MIRA
INFORM REPORT
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Report Date : |
18.09.2007 |
IDENTIFICATION DETAILS
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Name : |
FULLCOLOR PIGMENT CO |
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Registered Office : |
1-3 Tu Tzu Keng Tu Keng Village Kueishan Hsiang Taoyuan
Hsien 333 |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
December 4, 2000 |
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Com. Reg. No.: |
12714024 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Manufacturing of a range of ink and pigment products. Domestic sales of its products to local factories and trading
firms. |
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$ 40,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
FULLCOLOR PIGMENT CO
1-3 TU TZU KENG TU KENG VILLAGE KUEISHAN HSIANG
TAOYUAN HSIEN 333,
TEL : 886-3-3505557
FAX : 886-3-3293353
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 4, 2000
REGISTRATION NO. :
12714024
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. CHING-CHIH LIN (CHAIRMAN)
STAFF STRENGTH :
13
CAPITAL :
US$ 302,115
BUSINESS LINE :
MANUFACTURER
TURNOVER :
US$ 858,524.79 (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.192 = 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 –
*Company Name*
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Incorporated as : TSAI YU
TOP CO LTD
Date of incorporation : 4
December, 2000
Changed name to : FULLCOLOR
PIGMENT CO
Date of change :
N/A
*Licenses & Permits*
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License number : 9962242300
Date issued : 12
December, 1993
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
*Office & Facilities*
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Size : 211
sq meters (Approx)
Location : Taoyuan
Hsien
Property status : Owned by
FULLCOLOR PIGMENT CO
Type of building : Industrial
building
Comment : Serves as office and factory
*Corporate & Organization Structure*
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A small -sized company operated and managed by the owner.
*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.
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*
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Shareholder's Name
% of Shares
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Mr. Ching-chih Lin 99
Undisclosed shareholder 1
*COMPANY MANAGEMENT*
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Name Nationality
Job Description
Mr. Ching-chih Lin Taiwanese
General Manager
*Key Personnel*
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Mr. Ching-chih Lin
Founder :
Sole-founder
Resident status :
Work experience : More than 7 years experience.
Responsibilities : Handles the
daily operation of the firm including all financials, sales and legal matters.
*Main Products & Services*
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Specializes in the following areas of work:
1. Manufacturing of a range of ink and pigment products.
2. Domestic sales of its products to local factories and trading firms.
Products : Coloring matter
Ink
Pigments
Printing
ink
*Payment Terms*
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Sales
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Local : 30 - 90 days credit
Cash
Purchases
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Local : 30 - 90 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 :
- CHI FENG PRINTING INK CO LTD
- TAIWAN SAKATA INX CORP
- HONING HUI TRADE CO LTD
- TUNG-MING PRINTING INK CO LTD
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
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.
*Bank Details*
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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 US$ 6
million, there is no legal requirement according to local corporate law for
public disclosure of detailed financials.
*Financial Summary (Currency:
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Year Sales Assets Net Income
2006 US$
858,524.79 US$ 396,009.67 US$ 121,825.88
*Int´l Trade Activity (Currency:
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Year Imports Exports Total
2004 US$ 290,000.00
US$ 0.00 US$ 290,000.00
2005 US$ 230,000.00
US$ 0.00 US$ 230,000.00
2006 US$ 185,000.00
US$ 0.00 US$ 185,000.00
SC is considered small-sized in its line with a 7 years history. It is
considered a credit line up to US$40,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 2893 Printing
inks
Manufacturing 2899 Chemical
preparations
Manufacturing 5169 Chemicals/Allied
Prdts, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3207100000 Prepared
pigments, prepared opacifiers, prepared colors and similar
preparations
Manufacturing 3204170000 Pigments
& preparations based thereon
Manufacturing 3204175085 Other
pigments and preparations based thereon
Manufacturing 3206 Coloring
matter; coloring prep, etc.
Manufacturing 3215 Ink,
printing, writing, drawing etc, concen or not
Manufacturing 3215905000 Ink
Manufacturing 3800 Miscellaneous
chemical products
Manufacturing 3823905050 Chemical
products and preparations of the chemical or allied industries
INTERNATIONAL TRADE : ACTIVITY & MARKETS
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%)