MIRA
INFORM REPORT
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Report Date : |
11.05.2007 |
IDENTIFICATION DETAILS
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Name : |
TA SHUN DYESTUFFS CO LTD |
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Registered Office : |
1FL, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
June 4, 1982 |
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Com. Reg. No.: |
34493340 |
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Legal Form : |
Private |
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Line of Business : |
Importing of raw materials for dyestuffs. Purchasing a wide range of chemicals. Selling to both domestic and international markets of
products for paper dyestuffs. |
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 30,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
TA SHUN DYESTUFFS CO LTD
1FL,
TEL : [+886] 2-25351178
FAX : [+886] 2-25354395
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 4, 1982
REGISTRATION NO. :
34493340
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. MING-YEH CHOU (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 150,557
BUSINESS LINE :
TRADER
TURNOVER :
US $2,581,620.31 (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.29199 = US$1 AS OF 2007-5-11
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 *
====================
License number :
34493340
Date issued
: 4 June, 1982
Issuing authority :
Ministry of Economic Affairs (MOEA)
Office & Facilities*
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Size
: 68.33 square meter (Approx)
Location
: Central Business District
Facilities
: Semi-modern
Property status :
Rented
Type of building :
Semi-residential building
Comment :
Serves as office and retail outlet
Previous e-mail :
tsdc@tpts6.seed.net.tw
*Factories, Size & Locations*
======================
Although TA SHUN DYESTUFFS CO LTD is an importer and trading
house and as such do not have any manufacturing facilities directly owned by TA
SHUN, the firm's subsidiary company, TEH FONG MIN INT'L CO LTD, does maintain a
manufacturing premises in Tai Shan, Taipei County. Hence, warehousing and
processing of imported dye-stuffs takes place at these premises.
*Corporate & Organization Structure*
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A small-medium sized company operated and managed by the
owner and family members.
*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.
SC is not known to host website of its own at present.
Email : eddie73.huang@msa.hinet.net
For the past 25 years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name % of Shares
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Mr. Ming-yeh
Chou 99
Undisclosed shareholders 1
Management : Ms. Yi-yung Chou, Manager
Mr. Ming-yeh Chou, President
Name
Nationality
Job Description
Ms. Yi-yung Chou
Taiwanese
Manager Export
Mr. Ming-yeh Chou
Taiwanese
President
*Key Personnel*
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Mr. Ming-yeh Chou
Founder
: Sole founder
Resident status :
Work experience :
More than 20 years experience.
Responsibilities :
Handles the daily operation of the firm including all financials, sales and
legal matters.
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing of raw materials for dyestuffs.
2. Purchasing a wide range of chemicals.
3. Selling to both domestic and international markets of
products for paper dyestuffs.
Products : Synthetic organic products
Chemical dyes
Dyestuffs
Erodescent paper dyes
Paper
dyes
*Payment Terms*
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Sales
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Local : Cash
30-90
days credit
Export : Letter of Credit (L/C)
Document
against Acceptance (D/A)
Telegraphic Transfer (T/T)
Purchase
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Local : 30-90 days
credit
Import : Letter of
Credit (L/C)
*Competitors*
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The following .locally based companies supply similar range
of products:
- GREEN CIRCLE CHEMICAL LTD
- TA KANG CHEMICAL INDUSTRIAL CORP
- CENTRAL RESIN INDUSTRY CO LTD
- HON EASE INDUSTRIES CO LTD
- CHEMMAX CO LTD
*Local Distribution Network*
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66% annual turnover is attributed to local sales.
*Export Markets*
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34% annual turnover is attributed to export.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : TEH FONG MIN INT'L CO LTD
Country :
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Chemicals
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 there is no legal requirement
according to local corporate law for public disclosure of detailed financials.
*BANK DETAILS*
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Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : HONGKONG & SHANGHAI BANKING CORP
Branch : Hsin-i Dist,
Branch Address : 13-15Fl Int'l Trade Bldg
SWIFT Code : HSBCTWTP
*Int´l Trade Activity
(Currency:
================================
Year Imports
Exports Total
2004
$175,000.00
$3,850,000.00 $4,025,000.00
2005
$275,000.00
$1,250,000.00 $1,525,000.00
2006
$175,000.00 $870,000.00 $1,045,000.00
*Financial Summary
(Currency:
==================================
Year Sales Assets Net Income
2006
$2,581,620.31
$420,193.47 $275,392.99
Over the past 25 years, SC has made a stable growth with
satisfactory profit. It is considered a credit line up to USD 30,000
appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Exporting
2869 Industrial organic chemicals
Trading
2800 Chemicals
and Allied Products
Trading
2899 Chemical
preparations
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Exporting 3204200000 Synthetic organic products used as
fluorescent brightening agents
Trading
3204 Synthetic organic coloring matter &
prep; Synthetic organic brightening agent
Trading 3204140000 Direct dyes & preparations based
thereon
Trading
3800 Miscellaneous chemical products
Trading
3809 Finishing agents etc for textiles, paper etc
Trading
3809925000 Finishing agents
and dye carriers used in the paper industry containing less than
5
percent or more by wet of 1 or more aromatic/modified aromt subset
Trading
3823906000 Chemical products
and preparations of the chemical or allied industries
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Importing from
Importing from
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%)