MIRA INFORM
REPORT
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Report Date : |
23.02.2011 |
IDENTIFICATION DETAILS
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Name : |
YON CHUN HO INT'L CO LTD |
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Registered Office : |
3fl, |
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Country : |
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Date of Incorporation : |
03.12.2004 |
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Com. Reg. No.: |
27212077 |
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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 30,000 |
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Status : |
Small company |
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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
YON
CHUN HO INT'L CO LTD
3FL,
TEL: 886-7-8135995
FAX: 886-7-8135677
EXECUTIVE SUMMARY
INCORPORATION DATE :
DEC. 3, 2004
REGISTRATION NO. :
27212077
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. CHIA-HSIANG CHANG (CHAIRMAN)
STAFF STRENGTH :
23
PAID-UP CAPITAL :
NTD 15,000,000
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NTD 35,000,000 (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 29.48009 = 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 : 永群豪國際股份有限公司
*OTHER LICENSES*
================
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory I license
License Number : 90h00052
Date of Issuance : 29 Jun, 2007
*CAPITAL (Currency: NTD - New
======================================
Authorized Capital : 15,000,000
Paid-up Capital : 15,000,000
*OFFICE & FACILITIES*
====================
Name : YON CHUN HO INT'L CO LTD - CHIENCHEN DIST,
Building Size : 583 Square meters
Employees : 15
Type of Location : Industrial Area
Address : 3Fl,
Country :
Ownership of Property : Rented / Leased
Other Use : Warehouse
Status : Operational
*PREVIOUS CONTACT DETAILS*
===========================
Company Address : 14Fl, 6,
Phone Number : 886-7-5365995
Fax Number : 886-7-5365811
*REPUTATION*
=============
Reference checking for the purpose of establishing the YON CHUN HO INT'L
CO LTD's reputation within the respective industry failed to reveal any adverse
information.
www.ychtw.com The design is
professional and the content is well organized. At present it is in both
Chinese and English versions.
E-mail: service@ychtw.com
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 5
Total number of shares: 975,000
Shareholders Country Number %
Mr. Chia-hsiang Chang
CHANG HUNG ASSETS
DEVELOPMENT MANAGEMENT
CO LTD
CHIAO HUNG INT'L DEVELOPER
LTD
Mr. Min-hsuan Wu
Mr. Shang-hsiu Wu
Name Nationality
Job Description Dept. / Division
Mr. Chia-hsiang Chang Taiwanese General Manager Regional
Mr. Min-hsuan Wu Taiwanese Executive -
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Chia-hsiang Chang
Nationality : Taiwanese
2
Name : Mr. Kuan-heng Yen
Nationality : Taiwanese
3
Name : Mr. Min-hsuan Wu
Nationality : Taiwanese
4
Name : Mr. Po-yi Wu
Nationality : Taiwanese
*Core Business Description*
====================
Core Business
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The primary business focus of YON CHUN HO INT'L CO LTD is:
·Manufacturing - Finished products
An integral part of the core business includes:
·Research & Development (R&D)
·Distribution
Supplementary Business
------------------------------
In addition to the core business, YON CHUN HO INT'L CO LTD also is
engaged in the following areas of business:
Exporting
·Exporting - Finished products
*Primary Products*
==============
Activity Products
/ Materials / Services Description
---------- -----------------------------------------------------
Manufacturing, Exporting Emulsion
paints
Manufacturing, Exporting Filler
Manufacturing, Exporting Paints
Manufacturing, Exporting Stains
Manufacturing, Exporting Wood
paints
*PAYMENT TERMS*
=================
Selling
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Type Terms
Local Cash on delivery
(COD)
Credit - Secured with Post-dated checks
30~60 days
Export Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Received at
time of transaction
Purchasing
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Type Terms
Local Cash on delivery
(COD)
Credit - Secured with Post-dated checks
30~60 days
*TRADE SHOWS*
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Exhibition Acronym
Country Participating Year
INTERWOOD
Woodworking Machinery & Supplies Show
*COMPETITORS*
==============
The following is a representative list of local competitors:
GO YEN CHEMICAL INDUSTRIAL CO LTD
HSIN MEI HUA PAINT FACTORY CO LTD
SHAN YEH PAINT INDUSTRIAL CO LTD
TAIWAN SAKURANOMIYA CHEMICAL CO LTD
TOHO PAINT CHEMICAL CO LTD
*Domestic Sales & Purchases*
=======================
Annual Sales Analysis Percentage
-------------------------- -------------
Domestic Sales 60%
International Sales (Export) 40%
Annual Purchases Analysis Percentage
-------------------------- -------------
Local Purchases 100%
*Sales Channel Analysis*
==================
Sales Channel Sales
Channel Ownership Percentage
----------------- ------------------------------- ---------------
Retail outlets Third
Party 70%
Direct end-user /consumer customer sales Third Party 10%
- via website
Direct end-user /consumer customer sales Owned by Subject Business 20%
- via sales team Entity
(SBE)
*Customer Type Analysis*
====================
Customer Type Percentage
Wooden industry 70%
Color-painted industry 30%
*DOMESTIC CUSTOMERS*
========================
CHIN PAI KO ENTERPRISE CO LTD
CHIN SHAN PAINT SHOP
CHYNDAN CO LTD
FUNG HSIN CO LTD
HAO HUA PAINT SHOP
HSIANG CHUAN PAINT CO LTD
HSIN CHANG PAINT SHOP
HUANG HSIN PAINT SHOP
HUI CHI CO
HUNG CHANG PAINT SHOP
HUNG HSIN PAINT SHOP
HUNG KUANG PAINT SHOP
KAO HSIN ENTERPRISE CO LTD
KUANG YANG PAINT SHOP
MIN SHAN PAINT SHOP
MY HOUSE CO LTD
SHAN TEH PAINT SHOP
SHIH CHANG PAINT SHOP
SHUN MING PAINT SHOP
TA CHIEN PAINT SHOP
TA TIAN PAINT SHOP
TAI HUA PAINT SHOP
TEH YUAN PAINT CO LTD
TUNG YANG CONSTRUCTION MATERIAL CO LTD
YA HSIN PAINT CO LTD
YAO MIN PAINT ENGINEERING CO LTD
YUNG CHI PAINT SHOP
YUNG FENG PAINT SHOP
YUNG SHAN PAINT SHOP
*LOCAL BRANCHES & MANAGEMENT*
=================================
Branch : YON CHUN HO INT'L CO LTD -
Branch Address :
Branch Tel : 886-2-85124603
Branch Employees : 3
Branch : YON CHUN HO INT'L CO LTD - EAST DIST,
Branch Address :
Branch Tel : 886-4-22151695
Branch Employees : 2
Branch : YON CHUN HO INT'L CO LTD - TSOYING DIST,
Branch Address :
Branch Tel : 886-7-7113688
Branch Employees : 3
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.
*BANK DETAILS*
===============
Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : TAIWAN COOPERATIVE BANK
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : TACBTWTP
*FINANCIAL STATEMENT – DETAILED*
=================================
Currency : NTD
Denomination : 1
Financial Year Ending : December
Financial Highlights As
of 2009
------------------------- -------------
Turnover(*) 35,000,000
Profit After Tax attributable to Shareholders(*) 1,400,000
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
2009(*) $1,087,970 n/a
$43,519
Note: (*)
Financials listed are the most recent available for this company.
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2007 n/a $160,000 $160,000
2008 n/a $240,000 $240,000
2009 n/a $300,000 $300,000
SC is considered small-sized in its line with a development history of 7
years. Taking into consideration of SC’s general performance, a credit line up
to USD 30,000 appears to be within SC’s capacities.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing, Exporting 2899
Chemical preparations,
Manufacturing, Exporting 5169
Chemicals/Allied Prdts, NEC
Manufacturing, Exporting 2851
Paints and allied products
Manufacturing, Exporting 5198
Paints, Varnishes & Supplies
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing, Exporting 3824909050
Chemical products and preparations
of the chemical or allied industries
Manufacturing, Exporting 3800
Miscellaneous chemical
products
Manufacturing, Exporting 3208
Paint & varnish from
synth etc polymers nonaq, etc
Manufacturing, Exporting 3210
Paints & varnishes;
water pigments for leather
Manufacturing, Exporting 3212
Pigments nonaq liquid etc
for paint; st foil; dye etc
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.45.20 |
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1 |
Rs.73.07 |
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Euro |
1 |
Rs.61.41 |
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.