MIRA INFORM REPORT
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Report Date : |
17.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
TEAMADE INT'L INC |
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Registered Office : |
5 Fl-4, 2 Nanking East Rd Section 1, Chungshan Dist Taipei City 104 |
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Country : |
Taiwan |
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Date of Incorporation : |
25.10.2007 |
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Com. Reg. No.: |
28719778 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Local purchasing of various types of
notebook. |
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 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
Name & address
TEAMADE INT'L INC
5FL-4, 2 NANKING EAST RD SECTION 1
CHUNGSHAN DIST TAIPEI CITY 104, TAIWAN
TEL: 886-2-25110766 FAX:
886-2-25212766
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 25, 2007
REGISTRATION NO. :
28719778
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. ERIC YI-HUNG CHI (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
US$ 31,056
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2007)
EQUITIES :
N/A (AS OF DEC. 31, 2007)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.12538 = 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
*Office & Facilities*
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Size : 85
sq. meters (Approx.)
Location : Taipei
city
Property status : Rented
Type of building : Commercial
Other e-mail : ericychi@hotmail.com
*Factories, Size & Locations*
======================
The company is a trading house focused on local sales products and
maintains no manufacturing facilities.
*Corporate & Organization Structure*
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A small sized company operated and managed by an experienced team of
professionals.
SC is not known to host website of its own at present.
E-mail: eric.chi@teamade.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 Number Amount
%
Mr. Eric Yi-hung Chi Taiwan n/a n/a 99.00
Undisclosed Shareholders n/a
n/a n/a 1.00
Management: Mr. Eric Yi-hung Chi, Manager
Name Nationality
Job Description Dept. / Division
Mr. Eric Yi-hung Chi Taiwanese
Manager Sales
*COMPANY DIRECTORS*
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1
Name : Mr. Eric Yi-hung Chi
Nationality : Taiwanese
*Main Products & Services*
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Specializes in the following areas of work:
1. Local purchasing of various types of notebook.
2. Accept production of samples per OEM customer design and the firm
still maintains some outsourced production in Taiwan.
3. Selling to both domestic and international market.
Products: Composition, books
School
notebooks
Spiral
notebook
Stationery
items
Wireless
notebooks
*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)
Open account /DA
terms with settlement using TelegraphicTransfer (T/T)
*Competitors*
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The following locally based companies supply similar range of products :
- SUN RING INDUSTRIAL CO LTD
- CHA HUI CO LTD
- TIANYI EDUCATE CO LTD
- OA SUPPLY CO LTD
- DANNY & HUDSON INC
*International Trade Activity*
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Due to the recent incorporation of the company, there are no statistics
of exports accredited to the firm.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 4 OBTAINED SCORES :
46
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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.
Since the company was only established one (1) year ago, no financials
have so far been lodged with local taxation authorities.
*BANK DETAILS*
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Bank Name : E.SUN COMMERCIAL BANK LTD
Branch : Chungshan Dist, Taipei City
Branch Address : Boss Tower 109-111 Sung Chiang Rd
SWIFT Code : ESUNTWTP
SC is considered small-sized in its line with a short history. The above
credit amount appears to be beyond SC’s capacities, while a credit line up to
USD 5,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2678 Stationery
products
Trading 5112 Stationery
& Office Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 4817 Envelopes,
postcards etc & boxes etc of stationery
Trading 4820 Registers,
notebooks, binders, bus forms etc, paper
Trading 4820100000 Registers,
account books, notebooks, order books, receipt books, letter pads, memorandum
pads, diaries and similar articles of paper or paperboard
Trading 4820102050 Notebooks,
of paper or paperboard
Trading 4820900000 Blotting
pads, book covers (including cover board and book jackets) and articles of stationery,
of paper or paperboard
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.99 |
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UK Pound |
1 |
Rs.72.14 |
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Euro |
1 |
Rs.61.57 |
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%)