MIRA INFORM REPORT
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Report Date : |
06.01.2011 |
IDENTIFICATION DETAILS
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Name : |
SYN GREEN ENTERPRISE CO LTD |
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Registered Office : |
3 fl, |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
07.12.1995 |
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Com. Reg. No.: |
89632704 |
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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 5,000 |
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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 & address
SYN GREEN ENTERPRISE CO LTD
3FL,
TEL: 886-2-26325024 FAX:
886-2-26320119
EXECUTIVE SUMMARY
INCORPORATION DATE : DECEMBER 7, 1995
REGISTRATION NO. : 89632704
LEGAL FORM : PRIVATE COMPANY
WITH LIMITED LIABILITY
CHIEF EXECUTIVE : MR. CHI-JUNG HSIEH
(CHAIRMAN)
STAFF STRENGTH : 5
AUTHORIZED CAPITAL :
NTD 5,000,000
BUSINESS LINE : TRADER &
MANUFACTURER
TURNOVER : NTD 6,400,000
(AS OF DECEMBER 2009)
EQUITIES : N/A (AS OF
DECEMBER 2009)
PAYMENT : FAIR
RECOMM.
MARKET CONDITION : AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : TWD 29.21300 = 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 : 綠風實業有限公司
Registered Legal
Address: 9Fl, 198 Ta Tung Rd Section 3
Tel: [+886]
2-26330803
*CAPITAL (Currency:
NTD - New
======================================
Authorized Capital:
5,000,000
* OTHER LICENSES *
==================
Issuing Authority :
Industrial Development Bureau - Ministry of Economic Affairs
License Name :
Factory license
License Number :
9968968200
Date of Issuance :
26 Mar, 2003
*PREVIOUS CONTACT
DETAILS*
===========================
Company Address:
1Fl, 27, Lane 30,
*Office &
Facilities*
===============
Name : SYN GREEN
ENTERPRISE CO LTD - NEIHU DIST,
Building Size : 110
Square meters
Type of Location :
Commercial
Address : 3Fl,
Country :
Ownership of
Property : Rented / Leased
Status : Operational
*Factories, Size
& Locations*
======================
Name : SYN GREEN
ENTERPRISE CO LTD -
Land Size : 140
Square meters
Type of Location :
Industrial Bldg
Address : 9Fl, 198
Ta Tung Rd Section 3,
Country :
Ownership of
Property : Rented / Leased
Status : Operational
*REPUTATION*
=============
Reference checking
for the purpose of establishing the SYN GREEN ENTERPRISE CO LTD's reputation
within the respective industry failed to reveal any adverse information.
SC is
not known to host website of its own at present.
E-mail: konsari@ms34.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
Mr. Chi-jung
Hsieh
Name Nationality
Job Description Dept. / Division
Ms. Chiu-chen Hsieh Taiwanese Executive Sales
Ms. Eriel Hsieh Taiwanese Manager
Purchasing
Mr. Chi-jung Hsieh Taiwanese General Manager -
*Company Director*
===============
1
Name: Mr. Chi-jung
Hsieh
Country of
Residence:
Nationality:
Taiwanese
2
Name: Ms. Chiu-chen
Hsieh
3
Name: Ms. Eriel
Hsieh
*CORE BUSINESS
DESCRIPTION*
===========================
Core Business
------------------
The primary business
focus of SYN GREEN ENTERPRISE CO LTD is:
·Manufacturing - Finished products
Supplementary
Business
-----------------------------
In addition to the
core business, SYN GREEN ENTERPRISE CO LTD also is engaged in the following
areas of business:
Importing
·Importing - Finished products
Trading
·General trading
*Primary Products*
==============
Activity Products /
Materials / Services Description
Manufacturing,
Importing Condiments
Manufacturing Black pepper
Manufacturing Chili pepper
Manufacturing Fagara
Manufacturing Garlic
*Payment Terms*
==============
Selling
--------
Type Terms
Local Cash on delivery (COD)
Credit - Secured with Post-dated checks 30~90 days
Purchasing
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Type Terms
Local Cash on delivery (COD)
Import Letter of Credit (At-sight)
Telegraphic Transfer (T/T) - Executed at time of transaction
*COMPETITORS*
==============
The following is a
representative list of local competitors:
BLACK FLAG FOODS CO
CHAIO LIEN FOODS
PROCESSING FACTORY LTD
CHENSHIN NONG CHAN
GONG FACTORY
HSIN CHANG FOOD MILL
CORP
IUAN CHEN FOOD
PRODUCTS PROCESSING PLANT FACTORY
*DOMESTIC SALES
& PURCHASES*
=============================
Annual Sales
Analysis Percentage
--------------------------- ------------
Domestic Sales 100%
Annual Purchases
Analysis Percentage
--------------------------- ------------
Local Purchases 60%
Imports 40%
*Sales Channel
Analysis*
===================
Sales Channel Sales Channel Ownership Percentage
Wholesalers Owned
by Subject Business Entity (SBE) 100%
*Customer Type
Analysis*
===================
Customer Type Percentage
Trading company 100%
*DOMESTIC CUSTOMERS*
======================
AGUSH ENTERPRISE CO
LTD
GREEN LEADER FOODS
CO LTD
*(Subsidiaries,
Joint-ventures & Affiliates)
===============================
Business Entity
Name: AGUSH ENTERPRISE CO LTD
Country:
Relationship:
Affiliate
Primary Business Activity:
Importer
Industry: Food
Products
Business Entity
Name: GREEN LEADER FOODS CO LTD
Country:
Relationship:
Affiliate
Primary Business
Activity: Trader
Industry: Food
Products
Business Entity
Name: KONSARI ENTERPRISE CO LTD
Country:
Relationship:
Affiliate
Primary Business
Activity: Trader
Industry: Food
Products
PAYMENT RATING : 4
OBTAINED SCORES : 48
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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 SMALL amounts depending on
individual judgement experience.
*BANK DETAILS*
===============
Bank Name : BANK OF
Branch : Chungcheng
Dist,
Branch Address :
CHUNGCHENG DIST,
SWIFT Code :
BKTWTWTP
Bank Name : BANK
SINOPAC CO LTD
Branch : Chungshan
Dist,
Branch Address : 5Fl
Int'l Bank of
SWIFT Code :
SINOTWTP
Currency: NTD
Denomination: 1
Financial Year
Ending: December
Financial Highlights
As
of 2008 As of 2009
------------------------- ---------------- -------------
Total Assets (*) 3,800,000.00
3,800,000.00
Turnover (*) 5,900,000.00
6,400,000.00
Profit After Tax
attributable to Shareholders (*) 350,000.00
448,000.00
*Financial Summary
(Currency:
===============================
Year Sales Assets Net
Income
2007 $135,787.57 $114,665.06 $8,147.25
2008 $183,229.81 $118,012.42 $10,869.57
2009 (*) $198,943.11 $118,122.47 $13,926.02
Note: (*)
Financials listed
are the most recent available for this company.
*Int´l Trade
Activity (Currency:
=============================
Year Imports Exports
Total
2005 $42,000.00 $0.00
$42,000.00
2006 $63,000.00 $0.00
$63,000.00
2007 $71,000.00
$0.00 $71,000.00
2008 $97,000.00
n/a $97,000.00
2009 $105,000.00 n/a $105,000.00
OPINION AMOUNT: USD
125,000
SC is considered
small-sized in its line with a development history of more than 15 years. A
credit line at the above amount appears to be beyond SC’s capacities, while a
credit line up to USD 5,000 is recommended.
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 2000
Food and Kindred Products
Manufacturing,
Importing 2035 Pickled fruits
and vegetables, vegetable sauces and seasonings, and salad dressings
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3301301020 Black pepper
Manufacturing 0709600020 Chili peppers, fresh or chilled
Manufacturing 0712906000 Fennel, marjoram, parsley, savory and
tarragon, crude or not
manufactured, dried
Manufacturing 2103906060 Mixed condiments and mixed seasonings
Manufacturing 0703 Onions, shallots, garlic, leeks
etc, fr or chilled
Manufacturing,
Importing 0904120000 Pepper of the genus piper, crushed or
ground
Manufacturing 0904 Pepper, genus piper; genus
capsicum or pimento
Manufacturing 0909 Seeds, anise, badian, fennel,
coriander, cumin etc
Manufacturing 0910990000 Spices
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Ranking
Products / Materials / Services
Description
Manufacturing Primary Mints
Manufacturing,
Importing Primary Pepper
Manufacturing Primary Red
chili power
Manufacturing Primary Savory
Manufacturing Primary Star
anise
Manufacturing Secondary Baking
tea
Manufacturing,
Importing Secondary Spices
Manufacturing Secondary Turmeric
INTERNATIONAL TRADE: ACTIVITY & MARKETS
Country / Region 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.70.27 |
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Euro |
1 |
Rs.59.99 |
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 Business |
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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.