MIRA INFORM REPORT
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Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
S JAEGER & SON LTD |
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Registered Office : |
Hsinying Industrial Park |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
19.10.1981 |
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Com. Reg. No.: |
12353062 |
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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 250,000 |
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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 – 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 & address
S
JAEGER & SON LTD
HSINYING INDUSTRIAL PARK
TEL: 886-6-2365135 FAX: 886-6-6527902
EXECUTIVE SUMMARY
INCORPORATION DATE : OCT. 19, 1981
REGISTRATION NO. : 12353062
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE : MR. CHEN-HSIUNG WANG (CHAIRMAN)
STAFF STRENGTH :
39
PAID-UP CAPITAL :
NTD 70,000,000
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NTD 679,000,000 (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 29.19492 = 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 : 年冠實業股份有限公司
*CAPITAL (Currency: NTD - New
=====================================
Authorized Capital: 70,000,000
Paid-up Capital: 70,000,000
Date Authorized
Capital - History
----- ----------------------------------
19 Oct, 1981 60,000,000
*PREVIOUS CONTACT DETAILS*
===========================
Company Address : 107 Nan Wan St,
Phone Number : 886-6-2725135
Company Address : 425-427 Chia Fang Tun, Yenshui Chen,
*REAL ESTATE OWNERSHIP*
========================
The following property / ies are owned by S JAEGER & SON LTD :
Property Name : S JAEGER & SON LTD -
Type of Property : Office & Warehouse compound
Address : Hsinying Industrial Park
Office Size : 4,850 Square meters
Estimated Value : NTD 260,000,000.00
Property Legal Status : Mortgaged
*REPUTATION*
=============
Reference checking for the purpose of establishing the S JAEGER &
SON LTD's reputation within the respective industry failed to reveal any
adverse information.
www.s-jaeger-son.com.tw/ec99/default.asp
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: siaeger@ms41.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 4
Total number of shares: 5,338
Shareholders Country Number Amount %
Mr. Chen-hsiung Wang
Mrs. Chin-chu Yang Wang
Mrs. Shu-chen Wang Hsu
Ms. Wang-lin Hsu
Name Nationality
Job Description Dept. / Division
Mr. Kun-hung Hsu Taiwanese
Manager Sales
Ms. Wang-lin Hsu Taiwanese
Manager Administration
Ms. Chia-ying Lee Taiwanese
Accountant Finance
Mr. Chen-hsiung Wang Taiwanese General Manager -
Mr. Chien-min Wang Taiwanese Vice Manager -
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Chen-hsiung Wang
Nationality : Taiwanese
Country of Residence :
2
Name : Mrs. Chin-chu Yang Wang
Nationality : Taiwanese
3
Name : Mrs. Shu-chen Wang Hsu
Nationality : Taiwanese
4
Name : Mr. Kun-hung Hsu
5
Name : Ms. Wang-lin Hsu
6
Name : Ms. Chia-ying Lee
7
Name : Mr. Chien-min Wang
Email : tim1210@ms42.hinet.net
*Core Business Description*
====================
Core Business
-----------------
The primary business focus of S JAEGER & SON LTD is:
·Manufacturing - Finished products
An integral part of the core business includes:
·Assembly & packaging
·Distribution
Supplementary Business
------------------------------
In addition to the core business, S JAEGER & SON LTD also is engaged
in the following areas of business:
Exporting
·Exporting - Finished products
Importing
·Importing - Materials
*Primary Products*
==============
Activity Products /
Materials / Services Description
---------- -----------------------------------------------------
Manufacturing Adzuki
beans
Manufacturing Apricots
Manufacturing Beans
Manufacturing Grain
crops
Manufacturing Grains
*Payment Terms*
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Selling
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Type Terms
Local Cash on delivery
(COD)
Credit - Unsecured 30~90 days
Export Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Received at
time of transaction
Documents against Acceptance (D/A)
Purchasing
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Type Terms
Local Cash on delivery
(COD)
Credit - Unsecured 30~90 days
Import Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Executed at
time of transaction
Documents against Acceptance (D/A)
*COMPETITORS*
==============
The following is a representative list of local competitors:
CHANG CHUNG CEREAL CO LTD
DAH CHERN ENTERPRISE CO LTD
GOLDENCROPS CORP
ING SHIANG CO LTD
KENDYS TRADING CO LTD
NIENG NOONG TRADING CO LTD
SUN TING TRADING CO LTD
WHYNOT NATURAL GOODS INC
*Domestic Sales & Purchases*
=======================
Annual Sales Analysis Percentage
--------------------------- -------------
Domestic Sales 90%
International Sales (Export) 10%
Annual Purchases Analysis Percentage
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Local Purchases 80%
Imports 20%
*Sales Channel Analysis*
==================
Sales Channel Sales
Channel Ownership Percentage
----------------- ------------------------------- ---------------
Wholesalers Owned by Subject Business Entity
(SBE) n/a
Other Sales Channel n/a 100%
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Business Entity Name : NIENG NOONG TRADING CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Importer
Industry : Agricultural Products
PAYMENT
RATING : 3 OBTAINED SCORES : 69
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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 : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,
Branch Address :
SWIFT Code : CCBCTWTP
Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : HNBKTWTP
Bank Name : LAND BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : LBOTTWTP
*FINANCIAL STATEMENT – DETAILED*
=================================
Currency : NTD
Denomination : 1
Financial Year Ending : December
Financial Highlights As
of 2009
------------------------ ----------------
Total Assets(*) 257,600,000
Turnover(*) 679,000,000
Profit After Tax attributable to Shareholders(*) 27,000,000
*Financial Ratio*
=============
Financial Highlights As
of 2009
------------------------ ----------------
Profitability
Profit Margin (%) 3.98
Return on Assets (%) 10.48
Asset Management
Total Assets Turnover (Times) 2.64
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
2004 $16,601,504 n/a n/a
2005 $20,144,076 $8,846,761 $426,825
2006 $17,731,415 $7,787,183 $375,704
2007 $18,105,009 $7,773,084
$573,325
2008 $19,565,217 $8,000,000
$714,286
2009 (*) $21,106,621 $8,007,460
$839,291
Note: (*)
Financials listed are the most recent available for this company.
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2003 $173,399,999.87 $1,040,400.15 $174,440,400.02
2004 $232,750,000.00 $1,662,500.00 $234,412,500.00
2005 $237,375,000.00 $2,215,500.00 $239,590,500.00
2006 $216,382,890.05 $1,540,270.96 $217,923,161.01
2007 $7,430,000 $37,000 $7,467,000
2008 $10,580,000 $49,000 $10,629,000
2009 $11,238,825 $51,554 $11,290,379
SC is considered small-sized in its line with a development history of nearly
30 years. The above credit amount appears to be within SC’s capacities.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing, Importing 0100 Agricultural Production-Crops
Importing 0115 Corn
Manufacturing, Importing 5153 Grain & Field Beans
Manufacturing 2048 Prepared feeds,
Manufacturing 0116 Soybeans
Importing 0111 Wheat
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Importing 1209210020
Alfalfa (lucerne) seed for sowing,
certified
Importing 1003004010
Barley seed
Importing 0713311000
Beans of the species vigna mungo
(l.) hepper or vigna radiata (l.)
wilczek, seeds of
a kind used for sowing, dried
Manufacturing, Importing 0713501000
Broad beans (vicia faba var. major)
and horse beans (vicia faba
var. equina and vicia faba var. minor) seeds
of a kind used for sowing, dried, shelled
Importing 1008300000
Canary seed
Importing 1005902000
Corn (maize) yellow dent, except
seed
Importing 0713335020
Dark red kidney beans, (except
seed), dried, shelled
Manufacturing, Importing 0713901000
Dried leguminous vegetables nesoi
shelled, seeds of a kind used for sowing
Importing 1001100000
Durum wheat
Importing 1212300000
Fruit stones and kernels, apricot,
peach or plum, used primarilly
for human
consumption
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Ranking Products / Materials / Services
Description
Manufacturing, Importing Primary Mung
beans
Manufacturing Primary Nuts
Manufacturing Primary Oats
Manufacturing Primary Pigeon
feeds
Manufacturing Primary Red
beans
Manufacturing Primary Soyabean
Manufacturing Primary Soybeans
Manufacturing Primary Stock
feeds
Importing Secondary Alfalfa
seeds
Importing Secondary Bird
feeds
Importing Secondary Canary
seeds
Importing Secondary Corn
Importing Secondary Durum
wheat
Importing Secondary Grain
sorghum
Importing Secondary Kidney
beans
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Estimated level of importance Trading Activity
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.50 |
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1 |
Rs.73.07 |
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Euro |
1 |
Rs.61.63 |
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.