MIRA
INFORM REPORT
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Report Date : |
26.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
EVERPLAST MACHINERY CO LTD |
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Registered Office : |
11FL, 106-108 Yung Lo St Luchou City Taipei Hsien 247 |
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Country : |
Taiwan |
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Date of Incorporation : |
09.06. 1993 |
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Com. Reg. No.: |
84392867 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Research and development of various types of plastic extruders, cutters,
roll gravure printers and related machinery. |
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 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
EVERPLAST
MACHINERY CO LTD
11FL, 106-108 YUNG LO ST LUCHOU CITY
TAIPEI HSIEN 247, TAIWAN
TEL: 886-2-22897271 FAX: 886-2-22897282
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 9, 1993
REGISTRATION NO. :
84392867
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. KENNY KUO-HSIN CHEN (CHAIRMAN)
STAFF STRENGTH :
9
CAPITAL :
US$ 663,350
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 10,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.46998 = 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, 136 Chung Shan Rd Section 1 Luchou City
Taipei Hsien 247
*Company History*
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9 June, 1993 -
Established date.
*Office & Facilities*
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Size : 82 sq. meter (Approx)
Location : Taipei Hsien
Property status : Owned by Mr. Kenny Kuo-hsin Chen
Type of building : Residential
building
Comments : Serves as office
*Factories, Size & Locations*
======================
The company is a trading house focused on exportation 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.
www.everplast.com.tw
The design is professional and the content is well organized. At present it is
in English version.
E-mail: everstar@mail.everplast.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: 19,000
Shareholders Country Number Amount %
----------------- ---------- ---------- ------------ -----
Ms. Chung-fang Chang Taiwan
11,000.00 n/a 57.89
Mr. Kenny Kuo-hsin Chen Taiwan 6,000.00 n/a 31.58
Ms. Hui-chi Chen Taiwan 1,000.00 n/a 5.26
Ms. Yin-lan Chang Taiwan 1,000.00 n/a 5.26
Management: Ms. Chung-fang
Chang, Representative
Mr. Kenny Kuo-hsin Chen, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Chung-fang Chang Taiwanese
Representative Sales
Mr. Kenny Kuo-hsin Chen Taiwanese
General Manager -
*COMPANY DIRECTORS*
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1
Name : Mr. Kenny Kuo-hsin Chen
Nationality : Taiwan
Country of Residence : Taiwan
*Main Products & Services*
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Specializes in the following areas of work:
1. Research and development of various types of plastic extruders,
cutters, roll gravure printers and related machinery.
2. Out-sourcing to local factories with value-added processing of
pelletizers, extrusion dies, extrusion plants, water tanks and related
machinery.
3. Selling to international markets and local markets.
Products: Aluminum extrusion mold
Aluminum extrusion
press
Aluminum
extrusions
Custom
extrusions
Cutters
*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)
*Exhibition Participation*
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Exhibition fair : Taipei
International Plastic & Rubber Industry Show
Dates attended : 23-27 March, 2006
Location : Taipei World
Trade Center (TWTC) - Exhibition Hall
*Associations*
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Member of the following associations :
- Taiwan Mold & Die Industry Associations
- Taiwan Association of Machinery Industry
*Competitors*
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The following locally based companies supply similar range of products :
- BOTHEVEN MACHINERY INDUSTRIAL CO LTD
- CHING HSING IRON WORKS CO LTD
- MITASA TAIWAN CO LTD
- PHYLLIS TRADING CO LTD
- QUEEN'S MACHINERY CO LTD
*Domestic Customers*
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Although the domestic market represents a minor percentage of sales,
most of domestic sales are achieved through direct sales to local customers.
*Local Distribution Network*
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Approximately 80% of the annual turnover is attributed to local
sales.
*Export Markets*
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Approximately 20% of the annual turnover is attributed to export.
NOTE :
At the time of performing this report, the 2007 import / export figures
had not yet been released by the Ministry of Economic Affairs which monitors exports
and imports.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES :
54
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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 : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,Taipei City
Branch Address : 123 Jhongsiao E Rd Section 2
SWIFT Code : ICBCTWTP
Bank Name : TAIWAN BUSINESS BANK
Branch : Tatung Dist,Taipei City
Branch Address : International Department 3Fl, 30 Ta Cheng St
SWIFT Code : MBBTTWTP
*Financial Summary (Currency: U.S. $'s)
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Year Sales Assets Net Income
2006 $3,174,123.34 $278,113.66 $145,102.78
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2004 $123,652.00 $2,659,415.01 $2,783,067.01
2005 $210,364.99 $2,365,478.01 $2,575,843.00
2006 $169,875.00 $2,463,157.01 $2,633,032.01
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 10,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3363 Aluminum
Die-Castings
Trading 3364 Nonferrous
Die-Castings
Trading 3500 Industrial
Machinery & Equipment
Trading 3544 Special
dies, tools, jigs, and fixtures
Trading 3552 Textile
machines, and parts and attachments,
Trading 5085 Industrial
Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8428330000 Continuous-action elevators and conveyors, for goods or
materials, belt type
Exporting 8443600000 Machines for uses ancillary to printing
Exporting 8461500010 Sawing or cutting-off machines, metal removing, used or rebuilt
Exporting 8477200005 Single screw extruders of a type used for processing rubber or
other thermosetting materials
Exporting 8477800000 Machinery, for working rubber or plastics or for the
manufacture of products form these materials
Exporting 8477900010 Parts of injection-molding machines for rubber or plastics
Exporting 8479810000 Machines and mechanical appliances for treating metal,
including electric wire coil-winders
Exporting 8480790000 Molds for rubber or plastics, other than injection or
compression types
Trading 8207306060 Dies
mtl formg a thrd rollg a pts
Trading 8207306075 Dies
for cutting cloth, leather and paper
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Plastic
extruders
Trader PVC profile
extrusion machine
Trader Extrusion
dies
Trader Aluminum
extrusion mold
Trader Aluminum
extrusion press
Trader Aluminum
extrusions
Trader Custom
extrusions
Trader Extrusion blow
molding machine
Trader Metal sheet
& tube extrusions
Trader Plastic
extrusion
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Asia
Exporting to China
Exporting to Europe
Exporting to India
Exporting to Indonesia
Exporting to Japan
Exporting to Jordan
Exporting to Latvia
Exporting to Malaysia
Exporting to Mexico
Exporting to Middle East
Exporting to Netherlands
Exporting to Philippines
Exporting to Saudi Arabia
Exporting to Thailand
Exporting to UAE
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%)