MIRA INFORM
REPORT
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Report Date : |
13.01.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
TRUSTWELL PRINTING EQUIPMENT INC |
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Registered Office : |
11, |
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Country : |
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Date of Incorporation : |
17.07.1979 |
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Com. Reg. No.: |
52530515 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
General trading 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 : |
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
TRUSTWELL
PRINTING EQUIPMENT INC
11,
TEL: 886- 4-23595868 FAX: 886-4-23595878
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUL. 17, 1979
REGISTRATION NO. :
52530515
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. WEI-LUN TSAI (MANAGING DIRECTOR)
STAFF STRENGTH :
8
CAPITAL :
NTD 7,100,000
BUSINESS LINE :
TRADER
TURNOVER :
NTD 32,000,000 (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 29.08797 = 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 : 亨中印刷器材股份有限公司
Registered Legal Address: 1Fl, 11,
*CAPITAL (Currency: NTD - New
======================================
Authorized Capital: 7,100,000
Paid-up Capital: 7,100,000
*OFFICE & FACILITIES*
====================
Name : TRUSTWELL PRINTING EQUIPMENT INC - HSITUN DIST,
Building Size : 1,350 Square meters
Type of Location : Industrial Area
Address : 11,
Country :
Ownership of Property : Owned by Related party
Owner Name : TRUSTWELL INDUSTRIAL LTD
Status : Operational
*REPUTATION*
=============
Reference checking for the purpose of establishing the TRUSTWELL
PRINTING EQUIPMENT INC's reputation within the respective industry failed to reveal
any adverse information.
www.trustwell-screen.com.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: tpe@trustwell.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 4
Total number of shares: 4,509
Shareholders Country Number %
Mr. Wei-lun Tsai
Mr. Chu-chien Wu
Mr. Wei-chieh Tsai
Ms. Ping-feng Chang
Name Nationality
Job Description Dept. / Division
Mr. Ming-teh Lai Taiwanese Manager Sales
*COMPANY DIRECTORS*
======================
1
Name : Mr. Ming-teh Lai
2
Name : Mr. Chu-chien Wu
Nationality : Taiwanese
3
Name : Mr. Wei-lun Tsai
Nationality : Taiwanese
4
Name : Ms. Ping-feng Chang
Nationality : Taiwanese
*CORE BUSINESS DESCRIPTION*
===========================
Core Business
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The primary business focus of TRUSTWELL PRINTING EQUIPMENT INC is:
·General trading - Finished products
An integral part of the core business includes:
·Outsourcing - General
Supplementary Business
------------------------------
In addition to the core business, TRUSTWELL PRINTING EQUIPMENT INC also
is engaged in the following areas of business:
Exporting
·Exporting - Finished products
Importing
·Importing - Finished products
*Primary Products*
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Activity Products / Materials /
Services Description
Trading Printing equipments
Trading Printing materials
Trading Special equipment
*PAYMENT TERMS*
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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
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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
*COMPETITORS*
==============
The following is a representative list of local competitors:
AURORA HOLDINGS CORP
DERN FONG MACHINERY CO LTD
MASTERWORK GRAPHIC EQUIPMENT LTD
TAIYI PRECISION TECH CORP
YET COMPUTER INC
*DOMESTIC SALES & PURCHASES*
=============================
Annual Sales Analysis Percentage
--------------------------- --------------
Domestic Sales 50%
International Sales (Export) 50%
Annual Purchases Analysis Percentage
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Local Purchases 80%
Imports 20%
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Business Entity Name : MYLUAT TRADE CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Service
Industry : Professional Services
Business Entity Name : TRUSTWELL INDUSTRIAL LTD
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Machinery
Business Entity Name : TRUSTWELL NEOTECHNOLOGY CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Trader
Industry : Machinery
PAYMENT RATING : 3 OBTAINED SCORES : 52
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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 : TAIWAN COOPERATIVE BANK
Branch : Chungcheng Dist,
Branch Address : 77 Kuan Chien Rd Chungcheng Dist,
SWIFT Code : TACBTWTP
*FINANCIAL STATEMENT – DETAILED*
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Currency : NTD
Denomination : 1
Financial Year Ending : December
Financial Highlights As
of 2009
------------------------ --------------
Total Assets(*) 6,800,000
Turnover(*) 32,000,000
Profit After Tax attributable to Shareholders(*) 2,560,000
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
2009 (*) $994,716 $211,377 $79,577
Note: (*)
Financials listed are the most recent available for this company.
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2008 $340,248 $412,422 $752,671
2009 $330,000 $500,000 $830,000
SC is considered small-sized in its line with a development history of 32
years. The above credit amount appears to be beyond SC’s capacities, while a
credit line up to USD 10,000 is recommended.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3569 General industrial machinery and equipment,
and parts,
Trading 3500 Industrial Machinery & Equipment
Trading 5084 Industrial Machinery/Equip
Trading 3555 Printing trades machines and equipment, and
parts and accessories,
Trading 2796 Printing type, blocks, plates and other
printing components; cylinders and lithographic
stones, prepared
for printing purposes
Trading 3559 Special industry machinery, and parts,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8451290090 Drying machines
Trading 8451290010 Drying machines, for drying made up
articles
Trading 8462 Machine tools for forging,
bending, stamping etc
Trading 8451 Machinery (not laundry) for
cleaning, drying etc
Trading 8479 Machines etc having individual
functions, parts
Trading 8443600000 Machines for uses ancillary to printing
Trading 8471927500 Printer units
Trading 8471927000 Printers
Trading 8471606790 Printers, other
Trading 8443505000 Printing machinery
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Ranking Products / Materials / Services Description
Trading Secondary Automatic
cleaning machines
Trading Secondary Digital
printers
Trading Secondary Drying
equipments
Trading Secondary Punching
machine
Trading Secondary Stencil
equipment
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.45.16 |
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1 |
Rs.70.64 |
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Euro |
1 |
Rs.58.68 |
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.