MIRA
INFORM REPORT
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Report Date : |
14.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
EVER DYNASTY INT'L CO LTD |
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Registered Office : |
16FL-3, 499 Chung Ming South Rd West Dist Taichung City 403 |
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Country : |
Taiwan |
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Date of Incorporation : |
30.05.2002 |
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Com. Reg. No.: |
79971248 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Local purchasing of a wide range of hand tools. Selling to international markets.
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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 30,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
EVER
DYNASTY INT'L CO LTD
16FL-3, 499 CHUNG MING SOUTH RD WEST DIST
TAICHUNG CITY 403, TAIWAN
TEL: 886-4-23755169 FAX: 886-4-23761311
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
30, 2002
REGISTRATION NO. :
79971248
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. KEVIN PO-LING HUANG (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 165,837
BUSINESS LINE :
EXPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 30,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.26900 = US$1
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
*Office & Facilities*
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Size : 110sq. meters (Approx)
Location : Taichung City
Property status : Rented
Type of building : Commercial building
Other e-mail : elle@ever-dynasty.com.tw
Previous address: 4Fl, 2, Lane 46, Chung Yi St, Taipei City, 111
*Factories, Size & Locations*
======================
The company is a trading house focused on exports of products overseas,
and maintains no manufacturing facilities.
*Corporate & Organization Structure*
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A small -sized company 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.
E-mail: kevingracenews@yahoo.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: N/A
Shareholders Country
Number Amount %
----------------------------- - ----------- ---------- ---------- ------
Mr. Kevin Po-ling Huang Taiwan n/a n/a 99.00
Undisclosed Shareholders n/a n/a n/a 1.00
Management: Ms. Elle Ai,
Executive
Mr. Kevin Po-ling Huang, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Elle Ai Taiwanese
Executive Sales
Mr. Kevin Po-ling Huang Taiwanese
General Manager -
*COMPANY DIRECTORS*
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1
Name :
Mr. Kevin Po-ling Huang
Nationality :
Taiwan
Country of Residence : Taiwan
*Main Products & Services*
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Specializes in the following areas of work:
1. Local purchasing of a wide range of hand tools.
2. Selling to international markets.
Products: Files
Hammers
Hand drills
Hand saws
Pipe tools
*Payment Terms*
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Sales
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Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchase
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Local : 30-90 days credit
*Competitors*
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The following locally based companies supply similar range of products:
- YU YUAN MACHINERY INDUSTRIAL CO LTD
- FOUNG-E CO LTD
- HANLONG INDUSTRIAL CO LTD
- JENN FENG ELECTRIC INDUSTRIAL CO LTD
- POWERTEK COMPONENTS INC
*Local Distribution Network*
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There is no record of local sales since the prime focus of the firm's
activity is concentrated on exports only.
*International Trade Activity*
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At the time of preparing this report, the Ministry of Economic Affairs
had not yet released trade figures for 2007.
*Export Markets*
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100% of the annual turnover is attributed to export.
*LOCAL BRANCHES & MANAGEMENT*
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Branch :
EVER DYNASTY INT'L CO LTD - CHUNGLI CITY
Branch Address : 2Fl,
16 Wu Kuang 1st St Chungli City, Taoyuan Hsien 320
Branch Tel :
[+886] 3-4937871
Branch Employees : 3
PAYMENT RATING : 3 OBTAINED SCORES :
51
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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 local corporate law for
public disclosure of detailed financials.
Although financial summaries were obtained for reference.
*BANK DETAILS*
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Bank Name : MEGA INT'L
COMMERCIAL BANK CO LTD
Branch : Chungcheng
Dist, Taipei City
Branch Address : 123 Jhongsiao E Rd Section 2 Chungcheng Dist Taipei
City 100 (Head Office)
SWIFT Code : ICBCTWTP
*Financial Summary (Currency: U.S. $'s)
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Year Sales Net Income
2006 $1,565,900.85 $117,896.01
*Int´l Trade Activity (Currency: U.S. $'s)
=============================
Year Imports Exports Total
2004 $5,000.00 $90,000.00 $95,000.00
2005 $0.00 $890,000.00 $890,000.00
2006 $0.00 $1,370,000.00 $1,370,000.00
SC is considered small-sized in its line with a 6 years history. Taking
into consideration of SC’s general performance, a credit line up to USD 30,000
would appear to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3423 Hand
and edge tools, except machine tools and hand saws
Exporting 3425 Hand
saws and saw blades
Exporting 3544 Special
dies, tools, jigs, and fixtures
Exporting 3545 Machine
tool accessories, and parts,
Exporting 3546 Power
driven hand tools, and parts,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8202 Handsaws
& metal pts; saw blades; base metal saw parts
Exporting 8202100000 Handsaws and parts except blades, base metal
Exporting 8204 Hand
operated spanners & wrenches etc, base metal parts
Exporting 8204200000 Socket wrenches with or without handles, drives and extensions,
parts, base metal
Exporting 8205200000 Hammers and sledge hammers and parts thereof, of base metal
Exporting 8205400000 Screwdrivers,and parts thereof, base metal
Exporting 8205591000 Pipe tools and parts thereof, base metal
Exporting 8207901500 Files and rasps including rotary, interchangeable, and parts
Exporting 8467115020 Drills, except rock, screwdrivers and nut runners, rotary type,
pneumatic hand-directed
Exporting 8467115040 Wrenches, rotary type, pneumatic hand-directed tools
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Socket
wrench
Exporter Pipe tools
Exporter Files
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Belgium
Exporting to Europe
Exporting to Germany
Exporting to Middle East
Exporting to Netherlands
Exporting to North America
Exporting to Norway
Exporting to Sweden
Exporting to Switzerland
Exporting to UAE
Exporting to USA
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%)