MIRA INFORM
REPORT
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Report Date : |
22.06.2011 |
IDENTIFICATION DETAILS
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Name : |
ELANC CHEMICAL CO LTD |
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Registered Office : |
2FL, 10, Alley 1, Lane 78, Chang An |
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Country : |
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Date of Incorporation : |
17.04.1974 |
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Com. Reg. No.: |
04449121 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Trading of Antibiotics, Chemical material, Chemicals, Medicine raw
materials Etc. |
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 25,000 |
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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 – March 31st, 2011
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Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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Taiwan |
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
ELANC
CHEMICAL CO LTD
2FL, 10, ALLEY 1, LANE 78, CHANG AN
TATUNG DIST,
TEL: 886-2-25553829
FAX: 886-2-25592426
EXECUTIVE SUMMARY
INCORPORATION DATE :
APR. 17, 1974
REGISTRATION NO. :
04449121
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. YU-TUNG TU (CHAIRMAN)
STAFF STRENGTH :
6
AUTHORIZED CAPITAL : NTD 6,000,000
BUSINESS LINE :
IMPORTER
TURNOVER :
NTD 53,000,000 (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 29.19492 = US$1 AS OF
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 :
*Previous Name*
=============
Business Entity Name Effective
Date
HIMIN TRADER'S AGENCIES 17
Apr., 1974
ELANC CHEMICAL CO LTD n/a
*CAPITAL (Currency: NTD - New
======================================
Authorized Capital: 6,000,000
*PREVIOUS CONTACT DETAILS*
===========================
Company Address : 2Fl, 10-1, Alley 1, Lane 78, Chang An
*OFFICE & FACILITIES*
====================
Name : ELANC CHEMICAL CO LTD - TATUNG DIST,
Building Size : 102 Square meters
Employees : 6
Type of Location : Semi-Residential
Address : 2Fl, 10, Alley 1, Lane 78, Chang An
Country :
Ownership of Property : Rented / Leased
Status : Operational
*REPUTATION*
=============
Reference checking for the purpose of establishing the ELANC CHEMICAL 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: elancliu@ms27.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 Number
Amount (NTD)
Mr. Yu-tung Tu
Name Nationality
Job Description Dept. / Division
Mr. Scott Han-chi Liu Taiwanese
Representative Sales
Mr. Yu-tung Tu Taiwanese
General Manager -
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Yu-tung Tu
Nationality : Taiwanese
2
Name : Mr. Scott Han-chi Liu
AKA : Scott Liu
Country of Residence :
*Core Business Description*
====================
Core Business
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The primary business focus of ELANC CHEMICAL CO LTD is:
·Importing - Materials
An integral part of the core business includes:
·Distribution
Supplementary Business
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In addition to the core business, ELANC CHEMICAL CO LTD also is engaged
in the following areas of business:
Trading
·General trading
*Primary Products*
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Activity Products /
Materials / Services Description
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Importing, Trading Antibiotics
Importing, Trading Chemical
material
Importing, Trading Chemicals
Importing, Trading Disinfectants
Importing, Trading Medicine
raw materials
*PAYMENT TERMS*
=================
Selling
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Type Terms
Local Cash on delivery
(COD)
Credit - Secured with Post-dated checks
30~60 days
Purchasing
--------------
Type Terms
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:
ASTAR CHEMICAL & PHAR CO LTD
HERMOSA TRADING CO LTD
MERCK LTD
PHARMANEER LTD
SERVIER (S) PTE LTD
SUNSTAR CHEM & PHARM CORP
*ASSOCIATIONS*
===============
IMPORTERS & EXPORTERS ASSOCIATION OF
*Domestic Sales & Purchases*
=======================
Annual Sales Analysis Percentage
--------------------------- -------------
Domestic Sales 100%
International Sales (Export) 0%
Annual Purchases Analysis Percentage
--------------------------- -------------
Local Purchases 0%
Imports 100%
*Sales Channel Analysis*
==================
Sales Channel Sales
Channel Ownership Percentage
----------------- ------------------------------- ---------------
Wholesalers Owned by Subject
Business Entity (SBE) n/a
Direct sales to manufacturers Owned
by Subject Business Entity (SBE) n/a
- OEM / replacement supply
Other Sales Channel n/a
100%
*Customer Type Analysis*
====================
Customer Type Percentage
Pharceutical factories n/a
Chemical factories n/a
*OVERSEAS SUPPLIERS*
=====================
DONG BANG FUTURE TECHNIQUE & LIFE CO LTD
HEUMANN PHARMA GMBH
ICROM INDUSTRIA CHIMICA SPA
INDUSTRIALE CHIMICA SRL
P F C ITALIANA SRL
QUIMICA SINTETICA SA
*(Subsidiaries, Joint-ventures & Affiliates)
===============================
Business Entity Name : BIGEAST CHEMICAL CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Importer
Industry : Medical Equipment & Pharmaceutical
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.
*BANK DETAILS*
===============
Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name :
Branch : Hsin-i Dist,
Branch Address : 7 Sung
SWIFT Code : UWCBTWTP
*FINANCIAL STATEMENT – DETAILED*
=================================
Currency : NTD
Denomination : 1
Financial Year Ending : December
Financial Highlights As
of 2009
------------------------ ----------------
Total Assets(*) 18,000,000
Turnover(*) 53,000,000
Profit After Tax attributable to Shareholders(*) 9,200,000
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
2003 $929,683 $478,547 $157,151
2009 (*) $1,647,498 $559,528
$285,981
Note: (*)
Financials listed are the most recent available for this company.
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2000 $39,999,999.91 $0.00 $39,999,999.91
2001 $42,500,000.10 $0.00 $42,500,000.10
2002 $24,499,999.93 $0.00 $24,499,999.93
2003 $23,120,000.12 $0.00 $23,120,000.12
2006 $27,787,200.00 n/a
$27,787,200.00
2007 $920,000 n/a $920,000
2008 $970,000 n/a $970,000
2009 $1,180,000 n/a $1,180,000
SC is considered small-sized in its line with a long development
history. Taking into consideration of SC’s general performance, a credit line
up to USD 25,000 appears to be within SC’s capacities.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Importing, Trading 2899 Chemical preparations,
Importing, Trading 5169 Chemicals/Allied Prdts, NEC
Importing, Trading 5122 Drugs/Druggists' Sundries
Importing, Trading 2833 Medicinals and botanicals
Importing, Trading 2834 Pharmaceutical preparations
Importing, Trading 2835 Prepared diagnostic substances
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Importing, Trading 2935000500
4-amino-6-chloro-m-benzenedisulfonamide
Importing, Trading 3823909050
Chemical products and preparations
of the chemical or allied industries
Importing, Trading 3003 Medicaments of mixtures, not
dosage etc form
Importing, Trading 3004 Medicaments, mixed or not, in
dosage etc form
Importing, Trading 3800 Miscellaneous chemical products
Importing, Trading 2923900000
Other quaternary ammonium salts and
hydroxides
Importing, Trading 3006 Pharmaceutical goods (specified
sterile prod etc.)
Importing, Trading 3000 Pharmaceutical products
Importing, Trading 2939900000
Vegetable alkaloids, natural or
reproduced by synthesis, their salts and other derivatives
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Ranking
Products / Materials / Services
Description
Importing, Trading Primary
Pharmaceutical chemicals
Importing, Trading Primary
Pharmaceutical raw
materials
Importing, Trading Primary Quaternary
ammonium salts
Importing, Trading Primary
Sulfa drugs
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.44.91 |
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1 |
Rs.72.90 |
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Euro |
1 |
Rs.64.48 |
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.