MIRA
INFORM REPORT
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Report Date : |
31.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
WIN HO TECHNOLOGY INDUSTRIAL CO LTD |
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Registered Office : |
7 Taichung Industrial Park 31st Rd Hsitun
Dist Taichung City 407 |
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Country : |
Taiwan |
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Date of Incorporation : |
10.12.2001 |
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Com. Reg. No.: |
12989472 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Research and Development of Technologies related to high quality
precision lathes. Manufacturing of various types of Lathes. Selling to both Domestic and International Markets. |
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 50,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
WIN HO TECHNOLOGY
INDUSTRIAL CO LTD
7 TAICHUNG INDUSTRIAL PARK 31ST RD
HSITUN DIST TAICHUNG CITY 407, TAIWAN
TEL: 886-4-23599798 FAX: 886-4-23500778
EXECUTIVE SUMMARY
INCORPORATION DATE : DECEMBER 10, 2001
CHIEF EXECUTIVE :
MS. JESSICA CHING-JU LAI (CEO)
STAFF STRENGTH :
25
CAPITAL :
US$ 621,118
BUSINESS LINE : MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2007)
EQUITIES :
N/A (AS OF DEC. 31, 2007)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 50,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
TWD 33.50800 = 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*
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License number : 9967246700
Date issued : 4 September, 2003
Issuing authority :
Industrial Development Bureau, MOEA
Type of license : Factory license
*Office & Facilities*
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Size : 600 sq. meters (Approx)
Property status : Rented
Type of building : Industrial
building
Comment :
Serves as office and factory
Previous contact details
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Address : 1Fl, 79
Taichung Industrial Park 32nd Rd Taichung City 407 Taiwan
Email : jj038@ms28.hinet.net
*Corporate & Organization Structure*
============================
A medium-sized company operated and managed by experienced team of
professionals.
www.win-ho.com
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: winho168@ms77.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: N/A
Shareholders Country Number Amount %
Ms. Su-erh Yang Taiwan n/a n/a n/a
Ms. Yuan-hsun Yen Taiwan 900,000.00 n/a
n/a
Mr. Teng-ping Chuang Taiwan 800,000.00 n/a
n/a
Ms. Jessica Ching-ju Lai Taiwan 300,000.00 n/a
n/a
Management: Ms. Miriam Wu,
Executive
Ms. Jessica Ching-ju Lai, CEO
Mr. Teng-ping Chuang, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Miriam Wu Taiwanese
Executive Sales
Ms. Jessica Ching-ju Lai Taiwanese
CEO -
Mr. Teng-ping Chuang Taiwanese General Manager -
Ms. Yuan-hsun Yen Taiwanese
Manager -
*COMPANY DIRECTORS*
=====================
1
Name :
Ms. Jessica Ching-ju Lai
Nationality :
Taiwanese
Country of Residence : Taiwan
*Main Products & Services*
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Specializes in the following areas of work:
1. Research and development of technologies related to high quality
precision lathes.
2. Manufacturing of various types of lathes.
3. Selling to both domestic and international markets.
Products: Bench lathes
Brake lathes
CNC automatic
lathes
CNC lathes
Collet Chucks
*Brand*
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Win Ho
*Payment Terms*
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Sales
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Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : 30-90 days credit
*Exhibition Participation*
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Participated in the following local exhibitions:
(1)
Exhibition/Fair : TIMTOS -
Taipei Int'l Machine Tool Show
Dates attended : 18-23 March, 2003
Location : Taipei
World Trade Center (TWTC)
(2)
Exhibition/Fair : TIMTOS -
Taipei Int'l Machine Tool Show
Dates attended : 12-17 March, 2007
Location : Taipei
World Trade Center (TWTC)
*Competitors*
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The following locally based companies supply similar range of products :
- SHENG TSAI ENTERPRISE CO LTD
- TAILIFT CO LTD
- VICTOR TAICHUNG MACHINERY WORKS CO LTD
- ALEX-TECH MACHINERY INDUSTRIAL CO LTD
- BENIGN ENTERPRISE CO LTD
*Domestic Customers*
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Most of domestic sales are achieved through direct sales to local
manufacturers, as well as to local trading houses which also export.
*Local Distribution Network*
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An estimated 63% of the annual turnover is attributed to local sales.
*Export Markets*
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An estimated 37% of the annual turnover is attributed to export.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES :
60
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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 : BANK
OF TAIWAN
Branch :
Chungcheng Dist, Taipei City
Branch Address : 120
Chung Ching South Rd Section 1 Chungcheng Dist Taipei City 100 (Head
Office)
SWIFT Code :
BKTWTWTP
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports
2005 n/a $700,000.00
2006 n/a $1,450,000.00
2007 n/a $2,230,000.00
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
2007 $6,065,178.03 $452,625.23 $392,275.20
SC is considered small-sized in its line with a development history of 7
years. Taking into consideration of SC’s general performance, a credit line up
to USD 50,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3500 Industrial
Machinery & Equipment
Exporting 5084 Industrial
Machinery/Equip
Manufacturing 3500 Industrial
Machinery & Equipment
Manufacturing 5084 Industrial
Machinery/Equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8458 Lathes
for removing metal
Exporting 8458915050 Lathes for removing metal, numerically controlled, multiple
spindle, new
Manufacturing 8458 Lathes
for removing metal
Manufacturing 8458915050 Lathes
for removing metal, numerically controlled, multiple spindle, new
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter High speed
lathes
Exporter High speed
precision lathes
Exporter Lathe
chucks
Exporter Lathes
Exporter Manual
lathe
Exporter Metal cutting
lathe
Exporter Metal lathe
parts
Exporter Precision
engine lathes
Exporter Precision
lathe
Exporter Single spindle
automatic lathe
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Exporting
Europe Exporting
Middle-East Exporting
North America Exporting
Pacific Exporting
Belgium Exporting
Canada Exporting
China Exporting
France Exporting
Hong Kong Exporting
Italy Exporting
Japan Exporting
Lebanon Exporting
Malaysia Exporting
Netherlands Exporting
New Zealand Exporting
Qatar Exporting
Singapore Exporting
South Africa Exporting
Thailand Exporting
USA Exporting
United Arab Emirates Exporting
United Kingdom Exporting
Vietnam Exporting
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.25 |
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UK Pound |
1 |
Rs.80.36 |
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Euro |
1 |
Rs.62.84 |
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%)