MIRA
INFORM REPORT
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Report Date : |
05.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
YU-TING INDUSTRIAL CO LTD |
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Registered Office : |
291 Jiun-Sheng St Shulin City Taipei Hsien 238 |
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Country : |
Taiwan |
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Date of Incorporation : |
15.05.2000 |
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Com. Reg. No.: |
70506946 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importation of Raw Materials used in stainless steel production. Processing of imported materials into a range of value-added stainless
steel materials. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 600,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
YU-TING
INDUSTRIAL CO LTD
291 JIUN-SHENG ST SHULIN CITY
TAIPEI HSIEN 238, TAIWAN
TEL: 886-2-86881808 FAX: 886-2-86881806
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
15, 2000
REGISTRATION NO. :
70506946
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. ERIC JUI-YU HUANG (CHAIRMAN)
STAFF STRENGTH :
40
CAPITAL :
US$ 3,251,232
BUSINESS LINE :
MANUFACTURER & TRADER
TURNOVER :
$187,235,968.62 (AS OF 2007)
EQUITIES :
N/A
PAYMENT :
ABOVE AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 600,000
MARKET CONDITION :
COMPETITIVE
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
*Licenses & Permits*
================
License number : 9960070900
Date issued : 24 July,
2001
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
*Office & Facilities*
===============
Size
: 1,473 sq. meters (Approx.)
Location :
Outer suburb of Taipei city
Facilities : Modern
Property status :
Rented
Type of building :
Industrial building
Comments :
Serves as office and factory
Other contact details
----------------------------
Tel no. : 2-86881660
Fax no. : 2-26762486
Previous Address : 21 Wu Chung 8th Rd Wuku Hsiang Taipei Hsien
Taiwan
*Corporate & Organization Structure*
=============================
Medium sized company operated and managed by an experienced team of
professionals.
Organizational Chart
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President
_____________________________|__________________________________
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Export Dept. Domestic Dept. Production Financial Dept.
Processing Dept.
| Control Dept.
Shipping Dept. |
Transportation Dept.
*Industry Ranking*
==============
Generally regarded as one of the Top 1000 Companies in Manufacturing
Industry of Taiwan.
Details of rank are as follows:
Year Rank
------- ---------
2005 681
2006 468
2007 392
www.yuting.com.tw The design is
professional and the content is well organized. At present it is in both
Chinese and English versions.
E-mail: sales@yuting.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: 4
Total number of shares: 3,314,561
Shareholders Country Number Amount %
Mr. Eric Jui-yu Huang Taiwan 1,661,307.00 n/a 50.12
Mr. Chieh-yuan Wang Taiwan 874,420.00 n/a 26.38
Mr. Chun-tse Cheng Taiwan 591,928.00 n/a 17.86
Mr. Chieh Chang Taiwan 186,906.00 n/a
5.64
Management: Ms. Debby Chiu,
Executive
Ms. Joanne Huang, Manager
Mr. Eric Jui-yu Huang, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Debby Chiu Taiwanese
Executive Sales
Ms. Joanne Huang Taiwanese Manager Sales
Mr. Eric Jui-yu Huang Taiwanese
General Manager -
*COMPANY DIRECTORS*
======================
1
Name :
Mr. Eric Jui-yu Huang
Nationality :
Taiwanese
Country of Residence : Taiwan
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Importation of raw materials used in stainless steel production.
2. Processing of imported materials into a range of value-added
stainless steel materials.
3. Exporting and domestic sales of finished and semi-finished steel
materials.
Production process includes:
- precision slitting
- surface polishing
- metal treatment
Product also include Ferritic-Austenitic (Duplex) stainless steel
Products: Austenitic stainless steel
Cold rolled
steels
Flat-rolled
stainless steel
Hot-rolled
steel
Martensitic
*Brand*
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YT
*Payment Terms*
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Sales
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Local : Cash or credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash or credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Quality Certification*
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Type of certification : Mill Test Certificate
Details :
A certification for Stainless steel sheet and coil products
*Associations*
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Member of :
- Taiwan Steel & Iron Industries Association
*Competitors*
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The following locally based companies supply similar range of products :
- CHAIN CHON INDUSTRIAL CO LTD
- CHUN YUAN STEEL INDUSTRY CO LTD
- WU JII INDUSTRY CO LTD
- ACERS STEEL INDUSTRIAL CO LTD
- SHENG YU STEEL CO LTD
*Local Distribution Network*
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32% annual turnover is attributed to local sales
*Export Markets*
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68% annual turnover is attributed to export.
*International Trade Ranking*
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The firm has been ranked among Taiwan's Top Importers/Exporters based on
the standard measured by the
Board of Foreign Trade (BOFT) :
Details of rank are as follows :
Year Rank
------ -------
2004 1658
2005 1266
2006 541
*(Subsidiaries, Joint-ventures & Affiliates)
=========================
Company Name :
JASON & CO LTD
Address : 8Fl Daewoo
Foundation Bldg 526 Namdaemunro 5-ga Chung-gu Seoul 100714 South Korea
Country :
South Korea
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Trader
Industry :
Metals & Metal Products
PAYMENT RATING :
2 OBTAINED SCORES : 75
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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 MODERATE
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*
==============
Bank Name :
BANK OF TAIWAN
Branch :
Shulin City
Branch Address :
29 Wen Hua St
SWIFT Code :
BKTWTWTP
Bank Name :
CHANG HWA COMMERCIAL BANK LTD
Branch :
Shulin City
Branch Address :
135 Chung Shan Rd Section 1
SWIFT Code :
CCBCTWTP
Bank Name :
MEGA INT'L COMMERCIAL BANK CO LTD
Branch :
Shulin City
Branch Address :
217 Chung Shan Rd Section 1
SWIFT Code :
ICBCTWTP
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
2005 $66,477,093.21 $11,060,537.12 $5,036,303.32
2006 $136,487,303.51 $16,475,211.61 $884,220.07
2007 $187,235,968.62 $16,626,433.31 $264,634.88
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports Total
2003 $220,000.00 $8,120,000.00 $8,340,000.00
2004 $270,000.00 $20,410,000.00 $20,680,000.00
2005 $1,010,000.00 $27,820,000.00 $28,830,000.00
2006 $299,292.99 $78,778,576.00 $79,077,868.99
2007 $340,000.00 $127,600,000.00 $127,940,000.00
SC is considered medium-sized in its line with a development history of
8 years. Taking into consideration of SC’s general performance, a credit line
up to USD 600,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 331207 Steel
Plate/Sheet/Strip
Manufacturing 3325 Steel
Foundries, NEC
Manufacturing 3444 Sheet-metal
structure parts,
Manufacturing 3499 Fabricated
metal products,
Service 5051 Metals
Svc Centers & Offices
Trading 331207 Steel Plate/Sheet/Strip
Trading 3316 Cold-Rolled
Steel Products
Trading 3325 Steel
Foundries, NEC
Trading 3444 Sheet-metal
structure parts,
Trading 3499 Fabricated
metal products,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 7216900000 Angles, shapes and sections iron or nonalloy steel
Exporting 721911 Flat
rolled products of stainless steel of a width of 600mm or more; hot-rolled in coils;
thickness exceeding 10mm
Exporting 721912 Flat
rolled products of stainless steel of a width of 600mm or more; hot-rolled in
coils; of a thickness of 4.75mm or more but not exceeding 10mm
Exporting 721913 Flat
rolled products of stainless steel of a width of 600mm or more; hot-rolled in
coils; of a thickness of 3mm or more but not exceeding 4.75mm
Exporting 7219210000 Flat-rolled stainless steel 600mm wide or more hot-rolled not
coiled over 10mm thick
Exporting 7219220000 Flat-rolled stainless steel 600mm or more wide hot-rolled not
coiled 4.75 but not over 10mm thick
Exporting 7219230000 Flat-rolled stainless steel 600mm or more wide hot-rolled not
coiled 3 to under 4.75mm thick
Exporting 7219240000 Flat-rolled stainless steel 600mm or more wide hot-rolled not
coiled less than 3mm thick
Exporting 721931 Flat
rolled products of stainless steel of a width of 600mm or more; cold-rolled; of
a thickness of 4.75mm or more
Exporting 721932 Flat
rolled products of stainless steel of a width of 600mm or more; cold-rolled; of
a thickness of 3mm or more but less 4.75mm
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Martensitic
Manufacturer Austenitic
stainless steel
Manufacturer Precision
slitting
Service Tension leveling
Service Surface polishing
Trader Metals
Trader Cold rolled
steels
Trader Hot-rolled
steel
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Africa Exporting
Asia / Pacific Exporting,Importing
Europe Exporting,Importing
Middle-East Exporting
North America Exporting
Bahrain Exporting
Bangladesh Exporting
Belgium Exporting,
Importing
Brazil Exporting
China Exporting
Cyprus Exporting
Ecuador Exporting
Egypt Exporting
El Salvador Exporting
Finland Importing
Germany Exporting
Greece Exporting
Hong Kong Exporting
India Exporting
,Importing
Indonesia Exporting
Iran Exporting
Italy Exporting
Jordan Exporting
Kuwait Exporting
Malaysia Exporting,
Importing
Mexico Exporting
Myanmar Exporting
Pakistan Exporting
Philippines Exporting
Russia Exporting
Saudi Arabia Exporting
Singapore Exporting
South Africa Exporting
South Korea Exporting
Sri Lanka Exporting
Syria Exporting
Thailand Exporting
Turkey Exporting
USA Exporting
Ukraine Exporting
United Arab Emirates Exporting
United Kingdom Importing
Vietnam Exporting
,Importing
Yemen (Sanna) Exporting
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%)