MIRA
INFORM REPORT
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Report Date : |
03.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
SYN GREEN ENTERPRISE CO LTD |
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Registered Office : |
3FL, 9 Tung Hu Rd Neihu Dist Taipei City 114 |
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Country : |
Taiwan |
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Date of Incorporation : |
07.12.1995 |
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Com. Reg. No.: |
89632704 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing a wide range of condiments and spices. Value-added processing of condiments, baking tea and related products. |
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 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
SYN
GREEN ENTERPRISE CO LTD
3FL, 9 TUNG HU RD NEIHU DIST
TAIPEI CITY 114, TAIWAN
TEL: 886-2-26325024 FAX: 886-2-26320119
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 7, 1995
REGISTRATION NO. :
89632704
LEGAL FORM : PRIVATE
CHIEF EXECUTIVE :
MR. CHI-JUNG HSIEH (CHAIRMAN)
STAFF STRENGTH :
5
CAPITAL :
US$ 164,204
BUSINESS LINE :
TRADER & MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.35211 = 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
Registered Legal Address: 9Fl, 198 Ta Tung Rd Section 3 Hsihchih City
Taipei Hsien 221
*Licenses & Permits*
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License number : 9968968200
Date issued : 26 March,
2003
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
*Office & Facilities*
===============
Size :
98 sq.meters (Approx)
Location :
Taipei city
Property status : Rented
Type of building :
Residential district
Previous address : 1Fl, 27, Lane 30, Su Wei Rd Wuku Hsiang Taipei Hsien
248
*Factories, Size & Locations*
======================
Size : 140
sq. meters (Approx)
Location : Taipei
Hsien
Type of building : Industrial
building
Property status :
Rented
SC is not known to host website of its own at present.
E-mail: konsari@ms34.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: n/a
Shareholders Country Number Amount %
Mr. Chi-jung Hsieh Taiwan n/a n/a 99.00
Undisclosed Shareholders n/a n/a n/a 1.00
Management: Ms. Chiu-chen Hsieh,
Executive
Mr.
Chi-jung Hsieh, General Manager
Name Nationality
Job Description Dept.
/ Division
Ms. Chiu-chen Hsieh Taiwanese Executive Sales
Mr. Chi-jung Hsieh Taiwanese
General Manager -
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing a wide range of condiments and spices.
2. Value-added processing of condiments, baking tea and related
products.
3. Domestic sales of finished products.
Products: Baking tea
Black pepper
Chili pepper
Condiments
Fagara
*Payment Terms*
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Sales
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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)
Telegraphic
Transfer (T/T)
*Competitors*
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The following locally based companies supply similar range of products :
- BLACK FLAG FOODS CO
- CHAIO LIEN FOODS PROCESSING FACTORY LTD
- CHENSHIN NONG CHAN GONG FACTORY
- DONG SHENG FARM-PRODUCTS WORK FACTORY
- HSIN CHANG FOOD MILL CORP
- IUAN CHEN FOOD PRODUCTS PROCESSING PLANT FACTORY
- NEW FENG YIH FROZEN CO LTD
*Domestic Customers*
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Direct sales to local traders which export under their own corporate
entities.
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*International Trade Activity*
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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.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : AGUSH ENTERPRISE CO LTD
Address : 3Fl, 9 Tung Hu Rd Neihu Dist Taipei City 114 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Importer
Industry : Food Products
Company Name : GREEN LEADER FOODS CO LTD
Address : 9fl, 198 Datong Rd Section 3 Hsihchih City 221 Taipei Hsien
Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Food Products
Company Name : KONSARI ENTERPRISE CO LTD
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Consumer Products
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 : BANK OF TAIWAN
Branch : Chungcheng Dist,Taipei City
Branch Address : 120 Chung Ching South Rd Section 1
SWIFT Code : BKTWTWTP
*Financial Summary (Currency:
U.S. $'s)
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Year Sales Assets Net Income
2007 $135,787.57 $114,665.06 $8,147.25
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2005 $42,000.00 $0.00 $42,000.00
2006 $63,000.00 $0.00 $63,000.00
2007 $71,000.00 $0.00 $71,000.00
SC is considered small-sized in its line with a development history of
13 years. A credit line at the above amount appears to be beyond SC’s
capacities, while a credit line up to USD 5,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2035 Pickled
fruits and vegetables, vegetable sauces and seasonings, and salad dressings
Manufacturing 2000 Food
and Kindred Products
Manufacturing 2035 Pickled
fruits and vegetables, vegetable sauces and seasonings, and salad dressings
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 0904120000 Pepper of the genus piper, crushed or ground
Manufacturing 0703 Onions,
shallots, garlic, leeks etc, fr or chilled
Manufacturing 0709600020 Chili
peppers, fresh or chilled
Manufacturing 0712906000 Fennel,
marjoram, parsley, savory and tarragon, crude or not manufactured, dried
Manufacturing 0904 Pepper,
genus piper; genus capsicum or pimenta
Manufacturing 0904120000 Pepper
of the genus piper, crushed or ground
Manufacturing 0909 Seeds,
anise, badian, fennel, coriander, cumin etc
Manufacturing 0910990000 Spices
Manufacturing 2103906060 Mixed
condiments and mixed seasonings
Manufacturing 3301301020 Black
pepper
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Turmeric
Manufacturer Star anise
Manufacturer Chili pepper
Manufacturer Baking tea
Manufacturer Spices
Manufacturer Fagara
Manufacturer Garlic
Manufacturer Savory
Manufacturer Mints
Manufacturer Black pepper
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Asia
Importing from India
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.43.30 |
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UK Pound |
1 |
Rs.86.13 |
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Euro |
1 |
Rs.68.72 |
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%)