MIRA
INFORM REPORT
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Report Date : |
6th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SUN MEDIA ENTERPRISE LTD |
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Registered Office : |
150, 1 Hsiang Hsin Rd West Dist Taichung City 403, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
31.01.2002 |
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Com. Reg. No.: |
13020937 |
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Legal Form : |
Private |
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Line of Business : |
Engaged in trading a wide variety of discs and multimedia products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Company Name & Address
SUN MEDIA
ENTERPRISE LTD
150, 1 HSIANG HSIN RD WEST DIST TAICHUNG CITY 403, TAIWAN
TEL : 886-4-24738747
FAX : 886-4-24854172
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 31, 2002
REGISTRATION NO. :
13020937
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. PRITAM SAWLANI (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
US$ 30,628
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES : N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : NORMAL
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.91500 = US$1 AS OF 2007-3-3
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*Company Registration*
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License number : 13020937
Date issued : 31 January, 2002
Issuing authority : Ministry of Economic Affairs
*Office & Facilities*
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Size
: 80 sq. meter (approx.)
Location : Taichung
Property status : Owned by Mrs. Chin-ho Yen
Type of building : Apartment (5-storey building)
Comment : The firm is no longer
operating from this address.
*Factories, Size & Locations*
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The company is a trading company and does not maintain any warehouse or
processing plant.
Web
site: www.sunmedia-group.com The design
is professional and the content is well organized. At present it is in English
version.
E-mail: service@sunmedia-group.com
DISHONORED CHECKS 1 Record
Found
Dishonored Checks ( 1 )
Country : USA
Bank : HONGKONG
& SHANGHAI BANKING CORP
Date : 13 January,
2006
Amount : US$ 2K ~ US$
10K
Reason : Reason not
stated
*Major Shareholders*
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Shareholder's
Name No. of
Shares
-------------------------- ------------------
Mr. Pritam Sawlani 1,000,000
Name Nationality Job Description
Mrs. Chin-ho Yen Taiwanese
General Manager -
*Key Personnel*
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(1)
Mr. Pritam Sawlani
Founder : Sole founder
Nationality : Indian
Resident status : Taiwan (Residence status in Taiwan allows up to 6 months at any one time.)
Relationship : Husband of Chin-ho Yen
Work experience : More
than 5 years experience.
Responsibilities :
Handles the overall management of the firm including all financials, sales and
legal
matters.
(2)
Mrs. Chin-ho Yen
Relationship : Wife of Pritam Sawlani
*Operations Status*
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ALTHOUGH THE COMPANY REMAINS LEGALLY REGISTERED IN TAIWAN, THERE IS NO
TRACE OF THE COMPANY IN THE FOLLOWING ADDRESSES:
- 2Fl, 9, Lane 68, Shin Sheng North Rd, Section 3 Taipei
- 20-5 Chung Shui Rd Fuhsing Hsiang Changhwa Hsien 506
- 150, 1 Hsiang Hsin Rd West Dist Taichung City 403
Note: Former Operational address is owned by the Chairman's wife.
*Main Products & Services*
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Engaged in trading a wide variety of discs and multimedia products.
Products: CD-R (CD-Recordable)
CD-ROM
casings
Compact
Disc-Recordable (CD-R)
DVD (digital video
discs)
Digital
cameras
*Local Distribution Network*
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10% of the annual turnover was historically attributed to local
sales.
*Export Markets*
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90% of the annual turnover was historically attributed to export.
*Strategic Partners & Alliances*
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Group name : SUN MEDIA GROUP
Note : There is no trace or relationship that has been found which
indicates that such a "Group" existed or exists. However, it has been
used previously by the firm and hence listed in the report.
PAYMENT
RATING :NR OBTAINED SCORES :
0
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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 NO RECOMMENDATION
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 local corporate law for
public disclosure of detailed financials.
*Bank Details*
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Bank name : HONGKONG & SHANGHAI BANKING CORP
Branch : Taichung
Account no :
0810049133188335
Swift code : HSBCTWTP
SC is considered small-sized in its line with an acceptable to come into
credit dealings of small amount.
ATTACHED: TRADE REFERENCES
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3695 Magnetic
recording media
Trading 3861 Photographic
equipment and supplies
Trading 3999 Manufactured
articles,
Trading 5043 Photo
Equipment & Supplies
Trading 5065 Electronic
Parts/Equip, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4202 Travel
goods, handbags, wallets, jewelry cases etc
Trading 8519990045 Audio
laser disc players (compact disc)
Trading 8524994000 Other
magnetic media, recorded
Trading 9006590000 Photographic
(other than cinematographic) cameras
Trading 9006594020 Fixed
focus still image video cameras
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trading Jewelry cases
Trading MP3
Trading Multimedia products
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%)