MIRA
INFORM REPORT
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Report Date : |
25.04.2012 |
IDENTIFICATION DETAILS
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Name : |
TA SHUN DYESTUFFS CO LTD |
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Registered Office : |
1fl, |
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Country : |
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Financials (as on) : |
31.12.2009 |
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Date of Incorporation : |
04.06.1982 |
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Com. Reg. No.: |
34493340 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Trading of Chemical dyes, Dye carriers, yestuffs, Erodescent paper
dyes, Optical brightening agents |
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No. of Employees : |
Not Available |
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 25,000 |
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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 and address
TA
SHUN DYESTUFFS CO LTD
1FL,
TEL: 886-2-25351178 FAX: 886-2-25354395
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE.4, 1982
REGISTRATION NO. :
34493340
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. MING-YEH CHOU (CHAIRMAN)
STAFF STRENGTH :
5
AUTHORIZED CAPITAL : NTD 5,000,000
BUSINESS LINE :
TRADER
TURNOVER :
NTD 84,400,000 (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 29.42900 = 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 –
%2025-Apr-2012_files/image011.gif){kind=small}
Name in Local Language : 大舜染料有限公司
*CAPITAL (Currency: NTD - New
=====================================
Authorized Capital: 5,000,000
*OFFICE & FACILITIES*
====================
Name : TA SHUN DYESTUFFS CO LTD - TATUNG DIST,
Building Size : 119 Square meters
Type of Location : Commercial
Address : 1Fl,
Country :
Ownership of Property : Rented / Leased
Status : Operational
*PREVIOUS CONTACT DETAILS*
===========================
Company Address: 4Fl,
Company Address: 1Fl,
*REPUTATION*
=============
Reference checking for the purpose of establishing the TA SHUN DYESTUFFS
CO LTD's reputation within the respective industry failed to reveal any adverse
information.
%2025-Apr-2012_files/image012.gif){kind=small}
SC is not known to host website of its own at present.
E-mail: eddie73.huang@msa.hinet.net
%2025-Apr-2012_files/image013.gif){kind=small}
For the past two years there is no record of litigation.
%2025-Apr-2012_files/image014.gif){kind=small}
*Major Shareholders*
================
Shareholders Country %
Mr. Ming-yeh Chou
%2025-Apr-2012_files/image015.gif){kind=small}
Name Nationality
Job Description Dept. / Division
Ms. Yi-yung Chou Taiwanese
Manager Export
Ms. Caritta Lin Taiwanese
Executive Sales
Mr. Ming-yeh Chou Taiwanese
President -
*Company Director*
===============
1
Name : Mr. Ming-yeh Chou
2
Name : Ms. Yi-yung Chou
3
Name : Ms. Caritta Lin
Email : carittalin@tcintl.com.tw
%2025-Apr-2012_files/image016.gif){kind=small}
*CORE BUSINESS DESCRIPTION*
===========================
Core Business
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The primary business focus of TA SHUN DYESTUFFS CO LTD is:
·General trading - Finished products
Supplementary Business
-------------------------------
In addition to the core business, TA SHUN DYESTUFFS CO LTD also is engaged
in the following areas of business:
Exporting
·Exporting - Finished products
Importing
·Importing - Materials
*Primary Products*
==============
Activity Products / Materials /
Services Description
--------- ----------------------------------------------------
Trading Chemical dyes
Trading Dye carriers
Trading Dyestuffs
Trading Erodescent paper dyes
Trading Optical brightening
agents
*PAYMENT TERMS*
=================
Selling
--------
Type Terms
Local Cash on delivery
(COD)
Credit - Unsecured 30~120 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 - Unsecured 30~120 days
Import Letter of Credit
(At-sight)
*COMPETITORS
==============
The following is a representative list of local competitors:
CHEMMAX CO LTD
COLORFUL CHEMICAL LTD
GREEN CIRCLE CHEMICAL LTD
TA KANG CHEMICAL INDUSTRIAL CORP
*DOMESTIC SALES & PURCHASES*
=============================
Annual Sales Analysis Percentage
--------------------------- --------------
Domestic Sales 20%
International Sales (Export) 80%
Annual Purchases Analysis Percentage
--------------------------------- --------------
Local Purchases 90%
Imports 10%
*Sales Channel Analysis*
===================
Sales Channel Sales Channel
Ownership Percentage
----------------- ------------------------------ --------------
Wholesalers Owned by Subject Business Entity (SBE) 100%
*Customer Type Analysis*
===================
Customer Type Percentage
Paper manufacturer n / a
%2025-Apr-2012_files/image017.gif){kind=small}
*(Subsidiaries, Joint-ventures & Affiliates)
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Business Entity Name : TEH FONG MIN INT'L CO LTD
Country :
Relationship : Affiliate
Primary Business Activity : Manufacturer
Industry : Chemicals
%2025-Apr-2012_files/image018.gif){kind=small}
PAYMENT RATING : 3 OBTAINED SCORES : 61
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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.
%2025-Apr-2012_files/image019.gif){kind=small}
*BANK DETAILS*
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Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address : Chungcheng Dist,
SWIFT Code : BKTWTWTP
Bank Name : HONGKONG & SHANGHAI BANKING CORP LTD, THE -
Branch : Hsin-i Dist,
Branch Address : 13Fl Int'l Trade Bldg 333 Keelung Rd, Section 1, Hsin-i
Dist, Taipei City 110 (Head Office)
SWIFT Code : HSBCTWTP
Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : HNBKTWTP
*FINANCIAL STATEMENT – DETAILED*
=================================
Currency : NTD
Denomination : 1
Financial Year Ending : December
Financial Highlights As
of 2007 As of 2008 As of 2009
------------------------ -------------- -------------- --------------
Total Assets(*) 13,900,000 13,900,000 14,000,000
Turnover(*) 89,500,000 63,000,000 84,400,000
Profit After Tax attributable to Shareholders(*) 9,670,000 6,800,000 8,900,000
*Financial Ratio*
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Financial Highlights As
of 2007 As of 2008 As of 2009
------------------------ -------------- -------------- --------------
Growth %
Year-on-Year Growth -
(29.61) 33.97
Profitability
Profit Margin (%) 10.80 10.79 10.55
Return on Assets (%) 69.57 48.92 63.57
Asset Management
Total Assets Turnover (Times) 6.44 4.53 6.03
*Int´l Trade Activity (Currency:
=============================
Year Imports Exports Total
2004 $175,000.00 $3,850,000.00 $4,025,000.00
2005 $275,000.00 $1,250,000.00 $1,525,000.00
2006 $175,000.00 $870,000.00 $1,045,000.00
2007 $180,000 $1,350,000 $1,530,000
2008 $175,000 $970,000 $1,145,000
2009 $190,000 $1,750,000 $1,940,000
*Financial Summary (Currency:
==============================
Year Sales Assets Net
Income
2006 $2,581,620.31 $420,193.47 $275,392.99
2007 $2,700,664
$419,433 $291,792
2008 $1,956,522
$431,677 $211,180
2009 (*) $2,623,562 $435,188 $276,655
Note: (*)
Financials listed are the most recent available for this company.
%2025-Apr-2012_files/image020.gif){kind=small}
SC is considered small-sized in its line with a development history of
29 years. Taking into consideration of SC’s general performance, a credit line
up to USD 25,000 appears to be within SC’s capacities.
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 2899 Chemical preparations,
Trading 2800 Chemicals and Allied Products
Exporting 2869 Industrial organic chemicals,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3823906000 Chemical products and preparations of the
chemical or allied industries
Trading 3204140000 Direct dyes & preparations based
thereon
Trading 3809925000 Finishing agents and dye carriers used in the
paper industry containing less than 5 percent or more by wgt of 1 or more
aromatic/modified aromt subst
Trading 3809 Finishing agents etc for
textiles, paper etc
Trading 3800 Miscellaneous chemical products
Trading 3204 Syn org coloring matter &
prep; syn org brit agent
Exporting 3204200000 Synthetic organic products used as
fluorescent brightening agents
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Ranking Products / Materials / Services Description
Trading Primary Paper
dyes
Trading Secondary Finishing
agents
Exporting Secondary Synthetic
organic products
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.52.79 |
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1 |
Rs.85.17 |
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Euro |
1 |
Rs.69.53 |
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.