MIRA
INFORM REPORT
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Report Date : |
29.09.2007 |
IDENTIFICATION DETAILS
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Name : |
HURMG YIEH MACHINERY INDUSTRIAL CO LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
May 10, 1990 |
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Com. Reg. No.: |
23717218 |
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Legal Form : |
Private |
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Line of Business : |
Research & development of electroplating machineries and
equipment. Imports industrial components and other related electronic products. Manufacturing of plating machinery including electroplating industry
full-set and layout facilities. Export and local sales of its manufactured 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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
HURMG YIEH MACHINERY INDUSTRIAL CO LTD
TEL : 886-6-2530166
FAX : 886-6-2530169
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
10, 1990
REGISTRATION NO. :
23717218
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. LIEN-TUNG JUAN (CHAIRMAN)
STAFF STRENGTH :
68
CAPITAL :
US$ 754,375
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.76400 = 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 –
*Company History*
===============
1989 - Developed the device of
PP barrel for Semi-conductor, Electronics, Computer, Automobile,
Fastener and Hardware Industries,
which is highly honored of by domestic & international
customers and obtained various
world-famous patents.
1991 -
Built the 2nd plant.
1996 -
Built the 3rd plant.
1997 -
Built the 4th plant China Zhejiang.
*Office & Facilities*
===============
Size :
8,260 sq meters (Approx)
Location :
Facilities :
Maintains the following facilities:
- Research & Development Dep.
- Manufacture Dep.
- Administration
Dep.
- Educational Training Sales Dep.
- Computer-aided Drawing
- Sample Room
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- Restaurant
Property status : Rented
Type of building :
Comments : Serves as
office and factory
Other Contact Details
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Fax no : 6-2422983
Email address : ma1@hurmg-yieh.com.tw
Website :
www.hurmg-yieh.com.tw
*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.
Web
site: www.hung-li.com.tw the design is
professional and the content is well organized. At present it is both in
Chinese and English versions.
E-mail: sales@hurmg-yieh.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name No. of Shares
--------------------------- -------------------
Mr. Lien-tung Juan 625
Mr. Lien-ching Juan 625
Mr. Lien-kun Juan 625
Mr. Hui-jung Juan 625
Management: Mr. Lien-ching Juan,
Manager
Mr. Sunny Chi-hsien Kuo, Manager
Mr. Lien-tung Juan, General Manager
Name Nationality
Job Description Dept. / Division
Mr. Lien-ching Juan Taiwanese
Manager Sales
Mr. Sunny Chi-hsien Kuo Taiwanese
Manager Sales
Mr. Lien-tung Juan Taiwanese
General Manager -
*Key Personnel*
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Mr. Lien-tung Juan
Founder :
Co-founder
Work experience : More than 15 years
Responsibilities : Handles the
daily operation of the firm including all financials, sales and legal matters.
Other position : Chairman of
HUNG LI MACHINERY INDUSTRIAL CO LTD
*Main Products & Services*
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Specializes in the following areas of work:
1. Research & development of electroplating machineries and
equipment.
2. Imports industrial components and other related electronic products.
3. Manufacturing of plating machinery including electroplating industry full-set
and layout facilities.
4. Export and local sales of its manufactured products.
Products also include:
- Chucking Type Color-Washed Dehydration Equipment
- Automatic Single Arm Rolling Type Electroplating Equipment
- FPC & PCB Wet Automatic Production Line
- Auto-Rolling Type Phosphate Plating Equipment
- Full-Automatic Beveling Type Plating Equipment
- Coil To Coil Lead Frame Plating Equipment
Products: Accessory equipments
Air humidifiers
Automatic
controls
Automatic
machines
Barrel series
*Brand*
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HL
*Payment Terms*
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Sales
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Local : Cash
30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
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 similar range of products:
- BOSSMEN INC
- CHUNG HSIN ELECTRIC & MACHINERY MFG CORP
- NEW WIDETECH INDUSTRIES CO LTD
- ADVANCED SEMICONDUCTOR ENGINEERING INC
- TRUE TEN INDUSTRIAL CO LTD
*Licenses & Permits*
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License number : 99660288
Date issued : 22 November,
1996
Issuing authority : Industrial Development
Bureau, MOEA
Type of license : Factory
license
*Quality Certification*
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Type of certification: ISO 9001
*Exhibition Participation*
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Participated in the following local exhibitions:
(1)
Exhibition fair : TAITRONICS - Components & Equipment
Show
Dates attended : 9-13 October,
2002
Location :
(2)
Exhibition fair : TAITRONICS -
Finished Products Show
Dates attended : 16-20 October,
2002
Location :
*Local Distribution Network*
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Approximately 25% of the annual turnover is attributed to local
sales.
*Export Markets*
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Approximately 75% of the annual turnover is attributed to export.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : HUNG LI MACHINERY INDUSTRIAL CO LTD
Address : 248
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Consumer Products
Company Name : HUNG YI (
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Machinery
PAYMENT RATING : 3 OBTAINED SCORES : 56
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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
Although financial summaries were obtained for reference.
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
2006 $3,567,110.04 $695,284.16 $323,458.28
*Int´l Trade Activity (Currency:
==============================
Year Imports Exports Total
2003 $200,000.00 $2,000,000.00 $2,200,000.00
2004 $600,000.00 $3,000,000.00 $3,600,000.00
2005 $400,000.00 $5,000,000.00 $5,400,000.00
2006 $732,000.00 $2,500,000.00 $3,232,000.00
Over the past 17 years, SC has made a stable growth with fairly good
profit. It is considered a credit line up to USD 100,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3500 Industrial
Machinery & Equipment
Manufacturing 3471 Electroplate/Polish/Color
Manufacturing 3500 Industrial
Machinery & Equipment
Manufacturing 3569 General
industrial machinery and equipment, and parts,
Manufacturing 3599 Machinery,
except electrical, and parts,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8479891000 Air
humidifiers or dehumidifiers, not incorporating a refrigerating unit
Exporting 8479900040 Parts
of industrial robots
Importing 3920200000 Other
plates, sheets, film, foil & strip, of plast, noncelluar & not reinforcd,
laminated,
supported or combind with oth mat, of polymers of propylene
Importing 8504400004 Power
supplies (rectifier type) of a rated power output not exceeding 50 w
Manufacturing 8451800000 Machinery
of heading 8451
Manufacturing 8479 Machines
etc having individual functions, parts
Manufacturing 8543300000 Electroplating,
electrophoresis and electrolysis machines & apparatus
Manufacturing 9032 Automatic
regulating or control instruments; parts
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Rolling type
plating equipment
Manufacturer Plating
machinery
Manufacturer Barrel series
Manufacturer Carrier type
plating equipment
Manufacturer Rotary type plating
equipment
Manufacturer Electroplating
equipment
Manufacturer Accessory
equipments
Manufacturer Automatic
controls
Manufacturer Electroplating
machinery
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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. |
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%)