MIRA INFORM
REPORT
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Report Date : |
25.01.2011 |
IDENTIFICATION DETAILS
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Name : |
PROTECTOR SPRINKLER IND CO LTD |
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Registered Office : |
3, Alley 16, Lane 228, |
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Country : |
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Date of Incorporation : |
10.11.1997 |
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Com. Reg. No.: |
16176481 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Import of fire fighting accessories and raw materials |
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 50,000 |
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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
PROTECTOR
SPRINKLER IND CO LTD
3, ALLEY 16, LANE 228,
LUCHU HSIANG TAOYUAN HSIEN 338,
TEL: 886-3-3129308 FAX: 886-3-3217956
EXECUTIVE SUMMARY
INCORPORATION DATE : NOVEMBER 10, 1997
REGISTRATION NO. : 16176481
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MRS. HSIU-YING CHIEN (CHAIRMAN)
STAFF STRENGTH :
30
AUTHORIZED CAPITAL : NTD 37,130,000
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2009)
EQUITIES :
N/A (AS OF DEC. 31, 2009)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 29.01874 = 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 –Taiwan New
Dollars
Note: We were unable to find any reference of the supplied address on any
local. The above address as reflected on our report was confirmed to be its
current registered/operating address.
*Company Registration*
===================
License number : 16176481
Date issued : 10 November, 1997
Issuing authority : Ministry of Economic Affairs
Type of license : A company owned by shareholders,
incorporated with limited liability and confirmed with the respective
Government authorities to legally exist.
*CAPITAL (Currency: NTD)
======================
Authorized Capital : 37,130,000
*Office & Facilities*
================
Size :
1,300 sq. ft. (Approx.)
Location : Taoyuan
Hsien
Property status : Rented
Type of building : Industrial
*Factories, Size & Locations*
=======================
Type of building : Manufacturer
Building size : 9,000 sq.
ft. (Approx.)
Location : Taoyuan
Hsien
*Corporate & Organization Structure*
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A medium sized company, operated and managed by an experienced team of
professionals.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
SC is not known to host website of its own at present.
E-mail: cfc88@ms29.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 4
Total number of shares: 1,000,000
Shareholders Country Number Amount %
Mr. Hsiu-ying Chien
Mr. Mu-hsiung Lin
Mr. Long-wen Chen
Mr. Su-mei Chang
(*) :
Whenever a shareholding is less than one percent (1%) of total shares,
the statistical software controlling the above table, will automatically
round-off of the percentage of shareholding, and hence there is no percentage
allocated for this Shareholder.
*Key Personnel*
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Mrs. Hsiu-ying Chien
Founder :
Co-founder
Born : 20 December, 1959
Age : 45
years
ID :
C220205533
Work experience : More than 10 years
Responsibilities : Daily
operation of the firm including all financial, sales and legal matters
Resident status :
Management: Mr. Shui-yuan Liu,
Manager
Mr. Hao-yu Chiang, Manager
Name Nationality
Job Description Dept. / Division
Mr. Shui-yuan Liu Taiwanese
Manager Factory
Mr. Hao-yu Chiang Taiwanese
Manager -
*COMPANY DIRECTORS*
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1
Name : Mr. Shui-yuan Liu
Sex : M
2
Name : Mr. Hao-yu Chiang
Sex : M
AKA : Howard Chiang
Tel : [+886] 3-3129308
Ext : 14
*Main Products & Services*
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Specializing in two (2) main areas of work :
1. Import of fire fighting accessories and raw materials.
2. Production of finished products incorporating some of the raw
materials imported.
Products: Compressed gas containers
Emergency lift
Fire extinguisher
parts
Fire fighting
accessories
Fire fighting
equipment
*Payment Terms*
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Sales
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Local : 30-60 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
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Local : 30-60 days credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Competitors*
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The following locally based companies supply similar range of products:
- VAN PROTECTEUR CO LTD
- JEN-LUNG INDUSTRIAL CO LTD
- THREE H TAIWAN INDUSTRIES CORP
- FAR-EAST INDUSTRIAL CO LTD
- PRINCIPAL ENGINEERING CO LTD
- KANG HWA SAFETY SUPPLY CO
- IMAGE SAFETY & ECOLOGY CO
*Local Distribution Network*
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80% of the annual turnover is attributed to local sales.
*Export Markets*
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20% of the annual turnover is attributed to export.
*LOCAL BRANCHES & MANAGEMENT*
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Branch : PROTECTOR SPRINKLER IND CO LTD -
Branch Address : 1Fl, 3, Alley 37, Lane 175, Ho Ping East Rd Section 2
Ta-an Dist,
Branch Tel : [+886] 2-27888593
Branch Fax : [+886] 2-27888349
Branch Employees : 7
PAYMENT RATING : 3 OBTAINED SCORES : 57
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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.
As a private limited company with a paid-up capital of less than US$ 6
million, there is no legal requirement according to
*BANK DETAILS*
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Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : FIRST COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : FCBKTWTP
SC is considered medium-sized in its line with a development history of
more than 13 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
Manufacturing 3491 Industrial
Valves
Manufacturing 3494 Valves
and pipe fittings,
Manufacturing 9224 Fire
Protection
Trading 9224 Fire
Protection
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8424900500 Parts
of fire extinguishers
Importing 7311000000 Containers
for compressed or liquefied gas of iron or steel
Importing 8531900000 Parts
of electric sound or visual signaling apparatus
Manufacturing 8424100000 Fire
extinguishers, whether or not charged
Manufacturing 8424890010 Sprinkler
systems (fire extinguishing equipment)
Manufacturing 8481809050 Other
taps, cocks, valves, etc.
Trading 8424100000 Fire
extinguishers, whether or not charged
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Fire fighting
equipment
Manufacturer Valves
Manufacturer Fire hydrant
valves
Manufacturer Emergency
lift
Trader Fire fighting
equipment
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region
Pacific Exporting
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.58 |
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1 |
Rs.72.79 |
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Euro |
1 |
Rs.62.01 |
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.