MIRA
INFORM REPORT
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Report Date : |
08.10.2008 |
IDENTIFICATION
DETAILS
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Name : |
S M S TECHNOLOGY CO LTD |
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Registered Office : |
5FL, 55, Lane 258, Jui Kuang Rd Neihu Dist Taipei City 114 |
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Country : |
Taiwan |
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Date of Incorporation : |
13.12. 2002 |
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Com. Reg. No.: |
80306123 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing and local purchasing a various range of polyvinyl chloride, reactive
dye and other related chemicals. Sales and Distribution of purchased products to local and overseas
markets. |
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
S M
S TECHNOLOGY CO LTD
5FL, 55, LANE 258, JUI KUANG RD
NEIHU DIST TAIPEI CITY 114, TAIWAN
TEL: 886-2-27972998 FAX: 886-2-27972997
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 13, 2002
REGISTRATION NO. :
80306123
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CHUNG-AN HSUEH (CHAIRMAN)
STAFF STRENGTH :
26
CAPITAL :
US$ 3,105,590
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2007)
EQUITIES :
N/A (AS OF DEC. 31, 2007)
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 32.42358 = 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
*Capital Details*
=============
Initial registered capital : NTD 50,000,000.00
Capital increase : NTD
100,000,000.00
*Office & Facilities*
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Size 352 sq meters
Location : Taipei City
Property status : Owned by S M S TECHNOLOGY CO LTD
Type of building : Commercial
building
Comment : Premises is shared with affiliated
company, I N T INT'L INC.
Previous Contact Details
-----------------------------------
Address : 4Fl-5, 202 Nan Ching East Rd Section
5 Sungshan Dist Taipei City 105
Tel no. : 2-27688121
Fax no. : 2-27677400
*Factories, Sizes & Locations*
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The company is a trading/marketing house in Taiwan with a factory in
China. Hence there are no production facilities in Taiwan.
*Corporate & Organization Structure*
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A medium sized company operated and managed by the owner and an
experienced team of professionals.
SC is not known to host website of its own at present.
E-mail: info@intonline.org
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 7
Total number of shares: 4,507,908
Shareholders Country Number Amount %
Ms. Su-wei Hsueh Taiwan 840,661.00 n/a 18.65
Mr. Chung-an Hsueh Taiwan 762,970.00 n/a
16.93
Mrs. Feng-chu Hsueh Hung Taiwan 762,970.00 n/a 16.93
Mr. Tony Ming-hung Tsai Taiwan 649,822.00 n/a
14.42
Mr. Kiri Taiwan 593,087.00 n/a
13.16
Ms. Tsai-hsueh Cheng Taiwan 519,456.00 n/a
11.52
Mr. Sheng-jen Yang Taiwan 378,942.00 n/a
8.41
Management: Mr. Tony Ming-hung
Tsai, Manager
Mr. Chung-an Hsueh, General Manager
Ms. Li-chu Wu, General Manager
Name Nationality
Job Description Dept. / Division
Mr. Tony Ming-hung Tsai Taiwanese
Manager Sales
Mr. Chung-an Hsueh Taiwanese
General Manager -
Ms. Li-chu Wu Taiwanese
General Manager -
*COMPANY DIRECTORS*
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1
Name :
Mr. Chung-an Hsueh
Nationality :
Taiwanese
Country of Residence : Taiwan
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing and local purchasing a various range of polyvinyl chloride,
reactive dye and other related chemicals.
2. Sales and distribution of purchased products to local and overseas
markets.
Products: Direct dyes
Disperse dyes
Drawing ink
Dyes
Dyestuff
*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 : Cash
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:
- FINE YONG CHEMICAL CO LTD
- CHROMA CHEMICAL CORP
- WILLIE CO LTD
- WILLIS ELECTRIC CO LTD
- BE FUWELL ENTERPRISE CO LTD
- DYEXCEL CHEMICAL INDUSTRIAL 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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The company is largely focused on the export market and hence very
little domestic sales are achieved.
*Export Markets*
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100% of the annual turnover is attributed to export.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : I N T
INT'L INC
Address :
3Fl Wuku Industrial Park 6 Wu Chuan 8th Rd Wuku Hsiang 248 Taipei Hsien Taiwan
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry : Chemicals
*Subsidiaries, Joint-ventures
& Affiliates*
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S M S TECHNOLOGY CO LTD maintains 1 factory in China, since the firm was
unwilling to disclose name and contact details of its "factory" in
China, it is assumed that this factory is owned by third parties to whom orders
are out-sourced.
PAYMENT RATING : 3 OBTAINED SCORES :
56
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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 :
Neihu Dist,Taipei City
Branch Address : 120 Chung Ching South
Rd Section 1 Chungcheng Dist Taipei City 100 (Head Office)
SWIFT Code :
BKTWTWTP
Bank Name :
LAND BANK OF TAIWAN
Branch :
Chungcheng Dist,Taipei City
Branch Address :
Taipei
SWIFT Code LBOTTWTP
*Financial Summary (Currency: U.S. $'s)
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Year Sales Assets Net Income
2007 $3,621,001.81 $1,961,375.98 $253,470.13
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports Total
2003 $50,000.00 $0.00 $50,000.00
2004 $200,000.00 $100,000.00 $300,000.00
2005 $50,000.00 $600,000.00 $650,000.00
2006 $450,010.01 $1,765,895.98 $2,215,905.99
2007 $1,236,984.97 $2,756,984.97 $3,993,969.94
SC is considered medium-sized in its line with a development history of
6 years. A credit line at the above amount appears to be 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 2800 Chemicals
and Allied Products
Trading 2816 Inorganic
pigments
Trading 2899 Chemical
preparations,
Trading 5169 Chemicals/Allied
Prdts, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3204140000 Direct dyes & preparations based thereon
Exporting 3204160000 Reactive dyes & preparations based thereon
Exporting 3206190000 Pigments and preparations based on titanium dioxide
Exporting 3215901000 Drawing ink
Exporting 3402120000 Cationic organic surface-active agents, whether or not for
retail sale
Exporting 3403910000 Preparations for the treatment of textile materials, leather,
furskins or other materials nt containing petroleum oil/oil obtained from
bituminous
Exporting 3809910000 Finishing agents and dye carriers containing 5 percent or more
by weight of 1 or more aromatic or modified aromatic substances
Exporting 3904220000 Other polymers of polyvinyl chloride, plasticized
Exporting 3906901000 Other acrylic polymers in primary forms, elastomeric
Importing 3204115000 Disperse dyes
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Solvent
dyes
Trader Reactive dye
Trader Drawing
ink
Trader Disperse
dyes
Trader Direct
dyes
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Exporting,
Importing
Europe Exporting,
Importing
Middle-East Exporting
Bangladesh Exporting
China Importing
Germany Importing
India Exporting,
Importing
Indonesia Exporting
Israel Exporting
Italy Exporting
Japan Exporting
Kuwait Exporting
Malaysia Exporting
Mongolia Exporting
Pakistan Exporting
Philippines Exporting
Sri Lanka Exporting
Syria Exporting
Thailand Exporting
Turkey 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.48.72 |
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UK Pound |
1 |
Rs.82.17 |
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Euro |
1 |
Rs.65.90 |
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%)