MIRA
INFORM REPORT
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Report Date : |
20.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
DING FENG INDUSTRIAL CO LTD |
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Registered Office : |
83-6 Shui Li Rd Hsinchu City 300 |
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Country : |
Taiwan |
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Date of Incorporation : |
21.01.2008 |
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Com. Reg. No.: |
28917236 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading in Lights, Lamps and related Manufacturing Equipment. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
DING
FENG INDUSTRIAL CO LTD
83-6 SHUI LI RD HSINCHU CITY 300, TAIWAN
TEL: 886-3-5722181 FAX: 886-3-5983961
EXECUTIVE SUMMARY
INCORPORATION DATE :
JANUARY 21, 2008
REGISTRATION NO. :
28917236
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CHIN-MU LEE (CHAIRMAN)
STAFF STRENGTH :
1
CAPITAL : US$ 15,088
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
BELOW AVERAGE
RECOMM. CREDIT RANGE : C.O.D.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : N/A
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.56540 = 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: 1Fl, 27, Lane 294, Chieh Chia Rd Hsinchu City
300
*Company Name*
==============
The English name of the Subject Business Entity is a randomly selected
translation made by the owners of the Subject Business Entity. It is not a registered English corporate
name, but simply a translation of the local language name.
*Office & Facilities*
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Size : 300 sq. meters (Approx.)
Location : Hsinchu City
Property status : Rented
Type of building : Industrial building
*Factories, Size & Locations*
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The company is a trading house, and maintains no manufacturing
facilities.
*Corporate & Organization Structure*
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A small-sized company operated and managed by the owner.
*Reputation*
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Due to the recent incorporation of the firm, and the relatively small
nature of it's business, no meaningful points of reference in terms of
reputation within the respective industry was possible.
SC is not known to host website of its own at present.
E-mail: dingfeng208@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
%
--------------------- --------- ------
Mr. Chin-mu Lee Taiwan 99.00
Undisclosed Shareholders n/a 1.00
Management: Mr. Chin-mu Lee, General Manager
Name Nationality Job Description
Mr. Chin-mu Lee Taiwanese
General Manager
*Main Products & Services*
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Specializes in trading in lights, lamps and related manufacturing
equipment.
Note: Due to the recent incorporation of this firm, it appears that the
product lines have not been clearly defined.
Products: Lamps
Lighting
manufacturing machine
Lights
*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
*Competitors*
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The following locally based companies supply similar range of products :
- ABMEX ENTERPRISE CO LTD
- AEC UNITED ENTERPRISE CO LTD
- FANG MASTER ENTERPRISE CO LTD
- JET DEITY CO LTD
- KONG AN ENTERPRISE CO LTD
*Local Distribution Network*
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Part of the annual turnover is attributed to local sales direct to local
trading houses which also exports.
*International Trade Activity*
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Note: Due to the recent incorporation of the company, there are no
statistics of exports accredited to the firm.
*Export Markets*
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Part of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 5 OBTAINED SCORES :
30
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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.
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.
Furthermore the company was only incorporated in 2008, and hence has not
yet submitted financials to Tax Authorities for their first year of operations.
*BANK DETAILS*
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Bank Name :
CHINATRUST COMMERCIAL BANK LTD
Branch :
Hsinchu City
Branch Address : 158
Chung Cheng Rd
SWIFT Code :
CTCBTWTP
Bank Name : MEGA
INT'L COMMERCIAL BANK CO LTD
Branch :
Hsinchu City
Branch Address :
Hsinchu Science-Based Industrial Park 1 Hsin-an Rd
SWIFT Code : :
ICBCTWTP
SC was established recently in 2008, and its credit has not been
established yet. Credit should be extended under guarantee, and COD is
recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3500 Industrial
Machinery & Equipment
Trading 3641 Electric lamps
Trading 3648 Lighting equipment,
nspf (including commercial)
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8479 Machines etc having
individual functions nesoi, parts
Trading 9400 Furniture; bedding,
cushions; lamps & lighting fittings nesoi; illuminated signs, nameplates
& the like, prefabricated buildings
Trading 9405 Lamps &
lighting fittings & parts etc
Trading 9405400000 Electric
lamps and lighting fittings
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Turbine
pumps
Importer Vacuum
pump
Importer Stock
pumps
Manufacturer Hollow cathode
lamps
Manufacturer Cold cathode fluorescent
lamps
Manufacturer Fluorescent
lamps
Manufacturer Energy saving
lamps
Manufacturer Flash lamp
equipment
Manufacturer Coating
machines
Manufacturer Baking
machine
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
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%)