MIRA
INFORM REPORT
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Report Date : |
19.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
JIAN HWA ENTERPRISE CO LTD |
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Registered Office : |
22-1 Lun Ding Kang Hou Village Alien
Hsiang Kaohsiung Hsien 822 |
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Country : |
Taiwan |
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Date of Incorporation : |
05.02.1979 |
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Com. Reg. No.: |
88667351 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Research and development of technologies related to assembly machines. Manufacturing of a wide range of machinery. Sales and distribution to both domestic and international market. |
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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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
JIAN
HWA ENTERPRISE CO LTD
22-1 LUN DING KANG HOU VILLAGE ALIEN HSIANG
KAOHSIUNG HSIEN 822, TAIWAN
TEL: 886-7-6317967 FAX: 886-7-6313551
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 5, 1979
REGISTRATION NO. :
88667351
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. PAO-LAI LEE (PRESIDENT)
STAFF STRENGTH :
35
CAPITAL :
US$ 497,512
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
MODERATE AMOUNT
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.39680 = 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
*Licenses & Permits*
================
License number : 9966353500
Date issued : 31 December, 1990
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory license
*Office & Facilities*
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Size : 757sq meter (Approx.)
Location : Kaohsiung Hsien
Property status : Owned by JIAN HWA ENTERPRISE CO
LTD
Type of building : Industrial Bldg
Comment : Serves as office and factory
*Corporate & Organization Structure*
=============================
A small specialized company operated and managed by the owner and family
members.
www.jianhwa.com.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: jian.hwa@msa.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: 4
Total number of shares: 11,400
Shareholders Country Number Amount %
---------------- ------------ ------------- ------------ ---------
Mr. Pao-lai Lee Taiwan 5,500.00 n/a
48.25
Ms. Li-hua Chiang Taiwan 3,700.00 n/a 32.46
Ms. Chu-ling Lee Taiwan 1,200.00 n/a
10.53
Ms. Chu-chun Lee Taiwan 1,000.00 n/a 8.77
Management: Ms. Kay Hung,
Assistant
Mr. Pao-lai Lee, President
Name Nationality
Job Description
Ms. Kay Hung Taiwanese Assistant
Mr. Pao-lai Lee Taiwanese
President
*Main Products & Services*
======================
Specializes in the following areas of work:
1. Research and development of technologies related to assembly
machines.
2. Manufacturing of a wide range of machinery.
3. Sales and distribution to both domestic and international market.
Products: Assembly machines
Cold Nut
Formers
Dual-spindle
tapping machines
Multi-spindle
tapping machines
Nut former
*Payment Terms*
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Sales
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Local : 30 - 90 days credit
Cash
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : 30 - 90 days credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Quality Certification*
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Obtained the following certification :
(1)
Type of certification : ISO 9002
Issuing authority : N/A
Year of certification : 1998
(2)
Type of certification : ISO 9001
Issuing authority : N/A
Year of certification : 2000
(3)
Type of certification : CE
Issuing authority : N/A
Year of certification :
2006
*Competitors*
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The following locally based companies supply similar range of products :
- AXISCO PRECISION MACHINERY CO LTD
- CHYUN YOW MACHINERY INDUSTRY CO LTD
- EAST FIELD CORP
- MINCHUEN ELECTRICAL MACHINERY CO LTD
- GE FONG MACHINERY CO LTD
*Local Distribution Network*
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An estimated 70% of the annual turnover is attributed to local
sales.
*Export Markets*
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An estimated 30% of the annual turnover is attributed to export.
*International Exhibition Participation*
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(1)
Exhibition fair : Fifth
session exhibition of fastener' component and processing equipment, CHINA
Dates attended : 26-28 February, 2007
Location : Ningbo
International Conference Exhibition Center
(2)
Exhibition fair : 2008 WIRE
& TUBE, GERMANY
Dates attended : 31 March - 4 April, 2008
Location : Dusseldorf
Exhibition Center in Germany
*International Trade Activity*
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Note: At the time of performing this report, the 2007 export figures had
not yet been released by the Ministry of Economic Affairs which monitors
exports and imports.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : JIAN SHENG (SHANGHAI) MACHINERY & INDUSTRIAL CO LTD
Address : Qingpu Industrial Zong 1588 Sing Fu Rd China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Machinery
PAYMENT RATING : 3
OBTAINED SCORES : 53
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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 financial.
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 : BANK OF TAIWAN
Branch : Chungcheng Dist, Taipei City
Branch Address : 120 Chung Ching South Rd Section 1
SWIFT Code : BKTWTWTP
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports Total
2004 n/a $380,000.00
$380,000.00
2005 $20,000.00 $520,000.00 $540,000.00
2006 $35,000.00 $670,000.00 $705,000.00
Financial Summary (Currency: U.S. $'s)
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Year Sales Assets Net Income
2006 $1,451,027.81 $377,871.83 $108,827.09
SC is considered small-sized in its line with a long development
history. Credit up to moderate amount may be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3500 Industrial
Machinery & Equipment
Manufacturing 3542 Machine
tools metal-forming, and parts,
Manufacturing 3559 Special
industry machinery, and parts,
Manufacturing 3569 General
industrial machinery and equipment, and parts,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8459700040 Threading or tapping machines, metal removing, except
numerically controlled, used or rebuilt
Exporting 8463900040 Machine tools for working metal without removing material, used
Exporting 8466940000 Parts for machines of heading 8462 or 8463
Manufacturing 8459700040 Threading
or tapping machines, metal removing, except numerically controlled, used or
rebuilt
Manufacturing 8463200040 Thread
rolling machines, metal forming, used or rebuilt
Manufacturing 8479 Machines
etc having individual functions, parts
Manufacturing 9024 Machines
etc for testing mech prop of material, parts
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Nut former
Manufacturer Cold Nut
Formers
Manufacturer Assembly
machines
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Africa
Exporting to Asia
Exporting to China
Exporting to Hong Kong
Exporting to Indonesia
Exporting to South Africa
Exporting to Vietnam
Importing from Asia
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%)