MIRA
INFORM REPORT
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Report Date : |
09.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
TSAY-E INT'L INC |
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Registered Office : |
6FL-3, 333 Fu Hsing North Rd Sungshan Dist
Taipei City 105 |
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Country : |
Taiwan |
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Date of Incorporation : |
31.12.1977 |
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Com. Reg. No.: |
12154134 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer of computer products, computer cables, video cables, audio cables,
connectors and other related electronics components manufactured in China. Sales and Distribution of imported products to local and international
markets. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 20,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
TSAY-E
INT'L INC
6FL-3, 333 FU HSING NORTH RD SUNGSHAN DIST
TAIPEI CITY 105, TAIWAN
TEL: 886-2-27139374 FAX: 886-2-27169386
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 31, 1977
REGISTRATION NO. :
12154134
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. HSIEN-KUO TSAI (CHAIRMAN)
STAFF STRENGTH :
8
CAPITAL :
US$ 869,565
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2007)
EQUITIES :
N/A (AS OF DEC. 31, 2007)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 20,000
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*
===============
1989
- Set-up shipping office in Hong Kong.
2000 -
TSAY-E Lung-Chi factory was set up next door to TE factory to make all kinds of
cables including drawing copper and producing particle
*Office & Facilities*
================
Size : 120
sq. meters (Approx.)
Location :
Central Business District (CBD)
Property status : Rented
Type of building :
Commercial building
Other Contact Details
-----------------------------
Tel. no. : 2-27139375
Fax no. : 2-25454103
*Factories, Size & Locations*
======================
The company is a trading house focused on importation of overseas
products, and maintains no manufacturing facilities.
*Corporate & Organization Structure*
=============================
A small-sized specialized company operated and managed by the owner.
*Industry Ranking*
===============
Ranked among Taiwan's largest non-manufacturing corporations.
Details of rank as follows :
Year Rank
------ -------
1992 797
www.tsaye.com.tw The design is professional
and the content is well organized. At present it is in English version.
E-mail: tsaye@ms11.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: 2
Total number of shares: N/A
Shareholders Country Number Amount %
Mr. Hsien-kuo Tsai Taiwan n/a n/a 99.00
Undisclosed Shareholders n/a n/a n/a 1.00
Management: Mr. Fabian Shen-lung
Liu, Manager
Mr. Hsien-kuo Tsai, General Manager
Ms. Ching-chih Lin, Manager
Name Nationality
Job Description
Mr. Fabian Shen-lung Liu Taiwanese
Manager Marketing
Mr. Hsien-kuo Tsai Taiwanese
General Manager
Ms. Ching-chih Lin Taiwanese
Manager
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Hsien-kuo Tsai
Nationality : Taiwanese
Country of Residence : Taiwan
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Importing wide range of computer products, computer cables, video
cables, audio cables, connectors and other related electronics components
manufactured in China.
2. Sales and distribution of imported products to local and
international markets.
OEM manufacturer for RCA brands.
Products also include:
- F Plug (Molded type)
- F Plug (Assembly type)
- F Quick Plug (Molded type)
- 9.52 TV Plug (Molded type)
- FM/AM Indoor Amplified Antenna
- TV Turn Table
Products: AV selectors
Adaptors
Antennas
Audio adapters
Audio cables
*Brand*
======
TE
TSAY-E
*Payment Terms*
==============
Sales
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Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Document against
Acceptance (D/A)
Telegraphic
Transfer (T/T)
Purchases
--------------
Local : 30-90 days credit
Import : Letter of Credit (L/C)
Document against
Acceptance (D/A)
Telegraphic Transfer (T/T)
*Production Capacity*
==================
Braiding Workshop:
Item Current
Capacity
-------
----------------------
Coaxial cable 450,000
meters
Shielding wire 160,000
meters
*Patents*
========
Patent number :
N/A
Country of registration : Japan (Pending)
USA (Pending)
Product
: Telephone accessories
*Detailed Product Specifications*
==========================
Product : Power
Supply Cord
Qualification : UL/CSA
*Quality Certification*
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Obtained the following certifications :
(1)
Type of certification : ISO9002
Year of certification : 1996
(2)
Type of certification : ISO9001
Year of certification : 2002
Other details :
Taiwan and Hong Kong operation procedures are participating in the ISO9001
system
(3)
Type of certification : UL/CSA
Other details : This
was obtained for Power Supply Cord
(4)
Also obtained CE approval.
*Exhibition Participation*
====================
Participated in the following local exhibitions :
(1)
Exhibition fair : Taipei
International Electronics Show
Date attended : 25-28 October, 1999
Location : Taipei World
Trade Center - Exhibition Hall
(2)
Exhibition fair : Taipei
International Electronics Show 2000
Date attended : 17-20 October, 2000
Location : Taipei World
Trade Center - Exhibition Hall
*Associations*
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Member of :
- Taiwan Electrical & Electronic Manufacturers' Association (TEEMA)
*Competitors*
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The following locally based firms supply similar range of products :
- LIAN DUNG ELECTRIC WIRE MATERIAL CO LTD
- A & A ELECTRONICS CORP
- ANYTEK TECHNOLOGY CORP LTD
- ASSMANN ELECTRONIC CO LTD
- AVANT-COM INC
*Local Distribution Network*
=======================
An estimated 50% of the annual turnover is attributed to local
sales.
*International Trade Ranking*
=======================
The firm has been ranked among Taiwan's Top Importer/Exporter based on
the standard measured by the
Board of Foreign Trade (BOFT)
Details of rank are as follows :
Year Rank
------ -------
1997 2410
*Export Markets*
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An estimated 50% of the annual turnover is attributed to export.
Breakdown of export as per region / country :
Region % of Export
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USA 52
Europe 40
Others 8
*(Subsidiaries, Joint-ventures & Affiliates)
==========================
Company Name : NANCHANG
ELECTRONIC FACTORY LTD
Address : Ku
Shu Village Baoan Dist Shenzhen 518125 Guangdong China
Country :
China
Relationship :
Subsidiary
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Electronic Products & Components
*Subsidiaries, Joint-ventures & Affiliates*
===============================
Maintains overseas offices in the following countries :
- Hong Kong (Shipping office)
- Shenzhen, China (Factory)
PAYMENT RATING : 3 OBTAINED SCORES :
50
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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 : FUBON
COMMERCIAL BANK
Branch :
Ta-an Dist,Taipei City
Branch Address : 2Fl
B1 Fubon Banking Center 169 Jen Ai Rd Section 4
SWIFT Code : This
bank does not have a SWIFT Code
Bank Name : HONG KONG &
SHANGHAI BANKING CORP LTD, THE
Branch : Hsin-i
Dist,Taipei City
Branch Address : 13-15Fl Int'l Trade Bldg 333 Keelung Rd Section 1
SWIFT Code : HSBCTWTP
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
2007 $1,176,825.59 $422,450.21 $39,227.52
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports Total
1992 n/a $7,800,000.00
$7,800,000.00
1996 n/a $3,300,000.00
$3,300,000.00
1997 n/a $4,200,000.00
$4,200,000.00
1998 n/a $9,500,000.00
$9,500,000.00
1999 n/a $16,400,000.00
$16,400,000.00
2005 $37,000.00 $1,100,000.00 $1,137,000.00
2006 $45,000.00 $1,230,000.00 $1,275,000.00
2007 $57,000.00 $590,000.00 $647,000.00
SC is considered small-sized in its line with a development history of
31 years. Taking into consideration of SC’s general performance, a credit line
up to USD 20,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3357 Nonferrous
metal wire and cable, drawn and insulated
Trading 3643 Current-carrying
wiring devices
Trading 3651 Radio &
tv receiving sets; phonographs; recorders; microphones; loudspeakers; audio
amplifiers; & oth audio equip
Trading 3661 Telephone
and telegraph apparatus, and parts,
Trading 3669 Other communications
equipment, and parts,
Trading 3678 Connectors,
for electronic applications
Trading 3679 Electronic
components,
Trading 5063 Electrical
Equip/Wiring
Trading 5065 Electronic
Parts/Equip, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 8544 Insulated
wire, cable etc; opt sheath fib cables
Trading 7312103500 Stranded
wire of iron or steel
Trading 7408 Copper
wire
Trading 7413 Stranded
wire, cables etc of copper, not elec ins
Trading 8471801000 Control
or adapter units for automatic data processing machines
Trading 8500 Electrical
machinery & equip. & parts; telecommunications equip., sound recorders,
television recorders
Trading 8504400040 Inverters
(static converters)
Trading 8504400080 Static
converters, including inverters
Trading 8517408010 Modems
(modulator-demodulator apparatus)
Trading 8518 Microphones;
loudspeakers; sound amplifier etc, parts
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Audio
cables
Trader Audio-video
cables
Trader Video
cables
Trader Car audio
cables
Trader Audio
connectors
Trader Video
connector
Trader Car stereo connectors
Trader Audio
adapters
Trader USB video
adapter
Trader Video game
controller adapters
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Exporting,Importing
Europe Exporting
North America Exporting
China Exporting,Importing
Hong Kong Exporting
USA 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%)