MIRA INFORM
REPORT
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Report Date : |
22.02.2011 |
IDENTIFICATION DETAILS
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Name : |
HAN CHANG MACHINERY INDUSTRIAL CO LTD |
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Registered Office : |
5, Lane 360, |
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Country : |
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Date of Incorporation : |
09.06.1986 |
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Com. Reg. No.: |
22202439 |
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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 : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 10,000 |
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Status : |
Moderate |
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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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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 and address
HAN
CHANG MACHINERY INDUSTRIAL CO LTD
5, LANE 360,
TEL: 886-6-2535358
FAX: 886-6-2536106
EXECUTIVE SUMMARY
INCORPORATION DATE : JUNE 9, 1986
REGISTRATION NO. :
22202439
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MS. MIAO-CHEN HUANG (FINANCE MANAGER)
STAFF STRENGTH :
17
AUTHORIZED CAPITAL : NTD 27,000,000
BUSINESS LINE : MANUFACTURER
TURNOVER :
NTD 91,000,000 (AS OF DECEMBER, 2009)
EQUITIES :
N/A (AS OF DECEMBER, 2009)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
TWD 29.35305 = 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 : 漢菖機械工業有限公司
Tel: [+886] 6-2535359
[+886]
6-2539185
*Previous Name*
=============
Business Entity Name Effective
Date
HAN CHANG MACHINE INDUSTRIAL CO LTD 9
Jun, 1986
HAN CHANG MACHINERY INDUSTRIAL CO LTD 2007
*CAPITAL (Currency: NTD - New
=====================================
Authorized Capital: 27,000,000
*OFFICE & FACILITIES*
====================
Name : HAN CHANG MACHINERY INDUSTRIAL CO LTD -
Building Size : 1,256 Square meters
Employees : 2
Type of Location : Industrial Area
Address : 5, Lane 360,
Country :
Ownership of Property : Rented / Leased
Other Use : Factory, Warehouse
Status : Operational
*REPUTATION*
=============
Reference checking for the purpose of establishing the HAN CHANG
MACHINERY INDUSTRIAL CO LTD's reputation within the respective industry failed
to reveal any adverse information.
http://hc-hanchang.myweb.hinet.net/
SC’s website is unable to be landed at present for the technical reason.
E-mail: han.chang99@msa.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: N/A
Total number of shares: N/A
Shareholders Country Number Amount
(NTD) %
Ms. Miao-chen Huang
Name Nationality
Job Description Dept. / Division
Mr.
Ms. Miao-chen Huang Taiwanese
Manager Finance
*COMPANY DIRECTOR*
====================
1
Name : Mr. Pei-hung Hsieh
Mobile No. : 886-886-928877111
2
Name : Ms. Miao-chen Huang
Country of Residence :
*CORE BUSINESS DESCRIPTION*
===========================
Core Business
------------------
The primary business focus of HAN CHANG MACHINERY INDUSTRIAL CO LTD is:
·Manufacturing - Finished products
An integral part of the core business includes:
·Research & Development (R&D)
·After sales services & maintenance
·Distribution
Supplementary Business
------------------------------
In addition to the core business, HAN CHANG MACHINERY INDUSTRIAL CO LTD
also is engaged in the following areas of business:
Exporting
·Exporting - Finished products
Trading
·General trading
*Primary Products*
==============
Activity Products / Materials /
Services Description
Manufacturing, Exporting Molding
machines hydraulic rubber
Manufacturing, Exporting Compression
molding machines
Manufacturing, Exporting Custom-built
products
Manufacturing, Exporting Foam
compression molding
Manufacturing, Exporting Injection
molded parts
*PAYMENT TERMS*
=================
Selling
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Type Terms
Local Cash on delivery
(COD)
Credit - Secured with Post-dated checks
30~90 days
Export Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Received at
time of transaction
Purchasing
--------------
Type Terms
Local Cash on delivery
(COD)
Credit - Secured with Post-dated checks
30~90 days
Import Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Executed at
time of transaction
*BRANDS & TRADEMARKS*
========================
H.C
*TRADE SHOWS*
===============
Exhibition Acronym
Country Participating Year
Int'l Plastics & Rubber Industry Show
*ASSOCIATIONS*
===============
*COMPETITORS*
==============
The following is a representative list of local competitors:
CHIA MING MACHINERY CO LTD
FULL SHINE PLASTIC MACHINERY CO LTD
HAO YU PRECISION MACHINERY INDUSTRY CO LTD
ROUNDTOP MACHINERY INDUSTRIES CO LTD
SANDSUN PRECISION MACHINERY CO LTD
*DOMESTIC SALES & PURCHASES*
=============================
Annual Sales Analysis Percentage
-------------------------- ------------
Domestic Sales 40%
International Sales (Export) 60%
Annual Purchases Analysis Percentage
-------------------------- ------------
Local Purchases 90%
Imports 10%
*Sales Channel Analysis*
===================
Sales Channel Sales
Channel Ownership Percentage
Wholesalers Owned by Subject Business Entity
(SBE) n / a
Other Sales Channel n/a 100%
*DOMESTIC CUSTOMERS*
=======================
TAIWAN PAI TECH MACHINERY CO LTD
*LOCAL BRANCHES & MANAGEMENT*
=================================
Branch : HAN CHANG MACHINERY INDUSTRIAL CO LTD (FOREIGN DEPARTMENT) -
Branch Address : 5Fl, 45,
Branch Tel : [+886] 2-25975301
Branch Fax : [+886] 2-25930672
Branch Email : paitechf@ms5.hinet.net
Branch Employees : 2
*(Subsidiaries, Joint-ventures & Affiliates)
==============================
Company Name : DOUG GUAN HAN CHANG MACHINERY INDUSTRIAL CO LTD
Address : Qiaotou Cun Industrial Area (Zone)
Country :
Relationship : Affiliate
Legal Form : Private Company with Limited Liability
Company Type : Manufacturer
Industry : Machinery
Business Entity Name : TAIWAN PAI TECH MACHINERY CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Exporter
Industry : Machinery
PAYMENT
RATING : 3 OBTAINED SCORES : 51
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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 : BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,
Branch Address :
SWIFT Code : CCBCTWTP
*FINANCIAL STATEMENT – DETAILED*
=================================
Currency : NTD
Denomination : 1
Financial Year Ending : December
Financial Highlights As
of 2009
------------------------ ---------------
Total Assets(*) 12,000,000
Turnover(*) 91,000,000
Profit After Tax attributable to Shareholders(*) 3,000,000
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
2008 $2,267,080.75 $372,670.81 $49,689.44
2009 (*) $2,828,722 $373,018
$93,255
Note: (*)
Financials listed are the most recent available for this company.
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2006 $0.00 $46,312,000.00 $46,312,000.00
2007 $0 $850,000 $850,000
2008 $680 $755,752 $756,432
2009 $3,900 $890,000 $893,900
SC is considered small-sized in its line with a development history of
25 years. Taking into consideration of SC’s general performance, a credit line
up to USD 10,000 appears to be within SC’s capacities.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing, Exporting 3569
General industrial machinery and equipment,
and parts,
Exporting, Manufacturing 3500
Industrial Machinery & Equipment
Manufacturing, Exporting 5084
Industrial Machinery/Equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing, Exporting 8477200050
Extruders of a type used for
processing thermoplastics
Manufacturing, Exporting 8477106010
Injection-molding machines of a type
used for processing rubber or other thermosetting materials
Manufacturing, Exporting 8477
Machinery for working
rubber & plastic etc, parts
Manufacturing, Exporting 8479
Machines etc having
individual functions, parts
Manufacturing, Exporting 8480790000
Molds for rubber or plastics, other
than injection or compression types
Manufacturing, Exporting 8477908010
Other parts of injection-molding
machines
Manufacturing, Exporting 8477900010
Parts of injection-molding machines
for rubber or plastics
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Ranking Products / Materials / Services
Description
Manufacturing, Exporting Primary Injection
molding machines
Manufacturing, Exporting Primary
Injection molding plastic
part
Manufacturing, Exporting Primary Melamine
compression molding
Manufacturing, Exporting Primary Press
automation machines
Manufacturing, Exporting Primary Press
machines
Manufacturing, Exporting Primary
Presswork machine
Manufacturing, Exporting Primary Rubber
injection molding
Manufacturing, Exporting Primary Rubber
molding press machine
Manufacturing, Exporting Primary Rubber
press machine
Manufacturing, Exporting Primary Sub-equipment
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Estimated level of importance Trading Activity
Middle-East High Exporting
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.11 |
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1 |
Rs.73.25 |
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Euro |
1 |
Rs.61.70 |
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 |
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NB |
New Company |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.