MIRA
INFORM REPORT
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Report Date : |
11.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
UM GRAVURE INDUSTRIAL CO LTD |
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Registered Office : |
16, Lane 142, Min Fu Rd Section 3 Yangmei Chen Taoyuan Hsien 326 |
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Country : |
Taiwan |
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Date of Incorporation : |
26.08.1991 |
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Com. Reg. No.: |
86276224 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing of Raw Materials used in Production. Manufacturing of various types of Packaging Products. |
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 30,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
UM
GRAVURE INDUSTRIAL CO LTD
16, LANE 142, MIN FU RD
SECTION 3 YANGMEI CHEN TAOYUAN HSIEN 326,
TAIWAN
TEL: 886-3-4723939 FAX: 886-3-4723838
EXECUTIVE SUMMARY
INCORPORATION DATE : AUGUST 26, 1991
REGISTRATION NO. :
86276224
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. KUANG-MING CHANG (CHAIRMAN)
STAFF STRENGTH :
24
CAPITAL :
US$ 1,642,036
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 30,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
TWD 31.88184 = 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 : 9962476000
Date issued : 12 June,
2002
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory
license
*Office & Facilities*
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Size :
1,510 square meter (Approx)
Location :
Taoyuan Hsien
Property status : Owned by
UM GRAVURE INDUSTRIAL CO LTD
Type of building : Industrial
building
Comment : Serves as office and factory
*Corporate & Organization Structure*
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A small 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: um.gravure@msa.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: 3,724
Shareholders Country
Number Amount %
Mr. Kuang-ming Chang Taiwan 1,613.00 n/a 43.31
Mr. Hsien-chung Ko Taiwan 1,041.00 n/a 27.95
Ms. Kuei-chu Feng Taiwan
554.00 n/a 14.88
Ms. Shu-chuan Chang Taiwan 516.00 n/a 13.86
Management: Mr. Kuang-ming Chang, General Manager
Name Nationality
Job Description
Mr. Kuang-ming Chang Taiwanese
General Manager
*COMPANY DIRECTORS*
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1
Name : Mr. Kuang-ming Chang
Nationality : Taiwanese
2
Name : Ms. Kuei-chu Feng
Nationality : Taiwanese
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing of raw materials used in production.
2. Manufacturing of various types of packaging products.
3. Sales and distribution of products to domestic market.
Products: Aluminum foil
Foils
Medical
packaging
PVC foils
Packing papers
*Brand*
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UM
*Payment Terms*
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Sales
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Local : 30 - 90 days credit
Cash
Purchase
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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 Telegraphic/Transfer (T/T)
*Competitors*
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The following locally based companies supply similar range of products :
- CHINA GRAVURE INDUSTRIES INC
- MEDIPACK MEDICAL PACKAGING MFG CO
- TAIPOLY INDUSTRIES CORP
- WAPO CORP
- MAU JEH INDUSTRIAL CO LTD
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*International Trade Activity*
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The "export" figures listed above are not actual products
being exported by UM GRAVURE, but a small percentage of returned goods
manufactured by the overseas supplier.
SC is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES :
53
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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 : TAIWAN COOPERATIVE BANK
Branch : Yangmei Chen,
Branch Address : 77 Kuan Chien Rd Chungcheng Dist Taipei City 100 (Head
Office)
SWIFT Code : TACBTWTP
*Financial Summary (Currency: U.S. $'s)
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Year Sales Assets Net Income
2007 $1,478,575.74 $1,237,175.62 $84,490.04
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2005 $860,000.00 $6,000.00 $866,000.00
2006 $470,000.00 $2,700.00 $472,700.00
2007 $550,000.00 $3,000.00 $553,000.00
SC is considered small-sized in its line with a development history of 17
years. Taking into consideration of SC’s general performance, a credit line up
to USD 30,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2673 Plastics,
foil, and coated paper bags
Manufacturing 2671 Coat/Laminate
Paper Packaging
Manufacturing 2673 Plastics,
foil, and coated paper bags
Manufacturing 4783 Packing
& Crating
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3921904010 Plates, sheets, film, foil & strip, reinforced with paper,
flexible
Manufacturing 3921 Plates,
sheets, film, foil & strip, plastics
Manufacturing 3923900000 Articles
for the conveyance or packing of goods,etc,of plastic,
Manufacturing 9854 Packing
& crating
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Medical
packaging
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Importing
Europe Importing
Switzerland Importing
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.77 |
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UK Pound |
1 |
Rs.80.67 |
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Euro |
1 |
Rs.64.20 |
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%)