MIRA
INFORM REPORT
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Report Date : |
21.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
DAIKIN ENTERPRISE CO LTD |
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Registered Office : |
7 Fl, 186 Fu Hsing North Rd,
Chungshan Dist Taipei City 104 |
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Country : |
Taiwan |
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Date of Incorporation : |
October 3, 1994 |
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Com. Reg. No.: |
84948198 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing of various types of incubators, chicken coops and related
agricultural equipment. |
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
DAIKIN ENTERPRISE
CO LTD
7FL, 186 FU HSING NORTH RD
CHUNGSHAN DIST TAIPEI CITY 104, TAIWAN
TEL: 886-2-25011500
FAX: 886-2-25031166
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 3, 1994
REGISTRATION NO. :
84948198
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. TSU-YANG HUANG (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
US$ 301,750
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE :
UP TO USD 10,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 31.72500 = 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 Name*
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Previous name : KOGIKIN ENTERPRISE CO LTD
Changed name to : DAIKIN EMTERPRISE CO LTD
Date of change : N/A
*Office & Facilities*
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Size : 102 sq. meter (Approx.)
Location : Taipei city
Property status : Owned by DAIKIN ENTERPRISE CO LTD
Type of building : Commercial building
Other Contact Details
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Tel no. :
2-25176699
Fax no :
2-25061198
*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 company, mainly operated and managed by the principal
owner.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
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 : 3
Total number of shares : 1,000,000
Shareholders %
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Mr. Tsu-yang Huang 60.00
Mr. Kun-hsiung Liao 25.00
Ms. Hsiu-chin Liao 15.00
Management: Mr. Tsu-yang Huang, General Manager
Name Nationality
Job Description
Mr. Tsu-yang Huang Taiwanese General Manager
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing of various types of incubators, chicken coops and related
agricultural equipment.
2. Selling of imported products to domestic markets.
Products: Brooders
Chicken coops
Hen-houses
Incubators
*Payment Terms*
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Sales
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Local : 30 - 90 days credit
Cash
Purchase
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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:
- DOUBLE EAGLE ENTERPRISE CO LTD
- REGROWTH TRADING CO LTD
- YIRHER CHEM & HORT CO LTD
- SUPERMACY INSTRUMENT CO LTD
- PACESETTER ENTERPRISE CO LTD
*Domestic Customers*
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Most of domestic sales are achieved through direct sales to chicken
farmers and selling a small percentage of goods to local customers.
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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There is no record of export since 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 : 4 OBTAINED SCORES :
48
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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 : FIRST
COMMERCIAL BANK CO LTD
Branch : Chungcheng
Dist,Taipei City
Branch Address : 10Fl, 30
Chungking South Rd Section 1 Chungcheng Dist Taipei City 100 (Head Office)
SWIFT Code : FCBKTWTP
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)
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Year Sales Assets Net Income
2006 $287,182.59 $332,527.21 $12,696.49
Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2004 $23,657.98 $0.00 $23,657.98
2005 $45,713.21 $0.00 $45,713.21
2006 $54,515.99 $0.00 $54,515.99
SC is considered small-sized in its line with a 14 years development
history. 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 3523 Farm
machinery and equipment, and parts,
Importing 5083 Farm/Garden
Machinery/Equip
Trading 3523 Farm
machinery and equipment, and parts,
Trading 5083 Farm/Garden
Machinery/Equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 8436 Agri
etc & poultry etc equip, inc incubators, parts
Importing 8436100000 Machinery for preparing animal feeds
Importing 8436210000 Poultry incubators and brooders
Importing 8436290000 Poultry-keeping machinery
Trading 8436 Agri
etc & poultry etc equip, inc incubators, parts
Trading 8436100000 Machinery
for preparing animal feeds
Trading 8436210000 Poultry
incubators and brooders
Trading 8436290000 Poultry-keeping
machinery
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Brooders
Trader Hen-houses
Trader Chicken
coops
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Asia
Importing from Japan
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%)