MIRA
INFORM REPORT
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Report Date : |
04.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHING TAI ELECTRIC WIRE & CABLE CO LTD |
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Registered Office : |
5 Hua Cheng Rd Hsinchuang City Taipei Hsien 242 |
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Country : |
Taiwan |
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Date of Incorporation : |
29.04.1963 |
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Com. Reg. No.: |
35465807 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Research and development of various range of lan cables, display
cables and related electronic products. Local purchasing and importing of various types of aluminum hydroxide,
polypropylene and related raw materials for in-house use |
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 500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
CHING
TAI ELECTRIC WIRE & CABLE CO LTD
5 HUA CHENG RD HSINCHUANG CITY TAIPEI HSIEN
242, TAIWAN
TEL: 886-2-29940447 FAX: 886-2-29940446
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 29, 1963
REGISTRATION NO. :
35465807
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. DAVID TAI-LUNG YEH (CHAIRMAN)
STAFF STRENGTH :
147
CAPITAL :
US$ 16,597,550
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2007)
EQUITIES :
N/A (AS OF DEC. 31, 2007)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 500,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.54578 = 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
*Company History*
===============
1963 -
Founded & supplied galvanized carbon steel wires to national market.
1981 -
Began its transformation to electronics wires & cables and started Coaxial
Cables &
Computer
Cables production
1990 -
Began manufacturing LAN cable for computer industry.
*Licenses & Permits*
=================
License number :
9960590200
Date issued : 29
November, 1989
Issuing authority :
Industrial Development Bureau, MOEA
*Office & Facilities*
================
Size :
10,899 square meter (Approx)
Location : Taipei
County
Property status : Owned by
CHING TAI ELECTRIC WIRE & CABLE CO LTD
Type of building : Industrial
building
Comments : Serves as
office and factory
Other Contact Details
-----------------------------
Tel no :
2-22762990
E-mail address : -
chris@cticable.com.tw
- elisa@citicable.com.tw
- cti_exp1@cticable.com.tw
- winson@cticable.com.tw
*Corporate & Organization Structure*
=============================
A medium sized company operated and managed by an experienced team of
professionals.
www.cticable.com.tw
The design is professional and the content is well organized. At present it is
in English version.
E-mail: cti@cticable.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: 4
Total number of shares: 18,894,069
Shareholders Country Number Amount %
Mr. Tai-teh Yeh Taiwan 7,623,643.00 n/a 40.35
Mr. David Tai-lung Yeh Taiwan 4,469,428.00 n/a 23.66
Mr. Chen-hsuan Yeh Taiwan 4,261,178.00 n/a 22.55
Mr. Ping-feng Yeh Taiwan 2,539,820.00 n/a 13.44
Management: Mr. Tai-teh Yeh,
General Manager
Mr. Chen-hsuan Yeh, Representative
Name Nationality
Job Description
Mr. Tai-teh Yeh Taiwanese
General Manager
Mr. Chen-hsuan Yeh Taiwanese Representative
*COMPANY DIRECTORS*
=====================
1
Name : Mr. David Tai-lung Yeh
Nationality : Taiwanese
Country of Residence : Taiwan
*Main Products & Services*
======================
Specializes in the following areas of works:
1. Research and development of various range of lan cables, display
cables and related electronic products.
2. Local purchasing and importing of various types of aluminum
hydroxide, polypropylene and related raw materials for in-house use.
3. Manufacturing a wide range of conductors, medical cables and related
electronic products and equipment.
4. Selling of products to local and international markets.
Products: Aluminum hydroxide
Cable
assemblies
Coaxial cables
Communication cables
Communication
products
*Brand*
======
CTI
*Payment Terms*
==============
Sales
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Local : 30 - 90 days credit
Cash
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
-------------
Local : 30-90 days credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Quality Certification*
=================
Obtained the following certifications:
Year Type of certification
------- ------------------------------
1981 - UL
1982 - CSA
1996 - ETL, UL Cat.5 U/UTP
solid cable, ISO 9002 UL, IECQ
1997 - UL, Cat.5 U/UTP stranded cable
1998 - ETL, Cat.5 F/UTP solid
cable
2000 - ETL, Cat.5e U/UTP
solid cable; Cat.5e U/UTP stranded cable
2001 - ETL, Cat.6 U/UTP solid
cable; Cat.6 U/UTP stranded cable
2002 - ETL, Cat.6 S/FTP solid
cable
2003 - ETL, Cat.5e F/UTP
solid cable
2004 - DELTA Cat.6 U/UTP
patch cord; Cat.6 S/FTP patch cord
2005 - ETL, Cat.6 F/UTP solid
cable
2006 - ATC HDMI cable
assembly 10M component tested
2007 - Sony Green Partner;
HDMI REV1.3A cable assembly CAT2 5M
*Production Capacity*
==================
Item Current Capacity
% of production
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LAN cable & patch cords 60
RGB monitor cable & LCD monitor cable 25
Medical equipment cable 10
RF coaxial cable, USB cable, & IEEE1394 cable 5
*Machinery & Equipment*
=====================
Machinery/ Equipment include:
- NETWORK ANALYSER
- TDR
- XRF ELEMENT ANALYSER
- ATOMIC ABSORBTION SPECTROMETER
- IEC60332-1 Flame test
- UL CM Flame test
*Exhibition Participation*
====================
Participated in the following local exhibitions:
(1)
Exhibition fair : Taipei
International Electronics Spring Show
Dates attended : 25-29 March, 1999
Location : Taipei
World Trade Center Exhibition Hall
(2)
Exhibition fair : Taipei
International Electronic Show
Dates attended : 8-12 October, 1999
Location : Taipei
World Trade Center Exhibition Hall
(3)
Exhibition fair : Taipei
International Computer Show
Dates attended : 5-9 June, 2000
Location : Taipei
World Trade Center - Exhibition Hall
(4)
Exhibition fair : Taipei International Electronic Show
Dates attended : 9-13 October, 2000
Location : Taipei
World Trade Center
(5)
Exhibition fair : Taipei
International Computer Show 2001
Dates attended : 4-8 June, 2001
Location : Taipei World
Trade Center - Exhibition Hall
(6)
Exhibition fair : Computex
Taipei 2002
Dates attended : 3-7 June, 2002
Location : Taipei
World Trade Center - Exhibition Hall
(7)
Exhibition fair : TAITRONICS -
Finished Products Show
Dates attended : 16-20 October, 2002
Location : Taipei
World Trade Center - Exhibition Hall
(8)
Exhibition fair : The 2003
Taipei International Computer Show (COMPUTEX TAIPEI 2003)
Dates attended : 2-6 June, 2003
Location : Taipei
World Trade Center (TWTC)
(9)
Exhibition fair : Taipei
International Electronics Show (TAITRONICS - Components & Equipment)
Dates attended : 8-12 October, 2004
Location : Taipei
World Trade Center - Exhibition Hall
(10)
Exhibition fair : TAITRONICS AUTUMN
- Taipei Int'l Electronics Autumn Show
Dates attended : 11-15 October, 2005
Location : Taipei
World Trade Center (TWTC)
(11)
Exhibition fair : TAITRONICS
AUTUMN - Taipei Int'l Electronics Autumn Show
Dates attended : 9-13 October, 2006
Location : Taipei
World Trade Center (TWTC)
*Association*
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Member of :
- Taipei Computer Association
*Competitors*
===========
The following locally based companies supply similar range of products:
- A-TEC SUBSYSTEM INC
- CHENG UEI PRECISION INDUSTRY CO LTD
- EVERTOP WIRE CABLE CORP
- YFC-BONEAGLE ELECTRIC CO LTD
- HONG TAI ELECTRIC INDUSTRIAL CO LTD
- SUNF PU TECHNOLOGY CO LTD
*Local Distribution Network*
=======================
An estimated 24% of the annual turnover is attributed to local
sales.
*Export Markets*
==============
An estimated 76% of the annual turnover is attributed to export.
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : DONGGUAN CHING TAI ELECTRIC WIRE & CABLE CO LTD
Address : Yuan Shan Bei Changping Dongguan Guangdong China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Electrical Equipment & Appliances
*Subsidiaries, Joint-ventures & Affiliates*
================================
Maintains factories in China with the following details :
Ching Tai in Dongguan, China
-----------------------------------------
Employees : 200
Description : Generalized cables, such as Cat.5e cables, Monitor cables,
KVM cables, & USB cables in order to supply local cable assembly companies
in China.
Yuan Tai in Dongguan, China
---------------------------------------
Employees : 4,600
Description : Specializing in cable assembly manufacturing.
PAYMENT RATING : 3 OBTAINED SCORES :
71
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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 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 : Chungcheng Dist,Taipei City
Branch Address : 120 Chung Ching South Rd Section 1 Chungcheng Dist
Taipei City 100 (Head Office)
SWIFT Code : BKTWTWTP
Bank Name : FIRST COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,Taipei City
Branch Address : 10Fl, 30 Chungking South Rd Section 1 Chungcheng Dist
Taipei City 100 (Head Office)
SWIFT Code : FCBKTWTP
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
2007 $37,417,018.71 $15,691,007.85 $1,146,650.57
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports Total
2005 $1,537,966.00 $13,819,223.98 $15,357,189.98
2006 $1,509,997.01 $23,564,154.99 $25,074,152.00
2007 $2,118,724.98 $28,379,312.98 $30,498,037.96
SC is considered large-sized in its line with a development history of
45 years. The above credit amount appears to be beyond SC’s capacities, while a
credit line up to USD 500,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3571 Electronic
computers
Manufacturing 3572 Computer
storage devices
Manufacturing 3577 Computer
peripheral equipment, and parts,
Manufacturing 3643 Current-carrying
wiring devices
Manufacturing 3679 Electronic
components,
Manufacturing 5065 Electronic
Parts/Equip, NEC
Trading 3679 Electronic
components,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2818300000 Aluminum hydroxide
Importing 3901200000 Polyethylene having a specific gravity of 0.94 or more
Importing 3902100000 Polypropylene
Importing 8477900010 Parts of injection-molding machines for rubber or plastics
Manufacturing 8471 Automatic
data process machines; magn reader, etc. computer hardware
Manufacturing 8473 Parts
etc for typewriters & other office machines computer accessories
Manufacturing 8536690010 Electrical
connectors, coaxial type, for a voltage not exceeding 1,000 v
Manufacturing 8536690040 Electrical
connectors, printed circuit type
Manufacturing 8542800000 Electronic
integrated circuits , and microassemblies
Manufacturing 8544 Insulated
wire, cable etc; opt sheath fib cables
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Computer
peripherals
Manufacturer Computer components
Manufacturer Networking
products
Manufacturer Ethernet,
fiber-optics
Manufacturer Plastic cable
assembly parts
Manufacturer Computer
cables
Manufacturer Electronic
components
Manufacturer Computer
accessories
Manufacturer Connectors
Manufacturer Wires &
cables
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main
Trading Activity
Asia / Pacific Exporting,Importing
Europe Exporting,Importing
Middle-East Exporting
North America Exporting,Importing
Pacific Exporting
Australia Exporting
Austria Importing
Belgium Exporting
Cambodia Exporting
Chile Exporting
China Exporting,Importing
Colombia Exporting
Denmark Exporting
Egypt Exporting
France Exporting
Germany Exporting,Importing
Hong Kong Exporting
India Exporting
Ireland Exporting
Israel Exporting
Italy Exporting
Japan Exporting
Kuwait Exporting
Myanmar Exporting
New Zealand Exporting
Pakistan Exporting
Peru Exporting
Poland Exporting
Singapore Exporting
South Africa Exporting
South Korea Exporting
Swaziland Importing
Sweden Exporting,Importing
Thailand Exporting
USA Exporting,Importing
United Arab Emirates Exporting
United Kingdom Exporting
Vietnam Exporting
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.69 |
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UK Pound |
1 |
Rs.72.96 |
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Euro |
1 |
Rs.63.46 |
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%)