MIRA
INFORM REPORT
|
Report Date : |
17.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
LIVING WATER IN SPRING INT'L CO LTD |
|
|
|
|
Registered Office : |
B1 & B2, 333 Yung Hua 3rd St Anping Dist Tainan City 708 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
28.07.1997 |
|
|
|
|
Com. Reg. No.: |
16078123 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Import and local purchase of tiles, recycled rainwater system, strainer,
and range of parts used in the construction of building. Sales and Distribution of purchased products to local consumers. |
RATING &
COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
Maximum Credit Limit : |
USD 10,000 |
|
|
|
|
Status : |
Small Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
name & address
LIVING
WATER IN SPRING INT'L CO LTD
B1 & B2, 333 YUNG HUA 3RD ST
ANPING DIST TAINAN CITY 708, TAIWAN
TEL: 886-6-2995500 FAX: 886-6-2993595
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 28, 1997
REGISTRATION NO. :
16078123
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. PAUL KUO-HENG WANG (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 310,559
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 33.22260 = 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*
===============
Size : 487 sq. meters (Approx.)
Location : Tainan City
Property status : Rented
Type of building : Commercial
Other contact details
----------------------------
Tel no. : 6-2934535
Fax no. : 6-2934539
Previous address : 6Fl-1, 333 Yung Hua 3rd St Anping Dist Tainan City
708
*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 company operated and managed by an experienced team of
professionals.
SC is not known to host website of its own at present.
E-mail: oba.way@mas.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: 4
Total number of shares: 4,750
Shareholders Country
Number Amount (NTD) %
Mr. Paul Kuo-heng Wang Taiwan 1,500.00 n/a
31.58
Ms. Li-ching Chang Taiwan 1,500.00 n/a
31.58
Ms. Mei-yuan Wu Taiwan 1,000.00 n/a 21.05
Mr. Chien-ming Chen Taiwan 750.00 n/a 15.79
Management: Ms. Hsueh-yi Chang,
Representative
Ms. Pei-ju Hsieh, Representative
Mr. Paul Kuo-heng Wang, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Hsueh-yi Chang Taiwanese
Representative Sales
Ms. Pei-ju Hsieh Taiwanese
Representative Sales
Mr. Paul Kuo-heng Wang Taiwanese
General Manager -
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Paul Kuo-heng Wang
Nationality : Taiwanese
Country of Residence : Taiwan
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Import and local purchase of wide range of tiles, recycled rainwater
system, strainer, and range of parts used in the construction of building.
2. Sales and distribution of purchased products to local consumers.
Products: Filament
Green fiber
PET flakes
Romcarbon
Tiles
*Payment Terms*
=============
Sales
-------
Local : Cash
30-90 days credit
Purchases
--------------
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)
*Competitors*
===========
The following locally based firms supply similar range of products :
- PICASO STONE MATERIALS CO LTD
- WINLAND STONE CO LTD
- CHUNG HO STONES ENTERPRISE CO LTD
- KUO SHAN PRECIOUS STONE CO LTD
- MIT INT'L MARBLE & GRANITE CO LTD
*Subcontractors*
==============
Country : Romania
Work performed : Manufacturing
of various types of products including solid siliconized, hollow siliconized,
hollow conjugated siliconized polyester staple fiber
*Local Distribution Network*
=====================
100% of the annual turnover is attributed to local sales.
*International Trade Activity*
=====================
Note
-------
The exports figures listed above, are not actual products being imported
by LIVING WATER IN SPRING INT'L CO LTD, but a small percentage of returned
goods manufactured by the firm.
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : FIDELITY
CONSTRUCTION MATERIAL INT'L CO LTD
Address :
2Fl, 333 Yung Hua 3rd St 2Fl Anping Dist Tainan City 708 Taiwan
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Construction & Construction Materials
Company Name : LIVING
RIVER INT'L CO LTD
Address :
333 Yung Hua 3rd St Anping Dist Tainan City 708 Taiwan
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Construction & Construction Materials
PAYMENT RATING : 3 OBTAINED SCORES :
71
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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*
===============
Bank Name : BANK
OF AMERICA NA
Branch :
Sungshan Dist,Taipei City
Branch Address : 2Fl
Bank Tower 205 Tun Hua North Rd
SWIFT Code :
BOFATW2X
Bank Name : BANK
OF TAIWAN
Branch :
Central Dist,Tainan City
Branch Address : 155 Fu
Chien Rd Section 1
SWIFT Code :
BKTWTWTP
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
2007 $2,051,901.03 $286,662.64 $11,164.76
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports Total
2005 $1,380,000.00 $20,000.00 $1,400,000.00
2006 $975,000.00 $17,000.00 $992,000.00
2007 $1,260,000.00 n/a $1,260,000.00
SC is considered small-sized in its line with a development history of
11 years. The above credit amount appears to be beyond SC’s capacities, while a
credit line up to USD 10,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 1743 Tile,
Marble, Mosaic Work
Importing 5032 Brick/Stone/Const
Materials
Importing 5039 Construction
Materials, NEC
Trading 1743 Tile,
Marble, Mosaic Work
Trading 5032 Brick/Stone/Const
Materials
Trading 5039 Construction
Materials, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 6800 Articles
of stone, plaster, cement, asbestos, mica or similar materials
Importing 6802290000 Stone mon or bldg smply cut or swn w flat or evn surface
Importing 6802990060 Other stone
Importing 6810910000 Prefabricated structural components for building or civil engineeringmade
of concrete, cement or artificial stone
Importing 6901 Bricks,
blocks, tiles & other ceramic goods slcs earth
Importing 6907900050 Other unglazed ceramic flags, paving, tiles, mosaic cubes, and
the like
Importing 6908900050 Other glazed ceramic flags, paving, tiles, mosaic cubes, and
the like
Importing 9823 Tile,
marble, and mosaic work
Trading 6800 Articles
of stone, plaster, cement, asbestos, mica or similar materials
Trading 6802290000 Stone
mon or bldg smply cut or swn w flat or evn surface
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Filament
Trader Green
fiber
Trader Tiles
Trader Romcarbon
Trader PET
flakes
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Importing
Europe Importing
Middle-East Importing
Indonesia Importing
Italy Importing
Malaysia Importing
Romania Importing
Thailand Importing
United Arab Emirates Importing
FOREIGN EXCHANGE
RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.33 |
|
UK Pound |
1 |
Rs.73.92 |
|
Euro |
1 |
Rs.66.69 |
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)