MIRA
INFORM REPORT
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Report Date : |
17.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
DAH LIAN MACHINE CO. LTD |
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Registered Office : |
1860 Chung Yang Rd Section 2 Chutang Hsiang Changhwa, Hsien 525, |
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Country : |
Taiwan |
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Date of Incorporation : |
16.06.1988 |
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Com. Reg. No.: |
22946966 |
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Legal Form : |
Private Limited |
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Line of Business : |
Subject is engaged in Research and development of
technologies related to fastener making machinery. Manufacturing of various types of heading machine, thread
rolling machine, and other special purpose machinery. Selling to both domestic and international markets. |
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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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
COMPANY NAME & ADDRESS
DAH-LIAN MACHINE CO LTD
1860 CHUNG YANG RD SECTION 2 CHUTANG HSIANG CHANGHWA, HSIEN 525, TAIWAN
TEL: [+886] 4-8976031
FAX: [+886] 4-8974949
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 16, 1988
REGISTRATION NO. :
22946966
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. THOMAS CHENG-HO WU (CHAIRMAN)
STAFF STRENGTH :
17
CAPITAL :
US$ 241,400
BUSINESS LINE :
MANUFACTURER
TURNOVER :
US$1,623,337.36 (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
UP TO USD 40,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.2940 = 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
: 500 square meters (Approx.)
Location
: Changhwa Hsien
Type of building : Industrial building
Property status : Rented
Comment
: Serves as office and
factory
Other Contact Details
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Fax no : 4-8973011
Website :
www.twfastener.org
Previous Contact Details
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Address :
84-8 Hu Tong Lane Yuan Lu Rd Changhwa Hsien 514
Tel no. : 4-8974946
*Corporate & Organization Structure*
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A small -sized company operated and managed by the owner and
an experienced team of professionals.
*Licenses & Permits*
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License number : 9968048000
Date issued :
12 September, 2007
Issuing authority : Industrial Development Bureau, MOEA
Type of license : Factory license
*Reputation*
==========
Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative
information.
Web site: www.screwmachine.com.tw The design is professional and the content
is well organized. At present it is in English version.
Email : dahlian@ms25.hinet.net
For the past 20 years there is no record of litigation.
*Major Shareholders*
=================
Total number of shareholders : 1
Total number of shares : n/a
No.
Shareholders
Number Amount %
1 Mr.
Thomas Cheng-ho Wu n/a n/a 100.00
Management :
Ms. Jean Lin, Executive
Mr. Thomas Cheng-ho Wu, General Manager
Name Nationality Job Description
Ms. Jean Lin Taiwanese Executive Sales
Mr. Thomas Cheng-ho Wu
Taiwanese General
Manager
*Key Personnel*
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Mr. Thomas Cheng-ho Wu
Founder
: Sole-founder
Work experience :
More than 19 years experience
Responsibilities : Handles the daily operation of the
firm including all financials, sales and legal matters
Resident status : Taiwan
*Main Products & Services*
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Specializes in the following areas of work:
1. Research and development of technologies related to
fastener making machinery.
2. Manufacturing of various types of heading machine, thread
rolling machine, and other special purpose machinery.
3. Selling to both domestic and international markets.
Products also include:
- Self-drilling screw forming machine
- Self-drilling washer assembly machine
- High speed thread rolling machine
Products : Blind rivet assembly machine
Blind rivet machine
Blind rivet making machine
Bolt former machines
Bolt
pointing machine
*Payment Terms*
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Sales
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Local : 30-90 days
credit
Cash
Export : Letter of
Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : 30-90 days
credit
*Competitors*
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The following
locally based companies supply similar range of products :
- CHEN FWA INDUSTRIAL CO LTD
- CHUN ZU MACHINERY INDUSTRY CO LTD
- KIM UNION INDUSTRIAL CO LTD
- LIAN FENG MACHINE CO LTD
- MING YANG MACHINERY CO LTD
*Local Distribution Network*
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Approximately 20% of the annual turnover is attributed to
local sales.
*International Trade Activity*
======================
The "import" figures listed above, are not the
actual products being imported by DAH-LIAN, but a small percentage of returned
goods manufactured by the firm.
At the time of preparing this report, the Ministry of
Economic Affairs had not yet released trade figures for 2007.
*Export Markets*
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Approximately 80% of the annual turnover is attributed to
export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 52
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Rating Key |
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 Taiwan corporate
law for public disclosure of detailed financials.
Although financial summaries were obtained for reference.
*BANK DETAILS*
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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
*Int´l Trade Activity (Currency: U.S. $'s)
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Year
Imports Exports Total
2004 $21,000.00 $550,000.00 $571,000.00
2005
$29,000.00 $500,000.00 $529,000.00
2006
$34,000.00 $840,000.00 $874,000.00
*Financial Summary (Currency: U.S. $'s)
==============================
Year
Sales Assets Net Income
2006
$1,623,337.36
$72,853.69
$89,480.05
SC is considered small-sized in its line with an acceptable base to come
into credit dealings of small amount.
Attached: trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Exporting 3315 Iron
or steel nails, spikes, brads, staples, and tacks
Exporting 3423 Hand
and edge tools, except machine tools and hand saws
Exporting 3451 Screw
Machine Products
Exporting 3546 Power
driven hand tools, and parts
Exporting 3559 Special
industry machinery, and parts
Exporting 3965 Needles,
pins, buttons, and clothing fasteners
Exporting 5084 Industrial
Machinery/Equip
Manufacturing 3315 Iron or steel nails, spikes,
brads, staples, and tacks
Manufacturing 3423 Hand and edge tools, except
machine tools and hand saws
Manufacturing 3451 Screw Machine Products
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Exporting 3926908500
Fasteners, in clips suitable
for use in a mechanical attaching device
Exporting 7307290030
Nipples, pipe and tube, of
stainless steel
Exporting 7317 Nails, tacks, drawing
pins etc of iron or steel
Exporting 7318 Screws, bolts, nuts,
washers etc, iron or steel
Exporting 7318152040
Bent bolts of iron or steel,
having shanks or threads with a diameter of 6 mm or more
Exporting 7318190000
Threaded articles of iron or
steel (not bolts, nuts or screws)
Exporting 7318220000
Washers other than lock
washers, iron or steel
Exporting 7326909090
Other articles of iron or
steel
Exporting 8308100000
Hooks, eyes and eyelets, of
base metal
Exporting 8419895075
Industrial machinery, plant
or equipment for the treatment of materials, involving a change in temperature
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Exporter Drill
pointing machine
Exporter Fasteners
Exporter Furniture
screws
Exporter High
speed heading machine
Exporter Nipples
Exporter Nipple
making machine
Exporter Nails
Exporter Nail
rolling machine
Exporter Nail
making machines
Exporter Multi-stage
bolt
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Africa
Exporting to Argentina
Exporting to Asia
Exporting to Australia
Exporting to Europe
Exporting to India
Exporting to Indonesia
Exporting to Iran
Exporting to Italy
Exporting to Middle East
Exporting to Oceania
Exporting to South Africa
Exporting to South America
Exporting to Turkey
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%)