MIRA
INFORM REPORT
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Report Date : |
02.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
BUFFALO MACHINERY CO LTD |
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Registered Office : |
56, Lane 318, Te Sheng Rd, Taya Hsiang Taichung Hsien 428 |
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Country : |
Taiwan |
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Date of Incorporation : |
October 2, 1979 |
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Com. Reg. No.: |
52541739 |
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Legal Form : |
Private |
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Line of Business : |
Research and development of
CNC lathes. Importing of main components and parts used for in-house production. Manufacturing and supplying range of various CNC lathes, teaching
lathes and related equipment and components. Export and local sales of its 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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Maximum Credit Limit : |
Up To USD 300,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
BUFFALO MACHINERY CO LTD
56, LANE 318, TE SHENG RD
TAYA HSIANG TAICHUNG HSIEN 428, TAIWAN
TEL 886-4-25603759
FAX 886-4-25603769
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 2, 1979
REGISTRATION NO. :
52541739
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. PAUL CHIN-FENG CHANG (GENERAL MANAGER)
STAFF STRENGTH :
45
CAPITAL :
US$ 3,017,502
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 300,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.36350 = US$1
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*
===============
1978 - Founded
by Mr. Louise Hsiao and Mr. Paul Chang, started out as a trader/exporter of
metal-working machines
1982 -
Entered the camera and photograph equipment business, most of which were imported
from Japan
1986 -
Involved in the production area of machines by buying shares from a couple of
factories
making Lathes and Mills.
1996 - Completely owned by Mr. Paul
Chang and is located in Taya, Taichung, Taiwan
1997 -
Built a plant especially for making CNC Lathe and CNC Mills (VMC)
2001 -
Established TIGER INDUSTRIES which develops all the CNC frames.
2002 -
Founded STEEL PROFESSIONAL
*Office & Facilities*
================
Size : 481 sq
meters (Approx)
Location : Taichung
Hsien
Property status : Owned by BUFFALO
MACHINERY CO LTD
Type of building : Industrial
Building
Other e-mail : - pauljfc@ms29.hinet.net
-
paul@mail.buffalo.com.tw
-
a01@mail.buffalo.com.tw
Previous Contact Details
---------------------------------
Address : 19 Alley 5 Lane 192 Tong Sun Rd Section 1 Peitun Dist Taichung
City 406
Tel no. : 4-24361692
Fax no. : 4-22319410
*Licenses & Permits*
=================
License number : 99704053
Date issued : 4 January,
2007
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
*Factories, Size & Locations*
======================
Size : 4,927
sq meters (Approx)
Type of building : Industrial
Building
Location : Taichung
Hsien
Property status : Owned by
BUFFALO MACHINERY CO LTD
*Corporate & Organization Structure*
=============================
A small-medium sized company mainly operated and managed by an
experienced team of professionals.
*Industry Ranking*
===============
Generally regarded as one of the Top 5000 Companies in Manufacturing
Industry of Taiwan.
Details of rank are as follows:
Year Rank
------- ---------
2004 2583
2005 2380
2006 1894
*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.buffalo.com.tw the design is
professional and the content is well organized. At present it is in English
version.
E-mail: info@mail.buffalo.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Shareholders' Name No. of Shares
-------------------------- ------------------
Mr. Paul Chin-feng Chang 90,000,000
Mr. Ching-kun Chang 4,400,000
Management: Mr. Jeff Chu,
Manager
Ms. Joan Huang, Director
Mr. Eric Chang, Director
Name Nationality Job Description Dept. / Division
Mr. Jeff Chu Taiwanese
Manager After-sales
Ms. Joan Huang Taiwanese
Director Finance
Mr. Eric Chang Taiwanese
Director Production
Mr. Andy Liu Taiwanese
Manager Production
Mr. Kevin Wang Taiwanese
Executive Purchasing
Mr. Bryant Tsai Taiwanese
Manager Quality Control
Ms. Christina Chang Taiwanese
Manager Sales
Ms. Joann Liao Taiwanese
Executive Shipping
Ms. Sabina Yi-chi Chen Taiwanese
Assist. Manager -
Mr. Kelly Chen Taiwanese
Engineer -
Mr. Louis Ching-tan Hsiao Taiwanese
General Manager -
Mr. Paul Chin-feng Chang Taiwanese
General Manager -
Mr. Paul J. F. Chang Taiwanese
General Manager -
Mr. Kim Chen Taiwanese
Manager -
Ms. Stella Chang Taiwanese
Manager -
*Key Personnel*
=============
Mr. Paul Chin-feng Chang
Founder : Co
Founder
Work experience : More than 20
years
Responsibilities : Daily
operation of the firm including all financial and legal matters.
Resident status : Taiwan
*Main Products & Services*
======================
Specializes in the following areas of work:
1.Research and development of
CNC lathes.
2. Importing of main components and parts used for in-house production.
3. Manufacturing and supplying range of various CNC lathes, teaching
lathes and related equipment and components.
4. Export and local sales of its
products.
Carries the following brands :
- Microcut
- Challenger
Products: Bed type milling machines
Boring
machines
CNC boring
machines
CNC lathes
CNC milling
machines
*Payment Terms*
==============
Sales
-------
Local : 30-90 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
--------------
Local : 30-90 days credit
Import : Letter of Credit (L/C)
Open Account (D/A)
with settlement using Telegraphic Transfer (T/T)
*Detailed Product Specifications*
==========================
Product Details
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CNC Boring machine
Model : HBM-4
Travel : XYZW-2200x1800x1600x750
Main
motor : AC25/20 HP
Spindle speed : 35-3000 rpm 2 steps
Slant bed CNC lathe
Model : 52T /
76T
Bore : 52/76mm
Turning
capacity : 600mm
Power : 11-18.5kw
Length : 500/1000mm
Vertical Machining Center Model : MCV-600 / 800 / 1000 / 1300 / 1500 / 2000
X travel :
600/800/1000/1300/1500/2000
Power : 5.5kw-26kw
Teaching Lathe Model : BNC series
SOB : 16"-43"
Center distance : 40"-200"
Bore : 60/85/105mm
*Exhibition Participation*
===================
Participated in the following local exhibitions :
(1)
Exhibition Fair : Taipei
International Machine Tool Show
Date Attended : 20-25 March, 2001
Location : Taipei
World Trade Center - Exhibition Hall
(2)
Exhibition fair : Taipei
International Machine Tool Show
Date attended : 18-23 March,
2003
Location : Taipei
World Trade Center- Exhibition Hall
(3)
Exhibition Fair : TIMTOS -
Taipei Int'l Machine Tool Show
Dates attended : 15-20 March, 2005
Location : Taipei
World Trade Center (TWTC) - Exhibition Hall
(4)
Exhibition/Fair : TIMTOS -
Taipei Int'l Machine Tool Show
Date attended : 12 March, 2007 -
17 March, 2007
Location : Taipei
World Trade Center (TWTC)
*Associations*
============
Member of :
- Taiwan Association of Machinery Industry
*Competitors*
============
The following locally based firms supply similar range of products:
- BRIDGE MACHINERY CO LTD
- SHE HONG INDUSTRIAL CO LTD
- AMADA TAIWAN INC
- HURCO MFG LTD
- CHUNG SING MACHINERY CO LTD
- FALCON MACHINE TOOLS CO LTD
- HO-CHUN MACHINERY CO LTD
*Local Distribution Network*
=======================
Approximately 10% of the annual turnover is attributed to local
sales.
*Export Markets*
==============
Approximately 90% of the annual turnover is attributed to export.
*International Trade Ranking*
=======================
The firm has been ranked among Taiwan's Top Importers/Exporters based on
the standard measured by the
Board of Foreign Trade (BOFT)
Details of rank are as follows :
Year Rank
------ ----------
2002 2076
2003 1678
2004 1462
2005 1211
*(Subsidiaries, Joint-ventures & Affiliates)
==============================
Company Name : SUPERMOST CORP
Address : Rm D 9Fl, 169-12 Chang An East Rd Section 2 Taiwan
Country : Taiwan
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Importer
Industry : Electronic Products & Components
Company Name : UNITRONIC HIGH-TECH CORP
Address : 1Fl, 8, Lane 252, Chung Shan North Rd 1Fl Taya Hsiang 428
Taichung Hsien Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Electronic Products & Components
PAYMENT RATING : 3 OBTAINED SCORES : 65
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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.
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.
Although, financial summaries were obtained for reference.
*Bank Details*
===========
Bank Name : TAIWAN COOPERATIVE BANK
Branch : Chungcheng Dist, Taipei City
Branch Address : 77 Kuan Chien Rd Chungcheng Dist Taipei City 100 (Head
Office)
SWIFT Code : TACBTWTP
Bank Name : CATHAY UNITED BANK
Branch : Chungcheng Dist, Taipei City
Branch Address : 65 Kuan Chien Rd Chungcheng Dist Taipei City 100 (Head
Office)
SWIFT Code : UWCBTWTP
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports Total
1996 $0.00 $9,300,000.00 $9,300,000.00
1997 $0.00 $12,800,000.00 $12,800,000.00
1998 $0.00 $9,500,000.00 $9,500,000.00
2004 $2,327,004.00 $21,034,688.99 $23,361,692.99
2005 $2,784,264.99 $27,742,120.00 $30,526,384.99
2006 $2,500,000.00 $30,000,000.00 $32,500,000.00
Financial Summary (Currency:
U.S. $'s)
============================
Year Sales Assets Net Income
2004 $22,195,488.72 n/a n/a
2006 $39,721,886.34 $21,886,336.15 $3,092,503.02
SC is considered small-sized in its line with a long history. Taking
into consideration of SC’s general performance, a credit line up to USD 300,000
appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3500 Industrial
Machinery & Equipment
Manufacturing 3545 Machine
tool accessories, and parts,
Manufacturing 3569 General
industrial machinery and equipment, and parts,
Trading 3500 Industrial
Machinery & Equipment
Trading 3549 Metalworking
machinery
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8457100005 Machining centers, used or rebuilt
Exporting 8458190010 Horizontal lathes, metal removing, except numerically
controlled, used or rebuilt
Exporting 8459290010 Drilling machines, metal removing, except numerically
controlled, used or rebuilt
Exporting 8459310005 Combination boring-milling machines, metal removing,
numerically controlled,
used
or rebuilt
Exporting 8459390010 Combination boring-milling machines, metal removing, except
numerically
controlled,
used or rebuilt
Exporting 8459610040 Milling machines, except knee type, metal removing, numerically
controlled, used
or
rebuilt
Exporting 8459690010 Milling machines, except knee type, metal removing, except
numerically
controlled,
used or rebuilt
Exporting 8460190005 Flat surface grinding machines, metal removing, accuracy of at
least 0.01 mm,
except
numerically controlled, used or rebuilt
Exporting 8460290005 Grinding machines except flat surface, metal removing, accuracy
at least 0.01
mm,
except numerically controlled, used or rebuilt
Exporting 8466934000 Parts of metalworking machine tools for cutting gears
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Lathes,
metal
Trader Well drilling
equipment
Trader Industrial
machinery
Trader CNC boring
machines
Trader Horizontal
lathes
Trader Machining
centers
Trader Bed type
milling machines
Trader Milling
machine, knee-type
Trader High speed
lathes
Trader Lathes
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Argentina
Exporting to Asia
Exporting to Australia
Exporting to Austria
Exporting to Belarus
Exporting to Belgium
Exporting to Brazil
Exporting to Canada
Exporting to Czech Republic
Exporting to Denmark
Exporting to Europe
Exporting to Finland
Exporting to France
Exporting to Germany
Exporting to Greece
Exporting to Indonesia
Exporting to Ireland
Exporting to Italy
Exporting to Malaysia
Exporting to Middle East
Exporting to Netherlands
Exporting to New Zealand
Exporting to Norway
Exporting to Oceania
Exporting to Portugal
Exporting to Romania
Exporting to Russia
Exporting to Saudi Arabia
Exporting to Singapore
Exporting to South Africa
Exporting to South Korea
Exporting to Spain
Exporting to Sweden
Exporting to Switzerland
Exporting to Thailand
Exporting to Turkey
Exporting to UAE
Exporting to USA
Exporting to United Kingdom
Exporting to Vietnam
Importing from Asia
Importing from China
Importing from Europe
Importing from Germany
Importing from India
Importing from Italy
Importing from Japan
Importing from North America
Importing from Oceania
Importing from Spain
Importing from Switzerland
Importing from USA
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. |
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%)