MIRA
INFORM REPORT
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Report Date : |
11.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
SCHEMPLAR CO LTD |
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Registered Office : |
11FL-1, 150 Fu Shing North Rd Chungshan Dist Taipei City 104 |
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Country : |
Taiwan |
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Date of Incorporation : |
21.01.1993 |
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Com. Reg. No.: |
84123337 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing of plastic raw materials for in-house OEM production. Outsourcing to local factories with value-added processing of car
cushions, mats and other related product |
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 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
SCHEMPLAR
CO LTD
11FL-1, 150 FU SHING NORTH RD
CHUNGSHAN DIST TAIPEI CITY 104, TAIWAN
TEL: 886-2-27137533 FAX: 886-2-27122423
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 21, 1993
REGISTRATION NO. :
84123337
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. EDWIN SUNG-TEH HSU (CHAIRMAN)
STAFF STRENGTH :
8
CAPITAL :
US$ 583,851
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 10,000
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
*Office & Facilities*
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Size : 97
sq meters (Approx)
Location :
Central Business District (CBD)
Property status : Rented
Type of building : Commercial
Building
Other e-mail :
services@aeroz.com.tw
Previous Contact Details
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Address : 11Fl, 150 Fu Shing North Rd Chungshan Dist Taipei City 104
Website : www.aeroz.com.tw
*Factories, Size & Locations*
=======================
The company is a trading house focused on importation of overseas
products and maintains no manufacturing facilities.
*Corporate & Organization Structure*
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A small sized specialized company operated and managed by the owner.
SC is not known to host website of its own at present.
E-mail: schemplar@ms10.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 6
Total number of shares: 1,430,000
Shareholders Country Number Amount %
Mr. Shih-hua Chen Taiwan 570,000.00 n/a 39.86
Mr. Edwin Sung-teh Hsu Taiwan 340,000.00 n/a
23.78
Mr. A-chien Fan Taiwan 200,000.00 n/a 13.99
Mr. Po-hsien Kuo Taiwan 130,000.00 n/a 9.09
Ms. Ying-ling Huang Taiwan 100,000.00 n/a
6.99
Ms. Mei-hua Lu Taiwan 90,000.00 n/a 6.29
Management: Mr. Kuo-cheng Lin,
Manager
Mr. Edwin Sung-teh Hsu, General Manager
Name Nationality
Job Description Dept. / Division
Mr. Kuo-cheng Lin Taiwanese
Manager Sales
Mr. Edwin Sung-teh Hsu Taiwanese
General Manager -
*COMPANY DIRECTORS*
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1
Name : Mr. Edwin Sung-teh Hsu
Nationality : Taiwanese
Country of Residence : Taiwan
*Main Products & Services*
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Specializes in the following areas of work :
1. Importing a wide range of plastic raw materials for in-house OEM
production.
2. Outsourcing to local factories with value-added processing of car
cushions, mats and other related products.
3. Domestic sales of finished products.
Products: Bed cushions
Car cushions
Car mats
Chair cushions
Mats
*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)
Document against Acceptance (D/A)
Telegraphic
Transfer (T/T)
Open account /DA
terms with settlement using Telegraphic Transfer (T/T)
*Exhibition Participation*
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Participated in the following local exhibitions:
(1)
Exhibition fair : TAIPEI AMPA
- Taipei Int'l Auto/Motorcycle Parts & Accessories Show
Dates attended : 13-16 May, 2005
Location : Taipei
World Trade Center (TWTC)
(2)
Exhibition fair : TAIPEI AMPA -
Taipei Int'l Auto/Motorcycle Parts & Accessories Show
Dates attended : 19-22 May, 2006
Location : Taipei
World Trade Center (TWTC)
*Competitors*
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The following locally based companies supply similar range of products:
- CENTURION CO LTD
- HO YI LIANG ENTERPRISE CO LTD
- TAIWAN SILENT NIGHT MATRESS CORP
- JING TOONG ENTERPRISE CO LTD
- MACANY INC
*Domestic Customers*
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Most of domestic customers are automotive industry and department
stores.
*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 export because the prime focus of the firm's
activity is concentrated on local sales only.
IMPORTER AGENCY LISTING
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Supplier : ABU DHABI POLYMERS COMPANY (BOROUGE) LLC
Country of Origin : United Arab Emirates
Product Description : Polyolefins
Brand : Borstar
Year : 2002
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 SMALL
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 : FUBON COMMERCIAL BANK
Branch : Ta-an Dist,Taipei City
Branch Address : 2Fl B1 Fubon Banking Center 169 Jen Ai Rd Section 4
Ta-an Dist Taipei City 106 (Head Office)
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
Hsin-i Dist Taipei City 110 (Head Office)
SWIFT Code : HSBCTWTP
*Financial Summary (Currency: U.S. $'s)
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Year Sales Assets Net Income
2007 $935,425.47 $301,750.15 $36,210.02
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2005 $490,000.00 $0.00 $490,000.00
2006 $550,000.00 $39,000.00 $589,000.00
2007 $600,000.00 $0.00
$600,000.00
SC is considered small-sized in its line with a development history of
15 years. Taking into consideration of SC’s general performance, a credit line up
to USD 10,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 5162 Plastics
Mat'ls/Basic Forms
Trading 2515 Mattresses and
bedsprings
Trading 3089 Plastics
products,
Trading 5162 Plastics
Mat'ls/Basic Forms
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3206491000 Concentrated dispersions of pigments in plastics materials
Importing 3901100010 Polyethylene having a specific gravity of less than 0.94,linear
low density polyethylene
Importing 3901905000 Polymers of ethylene in primary form,
Trading 3900 Plastics
& articles thereof
Trading 3901 Polymers
of ethylene, in primary forms
Trading 9400 Furniture;
bedding, cushions; lamps & lighting fittings; illuminated signs, nameplates
& the like, prefabricated buildings
Trading 9401804005 Household
outdoor seats of rubber or plastic, w textile covered cushions or textile
seating/backing material, except reinforced or laminated plastics
Trading 9404 Mattress
supports; articles of bedding etc
Trading 9404299000 Mattress
of other material
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Mats
Trader Mattresses
Trader Bed
cushions
Trader Motorcycle
cushions
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Importing
Europe Importing
Middle-East Importing
France Importing
South Korea Importing
Spain Importing
Sweden Importing
Thailand Importing
United Arab Emirates Importing
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.71 |
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UK Pound |
1 |
Rs.72.85 |
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Euro |
1 |
Rs.64.70 |
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%)