MIRA INFORM REPORT
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Report Date : |
12.03.2011 |
IDENTIFICATION DETAILS
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Name : |
TOMSUN RADIATOR MFG CO LTD |
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Registered Office : |
69, Lane 83, |
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Country : |
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Date of Incorporation : |
04.06.1986 |
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Com. Reg. No.: |
22201277 |
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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 : |
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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Status : |
Small Company |
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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
TOMSUN
RADIATOR MFG CO LTD
69, LANE 83,
TEL: 886-2-29912627/299122991 FAX: 886-2-22764974
EXECUTIVE SUMMARY
INCORPORATION DATE : JUN. 4, 1986
REGISTRATION NO. :
22201277
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. HSI-LIN HUANG (CHAIRMAN)
STAFF STRENGTH :
80
AUTHORIZED CAPITAL : NTD 10,000,000
BUSINESS LINE : MANUFACTURER
TURNOVER :
NTD 49,000,000 (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 : 東臣實業有限公司
*OTHER LICENSES*
=================
Issuing Authority : Industrial Development Bureau - Ministry of Economic
Affairs
License Name : Factory license
License Number : 99603553
*CAPITAL (Currency: NTD - New
=====================================
Authorized Capital: 10,000,000
*OFFICE & FACILITIES*
===================
Name : TOMSUN RADIATOR MFG CO LTD -
Building Size : 398 Square meters
Employees : 22
Type of Location : Industrial Area
Address : 69, Lane 83,
Country :
Ownership of Property : Rented / Leased
Status : Operational
*FACTORIES, SIZE, & LOCATIONS*
=============================
Name : TOMSUN RADIATOR MFG CO LTD - ANNAN DIST,
Building Size : 4,198 Square meters
Employees : 58
Address : 125 Kung Ming Nan
Country :
Status : Operational
*REPUTATION*
=============
Reference checking for the purpose of establishing the TOMSUN RADIATOR
MFG CO LTD's reputation within the respective industry failed to reveal any
adverse information.
www.tomsun-radiator.com.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: tomsun1@ms61.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
================
Shareholders Country Amount (NTD) %
Mr. Hsi-lin Huang
Name Nationality
Job Description Dept. / Division
Mr. Daniel Ming-yi Yang Taiwanese
Manager Sales
Mr. Hsi-lin Huang Taiwanese
General Manager -
*Company Director*
===============
1
Name : Mr. Hsi-lin Huang
Nationality : Taiwanese
2
Name : Mr. Daniel Ming-yi Yang
*Core Business Description*
====================
Core Business
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The primary business focus of TOMSUN RADIATOR MFG CO LTD is:
·Manufacturing - Finished products
An integral part of the core business includes:
·Research & Development (R&D)
·After sales services & maintenance
·Distribution
Supplementary Business
-------------------------------
In addition to the core business, TOMSUN RADIATOR MFG CO LTD also is
engaged in the following areas of business:
Exporting
·Exporting - Finished products
Importing
·Importing - Components
*Primary Products*
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Activity Products
/ Materials / Services Description
---------- -----------------------------------------------------
Manufacturing, Exporting Car
refrigerators
Manufacturing, Exporting Ice
boxes
Manufacturing, Exporting Radiators
*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
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
30~90 days
Import Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Executed at
time of transaction
*BRANDS & TRADEMARKS*
=======================
Brands & Trademarks Application
Category
TOMSUN #1
Radiator
#2 Ice boxes
#3 Car
refrigerators
*TRADE SHOWS*
==============
Exhibition Acronym Country Participating Year
Parts & Accessories Show
Parts & Accessories Show
Airport
Equipment Airline Services Expo
Parts & Accessories Show
Parts & Accessories Show
Parts & Accessories Show
Parts & Accessories Show
*COMPETITORS*
==============
The following is a representative list of local competitors:
CRYOMAX COOLING SYSTEM CORP
LI-CHI AUTOMOBILE RADIATOR INDUSTRIAL LTD
LIANKUANN ENTERPRISES CO LTD
WATER KING AUTO PARTS INC
YUAN TAI RADIATOR CO LTD
*DOMESTIC SALES & PURCHASES*
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Annual Sales Analysis Percentage
-------------------------- -------------
Domestic Sales 20%
International Sales (Export) 80%
Annual Purchases Analysis Percentage
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Local Purchases 90%
Imports 10%
*Sales Channel Analysis*
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Sales Channel Sales
Channel Ownership Percentage
Wholesalers Owned by Subject Business Entity
(SBE) n/a
Other Sales Channel n/a 100%
*Customer Type Analysis*
====================
Customer Type Percentage
Vehicle Industry n / a
SC
is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES : 58
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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 : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,
Branch Address :
SWIFT Code : CCBCTWTP
Bank Name : CHINATRUST COMMERCIAL BANK LTD
Branch : Hsin-i Dist,
Branch Address : 14Fl China Trust Bldg 3 Sung Shou Rd, Hsin-i Dist,
Taipei City 110 (Head Office)
SWIFT Code : CTCBTWTP
*FINANCIAL STATEMENT – DETAILED*
=================================
Currency: NTD
Denomination: 1
Financial Year Ending: December
Financial Highlights As
of 2009
------------------------- --------------
Total Assets(*) 8,000,000
Turnover(*) 49,000,000
Profit After Tax attributable to Shareholders(*) 2,000,000
*Financials - Summary (Currency: USD - US Dollar)
=======================================
Year Sales Assets Net Income
2009(*) $1,523,158 $248,679
$62,170
Note: (*)
Financials listed are the most recent available for this company.
*Int´l Trade Activity (Currency: USD - US Dollar)
====================================
Year Imports Exports Total
2007 $150,000 $690,000 $840,000
2008 $160,000 $730,000 $890,000
2009 $170,000 $800,000 $970,000
SC is considered medium-sized in its line with a development history of
25 years. Taking into consideration of SC’s general performance, a credit line
up to USD 15,000 appears to be within SC’s capacities.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing, Exporting 3714
Motor vehicle parts and accessories,
Manufacturing, Exporting 5078
Refrigeration Equip
Manufacturing, Exporting 5013
Vehicle Supplies & New Parts
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing, Exporting 8414308030
Compressors, refrigerating and
air-conditioning, for motor
vehicles
Manufacturing, Exporting 8708
Parts & access for
motor vehicles (head 8701-8705
Manufacturing, Exporting 8708911000
Radiators for tractors suitable for
agricultural use
Manufacturing, Exporting 8708915000
Radiators for vehicles, other than
tractors for agricultural use
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Estimated level of importance Trading Activity
Middle-East Medium
Exporting
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.21 |
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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.