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MIRA
INFORM REPORT
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Report Date : |
04.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
TRI-OCEAIC PTE LTD (REPRESENTATIVE OFFICE) |
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Registered Office : |
1FL-2, 2 Yu Kang Chung 1st Rd Chienchen
Dist Kaohsiung City 806 |
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Country : |
Taiwan |
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Date of Incorporation : |
08.02.1988 |
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Com. Reg. No.: |
22819286 |
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Legal Form : |
Liaison/Representative Office of Overseas Company |
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Line of Business : |
Acts as an Administrative Office which Handles International Marketing
and Coordination of Activities with Overseas Clients. |
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 |
name & address
TRI-OCEAIC
PTE LTD (REPRESENTATIVE OFFICE)
1FL-2, 2 YU KANG CHUNG 1ST RD CHIENCHEN DIST
KAOHSIUNG CITY 806, TAIWAN
TEL: 886-7-8227225 FAX: 886-7-8227229
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 8, 1988
REGISTRATION NO. :
22819286
LEGAL FORM :
LIAISON/REPRESENTATIVE OFFICE OF OVERSEAS COMPANY
CHIEF EXECUTIVE :
MR. JERRY KUN-HO TSAI (GENERAL MANAGER)
STAFF STRENGTH :
15
CAPITAL :
N/A
BUSINESS LINE :
SERVICE
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 10,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.70718 = 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
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*Company Name *
===============
The English name of the Subject Business Entity is a randomly selected
translation made by the owners of the Subject Business Entity. It is not a
registered English corporate name, but simply a translation of the local language
name.
*Office & Facilities*
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Size : 70 sq. meters (Approx.)
Location : Center Business District (CBD)
Property status : Rented
Type of building : Commercial building
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www.trimarinegroup.com
The design is professional and the content is well organized. At present it is
in English version.
E-mail: jerrytsai@trimarinegroup.com
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For the past two years there is no record of litigation.
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*Major Shareholders*
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Total number of shareholders: 1
Total number of shares: N/A
Shareholders Country Number Amount
%
TRI-OCEAIC PTE LTD Singapore n/a n/a 100.00
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Management: Ms. Hsiu-yueh Wu,
Executive
Mr. Jemin Hou, Executive
Mr. Jerry Kun-ho Tsai, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Hsiu-yueh Wu Taiwanese Executive Human Resources
Mr. Jemin Hou Taiwanese
Executive Sales
Mr. Jerry Kun-ho Tsai Taiwanese
General Manager -
*COMPANY DIRECTORS*
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1
Name : Mr. Jerry Kun-ho Tsai
Nationality : Taiwanese
Country of Residence : Taiwan
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*Main Products & Services*
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Acts as an administrative office which handles international marketing and
coordination of activities with overseas clients.
Products: Administrative offices
International
marketing
Liaison office
*International Trade Activity*
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The firm's Taiwan business is limited to management of orders and
customer liaison. All products exports from other countries to customers. Hence there is no record of exports from
Taiwan.
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SC is not known to have any subsidiary at present.
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PAYMENT RATING : 3 OBTAINED SCORES :
55
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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.
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In accordance to local corporate law, an entity with a "liaison
office" license is not allowed to conduct any form of commercial dealings
or transactions. The sole purpose of a "liaison office" is to conduct
administrative matters on behalf of the Parent company.
Therefore, there are no financials applicable to this entity.
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SC is considered small-sized in its line with a development history of
20 years. The above credit amount appears to be beyond SC’s capacities, while a
credit line up to USD 10,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 7300 Business
Services
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9900 Business
services, health, financial/insur. legal/real estate, hotels, and misc repairs
Service 9967 Marketing
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.40 |
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UK Pound |
1 |
Rs.83.57 |
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Euro |
1 |
Rs.66.02 |
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%)