MIRA
INFORM REPORT
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Report Date : |
21.10.2008 |
IDENTIFICATION DETAILS
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Name : |
CHAIN PROFIT ENTERPRISES CO LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
30.04.1974 |
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Com. Reg. No.: |
04301859 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Local purchasing of synthetic resins and miscellaneous adhesive for
industrial uses. Construction in paint and deal with chemical resins used in building. |
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 50,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
CHAIN
PROFIT ENTERPRISES CO LTD
SECTION 3
TEL: 886-2-25968191 FAX: 886-2-25942647
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 30, 1974
REGISTRATION NO. :
04301859
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. TIEN-RAN HUANG (CHAIRMAN)
STAFF STRENGTH :
15
CAPITAL :
US$ 621,118
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2008)
EQUITIES :
N/A (AS OF DEC. 31, 2008)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.60513 = 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 –
*Office & Facilities*
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Size :
1,655.70 sq. meters (Approx.)
Location :
Property status : Owned by NAN PAO RESINS CHEMICAL CO
LTD
Type of building : Commercial
Comments : Serves as office and warehouse
Other contact details
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Tel no : 2-25942172
Fax no : 2-25964485
E-mail : service@nanpao.com
*Factories, Size & Locations*
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The company is a trading house focused on local sales and export
products and maintains no manufacturing facilities.
*Corporate & Organization Structure*
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A small-medium 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: npcp@saturn.seed.net.tw
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: 595,000
Shareholders Country Number Amount %
LI HSIN INVESTMENT CO LTD
Mr. Sheng-chia Huang
HUNG KUEI INVESTMENT CO LTD
Mr. Tien-ran Huang
Management: Mr. Tien-ran Huang,
General Manager
Mr. Chih-che Ke, Representative
Mr. Che-hsiu Lo, Vice General Manager
Name Nationality
Job Description
Mr. Tien-ran Huang Taiwanese
General Manager
Mr. Chih-che Ke Taiwanese
Representative
Mr. Che-hsiu Lo Taiwanese
Vice General Manager
*COMPANY DIRECTORS*
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1
Name : Mr. Tien-ran Huang
Nationality : Taiwanese
Country of Residence :
2
Name : Ms. Ying-mei Huang
Nationality : Taiwanese
*Main Products & Services*
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Specializes in the following areas of work :
1. Local purchasing of synthetic resins and miscellaneous adhesive for
industrial uses.
2. Construction in paint and deal with chemical resins used in building.
3. Sales and distribution of products to both local and international
markets.
Products: Adhesives
Chemical raw
materials
Paints
Polymers
Resins
*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
*Competitors*
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The following locally based companies supply similar range of products :
- CHARNG WEI CO LTD
- WACKER CHEMICALS HONG KONG LTD
- LAND-HOME INT'L CO LTD
- LINK-KUANG CHEMICAL INDUSTRY CO LTD
- SHENGLONG ARCHITECTURE MATERIAL CO LTD
*Local Distribution Network*
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An estimated 60% of the annual turnover is attributed to local
sales.
*Export Markets*
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An estimated 40% of the annual turnover is attributed to export.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name: CHING PAO INDUSTRY CO LTD
Country:
Relationship: Affiliate
Legal Form: Private company with limited liability
Company Type: Service
Industry: Professional Services
*Strategic Partners & Alliances*
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Group name : NAN PAO
Group
Holding company : NAN PAO RESINS CHEMICAL CO LTD
Group members : - TAIWAN NAN PAO
- KUNSHAN NAN PAO
- HUANG-JIANG NAN PAO
- FU QING
- FOSHAN NAN PAO
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GROUP STRUCTURE
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NAN PAO GROUP
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Footwear Business Unit
Adhesive Business Unit Coating Business
Unit
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_____________________________________|_____________________________________
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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
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 financial.
Although financial summaries were obtained for reference.
*BANK DETAILS*
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Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : ICBCTWTP
*Financial Summary (Currency:
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Year Sales Assets Net Income
2007 $1,448,400.72 $543,150.27 $63,367.53
*Int´l Trade Activity (Currency:
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Year Imports Exports Total
2005 n/a $360,000.00
$360,000.00
2006 n/a $390,000.00
$390,000.00
2007 n/a $480,000.00
$480,000.00
SC is considered small-sized in its line with a long development
history. 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 2891 Adhesives and
sealants
Trading 2800 Chemicals
and Allied Products
Trading 2821 Plastics
materials and resins
Trading 2851 Paints and
allied products
Trading 2899 Chemical
preparations,
Trading 5198 Paints,
Varnishes & Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3506910000 Adhesives
based on rubber or plastics (including artificial resins) for use as adhesives,
put up for retail sale as adhesive, nt exceed net wt of
Exporting 3905190000 Polymers
of vinyl acetate,not in aqueous dispersion
Trading 3208 Paint
& varnish from synth etc polymers nonaq, etc
Trading 3209 Paint
& varnish from synth etc polymers aqueous
Trading 3800 Miscellaneous
chemical products
Trading 3823905050 Chemical
products and preparations of the chemical or allied industries
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Paints
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region
Middle-East Exporting
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.83 |
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1 |
Rs.85.12 |
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Euro |
1 |
Rs.65.86 |
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%)