MIRA
INFORM REPORT
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Report Date : |
7th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
DAH CHUNG TRADING CO LTD |
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Registered Office : |
15fl Empire Bldg 87 Sung Chiang Rd Chungshan Dist, Taipei City 104 ,
Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
24.03.1969 |
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Com. Reg. No.: |
11016795 |
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Legal Form : |
Private |
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Line of Business : |
Engaged in importing food products. |
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 150,000 |
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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Company Name & Address
DAH CHUNG TRADING CO LTD
15FL EMPIRE BLDG 87 SUNG CHIANG RD CHUNGSHAN DIST, TAIPEI CITY 104 ,
TAIWAN
TEL : [+886] 2-250 69131
FAX : [+886] 2-25068686
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH. 24, 1969
REGISTRATION NO. :
11016795
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. KYLE LING-KAN CHOU (CHAIRMAN)
STAFF STRENGTH :
29
CAPITAL :
US$ 1,225,115
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
USD 150,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.97020 = US$1 AS OF 2007-03-07
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 History*
===============
Originally founded by the son of the late Vice-President, Mr. Dong-ming Hsieh.
The key business areas in which the company initially operated were importation
of industrial compressors, generator sets, and engines. This line of business
was eventually dropped and the current product range adopted.
*Company Registration*
===================
License number : 11016795
Date issued
: 24 March, 1969
Issuing authority : Ministry of Economic Affairs
(MOEA)
*Office & Facilities*
================
Size
: 503.53 sq meter (Approx)
Location : Central Business District (CBD)
Property status : Rented
Type of building : Commerical building
Comments : Premises is shared with the following
companies :
- J & K ENGINEERING CO LTD
- NEW TOP QUALITY ENTERPRISE CO LTD
- SIMOSA OIL CO LTD
- CONTRACT RESOURCES (TAIWAN) CO LTD
Other Contact Details
------------------------------
Tel no : 2-25068680
E-mail :
huichi_yang@dcco.com.tw
*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.dcco.com.tw The design is professional and the content
is well organized. At present it is both in Chinese and English version.
Email : dahchung@ms2.hinet.net
For the past 38 years there is no record of litigation.
*Major Shareholders*
=================
Shareholders' Name
No. of Shares
-------------------------- -------------------
Mr. Kyle Ling-kan Chou 950,000
Mr. Ling-jen Chou 950,000
Ms. Ling-chien Chou 950,000
Ms. Ling-yi Chou 950,000
Management : Mr. Scott Yi-chiang Hsu, Manager
Mr. Michael Shih-yung Wu, Executive
Mr. Wen-chao Chou, President
Name Nationality Job
Description
Mr. Scott Yi-chiang Hsu Taiwanese Manager Sales
Mr. Michael Shih-yung Wu Taiwanese Executive Sales & Marketing
Mr. Wen-chao Chou Taiwanese President
*Key Personnel*
==============
(1)
Mr. Kyle Ling-kan Chou
Founder
: Co-founder
Work experience : More than 15 years.
Responsibilities : Daily operation of the firm including
all financial and legal matters
Resident status :
Taiwan
(2)
Mr. Scott Yi-chiang Hsu
E-mail
: scott_hsu@dcco.com.tw
Tel no. :
2-25069131 ext 300
Responsibility : Food Department
(3)
Mr. Michael Shih-yung Wu
E-mail
: michael_wu@dcco.com.tw
Tel no.
: 2-25069131 ext 200
Responsibility : Chemical Department
*Main Products & Services*
======================
Specializes in importing food products.
Product lines includes:
Jelly Gum
- Refined Jelly Gum
- Konjac Jelly Gum
- Konjac Jelly Gum (Stick)
- Tea Jelly Gum (Refined)
- Coffee Jelly Gum (Refined)
- Crystal Jelly Gum
- Wine Jelly Gum
Pudding Jelly Gum
- Pudding Jelly Gum (Milk)
- Pudding Jelly Gum
Stabilizer
- Suspension Stabilizer
- Soft Ice Cream Stabilizer
- Sorbet Stabilizer (Ice Sand)
Others
- Imitated Edible Swallow Nest Powder
- Face Mask Gel Gum
- Jelly Gum In Ice
Products : Barium carbonate
Barium
sulfate
Carboxymethylcellulose
Carrageenan
Enzymes
Brand: DAH CHUNG
*Payment Terms*
==============
Sales
------
Local : 30-60 days
credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Local : 30-90
days credit
Imports : Letter of
Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
===========
The following locally based companies supply identical range
of products:
- KUAI KUAI CO LTD
- LUCKY ROYAL CO LTD
- FENG HSI FOOD CORP
- TSANG LIN INDUSTRIES CORP
*Agencies Discontinued*
=====================
Name of agency :
BRIGGS & STRATTON CORP
Brand : B&S
Product : Engines
Country : USA
Year : 1991
Newly appointed agent : Unknown
Discontinued year : 1993
Reasons for discontinuation :
Unknown
Other details :
Previous General Manager responsible for the business at the time: Mr. Fan
*Domestic Suppliers*
=================
Supplier's Name :
DKSH TAIWAN LTD
Products/Materials : Chemical products
*Local Distribution Network*
=======================
99% of the annual turnover is attributed to local sales.
*Export Markets*
=============
1% of the annual turnover is attributed to export.
*(Subsidiaries , Joint-ventures & Affiliates)
=================================
Company Name :
CONTRACT RESOURCES (TAIWAN) CO LTD
Global Identifier :
P0913841
Country :
Taiwan
Relationship :
Affiliate
Legal Form : Private Limited Company
Company Type :
Service
Industry :
Professional Services
Company Name :
J & K ENGINEERING CO LTD
Global Identifier :
P0873000
Address :
15Fl Empire Bldg 87 Sung Chiang Rd Chungshan Dist Taipei City 104 Taiwan
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Private Limited Company
Company Type :
Importer
Industry :
Chemicals
Company Name :
NEW TOP QUALITY ENTERPRISE CO LTD
Global Identifier :
P0873023
Address :
15Fl Empire Bldg 87 Sung Chiang Rd Chungshan Dist Taipei City 104 Taiwan
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Private Limited Company
Company Type :
Trader
Industry :
Chemicals
Company Name :
SIMOSA OIL CO LTD
Global Identifier :
P0823225
Address :
15Fl-1 Empire Bldg 87 Sung Chiang Rd Chungshan Dist Taipei City 104 Taiwan
Country :
Taiwan
Relationship :
Subsidiary
Legal Form :
Private Limited Company
Company Type :
Manufacturer
Industry :
Chemicals
*IMPORTER AGENCY LISTING *
===========================
Supplier :
AKZO NOBEL NV
Global Identifier :
P0637043
Country of Origin :
Netherlands
Product Description :
Chemical products
Brand :
AKZO NOBEL
Year :
2000
Supplier :
DEGUSSA AG
Global Identifier : P0006001
Country of Origin :
Germany
Product Description :
Food additives
Brand :
Degussa
Year :
2000
Supplier :
CARGILL INC
Global Identifier :
P0007960
Country of Origin :
USA
Product Description :
Food ingredients
Brand :
Cargill
Year :
2000
Supplier :
EXANDAL CORP
Global Identifier :
P0911727
Country of Origin :
USA
Product Description :
Food products
Brand :
Exandal
Year :
2000
Supplier :
ROUSSELOT SAS
Global Identifier :
P0911721
Country of Origin :
France
Product Description :
Gelatin
Brand :
Rousselot
Year :
2000
PAYMENT
RATING :3 OBTAINED SCORES :
66
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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 Taiwan corporate
law for public disclosure of detailed financials.
*BANK DETAILS*
================
Bank Name : SHANGHAI COMMERCIAL &
SAVINGS BANK
Global Identifier :
31537735
Branch :
Chungshan Dist, Taipei City
Branch Address :
Shanghai Bank Tower 2 Min Chuan East Rd Section 1 Chungshan Dist Taipei City
104
(Head Office)
SWIFT Code :
SCSBTWTP
*Int´l Trade Activity
(Currency: U.S. $'s)
================================
Year
Imports
Exports
Total
2003
$3,520,000.00
n/a $3,520,000.00
2004
$4,130,000.00
$35,000.00
$4,165,000.00
2005
$4,370,000.00
$37,000.00
$4,407,000.00
*Financial Summary
(Currency: U.S. $'s)
================================
Year
Sales
Assets Net
Income
2004
$6,375,939.85
n/a
$323,909.77
Over the past 38 years, SC has made a stable growth with
satisfactory profit. It is considered a credit line up to USD 150,000 appears
to be within SC’s capacities.
ATTACHED: TRADE REFERENCES
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing
2000 Food and
Kindred Products
Importing
2099 Food
products
Importing
2800 Chemicals
and Allied Products
Importing 2899 Chemical preparations
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing
1302200000 Pectic
substances, pectinates and pectates
Importing 1302320000 Mucilages and
thickeners, whether or not modified, derived from locust beans,
locust bean seeds or guar seeds
Importing
1302390010
Carrageenan
Importing
1519110000 Stearic
acid
Importing
2812900000 Halides and halide oxides of nonmetals
Importing
2833270000 Barium
sulfate
Importing
2836600000 Barium
carbonate
Importing
2908107050
Derivatives containing only halogen substitutes and their salts
Importing 2909500000 Ether-phenols, ether-alcohol-phenols and their
halogenated, sulfonated, nitrated
or nitrosated derivatives
Importing
2933610000 Melamine
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Importing Ether-phenols
Importing Fluxes
Importing Gelatine
Importing Guar gum
Importing Halides
Importing Hydrocolloids
Importing Ice cream stabilizers
Importing Jelly drinks
Importing Konjac powder
Importing Lubricating oil additive
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to North America
Exporting to USA
Importing from Asia
Importing from Austria
Importing from Belgium
Importing from Europe
Importing from France
Importing from Germany
Importing from Indonesia
Importing from Italy
Importing from Japan
Importing from Morocco
Importing from Netherlands
Importing from North Korea
Importing from Peru
Importing from Philippines
Importing from South Korea
Importing from USA
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%)