2744033
Branch : GLOBAL MEDICAL SOLUTIONS TAIWAN LTD - ILAN HSIEN
Branch Address : B1,
Branch Tel : [+886] 3-9556700
Branch : GLOBAL MEDICAL SOLUTIONS TAIWAN LTD -
Branch Address : 48, Lane 258,
Branch Tel : [+886] 4-25206650
Branch Fax : [+886] 4-25288167
Branch Management
Name Job Description Nationality
Mr. Ruei-ping Lee Manager Taiwanese
Branch : GLOBAL MEDICAL SOLUTIONS TAIWAN LTD -
Branch Address : 13Fl-5,
Branch Tel : [+886] 7-5560556
Branch Management
Name Job Description Nationality
Ms. Clare Peng Manager Taiwanese
Branch : GLOBAL MEDICAL SOLUTIONS TAIWAN LTD (
Branch Address :
Branch Tel : [+886] 4-24725831
Branch Management
Name Job Description Nationality
Mr. Mindy Ko Manager Taiwanese
*Branch Personnel*
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Name
E-mail address
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Mr. Chen-jung Yeh cyeh@gmstw.com.tw
Mr. Ruei-Ping Lee ping@gmstw.com.tw
Mr. Clare Peng clare@gmstw.com.tw
Mr. Mindy Ko mindyko@gmstw.com
*IMPORTER AGENCY LISTING*
===========================
Supplier : RADPHARM SCIENTIFIC PTY LTD
Country of Origin :
Product Description : Nuclear medicine supplies
Brand : Radpharm
Year : 2003
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
*Overseas Suppliers*
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Major overseas suppliers include :
(1)
Supplier's name : ANSTO
RADIOPHARMACEUTICALS AND INDUSTRIALS
Country :
Materials/Component : Sodium
iodide (I 131) Diagnostic capsules/Sodium iodide(131 I) therapy capsules
/Technetium tc99m generator/Thallous
(201T1)chloride injection/Gallium (67GA) citate
injection
(2)
Supplier's name :
BRISTOL-MYERS SQUIBB MEDICAL IMAGING
Country :
Materials/Component : Xenon
xe-133 gas /Thallous chloride tl-201 injection sterile diagnostic for
intravenous /
Galium citrate ga67 inj. /technelite
technetium tc-99m generator for diagnostic
(3)
Supplier's name : BEN
VENUE LABORATORIES, INC
Country :
Materials/Component : Cardiolite
(kit for the preparation of technetium tc99msestamibi for diagnostic Neurolite
kit for the preparation of technetium tc99m
bicisate injection for diagnostic
(4)
Supplier's name :
ISOTOPE PRODUCTS LABORATORIES
Country :
Materials/Component :
"IPL" Sources for Medical Imaging (Non-Sterile)
(5)
Supplier's name :
BIODEX MEDICAL SYSTEMS, INC.
Country :
Materials/Component :
"Biodex"Atomlab 930 Thyroid Uptake system (Non-Sterile)
"Biodex"Atomlab 950 Thyroid Uptake System (Non-Sterile)
PAYMENT RATING : 3 OBTAINED SCORES : 60
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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.
*BANK DETAILS*
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Bank Name : FIRST COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address : 10Fl,
SWIFT Code : FCBKTWTP
Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : HNBKTWTP
*Financials*
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As a private limited company with a paid-up capital of less than USD 6
million, there is no legal requirement according to
*Financial Summary (Currency:
===============================
Year Sales Assets Net Income
2006 $3,415,961.31 $256,952.84 $201,330.11
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2004 $2,731,000.00 $36,000.00 $2,767,000.00
2005 $2,243,000.00 $38,000.00 $2,281,000.00
2006 $2,367,000.00 $0.00 $2,367,000.00
SC is considered an old-established business with steady development
trend. 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
Importing 2834 Pharmaceutical
preparations
Importing 5122 Drugs/Druggists'
Sundries
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2844400020 Radioactive
elements, isotopes and compounds other than those of subheadings
2844.10,
2844.20, and 2844.30
Importing 3000 Pharmaceutical
products
Importing 3006 Pharmaceutical
goods (specified sterile prod etc.)
Importing 3006300000 Opacifying
preparations for x-ray examinations; diagnostic reageants designed to
be
administered to the patient
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importing Radio pharmaceuticals
Importing Radioactive elements
Importing Radiopharmaceutical containers
Importing Radiopharmacies imaging agents
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
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%)