MIRA
INFORM REPORT
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Report Date : |
23.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
KONSTE ENTERPRISE CO LTD |
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Registered Office : |
350-13 Chin Hsing Rd Taishan Hsiang Taipei Hsien 243 |
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Country : |
Taiwan |
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Date of Incorporation : |
10.07. 2007 |
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Com. Reg. No.: |
28692790 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing a range of seat cushion and other related house ware
accessories. 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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Status : |
New and Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
KONSTE
ENTERPRISE CO LTD
350-13 CHIN HSING RD TAISHAN HSIANG
TAIPEI HSIEN 243, TAIWAN
TEL: 886-2-22976819 FAX: 886-2-22965320
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 10, 2007
REGISTRATION NO. :
28692790
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. LIANG-CHANG LIN (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 33,168
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
BELOW AVERAGE
RECOMM. CREDIT RANGE : C.O.D.
TO SMALL AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY 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
Registered Legal Address: 2Fl, 120 Ta Tung Rd Shihlin Dist Taipei City
111
*Office & Facilities*
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Size : 53 sq meters (Approx)
Location : Centra Business District (CBD)
Property status : Rented
Type of building :
Semi-residential Building
*Factories, Size & Locations*
======================
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 family-owned business
mainly operated and managed by the owners.
*Reputation*
==========
Due to the recent incorporation of the firm, and the relatively small
nature of it's business, no meaningful points of reference in terms of
reputation within the respective industry was possible.
SC is not known to host website of its own at present.
E-mail: yinfu@seed.net.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. Liang-chang Lin Taiwan n/a n/a 99.00
Undisclosed Shareholders n/a n/a n/a 1.00
Management: Ms. Chin-liang Chiu,
Executive
Mr. Liang-chang Lin, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Chin-liang Chiu Taiwanese
Executive Sales & Marketing
Mr. Liang-chang Lin Taiwanese
General Manager -
*COMPANY DIRECTORS*
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1
Name :
Mr. Liang-chang Lin
Nationality :
Taiwan
Country of Residence : Taiwan
*Main Products & Services*
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Specializes in the following areas of work
1. Importing a range of seat cushion and other related house ware
accessories.
2. Domestic sales of its imported products.
Products: Canvas seats
Chair
cushions
Floor mats
*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
*Competitors*
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The following locally based firms supply similar range of products
- EURO-PRO ENTERPRISE LTD
- MULTISHINE CO LTD
- SUNRI CO LTD
- DILAN INT'L CORP
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*International Trade Activity*
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Note: The company plans to offer its products in the international
market in the future.
*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.
NOTE:
At the time of performing this report, the 2007 export figures had not
yet been released by the Ministry of Economic Affairs which monitors exports
and imports.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 5 OBTAINED SCORES :
30
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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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
Additionally as the company was only established nine (9) months ago no
financials have been lodged.
*BANK DETAILS*
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Bank Name : CHANG
HWA COMMERCIAL BANK LTD
Branch :
Central Dist,Taichung City
Branch Address : 38 Tzu
Yu Rd Section 2
SWIFT Code :
CCBCTWTP
Bank Name : FIRST
COMMERCIAL BANK CO LTD
Branch :
Chungcheng Dist,Taipei City
Branch Address : 10Fl,
30 Chungking South Rd Section 1
SWIFT Code :
FCBKTWTP
SC was established in 2007, and its credit has not been established yet.
A credit line at the above amount appears beyond SC’s capacities. Credit
dealings with SC are recommended under secured terms at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2392 Housefurnishings,
Importing 3639 Household
appliances, and parts,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 4016910000 Floor coverings and mats, of vulcanized rubber other than hard
rubber
Importing 9401 Seats
(except barber, dental, etc), and parts
Importing 9401693000 Chairs, except upholstered with wooden frames
Importing 9401806010 Household seats
Importing 9404904000 Pillows, cushions, and similar furnishing
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%)