MIRA
INFORM REPORT
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Report Date : |
29.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
YIEH CORP |
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Registered Office : |
3FL, 6 YI TA RD YENCHAO HSIANG KAOHSIUNG HSIEN 824 |
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Country : |
Taiwan |
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Date of Incorporation : |
16.12.1997 |
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Com. Reg. No.: |
16122351 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading and Supplying Prime Carbon, Stainless Steel Seamless, Welded
Pipes and Tube Fitting |
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 : |
USD 350,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address of the company
YIEH
CORP
3FL, 6 YI TA RD YENCHAO HSIANG KAOHSIUNG
HSIEN 824, TAIWAN
TEL: 886-7-6151000 FAX: 886- 7-6153000
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 16, 1997
REGISTRATION NO. :
16122351
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. JAMES CHIH-LUNG LIN (CHAIRMAN)
STAFF STRENGTH :
86
CAPITAL :
US$ 2,172,601
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 350,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.2860 = 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*
=============
Incorporated as :
YTEH CORP
Date of incorporation : 6 December, 1997
Changed name to : YIEH CORP
*Capital Details*
============
Authorized capital : NTD
72,000,000.00
Paid-up capital : NTD 1,000,000.00
*Office & Facilities*
===============
Size : 1,722 sq. meters (Approx.)
Location : Kaohsiung Hsien
Property status : Rented
Type of building : Industrial building
Other contact details
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Tel nos. : 7-6117179 / 6111969
Fax no. : 7-6117100
Previous Contact Details
-----------------------------------
Address :
296 Yu Liao Rd Chiaotou Hsiang Kaohsiung Hsien 825
Tel no. : 7-6117197
Fax no. : 7-6124797
*Factories, Size & Locations*
======================
The company is a trading house which has no warehousing facilities, nor
manufacturing premises.
*Corporate & Organization Structure*
===========================
A medium-sized company mainly operated and managed by an experienced team
of professionals.
Note: In fact, YIEH CORP is one of the many companies owned and
operating under the YIEH PHUI Group of companies, which is one of Taiwan's
largest business groups.
*Industry Ranking*
==============
Generally regarded as one of the Top 5000 Companies in Non-Manufacturing
Industry of Taiwan.
Details of rank are as follows:
Year Rank
------- ---------
2004 1,819
2005 -
2006 2,400
*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.yieh.com
the design is professional and the content is well organized. At present it is
in and English version.
E-mail: ec@yieh.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name No. of Shares
-------------------------- ------------------
YIEH CORP 100,000
Undisclosed Shareholder
Management: Mr. Alex Chang-ju
Tsai, Manager
Mr. Peter Yi-chih Tseng, Executive
Mr. Brian Mu-jung Huang, Manager
Name Nationality
Job Description Dept. / Division
Mr. Alex Chang-ju Tsai Taiwanese
Manager Marketing
Mr. Peter Yi-chih Tseng Taiwanese
Executive Sales
Mr. Brian Mu-jung Huang Taiwanese
Manager Sales
Ms. Monica Tsai Taiwanese
Assistant Vice President -
Mr. Kenneth Ching-kuo Wang Taiwanese
Vice President -
*Key Personnel*
============
(1)
Mr. James Chih-lung Lin
Founder :
Co-founder
Resident status : Taiwan
Work experience : More than 10
years
Responsibilities : Handles the
daily operation of the firm including all financial and legal matters.
(2)
Mr Brian Mu-jung Huang
Tel no. :
7-6151000 Ext : 107
(3)
Ms. Monica Tsai
Tel no. :
7-6117197 Ext 134
Email :
monica@yieh.com
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Trading and supplying prime
carbon, stainless steel seamless, welded pipes and tube fitting.
2. Domestic purchases of a wide
range of stainless steel related raw materials.
3. Sales and distribution to
local and export markets.
Products are supplied in the following industries:
- Petrochemical
- Constructions
- Fluid and Food
- Boiler and Heat Exchanger
- Cooler and Condenser
- Precise apparatus and Equipments
- Aviation and Space Flighting
Products also include:
1. E. R. W. Carbon Black/Galvanized Steel Pipe and Tube
2. Hot Dipped Galvanized Steel, Galvalume, and Galfan
3. Pre-painted Hot Dipped Galvanized Galvalume, Galfan Coated Steel
4. Seamless stainless steel pipe and tube
5. Welded stainless steel pipes and tubes
6. Stainless and high temperature alloy steel pipes and tubes
7. Copper brazed carbon steel pipe used for condenser and refrigerator.
8. ERW Carbon Steel Pipe ASTM
Products: Alloy steel bars
Angle bars
Billets, stainless
steel
Carbon bars
Carbon black, steel
bars
*Payment Terms*
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Sales
------
Local : 30-90 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : 30-90 days credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Competitors*
===========
The following locally based firms supply similar range of products:
- TRUEMARK INDUSTRIAL CORP
- YEUN CHYANG INDUSTRIAL CO LTD
- CHING HAI ENTERPRISE CO LTD
- JAN METAL INDUSTRY CO LTD
- YIEH MAU CORP (Also part of
the YIEH PHUI Group of companies)
*Local Distribution Network*
======================
Approximately 3% of the annual turnover is attributed to local
sales.
*Export Markets*
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Approximately 97% of the annual turnover is attributed to export.
*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
------ ----------
2003 1182
2004 1037
2005 1538
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name: YIEH CORP - GUANGZHOU OFFICE
Address : Rm 1010
Nanfang Securities Bldg 140-148 Tiyu East Rd Guangzhou 510620 Guangdong China
Country : China
Relationship : Affiliate
Legal Form : Private company
with limited liability
Company Type : Manufacturer
Industry : Metals &
Metal Products
Company Name : YIEH CORP - SHANGHAI OFFICE
Address : Rm 503,
Zhongda Square 989 Dongfang Rd China
Country : China
Relationship : Affiliate
Legal Form : Private company
with limited liability
Company Type : Manufacturer
Industry : Metals &
Metal Products
Company Name : YIEH HSING ENTERPRISE CO LTD
Address : 369 Pao Mi Rd
Kangshan Chen 820 Kaohsiung Hsien Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Public Listed
Company
Company Type : Manufacturer
Industry : Metals &
Metal Products
Company Name : YIEH MAU CORP
Address : 6 E-Da Road
Yenchao Hsiang 824 Kaohsiung Hsien Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Public Company
Company Type : Manufacturer
Industry : Metals &
Metal Products
Company Name : YIEH PHUI ENTERPRISE CO LTD
Address : 369 Yuliao Rd
Yu Liao Tsun Chiaotou Hsiang 825 Kaohsiung Hsien Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Public Listed
Company
Company Type : Manufacturer
Industry : Metals &
Metal Products
Company Name : YIEH UNITED STEEL CORP
Address : 600 Shing
Loong St Jia Hsing Lii Kangshan Chen 820 Kaohsiung Hsien Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Public Company
applying for Stock Market Listing
Company Type : Manufacturer
Industry : Metals &
Metal Products
*Subsidiaries, Joint-ventures & Affiliates*
==============================
Maintains offices in Shanghai and Guangzhou, China.
*Strategic Partners & Alliances*
=========================
Group/Alliance name : E-UNITED GROUP (Formerly known as the YIEH GROUP).
Group members : - YIEH
UNITED STEEL CORP
- YIEH PHUI ENTERPRISE CO LTD
- YIEH-MAU CORP
- YIEH HSING ENTERPRISE CO LTD
- E-DA HOSPITAL
- I-SHOU UNIVERSITY
PAYMENT RATING : 3 OBTAINED
SCORES : 74
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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 : HONGKONG &
SHANGHAI BANKING CORP
Branch : Kaohsiung
Swiftcode : HSBCTWTP
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
2004 $40,120,300.75 $4,000,000.00 $836,992.48
2006 $27,720,677.15 $7,255,139.06 $1,336,759.37
*Int´l Trade Activity (Currency: U.S. $'s)
=============================
Year Imports Exports Total
2001 $0.00 $13,514,280.99 $13,514,280.99
2002 $141,079.99 $18,381,473.99 $18,522,553.98
2003 $180,092.99 $23,060,951.99 $23,241,044.98
2004 $0.00 $35,251,730.62 $35,251,730.62
2005 $154.00 $22,985,712.99 $22,985,866.99
2006 $100,000.00 $27,000,000.00 $27,100,000.00
SC is considered medium-sized in its line with favorable background. Taking
into consideration of SC’s general performance, a credit line up to USD 350,000
appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 331207 Steel
Plate/Sheet/Strip
Trading 3316 Cold-Rolled
Steel Products
Trading 3317 Steel
Pipe & Tubes
Trading 3400 Fabricated
Metal Products
Trading 3499 Fabricated
metal products,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 7210300010 Flat-rolled
high-strength iron or no alloy steel 600mm or more wide, electrolytic
ally
plated or coated with zinc
Trading 7219110000 Flat-rolled
stainless steel 600mm wide or more hot-rolled coiled over10mm thick
Trading 7219140090 Stainless
stl flat-rolld 600-un 1370mm wide hr coils un 3mm thk, other
Trading 7219210000 Flat-rolled
stainless steel 600mm wide or more hot-rolled not coiled over 10mm
thick
Trading 7219220000 Flat-rolled
stainless steel 600mm or more wide hot-rolled not coiled 4.75 but not
over
10mm thick
Trading 7219230000 Flat-rolled
stainless steel 600mm or more wide hot-rolled not coiled 3 to under
4.75mm
thick
Trading 721933 Flat rolled
products of stainless steel of a width of 600mm or more; cold- rolled;
of a thickness exceeding 1mm but less than
3mm
Trading 721934 Flat rolled
products of stainless steel of a width of 600mm or more; cold-rolled; of
a
thickness of 0.5mm or more but less than 1mm
Trading 721935 Flat rolled
products of stainless steel of a width of 600mm or more; cold-rolled; of
a
thickness of less than 0.5mm
Trading 722020 Flat rolled
products of stainless steel, of a width of less than 600mm; not futher
worked
than cold-rolled
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Welded
pipe
Trader Stainless
steel flat products
Trader Stainless steel
slabs
Trader Billets,
stainless steel
Trader Wire rods,
stainless steel
Trader Stainless
steel wires
Trader Stainless
steel pipes
Trader Stainless
steel tubes
Trader Hot rolled
steel coils
Trader Cold rolled
carbon steel
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Africa
Exporting to Argentina
Exporting to Asia
Exporting to Australia
Exporting to Belgium
Exporting to Brazil
Exporting to Canada
Exporting to China
Exporting to Denmark
Exporting to Egypt
Exporting to Europe
Exporting to Hong Kong
Exporting to India
Exporting to Indonesia
Exporting to Iran
Exporting to Israel
Exporting to Japan
Exporting to Kenya
Exporting to Middle East
Exporting to Netherlands
Exporting to New Zealand
Exporting to North America
Exporting to Oceania
Exporting to Pakistan
Exporting to Saudi Arabia
Exporting to Singapore
Exporting to South Africa
Exporting to South America
Exporting to Turkey
Exporting to UAE
Exporting to USA
Exporting to Uruguay
Exporting to Vietnam
Importing from Asia
Importing from China
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%)