MIRA
INFORM REPORT
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Report Date : |
12th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
TCI FIRSTEK CORP |
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Registered Office : |
8fl, No.187, Kang Chien Rd, Neihu Dist, Taipei City 114,
Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
09.11.2004 |
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Com. Reg. No.: |
27531430 |
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Legal Form : |
Private |
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Line of Business : |
1. Importing of raw materials for the production of : (a) gelatine
capsules and capsules used as medicine. (b) finished
products including vitamins, beverages and cosmetics. 2. Coordination and supply to the firm's related
manufacturing facility, TCI CO LTD. |
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 10,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name & Address
TCI FIRSTEK CORP
8FL, NO.187, KANG CHIEN RD, NEIHU DIST, TAIPEI CITY 114,
TAIWAN
TEL : [+886]
2-87977811
FAX : [+886]
2-87973578
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER.9, 2004
REGISTRATION NO. :
27531430
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. WILLIAM WU-NAN YANG (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 306,279
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 10,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.02500= US$1 AS OF 2007-3-12
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*
===================
License number : 27531430
Date issued
: 9 November, 2004
Issuing authority : Ministry of Economic Affairs
(MOEA)
*Office & Facilities*
================
Size
: 216 square meters (Approx.)
Location
: Taipei City
Property status : Owned by TCI CO LTD
Type of building : Industrial building
Previous Contact Details
---------------------------------
Address : 8Fl, 187 Kang Chien Rd 114 Taipei City
*Factories, Size & Locations*
=======================
The company is a domestic importing company and does not
have production facilities directly owned by the company. However, it should be
noted, that the owners of TCI FIRSTEK are also the owners of TCI CO LTD and
JAHT TECHNOLOGIES CORP, which are manufacturers of capsule vitamins, and
related medication and pharmaceuticals.
*Warehousing Facilities*
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The firm shares the same office as TCI CO LTD.
All imported materials are warehoused at TCI CO LTD's
manufacturing facilities.
*Corporate & Organization Structure*
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A small-sized company operated and managed on a daily basis
by its owners.
*Reputation*
==========
Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any adverse information.
SC is not known to host website of its own at present.
Email : gloria@qodm.com
For the past 3 years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name No. of Shares
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Mr. William Wu-nan Yang 220,000
Ms. Sandra Shu-chun Kuan 200,000
Mr. Vincent Yung-hsiang Lin 200,000
Mr. Chi-chun Yang 200,000
Management : Ms. Miko An-yun Lee, Executive
Ms. Gloria Liu, Executive
Name
Nationality Job Description
Ms. Miko An-yun Lee Taiwanese
Executive (Purchasing)
Ms. Gloria Liu Taiwanese Executive
*Key Personnel*
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(1)
Mr. William Wu-nan Yang
Responsibility :
Handles the overall management of the firm.
(2)
Ms. Gloria Liu
Tel no. : 2-87977811 Ext: 8113
Email address : gloria@qodm.com
Responsibility : Sales & Marketing
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing of raw materials for the production of :
(a) gelatine
capsules and capsules used as medicine.
(b) finished
products including vitamins, beverages and cosmetics.
2. Coordination and supply to the firm's related
manufacturing facility, TCI CO LTD.
Products : Cosmetic raw materials
Pharmaceutical raw materials
Raw
material beverages
Vitamins raw materials
*Payment Terms*
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Purchases
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Local : 30-60 days
credit.
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
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The following locally based companies supply similar range
of products :
- CHI FU TRADING CO LTD
- DASHING TRADING CORP
- GREAT UNION TRADING CO LTD
- KUANG SHENG CO LTD
*Domestic Customers*
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TCI FIRSTEK was set up as the purchasing arm for TCI CO LTD
and JAHT TECHNOLOGIES CORP
Therefore 100% of imports made by TCI FIRSTEK are for
consumption by JAHT TECHNOLOGIES CORP (which is the manufacturing entity of the
three (3) related firms).
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*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.
*International Trade Activity*
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The primary activity of the firm is importation of raw
materials for in-house use. The imports listed above, are only those related to
sea shipments, but it is understood that the bulk of imports are air-cargo, not
sea freight.
There are no disclosed figures for air-freight cargo.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name :
JAHT TECHNOLOGIES CORP
Global Identifier :
P0112845
Address :
6Fl-7 Far East World Centre Bldg A 75 Hsin Tai 5th Rd Section 1 Hsihchih City
221
Taipei Hsien Taiwan
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Private Limited Company
Company Type :
Manufacturer
Industry :
Telecommunications
Company Name :
TCI CO LTD
Global Identifier :
P0335743
Address :
8Fl, 187 Kangchien Rd Neihu Dist Taipei City 114 Taiwan
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Private Limited Company
Company Type :
Trader
Industry :
Food Products
PAYMENT
RATING :4 OBTAINED SCORES :
45
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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.
As a private limited company with 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*
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Bank Name :
BANK OF TAIWAN
Global Identifier :
31534064
Branch :
Chungcheng Dist,Taipei City
Branch Address :
120 Chung Ching South Rd Section 1 Chungcheng Dist Taipei City 100 (Head
Office)
SWIFT Code :
BKTWTWTP
Bank Name :
MEGA INT'L COMMERCIAL BANK CO LTD
Global Identifier :
31537717
Branch :
Chungshan Dist,Taipei City
Branch Address :
100 Chi Lin Rd Chungshan Dist Taipei City 104 (Head Office)
SWIFT Code :
ICBCTWTP
*Int´l Trade Activity
(Currency: U.S. $'s)
================================
Year
Imports Exports Total
2004
$0.00 $0.00 $0.00
2005
$75,000.00 $0.00 $75,000.00
Over the past 3 years, SC has made a stable growth with satisfactory
profit. It is considered a credit line up to USD
10,000 appears to be within SC’s capacities.
ATTACHED: TRADE REFERENCES
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2800 Chemicals and Allied Products
Importing
2834
Pharmaceutical preparations
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing
3800 Miscellaneous chemical
products
Importing
3823905050
Chemical products and preparations of the chemical or allied industries
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Importing from Asia
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%)