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Purpose

To obtain as much credit-related information as possible to accurate assess the risk associated in commencing business dealings with a company

- What are all the known factors / information available on this company?
- Are there any known points-of-reference which indicate a company of good-standing and reliability?
- Are financials available to better judge the size and financial standing of the Business Entity?
- Is there any further information known of the real owners and there involvement with out business entities?
- Are there sufficient factors to establish a level of confidence in this Business Entity?
 

Report contents
REPORT DATA ELEMENTS INCLUDED IN REPORT
LEGAL NAME ●
DBA NAME (*) ●
ADDRESS, Legal registered address ●
ADDRESS, Operating address ●
TEL NUMBER
 ●
FAX NUMER ●
TAX ID CODE OR BUSINESS REGISTRATION NUMBER (*) ●
LEGAL FORM
●
ISSUING AUTHORITY
 ●
URL OWNERSHIP CORRELATION (*)
 ●
EMPLOYEES (*)
 ●
LLINE OF BUSINESS ●
PRIMARY TYPE OF BUSINESS ACTIVITY (Mfg,Trader.) ●
SECONDARY BUSINESS ACTIVITY
(SIC, Harmonized Classification)		 ●
DATE REGISTERED ●
AUTHORIZED CAPITAL ●
GLOBAL A&V HISTORY ●
OWNERSHIP (CEO / President) ●
SHAREHOLDERS / DIRECTORS (*) ●
ADVERSE DATA CHECK
 ●
CREDIT SCORE & RISK ANALYSIS ●
TRADE REFERENCES ●
INDUSTRY ASSOCIATIONS ●
DIRECT CORPORATE PARENT DETAILS ●
RELATED PARTIES ●
FINANCIALS ●
OVERSEAS AGENCY ●
INT’L TRADE ACTIVITIES ●

 

Report sample


Fullcheck Report
ZEN-TEK ELECTRONICS LTD.
Date: 26 July, 2006
Company Details
Global Identifier
:
 P0342938
Country
:
 Taiwan
Address
:
 7Fl 43 Nanking East Rd Section 2 Chungshan Dist Taipei City 104
Tel
:
 [+886] 2-26511515
Fax
:
 [+886] 2-26511717
Email
:
 fastape@zen-tek.com
Website
:
 www.zen-tek.com
Type
:
 Manufacturer
Industry
:
 Electronic Products & Components
Key Facts
Established Year
:
 1991
Legal Form
:
 Private Limited Company
License number/s
:
 12345678
Date Issued
:
 1999
Issuing authority
:
 Ministry of Economic Affairs (MOEA)
Employees
:
 78
Capital
:
 US$ 3,982,122
Credit Rating & Risk Analysis

Risk Index : Low
Low.jpg

Rating : Excellent
  graph89.jpg

Points Allocated : 89

Credit Opinion :

Consulted sources within the industry have reported that the company has been settling its payments regularly and on time.
 
   
CREDIT ASSESSMENT FACTORS
  ACP's Credit risk assessment is gauged on 12 key business factors.
  Each factor is assigned a rating and the total is aggregated and weighed
  in consideration of any other influencing factors relevant to the final assessment.
   
  These factors include :
   Financial Status    Profitability    Industry sector & trends
   Principals    Litigation    Liabilities
   Management    Scale of operations    Years in business & co history
   Assets(real estate etc.)    Trade references & reputation    Family involvement & support
 
Adverse Data
 Results
:
 Total of  0  record found.
Recommended Credit Limit - Trade Finance
Maximum Recommended Credit
:
 USD 15,000.00 based on 90 days
Financial Summary  (Currency: U.S. $'s)
Year
Sales
Assets
Net Income
2000
$103,354,454
$78,123,123
$1,334,000
2001
$138,713,333
$88,115,333
- $1,433,159
2002
$186,182,000
$111,478,713
$2,202,550
Management & Products
 Management
:
 Mr. Ah-ming Tseng, Managing Director
 
 
 Mr. Nai-jiu Bai, Director
 
 
 Mr. Osman Ding-men Tsai, General Manager
 
 Products
:
 Capacitors
 
 
 Electronic components
 
 
 Fixed capacitors
 
 
 Variable capacitor
 
 
 Electronic products
Int´l Trade Activity  (Currency: U.S. $'s)
Year Imports Exports Total
2000
$4,219,907
$5,878,694
$10,098,601
2001
$3,206,616
$5,107,371
$8,313,987
2002
$3,592,986
$5,418,224
$9,011,210
Commercial Credit Inquiries
Date of Inquiry Industry
in which Inquirer Operates		 Credit Type
(* / **)		 Credit Amount Period
15 Apr, 2003 Financial Services MRC USD 15,000 90 days
9 Jun, 2003 Professional Services MRC USD 15,000 90 days
2 Aug, 2003 Financial Services ISC USD 12,000 120 days
11 Nov, 2003 Financial Services MRC USD 15,000 120 days
Note:
* MRC : Maximum Recommended Credit
** ISC : Inquirer Specified Credit
 
In-depth Report Details
Country
:
 Taiwan
Company Name
:
 ZEN-TEK ELECTRONICS LTD
Type
:
 Manufacturer
Industry
:
 Electronic Products & Components
Established Year
:
 1991
Office Contact Details
Address
:
 7Fl 43 Nanking East Rd Section 2
Zip
:
 104
Suburb
:
 Chungshan Dist
City
:
 Taipei City
Tel
:
 [+886] 2-26511515
Cell
:
 [+886] 9055266266
Fax
:
 [+886] 2-26511717
E-Mail
:
 fastape@zen-tek.com
Web Site
:
 www.zen-tek.com
Factory Contact Details
Address
:
 Hsinchu Science-Based Industrial Park 7 Innovation Rd
Zip
:
 300
City
:
 Hsinchu City
Tel
:
 [+886] 3-5666262
Fax
:
 [+886] 3-5626161
Postal Details
P.O. Box
:
 52-118
P.O. Zip
:
 111
P.O. Suburb
:
 Shihlin Dist
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3675 Electronic capacitors
Manufacturing 3672 Printed circuit boards
Manufacturing 3674 Semiconductors and related devices, and parts, nspf
Manufacturing 3679 Electronic components, nspf
Manufacturing 5065 Electronic Parts/Equip, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 8532 Electric capacitors, fixed, variable or adjustable (preset)
Importing 8532290040 Fixed capacitors
Importing 8532300090 Variable or adjustable capacitors
Manufacturing 8534 Printed circuits
Manufacturing 8542 Electronic integrated circuits & microassembl, parts
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importing Capacitors
Importing Electronic components
Importing Fixed capacitors
Importing Variable capacitor
Manufacturing Electronic products
OWNERSHIP
     
Chairman
:
 Dr Louis Ming-li Chen
Nationality
:
 Taiwan
Direct Parent
:
 ZEN-TEK HOLDINGS CO LTD
Direct Parent Nationality
:
 Taiwan
Brand DoorNet
Brand ZAP
COMPANY MANAGEMENT
Name Job Description Nationality
Mr. Sen-bing Lim Director Malaysia
Mr. Tin-lum Luk Director USA
Mrs. Debbie Jing-sen Lin Finance Manager Taiwan
Ms. Angel Mei-ling Wang CEO Taiwan
Ms. Julie Hock-sum Chen Director Taiwan
FINANCIALS SUMMARY (Currency: U.S. $'s)
Year
Sales
Assets
Net Income
1998
$7,010,202
$75,123,937
$1,715,000
1999
$8,100,342
$76,104,734
$1,375,600
FINANCIAL & LEGAL STATUS
  *Financial History*
==============
1995 - Invested heavily into two other subsidiaries in Taiwan. The levels of investment into the two other
           subsidiaries represented a total of US$52.8 million.
2000 - Recorded an increase of 33.79% on its total turnover.
         - The turnover of its drink division reached NT$3,774 million, up 50% compared to that of 1999.
         - CDS's turnover reached NT$415 million, a 5.5% growth from 1999.
2001 - Its order fill-rate hit 93% and handling costs per case was reduced by 30%.

*Financials*
===========
Balance Sheet
Currency : NT$Thousand (Except Number of Shares and Par Value)
  31 December, 2002
------------------------		 31 December, 2001
------------------------
ASSETS
Current Assets  		   
Cash and cash equivalents 88,396 60,433
Investments in mutual funds - net
 23,030 9,920
Notes receivable and accounts receivables -
 net of allowance for doubtful accounts of
 NT$5,819 (US$185) in 2002		 1,180,484 698,902
Inventories - net 583,822 846,521
Receivables from related parties 154,590 138,069
Receivables from principals 93,493 119,263
Prepaid expenses and other current assets 226,883 53,404
Total current assets 2,350,698 1,926,512
Investments in shares of stock - net                                                               561,234 487,934
Properties    
Cost    
  Land 139,560 141,456
  Buildings and equipment 364,477 356,777
  Office equipment 332,938 249,535
  Vehicles 48,137 45,430
  Total cost 885,112 793,198
Less - accumulated depreciation 241,838 205,221
Construction in progress 18,971 13,337
Prepayments for buildings and equipment 1,858 -
Net Properties 664,103  601,314
Intangible Assets    
Franchises 179,301 -
Deferred charges 22,003 -
Total intangible assets 201,304 -
Other Assets 35,233 24,219
Total Assets 3,812,572  3,039,979
     
LIABILITIES & STOCKHOLDERS' EQUITY    
Current Assets     
Short-term bank loans 274,000 94,520
Commercial papers 319,359 -
Notes payable and accounts payable 397,879 444,894
Accrued expenses liabilities 124,201  75,079
Income tax payable 1,964 -
Other current liabilities 59,458 126,067
Total current liabilities 1,176,861 740,560
Long-term liabilities 131,000 22,000
Accrued pension cost 4,142 3,348
Other liabilities 146,247 -
Total liabilities 1,458,250 765,908
Stockholders' equity    
Capital stock - NT$10 par value    
  Authorized - 250,000 thousand shares    
  Issued - 162,000 thousand shares 1,620,000 1,620,000
Capital surplus    
  Paid-in capital in excess of par value 570,249 570,249
  Gain on disposal of properties 1,908 1,144
  From long-term stock investments  45 -
  Total capital surplus 572,202 571,393
Retained earnings    
  Legal reserve                  37,568 37,568
  Unappropriated earnings 126,130 50,911
  Total retained earnings 163,698 88,479
Unrealized loss on long-term stock investments (1,287) (5,801)
Cumulative translation adjustments (291) -
Total stockholders' equity 2,354,322 2,274,071
Total liabilities and stockholders' equity 3,812,572 3,039,979
INCOME STATEMENTS    
Product sales - net of sales returns and    
allowance of NT$244,211 (US$7,764) in 2002    
and NT$224,847 in 2001 5,923,774 4,332,299
Central distribution service revenues 415,442 393,872
Commission revenues 6,369,023  4,760,570
Cost of product sales and costs of revenues    
from central distribution service 5,567,524 3,983,496
Gross Profit 801,499 777,074
Operating Expenses  530,186 645,346
Sales and marketing  141,115 123,330
General and administrative 130,198 8,398
  Income from operations    
Non-operating income     
Interest  13,318 7,683
Investment income recognized under    
equity method 12,058 -
Gain on disposal of investments in mutual    
funds 2,787 -
Others 26,093   13,003
  Total non-operating income 54,256 25,040
Non-operating expenses    
Provision for decline in value of inventories 48,614 32,325
Foreign exchange losses - net 22,705 4,156
Interest  11,790 24,826
Investment loss recognized under equity    
  method -  17,344
Other 2,751 8,762
Total non-operating expenses 85,860 87,413
Income (loss) before income tax   98,594 (53,975)
Income tax 22,606 (4,531)
Net income (loss)     75,988 (49,444) 


*Payment Terms*
==============
Sales
--------
Local   : Cash on delivery (COD)
              30-60 days credit
Export : Letter of Credit (L/C)
              Document against Acceptance (D/A)

Purchases
--------------
Local   : Cash on delivery (COD)
              30-60 days credit
Import : Letter of Credit (L/C)
              Document against Acceptance (D/A)

*Company Registration*
====================
License number : 2200000025
Issuing authority : Ministry of Economic Affairs (MOEA)
Type of license : Manufacturing, assembly, importation of electronic components and assembly.

*Industry Ranking*
================
Considered to be one of Taiwan's largest PCB assemblers.

*Accountants*
============
T NXSONIC & CO

*Auditors*
=========
T NX SONIC & CO

*Company Name*
=============
Incorporated as : PROPSEROUXX ELECTRICAL CORP
Date of Incorporation : 10 October, 1994
Changed Name to : ZEN-TEK ELECTRONICS LTD
Date of Change : August 1996



*Financial Structure*
================
Overview of  Turnover as per Division:
---------------------------------------------------
PCB Division
Year                    Turnover (NT$)              Growth (%)
------                    ---------------------              ---------------
2000                                1,678,311                   48
2001                                2,517,312                   50
2002                                3,774,276                   50

Components Division
Year                   Turnover (NT$)              Growth (%)
-------                  ---------------------              ---------------
2000                               2,471,434                      7
2001                               1,849,386                   -25
2002                               1,863,765                      8

CDS Division
Year                    Turnover (NT$)              Growth (%)
-------                   ---------------------              ---------------
2000                                   285,263                    52
2001                                   393,872                    38
2002                                   415,442                    5.5

BANKS REFERENCES
Bank: BANK OF TAIWAN
Bank: CHIAO TUNG BANK CO LTD
LOCAL BRANCHES & MANAGEMENT
Branch
:
 ZEN-TEK ELECTRONICS LTD - HSIN-I DIST
Branch Address
:
 2Fl 167 Chung Hsiao East Rd
Branch Zip
:
 110
Branch Suburb
:
 Hsin-i Dist
Branch City
:
 Taipei City
Branch Tel
:
 [+886] 2-23565667
Branch Fax
:
 [+886] 2-23569876
Branch Email
:
 trendectshil@mail.com
Branch Employees
:
 15
Branch Management
Name Job Description Nationality
Mr. Harry Henderson Vice President Australia
Mr. Fred Lee Treasurer Taiwan
Mr. Chin Long Director Taiwan
 
 
Branch
:
 ZEN-TEK ELECTRONICS LTD - SHIHLIN DIST
Branch Address
:
 1Fl 56 Chung Shan North Rd Section 5
Branch Zip
:
 111
Branch Suburb
:
 Shihlin Dist
Branch City
:
 Taipei City
Branch Tel
:
 2-28736678
Branch Fax
:
 2-28736678
Branch Email
:
 trendectshil@mail.com
Branch Employees
:
 10
Branch Management
Name Job Description Nationality
Ms. Virginia Yates President USA
Mr. Joe Chen Managing Director Taiwan
Mr. Ke-pei Meng Finance Manager Taiwan
 
PRODUCT, TECHNOLOGY, SERVICES DESCRIPTION
  *Main Products & Services*
======================
Specializing in two main areas of work:
1. Import of computer components.
2. Production of multi-layer printed circuit boards incorporating some of the raw materials imported.

*Detailed Product Specifications*
==========================
Characteristics of products include:
- Layers include : 2-8 layers
- PCB's with hot air levelling process
- PCB's with electroless nickel/gold plating
- PCB's with carbon ink or with peelable solder masks
- Epoxy or photimageable solder masks

The main use of the IC's are for optimum performance under extreme temperatures.
Application : weapons control panel on indigenous fighter jets.

*Technologies Developed and/or Acquired*
===================================
ZEN-TEK implements Q.C. testing throughout the manufacturing process. All testing jigs & software are produced by the in-house engineering department.

*Quality Certification*
=================
Type