MIRA
INFORM REPORT
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Report Date : |
19.09.2007 |
IDENTIFICATION DETAILS
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Name : |
TRANS PEACE ENTERPRISE CO LTD |
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Registered Office : |
6fl, |
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Country : |
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Financials (as on) : |
2006 |
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Date of Incorporation : |
29.11.1999 |
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Com. Reg. No.: |
16819153 |
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Legal Form : |
Private |
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Line of Business : |
Importing a wide range of dyestuffs. Domestic sales of its imported products |
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 : |
USD 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME &
ADDRESS
TRANS PEACE ENTERPRISE CO LTD
6FL,
TEL: 886-7-5533553
FAX: 886-7-5523136
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 29, 1999
REGISTRATION NO. :
16819153
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CHENG-KUANG TSENG (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
US$ 30,211
BUSINESS LINE :
IMPORTER
TURNOVER :
USD$879,685.61 (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 :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.14156 = 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 –Taiwan New
Dollars
*Company Name*
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Previous name : TRANS-PEACE ENTERPRISE CO LTD
Changed name to : TRANS
PEACE ENTERPRISE CO LTD
Year of change : 2007
*Office & Facilities*
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Size : 90 sq. meters (approx.)
Location :
Property status : Rented
Type of building : Commercial
building
Comment : Serves as office and warehouse.
Previous Contact Details
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Address :
10Fl-3,
Tel no : 7-5561036
Fax no : 7-5590192
Address :
7Fl-1, 366 Po Ai 1st Rd
Tel nos : 7-3224012 / 3227636
Fax no : 7-3227939
*Factories, Size & Locations*
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The company is a trading house focused on importation of overseas
products, and maintains no manufacturing facilities.
*Corporate & Organization Structure*
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A small-sized company mainly operated and managed by the owner.
*Reputation*
==========
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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Shareholders' Name
% of Shares
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Mr. Cheng-kuang Tseng
99.00
Undisclosed Shareholders 1.00
Management: Mr. Cheng-kuang Tseng, General Manager
Name Nationality
Job Description
Mr. Cheng-kuang Tseng Taiwanese General Manager
*Key Personnel*
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Mr. Cheng-kuang Tseng
Founder : Sole-founder
Work experience : More
than 7 years.
Responsibilities : Handles the daily operation of the
firm including all financials, sales and legal matters.
Resident status :
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing a wide range of dyestuffs.
2. Domestic sales of its imported products.
Products: Acid dyes
Basic dyes
Chemicals
Reactive dyes
*Payment Terms*
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Sales
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Local : 30-60 days credit
Purchases
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Local : 30-60 days credit
Import : Letter of Credit (L/C)
*Competitors*
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The following locally based companies supply identical range of
products:
- BINGLE CO LTD
- DYEXCEL CHEMICAL INDUSTRIAL CORP
- RED HOPE CO LTD
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- DYSTAR TAIWAN LTD
*Local Distribution Network*
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100% 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 :4 OBTAINED SCORES : 48
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Rating Key |
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 :
Swiftcode : CCBCTWTP
*Financial Summary (Currency:
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Year Sales Assets Net Income
2006 $879,685.61 $28,113.66 $22,732.77
*Int´l Trade Activity (Currency:
==============================
Year Imports Exports Total
2004 $442,000.00 $0.00 $442,000.00
2005 $614,000.00 $0.00 $614,000.00
2006 $450,000.00 $0.00 $450,000.00
SC is considered small-sized in its line with an 8 years history. It is considered a credit line up to USD
10,000 appears to be within SC’s capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2800
Chemicals and Allied
Products
Importing 2899
Chemical preparations,
Trading 2800
Chemicals and Allied
Products
Trading 2899
Chemical preparations,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3204
Syn org coloring matter
& prep; syn org brit agent
Importing 3204125000
Acid dyes, whether or not
premetallized, and preparations based thereon,
Importing 3204130000
Basic dyes and preparations based
thereon
Importing 3204165000
Reactive dyes and preparations based
thereon,
Importing 3800
Miscellaneous chemical
products
Importing 3823905050
Chemical products and preparations
of the chemical or allied industries
Trading 3204
Syn org coloring matter
& prep; syn org brit agent
Trading 3204125000
Acid dyes, whether or not
premetallized, and preparations based thereon,
Trading 3204130000
Basic dyes and preparations based
thereon
Trading 3204165000
Reactive dyes and preparations based
thereon,
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Basic dyes
Trader Reactive dyes
Trader Chemicals
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
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%)