MIRA
INFORM REPORT
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Report Date : |
11.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
YUNG EVAN PLASTIC ENTERPRISE CO LTD |
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Registered Office : |
132 Hsueh Fu Rd Section 2 Tucheng City Taipei Hsien 236 |
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Country : |
Taiwan |
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Date of Incorporation : |
18.08.1978 |
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Com. Reg. No.: |
34226956 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Imports of Raw Materials. Manufacturing of various types of Plastic Bags and Films. Sales and Distribution of products to Domestic Market. |
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 50,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
YUNG
EVAN PLASTIC ENTERPRISE CO LTD
132 HSUEH FU RD SECTION 2
TUCHENG CITY TAIPEI HSIEN 236, TAIWAN
TEL: 886-2-22615353 FAX: 886-2-22615766
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 18, 1978
REGISTRATION NO. :
34226956
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CHING-FENG CHAN (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 186,335
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 50,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.37064 = 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
*Licenses & Permits*
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License number : 9960102400
Date issued : 30
September, 1983
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
*Office & Facilities*
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Size : 200
square meter(Approx)
Location : Taipei
Hsien
Type of Building : Industrial
building
Property status : Rented
Comments : Serves as
office and factory.
*Corporate & Organization Structure*
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A small -sized company operated and managed by the owner and an
experienced team of professionals.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: n/a
Shareholders Country Number Amount %
Mr. Ching-feng Chan Taiwan n/a n/a 99.00
Undisclosed Shareholders n/a n/a n/a 1.00
Management: Mr. Ching-feng Chan, General Manager
Name Nationality
Job Description
Mr. Ching-feng Chan Taiwanese
General Manager
*COMPANY DIRECTORS*
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1
Name : Mr. Ching-feng Chan
Nationality : Taiwanese
*Main Products & Services*
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Specializes in the following areas of work:
1. Imports of raw materials.
2. Manufacturing of various types of plastic bags and films.
3. Sales and distribution of products to domestic market.
Products: Films
Plastic bags
Plastic films
T-shirt bags
*Payment Terms*
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Sales
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Local : 30 - 90 days credit
Cash
Purchases
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Local : 30 - 90 days credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Competitors*
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The following locally based companies supply similar range of products :
- PUN FONG ENTERPRISE CO LTD
- AN HORNG PLASTIC CO LTD
- UEE ZEE ENTERPRISE CO LTD
- ALLEN PLASTIC INDUSTRIES CO LTD
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*International Trade Activity*
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There is no record of exports because the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES :
55
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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*
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Bank Name : TAIWAN
COOPERATIVE BANK
Branch : Chungcheng
Dist, Taipei City
Branch Address : 77 Kuan Chien Rd Chungcheng Dist Taipei City 100 (Head
Office)
SWIFT Code : TACBTWTP
*Financial Summary (Currency: U.S. $'s)
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Year Sales Net Income
2007 $1,222,088.11 $87,507.54
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2005 $620,000.00 n/a
$620,000.00
2006 $480,000.00 n/a
$480,000.00
2007 $650,000.00 n/a
$650,000.00
SC is considered small-sized in its line with a development history of 30
years. Taking into consideration of SC’s general performance, a credit line up
to USD 50,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 2393 Textile
bags
Manufacturing 3081 Plastics
film, strips, and sheets, unsupported
Manufacturing 3089 Plastics
products,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3901 Polymers
of ethylene, in primary forms
Manufacturing 3921 Plates,
sheets, film, foil & strip, plastics
Manufacturing 3926 Articles
of plastics (inc polymers & resins)
Manufacturing 6305 Sacks
& bags of textile material for packing goods
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Importing
Middle-East Importing
Japan Importing
Qatar Importing
Saudi Arabia Importing
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.52 |
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UK Pound |
1 |
Rs.72.62 |
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Euro |
1 |
Rs.63.76 |
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%)