MIRA INFORM
REPORT
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Report Date : |
17.01.2011 |
IDENTIFICATION DETAILS
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Name : |
EXCELCO CORP
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Registered Office : |
14fl, |
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Country : |
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Date of Incorporation : |
01.02.1992 |
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Com. Reg. No.: |
86554606 |
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Legal Form : |
Private Company
With Limited Liability |
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Line of Business : |
Importing of Raw materials |
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 50,000 |
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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
EXCELCO CORP
14FL,
SECTION 2
TEL: 886-4-27041797 FAX:
886-4-27041798
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 1, 1992
REGISTRATION NO. :
86554606
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. SHUN-SHENG TANG (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL : NTD
80,000,000
BUSINESS LINE : TRADER
TURNOVER : NTD 455,000,000
(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 29.01901 = 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 : 漢林興業股份有限公司
*CAPITAL (Currency:
NTD - New
=====================================
Authorized Capital:
80,000,000
Paid-up Capital:
80,000,000
Date Authorized Capital - History
------ ---------------------------------
1 Feb, 1992 50,000,000
2001 80,000,000
*REAL ESTATE
OWNERSHIP*
========================
The following
property / ies are owned by EXCELCO CORP:
Property Name :
EXCELCO CORP - TA-AN DIST,
Type of Property :
Office located in a building - Strata title
Address : 14Fl
Universal Business Center
Office Size : 59
Square meters
Estimated Value :
NTD 9,350,000.00
Property Legal
Status : Not mortgaged
*PREVIOUS CONTACT
DETAILS*
===========================
Company Address:
3Fl,
Company Address:
Phone Number:
886-4-22879820
*RANKING*
==========
Type Coverage Ranking Detail
Corporate Ranking Domestic Top 5,000 companies in
2006 and 2007
*REPUTATION*
=============
Reference checking
for the purpose of establishing the EXCELCO CORP's reputation within the
respective industry failed to reveal any adverse information.
www.excelco.com.tw the design is
professional and the content is well organized. At present it is in both Chinese
and English versions.
E-mail: exceltwn@ms17.hinet.net
For the past two
years there is no record of litigation.
*Major Shareholders*
================
Total number of
shareholders: 4
Total number of
shares: 5,857,815
Shareholders Country Number %
Mr. Jerry Chin-hai
Lee
Mr. Shun-sheng
Tang
Mr. Chih-an Lin
Mr. Chih-kuan
Lin
Name Nationality Job Description Dept. / Division
Mr. Rex Huang Taiwanese Manager Sales
& Marketing
Mr. Jerry Chin-hai
Lee Taiwanese General Manager -
Mr. Shun-sheng Tang Taiwanese General
Cashier -
*Company Director*
===============
1
Name : Mr. Rex
Huang
Email : rex-huang@excelco.com.tw
Tel : 886-2-27041797
Ext : 107
2
Name : Mr. Jerry
Chin-hai Lee
Email : jerrylee@excelco.com.tw
3
Name : Mr.
Shun-sheng Tang
Country of Residence
:
4
Name : Mr. Chih-kuan
Lin
Nationality :
Taiwanese
*CORE BUSINESS
DESCRIPTION*
============================
Core Business
--------------------
The primary business
focus of EXCELCO CORP is:
·Importing - Raw materials
An integral part of
the core business includes:
·Financial Management & purchasing
·Warehousing - Local market
*Primary Products*
==============
Activity Products / Materials / Services
Description
---------- ---------------------------------------------------
Importing, Trading Base metals
Importing, Trading Bulk ferro alloys
Importing, Trading Copper cathodes
Importing, Trading Copper concentrates
Importing, Trading Electrolytic copper cathode
*PAYMENT TERMS*
==================
Selling
--------
Type Terms
Local Cash on delivery (COD)
Credit - Unsecured 30~120 days
Purchasing
--------------
Type Terms
Import Letter of Credit (At-sight)
Telegraphic Transfer (T/T) - Executed at time of transaction
Documents against Acceptance (D/A)
*BRANDS &
TRADEMARKS*
========================
Brands &
Trademarks Application Category
-------------------------- -------------------------
DECORPLUS #1 Copper cathodes
#2 Bulk ferro alloys
EXCELCO #1 Ferroalloys
*COMPETITORS*
==============
The following is a
representative list of local competitors:
FORTH INDUSTRIAL INC
NEW CHIEN TE HANG CO
LTD
PRESIDENT CO LTD
WA SHEI STEEL CORP
YIEH MAU CORP
*DOMESTIC SALES
& PURCHASES*
==============================
Annual Sales
Analysis Percentage
--------------------------- --------------
Domestic Sales 100%
International Sales
(Export) 0%
Annual Purchases
Analysis Percentage
--------------------------- --------------
Local Purchases 60%
Imports 40%
*Demographic
Analysis*
==================
Key Area of Sales Percentage
--------------------- -------------
*Sales Channel
Analysis*
==================
Sales Channel Sales Channel Ownership Percentage
----------------- -------------------------------- -------------
Wholesalers Owned
by Subject Business Entity (SBE) n/a
Other Sales Channel n/a 100%
*OVERSEAS SUPPLIERS*
=====================
FREEPORT-MCMORAN
COPPER & GOLD INC
SONACO TRADING AB
TINFOS AS
SC is not known to
have any subsidiary at present.
PAYMENT RATING : 3
OBTAINED SCORES : 63
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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 : FIRST
COMMERCIAL BANK CO LTD
Branch : Chungcheng
Dist,
Branch Address :
SWIFT Code :
FCBKTWTP
Bank Name : MEGA INT'L
COMMERCIAL BANK CO LTD
Branch : Chungcheng
Dist,
Branch Address :
SWIFT Code :
ICBCTWTP
Balance Sheet
Currency : NTD
Denomination : 1
Financial Year Ending
: December
Financial Highlights
As of 2007 As of 2008 As of 2009
------------------------- -------------- -------------- --------------
Total Assets(*) 56,000,000 86,000,000 82,000,000
Turnover(*) 745,000,000 1,170,000,000 455,000,000
Profit After Tax
attributable 18,000,000 52,000,000 21,000,000
to
Shareholders(*)
*Financial Summary
(Currency:
==============================
Year Sales Assets Net
Income
2006 $10,761,790 $952,237 $244,861
2007 $22,480,386 $1,689,801 $543,150
2008 $36,335,404 $2,670,807 $1,614,907
2009 (*) $14,143,612 $2,548,959 $652,782
Note: (*)
Financials listed
are the most recent available for this company.
*Int´l Trade
Activity (Currency:
===============================
Year Imports Exports
Total
1996 $5,700,000.00 $0.00 $5,700,000.00
1997 $8,000,000.00 $0.00 $8,000,000.00
1998 $5,600,000.00 $1,000,000.00 $6,600,000.00
2004 $17,241,044.00 $4,115,311.01 $21,356,355.01
2005 $11,395,761.01 $4,310,675.99 $15,706,437.00
2006 $9,000,000.00 $500,000.00 $9,500,000.00
2008 $32,815,586
n/a $32,815,586
2009 $12,300,000
n/a $12,300,000
SC is considered
small-sized in its line with a development history of 19 years. The above
credit amount appears to be beyond SC’s capacities, while a credit line up to
USD 50,000 is recommended.
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3499 Fabricated metal products,
Trading, Importing 1061 Ferroalloy
ores, except vanadium
Trading, Importing 1031 Lead
and zinc ores
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8007 Articles of tin
Trading 7907 Articles of zinc
Trading 8100 Base metals; cermets; articles
etc.
Importing, Trading 7202 Ferroalloys
Importing 7202110000 Ferromanganese with over 2 percent carbon
Importing 7202300000 Ferrosilicon manganese
Trading 7202210000 Ferrosilicon with over 55 percent silicon
Importing, Trading 7224100005 Ingots and other primary forms of high-nickel alloy steel
Importing, Trading 7800 Lead
& articles thereof
Trading 2607 Lead ores and concentrates
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Ranking
Products / Materials / Services
Description
Importing, Trading Primary
Ferro boron
Importing, Trading Primary
Ferro chrome
Importing, Trading Primary
Ferro manganese
Importing, Trading Primary
Ferro silicon
Importing, Trading Primary Ferroalloys
Importing, Trading Primary
Lead concentrate
Importing, Trading Primary
Lead ingots
Importing, Trading Primary
Magnesium ingots
Importing, Trading Primary Tin ingot
Importing, Trading Primary
Unwrought magnesium
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.45.30 |
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|
1 |
Rs.71.73 |
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Euro |
1 |
Rs.60.40 |
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.