MIRA
INFORM REPORT
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Report Date : |
19.06.2007 |
IDENTIFICATION DETAILS
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Name : |
YANHAN TRADING CO |
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Registered Office : |
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Country : |
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Date of Incorporation : |
July 26, 1980 |
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Com. Reg. No.: |
52585216 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Research and development of automatic high speed cross cone winders. Export and domestic sales of textile, fabric machinery and related
equipment. |
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 : |
Up To US$ 20,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
YANHAN TRADING CO
TEL : 886- 4-22870636
FAX : 886-4-22870579
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 26, 1980
REGISTRATION NO. :
52585216
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. GEORGE CHING-YI CHAN (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 150,557
BUSINESS LINE :
EXPORTER
TURNOVER :
N/A (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 33.1416= US$1 AS OF 2007-6-19
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*
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License number : 52585216
Date issued : 26 July,
1980
Issuing authority : Ministry of
Economic Affairs (MOEA)
*Office & Facilities*
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Size : 282
sq. ft (Approx.)
Location :
Property status : Rented
Type of building : Semi-residential
building
Other Contact Details
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Tel nos. : 4-22871005/ 22857465
Fax no. : 4-22855317
*Corporate & Organization Structure*
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A small-size specialized company operated and managed by an experienced
team of professionals
*Factories, Size & Locations*
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The company is a trading house and maintains no manufacturing
facilities.
*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.thread-master.com The design is professional and the content
is well organized. At present it is both in Chinese and English versions.
Email : yanhan@ms3.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name
% of Shares
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Mr. George Ching-yi Chan 99
Undisclosed shareholders 1
*COMPANY MANAGEMENT*
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Name Nationality Job Description Dept. / Division
Ms. Carrie Chan Taiwanese
Executive Sales
Mr. George Ching-yi Chan Taiwanese
General Manager -
*Key Personnel*
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Mr. George Ching-yi Chan
Founder : Sole
founder
Resident status :
Work experience : More than 15
years.
Responsibilities : Handles the
daily operation of the firm including all financial and legal matters.
*Main Products & Services*
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Specializes in two (2) main areas of work:
1. Research and development of automatic high speed cross cone winders.
2. Export and domestic sales of textile, fabric machinery and related
equipment.
Products also include :
- High speed sewing thread winder
- Auto mini thread bobbin winder
Products : Auto sewing thread winder
Auto wefting
bobbin winder
Dyeing
machines
H-shaped bobbin
winder
Textile
winder
*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
*Competitors*
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The following locally based companies supply similar range of products :
- CHAIN HONG KO ENTERPRISE CO LTD
- GOLD CMY INDUSTRY CO LTD
- YEAH HSIAN ENTERPRISE CO LTD
- CHEMEX INDUSTRIAL CO LTD
- TAINING MACHINE INDUSTRIAL CO LTD
*Local Distribution Network*
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The company is largely focused on the export market and hence very
little domestic sales are achieved.
*Domestic Suppliers*
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- THREAD-MASTER CO LTD
*Export Markets*
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Majority of the annual turnover is attributed to export.
*LOCAL BRANCHES & MANAGEMENT*
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Branch : YANHAN TRADING CO -
Branch Address :
*(Subsidiaries , Joint-ventures & Affiliates)*
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Company Name : THREAD-MASTER CO LTD
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Machinery
PAYMENT RATING : 3 OBTAINED SCORES : 55
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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 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 : TAIWAN COOPERATIVE BANK
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : TACBTWTP
As a private limited company with a paid-up capital of less than US$ 6
million, there is no legal requirement according to local corporate law for
public disclosure of detailed financials.
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2004 n/a US$2,000,000.00
US$2,000,000.00
2005 n/a US$1,490,000.00
US$1,490,000.00
2006 n/a US$1,500,000.00
US$1,500,000.00
SC is considered an old-established business in small size. It is
considered a credit line up to US$ 20,000 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 3552 Textile
machines and parts and attachments
Service 8732 Comm/Econ/Socio/Educ
Research
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8445 Machines
for preparing textile fibers & yarns
Exporting 8445400000 Textile
winding (including weft winding) or reeling machines
Exporting 8448201000 Parts
of machines for extruding or drawing man-made textile filaments
Exporting 8451900020 Parts of
machines for bleaching, dyeing, washing or cleaning textile yarns,
fabrics
or made up textile articles
Exporting 8479 Machines
etc having individual functions parts
Service 9871 Commercial
nonphysical research
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Exporting Textile machinery
Exporting Precision cross cone winder
Service Research & development
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
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%)