MIRA INFORM
REPORT
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Report Date : |
01.08.2011 |
IDENTIFICATION DETAILS
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Name : |
LIAN SHYANG INDUSTRIES CO LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
30.07.1980 |
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Com. Reg. No.: |
69646693 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Manufacturing of Finished 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 50,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Taiwan |
a2 |
a2 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name & address
LIAN
SHYANG INDUSTRIES CO LTD
HSIANG
TEL: 886-6-5965269 FAX: 886-6-5965263
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 30, 1980
REGISTRATION NO. :
69646693
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MS. HSIU-WEI TSAI (PRESIDENT)
STAFF STRENGTH :
28
CAPITAL :
NTD 37,000,000
BUSINESS LINE :
MANUFACTURER & EXPORTER
TURNOVER :
NTD 130,000,000 (AS OF DECEMBER, 2009)
EQUITIES :
N/A (AS OF DECEMBER, 2009)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 29.04960 = 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 –
Name in Local Language : 連翔工業股份有限公司
Registered Legal Address : 7, Lane 531,
*CAPITAL (Currency: NTD - New
=====================================
Authorized Capital: 37,000,000
Paid-up Capital: 37,000,000
*OFFICE & FACILITIES*
====================
Name : LIAN SHYANG INDUSTRIES CO LTD - KUANMIAO HSIANG,
Building Size : 2,879 Square meters
Employees : 0
Type of Location : Industrial Area
Address :
Country :
Ownership of Property : Owned by Director
Owner Name : Mr. Chun-chieh Yang
Other Use : Factory
Status : Operational
*PREVIOUS CONTACT DETAILS*
============================
Company Address : 10, Lane 1, Chang Rong Rd Section 1 Ta Tan Tsun 711,
Kueijen Hsiang, Tainan Hsien 711
Phone Number : 886-6-2780540
Fax Number : 886-6-2780542
*Factory Contact Details*
===================
Address :
*REPUTATION*
=============
Reference checking for the purpose of establishing the LIAN SHYANG
INDUSTRIES CO LTD's reputation within the respective industry failed to reveal
any adverse information.
www.lian-shyang.com.tw The design is professional and the content is
well organized. At present it is in both Chinese and English versions.
E-mail: lian2183@ms14.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 4
Total number of shares: 6,550
Shareholders Country Number Amount (NTD) %
Ms. Hsiu-hui Tsai
Mr. Chun-chieh Yang
Mr. Lan-chun Yang
Mr. Jack Min-chieh Yang
Name Nationality
Job Description Dept. / Division
Ms. Bonnie Yu-chuan Wu Taiwanese
Manager Sales
Ms. Hsiu-hui Tsai Taiwanese
Managing Director -
Ms. Hsiu-wei Tsai Taiwanese
President -
Mr. Jack Min-chieh Yang Taiwanese
General Manager -
*COMPANY DIRECTOR*
====================
1
Name : Ms. Hsiu-hui Tsai
2
Name : Ms. Hsiu-wei Tsai
3
Name : Ms. Bonnie Yu-chuan Wu
4
Name : Mr. Jack Min-chieh Yang
5
Name : Mr. Chun-chieh Yang
Nationality : Taiwanese
*CORE BUSINESS DESCRIPTION*
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Core Business
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The primary business focus of LIAN SHYANG INDUSTRIES CO LTD is:
·Manufacturing - Finished products
An integral part of the core business includes:
·Research & Development (R&D)
·After sales services & maintenance
Supplementary Business
------------------------------
In addition to the core business, LIAN SHYANG INDUSTRIES CO LTD also is
engaged in the following areas of business:
Exporting
·Exporting - Finished products
Trading
·General trading - Finished products
*Primary Products*
==============
Activity Products
/ Materials / Services Description
Manufacturing, Exporting Fastener
production machines
Manufacturing, Exporting Nut
tapping machine
*COMPETITORS*
==============
The following is a representative list of local competitors:
ALEX GLOBAL TECHNOLOGY INC
DAH-LIAN MACHINE CO LTD
HONOR BEST CO LTD
SAN SHING FASTECH CORP
TIAN ZUH FAR CO
*DOMESTIC SALES & PURCHASES*
==============================
Annual Sales Analysis Percentage
--------------------------- -------------
Domestic Sales 30%
International Sales (Export) 70%
Annual Purchases Analysis Percentage
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Local Purchases 90%
Imports 10%
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Company Name : ZHEJIANG YESWIN MACHINERY CO LTD
Address : 16 Jin Jia Da Dao
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Trader
Industry : Machinery
PAYMENT RATING : 3 OBTAINED SCORES : 68
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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.
*BANK DETAILS*
===============
Bank Name : FIRST COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address : Chungcheng Dist,
SWIFT Code : FCBKTWTP
*FINANCIAL STATEMENT – DETAILED*
=================================
Currency : NTD
Denomination : 1
Financial Year Ending : December
Financial Highlights As
of 2009
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Total Assets(*) 29,000,000
Turnover(*) 130,000,000
Profit After Tax attributable to Shareholders(*) 9,100,000
*Financial Ratio*
=============
Financial Highlights As
of 2009
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Profitability
Profit Margin (%) 7.00
Return on Assets (%) 31.38
Asset Management
Total Assets Turnover (Times) 4.48
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
2008 $11,189,751.55 $1,086,956.52 $895,186.34
2009 (*) $4,041,032 $901,461 $282,872
Note: (*)
Financials listed are the most recent
available for this company.
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2006 $15,000.00 $4,300,000.00 $4,315,000.00
2007 $20,000.00 $2,300,000.00 $2,320,000.00
2008 $22,683.23 $4,639,751.55 $4,662,434.78
SC is considered small-sized in its line with a development history of
31 years. Taking into consideration of SC’s general performance, a credit line
up to USD 50,000 appears to be within SC’s capacities.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing, Exporting 3452 Bolts, nuts, screws, rivets, and washers
Manufacturing, Exporting 3499 Fabricated metal products,
Manufacturing, Exporting 3569 General industrial machinery and equipment,
and parts,
Manufacturing, Exporting 3500 Industrial Machinery & Equipment
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing, Exporting 8479 Machines etc having individual
functions, parts
Manufacturing, Exporting 8300 Miscellaneous articles of base
metal
Manufacturing, Exporting 7318160000 Nuts of iron or steel
Manufacturing, Exporting 7318160090 Other nuts of iron or steel
Manufacturing, Exporting 7318 Screws, bolts, nuts, washers
etc, iron or steel
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Ranking Products / Materials / Services
Description
Manufacturing, Exporting Secondary Bolts
Manufacturing, Exporting Secondary Nut
former
Manufacturing, Exporting Secondary Nuts
Manufacturing, Exporting Secondary Screws
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Trading Activity
Virgin Islands (
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.16 |
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1 |
Rs.72.10 |
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Euro |
1 |
Rs.63.10 |
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 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.