MIRA
INFORM REPORT
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Report Date : |
15.10.2007 |
IDENTIFICATION DETAILS
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Name : |
UKKO CORP |
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Registered Office : |
2FL, |
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Country : |
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Date of Incorporation : |
April 22, 1988 |
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Com. Reg. No.: |
22872079 |
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Legal Form : |
Private |
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Line of Business : |
Importing raw rubber. Sales and distribution mainly to local rubber processing
factories. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Up To USD 40,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
UKKO CORP
2FL,
TEL : 886-2-27991189
FAX : 886- 2-26591082
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 22, 1988
REGISTRATION NO. :
22872079
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. BURGEE CHIH-CHENG CHANG (CHAIRMAN)
STAFF STRENGTH :
7
CAPITAL :
US$ 603,500
BUSINESS LINE :
TRADER
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 32.68000 = 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 –
*Office & Facilities*
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Size : 78 sq meters (Approx.)
Location : Central Business District (CBD)
Property status : Owned by UKKO CORP
Type of building : Residential building
Previous Contact Details
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Address : 8Fl-12,
Te no : 2-27417736
Fax no : 2-27111425
*Factories, Size & Locations*
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The company is a trading house focused on importation of overseas raw
material and maintains no manufacturing facilities.
*Corporate & Organization Structure*
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A small-sized company mainly operated and managed by the owner of the
firm.
*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.ukko.org the design is professional and the content is
well organized. At present it is in English version.
E-mail: ukko@ms27.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. Burgee Chih-cheng Chang 900,000
Ms. Yu-fen Wang 700,000
Ms. Li-chen Wang 300,000
Mr. Chien-fa Wang 25,000
Management: Mr. Roger Chen,
Manager
Mr. Burgee Chih-cheng Chang, General Manager
Name Nationality Job Description Dept.
/ Division
Mr. Roger Chen Taiwanese
Manager Sales
Mr. Burgee Chih-cheng Chang Taiwanese
General Manager -
*Key Personnel*
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Mr. Burgee Chih-cheng Chang
Founder : Co-founder
Work experience : More than 10
years
Responsibilities : Daily
operation of the firm including all financial and legal matters
Resident status :
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing raw rubber.
2. Sales and distribution mainly
to local rubber processing factories.
Products: Butadiene rubber
Carbon black
Hard rubber
Isoprene rubber
Natural rubber
latex
*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 : 30-60 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:
- LEE CHANG YUNG CHEMICAL INDUSTRY CORP
- GRAND HORN ENTERPRISE CO LTD
- ZOWON TRADING CO LTD
- ELANC CHEMICAL CO LTD
- NEUTO PRODUCTS CORP
*Local Distribution Network*
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Approximately, 90% of the annual turnover is attributed to local
sales.
*Export Markets*
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Approximately, 10% of the annual turnover is attributed to export.
*LOCAL BRANCHES & MANAGEMENT*
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Branch : UKKO CORP -
Branch Address : 4Fl-4, 15, Lane 360,
Branch Fax : [+886] 2-26591085
Branch Email : info@ukko.org
PAYMENT RATING : 3 OBTAINED SCORES : 54
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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 SMALL
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.
*Bank Details*
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Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,
Branch Address :
SWIFT Code : CCBCTWTP
*Int´l Trade Activity (Currency:
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Year Imports Exports Total
2004 $7,320,000.00 $73,000.00 $7,393,000.00
2005 $7,660,000.00 $36,000.00 $7,696,000.00
2006 $8,130,000.00 $41,000.00 $8,171,000.00
*Financial Summary (Currency:
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Year Sales Assets Net Income
2006 $10,036,275.70 $250,906.89 $154,171.70
Over the past 19 years, SC has made a stable growth with fairly good
profit. It is considered a credit line up to USD 40,000 appears to be within SC’s
capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2822 Synthetic
rubber
Trading 3069 Fabricated
rubber products,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2803000010 Carbon
black
Importing 4001100000 Natural
rubber latex, whether or not prevulcanized
Importing 4001210000 Natural
rubber in smoked sheets
Importing 4001290000 Natural
rubber in other forms
Importing 4002110000 Latex
of styrene-butadiene rubber (sbr); carboxylated styrene-butadiene rubber
(xsbr)
Importing 4002190000 Styrene-butadiene
rubber (sbr); carboxylated styrene-butadiene rubber (xsbr),
except latex nesot
Importing 4002200000 Butadiene
rubber (br)
Importing 4002590000 Acrylonitrile-butadiene rubber (nbr), exc
latex
Importing 4002600000 Isoprene
rubber (ir)
Trading 4002590000 Acrylonitrile-butadiene
rubber (nbr), exc latex
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Rubber
Trader Hard
rubber
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
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. |
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%)