MIRA INFORM REPORT
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Report Date : |
09.03.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
NAN KAI CORP |
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Registered Office : |
4fl, |
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Country : |
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Date of Incorporation : |
29.12.1972 |
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Com. Reg. No.: |
11880755 |
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Legal Form : |
Private Company
With Limited Liability |
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Line of Business : |
Import agency of Finished products |
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 250,000 |
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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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
NAN KAI CORP
4FL,
NEIHU DIST,
TEL: 886-2-27961216 FAX: 886-2-27920025
EXECUTIVE SUMMARY
INCORPORATION DATE : DEC. 29, 1972
REGISTRATION NO. : 11880755
LEGAL FORM : PRIVATE COMPANY
WITH LIMITED LIABILITY
CHIEF EXECUTIVE : MR. JOU-PAI YANG
(CHAIRMAN)
STAFF STRENGTH : 64
PAID-UP CAPITAL : NTD 162,900,000
BUSINESS LINE : IMPORTER
TURNOVER : NTD 337,000,000
(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 29.34125 = 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 : 湳開股份有限公司
*OTHER
LICENSES*
=================
Issuing Authority :
Industrial Development Bureau - Ministry of Economic Affairs
License Name :
Factory license - Sanchung
License Number :
63020185
Date of Issuance :
15 Jan, 1993
*CAPITAL (Currency:
NTD - New
======================================
Authorized Capital:
162,900,000
Paid-up Capital:
162,900,000
*REAL ESTATE
OWNERSHIP*
========================
The following
property / ies are owned by NAN KAI CORP:
Property Name : NAN
KAI CORP - NEIHU DIST,
Type of Property :
Office & Warehouse compound
Address : 4Fl,
Office Size : 409
Square meters
Estimated Value :
NTD 55,000,000.00
*REPUTATION*
==============
Reference checking
for the purpose of establishing the NAN KAI CORP's reputation within the
respective industry failed to reveal any adverse information.
www.nankai.com.tw The design is professional and the content is
well organized. At present it is in Chinese version.
E-mail: service@nankai.com.tw
For the past two
years there is no record of litigation.
*Major Shareholders*
================
Total number of
shareholders: 3
Total number of
shares: 13,957
Shareholders Country Number %
HUNG CHONG CORP
Mr. Jou-pai
Yang
Mr. Kuo-tai
Wang
Name Nationality Job Description Dept. / Division
Ms. Ming-feng Chen Taiwanese Manager Human Resources
Mr. Jou-pai Yang Taiwanese President -
*COMPANY
DIRECTORS*
=====================
1
Name : Mr. Jou-pai
Yang
Nationality :
Taiwanese
2
Name : Mr. Kuo-tai
Wang
Nationality :
Taiwanese
3
Name : Ms. Shu-fen
Su
Nationality :
Taiwanese
4
Name : Ms. Ming-feng
Chen
*CORE BUSINESS
DESCRIPTION*
============================
Core Business
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The primary business
focus of NAN KAI CORP is:
·Import agency - Finished products
An integral part of
the core business includes:
·After sales services & maintenance
·Distribution
*Primary Products*
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Activity Products / Materials / Services Description
Importing Artificial flowers
Importing Computer aided modeling device
Importing Dental products
Importing Digital imaging
Importing Digital imaging products
*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
Purchasing
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Type Terms
Import Letter of Credit (At-sight)
Telegraphic Transfer (T/T) - Executed at time of transaction
Documents against Acceptance (D/A)
*COMPETITORS*
==============
The following is a
representative list of local competitors:
CHIU HO INSTRUMENTS
& REAGENTS CO LTD
CHUNG CHENG MEDICAL
EQUIPMENT LTD
FU TER HONG TRADING
CO LTD
GOLDEN ORIENT LTD
UNISON CO LTD
*DOMESTIC SALES
& PURCHASES*
=============================
Annual Sales
Analysis Percentage
-------------------------- --------------
Domestic Sales 100%
Annual Purchases
Analysis Percentage
-------------------------- --------------
Imports 100%
*Sales Channel
Analysis*
==================
Sales Channel Sales Channel Ownership Percentage
----------------- ------------------------------- -------------
General trading Owned
by Subject Business Entity (SBE) n/a
Retail outlets Owned
by Subject Business Entity (SBE) n/a
Other Sales Channel n/a 100%
*Customer Type
Analysis*
===================
Customer Type Percentage
------------------ ------------
Hospital n/a
Designer n/a
*LOCAL BRANCHES
& MANAGEMENT*
=================================
Branch : NAN KAI
CORP - KUSHAN DIST,
Branch Address :
7Fl,
Branch Tel :
886-7-5530091
Branch Fax :
886-7-5538970
Branch Employees : 3
Branch : NAN KAI
CORP - NEIHU DIST,
Branch Address :
Showroom B1&
Branch Tel :
886-2-27961216
Branch Fax :
886-2-27920025
Branch Email : deno@nankai.com.tw
Branch Employees : 2
Branch : NAN KAI
CORP - HSITUN DIST,
Branch Address :
8Fl,
Branch Tel :
886-4-23158696
Branch Fax :
886-4-23158221
Branch Employees : 3
Branch : NAN KAI
CORP - NEIHU DIST,
Branch Address : New
World Design Center 15, Lane 128, Hsin Hu 1st Rd, Neihu Dist, Taipei City 114
Branch Employees : 2
*IMPORT AGENCY
LISTING*
========================
Supplier : DANAHER
CORP
Country of Origin :
Product Description
: Digital imaging products
Brand : Gendex
Year : 2001
Supplier : FUJIFILM
CORP
Country of Origin :
Product Description
: Radiography
Brand : Fujifilm
Year : 1978
Supplier : ICAD INC
Country of Origin :
Product Description
: Computer aided modeling device
Brand : iCAD
Year : 1999
Supplier : PLANMED
OY
Country of Origin :
Product Description
: X-ray machines
Brand : Planmed
Year : 2000
PAYMENT RATING : 3 OBTAINED SCORES : 71
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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 : HUA NAN
COMMERCIAL BANK LTD
Branch : Chungcheng
Dist,
Branch Address :
SWIFT Code :
HNBKTWTP
Bank Name : MEGA
INT'L COMMERCIAL BANK CO LTD
Branch : Chungcheng
Dist,
Branch Address :
SWIFT Code :
ICBCTWTP
*FINANCIAL STATEMENT
– DETAILED*
================================
Currency : NTD
Denomination : 1
Financial Year
Ending : December
Financial Highlights
As
of 2009
------------------------ ---------------
Total Assets(*) 155,000,000
Turnover(*) 337,000,000
Profit After Tax
attributable to Shareholders(*) 127,393,200
*Financial Summary
(Currency:
==============================
Year Sales Assets Net
Income
2009(*) $10,475,598 $4,818,154 $3,960,000
Note: (*)
Financials listed
are the most recent available for this company.
*Int´l Trade
Activity (Currency:
===============================
Year Imports Exports
Total
2007 $4,680,000
n/a $4,680,000
2008 $4,310,000
n/a $4,310,000
2009 $3,960,000
n/a $3,960,000
SC is considered
medium-sized in its line with a development history of 39 years. The above
credit amount appears to be within SC’s capacities.
SIC PRODUCT
CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3269 Ceramic
articles,
Importing 3843 Dental
equipment, supplies, and parts,
Importing 3641 Electric
lamps
Importing 1011 Iron
ores
Importing 3648 Lighting
equipment, (including commercial)
Importing 5047 Medical/Dental
Equip/Supplies
Importing 3861 Photographic
equipment and supplies
Importing 3844 X-ray
apparatus and tubes, and parts,
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 9022140000 Apparatus based on the use of x-rays for medical, surgical,
dental or veterinary
uses, including radiography or radiotherapy
apparatus
Importing 6914 Ceramic
articles
Importing 6914900000 Ceramic articles
Importing 6912002000 Ceramic tableware and kitchenware for hotel or restaurant, not
porcelain or
china, not household ware
Importing 6912
Ceramic tableware, kitchenware
etc, earthenware etc
Importing 9402100000 Dentists', barbers or similar chairs and parts thereof
Importing 9405404000 Electric lamps and lighting fittings of brass
Importing 9400 Furniture;
bedding, cushions; lamps & lighting fittings; illuminated signs,
nameplates & the like, prefabricated
buildings
Importing 2601 Iron
ores & concentrates, including roast pyrites
Importing 9018 Medical,
surgical, dental or vet inst, no elec, part
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Ranking
Products / Materials / Services
Description
Importing Primary Furniture
Importing Primary Home
textiles
Importing Primary Radiography
Importing Primary Woven
goods
Importing Secondary Adornments
Importing Secondary Bones
Importing Secondary Ceramics
Importing Secondary Chairs
Importing Secondary Dental
x-ray
Importing Secondary Gardening
Importing Secondary Iron
ore products
Importing Secondary Jade
jewelry
Importing Secondary Lamp
Importing Secondary Panoramic
x-ray units
Importing Secondary Photographic
films
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.45.03 |
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1 |
Rs.72.98 |
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Euro |
1 |
Rs.62.94 |
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.