This report is sent in answer to your inquiry on: |
|
Overview |
Company Name (ENG) | : | SICAN CO., LTD. Company Name (CHN) | : | 矽卡有限公司 | |
D-U-N-S | : | 65-842-6044 | D&B Rating* | : | 3A1 |
Year Established | : | 1998 | Previous D&B Rating* | : | O |
Year Registered | : | 1998 | Financial Stress Class* | : | 1 |
BR No. | : | 16666109 | NSF | : | No |
Blacklist | : | No | HISTORY | : | CLEAR |
Condition* | : | MINIMAL RISK |
Operating Address (ENG) | : | |
LUZHU DIST., | ||
TAOYUAN CITY | ||
TAIWAN (R.O.C.) | ||
Operating Address (CHN) | : | 中華民國臺灣 |
桃園市 | ||
33842 | ||
蘆竹區 | ||
大有街9巷12號 |
Telephone | : | 03 - 3543828
Fax
| :
| 03 - 3542027
| Fax
| :
| 03 - 3547094
| URL
| :
| www.sican.com.tw
| CEO (ENG)
| :
| CHEN, HUNG JU, JEFF
|
|
| GENERAL MANAGER
| CEO (CHI)
| :
| 陳 宏如
|
|
| 總經理
| Line of Business (ENG)
| :
|
MANUFACTURER OF SOLAR WINDOW FILM
|
Line of Business (CHI)
| :
|
汽車、大樓隔熱紙製造
| SIC
| :
| 3714-0000 | |
Import | : | NO
Export
| :
| YES
| Sales
| :
| 364,893 ThousandsF | Net Worth
| :
| 133,435 ThousandsF | Employee No
| :
| 65 (Total)
| |
CURRENCY: | All monetary amounts quoted in this report are shown in NEW TAIWAN DOLLARS | unless otherwise stated. | *NOTE: | | Please refer to the Appendix section for D&B rating, Financial
Stress Score and | | Condition interpretation. | |
Executive Summary |
The Financial Stress Class of 1 for this company shows that during the previous year, firms with this classification had a failure rate of 0.10 % (10 per 10,000 cos), which is lower than the national average. |
The Paydex for the company is 80, which indicates that payment to suppliers is at average Payments received within terms granted and that subject has same payment habit than the same industry, as compared with Paydex Industry Norm 80. |
|
The company, SICAN CO., LTD. was registered on 9/30/1998 under business registration number 16666109. Subject was founded as a private limited company. As of today, subject's authorized capital is NT$ 136,000,000 and paid up capital is NT$ 136,000,000.Subject employs almost 65 staffs in
Taiwan.Main operation(s) of subject includes Manufacturer of Solar Window Film.
|
Management Summary |
On Aug 10, 2017, Lee, Yi Jou, Rhoda, Specialist , submitted all information in this report. |
Financial Stress Score - FSS |
The Taiwan Financial Stress (TFS) Model predicts the likelihood of a firm ceasing business without paying all creditors in full, or re-organizing or obtaining relief from creditors over the next 12 months. Scores were calculated using a statistically valid model derived from D&B's extensive data files. |
Summary |
Financial Stress Class |
5 | 4 | 3 | 2 | 1 |
The Company | 99 |
High Risk | Low Risk |
Financial Stress Class (Highest Risk: 5 ; Lowest Risk: 1) |
: | 1 |
Relative Risk | : | Lower Than Average |
Incidence of Financial Stress Among Companies with this Classification: | : |
0.10% (10 per 10,000 cos) |
Incidence of Financial Stress - Taiwan Database Average | : | 2.10% (210 per 10,000 cos) |
Financial Stress Percentile | : | 99 |
(Highest Risk: 1 ; Lowest Risk: 100) |
Financial Stress Score | : | 1,566 |
(Highest Risk: 1,232 ; Lowest Risk: 1,600) |
Notes: |
1. | The Financial Stress Class indicates that this company shares some of the same business and |
financial characteristics of other companies with this classification. It does not mean the firm | |
will necessarily experience financial distress. | |
2. | The Financial Stress Percentile reflects the relative ranking of a company among all scoreable |
companies in D&B database. | |
3. | The Financial Stress Score offers a more precise measure of the level of risk than the Class |
and Percentile. It is specially helpful to customers using a scorecard approach to determine | |
overall business. | |
4. | All Financial Stress Class, Percentile, Score and Incidence statistics are based on latest |
analysis derived from D&B Taiwan database. |
Norm |
Financial Stress Class |
5 | 4 | 3 | 2 | 1 |
Subject Company | 99 |
Industry | 96 |
Employee Range | 88 |
Year in Business | 68 |
Subject Company | : | 99 |
Norms for companies in the same.... |
Industry | : | 96 |
(MFG MOTOR VEHICLE PARTS/ACCESSORIES) |
Employee Range | : | 88 |
(50-99) |
Year in Business Range | : | 68 |
(15-19) |
Key Comparisons: |
The subject company has a Financial Stress Percentile that shows: |
- | Lower risk than other companies in the same industry. |
- | Lower risk than other companies in the same employee size range. |
- | Lower risk than other companies with a comparable number of the years in business range. |
Payment |
As of AUG 18, 2017 |
D&B Paydex |
The Paydex for SICAN CO., LTD. is 80 |
This Paydex indicates that, within the past 12 months, payments to suppliers are generally Payments received within term weighted by TWN dollar amounts. |
The Paydex used by Dun & Bradstreet is a computer generated, 1 to 100 dollar-weighted numerical indicator of payment performance as reported to D&B. |
Paydex Payment Rating Manner 100 Anticipated 90 Discount 80 Prompt 70 Slow to 15 50 Slow to 30 40 Slow to 60 30 Slow to 90 20 Slow to 120 |
Payment Summary |
Industry Paydex based on | : | |
Industry Group Description | : | MFG MOTOR VEHICLE PARTS/ACCESSORIES |
No. of Paydex Cases in the Industry Group | : | 327 Firms |
Industry Quartiles
Upper 80 (Payments received within terms granted )
The above statements were obtained from the company personnel.
Public Filings
A search conducted in all courts including 1 Supreme Court, 6 High Courts, 20 District Courts, 29 Small Claims Tribunals and 5 Administrative Courts within Taiwan and Fu Chien reveals no court judgment been formed against the subject.
History
Paid up Capital $136,000,000 as of Aug 11 2017.
A search at the Board of Foreign Trade and Department of Commerce on Aug 10, 2017 confirmed the above registration and capital details.
Operations
Actual export value range full year 2016 was E . Actual import value range full year 2016 was K . Actual
export value range full year 2015 was E . Actual import value range full year 2015 was K . Actual export value range full year 2014 was E . Actual import value range full year 2014 was L . Actual export value range full year 2013 was G . Actual import value range full year 2013 was L . Actual export value range full year 2012 was F . Actual import value range full year 2012
was L . Actual export value range full year 2011 was B . Actual import value range full year 2011 was M . Actual export value range full year 2010 was E . Actual import value range full year 2010 was M . * Please refer to the "Appendix" at the bottom of this report for the table of value ranges.
©Copyright 2017 Dun & Bradstreet Int'l Ltd, Taiwan Branch If you have questions about this report, please contact your local D&B office. -- End of Report --
Median 80 (Payments received within terms granted )
Lower 80 (Payments received within terms granted )
80
The Company
Industry Median
80
For an in-depth details of each Payment Trade Record, please refer to the "Appendix" at the back of this report.
Banking
Non-Sufficient Fund & Blacklist
A search at the Taiwan Clearing House on 8/8/17
did not revealed subject as a "classified" account to be prohibited from operating check account in Taiwan.
Finance
Balance
Sheet (Fiscal/Thousands) (Fiscal/Thousands) (Fiscal/Thousands) ASSETS Dec 31, 2016 %of
TA Dec 31,
2015 %of TA Dec 31, 2014 %of TA Cash 44,420 14.42 40,551 23.72 25,703 15.57 Accounts
Receivables 38,610 12.53 24,683 14.44 32,503 19.70 Notes
Receivable 14,306 4.64 6,624 3.87 4,417 2.67 Other
Receivables 2,559 0.83 0 0.00 0 0.00 Inventory 65,073 21.12 64,590 37.78 74,368 45.07 Prepayment 3,317 1.07 2,999 1.75 3,394 2.05 Short Term
Investments 79,991 25.96 0 0.00 0 0.00 Other Current Assets 409 0.13 1,536 0.89 1,668 1.01 TOTAL CURRENT
ASSETS 248,685 80.72 140,983 82.48 142,053 86.10 Plant &
Equipment 67,211 21.81 50,084 29.30 51,170 31.01 Transportation
Equipment 7,193 2.33 5,838 3.41 1,193 0.72 Office
Furniture 3,634 1.18 2,292 1.34 3,151 1.91 Less Acc.
Depreciation -40,686 -13.20 -36,762 -21.50 -38,087 -23.08 Other Fixed
Assets 1,024 0.33 920 0.53 745 0.45 Prepayment for Equipment 6,310 2.04 3,061 1.79 0 0.00 TOTAL FIXED ASSETS 44,686 14.50 25,433 14.87 18,172 11.01 Other
Assets 6,361 2.06 4,453 2.60 4,702 2.85 Guarantee Deposit Paid 8,320 2.70 60 0.03 60 0.03 INVESTMENT & OTHER
ASSETS 14,681 4.76 4,513 2.64 4,762 2.88 TOTAL
ASSETS 308,052 100.00 170,929 100.00 164,987 100.00 LIABILITIES Dec 31,
2016 %of
TL&E Dec 31,
2015 %of
TL&E Dec 31,
2014 %of
TL&E Accounts Payable 59,706 19.38 33,232 19.44 25,159 15.24 Notes Payable 6,107 1.98 4,175 2.44 8,590 5.20 Bank
Loans 20,000 6.49 0 0.00 0 0.00 Advance Receipts 4,926 1.59 3,063 1.79 6,715 4.07 Accrued
Expenses 3,863 1.25 3,151 1.84 2,110 1.27 Other Current
Liabilities 80,015 25.97 12 0.00 4 0.00 TOTAL CURRENT LIABILITIES 174,617 56.68 43,633 25.52 42,578 25.80 TOTAL
LIABILITIES 174,617 56.68 43,633 25.52 42,578 25.80 SHAREHOLDERS'
EQUITY Dec 31,
2016 %of
TL&E Dec 31,
2015 %of
TL&E Dec 31,
2014 %of
TL&E Capital 136,000 44.14 136,000 79.56 136,000 82.43 Accumulated Profits/Loss -8,704 -2.82 -13,590 -7.95 -16,517 -10.01 Retained Earnings 6,139 1.99 4,886 2.85 2,926 1.77 TOTAL
EQUITY 133,435 43.31 127,296 74.47 122,409 74.19 EQUITY &
LIABILITIES 308,052 100.00 170,929 100.00 164,987 100.00
Profit & Loss Statement
(Fiscal/Thousands)
(Fiscal/Thousands)
(Fiscal/Thousands)
2016
%of Sales
2015
%of Sales
2014
%of Sales
Sales
368,224
100.91
319,066
100.06
326,930
100.03
Returns and Discounts
-3,331
-0.91
-210
-0.06
-124
-0.03
Net Sales
364,893
100.00
318,856
100.00
326,806
100.00
Cost of Goods Sold
-324,227
-88.85
-290,433
-91.08
-305,960
-93.62
Gross Profit/Loss
40,666
11.14
28,423
8.91
20,846
6.37
Net Operating Expenses
-36,199
-9.92
-24,723
-7.75
-19,300
-5.90
Total Operating Expenses
-36,199
-9.92
-24,723
-7.75
-19,300
-5.90
Operating Profit/Loss
4,467
1.22
3,700
1.16
1,546
0.47
Non Operating Income
2,689
0.73
3,381
1.06
1,663
0.50
Total Non-Operating Income
2,689
0.73
3,381
1.06
1,663
0.50
Non Operating Expenses
-1,018
-0.27
-1,999
-0.62
-282
-0.08
Total Non-Operating Expenses
-1,018
-0.27
-1,999
-0.62
-282
-0.08
Profit/Loss Before Tax
6,138
1.68
5,082
1.59
2,927
0.89
Profit/Loss After Tax
6,138
1.68
5,082
1.59
2,927
0.89
Net Profit(Loss) after Tax & Min. Interest
6,138
1.68
5,082
1.59
2,927
0.89
The above accounts were submitted by the company and filed with the local tax authority.
Key Ratios CAPTIAL STRUCTURE ANALYSIS Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 TOTAL DEBT/EQUITY RATIO
1.30
0.34
0.34 DEBT RATIO
0.56
0.25
0.25 LONG TERM FUNDS TO FIXED ASSETS(%)
298.60
500.51
673.61 LIQUIDITY ANALYSIS CURRENT RATIO
1.42
3.23
3.33 QUICK RATIO
1.05
1.75
1.58 OPERATING PERFORMANCE ANALYSIS NET SALES
GROWTH(%)
14.43
-2.43
0 NET PROFIT(LOSS) GROWTH(%)
20.77
73.62
0 WORKING CAPITAL TURNOVER(DAYS)
73.07
109.91
109.58 ACCOUNTS RECEIVABLE TURNOVER(TIMES)
6.57
10.18
8.85 DAYS SALES OUTSTANDING(DAYS)
54.73
35.34 40.67 PAYMENT PERIOD(DAYS)
73.07
46.36
39.70 AVERAGE INVENTORY TURNOVER(TIMES)
4.98
4.49
4.11 AVERAGE DAYS TO SELL INVENTORY(DAYS)
72.25
80.06
87.50 FIXED ASSETS TURNOVER(TIMES)
8.16
12.53
17.98 TOTAL ASSET TURNOVER(TIMES)
1.18
1.86
1.98 RETURN ON INVESTMENT ANALYSIS RETURN ON
ASSETS(%)
1.99
2.97
1.77 RETURN ON EQUITY(%)
4.60
3.99
2.39
Industry Median
Ratios 2016 2015 2014 TOTAL DEBT/EQUITY RATIO 0.97 0.92 0.94 DEBT RATIO 0.49 0.47 0.48 LONG TERM FUNDS TO FIXED ASSETS(%) 214.94 212.45 225.88 CURRENT RATIO 1.46 1.56 1.55 QUICK RATIO 1.09 1.10 0.97 ACCOUNTS RECEIVABLE TURNOVER(TIMES) 5.13 5.07 4.87 DAYS SALES OUTSTANDING(DAYS) 70.22 71.01 74.05 AVERAGE INVENTORY TURNOVER(TIMES) 4.33 3.67 3.77 AVERAGE DAYS TO SELL INVENTORY(DAYS) 83.23 98.06 95.40 FIXED ASSETS TURNOVER(TIMES) 2.46 2.34 2.64 TOTAL ASSET TURNOVER(TIMES) 0.72 0.67 0.73 RETURN ON ASSETS(%) 6.30 5.74 4.55 RETURN ON EQUITY(%) 12.91 11.65 8.83 EARNINGS PER SHARE(NTD) 3.28 2.57 1.76 Note: Industry median is calculated by using the data from 37 public companies' within the same industry as the subject. Financial Analysis
Current ratio of 1.42 indicated a healthy liquidity position with adequate current assets to back short-term liabilities.
Debt/equity ratio at 1.30 indicated that the company had financed its operations primarily with external sources of funds, but was not excessive.
Operations were conducted profitably with a net margin of 1.68%.
The net profit (after tax) of 6,138 thousands represented an 4.60% return on equity and a 1.99% return on total assets.
Suits
Collateral Records
A search conducted at Ministry of Economic Affairs has revealed no Collateral Record (s) as at present. Bidding Right Suspension
A search conducted at the Taiwan Governmental Authorities revealed the subject is not prohibited from bidding against Governmental projects currently.
Business Registration Subject is a private limited company which was registered in Taiwan on September 30 1998 under business registration number 16666109. Business was established in 1998.
Authorized Capital $136,000,000
Special Events
Change in Shareholder Structure Shareholders
Shares
Chen, Hung Ju, Jeff 85.29%
Others 14.71%
Total 100%
Management Principals Chen, Hung Ju, Jeff / GENERAL MANAGER
Primary Executive
Name
:
CHEN, HUNG JU, JEFF
Title
:
General Manager
Gender
:
male Active in Operation
:
Yes
Line of Business
Manufacturer of Solar Window Film
Line of Products & Services
:
Automotive window films
65%
Commercial/Residential window films
35%
SALES TERRITORY
Local & International Local
: 40% International
: 60%
PURCHASES
Local Local
: 100% Following are the subject's annual export/import value range records posted by the Bureau of Foreign Trade, R.O.C.
Customer Types Type by Percentage
Summary List of Account Names Major customers include Euro Crown Industrial Co. Limited Taiwan Branch (Hong Kong).
Major suppliers include Nan Ya Plastics Corporation. Other suppliers include Shinkong Synthetic Fibers Corp.. Purchasing And Selling Terms
Purchasing Terms : Post Dated Checks
30-60days T/T
Selling Terms : Post Dated Checks
30-60days T/T
Number Of Employees : 65 (Total) Location
Subject is located in an industrial area. Subject rents premises at the above captioned address 300 pings (990 sq.m.), used as its office and factory.
Affiliated Companies
At the time of this report, subject is not known to be affiliated or related with any company.
Appendix D&B Rating The D&B rating of 3A1 indicates a tangible net worth between $25,000,000 and $249,999,999 and an overall credit condition which is considered Minimal
risk. D&B Rating Table: Taiwan *Financial Strength In: New Taiwan Dollars
Financial Strength Based On:Tangible Net Worth or Capital
Financial Strength Indicators: Range
Net Worth Capital FROM TO
5A 5AA $1,500,000,000 And above
4A 4AA $250,000,000 $1,499,999,999
3A 3AA $25,000,000 $249,999,999
2A 2AA $20,000,000 $24,999,999
1A 1AA $15,000,000 $19,999,999
A AA $10,000,000 $14,999,999
B BB $5,000,000 $9,999,999
C CC $3,000,000 $4,999,999
D DD $2,000,000 $2,999,999
E EE $1,000,000 $1,999,999
F FF $750,000 $999,999
G GG $500,000 $749,999 H HH $0 $499,999
Alternate Ratings Used
N Financial Strength is negative
O Financial Strength is undisclosed
NB New Business: Less than 24 months
NQ Out of Business: Business has ceased to trade
BR Branch or division location.
DS Indicates that only brief partial information is currently available on the company, and a full investigation will be conducted once an enquiry is
placed.
INV Indicates that D&B is currently conducting an investigation to gather the most current details. Composite Conditions 1 Minimal risk 2 Low risk 3 Risk slightly higher than average 4 High
risk - Undetermined risk
Taiwan Financial Stress Model
The Financial Stress model assigns three measurements of risk:
1.
A "Class" of 1 - 5, which is a segmentation of the scoreable universe into five
distinct risk groups where a one (1) represents businesses that have the lowest
probability of financial stress, and a five (5) represents businesses with the
highest probability of financial stress. This Class enables a customer to
quickly segment their new and existing accounts into various risk segments to
determine appropriate marketing or credit policies.
2.
A "Percentile" of 1 - 100, where a 1 represents businesses that have the
highest probability of financial stress, and a 100 which represents businesses
with the lowest probability of financial stress. This Percentile shows you
where a company falls among businesses in the D&B database, and is most
effectively used by customers to rank order their portfolios from highest to
lowest risk of business failure.
3.
A "Financial Stress Score" of 1,232 - 1,600, where a 1,232 represents
businesses that have the highest probability of financial stress, and a
1,600 which represents businesses with the lowest probability of financial
stress. As this score is derived directly from the scorecard, it offers a
more precise measure of the level of risk than any other measurements of
risk as it shows the exact score from the scoring algorithm. The D&B
Financial Stress Score is especially useful to customers using computerized
decision systems to determine overall business performance.
Export/Import Value Range Table
A 10 USD million & up
B 9~10 USD million
C 8~9 USD million
D 7~8 USD million
E 6~7 USD million
F 5~6 USD million
G 4~5 USD million
H 3~4 USD million
I 2~3 USD million
J 1~2 USD million
K 0.5~1 USD million
L 0~0.5 USD million
M 0
Payment Trade Records EXP. DATE PAYING RECORD HIGH CREDIT NOW OWES PAST DUE TERM SALE 30/6/2017
PROMPT
20,000 10,000 0 EOM
90
15/6/2017
30/6/2017
PROMPT
7,500 7,500 0 NET 23/6/2017
30/6/2017
PROMPT
10,000 10,000 0 EOM
30
23/6/2017
31/5/2017
PROMPT
20,000 5,000 0 EOM
90
15/5/2017
30/4/2017
PROMPT
20,000 5,000 0 EOM
90
15/4/2017
30/4/2017
PROMPT
10,000 10,000 0 EOM
45
15/4/2017
30/4/2017
PROMPT
5,000 5,000 0 EOM
30
15/4/2017
31/3/2017
PROMPT
20,000 10,000 0 EOM
90
15/3/2017
31/3/2017
PROMPT
7,500 7,500 0 NET 4/3/2017
31/3/2017
PROMPT
5,000 2,500 0 EOM
30
15/3/2017
28/2/2017
PROMPT
20,000 10,000 0 EOM
90
15/2/2017
28/2/2017
PROMPT
7,500 7,500 0 NET 12/2/2017
28/2/2017
PROMPT
5,000 5,000 0 EOM
30
15/2/2017
31/1/2017
PROMPT
10,000 10,000 0 EOM
45
15/1/2017
31/1/2017
PROMPT
20,000 5,000 0 EOM
90
15/1/2017
31/12/2016
PROMPT
7,500 7,500 0 NET 16/12/2016
31/12/2016
PROMPT
20,000 10,000 0 EOM
90
15/12/2016
30/11/2016
PROMPT
20,000 5,000 0 EOM
90
15/11/2016
31/10/2016
PROMPT
20,000 5,000 0 EOM
90
15/10/2016
30/9/2016
PROMPT
20,000 10,000 0 EOM
90
15/9/2016
30/9/2016
PROMPT
7,500 7,500 0 NET 3/9/2016
31/8/2016
PROMPT
20,000 10,000 0 EOM
90
15/8/2016
31/8/2016
PROMPT
7,500 7,500 0 NET 13/8/2016
The above payment record reflects how accounts are paid in relation to the terms granted. SLOW30, for example, indicates a 30 day term where 30 additional days are taken. In some instances, payment beyond terms can be the result of disputes over merchandise, lost invoices, etc. (JK /JE /81017)
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