MIRA INFORM
REPORT
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Report Date : |
03.03.2011 |
IDENTIFICATION DETAILS
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Name : |
SUN TING TRADING CO LTD |
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Registered Office : |
1fl, 14, Alley 31, Lane 570, |
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Country : |
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Date of Incorporation : |
20.09.2001 |
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Com. Reg. No.: |
12901737 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
General trading of Birdseeds, Canary seeds, Flax seeds,
Grains, Pigeon feeds |
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 30,000 |
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Status : |
Moderate |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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 |
Name and address
SUN
TING TRADING CO LTD
1FL, 14, ALLEY 31, LANE 570,
SECTION 2
TEL: 886-6-2295658 FAX: 886-6-2295703
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 20, 2001
REGISTRATION NO. : 12901737
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. CHIEN-YUAN WANG (CHAIRMAN)
STAFF STRENGTH :
2
AUTHORIZED CAPITAL : NTD 5,000,000
BUSINESS LINE :
IMPORTER
TURNOVER :
NTD 99,300,000 (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 29.62856 = 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 : 上鼎貿易有限公司
*CAPITAL (Currency: NTD - New
======================================
Authorized Capital: 5,000,000
*OFFICE & FACILITIES*
====================
Name : SUN TING TRADING CO LTD - ANNAN DIST,
Building Size : 183 Square meters
Employees : 2
Type of Location : Commercial
Address : 1Fl, 14, Alley 31, Lane 570,
Country :
Ownership of Property : Rented / Leased
Status : Operational
*PREVIOUS CONTACT DETAILS*
===========================
Company Address: 7Fl-3, 389 Min Sheng Rd Section 2, West Dist,
*REPUTATION*
=============
Reference checking for the purpose of establishing the SUN TING TRADING
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: sunting393@yahoo.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
================
Shareholders Country Number Amount (NTD)
Mr. Chien-yuan Wang
Name Nationality
Job Description Dept. / Division
Mr. Chien-yuan Wang Taiwanese
General Manager Sales & Marketing
*Company Director*
================
Name : Mr. Chien-yuan Wang
Sex : M
Country of Residence :
Work experience : More than 10 years
Responsibilities : Handles the daily operation of the firm including all
financials and legal matters.
*CORE BUSINESS DESCRIPTION*
===========================
Core Business
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The primary business focus of SUN TING TRADING 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, SUN TING TRADING 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
Importing, Trading Birdseeds
Importing, Trading Canary
seeds
Importing, Trading Flax
seeds
Importing, Trading Grains
Importing, Trading Pigeon
feeds
*PAYMENT TERMS*
=================
Selling
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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)
Credit - Secured with Post-dated checks
30~60 days
Import Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Executed at
time of transaction
Documents against Acceptance (D/A)
Open Account - Settlement by Telegraphic
Transfer (T/T) - 90 days
*COMPETITORS*
==============
The following is a representative list of local competitors:
CHANG CHUNG CEREAL CO LTD
CONCOURSE INT'L INC
HONEON ENTERPRISE CO LTD
JAEGER TAIWAN CEREAL CO LTD
KHS SYNCHEMICA CORP
NIENG NOONG TRADING CO LTD
S JAEGER & SON LTD
*DOMESTIC SUPPLIERS*
=====================
AGRICOM SALES CORP
*DOMESTIC SALES & PURCHASES*
==============================
Annual Sales Analysis Percentage
--------------------------- -------------
Domestic Sales 100%
Annual Purchases Analysis Percentage
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Local Purchases 20%
Imports 80%
*Sales Channel Analysis*
===================
Sales Channel Sales
Channel Ownership Percentage
Direct sales to manufacturers Owned
by Subject Business Entity (SBE) 100%
- OEM / replacement supply
*Customer Type Analysis*
====================
Customer Type Percentage
Food factories n/a
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 53
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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*
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Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,
Branch Address :
SWIFT Code : CCBCTWTP
Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Chungcheng Dist,
Branch Address : Chungcheng Dist,
SWIFT Code : HNBKTWTP
Bank Name : KING'S TOWN BANK
Branch : Central Dist,
Branch Address : Annan Dist,
SWIFT Code : TNBBTWTN
Bank Name : TAIWAN COOPERATIVE BANK
Branch : Chungcheng Dist,
Branch Address : Chungcheng Dist,
SWIFT Code : TACBTWTP
Balance Sheet
Currency : NTD
Denomination : 1
Financial Year Ending : December
Financial Highlights As
of 2009
------------------------ ----------------
Current Assets(*) 4,400,000
Turnover(*) 99,300,000
Profit After Tax attributable to Shareholders(*) 4,400,000
*Financial Summary (Currency:
==============================
Year Sales Net Income
2008 $3,012,422 $124,224
2009 (*) $3,086,727 $136,773
Note: (*)
Financials listed are the most recent available for this company.
*Int´l Trade Activity (Currency:
==============================
Year Imports Exports Total
2003 $500,000.00 n/a $500,000.00
2004 $1,000,000.00 n/a $1,000,000.00
2005 $800,000.00 n/a $800,000.00
2006 $950,000.00 n/a $950,000.00
2007 $1,350,000.00 n/a $1,350,000.00
2008 $1,670,000.00 n/a $1,670,000.00
2009 $1,800,000 n/a $1,800,000
SC is considered small-sized in its line with a development history of
10 years. The above credit amount appears to be beyond SC’s capacities, while a
credit line up to USD 30,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Importing, Trading 0115 Corn
Importing, Trading 2034 Food products, dried and dehydrated
Importing, Trading 5153 Grain & Field Beans
Importing, Trading 2048 Prepared feeds,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Importing, Trading 0710220000
Beans (vigna spp., phaseolus spp.),
uncooked or cooked by steaming or boiling in water, frozen
Importing, Trading 0710224090
Beans (vigna spp., phaseolus spp.),
reduced in size, uncooked or cooked by steaming or boiling in water, frozen
Importing, Trading 0713312000
Beans of the species vigna mungo
(l.) hepper or vigna radiata (l.) wilczek, except seed, entered for consumption
may 1 to august 31, dried, shelled
Importing, Trading 1005902000
Corn (maize) yellow dent, except
seed
Importing, Trading 2106 Food preparations
Importing, Trading 1007000020
Grain sorghum seeds of a kind used
for sowing
Importing, Trading 2309901040
Livestock feed, prepared
Importing, Trading 0713101000
Peas (pisum sativum), seeds of a
kind used for sowing, dried, shelled
Importing, Trading 2309909000
Preparations of a kind used in
animal feeding
Importing, Trading 2309 Preparations used in animal
feeding
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Ranking Products / Materials / Services
Description
Importing, Trading Secondary Animal
feeds
Importing, Trading Secondary Beans
Importing, Trading Secondary Corn
Importing, Trading Secondary
Corn beans
Importing, Trading Secondary Grain,
seed
Importing, Trading Secondary
Green beans
Importing, Trading Secondary Peas
Importing, Trading Secondary
Red beans
Importing, Trading Secondary Safflower
seeds
Importing, Trading Secondary
Soyabean
Importing, Trading Secondary Wheat
seed
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.45.12 |
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1 |
Rs.73.43 |
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Euro |
1 |
Rs.62.32 |
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.