MIRA
INFORM REPORT
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Report Date : |
04.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
TA TUN ELECTRIC WIRE & CABLE CO LTD |
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Registered Office : |
3, Lane 349, Mei Shih Rd Section 2 Yangmei
Chen, Taoyuan HsIEN 326 |
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Country : |
Taiwan |
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Date of Incorporation : |
16.07.1962 |
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Com. Reg. No.: |
18523000 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and local purchase of raw materials used in production. Research and development of technologies related to wires and cables. Manufacture of various types
of wires and cables. |
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 800,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
TA
TUN ELECTRIC WIRE & CABLE CO LTD
3, LANE 349, MEI SHIH RD SECTION 2 YANGMEI
CHEN
TAOYUAN HSIEN 326, TAIWAN
TEL: 886-3-4818138 FAX: 886-3-4810522
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 16, 1962
REGISTRATION NO. :
18523000
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CHIH-MING LIN (CHAIRMAN)
STAFF STRENGTH :
150
CAPITAL :
US$ 19,565,217
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 800,000
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
*OTHER LICENSE*
================
License Number : 9962243300
Date of Registration : 28 June, 1994
Issuing Authority : Ministry of Economic Affairs
*Licenses & Permits*
================
License number : 9962243300
Date issued : 28 June,
1994
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
*Capital Details*
=============
Authorized capital : NTD 630,000,000.00
Paid-up capital : NTD
360,000,000.00
*Office & Facilities*
===============
Previous Contact Details
-----------------------------------
(1)
Address : 328 Yung Feng
Rd Chia Tung Vill Pa Teh Hsiang Taoyuan
Tel no. :
3-3670388
Fax no. :
3-3670391
(2)
Address : 6Fl, 145
Chungshan Rd Linkou Hsiang Taipei Hsien 244
Tel no. :
2-86013412
Fax no. : 2-86013441
(3)
Address : 6Fl, 205
Virtuoso Enterprise Bldg 380 Fu Hsing South Rd Section 1, 106 Taipei City
Tel no. :
2-27316550
Fax no. :
2-27812678
*Factories, Size & Locations*
=======================
Size :
25,619 square meter(Approx)
Location : Taoyuan
Hsien
Type of building : Industrial building
Property status : Owned by TA
TUN ELECTRIC WIRE & CABLE CO LTD
Comments : Serves as
office and factory
*Corporate & Organization Structure*
============================
A medium sized company operated and managed by an experienced team of
professionals.
*Sales Ranking*
============
Details of Rank are as follows
Year Rank
------ ------
1998 917
1997 822
1996 -
*Auditors*
=========
- CHENG CHUNG & CO
www.tewc.com.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: ysyyu@tewc.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: 4
Total number of shares: n/a
Shareholders Country Number Amount (NTD) %
Ms. Chin-lien Hung Taiwan n/a n/a n/a
Ms. Mei-ling Lin Taiwan n/a n/a n/a
Ms. Ya-ling Lee Taiwan n/a n/a n/a
Mr. Chih-ming Lin Taiwan 35,988,571.00 n/a n/a
Management: Mr. Chih-ming Lin, General Manager
Name Nationality
Job Description
Mr. Chih-ming Lin Taiwanese
General Manager
*COMPANY DIRECTORS*
====================
1
Name : Mr. Chih-ming Lin
Nationality : Taiwanese
Country of Residence : Taiwan
2
Name : Mr. Jason Peng
Nationality : Taiwanese
3
Name : Ms. Mei-ling Lin
Nationality : Taiwanese
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Import and local purchase of raw materials used in production.
2. Research and development of technologies related to wires and cables.
3. Manufacture of various types of wires and cables.
4. Sales and distribution of products to both local and international
markets.
Products: Cables, telecommunications
Copper foil
EPR cables
EPR insulated
cables
Electric
cables
*Payment Terms*
==============
Sales
------
Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : 30-90 days credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Open account /DA
terms with settlement using Telegraphic/Transfer (T/T)
*Quality Certification*
==================
Conformed with the following :
- CNS
- UL
- CSA
- A mark
*Exhibition Participation*
====================
Exhibition fair : Taipei
International Computer Show 2002
Location : Taipei
World Trade Center - Exhibition Hall
Dates attended : 3-7 June, 2002
*Competitors*
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The following locally based companies supply similar range of products :
- CHUNG KWANG ELECTRIC WIRE & CABLE CO
- DER AN ELECTRIC WIRE & CABLE CO LTD
- LUCKY UNITED ELECTRIC WIRE & CABLE CO LTD
- PACIFIC ELECTRIC WIRE & CABLE CO LTD
- TA CHUAN ELECTRIC WIRE & CABLE CO LTD
*Local Distribution Network*
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Approximately 90% annual turnover is attributed to local sales.
*Export Markets*
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Approximately 10% annual turnover is attributed to export.
*International Trade Ranking*
======================
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
----- ------
1997 2518
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES :
74
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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.
Note :
Date: 15 November, 2007
TA TUN ELECTRIC WIRE & CABLE CO LTD terminated its sales of public
traded shares on the Taiwan Securities and Futures Commission, Ministry of
Finance R.O.C.
As of the date above and due to the change in legal form of the company,
there is no longer a legal requirement for public disclosure of detailed
financials.
Although financial summaries were obtained for reference.
*BANK DETAILS*
===============
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 Ratios*
==============
Year
Shareholder's Return
on Return on Return on Debt to
Equity
(NTDM) Sales (%) Equity (%) Assets(%) Assets(%)
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----------------------
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----------------
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1998 1436.00 16.80 10.10 8.58 15.03
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
1998 $28,766,666.67 $56,333,333.33 $4,833,333.33
2003 $26,444,953.86 $45,228,575.55 $2,128,143.02
2004 $37,263,157.89 $51,609,022.56 $3,488,721.80
2005 $53,997,377.57 $61,957,977.88 $5,262,496.05
2006 $49,365,175.33 $61,064,087.06 $4,133,917.78
2007 $42,245,021.12 $63,367,531.68 $2,112,251.06
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports Total
1996 $3,800,000.00 $2,700,000.00 $6,500,000.00
1997 $2,400,000.00 $3,000,000.00 $5,400,000.00
1998 $5,900,000.00 $3,200,000.00 $9,100,000.00
2005 $10,984,397.12 $4,110,415.99 $15,094,813.11
2006 $5,400,000.00 $3,150,000.00 $8,550,000.00
2007 $2,910,000.00 $1,890,000.00 $4,800,000.00
SC is considered medium-sized in its line with a development history of
46 years. The above credit amount appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3674 Semiconductors
and related devices, and parts,
Importing 3331
Smelter and refined copper
Importing 3496 Fabricated
wire products,
Manufacturing 3357 Nonferrous
metal wire and cable, drawn and insulated
Manufacturing 3495 Wire
springs
Manufacturing 3496 Fabricated
wire products,
Manufacturing 3643 Current-carrying
wiring devices
Manufacturing 5063 Electrical
Equip/Wiring
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8544592080 Insulated electric conductors of copper
Importing 3901200000 Polyethylene having a specific gravity of 0.94 or more
Importing 7410110000 Copper foil, not backed, of refined copper
Importing 7614901000 Stranded wire,cables, plaited bands a smlr, w/o steel core, not
fitted with fittings a not made up into articles
Manufacturing 5609 Art
of yarn like of head 5404/5405 twine or cable
Manufacturing 7217 Wire
of iron & nonalloy steel
Manufacturing 7229909000 Other
wire of other alloy steel
Manufacturing 8536690050 Ribbon
or flat cable connectors
Manufacturing 8544 Insulated
wire, cable etc; opt sheath fib cables
Manufacturing 8544200000 24sulated
coaxial cable and coaxial electrical conductors
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Power cables
Manufacturer Flexible &
special cables
Manufacturer Electric
cables
Manufacturer Electrical
wires
Manufacturer XLPE wires,
low-voltage
Manufacturer EPR cables
Manufacturer EPR insulated
cables
Manufacturer Rubber cord
products
Manufacturer Rubber cords
Manufacturer Welding cables
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Exporting,Importing
Europe Importing
North America Exporting,Importing
Austria Importing
China Exporting
Hong Kong Exporting
Japan Exporting,Importing
South Korea Importing
Thailand Exporting
USA Exporting,Importing
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%)