MIRA INFORM REPORT

 

 

Report Date :

17.08.2012

 

IDENTIFICATION DETAILS

 

Name :

TSAO HSIN ENTERPRISE CO., LTD.

 

 

Registered Office :

No.2, Alley 4, Lane 113, Mingder Rd. Peitou dist. 11211 Taipei.

 

 

Country :

Taiwan

 

 

Date of Incorporation :

24.11.1980

 

 

Com. Reg. No.:

05024641

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Trading, design and installation of medical (clean room) and laboratory equipment, etc

 

 

No. of Employees :

About 42 employees

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No Complaints

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Taiwan

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Contact Points

 

Company Name:

Tsao Hsin Enterprise Co., Ltd.

Supplied Name:

TSAO HSIN ENTERPRISES CO LTD.

Trading Address:

No.2, Alley 4, Lane 113, Mingder Rd. Peitou dist. 11211 Taipei Taiwan R.O.C.

Supplied Address:

Ming-Der Rd Pei-Tou District No. 2 Ally 4 Lane 113 Taipei 11211

Telephone Number:

+886-2-28218625/28250661  

Fax Number:

+886-2-28219065/28225792

E-mail:

ruth.huang@tsaohsin.com.tw

Notes: Subject’s exact name and address are as above.

 

Credit Summary

 

Credit Opinion:

Business connections are permissible.

 

Company Identification Details

 

Registered Name:

Tsao Hsin Enterprise Co., Ltd.

Registered Address:

No.2, Alley 4, Lane 113, Mingder Rd. Peitou dist. 11211 Taipei Taiwan R.O.C.

Date of Foundation:

1980-11-24

Registration Number:

05024641

Registry:

Taipei City Government

Registered Capital:

NTD 10,000,000 (USD 334,000)

(As of 2012.08, 1 NTD = 0.0334 USD)

Legal Representatives:

Guoxin Lai

Legal Form:

Private Limited Company

Principal Activities:

Trading, design and installation of medical (clean room) and laboratory equipment, etc

Staff:

About 42 employees (Taiwan)

About 120 employees (The mainland of China)

Listed at Stock Exchange:

No

Date of Last Annual Return:

2009-10-1

 

History

 

Subject was incorporated on 1980-11-24 with registered number 05024641 as Private Limited Company in Taiwan.

 

Shareholders

(Unit: NTD)

Name

Subscription Amount

Guoxin Lai

3,500,000         

 

Hongwei Lai

 

3,000,000

 

Yijun Lai

1,000,000

 

The information above is that of subject’s major shareholders.

 

Subsidiaries & Branches

 

Branches

1

Name

Taichung Branch

Address

No. 278, Boguan Road, 403, West Area, Taichung City, Taiwan

Tel

+886-4-23134697   

Fax:

+886-4-23130420

2

Name

Kaohsiung Branch

Address

No. 290, Fujian Street, 802, Lingya District, Kaohsiung, Taiwan

Tel

+886-07-2267352/2267353  

Fax:

+886-07-2267351

3

Name

Beijing Branch

Address

Room 706/716, Guohua Mansion, East Tower, Dongfang Plaza, 8-2, III, Dongdan, Dongcheng Street, Beijing, China

Tel

+86-10-65259490/65259492/65259493/65259497  

Fax:

+86-10-65259460

4

Name

Shanghai Branch

Address

29C, T1, Jiahui Plaza, 2601, Xietu Road, Shanghai, China

Tel

+86-21-64263963

Fax:

+86-21-64262325

5

Name

Nanjing Branch

Address

Room 204, Block A, Jinlong Panjiayuan, 318, Longpan Middle Road, Baixia District, Nanjing, China

Tel

+86-25-84605941/42/43

Fax:

+86-25-84605940

6

Name

Guangzhou Branch

Address

Room 2307-2308, Yuanyang Mingzhu, 23, Zhujiang Xincheng Huali Road, Tianhe District, Guangzhou, China

Tel

+86-20-37585763/37585761/37585760/37585759

Fax:

+86-20-37585202

7

Name

Xi’an Branch

Address

Room 1402, Block A, Shiji Jingdian, 161, Taxi Road, Xi’an, China

Tel

+86-29-85396294/82302884/82302809

Fax:

+86-29-85396763

8

Name

Chengdu Branch

Address

Room 1709, Block A, Dongfang Plaza, 11, Zidonglou Section, East Avenue, Chengdu, China

Tel

+86-28-84420818/84421580

Fax:

+86-28-84438626

9

Name

Hangzhou Branch

Address

Room 426, Hangzhou Huaxing Keji Mansion, 477, Wensan Road, Hangzhou, China

Tel

+86-571-68026527/86026528

Fax:

+86-571-86026509

10

Name

Xiamen Branch

Address

Room 2606, Block A, Baiyuan Shuangxi, 925, Xiahe Road, Xiamen, China

Tel

+86-592-2076469

Fax:

+86-592-2984819

11

Name

Wuhan Branch

Address

Room 2306, 23/F., Caicheng Mansion, Shiji Caicheng, 233, Zhongbei Road, Wuchang District, Wuhan, China

Tel

+86-27-86821385 , 13006162677

Fax:

+86-27-86829417

12

Name

Chongqing Branch

Address

2-12-3, Huanwei Mansion, Fengtian Road, Shaping Ju, Chongqing, China

Tel

+86-15023732680

Fax:

+86-23-6546394 

13

Name

Kunming Branch

Address

Room 1106, Unit 2, Block A, Meijing Xincheng, 214, Linyu Road, Beishi District, Kunming, China

Tel

+86-13577073813, 18987166360

Fax:

+86-871-5651419

14

Name

Guiyang Branch

Address

Room 501, Unit 5, No. 405, Baoshan North Road, Guiyang City, Guizhou Province, China

Tel

+86-18984001215 / 851-6754631

15

Name

Zhuhai Branch

Address

Fuxi New Industrial Area, Qianshan Town, Xiangzhou District, Zhuhai City, Guangdong Province, China

Tel

+86-756-8530160/161/162

Fax:

+86-756-8530165

16

Name

Shenyang Branch

Address

1-15B-8, No. 24, Beier East Road, Tiexi District, Shenyang City, Liaoning Province, China

Tel

+86-248-6246085 , 15909886544

17

Name

Nanning Branch

Address

Room 906, Unit 2, Block B, Shidai Tianjiao, 31, Daxue East Road, Nanning City, Guangxi Province, China

Tel

+860771-3855186, 3856286

Fax:

+86-771-3856286

 

Personnel Information

Core Management

 

Directors

1

Name

Guoxin Lai

Position

Board Chairman

2

Name

Hongwei Lai

Position

Director

3

Name

Yijun Lai

Position

Director

 

Personnel Structure

 

Total Employees

About 42 employees (Taiwan)

About 120 employees (The mainland of China)

 

Operation Information

Offices & Factories

 

 

Headquarters

Add

No.2, Alley 4, Lane 113, Mingder Rd. Peitou dist. 11211 Taipei Taiwan R.O.C.

 

Production Information

 

l         Subject is a trader of medical (clean room) and laboratory equipment without any production activities

l         It is introduced that subject supplies the project design and installation service.

 

Purchase Information

 

l         The registered activities of subject:

Business Code

Details

--

Design, processing, import, export and sales business of all kinds of Physical and chemical medical electronic science instruments

--

Project design and installation of the above mentioned instruments

--

Design and sales for tubes for tower cooling works, etc

--

Import and sales of measuring equipment

--

Import, export and sales of medical equipment

--

Sales of The laboratory and hospital equipment including clean bench, Laboratory table and cabinet and sickbed cart,etc

--

Bidding service, price quoting for relevant domestic and overseas cucstomers.

IZ07010

Notarization industry

 

l         Subject purchases both at home and abroad from Europe, USA, Switzerland, Italy, France and Taiwan, etc

l         It is introduced that subject is the agent distributor of the brands: A PLUS, Baker, CBS, Jencons, Kinematica, Norlake, Scotsman, Shel Lab, Techne, Virtis, Transonic, Jenway and Hull, etc

 

Sales Information

 

l         The subject is mainly engaged in sales of equipments including laboratory freezer, laboratory refrigerators, CO2 incubator, large incubator, freeze dryer, homogenizer, photo print, techgene pcr, clean room use wipers, accessories, cryogenic storage freezer, biological safety cabinet, centrifuge, etc

l         Subject’s products are applied to laboratory and medical use, etc

l         Subject’s products are mainly sold in domestic market and it has branches in the mainland of China for local business and overseas customers are not declined.

 

Import and export right:

Import right

Yes

Export right

Yes

 

Settlements

 

Purchase

 

Domestic Purchase

Product

Payment Terms

Proportion

Medical (clean room) and laboratory equipment, etc

CBD, etc

100%

 

 

Foreign Purchase

Product

Payment Terms

Proportion

Medical (clean room) and laboratory equipment, etc

CBD, etc

100%

 

Sales

 

Domestic Markets

Product

Sales Terms

Proportion

Medical (clean room) and laboratory equipment, etc

CBD, etc

100%

 

Export

Product

Sales Terms

Proportion

Medical (clean room) and laboratory equipment, etc

CBD, etc

100%

 

Financial Information

 

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Taiwan and the only source from which we can obtain the information is the subject itself.

Subject declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

 

Bankers

 

Subject declined to disclose its bank details; from other source we can not obtain the relevant information, either.

 

Public Record

 

Mortgage

No chattel mortgage record of subject has been found within the recent 3 months.

 

Lawsuit

Up to date of reporting, no existing or latent litigation of the subject has been found.

 

Interview Details

 

Department

Sales department

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.55.99

UK Pound

1

Rs.87.55

Euro

1

Rs.68.68

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

NB

New Business

 

--

 

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%)

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.