MIRA INFORM REPORT
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Report Date : |
30.03.2011 |
IDENTIFICATION DETAILS
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Name : |
TA CHEN INTERNATIONAL INC |
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Registered Office : |
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Country : |
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Date of Incorporation : |
05.07.1989 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Metal Merchant Wholesalers |
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 750,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
Regular |
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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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a1 |
a1 |
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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 |
GEOPOLITICS - UNITED STATES
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POLITICAL DATA |
ECONOMIC DATA |
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Form of Government: Federal
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Currency: USD |
IDENTIFICATION
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Ordered as: |
TA Chen International Inc |
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Address in the order: |
L-B, |
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Legal Name: |
TA CHEN INTERNATIONAL INC |
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Legal Address |
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Operative Address |
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Telephone: |
+1 (562) 808-8000 |
ID : |
C1464567 |
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Fax: |
+1 (562) 808-8104 |
Legal Form: |
Corporation for Profit |
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Email: |
Registered in: |
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Website: |
Date Created: |
1989 |
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Manager: |
ROBERT SHIEH, CEO |
Date Incorporated: |
July 5th, 1989 |
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Staff: |
208 |
Stock: |
NA |
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Value: |
NA |
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Activity: |
Metal Merchant Wholesalers |
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BANKS
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Name of the Bank |
WELLS |
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Name of the Bank |
FAR EAST NATIONAL BANK |
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Name of the Bank |
FIRST BANK |
BUSINESS
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PRINCIPAL ACTIVITY |
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The company manufactures and distributes stainless steel, aluminium, duplex,
and nickel alloy products. |
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Products/Services description: |
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ALUMINUM FLAT ROLLED NICKEL ALLOY FLAT ROLLED STAINLESS FLAT ROLLED STAINLESS PIPES VALVES, FITTINGS, FLANGES STAINLESS LONG PRODUCTS STAINLESS TUBING |
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Sales are: |
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Wholesale |
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Clients: |
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Various industries |
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The company does not import |
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The company export to Worldwide |
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Comments on staff: |
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The company currently has 208 employees, and 466 at group level. |
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PAYMENTS |
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regular |
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LOCATION |
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Headquarters |
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This company is headquartered at |
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Surface area: |
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91,900 |
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Branches: |
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The company has the following branches and warehouses: - - - Among others. |
Shareholders
- Manager - Related Companies
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Shareholders Parent Company(ies): |
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This is a privately held company. Despite our long searches it has not
been possible to identify the shareholders. |
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Management: |
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Robert Shieh, CEO Lynn Hsieh, Executive director Johnny Hsieh, Managing director |
Financials - COMMERCIAL TRENDS AND FORECAST
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As a private company the subject does not publish any financial
statements. |
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We have contacted the company but they refused to provide us any financial
data on grounds of confidentiality. |
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However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
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Currency |
DATE |
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USD |
2010 |
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Turnover |
493,570,000 |
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Currency |
DATE |
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USD |
2008 |
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Turnover |
830 033 250 |
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Legal Fillings |
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There are 139 UCC files listed with the
Secretary of State of California. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For
information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions
in all 50 states within the The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured
transaction by filing a public notice (financing statement) with a particular
filing office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by
individuals (in business as a sole proprietor), business entities and
corporations. |
Rating
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Local credit bureau gave a Correct credit
rate. The company is in Good Standing. This
means that all local and federal taxes were paid on due date. |
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Final Opinion |
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This company has been in business for 22 years. It has a staff of 208 employees
which makes it a medium sized company. There were no legal filings found against the company or its legal
representatives. Although the company's revenue decreased significantly for the year
2010. The company gave a correct profitability. We have contacted the company but they refused to provide any
information about the company on grounds of confidentiality. Therefore a credit line may be considered for USD 750,000 |
SUMMARY
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Profitability |
CORRECT |
Public Records |
NO |
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Indebtedness |
CONTROLLED |
Payments |
REGULAR |
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Cash |
N.A. |
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APPENDIX
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Person Interviewed |
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Male representative |
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Comments |
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They refused to provide us any financial data on grounds of
confidentiality. |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.67 |
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1 |
Rs.71.63 |
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Euro |
1 |
Rs.63.09 |
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.