MIRA
INFORM REPORT
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Report Date : |
27.09.2007 |
IDENTIFICATION DETAILS
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Name : |
PRINCE DYESTUFF ENTERPRISE CO LTD |
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Registered Office : |
57, Lane 944, |
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Country : |
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Date of Incorporation : |
May 23, 1991 |
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Com. Reg. No.: |
86194906 |
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Legal Form : |
Private |
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Line of Business : |
Importing a wide range of dyestuffs for textiles and
leather. Domestic sales of its imported products. Re-exports to overseas customers a range of imported
dyestuffs and related chemicals. |
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 20,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
PRINCE DYESTUFF ENTERPRISE CO LTD
57, LANE 944,
HSIEN 500,
TEL: [+886] 4-7263742
FAX: [+886] 4-7263745
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY 23, 1991
REGISTRATION NO. :
86194906
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. TANG-PI LEE (CHAIRMAN)
STAFF STRENGTH :
6
CAPITAL :
US$ 482,800
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 :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.9268 = 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*
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Size
: 122 sq meters (Approx)
Location
: Changhua Hsien
Property status :
Rented
Type of building :
Residential building
*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 operated and managed by the owner and
family members.
*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.
Email : chunda88@ms17.hinet.net
For the past 16 years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name
% of
Shares
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Mr. Tang-pi Lee
99.00
Undisclosed Shareholders 1.00
Management : Ms. Michelle Hu, Executive
Mr. Tang-pi Lee, General Manager
Name Nationality Job Description
Ms. Michelle Hu
Taiwanese Executive Sales
Mr. Tang-pi Lee
Taiwanese General Manager
*Key Personnel*
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Mr. Tang-pi Lee
Founder
: Sole Founder
Work experience : More than 10 years.
Responsibilities :
Handles the daily management 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 a wide range of dyestuffs for textiles and
leather.
2. Domestic sales of its imported products.
3. Re-exports to overseas customers a range of imported
dyestuffs and related chemicals.
Products : Acid dyes
Chemical dyestuff
Chemical products
Dyestuffs
Leather dyes
*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)
Open
account 30-60 day settlement by Telegraphic Transfer (T/T)
*Competitors*
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The following locally based firms supply similar 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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Approximately 85% of the annual turnover is attributed to
local sales.
*Export Markets*
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Approximately 15% of the annual turnover is attributed to
export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 52
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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 : TAIWAN
BUSINESS BANK
Branch :
Changhwa
Swift code :
MBBTTWTP
*Int´l Trade Activity (Currency:
==============================
Year
Imports Exports Total
2004
$938,000.00 $273,000.00 $1,211,000.00
2005
$254,000.00 $93,000.00 $347,000.00
2006
$936,000.00 $257,000.00 $1,193,000.00
SC is considered small-sized in its line with an acceptable
base to come into credit dealings of small amount.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 2800 Chemicals and Allied Products
Trading 2816 Inorganic pigments
Trading 2899 Chemical preparations
Trading 5169 Chemicals/Allied Prdts, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 3204 Syn org coloring matter & prep; syn org brit
agent
Trading 3204121700 Acid dyes, whether or not premetalized,and preparations based
thereon, acid
black
31, etc
Trading 3204179085 Other pigments and preparations based thereon
Trading 3204191900 Solvent dyes and preparations based thereon
Trading 3204192550 Solvent dyes & preparations based thereon
Trading 3800 Miscellaneous chemical products
Trading 3823905050 Chemical products and preparations of the chemical or allied
industries
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trader Leather,
dyestuffs
Trader Dyestuffs
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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%)