MIRA
INFORM REPORT
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Report Date : |
7th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SOU LE ENTERPRISE CO LTD |
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Registered Office : |
16fl-13 Far East World Centre Bldg C 79 Hsin Tai 5th Rd, Section 1 Hsihchih
City Taipei Hsien 221 , Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
24.03.1977 |
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Com. Reg. No.: |
12111733 |
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Legal Form : |
Private |
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Line of Business : |
Engaged in trading, importing and domestic
sales of chemical 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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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Company Name & Address
SOU LE ENTERPRISE CO LTD
16FL-13 FAR EAST WORLD CENTRE BLDG C 79 HSIN TAI 5TH RD, SECTION 1
HSIHCHIH CITY TAIPEI HSIEN 221 , TAIWAN
TEL : [+886] 2-26984466
FAX : [+886] 2-26984460
EXECUTIVE SUMMARY
INCORPORATION DATE :
MARCH24, 1977
REGISTRATION NO. :
12111733
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. YUN-LUNG WU (CHAIRMAN)
STAFF STRENGTH :
20
CAPITAL :
US$ 3,062,787
BUSINESS LINE :
TRADER
TURNOVER :
USD16,545,153.24 (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
USD 100,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.96400 = US$1 AS OF 2007-03-05
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*
===============
1973 - Established as SOU LI ENTERPRISE DEVELOPMENT CO LTD
in Fong Yuan Taichung, managing the
sales of
rubber and plastic chemical materials and the industrial pigments.
1974 - Started to sell the rubber processing aids and began
the pioneer of selling processing aids in Taiwan rubber industry.
1977 - Set up rubber R & D Laboratory, providing
customers the best formulation design and technical service.
1978 - Obtained the qualification of import and export
company and the import and export department was set-up.
- Founded
SOU YU ENTERPIRSE CO LTD
-
Established SOU LE ENTERPRISE CO LTD a merger between SOU LI, SOU LE & SOU
YU.
1981 - Established branch in Kaohsiung city.
1982 - Set up foreign sales department, appointing the
specialists to develop the sales of rubber chemicals to South East Asia.
1983 - Established the MIS department, entering the
computerized management age.
1989 - Purchased the branch office building in Taichung.
- Purchased
the 2nd office building at Kuang Fu South Rd, Taipei.
1991 - Established SOU LE (HONG KONG) ENTRPRISE CO LTD.
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Established Guangzhou branch office, starting the development of China market.
1992 - Established Shanghai, China branch office.
1993 - Established Beijing, China branch office.
1995 - Purchased the branch office building at Gubei Xin
District, Shanghai, China.
1996 - Purchased the new head office building at Hsi-chih,
Taipei.
2000 - Established Xiamen office.
2002 - Established SOU LE TRADING (GUANGZHOU) CO LTD.
2003 - Asia-Pacific and Mainland China Business Department
were branched.
*Company Name*
=============
Incorporated as
: SOU LI ENTERPRISE DEVELOPMENT
CO LTD
Year on incorporation :
1977
Changed name to
: SOU LE ENTERPRISE CO LTD
Year of change
: 1988
*Company Registration*
===================
License number : 12111733
Date issued
: 24 March, 1977
Issuing authority : Ministry of Economic Affairs (MOEA)
*Office & Facilities*
===============.
Size
: 538 sq meters
Location
: Taipei Hsien
Property status : Owned under SOU LE ENTERPRISE CO LTD
Type of building : Commercial & industrial
building
Previous contact details
--------------------------------
Address : 4Fl-2, 268 Kuang Fu South Rd Taipei City
Telephone no :
2-27311387
Fax no :
2-27118523
*Corporate & Organization Structure*
=============================
A medium-sized company operated and managed by an
experienced team of professionals.
*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.soule.com.tw The design is professional and the content is well organized. At
present it is both in Chinese and English version.
Email : info@soule.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Shareholders' Name No. of Shares
---------------------------
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Mr. Chun-shan Sun 10,000
Mr. Tsung-shou Hung 10,000
Mr. Ming-kun Hsu 10,000
Mr. Yun-lung Wu, Mr. Wen-cheng Liao,
Mr. Kui-ming Chang & Mr. Chin-chuan Chen 10,000
Note : The 10,000 shares are jointly held by the above four
(4) persons on behalf of a company with no formal English name.
Management : Mr. Daniel Liang-kun Chen, General Manager
Mr. Yun-lung Wu, General Manager
Name Nationality Job
Description
Mr. Daniel Liang-kun Chen Taiwanese General Manager
Mr. Yun-lung Wu Taiwanese General Manager
*Key Personnel*
==============
Mr. Yun-lung Wu
Founder
: Co- founder
Responsibilities : Handles the daily
operation of the firm including all financials and legal matters.
Work experience :
More than 25 years
Resident status : Taiwan
*Main Products & Services*
======================
Specializes in trading, importing and domestic sales of
chemical products.
Products : SBR (styrene butadiene rubber)
Aluminium oxide
Antioxidizing preparations
Aromatic sulfur compounds
Artificial waxes
*Payment Terms*
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Sales
------
Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : Cash
30-90 days credit
Import :
Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
===========
The following locally based companies supply similar range
of products:
- ABBEY INT'L CO LTD
- BIG KWER ENTERPRISE CORP
- CATCHING TRADING CO LTD
- DINGHOME CORP
- ELANC CHEMICAL CO LTD
*Quality Certification*
==================
Type of certification : ISO 9001: 2000
Year of certification
: 2004
*Local Distribution Network*
=======================
99% of the annual turnover is attributed to local
sales.
*Export Markets*
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1% of the annual turnover is attributed to export.
Branch :
SOU LE ENTERPRISE CO LTD - TAICHUNG CITY
Branch Address :
7Fl-4, 416, Section 2 Chunde Rd Beituen Chiu Taichung Peitun Dist, Taichung
City, 406
Branch Tel :
[+886] 4-22438656
Branch Fax :
[+886] 4-22444447
*RELATED PARTIES(Subsidiaries , Joint-ventures &
Affiliates)
=================================================
Company Name :
SOU LE ENTERPRISE (HK) CO LTD
Address :
Unit 915, 9Fl Parkland Centre 25 Kin Wing St Tuen Mun New Territories Hong Kong
Country :
Hong Kong
Relationship :
Subsidiary
Legal Form :
Private Limited Company
Company Type :
Trader
Industry :
Chemicals
Company Name :
SOU LE ENTERPRISE CO LTD
Address :
Rm 1503, 350 Dong Feng Zhong Rd Guangzhou 510030 Guangdong China
Country :
China
Relationship :
Subsidiary
Legal Form :
Private Limited Company
Company Type :
Trader
Industry :
Chemicals
Company Name :
SOU LE TRADING (GUANGZHOU) CO LTD
Country :
China
Relationship :
Subsidiary
Legal Form :
Private Limited Company
Company Type :
Trader
Industry :
Chemicals
PAYMENT
RATING :3 OBTAINED SCORES :
72
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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*
===============
Bank Name :
FUBON COMMERCIAL BANK
Global Identifier :
31535207
Branch :
Ta-an Dist,Taipei City
Branch Address :
2Fl B1 Fubon Banking Center 169 Jen Ai Rd Section 4 Ta-an Dist Taipei City 106
(Head
Office)
SWIFT Code :
This bank does not have a SWIFT Code
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.
*Int´l Trade Activity
(Currency: U.S. $'s)
================================
Year
Imports
Exports
Total
2003 $6,000,000.00 $200,000.00
$6,200,000.00
2004
$8,000,000.00
$100,000.00
$8,100,000.00
2005
$7,000,000.00
$200,000.00
$7,200,000.00
*TRADE STATISTICS (Currency: U.S. $'s)
=================================
Year
Imports
Exports Total
2002
$5,000,000.00
$300,000.00 $5,300,000.00
*Financial Summary
(Currency: U.S. $'s)
================================
Year Sales Assets Net Income
2004
$12,691,729.32
$7,037,593.98
n/a
2005
$16,545,153.24
--------------- n/a
SC is considered medium-sized in its line with an acceptable
base to come into credit dealings of moderate amount.
ATTACHED: TRADE REFERENCES
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing
2800 Chemicals
and Allied Products
Importing
2899 Chemical
preparations
Importing
5169
Chemicals/Allied Prdts, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 4002190000 Styrene-butadiene rubber (sbr);
carboxylated styrene-butadiene rubber (xsbr), except latex
Importing 1521100000 Vegetable waxes (other than triglycerides)
Importing 1521900000 Beeswax
and other insect waxes and spermaceti, whether or not refined or colored
Importing 2512000000 Siliceous
fossil meals (such as kieselguhr, tripolite and diatomite and similar siliceous
earths whether or nt calcined, of an apparent sp gr of 1 o l
Importing 2712900000 Microcrystalline
petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral
waxes, and similar products
Importing 2811220000 Silicon dioxide
Importing 2818200000 Aluminum
oxide, except artificial corundum
Importing 2921510000 O-, m-,
p-phenylenediamine, diaminotoluenes, and their derivatives salts thereof
Importing 2930201000 Aromatic thiocarbamates and
dithiocarbamates-pesticides
Importing 2930300000 Thiuram
mono-, di- or tetrasulfides
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Importing Beeswax
Importing Benzotriazole
Importing Chemical products
Importing Chloroprene rubber
Importing Compound plasticizers
Importing Cultured crystals
Importing Elastomeric resins
Importing Microcrystalline wax
Importing Narrow woven fabrics
Importing Nuclear magnetic resonance
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
Exporting to Hong Kong
Importing from Argentina
Importing from Asia
Importing from Belgium
Importing from Canada
Importing from China
Importing from Europe
Importing from France
Importing from Germany
Importing from Italy
Importing from Japan
Importing from Malaysia
Importing from Mexico
Importing from North America
Importing from South Africa
Importing from South America
Importing from South Korea
Importing from Spain
Importing from Switzerland
Importing from USA
Importing from United Kingdom
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%)