MIRA
INFORM REPORT
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Report Date : |
28.07.2008 |
IDENTIFICATION
DETAILS
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Name : |
YANG & LS CO LTD |
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Registered Office : |
1FL, 1-32, Alley 112, Lane 150, Hai Tien Rd Annan Dist Tainan City 709 |
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Country : |
Taiwan |
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Date of Incorporation : |
19.07.2001 |
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Com. Reg. No.: |
12839544 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Domestic purchase and imports of a wide range chemical raw materials used
for car light, printed circuit board. Sales and distribution of products to both domestic and international
markets. |
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 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
YANG
& LS CO LTD
1FL, 1-32, ALLEY 112, LANE 150, HAI TIEN RD
ANNAN DIST TAINAN CITY 709, TAIWAN
TEL: 886-6-2550231 FAX: 886-6-2469476
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 19, 2001
REGISTRATION NO. :
12839544
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. TSUNG-HO YANG (CHAIRMAN)
STAFF STRENGTH :
6
CAPITAL :
US$ 328,407
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 10,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.45067 = 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 Registration*
==================
License Number :
12839544
Date of Registration :
19 July, 2001
Issuing Authority : Ministry of Economic Affairs (MOEA)
Legal Form :
Private company with limited liability
Primary Business Activity :
Trader
Key Industry :
Chemicals
*Office & Facilities*
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Size : 168
sq meters (Approx)
Location : Tainan
City
Property status : Rented
Type of building : Semi-residential building
Previous contact details
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Tel no. : 6-2657890
Contact person : Ms. Jennifer Cheng
*Factories, Size & Locations*
======================
The company is a trading house focused on importation 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 %
Mr. Tsung-ho Yang Taiwan n/a n/a 99.00
Undisclosed Shareholders n/a n/a n/a 1.00
Management: Mr. Tsung-ho Yang, General Manager
Name Nationality
Job Description
Mr. Tsung-ho Yang Taiwanese
General Manager
*COMPANY DIRECTORS*
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1
Name :
Mr. Tsung-ho Yang
Nationality :
Taiwanese
Country of Residence : Taiwan
*Main Products & Services*
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Specializing in the following main areas of work:
1. Domestic purchase and imports of a wide range chemical raw materials
used for car light, printed circuit board.
2. Sales and distribution of products to both domestic and international
markets.
Products: Chemical raw materials
Polycarbonate
*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
*Competitors*
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The following locally based companies supply similar range of products:
- PROPLAST INT'L CO LTD
- ATOFINA FAR EAST LTD
- CHIAO CROWN TRADE CO LTD
- ALWAYS NICE TRADING CO LTD
- GOLDTRADE.COM LTD
*Local Distribution Network*
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An estimated 95% of the annual turnover is attributed to local
sales.
*Export Markets*
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An estimated 5% of the annual turnover is attributed to export.
SC is not known to host website of its own at present.
PAYMENT RATING : 3 OBTAINED SCORES :
50
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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
Bank Name :
FIRST COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist, Taipei City
Branch Address :
10Fl, 30 Chungking South Rd Section 1
SWIFT Code :
FCBKTWTP
*Financial Summary (Currency: U.S. $'s)
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Year Sales Assets Net Income
2007 $66,385.03 $120,700.06 $2,715.75
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports Total
2005 $25,000.00 n/a
$25,000.00
2006 $33,000.00 n/a
$33,000.00
2007 $46,000.00 $20,000.00 $66,000.00
SC is considered small-sized in its line with a development history of 7
years. The above credit amount appears to be beyond SC’s capacities, while a
credit line up to USD 10,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2800 Chemicals
and Allied Products
Trading 2899 Chemical
preparations,
Trading 5169 Chemicals/Allied
Prdts, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3800 Miscellaneous
chemical products
Trading 3818 Chem
elem doped, used in electron, discs wafers etc
Trading 3818000000 Chemical
elements doped for use in electronics, in the form of discs wafers or similar forms;
chemical compounds doped for use in electronics
Trading 3823905050 Chemical
products and preparations of the chemical or allied industries
Trading 3907400000 Polycarbonates
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Trading Activity
Asia / Pacific Exporting
China Exporting
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.30 |
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UK Pound |
1 |
Rs.84.03 |
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Euro |
1 |
Rs.66.42 |
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%)