MIRA
INFORM REPORT
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Report Date : |
21.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHINA SURGICAL DRESSINGS CENTER CO LTD |
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Registered Office : |
21, Lane 424, Fu Tien Li Chang Nan Rd Section 6 Changhwa City Changhwa
Hsien 500 |
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Country : |
Taiwan |
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Date of Incorporation : |
19.10.1966 |
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Com. Reg. No.: |
03088401 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Imports of materials and machinery for surgical cleaning preparations. Manufacturing of various types of surgical cleaning preparations and
supplies. Selling to both domestic and international markets. |
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 150,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
CHINA
SURGICAL DRESSINGS CENTER CO LTD
21, LANE 424, FU TIEN LI CHANG NAN RD
SECTION 6 CHANGHWA CITY CHANGHWA HSIEN 500,
TAIWAN
TEL: 886-4-7385026 FAX: 886-4-7384720
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 19, 1966
REGISTRATION NO. :
03088401
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. FENG-FU CHANG (PRESIDENT)
STAFF STRENGTH :
96
CAPITAL :
US$ 1,642,036
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 150,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.34866 = 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 History*
================
1947 - Established 1st manufacture in Chang-Hwa
Ho-Mei
1986
- Moved to new Chang-Hwa city address
1992
- Established Dong-Guan factory
1993
- Started operations of its second plant in Dongguan, Guangdong Province
China
1999
- Received Taiwan's Good Manufacturing Practice (GMP) certification
2004
- Moved to new Dong-Guan factory
*Licenses & Permits*
================
License number : 9964748700
Date issued : 30 June,
1983
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
*Office & Facilities*
===============
Size :
7,000 sq. meters (Approx)
Location :
Changhwa Hsien
Type of building : Industrial
building
Property status : Rented
Comment : Serves as
office and factory
Other Contact Details
-----------------------------
Tel no : 4-7321239
Fax no. : 4-7380678
E-mail : gmp@csd.com.tw;
info@csdmedic.com.tw
Website : www.csd.com.tw
Previous Contact Details
---------------------------------
Address : 4Fl Scandinavia
Bldg 230-232 Jen Ai Rd Section 4, Taipei City, 106
Tel no. : 2-27033798
Fax nos. : 2-27043212 /
27035864
*Corporate & Organization
Structure*
=============================
A medium sized company operated and managed by an experienced team of
professionals.
Organizational Chart
----------------------------
General Manager
|------Secretary
___________________________|______________________________
| | | | | |
Production | Administration
Domestics International Quality Assurance
|_Production | |_General
| |
| Control | | Affairs
Marketing Import &Export
|_R&D | |_Finance
| |
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|_Sales |_Shipping
I/T
Dept
www.csdmedic.com.tw
The design is professional and the content is well organized. At present it is
in Chinese, Japanese and English versions.
E-mail: csdd@ms10.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: 6
Total number of shares: 39,660
Shareholders Country Number Amount %
Mr. Michael Feng-lian Chang Taiwan 22,656.00 n/a 57.13
Mr. Teh-an Chang Taiwan
6,658.00 n/a 16.79
Mr. Feng-fu Chang Taiwan 6,108.00 n/a 15.40
Ms. Shu-fen Chiang Taiwan 4,238.00 n/a
10.68
Mr. Yen-tung Chang Taiwan 0.00 n/a 0.00
Mrs. Man-chang Chen Taiwan 0.00 n/a 0.00
Management: Mr. Chu-tien Yen,
Manager
Mr. Tom Yu-chan Chien, Executive
Mr. Michael Feng-lian Chang, General Manager
Name Nationality
Job Description Dept. / Division
Mr. Chu-tien Yen Taiwanese
Manager Purchasing
Mr. Tom Yu-chan Chien Taiwanese Executive Sales
Mr. Michael Feng-lian Chang Taiwanese
General Manager -
Mr. Feng-fu Chang Taiwanese
President -
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Imports of materials and machinery for surgical cleaning
preparations.
2. Manufacturing of various types of surgical cleaning preparations and
supplies.
3. Selling to both domestic and international markets.
Products: Absorbent cotton, wools
Absorbent
gauze
Bandages
Dental
products
First-aid kits
*Brand*
=====
CSD
EG-BAND
FREEPORE
GHTH
MAGIPORE
SUREPORE
*Payment Terms*
=============
Sales
------
Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchase
-------------
Local : 30-90 days credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Open account /DA
terms with settlement using TelegraphicTransfer (T/T)
*Association*
==========
Member of :
- Taiwan Medical Industry Association
*Competitors*
===========
The following locally based companies supply similar range of products :
- MOTEX HEALTHCARE CORP
- TAIWAN MAJOR CHEMICAL & PHARMACEUTICAL CORP
- FOUR PILLARS ENTERPRISE CO LTD
- MEDIPACK MEDICAL PACKAGING MFG CO
- TRONJEN TECHNOLOGY INC
*Machinery & Equipment*
=====================
Machinery/ Equipment include:
- HEPA
- Automatic machines
- Packing machines
*Quality Certification*
=================
Obtained the following certifications:
(1)
Type of certification : ISO 9001/EN46001
Issuing authority : CE
Year of certification : 1995
Approved number : 0086
(2)
Type of certification : CE mark
Year of certification : 1998
Approved number : 0434
(3)
Type of certification : Taiwan Good Manufacturing Practice (GMP)
Year of certification : 1999
(4)
Type of certification : ISO 13485:2003
CE 93/42/EEC
Issuing authority : N/A
Date of certification : May 2004
Other details :
Completed up grade
- Registered with the United States Food & Drug Administration (FDA
no 9014393).
*Local Distribution Network*
=======================
80% of the annual turnover is attributed to local sales directly to
local hospitals and pharmacies.
*Export Markets*
==============
20% of the annual turnover is attributed to export.
However, the above figures ONLY represents exports from Taiwan and not
exports made by the firm from China directly to overseas customers.
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name :
DONG GUAN XU DONG SURGICAL LTD
Address : Jin Yu Ling
Town Area Dong Cheng District Dongcheng Dist Dongguan Guangdong China
Country :
China
Relationship
: Affiliate
Legal Form :
Private company with limited liability
Company Type :
Trader
Industry :
Medical Equipment & Pharmaceutical
Company Name :
FENG-FUH MEDICAL SUPPLY MFG
Address : 19, Lane
424, Chang Nan Rd Section 6 Changhwa City 500 Changhwa Hsien Taiwan
Country :
Taiwan
Relationship :
Affiliate
Legal Form
: Private company with limited liability
Company Type :
Manufacturer
Industry :
Medical Equipment & Pharmaceutical
*Subsidiaries, Joint-ventures & Affiliates*
=================================
Maintains the following factories in Dongguan, Guangdong China:
Factory 1
------------
Land area : 12,000 sq.
meters
Factory 2
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Building area : 11,000 sq. meters
Facilities : Maintains
employee's dorm for 600 persons
Factory 3
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Employee : 500
Facilities : - Cleanroom
-
Buffer area & locker room
*Strategic Partners & Alliances*
=========================
Maintains strategic partnership with the following
companies/organization:
- CHINA BIOTECH CORP
- Guanzhou Research & Development Center for Irradiation Technology
(GZFZZX)
- SUNDER BIOMEDICAL TECH CO LTD
PAYMENT RATING : 3 OBTAINED SCORES :
62
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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*
==============
Bank Name : BANK
OF TAIWAN
Branch Chungcheng Dist,Taipei City
Branch Address : 120
Chung Ching South Rd Section 1 Chungcheng Dist Taipei City 100 (Head
Office)
SWIFT Code :
BKTWTWTP
Bank Name : HUA
NAN COMMERCIAL BANK LTD
Branch :
Chungcheng Dist,Taipei City
Branch Address : 38
Chung King South Rd Section 1 Chungcheng Dist Taipei City 100 (Head
Office)
SWIFT Code :
HNBKTWTP
*Financial Summary (Currency: U.S. $'s)
================================
Year Sales Net Income
2007 $7,423,053.71 $558,237.78
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports Total
1998 $1,500,000.00 $1,500,000.00 $3,000,000.00
2005 $2,230,000.00 $610,000.00 $2,840,000.00
2006 $2,790,000.00 $680,000.00 $3,470,000.00
2007 $3,260,000.00 $520,000.00 $3,780,000.00
SC is considered medium-sized in its line with a development history of 42
years. The above credit amount appears to be beyond SC’s capacities, while a
credit line up to USD 150,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2834 Pharmaceutical
preparations
Exporting 3843 Dental
equipment, supplies, and parts,
Exporting 5047 Medical/Dental
Equip/Supplies
Importing 3089 Plastics
products,
Importing 3565 Packaging
machinery, and parts,
Manufacturing 2834 Pharmaceutical
preparations
Manufacturing 2842 Specialty
cleaning, polishing, and sanitary preparations
Manufacturing 3841 Surgical
and medical instruments and apparatus,
Manufacturing 3843 Dental
equipment, supplies, and parts,
Manufacturing 5047 Medical/Dental
Equip/Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3000 Pharmaceutical
products
Exporting 5603110000 Nonwovens, whether or not impregnated, coated, covered or
laminated; of manmade filaments; weighing not more than 25 g/m2
Exporting 9018490000 Other instruments and appliances, used in dental sciences; and
parts and accessories, except dental drill engines
Importing 3926201010 Gloves,seamless,surgical & medical,of plastic
Importing 4015190000 Gloves, except surgical and medical gloves
Importing 5208112020 Unbleached poplin or broadcloth, greater than or equal to 85
percent by weight of cotton, weighing less than or equal to 100 g/m2, number 42
or less
Importing 5601210000 Wadding of tex mat & art thereof; tex fibers, < 5mm lgth
(flock), tex dust & mill neps: wadding; other articles of wadding of cotton
Importing 8422400000 Packing or wrapping machinery, (including heat-shrink wrapping
machinery)
Manufacturing 3000 Pharmaceutical
products
Manufacturing 3005 Bandages
etc coated etc or in retail medic etc form
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Bandages
Manufacturer Swabs
Manufacturer Pharmaceutical
wadding
Manufacturer Woven cotton
fabrics
Manufacturer Absorbent
gauze
Manufacturer Gauze sponges
Manufacturer Gauze balls
Manufacturer Absorbent cotton,
wools
Manufacturer Non-woven sponges
Manufacturer Surgical
masks/gowns
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Trading Type
Asia / Pacific Exporting,Importing
Europe Importing
Middle-East Exporting
North America Exporting,Importing
Pacific Exporting
Australia Exporting
China Exporting,Importing
Cyprus Exporting
Guam Exporting
Guatemala Exporting
Hong Kong Exporting
India Importing
Japan Exporting,Importing
Malaysia Exporting,Importing
Malta Exporting
Singapore Importing
South Korea Importing
USA Exporting,Importing
United Kingdom Importing
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.71 |
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UK Pound |
1 |
Rs.85.11 |
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Euro |
1 |
Rs.67.73 |
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%)