MIRA
INFORM REPORT
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Report Date : |
21.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
JERN YAO ENTERPRISES CO LTD |
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Registered Office : |
109 Sheng Li Rd Jente Hsiang Tainan Hsien 717 |
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Country : |
Taiwan |
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Date of Incorporation : |
05.07.1988 |
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Com. Reg. No.: |
22965105 |
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Legal Form : |
Private Company with Limited Liability |
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Line of Business : |
Research and Development of Bolt Forming Machines and other Related
Industry Machinery |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 500,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name and address of the company
JERN
YAO ENTERPRISES CO LTD
109 SHENG LI RD JENTE HSIANG TAINAN HSIEN
717, TAIWAN
TEL: 886-6-2700011 FAX: 886-6-2700055
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 5, 1988
REGISTRATION NO. :
22965105
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. TED CHENG-TEH TSAI (CHAIRMAN)
STAFF STRENGTH :
158
CAPITAL :
US$ 8,811,104
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 500,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.31300 = 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*
===============
Building size : 4,500 sq. feet (Approx.)
Location : Tainan Hsien
Facilities : Modern
Property status : Rented
Type of building : Industrial building
Comment : Serves as office and factory.
Previous Contact Details
---------------------------------
Address : 22 Kai Fa 4th Rd Pao An Village Jente
Hsiang Tainan Hsien 717 Taiwan
Tel. no. : 6-2666623
Fax no. : 6-2666698
*Licenses & Permits*
================
License number : 99711309
Date issued : 23 October, 2007
Issuing authority : Industrial Development Bureau, MOEA
*Corporate & Organization Structure*
============================
A large specialized company operated and managed by an experienced team
of professionals.
*Industry Ranking*
==============
Generally regarded as one of the Top 5000 Companies in Manufacturing
Industry of Taiwan, details of rank are as follows:
Year Rank
------- --------
2004 2612
2005 2648
2006 2434
*Sales Ranking*
============
Generally regarded as one of the Top 500 Companies in terms of sales,
details of rank as follows:
Year Rank
------ ------
2006 1436
*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.jernyao.com
the design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: sales@jernyao.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders : 6
Total number of shares : 9,800,000
Shareholders Number Amount % of
Shares
---------------- ---------- ----------
---------------
Mr. Paul Tung-feng Lin 4,280,000.00 n/a 43.67
Mr. Chen-yang Tang 1,720,000.00 n/a 17.55
Mr. Ted Cheng-teh Tsai 1,320,000.00 n/a
13.47
Ms. Chin-mei Yang 1,280,000.00
n/a 13.06
Mr. Chung-yi Yang 600,000.00
n/a 6.12
Mr. Tso-hsiang Hsu 600,000.00
n/a 6.12
Management: Ms. Feng-ling Hsu,
Manager
Ms. Carol Tsai, Manager
Mr. Paul Tung-feng Lin, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Feng-ling Hsu Taiwanese
Manager Human Resources
Ms. Carol Tsai Taiwanese
Manager Sales
Mr. Paul Tung-feng Lin Taiwanese General Manager -
*Key Personnel*
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(1)
Mr. Ted Cheng-teh Tsai
Resident status : Taiwan
Founder :
Co-Founder
Work experience : More than
19 years
Responsibilities : Handles
the daily operation of the firm including all financials and legal matters.
(2)
Ms. Feng-ling Hsu
Tel. no. : 6-2700066
E-mail :
addept@jernyao.com
(3)
Ms. Carol Tsai
E-mail :
carol@jernyao.com
*Main Products & Services*
======================
Specializes in the following main areas of work:
1. Research and Development of bolt forming machines and other related
industry machinery.
2. Importing of raw materials / components for in-house OEM production
3. Manufacturing wide range of parts forming machines, taps, dies and
tools and thread rolling die plates.
4. Export and domestic sales of its finished products.
Products: Automatic regulating machines
Bolt Formers
Bolt formers
Bolt forming
machines
Interchange
tools
*Brand*
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JERN YAO
*Payment Terms*
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Sales
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Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Document against Acceptance
(D/A)
Telegraphic
Transfer (T/T)
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)
Open account /DA
terms with settlement using Telegraphic Transfer (T/T)
*Associations*
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Member of:
- International Trade Association of Republic of China (ITAC)
*Competitors*
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The following locally based companies supply similar range of products:
- CHUN ZU MACHINERY INDUSTRY CO LTD
- DAH-LIAN MACHINE CO LTD
- FENG PEI CO LTD
- ULIH TIDE ENTERPRISE CO LTD
- TAILY CORP
*Local Distribution Network*
======================
An estimated 32% of the annual turnover is attributed to local
sales.
*Export Markets*
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An estimated 68% of the annual turnover is attributed to export.
*Overseas Suppliers*
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Major overseas suppliers include:
Country Supplier's Name
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USA
TRUFORM EQUIPMENT INC
Canada LOCKSON
INT'L CO
Brazil
J&J FASTENERS COM IMPORT LTDA
Germany MOEHLING
GMBH & CO
Italy
PROGRESSA MACHINE UTENSILI
Japan OSY
LTD
South Korea HYUNG SUNG
CORP
India MK
THAKKER
Turkey BIMEKS
CELIK TICARET AS
*International Trade Ranking*
=======================
The firm has been ranked among Taiwan's Top Importers/Exporters based on
the standard measured by the Board of Foreign Trade (BOFT), details of rank are
as follows:
Year Rank
----- ------
2005 2147
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.
*(Subsidiaries, Joint-ventures & Affiliates)
==============================
Company Name : JERN YAO
MACHINERY (SHANGHAI) CO LTD
Address :
5318 Wai Qing Gong Rd Qingpu Hsien Shanghai 201707 China
Country :
China
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Machinery
PAYMENT RATING : 3 OBTAINED SCORES :
71
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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.
*BANK DETAILS*
===============
Bank Name : BANK OF TAIWAN
Branch : Central Dist,
Tainan City
Branch Address: 155 Fu Chien Rd Section 1
SWIFT Code : BKTWTWTP
Bank Name : SUNNY COMMERCIAL BANK CO LTD
SWIFT Code : This bank does not have a SWIFT Code
*Financial Summary (Currency: U.S. $'s)
=============================
Year Sales Assets Net Income
2004 $21,924,812.03 $23,368,421.05 n/a
2005 $23,033,175.36 $24,549,763.03 $1,611,374.41
2006 $27,176,541.72 $34,250,302.30 $2,123,035.07
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports Total
1996 $100,000.00 $9,700,000.00 $9,800,000.00
1997 $200,000.00 $7,000,000.00 $7,200,000.00
1998 $100,000.00 $7,900,000.00 $8,000,000.00
2004 $200,000.00 $17,000,000.00 $17,200,000.00
2005 $303,646.00 $15,435,855.99 $15,739,501.99
2006 $285,824.00 $18,535,610.01 $18,821,434.01
SC is considered medium-sized in its line with a long history. Taking
into consideration of SC’s general performance, a credit line up to USD 500,000
appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3500 Industrial
Machinery & Equipment
Exporting 3542 Machine
tools metal-forming, and parts,
Exporting 3546 Power
driven hand tools, and parts,
Exporting 3547 Rolling
mill machinery, and parts,
Importing 5065 Electronic
Parts/Equip, NEC
Manufacturing 3500 Industrial
Machinery & Equipment
Manufacturing 3542 Machine
tools metal-forming, and parts,
Manufacturing 3547 Rolling
mill machinery, and parts,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8207 Interchange
tools for hand- or machine-tools, bmpt
Exporting 8459700040 Threading or tapping machines, metal removing, except
numerically controlled,
used
or rebuilt
Exporting 8459704000 Threading or tapping machines, metal removing, numerically
controlled
Exporting 8462 Machine
tools for forging, bending, stamping etc
Exporting 8463 Machine
tools for working metal
Exporting 8466 Parts
etc for machine tools of head 8456 to 8465
Exporting 8479 Machines
etc having individual functions, parts
Importing 9032 Automatic
regulating or control instruments; parts
Manufacturing 8459700040 Threading
or tapping machines, metal removing, except numerically controlled,
used
or rebuilt
Manufacturing 8459704000 Threading
or tapping machines, metal removing, numerically controlled
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Automatic
regulating machines
Manufacturer Bolt formers
Manufacturer Nut forming machines
Trader Bolt
Formers
Trader Machine
parts
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Argentina
Exporting to Asia
Exporting to Australia
Exporting to Brazil
Exporting to Canada
Exporting to China
Exporting to Czech Republic
Exporting to Europe
Exporting to France
Exporting to Germany
Exporting to Hong Kong
Exporting to India
Exporting to Indonesia
Exporting to Israel
Exporting to Italy
Exporting to Japan
Exporting to Macau
Exporting to Malaysia
Exporting to Middle East
Exporting to Philippines
Exporting to Poland
Exporting to Portugal
Exporting to Singapore
Exporting to South Africa
Exporting to South Korea
Exporting to Spain
Exporting to Sweden
Exporting to Thailand
Exporting to Turkey
Exporting to UAE
Exporting to USA
Exporting to United Kingdom
Exporting to Vietnam
Importing from Asia
Importing from Brazil
Importing from Canada
Importing from China
Importing from Germany
Importing from India
Importing from Italy
Importing from Japan
Importing from Middle East
Importing from North America
Importing from South Korea
Importing from Turkey
Importing from USA
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%)