MIRA
INFORM REPORT
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Report Date : |
18.05.2007 |
IDENTIFICATION DETAILS
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Name : |
PLUM FLOWER WORLD CO LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
April 21, 1982 |
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Com. Reg. No.: |
30972831 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
-- |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
Poor |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
name & address
PLUM FLOWER WORLD CO LTD
TEL: 886-2-39666770
FAX: 886-2-39455770
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 21, 1982
REGISTRATION NO. :
30972831
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. YUAN-CHENG LEE (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 150,557
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
POOR
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
POOR
OPERATIONAL TREND : POOR
GENERAL REPUTATION : POOR
EXCHANGE RATE :
TWD 33.37806 = US$1 AS OF 2007-5-18
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 :
30972831
Date issued :
21 April,1982
Issuing authority :
Ministry of Economic Affairs (MOEA)
License termination date : 18 January, 2007
*Office & Facilities*
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Size :
81.95 square meters (Approx)
Property status : Rented
Type of building :
Apartment
*Corporate & Organization Structure*
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A small-sized company operated and managed by the owner and family
members.
*Factories, Size & Locations*
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The company is a trading house focused on importation of overseas
products, and maintains no manufacturing facilities.
*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.
www.shangpin.com.cn The design is professional and the content is well
organized. At present it is in Chinese version.
E-mail: shang_pin@seed.net.tw
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name %
of Shares
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Mr. Yuan-cheng Lee
99.00
Undisclosed shareholders
1.00
Management: Ms. Shu-chiao Wang,
Manager
Mr. Yuan-cheng Lee, General Manager
Name Nationality
Job Description
Ms. Shu-chiao Wang Taiwanese Manager Marketing
Mr. Yuan-cheng Lee Taiwanese General Manager
*Key Personnel*
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Mr. Yuan-cheng Lee
Founder : Co-founder
Work experience : More than 20 years in the industry.
Responsibilities : Daily operation
of the firm including all financial and legal matters.
*Operations Status*
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Date : 18 January, 2007
THIS COMPANY CEASED BUSINESS ON THE DATE LISTED ABOVE.
ALL INFORMATION CONTAINED IN THIS REPORT IS HISTORICAL INFORMATION THAT
WAS CONTAINED ORIGINALLY IN OUR DATABASE FILES.
NOTE: Credit analysts identified a related company called:
SHANG PIN HONG INT'L CO that is operated by a relative of the owners of
PLUM FLOWER WORLD CO LTD. SHANG PIN HONG INT'L CO is still operating and in the
same line of business originally done by PLUM FLOWER WORLD.
*Main Products & Services*
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Specializes in the following areas of work :
1. Trading pottery products and glassware.
2. Offer services related to assembly room design, window display and
model design.
Products: Flower arrangements
Modeling &
design systems
Window display
Glassware
Pottery
*Payment Terms*
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Sales
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Local : 30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
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Local : 30-90 days credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Local Distribution Network*
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70% of the annual turnover is attributed to local sales.
*Export Markets*
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30% of the annual turnover is attributed to export.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : SHANG PIN HONG INT'L CO
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Consumer Products
PAYMENT RATING : 6 OBTAINED SCORES : 10
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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
C.O.D. amounts depending on individual judgement experience.
*Bank Details*
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Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : HNBKTWTP
*Int´l Trade Activity (Currency:
==============================
Year Imports Exports Total
2004 $75,000.00 $75,000.00 $150,000.00
2005 $150,000.00 $35,000.00 $185,000.00
2006 $150,000.00 $75,000.00 $225,000.00
SC ceased its business on 18 January, 2007, so no credit dealings are recommended with SC
at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 7300 Business
Services
Trading 1793 Glass
& Glazing Work
Trading 5193 Flowers/Florists'
Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9958 Assembly
and distribution services of gen commodities
Trading 6702 Artificial
flowers, foliage & fruit, parts & articles
Trading 7000 Glass
& glassware
INTERNATIONAL TRADE : ACTIVITY & MARKETS
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%)