MIRA
INFORM REPORT
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Report Date : |
04.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
YFC-BONEAGLE ELECTRIC CO LTD |
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Registered Office : |
12-9, Lane 130, Chung Shan East Rd Section
2 Hsinwu Hsiang Taoyuan Hsien 327 |
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Country : |
Taiwan |
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Financials (as on) : |
2007 |
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Date of Incorporation : |
03.09.1983 |
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Com. Reg. No.: |
45911735 |
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Legal Form : |
Public Company |
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Line of Business : |
Manufacturing of LAN Cable and Optoelectronic Products. Sales and Distribution of Manufactured Products to Local and Overseas
Markets |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 2,500,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
YFC-BONEAGLE
ELECTRIC CO LTD
12-9, LANE 130, CHUNG SHAN EAST RD SECTION 2
HSINWU HSIANG TAOYUAN HSIEN 327, TAIWAN
TEL: 886-3-4778846 FAX: 886-3-4971692
EXECUTIVE SUMMARY
INCORPORATION DATE : SEPTEMBER
3, 1983
REGISTRATION NO. :
45911735
LEGAL FORM :
PUBLIC COMPANY
CHIEF EXECUTIVE :
MR. ANDREW CHUN-JUNG YEH (CHAIRMAN)
STAFF STRENGTH :
76
CAPITAL :
US$ 46,583,851
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NTD 1,857,915,000 (AS OF 2007)
EQUITIES :
NTD 1,802,334,000 (AS OF 2007)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 2,500,000
MARKET CONDITION :
COMPETIITVE
FINANCIAL CONDITION :
STABLE
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*
===============
1990 - Established Dongguan factory
in China
- Added high speed ethernet (100mbps), LAN cables, accessories and
optical patch cord
sets to its range of products.
1992 - Added production
line for FO patch cords.
1996 -
Added CAT 5 LAN cables to its range of products.
- Focused on international trade.
1997 -
Purchased specialized production and test equipment from Europe.
- Enlarged the production floor space from 1,650 sq. meters to 3,300 sq.
meters and the
office space from 130 sq. meters to 858 sq. meters.
- Used foam skin technology to develop CAT 6 and CAT 7 cables.
1998 -
Constructed another factory nearby to deal with the increased turnover.
- Began major investments in factory
rebuilding and the purchase of high performance
production machinery.
1999 -
Enlarged the factory site area because of immerging next door ground (1,270 sq.
meters).
- Participated in the research projects regarding optical communication
released from
Electronic and Optical Electronics Research Laboratory, ITRI and
regarding Wireless
communication from Information & Communication Research Laboratory,
ITRI.
2000 -
Established a dustless laboratory (667 sq. meters) to produce optical
communication
products.
July 2000 -
Transferred Electronics & Opt Electronics Research Laboratory, ITRI
finished technology.
2001 -
Moved YFC DG into new location.
2002 -
Established WUXI UNIVERSAL NETWORK CO in China.
- Obtained a license to sell products in China.
9 January, 2003 - Listed
as a public company under symbol YFC-BonEagle, ticker 6220.
2003 - Established ESTLINK B2B in Los Angeles,
USA.
- Started to produce LAN accessories in WUXI UNIVERSAL NETWORK CO in
China.
2005 -
Purchased more than 10 items of LAN related patents from Zeble.
2006 -
Shipped around 100 million power cords and networking products, whose total
length
can circle the earth several times.
*Company Name*
==============
Incorporated as : YUEH-FENG
ELECTRIC CO
Date of incorporation : 3 September, 1983
Changed name to :
YFC-BONEAGLE ELECTRIC CO LTD
Date of change : July
2000
*Licenses & Permits*
=================
License number : 9962119301
Date issued : 6 June,
1986
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory
license
*Capital Details*
=============
Authorized capital : NTD
1,500,000,000.00
Initial paid-up capital : NTD 12,000,000.00
Paid-up capital increases as follows :
Year
Amount (NTD)
------
---------------------
1990
29,500,000.00
1996
42,000,000.00
1997
60,000,000.00
1998 70,500,000.00
1999
147,780,000.00
2000
199,800,000.00
2001
350,000,000.00
2003
463,978,400.00
2006
751,661,670.00
2007
1,028,412,890.00
--
1,032,604,250.00
*Office & Facilities*
================
Size : 9,743
sq meters (Approx.)
Location : Taoyuan
Hsien
Type of building : Industrial
building
Property status : Owned by
company YFC-BONEAGLE ELECTRIC CO LTD
Comment : Serves as
office and factory 1
Other e-mails : -
eric@cables.com.tw
-
wallis@cables.com.tw
- yfcbe@ms15.hinet.net
-
nornia@cables.com.tw
-
jessie@cables.com.tw
-
conni@cables.com.tw
*Corporate & Organization Structure*
=============================
The company is listed on the OTC (Over-the-counter Exchange) but is
considered a "public company" belonging to the category of
"Shang gui" (Emerging Public companies).
Maintains the following departments:
- Optical Department
- Sales Department
*Industry Ranking*
===============
Generally regarded as one of the Top 5000 Companies in Manufacturing
Industry of Taiwan.
Details of rank are as follows:
Year Rank
------ -------
2005 1936
2006 1662
2007 1558
*Awards*
========
Received the following awards:
(1)
Award : Won a prize
for National Award of Small and Medium Enterprise
Awarded by : Small and Medium Enterprise Administration,
MOEA
Year : 2001
(2)
Award : Rising Star
Award
Year : 2000
(3)
Award : Outstanding
SME Award
Year : 2001
*Auditors*
=========
- KPMG, Cerified Public Accountants
*Registrar*
=========
- SINOPAC SECURITIES CORP
www.cables.com.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: yfcbe_sales@cables.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: 11
Total number of shares: N/A
Shareholders Country Number Amount %
Mr. Chun Chang Taiwan n/a n/a n/a
Mr. Chu-tzu Chang Taiwan 7,300,699.00 n/a n/a
Mr. Andrew Chun-jung Yeh Taiwan 5,773,483.00 n/a n/a
Mr. Jung-juang Cheng Taiwan 2,937,844.00 n/a n/a
Mr. Sen-fu Lin Taiwan 2,478,138.00 n/a n/a
Mr. Po-wei Lu Taiwan 2,073,070.00 n/a n/a
Mr. Chi-hung Hsieh Taiwan
1,825,939.00 n/a n/a
Mr. Ying-ming Ku Taiwan 1,637,941.00 n/a n/a
Mr. A-hui Chen Taiwan 898,907.00 n/a n/a
Mr. Han-tsung Lee Taiwan
331,523.00 n/a n/a
Mr. Wen-hsin Lai Taiwan 228,379.00 n/a n/a
Management: Mr. Chung-hsi Hsieh,
Director
Mr. Michael
Fan, Representative
Mr. Jung-kuang Chang, General Manager
Name Nationality
Job Description Dept. / Division
Mr. Chung-hsi Hsieh Taiwanese
Director Public Relations
Mr. Michael Fan Taiwanese
Representative Sales
Mr. Jung-kuang Chang Taiwanese General Manager -
Mr. Sen-fu Lin Taiwanese
General Manager -
Mr. Chi-hung Hsieh Taiwanese
Vice Director General -
Mr. Hsun-wei Hua Taiwanese
Vice General Manager -
Mr. Tai-wei Sung Taiwanese
Vice General Manager -
Mr. Ying-ming Ku Taiwanese
Vice General Manager -
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Andrew Chun-jung Yeh
Nationality : Taiwanese
Country of Residence : Taiwan
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Manufacturing a wide range of LAN cable and optoelectronic products.
2. Sales and distribution of manufactured products to local and overseas
markets.
Power cord products also include the following types:
- European
- T-mark
- SSA
Products: 1394 cable
1394 products
Bulk cable
Cable
assemblies
Cables
*Brand*
======
YFC-BONEAGLE
*Payment Terms*
==============
Sales
-------
Local : Cash
30-90 days credit
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)
Open account /DA
terms with settlement using Telegraphic Transfer (T/T)
*Production Capacity*
==================
Item : Lan Cable Series
Maximum capacity :
58,223 (NTD 1,000/Tons)
Current
capacity : 57,058 (NTD 1,000/Tons)
Year : 2007
*Detailed Product
Specifications*
==========================
Product : Unscreened and
screened cables
Type of
certifications : ISO /IEC, EIA/TIA, EN
Issuing
authority : 3P-Third Party Testing
Laboratory
Applications:
USB cables
---------------
- Series A plugs and
receptacles are to be used for those devices on which the external cable is
permanently attached to devices such as computers, keyboards, mice and hubs.
- Series B plugs and
receptacles are to be used for those devices that require an external connector
so that the USB cabling is detachable, such as printers, scanners, stand-alone
hubs, and modems.
Future LAN 250 -
Class E/CAT.6 250 Mhz
-------------------------------------------------------
In compliance with
all proposed category 6 requirements as per:
- ANSI/TIA/EIA,
ISO/IEC, and CENELEC EN Standards
- ANSI TIA/EIA 568-A
CAT.5
- ANSI TIA/EIA 568-A
Draft CAT.5e, CAT.6
- ISO/IEC 11801
CLASS E, 2nd edition
- CENELEC EN 50173,
2nd edition
- CENELEC EN 50288-5
(for screened cable)
- CENELEC EN 50288-6
(for unscreened cable)
PIMF 600 - Category
7-class F
---------------------------------------
In compliance with
all proposed category 7 requirements as per:
- ANSI/TIA/EIA,
ISO/IEC, and CENELEC EN standards
- ANSI TIA/EIA 568-A
CAT.5
- ANSI TIA/EIA 568-A
Draft CAT. 5E, CAT.6
- ISO/IEC 11801
CLASS E, 2nd edition
- CENELEC EN 50173,
2nd edition
- CENELEC EN
50288-4-1
- CENELEC EN
50288-4-2
- DIN 44312
*Quality
Certification*
=================
Obtained the
following certifications:
(1)
Type of
certification : ISO 9002
Issuing
authority : UL
(2)
Type of
certification : Testing Laboratory Verification
Issuing
authority : UL
Approved number : E164469
Also approved by the
following certification bodies:
- ISO 14000
- EICQ
- Fl
- OVE
- Kema Keur
- DVE
- CEBEC
- CSA
- ETL
- 3P
*Exhibition
Participation*
====================
Participated in the
following local exhibitions :
(1)
Exhibition fair : Taipei International Electronics Spring
Show '99
Dates attended :
25-29 March, 1999
Location : Taipei World Trade Center -
Exhibition Hall
(2)
Exhibition fair : Taipei International Electronics 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 -
Exhibition Hall
(5)
Exhibition fair : Taipei International DVD &
Optoelectronics Show 2001
Dates attended : 5-8
May, 2001
Location : Taipei World Trade Center - Exhibition Hall
(6)
Exhibition fair : Taipei International Computer Show
Dates attended : 4-8
June, 2001
Location : Taipei World Trade Center -
Exhibition Hall
(7)
Exhibition fair : OPTO TAIWAN 2001- International
Optoelectronics Exposition
Dates attended :
16-19 August, 2001
Location : Taiwan World Trade Centre -
Exhibition Hall
(8)
Exhibition fair : Taipei International Optoelectronics
Show
Dates attended :
25-29 April, 2002
Location : Taipei World Trade Center - Exhibition Hall
(9)
Exhibition fair : Taipei International Computer Show 2002
Dates attended : 3-7
June, 2002
Location : Taipei World Trade Center -
Exhibition Hall
(10)
Exhibition fair : Computex Taipei 2002
Dates attended : 3-7
June, 2002
Location : Taipei World Trade Center -
Exhibition Hall
(11)
Exhibition fair : Taipei International Telecommunications
and Networking Show
Dates attended :
23-26 August, 2002
Location : Taipei World Trade Center -
Exhibition Hall
(12)
Exhibition fair : Taipei International Electronic Show
Dates attended :
9-13 October, 2002
Location : Taipei World Trade Center -
Exhibition Hall
(13)
Exhibition fair : Taipei International Electronics Show
Dates attended :
16-20 October, 2002
Location : Taipei World Trade Center -
Exhibition Hall
(14)
Exhibition fair : Taipei International Optoelectronics
Show (TaipeiOpto 2003)
Dates attended :
18-22 April, 2003
Location : Taipei World Trade Center -
Exhibition Hall
(15)
Exhibition fair : Taipei International Optoelectronics
Show (TaipeiOpto 2004)
Dates attended :
7-11 April, 2004
Location : Taipei World Trade Center -
Exhibition Hall
(16)
Exhibition fair : Taipei International Telecommunications
& Networking Show
Dates attended :
26-29 August, 2004
Location : Taipei World Trade Center -
Exhibition Hall
(17)
Exhibition fair : TAITRONICS AUTUMN - Taipei Int'l Electronics
Autumn Show
Dates attended :
11-15 October, 2005
Location : Taipei World Trade Center (TWTC)
(18)
Exhibition fair : Taipei International Electronic Show
(TAITRONICS - Components & Equipment)
Dates attended :
8-12 October, 2004
Location : Taipei World Trade Center -
Exhibition Hall
(19)
Exhibition Fair : Computex Taipei 2008
Date Attended : 3-7
June, 2008
Location : Taipei Taiwan
*Associations*
============
Member of :
- Taiwan Computer
Association (TCA)
*Competitors*
===========
The following
locally based companies supply similar range of products :
- AC POWER CORP
- WELL SHIN
TECHNOLOGY CO LTD
- WINSTROL
INDUSTRIAL CO LTD
- CHIPPER-TECK CO
LTD
- EZHI TECHNOLOGIES
INC
- AXISOFT
TECHNOLOGIES INC
- DIALOGUE
TECHNOLOGY CORP
- SAN SHIH
ELECTRICAL ENTERPRISE CO LTD
- COMIX INT'L CO LTD
- WEKANG CO LTD
- HONG TAI ELECTRIC
INDUSTRIAL CO LTD
*Mergers &
Acquisitions*
=====================
Type : Merger
Parties
involved : PRIME (USA)
Year of transaction
: 2006
Details : The company, which is
the surviving entity, merged with PRIME of USA.
*Local Distribution
Network*
=======================
An estimated 77% of
the annual turnover is attributed to local sales.
*Export Markets*
==============
An estimated 23% of
the annual turnover is attributed to export.
Breakdown of exports
as per country/region :
Country/Region % of Export
----------------------- ----------------
Europe 60
USA 20
Asia 20
*International
Exhibition Participation*
=============================
Participated in the
following international exhibitions:
(1)
Exhibition fair : Optical Fiber Communication Conference
and Exhibit 2001
Dates attended :
17-22 March, 2001
Location : Anderson, California
(2)
Exhibition fair : CeBit Show 2001
Dates attended :
22-28 March, 2001
Location : Hannover, Germany
(3)
Exhibition fair : NETWORLD + INTEROP
Date attended : 8-10
May, 2001
Location : Las Vegas, USA
(4)
Exhibition fair : Cebit Show 2008
Dates attended : 4-9
March, 2008
Location : Hannover Germany
(5)
Exhibition fair : 2008 International Hardware
Fair/Practical World
Dates attended :
9-12 March, 2008
Location : Cologne Germany
(6)
Exhibition fair : Convergence India
Dates attended :
19-21 March, 2008
Location : Delhi India
(7)
Exhibition fair : Hongkong Electronics
Dates attended :
14-17 April, 2008
Location : HK Comvention and Exhibition
Centre
(8)
Exhibition fair : Abu Dhabi Building Futures Gulf by
BATIMAT 2008
Dates attended :
20-23 April, 2008
Location : Abu Dhabi
(9)
Exhibition fair : NMW 2008
Dates attended :
27-30 May, 2008
Location : Sydney
(10)
Exhibition fair : 19th Communic Asia
Dates attended :
17-20 June, 2008
Location : Singapore
(11)
Exhibition fair : INTEROP Sao Paulo 2008
Dates attended :
12-14 August, 2008
Location : Sao Paulo Brazil
(12)
Exhibition fair : IFA 2008
Dates attended : 29
August -3 September, 2008
Location : Berlin Germany
(13)
Exhibition fair : GITEX TECHNOLOGY WEEK 2008
Dates attended :
19-23 October, 2008
Location : Dubai
*LOCAL BRANCHES
& MANAGEMENT*
================================
Branch :
YFC-BONEAGLE ELECTRIC CO LTD - HSIHCHIH CITY
Branch Address : D
10F-2, 81 Hsin Tai 5th Rd Section 1 Hsihchih City, Taipei Hsien 221
Branch Tel : [+886]
2-86984050
Branch Fax : [+886]
2-86984055
Branch Email :
jack.lee@cables.com.tw
Branch Management
Name Job Description
Nationality
Mr. Jack Lee
Representative Taiwanese
*(Subsidiaries ,
Joint-ventures & Affiliates)
==============================
Company Name :
BESTLINK NETWARE INC
Country : Virgin
Islands (British)
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
Company Name :
COMNET INT'L GROUP LTD
Country : Virgin
Islands (British)
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry : Professional
Services
Company Name :
EUROPOWER INT'L LTD
Country : Virgin
Islands (British)
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
Company Name : POWIN
ELECTRIC CO LTD - BEIJING
Address : Suite 1203
Rm 15 Cuiwei Zhongli Bldg Wanshou Rd Haidian Dist Beijing 100036 China
Country : China
Relationship :
Subsidiary
Legal Form : Private
company with limited liability
Company Type :
Manufacturer
Industry : Electronic
Products & Components
Company Name : POWIN
ELECTRIC CO LTD - DONGGUAN
Address : Shi Heng
Rd Xincheng Dist Shijie Town Dongguan 523308 Guangdong China
Country : China
Relationship :
Subsidiary
Legal Form : Private
company with limited liability
Company Type :
Manufacturer
Industry :
Electronic Products & Components
Company Name : POWIN
ELECTRIC CO LTD - SHANGHAI
Address : W433 Rm
554 An Yuan Rd Shanghai 200000 China
Country : China
Relationship :
Subsidiary
Legal Form : Private
company with limited liability
Company Type :
Manufacturer
Industry :
Electronic Products & Components
Company Name : PRIME
WIRE & CABLE
Country : Cayman
Islands
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
Company Name :
UNIVERSAL NETWORK CORP
Country : Virgin
Islands (British)
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
Company Name : WUXI
UNIVERSAL ELECTRIC CO LTD
Address : Xishan
Economic Development Zone 315 North Youyi Rd Wuxi 214101 Jiangsu China
Country : China
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Industry :
Electronic Products & Components
Company Name :
YEC-BONEAGLE ELECTRIC (BVI) CO LTD
Country : Virgin
Islands (British)
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
Company Name :
YFC-BONEAGLE ELECTRONIC TECH CO LTD
Address : Chungkuo
Industrial Dist Shi Jie Dongguan 523299 Guangdong China
Country : China
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Manufacturer
Industry :
Electronic Products & Components
Company Name :
YFC-CONEAGLE HOLDINGS(CAYMANS) CO LTD
Country : Cayman
Islands
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry : Financial
Services - General
Company Name : ZEBLE
CORP
Country : Virgin
Islands (British)
Relationship :
Affiliate
Legal Form : Private
company with limited liability
Company Type :
Service
Industry :
Professional Services
*Subsidiaries,
Joint-ventures & Affiliates*
=================================
Maintains overseas
office in the USA, details of which as follows :
Address : 1212 East
Howell Ave Anaheim CA 92805
Tel no. : 714-4569896
Fax no. : 714-4569105
E-mail : jackchen@cables.com.tw
PAYMENT RATING : 3
OBTAINED SCORES : 71
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
*BANK DETAILS*
===============
Bank Name : TA CHONG COMMERCIAL BANKING
CORP
Branch : Linya Dist,Kaohsiung
City
Branch Address : 58 Chung Cheng 2nd Rd
SWIFT Code : OURBTWTP
Bank Name : INDUSTRIAL BANK OF TAIWAN
Branch : Hsin-i Dist,Taipei
City
Branch Address : 1Fl Capital Square 97-101 Sung Jen
Rd
SWIFT Code : IBOTTWTP
Balance Sheet
Currency : NTD
Denomination : in
Thousands
2006 2007
------ ------
Current Assets 806,184 808,123
Funds &
long-term investments 949,833 1,623,021
Property
273,045 258,482
Other Assets
4,574 13,511
Current Liabilities
(Before) 572,565 352,582
(After)
582,745 -
Long-term
Liabilities 264,751 543,992
Other
Liabilities 18,212 5,185
Common stock
751,662 1,028,413
Capital Reserve
324,626 671,296
Retained Earnings
(Before)
104,999 92,643
(After)
94,819 -
Total Assets 2,034,954 2,704,093
Total Liabilities
(Before)
855,528 901,759
(After)
865,708 -
Total Shareholder's
Equity (Before)
1,179,426 1,802,334
(After)
1,169,246 -
Income Statement
Currency : NTD
Denomination : in
Thousands
2006 2007
------ ------
Operating
revenue 1,591,950 1,857,915
Gross Profit
107,937 221,392
Operating
Income 2,270 97,103
Non-operating
income 2,270 97,103
Non-operating
expense 26,356 51,450
Net Income
99,513 70,939
Earnings (losses)
per share (After)
1.76 0.80
*Financial Ratios*
==============
2006 2007
------ ------
Ratio of liabilities
to Assets %
42.04 33.35
Ratio of long-term
capital to fixed Assets% 528.92 907.73
Current ratio% 140.80 229.20
Quick ratio%
129.66 214.58
Interest coverage 8.97 3.63
Turnover of
receivable (times) 7 7
Average collection
period of receivable
52.00 51.00
Turnover of
inventories (times) 19.83 31.30
Average days of
sales 18.00 12.00
Turnover of fixed
assets (times) 5.83 7.19
Turnover of total
assets (times)
0.78 0.69
Return on total
assets% 4.89 2.62
Operating Income 0 9
Net Income before
tax 16.60 7.20
Profit margin%
6.25 3.82
*Financial Summary
(Currency: U.S. $'s)
==============================
Year Sales Assets
Net Income
2003 $21,745,415.22 $41,644,117.65 -$171,136.10
2004 $30,757,293.23 $38,673,624.06 -$2,036,330.83
2005 $39,479,494.47 $44,133,396.52 $1,468,372.83
2006 $48,124,244.26 $61,516,142.68 $3,008,252.72
2007 $56,062,613.16 $81,596,047.07 $2,140,585.40
*Int´l Trade
Activity (Currency: U.S. $'s)
===============================
Year Imports Exports
Total
1996 n/a $2,700,000.00 $2,700,000.00
1997 n/a $2,800,000.00 $2,800,000.00
1998 $3,300,000.00 $3,500,000.00 $6,800,000.00
2004 $16,601,284.99 $11,694,129.02 $28,295,414.01
2005 $720,000.00 $12,000,000.00
$12,720,000.00
2006 $580,000.00 $12,600,000.00
$13,180,000.00
2007 $670,000.00 $13,100,000.00
$13,770,000.00
SC is considered
medium-sized in its line with a development history of 25 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 3357
Nonferrous metal wire and cable, drawn
and insulated
Exporting 3496
Fabricated wire products,
Exporting 3577
Computer peripheral equipment, and
parts,
Exporting 3669
Other communications equipment, and
parts,
Exporting 3674
Semiconductors and related devices,
and parts,
Exporting 3678
Connectors, for electronic applications
Exporting 5065
Electronic Parts/Equip, NEC
Manufacturing 3357 Nonferrous metal wire and cable, drawn and
insulated
Manufacturing 3496 Fabricated wire products,
Manufacturing 3577 Computer peripheral equipment, and parts,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2917
Polycarboxylic acids &
anhyd etc, halog, sulf etc
Exporting 2917121000
Adipic acid
Exporting 8005
Tin foil (backed or not),
n/ov .2mm; tin powder & flake
Exporting 8005001000
Tin foil, not exceeding 0.2 mm
thick, whether or not printed or backed
Exporting 8463
Machine tools for working
metal
Exporting 8473
Parts etc for typewriters
& other office machines computer accessories
Exporting 8473303500
Parts of power supplies for
automatic data processing machines, printed circuit assemblies
Exporting 8473308000
Parts and accessories of automatic
data processing machines and units incorporating a cathode ray tube
Exporting 8537
Boards, panels etc with
elec switch appar etc.
Exporting 8537200020
Switchgear & switchboard
assemblies for a voltage exceeding 1,000 v
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Exporter 1394 products
Exporter Hand lamps
Exporter Jacks
Exporter Portable hand lamp cords
Exporter Communication wires
Exporter Opto electronics materials
Exporter LAN cable accessories
Exporter Firewire products
Exporter LAN cables
Exporter Power strips
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Exporting,Importing
Europe Exporting,Importing
Middle-East Exporting
North America Exporting
Pacific Exporting
South America Exporting
Australia Exporting
Austria Exporting
Belgium Exporting
China Exporting,Importing
Colombia Exporting
Czech Republic Exporting
Egypt Exporting
France Importing
Greece Exporting
Hong Kong Exporting
Israel Exporting
Italy Exporting
Japan Exporting
Mexico Exporting
Morocco Exporting
Netherlands Exporting
New Zealand Exporting
Peru Exporting
Poland Exporting
Romania Exporting
Russia Exporting
Slovakia Exporting
South Korea Exporting
Spain Exporting
Sweden Exporting,Importing
Thailand Exporting
USA Exporting
United Arab Emirates
Exporting
United Kingdom Importing
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.69 |
|
UK Pound |
1 |
Rs.72.96 |
|
Euro |
1 |
Rs.63.46 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)