MIRA
INFORM REPORT
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Report Date : |
11.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUN A ENTERPRISE CO LTD |
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Registered Office : |
89-20 Taichung Kang Rd Section 3 Hsitun Dist Taichung City 407 |
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Country : |
Taiwan |
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Date of Incorporation : |
19.04.1967 |
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Com. Reg. No.: |
51074905 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Research and development of technologies related to gravure cylinder
making and packaging art design. Manufacturing of various types of printed laminated flexible packaging
film &bag making. Production of samples per OEM customer design. Selling to both domestic and
international 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 300,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
SUN
A ENTERPRISE CO LTD
CEPZ 47 CHIN 3RD RD WUCHI CHEN
TAICHUNG HSIEN 435, TAIWAN
TEL: 886-4-26595188 FAX: 886- 4-26595199
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 19, 1967
REGISTRATION NO. :
51074905
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. PO-YUN CHEN (CHAIRMAN)
STAFF STRENGTH :
250
CAPITAL :
US$ 14,395,217
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 300,000
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
Registered Legal Address: 89-20 Taichung Kang Rd Section 3 Hsitun Dist
Taichung City 407
*OTHER LICENSE*
================
License Number : 70849274
Date of Registration : 9 August, 2006
Issuing Authority : Ministry of Economic Affairs
License Number : 11011026
Date of Registration : 19 April, 1967
Issuing Authority : Ministry of Economic Affairs
*Company History*
===============
January 1968 - Set up
Taipei branch
October 1986 - Succeeded
developing laminated flexible fubes for toothpaste, medicine and food
January 1991 -
Side-Investment with incorporating INTLPAK ENTERPRISES CO LTD
March 1992 -
Side-Investment with incorporating SHANGHAI SAN YING PACKAGING MATERIAL CO
LTD
June 2007 - GMP new
factory built (moved to Chungkang Export Processing Zone of the Ministry of
Economic Affairs)
*Company Registration *
====================
(1)
License number : 51074905
Date issued : 19 April,
1967
Issuing authority : Ministry
of Economic Affairs (MOEA)
Legal form : Private
Company
(2)
License number : 70849274
Date issued : 9 August,
2006
Issuing authority : Ministry
of Economic Affairs (MOEA)
Type of license : Chung Kang
Branch license
(3)
License number : 11011026
Date issued : 19 April,
1967
Issuing authority : Ministry of
Economic Affairs (MOEA)
Type of license : Taipei Branch license
*Licenses & Permits*
================
(1)
License number : 9966901700
Date issued : 1
February, 1970
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
(2)
License number : 90C0002600
Date issued : 19 March,
2007
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Taichung
Kang Factory license
Address : 47 Chin
3rd Rd , Wuchi Chen Taichung Hsien
*Office & Facilities*
===============
Size :
24881 square meter(Approx)
Location :
Taichung City
Type of Building : Industrial
building
Property status : Owned by
SUN A ENTERPRISE CO LTD
Comments : Serves as
office and factory
Other contact details
----------------------------
Tel no : 4-3482111
E-mail : bond@suna.com.tw
Previous contact details
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Tel : 4-22512171,
4-22512172
Fax : 4-22545262 ,
4-23585262
*Factories, Size & Locations*
======================
Size :
7560 square meter(Approx)
Location : Taichung
City
Type of Building : Industrial building
Property status : Owned by SUN
A ENTERPRISE CO LTD
Comments : Serves as
office and factory
Address : 89-20
Taichung Kang Rd Section 3, Hsutun Dist Taichung City
*Corporate & Organization Structure*
============================
A large sized company operated and managed by an experienced team of
professionals.
*Industry Ranking*
===============
The firm has been ranked among Taiwan's largest manufacturing
corporations.
Detail of rank follow :
Year Rank
------ ------
1992 671
www.suna.webbox.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: mis@suna.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: 14
Total number of shares: 1,256,213
Shareholders Country Number Amount
Mr. Po-jui Chen Taiwan 227,110.00 n/a
Mr. Po-yun Chen Taiwan 145,503.00 n/a
Ms. Hsiu-chi Chen Liu Taiwan 141,268.00 n/a
Mr. Chao-hui Yang Taiwan 125,786.00 n/a
Mr. Po-wen Chen Taiwan 121,873.00 n/a
Mr. Po-jen Chen Taiwan 79,916.00 n/a
Ms. Su-chun Lu Chen Taiwan 77,432.00 n/a
Mr. Po-ta Chen Taiwan 63,828.00 n/a
Mr. Tzu-tu Chen Taiwan 62,755.00 n/a
Mr. Tzu-jung Chen Taiwan 51,215.00 n/a
Ms. Pao-chin Lin Taiwan 45,369.00 n/a
Mr. Po-tao Chen Taiwan 39,400.00 n/a
Mr. Chung-chien Yen Taiwan 37,610.00 n/a
Mr. Cheng-yu Tsai Taiwan 37,148.00 n/a
Management: Mr. Tzu-tu Chen,
Manager
Mr. Shih-chia Chen, Director
Mr. Hung-wei Chu, Manager
Name Nationality
Job Description Dept. / Division
Mr. Tzu-tu Chen Taiwanese
Manager Factory
Mr. Shih-chia Chen Taiwanese
Director Sales
Mr. Hung-wei Chu Taiwanese
Manager Sales
Mr. Kai-chao Chen Taiwanese
Manager Sales
Mr. Po-wen Chen Taiwanese
General Manager -
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Po-yun Chen
Nationality : Taiwanese
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Research and development of technologies related to gravure cylinder
making and packaging art design.
2. Manufacturing of various types of printed laminated flexible
packaging film &bag making.
3. Production of samples per OEM customer design.
4. Selling to both domestic and international market.
Products also include:
- Printed lamination webstolk for toothpaste
- Vacuumable bags
Products: Aluminum foil packaging
Flexible
packaging
Gravure,
cylinders
Packaging film
PP
Packaging
materials
*Payment Terms*
=============
Sales
------
Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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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)
*Machinery & Equipment*
=====================
Machinery/Equipment
Brand
Country of Origin
------------------------------
--------- ------------------------
Developing Machine
DU PONT USA
Etching Machines
THINK LABORATY
Japan
Exposure Machine
THINK Japan
Printing Machine
TOSHIBA Japan
*Associations*
===========
Member of :
- CHINA (TAIPEI) PACKAGING ASSOCIATION
*Competitors*
===========
The following locally based companies supply similar range of products :
- DER I INDUSTRIAL CO LTD
- CHINA GRAVURE INDUSTRIES INC
- CHENG LOONG CORPORATION
- TAIWAN BENEFIT COMPANY
- BOR JIUN ENTERPRISE CO LTD
- PAGEANT PLASTIC FACTORY CO LTD
- WAPO CORPORATION
- TAIWAN FOREVER INDUSTRY CO LTD
- SPRING GOLD PACKING CORP
*Detailed Product Specifications*
==========================
Product : Laminated
Flexible Packaging Material
Applications : All kinds of laminated flexible package films, aluminum
foil, cast polypropylene film, laminated web stock for toothpaste, laminated
lids of food, medicine, cosmetics, pharmaceuticals and chemical packaging.
*Quality Certification*
==================
Type of certification : ISO22000 : 2005
Issuing authority : NATIONAL
QUALITY ASSURANCE LTD (NQA)
Date of certification : 12
August, 2008
*Local Distribution Network*
=======================
An estimated 95% of annual turnover is attributed to local sales.
*Export Markets*
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An estimated 5% of the annual turnover is attributed to export.
*LOCAL BRANCHES & MANAGEMENT*
=================================
Branch : SUN A ENTERPRISE CO LTD - TAIPEI CITY
Branch Address : Rm 806, 86 Nanking East Rd Section 1 Chungshan Dist,
Taipei City, 104
Branch Tel : [+886] 2-25510603
Branch Fax : [+886] 2-25817839
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : INTLPAK ENTERPRISES CORP
Address : Nan Kang Industrial Park 11 Industry North 5th Rd Nantou City 540
Nantou Hsien Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Plastics & Products
Company Name : SHANGHAI SUN YING PACKING MATERIALS CO LTD
Address : 2611 Tsou An Rd Jiading Dist Shanghai 201812 China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Packaging
PAYMENT RATING : 3 OBTAINED
SCORES : 69
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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 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 : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,Taichung City
Branch Address : 38 Tzu Yu Rd Section 2 Central Dist Taichung City 400
(Head Office)
SWIFT Code : CCBCTWTP
Bank Name : CHINATRUST COMMERCIAL BANK LTD
Branch : Hsin-i Dist,Taipei City
Branch Address : 14Fl China Trust Bldg 3 Sung Shou Rd Hsin-i Dist Taipei
City 110 (Head Office)
SWIFT Code : CTCBTWTP
Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,Taipei City
Branch Address : 123 Jhongsiao E Rd Section 2 Chungcheng Dist Taipei
City 100 (Head Office)
SWIFT Code : ICBCTWTP
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
1992 $25,718,750.00 n/a n/a
2007 $12,673,506.34 $15,087,507.54 $694,025.35
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports Total
1992 $7,700,000.00 $2,700,000.00 $10,400,000.00
1996 $9,900,000.00 $1,800,000.00 $11,700,000.00
1997 $9,600,000.00 $1,600,000.00 $11,200,000.00
1998 $5,600,000.00 $1,500,000.00 $7,100,000.00
2005 $4,800,000.00 $410,000.00 $5,210,000.00
2006 $9,200,000.00 $470,000.00 $9,670,000.00
2007 $2,980,000.00 $430,000.00 $3,410,000.00
SC is considered large-sized in its line with a development history of
41 years. Taking into consideration of SC’s general performance, a credit line
up to USD 300,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3081 Plastics
film, strips, and sheets, unsupported
Manufacturing 3353 Aluminum
sheet, plate, and foil, rolled or drawn
Manufacturing 4783 Packing
& Crating
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3921 Plates,
sheets, film, foil & strip, plastics
Manufacturing 3923900000 Articles
for the conveyance or packing of goods,etc,of plastic,
Manufacturing 4819504060 Packing
containers, of paper, paperboard, cellulose wadding or webs of cellulose fibers
Manufacturing 7606113030 Aluminum
plates sheets and strip rectangular including square not alloyed not clad with
thickness of more than 6.3mm
Manufacturing 7607196000 Aluminum
foil not backed
Manufacturing 9854 Packing
& crating
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Packing bags
Manufacturer Retortable
pouches
Manufacturer Flexible
packaging
Trader Rotogravure
cylinders
Trader Gravure,
cylinders
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Exporting,Importing
North America Importing
Belgium Importing
China Exporting
Hong Kong Exporting
Japan Importing
Philippines Exporting
Singapore Importing
South Korea Importing
USA 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%)