MIRA
INFORM REPORT
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Report Date : |
06.09.2007 |
IDENTIFICATION DETAILS
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Name : |
TRADSHINE CO LTD |
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Registered Office : |
5FL, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
July 21, 1976 |
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Com. Reg. No.: |
14079409 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Imports of raw materials used in pharmaceutical products and nutritional
foods from Europe, Domestic sales of its imported products to local medicine /
pharmaceutical manufacturers. |
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 US$ 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
TRADSHINE CO LTD
5FL,
TEL : 886-2-27935288
FAX : 886-2-87912127
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 21, 1976
REGISTRATION NO. :
14079409
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. CHENG-YI YANG (CHAIRMAN)
STAFF STRENGTH :
9
CAPITAL :
US$ 604,230
BUSINESS LINE :
IMPORTER
TURNOVER :
US$ 4,579,806.53 (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 33.0449 = 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 –
Note: SC’s name should be the heading one, and it is operating in the
above stated address.
*Office & Facilities*
===============
Size : 154
sq meters
Location :
Property status : Owned by
TRADSHINE CO LTD
Type of building : Industrial
Comments : Serves as
office and warehouse
Other contact details
----------------------------
Tel nos : 2-27567537 / 27601161
Fax no : 2-27627399
E-mail :
rosayang@tpts1.seed.net.tw
Previous tel no : 2-87911626
*Corporate & Organization Structure*
=============================
A small-sized specialized company operated and managed by the owner.
*Factories, Size & Locations*
======================
The company is a trading house focused on importation of overseas
products, 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.
Web
site: www.tradshine.com.tw
The design is professional and the
content is well organized. At present it is both in Chinese and English versions.
Email : tradshinetw@yahoo.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
================
Shareholder's Name
% of Shares
--------------------------- ----------------
Mr. Cheng-yi Yang 99.00
Undisclosed Shareholders 1.00
*COMPANY MANAGEMENT*
=========================
Name Nationality
Job Description Dept. / Division
Mr. Kuo-yen Yang Taiwanese
Manager Sales
Mr. Cheng-yi Yang Taiwanese
General Manager -
*Key Personnel*
=============
Mr. Cheng-yi Yang
Founder : Sole-founder
Work experience : More than 20 years.
Responsibilities : Handles the
daily operation of the firm including all financial and legal matters.
Resident status :
*Main Products & Services*
======================
Specializes in two main areas of work:
1. Imports of raw materials used in pharmaceutical products and
nutritional foods from Europe,
2. Domestic sales of its imported products to local medicine /
pharmaceutical manufacturers.
Products also include :
- 3-benzyl-2, 3-dimethylbenzo(g)indole
- 3-benzyl-5-methyl-2,3,5-trimethylindole
- Anthracene-2-boronic acid
- 2-(Naphthal-1-yl)-phenylboronic acid
Carries the following brands :
- Arthrotana
- Uni Flivone
- Maca
- Artichoke
- Mykofarina
- Fucuster
- Emzyme-dig
Products : Acarbose
Adrenal cortical
hormones
Ambroxol hcl
Amikacin
sulfate
Amlodipine
*Brand*
=======
Brand Tradshine
*Payment Terms*
==============
Sales
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Local : Cash
30-90 days credit
Purchases
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Local : 30-90 days credit
Import : Letter of Credit (L/C)
Document against
Acceptance (D/A)
Telegraphic Transfer
(T/T)
Open account / Documents against
Acceptance (D/A) terms with settlement using Telegraphic Transfer
(T/T)
*Competitors*
===========
The following locally based firms supply similar range of products:
- CHI FU TRADING CO LTD
- BIGEAST CHEMICAL CO LTD
- ELANC CHEMICAL CO LTD
- FARMALITE TRADING CO LTD
- GTS CHEMICALS CORP
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Domestic Customers*
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Customer's/Client's name : YUNG SHIN PHARMACEUTICAL INDUSTRY CO LTD
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on the local sales only.
*Overseas Suppliers*
=================
(1)
Supplier's name : SICOR -
SOCIETA ITALIANA CORTIOSTEROIDI SPA
Country :
Products/materials :
Triamcinolone, Betamethasone, Betamethasone Dipropionate, Iamcinolone
Acetonide,
Etamethasone Valerate USP XX,
Methylprednisolone, Betamethasone Sodium Phosphate,
Fluocinolone, Acetonide,
Methylprednisolone Sodium Succinate, Ethasone Pivalate,
Clobetasol Propionate, Uorometholone,
Soximetasone "Sicor", Medroxyprogesterone
Acetate "Sicor", Betamethasone
Benzoate
(2)
Supplier's name : SOCIETA
INTERNAZIONAL RICERCHE STEROIDI SPA
Country :
Products/materials : Xamethasone,
Xamethasone Sodium Phosphate
(3)
Supplier's name : PROSINTEX
INDUSTRIE CHIMICHE ITALIANE SRL
Country :
Product/material : Atenolol,
Nifedipine, Timolol Maleate, Allopurinol
(4)
Supplier's name : ZAMBON
CHIMICA SPA
Country :
Product/material : Lindac
(5)
Supplier's name : LINNEA SA
Country :
Products/materials : Pilocarpine
Hydrochloride "Linnea", Silymarin "Linea", Scopolamine
Hydrobromide,
Scopolamine Butylbromide, Centella
Asiaticapurified Triterpenes, Ginkgo Biloba Extract
(6)
Supplier's name : ZAMBON
GROUP SPA
Country :
Products/materials : Naproxen,
Diltiazem Hydrochloride, Acetylcysteine, Diflunisal
(7)
Supplier's name : FARCHEMIA
SPA
Country :
Product/material : Clotrimazole
(8)
Supplier's name : PLANTEX LTD
- CHEMICAL INDUSTRIES
Country :
Products/materials :
Pentoxifylline, Gemfibrozil
(9)
Supplier's name : CONTI BPC
Country :
Product/material : Ambroxol
HCL
(10)
Supplier's name : ABIC LTD -
PHARMACEUTICAL & CHEMICAL INDUSTRIES
Country :
Product/material : Diltiazem
Hydrochloride
(11)
Supplier's name : PLIVA -
Country :
Product/material :
1-Aminoadamantane Hydrochloride (Amantadine Hydrochloride)
(12)
Supplier's name : IPCA
LABORATORIES LTD
Country :
Products/materials : Atenolol BP, Propranolol HCL, Triclosan
(13)
Supplier's name : CHOONGWAE
CHEMICAL CORP
Country :
Product/material :
Ketoconazole USP
(14)
Supplier's name : SICOR DE
MEXICO SA DE CV
Country :
Products/materials : Medroxyprogesterone Acetate, Cyproterone Acetate,
Clobetasone Butyrate
(15)
Supplier's name : SEKHSARIA
CHEMICALS LTD
Country :
Products/materials : Piroxicam, Ibuprofen, Nabumetone, Cetirizine
Dihydrochloride
(16)
Supplier's name : BIOCON
INDIA LTD
Country :
Products/materials : Lovastatin, Serratiopeptidase, Simvastatin,
Pravastatin Sodium
(17)
Supplier's name : RECORDATI
INDUSTRIA CHIMICA E FARMACEUTICA SPA
Country :
Products/materials : Fluoxetine HCL, Acyclovir, Dopamine Hydrochloride
(18)
Supplier's name : LUSOFARMACO
SRL (LUSOCHIMICA SPA)
Country :
Products/materials : Fenoterol HBR, Tolnaftate
(19)
Supplier's name : SYMBIOTEC
PHARMALAB PVT LTD
Country :
Products/materials : Methylprednisolone, Triamcinolone Acetonide,
Betamethasone Valerate,
Betamethasone Sodium Phosphate, Betamethasone Dipropionate
(20)
Supplier's name : TIANJIN TIANYAO
PHARMACEUTICAL CO LTD
Country :
Products/materials : Dexamethasone Sodium Phosphate, Prednisolone,
Dexamethasone, Betamethasone,
Hydrocortisone Acetate
(21)
Supplier's name : HENAN LIHUA
PHARMACEUTICAL CO LTD
Country :
Products/materials : Prednisolone Acetate, Prednisolone Sodium
Phosphate, Prednisolone, Hydrocortisone,
Hydrocortisone Acetate
*IMPORTER AGENCY LISTING*
============================
Supplier : ALCO CHEMICALS LTD
Country of Origin :
Product Description : Chemicals
Brand : Alco
Year : 1978
PAYMENT RATING : 3 OBTAINED SCORES : 59
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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.
*Bank Details*
============
Bank name : HUA NAN COMMERCIAL BANK LTD
Branch :
Branch Address : Ming Chi Bldg 54 Min Sheng East Rd Section 4
Swift code : HNBKTWTP
Bank Name : TAIWAN BUSINESS BANK
Branch : Tatung Dist,
Branch Address :
SWIFT Code : MBBTTWTP
As a private limited company with a paid-up capital of less than USD 6
million there is no legal requirement according to local corporate law for
public disclosure of detailed financials.
*Financial Summary (Currency:
================================
Year Sales Net Income
2004 US$ 3,007,518.80 US$
48,120.30
2006 US$ 4,579,806.53 US$
83,131.80
*Int´l Trade Activity (Currency:
================================
Year Imports Exports Total
2002 US$ 4,000,000.00 n/a
US$ 4,000,000.00
2003 US$ 2,396,914.65 n/a
US$ 2,396,914.65
2004 US$ 2,798,526.32 n/a
US$ 2,798,526.32
2005 US$ 3,000,000.00 n/a
US$ 3,000,000.00
2006 US$ 3,000,000.00 n/a
US$ 3,000,000.00
SC is considered an old-established business in small size. It is
considered a credit line up to US$ 80,000
appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2099 Food
products
Importing 2800 Chemicals
and Allied Products
Importing 2833 Medicinals
and botanicals
Importing 2834 Pharmaceutical
preparations
Importing 2899 Chemical
preparations
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 1211908080 Plants
and parts of plants, other than mint leaves, used as herbal teas and herbal
infusions
(single species, unmixed) fresh or dried
Importing 2008999090 Fruit,
nuts and other edible parts of plants, prepared or preserved
Importing 2106 Food
preparations
Importing 2827 Chlorides
etc; bromides etc; iodides etc.
Importing 2833290000 Other
sulfates
Importing 2907110000 Phenol
(hydroxybenzene) and its salts
Importing 2916391500 Ibuprofen
Importing 2918903000 Aromatic
drugs
Importing 2922191000 Diphenhydramine;
and tamoxifen citrate
Importing 2922501500 Aromatic
cardiovascular drugs
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Importer Minoxidil
Importer Health
foods
Importer Industrial
chemicals
Importer Ambroxol
hcl
Importer Betamethazone
Importer Carbamazepine
Importer Levetiracetam
Importer Red clover
extract
Importer Serratiopeptidase
Importer Cephalexin
monohydrate
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Importing from
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Importing from
Importing from
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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%)