MIRA
INFORM REPORT
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Report Date : |
08.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
TOPTRAN MACHINERY CO LTD |
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Registered Office : |
762-1 Chung Shan Rd Section 2 Taishan
Hsiang Taipei Hsien 243 |
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Country : |
Taiwan |
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Date of Incorporation : |
22.10.1997 |
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Com. Reg. No.: |
16095973 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing of various types
of oilers, feeders and related components. Exporting to international markets and selling a small percentage of
goods to local market. |
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 45,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
TOPTRAN
MACHINERY CO LTD
762-1 CHUNG SHAN RD SECTION 2 TAISHAN HSIANG
TAIPEI HSIEN 243, TAIWAN
TEL: 886-2-29047828 FAX: 886- 2-29047796
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 22, 1997
REGISTRATION NO. :
16095973
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. SHU-YUAN CHI (CHAIRMAN)
STAFF STRENGTH :
39
CAPITAL :
US$ 776,398
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 45,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.49831 = 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*
===============
September 1997 - Established
with Japanese technology focused on design, manufacture & sales of automatic feeders for the metal stamping
industry.
March 1998 -
Commenced supply of 3 in 1 Servo Straightener Feeder with Uncoiler for computer
casing companies.
January 2002 -
Established NINGBO TOMAC MACHINERY CO LTD to focus on the China market.
February 2002 - Launched
TFL Series of precision Straighteners for thin and fine metal coil materials
for manufacturers in industries like cell phones and opto-electronics.
July 2002 -
Granted TUV CERT ISO 9001:2000 for meeting international quality standards.
- NINGBO TOMAC MACHINERY CO LTD commenced production of press feeding
equipment, Uncoiler Straightener, NC Feeder & 3 in 1 Servo Straightener
Feeder.
- Branch offices
established in Shenzhen, Suzhou, and Cixi.
February 2003 -
Completed design of TLF2-1000 Series, commenced production of Extra Wide Metal
Coil production line.
April 2003 -
Launched TLF1-17-300F Series for thin and fine metal coil production 3 in 1
Servo Straightener Feeder.
May 2004 -
Completed design and commenced production of TLF4 Series 3 in 1 Heavy Duty
Uncoiler Straightener and Feeder.
November 2004 - Completed
1st construction of 5000 square meter factory in Ningbo.
January 2005 -
Completed development of Extra Wide Precision Straightener TFL-1600.
- Completed development TLF7-500 Series Extra Thick 3 in 1 Servo Controlled
Uncoiler Straightener and Feeder.
July 2005 -
Branch offices established in Shandong and Yantai to serve our clients better.
May 2006 - Branch
office established in Bangkok to focus on opening the Thailand market.
September 2006 -
Established a year-long-run show room to improve services in southern China at
Chang'an Trade Town in Dong Guan.
- Provided customers with instant and efficient technological support
and training.
October 2007 -
Completed development of Zig-Zag NC Roll Feeder TRN-Z Series.
November 2007 - Branch
offices established in Langfang, Hebei to serve our clients better.
February 2008 - Completed
development of NC Roll Feeder TRN-H Series for extra thick material.
*Licenses & Permits*
================
License number : 9970708700
Date issued : 3 July,
2007
Issuing authority : Industrial
Development Bureau, MOEA
*Office & Facilities*
===============
Size : 148 sq. meter
(Approx.)
Location :
Taipei County
Property status :
Rented
Type of building :
Industrial building
Other e-mail :
service@toptran.com.tw
*Factories, Size & Locations*
======================
Size :
793 sq. meters (Approx.)
Location :
Taoyuan County
Property status : Owned
by TOPTRAN MACHINERY CO LTD
Type of building : Industrial
building
*Corporate & Organization Structure*
============================
A small specialized company operated and managed by the owner and family
members.
www.toptran.com.tw The design is professional
and the content is well organized. At present it is in both Chinese and English
versions.
E-mail: toptran@ms19.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders : 4
Total number of shares: 2,130,000
Shareholders Country
Number Amount %
Ms. Shu-yuan Chi Taiwan 1,200,000.00 n/a 56.34
Mr. Yung-cheng Tsai Taiwan 780,000.00 n/a 36.62
Mr. Min-chen Tsai Taiwan 100,000.00 n/a 4.69
Mr. Yung-chuan Tsai Taiwan 50,000.00 n/a 2.35
Management: Ms. Claire Min-chen
Tsai, Representative
Mr. Yung-cheng Tsai, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Claire Min-chen Tsai Taiwanese
Representative Sales
Mr. Yung-cheng Tsai Taiwanese
General Manager -
*COMPANY DIRECTORS*
=====================
1
Name : Ms. Shu-yuan Chi
Nationality : Taiwanese
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Manufacturing of various types of oilers, feeders and related
components.
2. Exporting to international markets and selling a small percentage of
goods to local market.
Products: 3-in-1 NC leveller feeds
6-rollers stock
oilers
Combination reel
straightener
Electronic pallet
reel
Forming machine
tools
*Brand*
======
TOMAC
*Payment Terms*
=============
Sales
------
Local : 30 - 90 days credit
Cash
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
--------------
Local : 30 - 90 days credit
*Quality Certification*
=================
Obtained the following certifications :
(1)
Type of certification : ISO-9001
Issuing authority : TUV
(2)
Type of certification : TUV CE Mark Certificate
Date of certification : December
2001
*Exhibition Participation*
===================
Participated in the following local exhibitions :
(1)
Exhibition/Fair : TIMTOS -
Taipei Int'l Machine Tool Show
Dates attended : 20- 25 March,
2001
Location : Taipei World
Trade Center (TWTC)
(2)
Exhibition/Fair : TIMTOS -
Taipei Int'l Machine Tool Show
Dates attended : 18- 23 March,
2003
Location : Taipei
World Trade Center (TWTC)
(3)
Exhibition/Fair : TIMTOS -
Taipei Int'l Machine Tool Show
Dates attended : 12-17 March,
2007
Location : Taipei
World Trade Center (TWTC)
*Competitors*
===========
The following locally based firms supply similar range of products :
- SHUNG DAR INDUSTRIAL CO LTD
- AMICORD CORP
- CAPTAIN INC
- PINK BRAND CO LTD
- HWA SHU ENTERPRISE CO LTD
*Domestic Customers*
==================
Although the domestic market represents a minor percentage of sales,
most of domestic sales are achieved through direct sales to local customers.
*Local Distribution Network*
=======================
Approximately 10% of the annual turnover is attributed to local sales
through direct sales to local customers.
*International Trade Activity*
=======================
Note
-------
The "import" figures listed above, are not the actual products
being imported by TOPTRAN MACHINERY CO LTD, but a small percentage of returned
goods.
*Export Markets*
=============
Approximately 90% of the annual turnover is attributed to export.
*(Subsidiaries , Joint-ventures & Affiliates)
===============================
Company Name : LANGFANG TOMAC MACHINERY CO LTD
Address : 1-4-301 Anju Garden 299 Jianshe S Rd Anci Dist Langfang Hebei
China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Machinery
Company Name : NINGBO TOMAC MACHINERY CO LTD
Address : Zhenhai Economic Development Zone 889 Zhongguan Rd, Dist A2
Zhenhai Dist Ningbo 315221 Zhejiang China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Machinery
Company Name : SHENZHEN TOMAC MACHINERY CO LTD
Address : Jinlonghua Square - Jinlongge Tower 1805 Longguan East Rd Bao
An Dist Shenzhen 518109 Guangdong China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Machinery
Company Name : SUZHOU TOMAC MACHINERY CO LTD
Address : Rm 802 Suzhou Industrial Park-Block 9, Grand Town By Lake
Nanshi Rd Suzhou 215001 Jiangsu China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Machinery
Company Name : TOMAC MACHINERY (THAILAND) CO LTD
Address : 99/5, Moo 7, Srinakarin Rd Tambol Bangmuang Amphur Muang 10270
Samut Prakan Thailand
Country : Thailand
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Machinery
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Maintains branch offices in China with the following contact details :
(1)
Tel nos. :
574-86263016, 86372899
Fax no :
574-86263017
E-mail address : tomac@mail.nbptt.zj.cn
(2)
Location : Yantai
Tel no. :
535-6933502
Fax no. :
535-6933502
Mobile no. : 13805353318
*OVERSEAS AGENTS AND DISTRIBUTORS*
====================================
Agent : JV ENGINEERING & TRADING
Country of Origin : Singapore
Product Description : 3-in-1 nc leveller feeds
Brand : Tomac
PAYMENT RATING :
3 OBTAINED SCORES :
54
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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 : Chungcheng Dist, Taipei City
Branch Address : 120 Chung Ching South Rd Section 1
SWIFT Code : BKTWTWTP
Bank Name : TAIWAN COOPERATIVE BANK
Branch : Chungcheng Dist, Taipei City
Branch Address : 77 Kuan Chien Rd
SWIFT Code : TACBTWTP
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
2007 $3,771,876.89 $1,056,125.53 $111,647.56
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports Total
2005 $23,652.01 $2,756,320.98 $2,779,972.99
2006 $19,864.99 $1,751,235.97 $1,771,100.96
2007 $26,895.02 $2,765,986.00 $2,792,881.02
SC is considered small-sized in its line with a development history of
11 years. Taking into consideration of SC’s general performance, a credit line up
to USD 45,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3500 Industrial
Machinery & Equipment
Exporting 3545 Machine
tool accessories, and parts,
Exporting 3549 Metalworking
machinery
Exporting 3569 General
industrial machinery and equipment, and parts,
Exporting 5084 Industrial
Machinery/Equip
Manufacturing 3500 Industrial
Machinery & Equipment
Manufacturing 3545 Machine
tool accessories, and parts,
Manufacturing 3549 Metalworking
machinery
Manufacturing 3569 General
industrial machinery and equipment, and parts,
Manufacturing 5084 Industrial
Machinery/Equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8428390000 Continuous-action elevators and conveyors, for goods or
materials
Exporting 8431390010 Parts of pneumatic elevators and conveyors
Exporting 8462290010 Bending, folding, straightening or flattening machines
(including presses), metal forming, except numerically controlled, used or
rebuilt
Exporting 8462998045 Mechanical presses other than mechanical transfer
presses,new,not numerically controlled valued $3,025 and over
Exporting 8463 Machine
tools for working metal
Exporting 8479 Machines
etc having individual functions, parts
Manufacturing 8428390000 Continuous-action
elevators and conveyors, for goods or materials
Manufacturing 8431390010 Parts
of pneumatic elevators and conveyors
Manufacturing 8462290010 Bending,
folding, straightening or flattening machines (including presses), metal
forming, except numerically controlled, used or rebuilt
Manufacturing 8462998045 Mechanical
presses other than mechanical transfer presses,new,not numerically controlled
valued $3,025 and over
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter NC servo
feeder
Exporter Precision
straightener
Exporter Straighteners
Exporter Transporter for
stamped part
Exporter Typical
uncoiler straightener
Exporter Transporter for
scrap slugs
Exporter Roller coats
oiler
Exporter Pay-off
reels
Exporter Mechanical
presses
Exporter Machine
tools
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Exporting
Europe Exporting
Middle-East Exporting
Pacific Exporting
Australia Exporting
China Exporting
Hong Kong Exporting
Hungary Exporting
India Exporting
Malaysia Exporting
Mexico Exporting
Saudi Arabia Exporting
Singapore Exporting
Thailand Exporting
Turkey 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.49.22 |
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UK Pound |
1 |
Rs.73.03 |
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Euro |
1 |
Rs.63.14 |
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%)