MIRA
INFORM REPORT
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Report Date : |
27th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
QUALCOMM MEMS TECHNOLOGIES TAIWAN LTD |
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Registered Office : |
8fl-1, 29 Pu Ting Rd Hsinchu City 300, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
June 3, 2005 |
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Com. Reg. No.: |
27807133 |
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Legal Form : |
Private Company |
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Line of Business : |
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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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Status : |
New
Company |
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
name & address
QUALCOMM
MEMS TECHNOLOGIES TAIWAN LTD
8FL-1, 29 PU TING RD HSINCHU CITY 300, TAIWAN
TEL:886-3-5668700
FAX:886-3-668622
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 3, 2005
REGISTRATION NO. :
27807133
LEGAL FORM :
PRIVATE COMPANY
CHIEF EXECUTIVE :
MR. KAI-TEH WEI (CHAIRMAN)
STAFF STRENGTH :
50
CAPITAL :
US$ 156,250
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE :
SMALL AMOUNT
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE : TWD 32.6462 = US$1 AS OF 2006-6-27
*Company Registration*
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License number : 27807133
Date issued : 3 June, 2005
Issuing authority : Ministry of Economic Affairs (MOEA)
*Office & Facilities*
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Size : 172 sq. meter
Location : Hsinchu City
Property status : Rented
Type of building : Commercial building
Comments : Serves as office and warehouse.
Other tel number : 3-25668722
*Corporate & Organization Structure*
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A medium sized company operated and managed by the owner.
*Reputation*
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Due to the recent incorporation of the firm, no meaningful points of reference in terms of reputation within the respective industry was possible.
Web site: www.qualcomm.com/qmt/index.html The design is professional and the content is well organized. At present it is in English version.
Email : t_miau@qualcomm.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name % of Shares
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Mr. Kai-teh Wei 99.00
Management : Mr. Kai-teh Wei, General Manager
*Key Personnel*
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Mr. Kai-teh Wei
Founder : Sole Founder
Work experience : More than 5 years.
Responsibilities : Handles the daily operation of the firm including all financials and legal matters.
Resident status : Taiwan
*Main Products & Services*
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Specializes in the following areas of work :
1. Mainly engaged in the trading of iMoD display components that are fully compatible with existing LCD module integration techniques.
2. Also provide communication and equipment maintenance services.
Products : Communications
Equipment maintenance
Mobile communications
Wireless business solutions
Telecommunications
*Payment Terms*
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Sales
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Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : Cash
30-90 days credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
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The following locally based firms supply similar range of products:
- FUJIYAMA ENTERPRISE CORP
- SIEMENS TELECOMMUNICATION SYSTEMS LTD
- SONY ERICSSON MOBILE
- PANASONIC SYSTEMS SALES (TAIWAN) CO LTD
*Local Distribution Network*
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99% of the annual turnover is attributed to
local sales.
*Export Markets*
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1% of the annual turnover is attributed to
export.
SC is not
known to have any subsidiary at present.
PAYMENT RATING :4 OBTAINED SCORES : 35
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Rating
Key |
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 SMALL amounts depending on individual judgement experience.
As a private limited company with a paid-up capital of less than USD 6 million, there is no legal requirement according to Taiwan corporate law for public disclosure of detailed financials.
Additionally as the company was only
established one (1) year ago no financials have been lodged.
Bank: BANK OF AMERICA NT & SA
*Bank Details*
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Bank name : BANK OF AMERICA NT & SA
Branch : Taipei
Account number : 34347050
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2005 $2,000,000.00 $300,000.00 $2,300,000.00
SC is considered small-sized in its line with a short history. Credit dealings with SC in small amount appear acceptable at present.
Attached: trade references
SIC PRODUCT CLASSIFICATION &
ACTIVITY
Activity Code Product/Service Description
Service 4813 Phone Communications
Service 4899 Communications Svcs, NEC
Trading 3575 Computer terminals
Trading 3613 Switchgear and switchboard apparatus, and parts,
Trading 3661 Telephone and telegraph apparatus, and parts,
Trading 3669 Other communications equipment, and parts,
Trading 5045 Computers Equip/Software
Trading 7372 Prepackaged Software
HARMONIZED PRODUCT CLASSIFICATION
& ACTIVITY
Activity Code Product/Service Description
Service 9964 Telecommunications maintenance
Service 9965 Telecommunications carrier
Trading 8471 Automatic data process machines; magn reader, etc. computer hardware
Trading 8500 Electrical machinery & equip. & parts; telecommunications equip., sound
recorders, television recorders
Trading 8517100000 Telephone sets
Trading 8517302500 Electronic key telephone systems
Trading 8517408010 Modems (modulator-demodulator apparatus)
Trading 8517905800 Parts for telephonic apparatus for switching or terminal apparatus (other
than telephone sets)
Trading 8518401000 Line telephony audio frequency amplifier repeaters
Trading 8525205000 Cordless handset telephones
DETAILED PRODUCT CLASSIFICATION &
ACTIVITY
Activity Product/Service Description
Trading CDMA integrated circuits
Trading CDMA technologies
Trading Computer terminals
Trading Digital cinema
Trading IMod display components
Trading LAN software
Trading Wireless communication headset
Trading Wireless application platforms
Trading Testing equipment
Trading Telecommunication technology
INTERNATIONAL TRADE : ACTIVITY &
MARKETS
Exporting to Asia
Importing from Asia
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |