MIRA
INFORM REPORT
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Report Date : |
04.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
KU-FU-CHEN TRADING CO LTD |
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Registered Office : |
44-100 Tai Tzu Kung Tai Pei Li Hsinying City Tainan Hsien 730 |
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Country : |
Taiwan |
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Date of Incorporation : |
20.05. 1993 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing a wide range of sunflower seeds, wheat, sorghum, and related
plant seeds products. Sales and distribution of products to local 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 65,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
KU-FU-CHEN
TRADING CO LTD
44-100 TAI TZU KUNG TAI PEI
LI HSINYING CITY TAINAN HSIEN 730, TAIWAN
TEL: 886-6-6524659 FAX: 886-6-6530412
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY
20, 1993
REGISTRATION NO. :
84370370
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. SU-LIEN WANG (CHAIRMAN)
STAFF STRENGTH :
7
CAPITAL :
US$ 928,690
BUSINESS LINE :
IMPORTER
TURNOVER : N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 65,000
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
Registered Legal Address: 40-1 Tai Tzu Kung Tai Pei Li Hsinying City
Tainan Hsien 730
*Office & Facilities*
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Size :
166 sq meters (Approx)
Location : Tainan Hsien
Property status : Rented
Type of building :
4-storey building, residential district
Other tel no : 6-6531908
*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 company operated and managed by the owner and an
experienced team of professionals.
SC is not known to host website of its own at present.
E-mail: wadasssss@yahoo.com.tw
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. Su-lien Wang Taiwan
n/a n/a 99.00
Undisclosed Shareholders n/a n/a n/a 1.00
Management: Mr. Alex Hsu,
Executive
Ms. Su-lien Wang, General Manager
Name Nationality
Job Description Dept. / Division
Mr. Alex Hsu Taiwanese
Executive Sales
Ms. Su-lien Wang Taiwanese
General Manager -
*COMPANY DIRECTORS*
======================
1
Name : Ms. Su-lien Wang
Nationality : Taiwan
Country of Residence : Taiwan
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing a wide range of sunflower seeds, wheat, sorghum, and
related plant seeds products.
2. Sales and distribution of products to local market.
Products: Barley
Canary seeds
Corn
Millets
Peas
*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)
Open account /DA terms with settlement using
TelegraphicTransfer (T/T)
*Competitors*
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The following locally based companies supply similar range of products :
- AGRI-MED TECHNIQUE TRANSITION CO LTD
- AME FEEDS CO LTD
- BIOANCOS ENTERPRISE CO LTD
- BROCADE TRADERS CO LTD
- CHAO YING CO LTD
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales to feed
stores.
*International Trade Activity*
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At the time of preparing this report, the Ministry of Economic Affairs
had not yet released trade figures for 2007.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : KU FU
TEH TRADING CO LTD
Address :
44-100 Tai Tzu Kung Tai Pei Li Hsinying City 730 Tainan Hsien Taiwan
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry : Agricultural
Products
PAYMENT RATING : 3 OBTAINED SCORES :
57
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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.
Note: At the time of preparing this report, 2007 financial has not been
submitted to Taiwan Tax Authorities.
*BANK DETAILS*
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Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist, Taichung City
Branch Address : 38 Tzu Yu Rd Section 2
SWIFT Code : CCBCTWTP
*Financial Summary (Currency: U.S. $'s)
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Year Sales Net Income
2006 $4,534,461.91 $259,975.82
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports Total
2004 $3,250,000.00 n/a $3,250,000.00
2005 $3,100,000.00 n/a $3,100,000.00
2006 $2,940,000.00 n/a $2,940,000.00
SC is considered small-sized in its line with a development history of
15 years. A credit line at the above amount appears beyond SC’s capacities,
while a credit line up to USD 65,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 0100 Agricultural
Production-Crops
Importing 0111 Wheat
Importing 0115 Corn
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 0713101000 Peas (pisum sativum), seeds of a kind used for sowing, dried,
shelled
Importing 1001902000 Wheat and meslin, except seed
Importing 1003 Barley
Importing 1003002000 Barley for malting purposes
Importing 1005902000 Corn (maize) yellow dent, except seed
Importing 1007 Grain
sorghum
Importing 1007000020 Grain sorghum seeds of a kind used for sowing
Importing 1008200000 Millet
Importing 1008300000 Canary seed
Importing 1101 Wheat
or meslin flour
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Peas
Importer Corn
Importer Canary
seeds
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Argentina
Importing from Australia
Importing from Brazil
Importing from Bulgaria
Importing from Cambodia
Importing from Canada
Importing from China
Importing from Egypt
Importing from Europe
Importing from India
Importing from Middle East
Importing from North America
Importing from Oceania
Importing from Pakistan
Importing from South America
Importing from USA
Importing from Ukraine
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%)