MIRA
INFORM REPORT
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Report Date : |
22.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
YIEH-HO ENTERPRISE CO LTD |
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Registered Office : |
12, Lane 75 Hsin Yung St Chungli City Taoyuan Hsien 320 |
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Country : |
Taiwan |
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Date of Incorporation : |
27.01.1999 |
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Com. Reg. No.: |
16738357 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Domestic Purchase of screws, nuts and other related hardware tools. Sales and Distribution of products to overseas market |
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 8,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
YIEH-HO
ENTERPRISE CO LTD
12, LANE 75 HSIN YUNG ST CHUNGLI CITY
TAOYUAN HSIEN 320, TAIWAN
TEL: 886-3-4523588 FAX: 886-3-4516068
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 27, 1999
REGISTRATION NO. :
16738357
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. TINA JUI-MEI CHEN (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 164,204
BUSINESS LINE :
EXPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 8,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.37400 = 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: 16 Huang Li Yuan 2 Lin Lu Ming Li Hsinpu
Hsiang Hsinchu Hsien 305
*Office & Facilities*
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Size : 102 sq meters (Approx)
Location : Taoyuan Hsien
Property status : Rented
Type of building :
Semi-residential building
Comment : Serves as office and retail outlet
Previous tel no :
3-5890575
*Factories, Size & Locations*
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The company is a trading house focused on export of overseas products,
and maintains no manufacturing facilities.
*Corporate & Organization Structure*
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A small sized specialized company operated and managed by the owner.
SC is not known to host website of its own at present.
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 %
Ms. Tina Jui-mei Chen Taiwan n/a n/a 99.00
Undisclosed Shareholders n/a n/a n/a 1.00
Management: Ms. Tina Jui-mei Chen, General Manager
Name Nationality
Job Description
Ms. Tina Jui-mei Chen Taiwanese General Manager
*COMPANY DIRECTORS*
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1
Name : Ms. Tina Jui-mei Chen
Nationality : Taiwan
*Main Products & Services*
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Specializes in the following areas of work :
1. Domestic purchase of a wide range of screws, nuts and other related
hardware tools.
2. Sales and distribution of products to overseas market.
Product also include:
- Computer numerical control machines
Products: Electronic screws
Nuts
Screws
Springs
Threading
tools
*Payment Terms*
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Sales
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Export : Letter of Credit (L/C)
Document against
Acceptance (D/A)
Telegraphic
Transfer (T/T)
Purchase
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Local : 30 - 90 days
credit
*Competitors*
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The following locally based firms supply similar range of
products/services :
- AL-PRO METALS CO LTD
- AVOCET HARDWARE (TAIWAN) LTD
- BATOM CO LTD
- CHIAN CHENG INDUSTRIAL CO LTD
- CHIN DOU JIN INDUSTRY CO LTD
*Local Distribution Network*
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There is no record of local sales since the prime focus of the firm's
activity is concentrated on exports only.
*Export Markets*
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100% of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES :
49
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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 : MEGA
INT'L COMMERCIAL BANK CO LTD
Branch :
Chungli City
Branch Address : 123
Jhongsiao E Rd Section 2 Chungcheng Dist Taipei City 100 (Head Office)
SWIFT Code :
ICBCTWTP
Bank Name : LAND
BANK OF TAIWAN
Branch :
Chungli City
Branch Address : 46
Kuan Chien Rd Chungcheng Dist Taipei City 100 (Head Office)
SWIFT Code :
LBOTTWTP
*Financial Summary (Currency: U.S. $'s)
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Year Sales Assets Net Income
2007 $935,425.47 $117,682.56 $33,192.52
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2005 $0.00 $670,000.00 $670,000.00
2006 $39,000.00 $750,000.00 $789,000.00
2007 $0.00 $600,000.00 $600,000.00
SC is considered small-sized in its line with a development history of 9
years. Taking into consideration of SC’s general performance, a credit line up
to USD 8,000 appears to be within SC’s capacities.
Attached: trade references
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3452
Bolts, nuts, screws, rivets, and
washers
Exporting 3493
Springs, of steel,
Exporting 3495
Wire springs
Exporting 3544
Special dies, tools, jigs, and
fixtures
Exporting 3577
Computer peripheral equipment, and
parts,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 7318
Screws, bolts, nuts,
washers etc, iron or steel
Exporting 7318160000
Nuts of iron or steel
Exporting 7318220000
Washers other than lock washers,
iron or steel
Exporting 7320
Springs & leaves for springs,
iron or steel
Exporting 7408210000 Wire of copper-zinc base alloys (brass)
Exporting 7416
Copper springs
Exporting 8207
Interchange tools for
hand- or machine-tools, bmpt
Exporting 8207400000
Tools for tapping or threading,
parts thereof, of base metal
Exporting 8466940000
Parts for machines of heading 8462
or 8463
Exporting 8471
Automatic data process
machines; magn reader, etc. computer hardware
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service
Description
Trader Threading tools
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Country / Region Trading Type
Asia / Pacific Exporting
Europe Exporting
South America Exporting
Argentina Exporting
Bangladesh Exporting
Belgium Exporting
Chile Exporting
India Exporting
Indonesia Exporting
Mexico Exporting
Singapore Exporting
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.33 |
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UK Pound |
1 |
Rs.84.32 |
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Euro |
1 |
Rs.66.75 |
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%)