MIRA
INFORM REPORT
|
Report Date : |
21.11.2007 |
IDENTIFICATION
DETAILS
|
Name : |
YUNE TUNG S.A. |
|
|
|
|
Registered Office : |
Z.I. Vaiava, Fare Ute BP 252 – Papeete |
|
|
|
|
Country : |
Tahiti (French Polynesia) |
|
|
|
|
Date of Incorporation : |
November 1st,
1991 |
|
|
|
|
Legal Form : |
Société Anonyme (corporation – profit) |
|
|
|
|
Line of Business : |
Importer and wholesaler
electronic material |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
200,000
EUR |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
|
REQUIRED CREDIT |
ADVISED CREDIT |
|
Maximum |
200,000
EUR |
GEOPOLITICS
|
POLITICAL DATA |
ECONOMIC DATA |
||
|
FORM OF GOVERNMENT ECONOMIC RISK |
French Territory None |
CURRENCY BRANCH SITUATION |
EUR 1 = 119.332 CFP Stable |
IDENTIFICATION
|
Company Name: |
YUNE TUNG S.A. |
||
|
Address: |
Z.I. Vaiava, Fare Ute BP 252 – Papeete – Tahiti (French Polynesia) |
||
|
Phone: Facsimile: Website: ID: State: Managers: |
689-50.89.89 689-50.89.99 - 244.699 French Polynesia Pt: Joseph LAUSAN |
Date founded: |
November 1st,
1991 Société Anonyme (corporation – profit) 307,500,000 CFP 31 |
|
Legal form: |
|||
|
Stock value: |
|||
|
Staff: |
|||
|
Business: |
Importer and wholesaler
electronic material |
||
BANKS
Banque de Tahiti
Banque de Polynésie
SOCREDO
BUSINESS
Operations:
At above address, the
Company is owner of a warehouse, store and office, on 3,000 sq. ft. and maintains
a warehouse located in Titioro.
YUNE TUNG sells to
contractors and retailers in Tahiti and other French Polynesian islands.
Business:
YUNE TUNG S.A. is importer
and distributor of:
- Electronics Electrical Computer
- Consume Electronics
- Household Electrieal Appliance
- Electronics Electrical Computer
- Consume Electronics
Brands/suppliers include
MGE UPS SYSTEMS (United States), CH. BEHA GmbH (Germany), LEGRAND (France),
MAZDA, PHILIPS, SCHNEIDER, and others.
Terms
of payments
Imports are made usually
with a 60 days net payment.
Some payments are late due
to local conditions of the market.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
This is a family owned and
managed company.
Joseph LAUSAN is the
President.
Christian LAUSAN is the
CEO.
FINANCIALS – COMMERCIAL TRENDS
AND
FORECAST
As a private company, that
corporation does not publish any financials.
An estimate sale for year
2006 is in the range of 1,500,000,000 CFP (approximately 12,500,000 EUR).
On a direct call, Joseph
LAUSAN controlled the present report.
Cash-flow is said to be
just enough due to high inventories.
There are several UCC files
listed in favour of the banks.
RATING
Local credit bureau gave a
medium credit rate.
The Company is in “good
standing”.
This means only that all
taxes were paid on due date.
Our
final opinion
- This is a large business
working on a regional market.
- Some payments are late
due to high inventories, but the Company maintains a regular activity.
A credit line may be
considered.
A business connection may
be conducted.
SUMMARY
|
FINANCIAL
SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
||
|
PROFITABILITY INDEBTNESS CASH |
Medium Controlled Just enough |
PUBLIC PAYMENTS |
No Regular |
|
ADVISED CREDIT |
|
200,000 EUR |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)