MIRA
INFORM REPORT
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Report Date : |
14.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
ALPHA PLUS MACHINERY CORP |
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Registered Office : |
41, Lane 240, Chunghsin North St Sanchung City Taipei Hsien 241 |
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Country : |
Taiwan |
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Date of Incorporation : |
05.06.1996 |
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Com. Reg. No.: |
97027526 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacturing of various types of toothbrush making machines, forming
machines and related machinery. Sales and distribution of products to local 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 35,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
name address
ALPHA
PLUS MACHINERY CORP
41, LANE 240, CHUNGHSIN NORTH ST
SANCHUNG CITY TAIPEI HSIEN 241, TAIWAN
TEL: 886-2-85121591 FAX: 886-2-85121559
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 5, 1996
REGISTRATION NO. :
97027526
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. KUEI-WU WANG (CHAIRMAN)
STAFF STRENGTH :
29
CAPITAL :
US$ 776,398
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 35,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.08842 = 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*
===============
1996 - Established to produced toothbrush
turnkey project and sold all over the world with good reputation.
2001 - Involved in developing
inter dental brush machine with global patent.
2005 - Owing to plastic out
looking with great change, the company involved in developing in moldings film
and combined with some professional process and succeeded in one complete and
newest productive technique and went into mass production in 2007.
*Licenses & Permits*
================
License number : 9969026700
Date issued : 1 July,
1999
Issuing authority : Industrial
Development Bureau, MOEA
*Office & Facilities*
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Size : 642 square meters (Approx.)
Location : Taipei County
Type of building : Industrial
Property status : Owned by ALPHA PLUS MACHINERY CORP.
Comments : Serves as office and factory
Other contact details
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Tel nos. :
2-85121592 to 83
Fax no. :
2-29488285
*Corporate & Organization Structure*
===========================
A medium-sized company operated and managed by the principal owner.
www.alpha-plus.com.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: applus@ms48.hinet.net
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 Number Amount %
Mr. Kuei-wu Wang Taiwan n/a n/a 99.00
Undisclosed Shareholders n/a n/a n/a 1.00
Management: Ms. Elizabeth Liu, Manager
Name Nationality
Job Description
Ms. Elizabeth Liu Taiwanese
Manager
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Kuei-wu Wang
Nationality : Taiwanese
Country of Residence : Taiwan
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Manufacturing of various types of toothbrush making machines, forming
machines and related machinery.
2. Sales and distribution of products to local and international
markets.
Product lines include:
- AP-100 IMF Innovative Forming System
- AP-6 Series High Performance Auto High Speed Toothbrush Finishing
Machine
- AP-9L Series High Frequency & High Performance Auto High Speed
Toothbrush Tufting Combined With
Finishing Machine
- AP-9R Series High Series Performance Auto High Speed Toothbrush
Tufting Machine Combined With
Finishing Machine
- AP-D6 Series High efficiency double sided operation finishing machine
- AP-635 High efficiency double sided operation finishing machine
- AP-T1 Auto roller monofilament for inter dental brush
- AP-880 All servo three color toothbrush tufting machine
- MC-850 High efficiency double sided operation finishing machine
Products: Curing machines
Finishing
machines
Flow surface
coaters
Forming
machines
NC brush tufting
machines
*Brand*
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ALPHA PLUS
AP
*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
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
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The following locally based companies supply similar range of products :
- WELDECH ELECTRIC INDUSTRY CO LTD
- ACCORD KEV INDUSTRIAL CO LTD
- CHENG SHING SPRING ENTERPRISE CO LTD
- FUU LHING ENTERPRISE CO LTD
- HUNDRED MACHINERY ENTERPRISE CO LTD
- MALUDAI TECHNOLOGY CORP
*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 1% of the annual turnover is attributed to local
sales.
*Export Markets*
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Approximately 99% of the annual turnover is attributed to export.
*(Subsidiaries, Joint-ventures & Affiliates)
==============================
Company Name : ALPHA
PLUS MACHINERY CORP
Address : Suzhou Industrial Park
85 TongJiang Rd Sheng Pu Town Suzhou 215001 Jiangsu China
Country : China
Relationship :
Subsidiary
Legal Form : Private company with limited
liability
Company Type :
Manufacturer
Industry :
Machinery
*Strategic Partners & Alliances*
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Maintains strategic partnership with the following:
- FESTO, Germany
- SIMENS, Germany
- SMC, Japan
PAYMENT RATING : 3 OBTAINED SCORES :
52
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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.
*BANK DETAILS*
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Bank Name : MEGA
INT'L COMMERCIAL BANK CO LTD
Branch :
Sanchung City
Branch Address : 4Fl,
99 Chung Yang Rd Section 3
SWIFT Code : ICBCTWTP
Bank Name :
TAIWAN BUSINESS BANK
Branch :
Sanchung City
Branch Address : 137
San Ho Rd Section 4
SWIFT Code :
MBBTTWTP
*Financial Summary (Currency: U.S. $'s)
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Year Sales Assets Net Income
2007 $3,168,376.58 $784,550.39 $90,525.05
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports Total
2005 $75,620.98 $1,756,984.99 $1,832,605.97
2006 n/a $1,253,652.00
$1,253,652.00
2007 $152,368.98 $2,253,694.99 $2,406,063.97
SC is considered small-sized in its line with a development history of
12 years. Taking into consideration of SC’s general performance, a credit line up
to USD 35,000 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 3565 Packaging
machinery, and parts,
Manufacturing 3500 Industrial
Machinery & Equipment
Manufacturing 3559 Special
industry machinery, and parts,
Manufacturing 3565 Packaging
machinery, and parts,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8422400000 Packing or wrapping machinery, (including heat-shrink wrapping
machinery)
Exporting 8451500000 Machines for reeling, unreeling, folding, cutting or pinking
textile fabrics
Exporting 8451800000 Machinery of heading 8451
Exporting 8477800000 Machinery, for working rubber or plastics or for the
manufacture of products form these materials
Manufacturing 8447900000 Knitting
machines, and machines for making gimped yarn, tulle, lace, embroidery,
trimmings, braid or net and machines for tufting
Manufacturing 8474800015 Machinery
for agglomerating, shaping or molding solid mineral fuels or other mineral
products in power or paste form
Manufacturing 8474800080 Machines,
for agglomerating, shaping, or molding solid mineral fuels or other mineral
products in powder or paste form
Manufacturing 8479 Machines
etc having individual functions, parts
Exporting 8422400000 Packing or wrapping machinery, (including heat-shrink wrapping
machinery)
Exporting 8451500000 Machines for reeling, unreeling, folding, cutting or pinking
textile fabrics
Exporting 8451800000 Machinery of heading 8451
Exporting 8477800000 Machinery, for working rubber or plastics or for the
manufacture of products form these materials
Manufacturing 8447900000 Knitting
machines, and machines for making gimped yarn, tulle, lace, embroidery,
trimmings, braid or net and machines for tufting
Manufacturing 8474800015 Machinery
for agglomerating, shaping or molding solid mineral fuels or other mineral
products in power or paste form
Manufacturing 8474800080 Machines,
for agglomerating, shaping, or molding solid mineral fuels or other mineral
products in powder or paste form
Manufacturing 8479 Machines
etc having individual functions, parts
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Finishing
machines
Manufacturer Toothbrush sterilize
machine
Manufacturer Toothbrush packing
machine
Manufacturer Tufting
machine
Manufacturer Forming
machines
Manufacturer Curing
machines
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Exporting
South America Exporting
Brazil Exporting
China Exporting
India Exporting
Paraguay Exporting
South Korea Exporting
Thailand 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.49.46 |
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UK Pound |
1 |
Rs.73.17 |
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Euro |
1 |
Rs.62.96 |
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%)