MIRA
INFORM REPORT
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Report Date : |
30.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
YEONG MING MACHINE INDUSTRIAL CO LTD |
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Registered Office : |
290 Chang Shi Rd Section 2 Annan Dist Tainan City 709 |
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Country : |
Taiwan |
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Date of Incorporation : |
23.04. 1982 |
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Com. Reg. No.: |
69724304 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Research and Development of Technologies related to Feed Production
Machinery. |
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
YEONG
MING MACHINE INDUSTRIAL CO LTD
290 CHANG SHI RD SECTION 2 ANNAN DIST
TAINAN CITY 709, TAIWAN
TEL: 886-6-2476751 FAX: 886-6-2559093
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 23, 1982
REGISTRATION NO. :
69724304
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. YUNG-MING HUANG (CHAIRMAN)
STAFF STRENGTH :
27
CAPITAL :
US$ 597,015
BUSINESS LINE :
MANUFACTURER
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
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.41016 = 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 History*
===============
2002 -
Passed the environmental protection technology.
*Licenses & Permits*
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License number : 9967404700
Date issued : 5
November, 1986
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
*Office & Facilities*
===============
Size :
210 square meters (Approx)
Location :
Tainan City
Type of building : Industrial
building
Property status : Rented
Comments : Serves as
office and factory
Other contact details
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Tel no :
6-2476752-3
Email addresses : yml@ms26.hinet.net
ymmarchhuang@gmail.com
*Corporate & Organization Structure*
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A small specialized company operated and managed by the owner and family
members.
Organizational Chart
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President
______________________________|_____________________________
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Manager Factory Chief R&D Finance Dept
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______|________ ________|
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| l l l | Lathing Welding Finance Accountant
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
Web
site: www.ymmic.com.tw the design is
professional and the content is well organized. At present it is in both Chinese
and English versions.
E-mail: yeong.ming@msa.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 4
Total number of shares: 17,400
Shareholders Country
Number Amount %
-------------- ------------ ------------ ------------ ---------
Mr. Yung-ming Huang Taiwan 12,100.00 n/a 69.54
Ms. Su-hsia Cheng Taiwan 4,800.00 n/a 27.59
Ms. Chia-chien Yang Taiwan 400.00 n/a 2.30
Mr. Tsai-hung Huang Taiwan 100.00 n/a 0.57
Management: Mr. March Tsai-chung
Huang, Manager
Mr. Matali Tsai-lung Huang, Manager
Mr. Yung-ming Huang, General Manager
Name Nationality
Job Description Dept. / Division
Mr. March Tsai-chung Huang Taiwanese
Manager Marketing
Mr. Matali Tsai-lung Huang Taiwanese
Manager Sales
Mr. Yung-ming Huang Taiwanese
General Manager -
*Main Products & Services*
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Specializes in the following areas of work:
1. Research and development of technologies related to feed production
machinery.
2. Manufacturing of various types of feed machinery and related
equipment.
3. Selling to both domestic and international market.
Products: Belt conveyors
Chain
conveyors
Cleaner shaft
conditioner
Cocopet pellet
Compound fertilizer
system
*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)
Open account /DA
terms with settlement using Telegraphic Transfer (T/T)
*Competitors*
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The following locally based companies supply similar range of products :
- CHIA TUNG DEVELOPMENT CORP LTD
- KOANGEE MACHINE INDUSTRIAL CO LTD
- SOON STRONG MACHINERY WORKS CO LTD
- BIG STONE MACHINERY CO LTD
- POM MACHINERY INDUSTRIAL CO LTD
*Projects*
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Current Projects
Location Year
---------------------- ------------- -------
Extruder and Hammer mill system Vietnam HCMC 2008
Extruder and Hammer mill, and Mixer and dryer system Vietnam HCMC 2008
YMHP-15 Pellet Mill
YMPM-20 Pulverizer System
YMHP-150 Pellet Mill for Shrimp Feed
YMC-24 Crumbler
YMBM-100L Ribbon Type Mixer Vietnam HCMC 2008
Completed Projects
Location Year
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Extruder and Hammer mill system Vietnam
HCMC 2007
Full Fat Soybean Extruder system Indonesia 2007
Starch input and powder collection equipment for Fructose
factory in Malaysia
Malaysia
2007
Poultry feed: 15ton/hr,die diameter 3.9mm 45mm
thickness 2 lines Vietnam
Hanoi 2007
Poultry feed: 15ton/hr,die diameter 3.9mm 45mm thickness
2 lines
Vietnam HCMC 2007
Oil spraying system for CPM200 and Increasing oil tank 40 M3 Taiwan 2007
Rotating Drum Coater
Taiwan 2007
High efficient conditioner
Taiwan
2006
Food waste treatment system and Ferment & Compost system Taiwan 2006
Increasing Pulverizer system
Taiwan
2006
An Aquatic feeds (Floating fish feeds) system with cap
of 4T/PH for diameter
3mm Vietnam 2006
Fat spraying system
Taiwan
2006
Conditioner 1 set
Taiwan 2006
YMPM-200-6TH Pulverizer 16 set Thailand 2006
YMHM-3716 Hammer mill
Korea 2005
YMHP-100 Pellet mill
YMHP-175 Pellet mill
YMHP-200 Pellet mill
YMBM-25 Mixer
YMC- 43 Crumbler
Aqua feed plant (Floating feed 4 t/hr, die diameter 3.0mm) Indonesia 2005
YMPM-150- Pulverizer 11 sets Thailand 2005
YMSVC-Swivel Cooler System Taiwan 2005
Fat spraying system Taiwan 2005
Fat spraying system and Conditioner tube Indonesia 2004
Floating Aquafeed:2tons/hr, 3.0mm Indonesia 2004
The project of Specific waste incinerating factory Taiwan 2004
(NH4)2SO4 Shifting project
Taiwan 2003
Soy bean powder extruder system ( cap 5.5tons/hr) and
Spare parts
Taiwan
2003
YMPM-150- Pulverizer 9sets and YMBM-75 Horizontal
Ribbon Batch Mixer 3sets
Thailand
2003
Equipments For Animal Feeds Processing Complete
Equipment Line
Capacity:5tons/hour Vietnam 2003
Cleaner and Double shaft conditioner Taiwan 2002
Extruder system of soybean powder
Capacity:8-10tons/hr
& Extruder Indonesia 2002
Environmental protection Processing engineering of organic
fertilizer of fruit and
vegetable waste from the market. Taiwan 2002
Cooling System
Indonesia 2002
Whole plant engineering of compound organic fertilizer system Taiwan 2002
Corn hammering system
Indonesia 2001
200HP Pelleting system for fish feed Taiwan 2001
150HP Pulverizer system Taiwan 2001
15HP Pellet mill and Mixing Dryer Brunei 2000
Poultry feed 10 tons/per hour
Kazakhstan 2000
*Local Distribution Network*
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Approximately 60% annual turnover is attributed to local sales.
*International Trade Activity*
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Note: At the time of preparing this report, the Ministry of Economic
Affairs had not yet released trade figures for 2007.
*Export Markets*
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Approximately 40% annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
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
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 financials.
Although financial summaries were obtained for reference.
*BANK DETAILS*
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Bank Name :
CITIBANK NA
Branch :
Sungshan Dist,Taipei City
Branch Address : Walsin
Financial Bldg 117-1 Min Sheng East Rd Section 3
SWIFT Code :
CITITWTX
*Financial Summary (Currency: U.S. $'s)
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Year Sales Net Income
2006 $5,562,273.28 $217,654.17
Int´l Trade Activity (Currency: U.S. $'s)
=============================
Year Imports Exports Total
2004 $40,000.00 $130,000.00 $170,000.00
2005 $160,000.00 $720,000.00 $880,000.00
2006 $530,000.00 $910,000.00 $1,440,000.00
SC is considered small-sized in its line with a development history of
26 years. A credit line at the above amount appears beyond SC’s capacities,
while a credit line up to USD 100,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3500 Industrial
Machinery & Equipment
Manufacturing 3523 Farm
machinery and equipment, and parts,
Manufacturing 3547 Rolling
mill machinery, and parts,
Manufacturing 3569 General
industrial machinery and equipment, and parts,
Manufacturing 5083 Farm/Garden
Machinery/Equip
Manufacturing 5084 Industrial
Machinery/Equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 7326190000 Other articles of iron or steel forged or stamped, but not
further worked
Exporting 8436100000 Machinery for preparing animal feeds
Exporting 8436990020 Parts of forestry machinery
Importing 8436100000 Machinery for preparing animal feeds
Manufacturing 5910001090 Transmission
or conveyor belts or belting, whether or not reinforced with metal: other
transmission or conveyor belts, of man-made fibers
Manufacturing 6804100000 Millstones
and grindstones for milling, grinding or pulping
Manufacturing 8418690020 Drinking
water coolers, refrigerated, self-contained
Manufacturing 8419310000 Dryers
for agricultural products
Manufacturing 8419390080 Dryers
for the treatment of materials by a process involving a change in temperature
Manufacturing 8428200010 Conveyors,
pneumatic
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Counter flow
coolers
Manufacturer Feed
machinery
Manufacturer Machinery spare
parts
Manufacturer Die rings
Manufacturer Pulverizing
machine
Manufacturer Livestock feed
production mach
Manufacturer Fish feed
production machine
Manufacturer Shrimp feed
production machine
Manufacturer Eel feed
production machinery
Manufacturer Organic feed
production machine
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Asia
Exporting to Europe
Exporting to Germany
Exporting to Indonesia
Exporting to South Korea
Exporting to Vietnam
Importing from Europe
Importing from Germany
Importing from Switzerland
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%)