MIRA
INFORM REPORT
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Report Date : |
25.05.2007 |
IDENTIFICATION DETAILS
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Name : |
GO JOY STONE MATERIAL ENTERPRISE CO LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
December 6, 1988 |
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Com. Reg. No.: |
23105414 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing the raw materials, manufacturing and domestic sales of
marbles & granite slabs. |
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 : |
Up To USD 30,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
GO JOY STONE MATERIAL ENTERPRISE CO LTD
TEL : 886-3-8226156
FAX : 886-3-8223665
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 6, 1988
REGISTRATION NO. :
23105414
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. CHAO-HAI CHEN (CHAIRMAN)
STAFF STRENGTH :
46
CAPITAL :
US$ 2,660,218
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.1785 = US$1 AS OF 2006-10-18
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*
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License number : 23105414
Date issued : 6 December,
1988
Issuing authority : Ministry of
Economic Affairs (MOEA)
*Office & Facilities*
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Size : 3,830
sq. meters
Location : Hualien
Hsien
Property status : Owned by the
company, GO JOY STONE MATERIAL ENTERPRISE CO LTD
Type of building :
Comments : Served as
office, factory, and warehouse.
Other Contact Details
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Tel no. : 3-8222534
Fax no. : 3-8230437
*Corporate & Organization Structure*
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A medium sized company operated and managed by an experienced team of
professionals.
*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 : gojoysto@ms43.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name
No. of Shares
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Mr. Chao-hai Chen 3,000,000
Mr. Hung-kuang Hung 400,000
Mr. Chin-fa Chen 400,000
Mr. Fu-chi Lin
600,000
Ms. Shu-yi Liu
1,050,000
Mr. Yu-lin Yang 350,000
Name Nationality
Job Description Dept.
/ Division
Mr. Chao-hai Chen Taiwanese
CEO -
*Key Personnel*
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Mr. Chao-hai Chen
Founder : Co-
founder
Work experience : More than
15 years
Resident status :
Responsibilities :
Handles the daily operation of the firm including all financials and legal
matters.
*Main Products & Services*
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Specializes in importing the raw materials, manufacturing and domestic sales
of marbles & granite slabs.
Products : Ceramic paving
unglazed
Iron & steel
Unglazed ceramic paving
Saw blade
Granite blocks
*Payment Terms*
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Sales
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Local : Cash
30-60 days credit
Purchases
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Local : Cash
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 identical range of
products:
- RU MEEI INDUSTRIAL CO LTD
- KARAT BUILDING MATERIAL INT'L CO LTD
- DING YING ENTERPRISE CO LTD
- TWIN-HORSES TRADING CO LTD
- AGATE-ONIX MARBLE IMPORT INC
- UNIMINE DEVELOPMENT CORP
- MAY TUN MARBLES & GRANITES CO LTD
- MEI-TUN ENTERPRISE CO LTD
*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 Ranking*
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The firm has been ranked among
Details of rank are as follows:
Year Rank
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1997 3427
*LOCAL BRANCHES & MANAGEMENT*
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Branch : GO JOY STONE MATERIAL ENTERPRISE CO LTD
Branch Address :
Branch Zip : 249
Branch Suburb : Pali Hsiang
Branch Tel : [+886] 2-86304933
Branch Fax : [+886] 2-86304934
PAYMENT RATING : 3 OBTAINED SCORES : 53
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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*
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Bank Name
Branch
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CHANG HWA COMMERCIAL BANK LTD
TAIWAN BUSINESS BANK
As a private limited company with a paid-up capital of less than USD 6
million, there is no legal requirement according to
*Int´l Trade Activity (Currency:
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Year Imports Exports Total
2003 $2,000,000.00 $100,000.00 $2,100,000.00
2004 $2,200,000.00 $300,000.00 $2,500,000.00
2005 $2,500,000.00 $0.00 $2,500,000.00
SC is considered an old-established business in small size. It is
considered a credit line up to USD30,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 1423 Crushed/Broken
Granite
Importing 3253 Ceramic
wall and floor tile
Importing 3259 Nonrefractory
ceramic construction materials,
Importing 3269 Ceramic
articles,
Importing 331207 Steel
Plate/Sheet/Strip
Importing 3325 Steel Foundries, NEC
Importing 3425 Hand
saws and saw blades
Importing 3462 Iron
& steel forgings
Importing 5032 Brick/Stone/Const
Materials
Importing 5039 Construction
Materials, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2515110000 Marble
and travertine, crude or roughly trimmed
Importing 2516110000 Granite,
crude or roughly trimmed
Importing 6907900050 Other
unglazed ceramic flags, paving, tiles, mosaic cubes, and the like
Importing 7205100000 Granules,
iron or steel
Importing 8202990000 Other
saw blades and parts, base metal
Manufacturing 2515 Marble,
travertine etc. and alabaster, crude etc.
Manufacturing 2515121000 Marble
blocks and slabs
Manufacturing 2516120000 Granite,
cut into blocks or slabs
Manufacturing 6802911500 Marble,
other than slabs
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturing Polished & flamed granite
Manufacturing Marbles
Manufacturing Granite slabs
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
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%)