MIRA
INFORM REPORT
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Report Date : |
15.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
WINNER BROTHERS INDUSTRIAL CORP |
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Registered Office : |
Youth Industrial Dist 16 Shih Yi Rd
Yangmei Chen Taoyuan Hsien 326 |
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Country : |
Taiwan |
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Date of Incorporation : |
19.04.1976 |
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Com. Reg. No.: |
04637995 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing chemical raw materials for production of printing inks |
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 : |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name and address of the company
WINNER BROTHERS
INDUSTRIAL CORP
YOUTH INDUSTRIAL DIST 16 SHIH YI RD
YANGMEI CHEN TAOYUAN HSIEN 326, TAIWAN
TEL: 886-3-4642266 FAX: 886-3-4642255
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 19, 1976
REGISTRATION NO. :
04637995
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CHEN-CHIEH HUANG (CHAIRMAN)
STAFF STRENGTH :
25
CAPITAL :
US$ 784,550
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.43261 = 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 : 99621148
Date issued : 2
December, 1987
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
*Office & Facilities*
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Building size : 1,146 sq. feet (Approx.)
Location :
Taoyuan Hsien
Property status : Owned by
WINNER BROTHERS INDUSTRIAL CORP
Facilities :
Modern
Type of building :
Industrial Bldg
Comment : Serves
as office and factory.
Other tel. no. :
3-4642299
*Corporate & Organization Structure*
===========================
A small-medium sized specialized company operated and managed by the
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.
E-mail: winnerb@ms15.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name No. of Shares
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Mr. Chen-chieh Huang 60,000
Mr. Chin-yu Hsu 60,000
Mr. Chian-lin Huang 35,000
Ms. Kai-lin Huang 35,000
Management: Ms. Sophia Wang,
Manager
Mr. Chen-chieh Huang, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Sophia Wang Taiwanese Manager Sales
Mr. Chen-chieh Huang Taiwanese General Manager -
*Key Personnel*
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Mr. Chen-chieh Huang
Resident status :
Taiwan
Founder :
Co-Founder
Work experience : More
than 30 years
Responsibilities :
Handles the daily operation of the firm including all financial and legal
matters
*Main Products & Services*
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Specializing in the following main areas of work:
1. Importing chemical raw materials for production of printing inks.
2. Manufacturing a wide range of printing inks used by printing
industry.
3. Domestic sales of its printing ink products.
Products: Alcohol inks
Chemical
products
Pigments
Polymers
Printing inks
*Payment Terms*
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Revenue
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Local : Cash
30-90 days credit
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)
*Competitors*
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The following locally based companies supply similar range of products :
- CHI FENG PRINTING INK CO LTD
- HSIN MEI KUANG CO LTD
- INTERNATIONAL INDUSTRIAL CORP
- DEGUSSA TAIWAN LTD
- NEW PRISMATIC ENTERPRISE CO LTD
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*Export Markets*
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Prior to 2006, the firm did export a small percentage of production, but
exports diminished in 2006. There is no record of export in 2006 since the
prime focus of the firm's activity is concentrated on local sales only.
NOTE: At the time of performing this report, the 2007 export figures had
not yet been released by the Ministry of Economic Affairs which monitors exports
and imports.
*LOCAL BRANCHES & MANAGEMENT*
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Branch: WINNER BROTHERS INDUSTRIAL CORP (BRANCH OFFICE-2) - TAIPEI CITY
Branch Address : 18Fl, 17, Lane 22, Hsien Yen Rd Wenshan Dist, Taipei City,
116
Branch Tel: [+886] 2-89313098
Branch Employees: 5
Branch: WINNER BROTHERS INDUSTRIAL CORP (BRANCH OFFICE-1) - TAICHUNG
CITY
Branch Address : 5Fl, 2-4, Lane 236, Hsueh Shih Rd North Dist, Taichung
City, 404
Branch Tel: [+886] 4-22362535
Branch Employees: 5
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name: WINNER LASER TECH CO LTD
Address: 16 Shih 1st Rd Youth Industrial Dist Yangmei Chen 326 Taoyuan
Hsien Taiwan
Country: Taiwan
Relationship: Affiliate
Legal Form: Private company with limited liability
Company Type: Manufacturer
Industry: Chemicals
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 : HUA NAN COMMERCIAL
BANK LTD
Branch : 173 Hsi Ning
South Rd Wanhua Dist Taipei City 108
Swift code : HNBKTWTP
*Financial Summary (Currency: U.S. $'s)
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Year Revenue Assets Net Income
2006 $1,321,039.90 $498,790.81 $94,619.11
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2004 $280,000.00 $37,000.00 $317,000.00
2005 $390,000.00 $46,000.00 $436,000.00
2006 $500,000.00 $0.00 $500,000.00
SC is considered an old-established business in small size. Credit in
the range of moderate amount can be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2816 Inorganic
pigments
Manufacturing 2800 Chemicals
and Allied Products
Manufacturing 2893 Printing
inks
Manufacturing 2899 Chemical
preparations,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3204170000 Pigments & preparations based thereon
Importing 3903900000 Polymers of styrene, in primary forms
Manufacturing 3215 Ink,
printing, writing, drawing etc, concern or not
Manufacturing 3215110060 Printing
Ink, black
Manufacturing 3800 Miscellaneous
chemical products
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Printing inks
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Asia
Importing from China
Importing from South Korea
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%)