MIRA
INFORM REPORT
|
Report Date : |
03.09.2007 |
IDENTIFICATION
DETAILS
|
Name : |
JIA CHENG STEEL CO LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
April 26, 2005 |
|
|
|
|
Com. Reg. No.: |
27772346 |
|
|
|
|
Legal Form : |
Private Company With Limited Liability |
|
|
|
|
Line of Business : |
Import and local purchase of metals and raw metal products. Local sales of purchased products.
|
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
Maximum Credit Limit : |
Up To US$ 10,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
name & address
JIA CHENG STEEL CO LTD
TEL : 886-2-29836996
FAX : 886-2-29836696
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 26, 2005
REGISTRATION NO. :
27772346
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MS. YA-HSIN LAI (CHAIRMAN)
STAFF STRENGTH :
8
CAPITAL :
US$ 755,287
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.094 = US$1 AS OF
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*
===============
Size : 260 sq. meters (Approx)
Location : Outer
suburb of
Property status : Rented
Type of building : Industrial
building
*Corporate & Organization Structure*
=============================
A small-sized company operated and managed by the owner and an
experienced team of professionals.
*Factories, Size & Locations*
======================
The company is a trading house, and maintains no manufacturing
facilities.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
Email : jiacheng160@yahoo.com.tw
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
=================
Shareholders' Name
% of Shares
-------------------------- ----------------
Ms. Ya-hsin Lai 99.00
Undisclosed Shareholder/s 1.00
*COMPANY MANAGEMENT*
==========================
Name Nationality
Job Description Dept. / Division
Mr. Chiang-hsiung Huang Taiwanese
Representative Sales
Ms. Yan-hsin Lai Taiwanese
General Manager -
*Key Personnel*
=============
Ms. Ya-hsin Lai
Founder :
Sole-Founder
Resident status :
Responsibilities : Handles the
daily operation of the firm including all financial, sales and legal matters.
Work experience : More than 2 years experience.
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Import and local purchase of metals and raw metal products.
2. Local sales of purchased products.
Products : Iron bars
Iron boards
Iron
products
Stainless
steel
Stainless steel
bars
*Payment Terms*
=============
Sales
-------
Local : Cash
30-90 days credit
Purchase
------------
Local : 30-90 days credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Competitors*
===========
The following locally based firms supply similar range of products:
- WIN YI STEEL INDUSTRIAL CO LTD
- FOUNDER LAND CO LTD
- SHANG TAI STEEL CO LTD
- SPECIAL STEEL CO LTD
- SAN YIH STEEL CO LTD
*Local Distribution Network*
======================
100% of the annual turnover is attributed to local sales directly to
metal manufactures.
*Domestic Suppliers*
=================
- JIA CHARG CO LTD
*Export Markets*
==============
There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
*(Subsidiaries , Joint-ventures & Affiliates)
==================================
Company Name : JIA CHARG CO LTD
Address :
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Metals & Metal Products
PAYMENT RATING : 4 OBTAINED SCORES :
48
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
*Bank Details*
============
Bank Name : FIRST COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address : 10Fl,
SWIFT Code : FCBKTWTP
Bank Name : TAIWAN BUSINESS BANK
Branch :
Branch Address : 3Fl,
SWIFT Code : MBBTTWTP
As a private limited company with a paid-up capital of less than USD6
million, there is no legal requirement according to local corporate law for
public disclosure of detailed financials.
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2005 US$ 120,000.00 US$ 0.00 US$ 120,000.00
2006 US$ 50,000.00 US$ 0.00 US$ 50,000.00
SC is considered small-sized in its line with a short history. It is
considered a credit line up to US$10,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3325 Steel
Foundries, NEC
Trading 3462 Iron
& steel forgings
Trading 3499 Fabricated
metal products
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7200 Iron
& steel
Trading 7214 Bars
& rods, iron & na steel
Trading 7218 Stainless
steel in ingots etc & semifin products
Trading 721810 Stainless
steel ingots and other primary forms
Trading 7222 Bars
& rods, st steel; angles etc, stainless steel
Trading 7300 Articles
of iron or steel
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Stainless
steel
Trader Stainless
steel products
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Importing from
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%)