MIRA
INFORM REPORT
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Report Date : |
04.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
CHUEN AN TRADING CO LTD |
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Registered Office : |
6FL-1, 12 Cheng Teh Rd Section 2 Tatung Dist Taipei City 103 |
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Country : |
Taiwan |
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Date of Incorporation : |
25.12. 1958 |
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Com. Reg. No.: |
11465602 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Imports of Animal Fodders. Domestic Sales of its imported products. |
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 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
CHUEN
AN TRADING CO LTD
6FL-1, 12 CHENG TEH RD SECTION 2 TATUNG DIST
TAIPEI CITY 103, TAIWAN
TEL: 886-2-25566262 FAX: 886-2-25568313
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 25, 1958
REGISTRATION NO. :
11465602
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE : MR. CHUNG-HSIUNG KAO (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 530,680
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 100,000 (PERIODICAL REVIEW)
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.34351 = 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
Office & Facilities*
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Size : 132 sq. meters (Approx)
Location : Taipei City
Property status : Rented
Type of building : Commercial
Previous Contact Details
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Address : 2Fl, 3 Lane 8 Tai
Yuan Rd, Tatung Dist, Taipei City 103
Tel no. : 2-25416262
Fax no. : 2-25638313
*Factories, Size & Locations*
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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 company operated and managed by an experienced team of
professionals.
SC is not known to host website of its own at present.
E-mail: chuen.an@mas.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. Chung-hsiung Kao Taiwan n/a n/a 99.00
Undisclosed Shareholders n/a n/a n/a 1.00
Management: Ms. Yueh-tui Kao Huang, General Manager
Name Nationality
Job Description
Ms. Yueh-tui Kao Huang Taiwanese
General Manager
*COMPANY DIRECTORS*
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Name: Mr. Chung-hsiung Kao
Nationality: Taiwan
Country of Residence: Taiwan
*Main Products & Services*
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Specializes in the following areas of work:
1. Imports of animal fodders.
2. Domestic sales of its imported products.
Products: Additives
Albumin
Animal fodders
Chemicals
Heterocyclic
compounds
*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:
- CHANG GUANN CO LTD
- FORTUNE CREATION CO LTD
- TAI ROUN PRODUCTS CO LTD
- LLOTOS TRADING CO LTD
*Domestic Customers*
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Direct sale to local animal husbandry.
*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 because the prime focus of the firm's
activity is concentrated on local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES :
65
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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 Taiwan corporate law for
public disclosure of detailed financials.
Although financial summaries were obtained for reference.
Note: At the time of preparing this report, 2007 financial has not yet
been submitted to Taiwan Tax Authorities.
*Financial Summary (Currency: U.S. $'s)
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Year Sales Net Income
2006 $1,813,784.76 $145,102.78
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2004 $920,000.00 n/a
$920,000.00
2005 $1,160,000.00 n/a $1,160,000.00
2006 $970,000.00 n/a
$970,000.00
SC is considered an old-established business in small size. Taking into
consideration of SC’s general performance, a credit line up to USD 100,000
appears to be within SC’s capacities upon a periodical review basis.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2800 Chemicals
and Allied Products
Importing 2879 Agricultural
pesticides and other agricultural chemicals,
Importing 2899 Chemical
preparations,
Trading 2800 Chemicals
and Allied Products
Trading 2879 Agricultural
pesticides and other agricultural chemicals,
Trading 2899 Chemical
preparations,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2924290100 P-acetanisidide; p-acetoacetatoluidide;
4-amino-n-methyl-acetanilide; 2,5-dimethoxyacetanilide; and
n-(7-hydroxy-1-naphtyl)-acetamide
Importing 2933110000 Phenazone (antipyrine) and its derivatives
Importing 2933590500 Pesticides containing a pyrimidine ring (whether or not
hydrogenated) or piperazinering in the structure
Importing 2934900000 Heterocyclic compounds
Importing 2935000500 4-amino-6-chloro-m-benzenedisulfonamide
Importing 3502900000 Albumins, albuminates and other albumin derivatives
Trading 2933110000 Phenazone
(antipyrine) and its derivatives
Trading 3800 Miscellaneous
chemical products
Trading 3823909050 Chemical
products and preparations of the chemical or allied industries
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Pesticide
Importer P-acetanisidide
Trader Chemicals
Trader Phenazone
derivatives
Trader Additives
Trader Norfloxacin
Trader Phenazone
Trader Animal
fodders
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Asia
Importing from China
Importing from India
Importing from Japan
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%)