MIRA INFORM REPORT
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Report Date : |
12.03.2011 |
IDENTIFICATION DETAILS
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Name : |
LIANKUANN ENTERPRISES CO LTD |
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Registered Office : |
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Country : |
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Date of Incorporation : |
20.05.1983 |
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Com. Reg. No.: |
85961350 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Manufacturing 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 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 – 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 |
Company name & address
LIANKUANN
ENTERPRISES CO LTD
TEL: 886-7-6514779 FAX: 886-7-6519565
EXECUTIVE SUMMARY
INCORPORATION DATE : MAY 20, 1983
REGISTRATION NO. : 85961350
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE : MR. JUNG-YU LEE (CHAIRMAN)
STAFF STRENGTH : 23
PAID-UP CAPITAL :
NTD 29,800,000
BUSINESS LINE :
MANUFACTURER
TURNOVER :
NTD 113,000,000 (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 29.60500 = 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 : 連冠企業股份有限公司
Registered Legal Address:
*OTHER LICENSES*
=================
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory I license
License Number : 99704974
Date of Issuance : 21 Apr, 2006
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory II license
License Number : 99704975
Date of Issuance : 21 Apr, 2006
*CAPITAL (Currency: NTD - New
=====================================
Authorized Capital: 29,800,000
Paid-up Capital: 29,800,000
*OFFICE & FACILITIES*
===================
Name : LIANKUANN ENTERPRISES CO LTD - TASHU HSIANG,
Building Size : 182 Square meters
Employees : 8
Address :
Country :
Ownership of Property : Owned by Shareholder
Owner Name : Jung-yu Lee
Status : Operational
*PREVIOUS CONTACT DETAILS*
===========================
Company Address :
Phone Number : 886-7-7904592
Fax Number : 886-7-7904592
*REAL ESTATE OWNERSHIP*
========================
The following property / ies are owned by LIANKUANN ENTERPRISES CO LTD:
Property Name : LIANKUANN ENTERPRISES CO LTD -
Type of Property : Factory
Address : 92-18 &
Building Size : 358 Square meters
Estimated Value : NTD 10,650,000.00
Property Legal Status : Mortgaged
*REPUTATION*
=============
Reference checking for the purpose of establishing the LIANKUANN ENTERPRISES
CO LTD's reputation within the respective industry failed to reveal any adverse
information.
www.condenser.com.tw The design is professional and the content is
well organized. At present it is in English version.
E-mail: liankuan@ms8.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 5
Total number of shares: 29,580
Shareholders Country Number %
Mr. Jung-yu Lee
Mr. Huo-lien Tsai
Mr. Chin-pai Hsu
Mr. Chien-teh Wu
Mr. Ta-chun Chou
Name Nationality
Job Description Dept. / Division
Mr. Ming-hsien Lee Taiwanese
Executive Sales
*Company Director*
===============
1
Name : Mr. Chien-teh Wu
Nationality : Taiwanese
2
Name : Mr. Huo-lien Tsai
Nationality : Taiwanese
Date of Appointment : 30 Sep, 2005
3
Name : Mr. Jung-yu Lee
Nationality : Taiwanese
4
Name : Mr. Ta-chun Chou
Nationality : Taiwanese
5
Name : Mr. Ming-hsien Lee
Email : export@liankuann.com.tw
*Core Business Description*
====================
Core Business
--------------------
The primary business focus of LIANKUANN ENTERPRISES CO LTD is:
·Manufacturing - Finished products
An integral part of the core business includes:
·Distribution
Supplementary Business
------------------------------
In addition to the core business, LIANKUANN ENTERPRISES CO LTD also is
engaged in the following areas of business:
Exporting
·Exporting - Finished products
Importing
·Importing - Materials
*Primary Products*
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Activity Products
/ Materials / Services Description
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Manufacturing, Trading Automobile
radiators
Manufacturing, Trading Condensers
Manufacturing, Trading Fin
machine
Manufacturing, Trading Furnace
Manufacturing, Trading Header plate
*PAYMENT TERMS*
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Selling
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Type Terms
Local Cash on delivery
(COD)
Credit - Secured with Post-dated checks
30~60 days
Export Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Received at
time of transaction
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
*BRANDS & TRADEMARKS*
=======================
Brands & Trademarks Application
Category
LK #1 Radiator
*TRADE SHOWS*
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Exhibition Acronym
Country Participating Year
Auto/Motorcycle Parts & Accessories Show
Inter Airport
Exhibition for Airport Equipment,
Technology & Services
Airport
Equipment Airline Services Expo
VITALITY n
/ a Taiwan 2005
Parts & Accessories Show
Parts & Accessories Show
Auto/Motorcycle Parts & Accessories Show
*QUALITY ACCREDITATION*
=========================
INTERNATIONAL STANDARDS ORGANIZATION (ISO) 20000
INTERNATIONAL STANDARDS ORGANIZATION (ISO) 9001:2008
INTERNATIONAL STANDARDS ORGANIZATION (ISO) 9001
*COMPETITORS*
==============
The following is a representative list of local competitors:
CRYOMAX COOLING SYSTEM CORP
EU-GAIN INDUSTRIES LTD
LIAN LI INDUSTRIAL CO LTD
MAN ZAI INDUSTRIAL CO LTD
SUN HAU INDUSTRIAL CO LTD
TAI WEI ELECTRIC HEATERS CO LTD
*DOMESTIC SALES & PURCHASES*
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Annual Sales Analysis Percentage
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Domestic Sales 60%
International Sales (Export) 40%
Annual Purchases Analysis Percentage
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Local Purchases 90%
Imports 10%
SC
is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES : 65
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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 : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,
Branch Address :
SWIFT Code : CCBCTWTP
*FINANCIAL STATEMENT – DETAILED*
=================================
Balance Sheet
Currency : NTD
Denomination : 1
Financial Year Ending : December
Financial Highlights As
of 2009
------------------------- --------------
Total Assets(*) 27,500,000
Turnover(*) 113,000,000
Profit After Tax attributable to Shareholders(*) 4,500,000
*Financial Ratio*
=============
Financial Highlights As
of 2009
------------------------- --------------
Profitability
Profit Margin (%) 3.98
Return on Assets (%) 16.36
Asset Management
Total Assets Turnover (Times) 4.11
*Financials - Summary (Currency: USD - US Dollar)
=======================================
Year Sales Assets Net Income
2009(*) $3,512,589 $854,834
$139,882
Note: (*)
Financials listed are the most recent available for this company.
*Int´l Trade Activity (Currency: USD - US Dollar)
====================================
Year Imports Exports Total
2007 $1,480,000 $650,000 $2,130,000
2008 $1,050,000 $460,000 $1,510,000
2009 $1,600,000 $700,000 $2,300,000
SC is considered small-sized in its line with a development history of 28
years. Taking into consideration of SC’s general performance, a credit line up
to USD 50,000 appears to be within SC’s capacities.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing, Trading 3714 Motor vehicle parts and accessories,
Manufacturing, Trading 5013 Vehicle Supplies & New Parts
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 8404200000
Condensers for steam or other vapor
power units
Manufacturing, Trading 8708 Parts & access
for motor vehicles (head 8701-8705
Manufacturing, Trading 7322 Radiators, air
heaters etc, nonel & parts, iron & steel
Importing 8907900060
Tanks
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Ranking Products / Materials / Services
Description
Manufacturing, Trading Primary Header
plate tinning machines
Manufacturing, Trading Primary Inter
coolers
Manufacturing, Trading Primary Motorcycle
radiators
Manufacturing, Trading Primary
Radiator assembly
machines
Manufacturing, Trading Primary Radiators
Manufacturing, Trading Primary Tank
clamping machines
Manufacturing, Trading Primary Tube
machinery
Importing Secondary
Brass tank
Importing Secondary Copper
strips
Importing Secondary Gaskets
Importing, Trading Secondary Oil
coolers
Importing Secondary Plastic
tanks
Importing, Trading Secondary Radiator
caps
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.45.21 |
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1 |
Rs.72.55 |
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Euro |
1 |
Rs.62.43 |
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.