MIRA
INFORM REPORT
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Report Date : |
09.07.2007 |
IDENTIFICATION DETAILS
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Name : |
ELECTRO MEDIA ( |
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Registered Office : |
1FL, |
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Country : |
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Date of Incorporation : |
July 24, 2002 |
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Com. Reg. No.: |
80216571 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of light emitting diodes and components for advertising board. Export and domestic sales. |
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 : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
name &
address
ELECTRO MEDIA (
1FL,
TEL : 886-6-5816119
FAX : 886-6-5816754
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 24, 2002
REGISTRATION NO. :
80216571
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MS. YIN-HSUEH CHEN (CHAIRMAN)
STAFF STRENGTH : 5
CAPITAL :
US$ 30,211
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
FAIR
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.76300 = US$1 AS OF 2007-7-9
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –
*Company Registration *
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License number : 80216571
Date issued : 24 July,
2002
Issuing authority : Ministry of
Economic Affairs (MOEA)
*Office & Facilities*
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Size : 65 sq
meter (Approx)
Location :
Property status : Rented
Type of building : Commercial
building
*Factories, Size & Locations*
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The company is a trading house and maintains no manufacturing
facilities.
*Corporate & Organization Structure*
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A small-sized company mainly operated and managed by the owner.
*Reputation*
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Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
Web
site: www.electromedia-intl.com
The design is professional and the content is well organized. At present
it is both in Chinese and English versions.
E-mail: twwpsales@electromedia-intl.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name
No of Shares
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Ms. Yin-hsueh Chen
250,000
*Key Personnel*
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Ms. Yin-hsueh Chen
Founder :
Sole-founder
Work experience : More than 5
years.
Responsibilities : Daily
operation of the firm including all financial and legal matters
Resident status :
*Main Products & Services*
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Specializes in the following areas of work :
1. Trading of light emitting diodes and components for advertising
board.
2. Export and domestic sales.
Products: Advertising board components
Diodes
Electronic display
modules
Electronic display
panels
Indoor video
scoreboards
*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)
Purchase
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Local : 30 - 90 days credit
*Competitors*
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The following locally based companies supply similar range of products:
- SHOKY ELECTRONICS CO LTD
- GRATECO ENTERPRISE CO LTD
- ACE DRAGON CORP
- ANJIUN ELECTRONICS CORP
- BRIGHTKING INC
*Local Distribution Network*
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10% of the annual turnover is attributed to local sales.
*Export Markets*
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90% of the annual turnover is attributed to export.
*Overseas Customer*
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Customer's name : ELECTROMEDIA INT'L INC
Country :
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : GISOLUTION CO LTD
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Electronic Products & Components
PAYMENT RATING : 4 OBTAINED SCORES : 41
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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 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 local corporate law for
public disclosure of detailed financials.
*Bank Details*
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Bank name : TAIWAN
COOPERATIVE BANK
Branch :
Account no : 1058-665-023691
Swiftcode : TACBTWTP
*Financial Summary (Currency:
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Year Sales Assets Net Income
2006 $173,216.44 n/a -$12,998.79
*Int´l Trade Activity (Currency:
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Year Imports Exports Total
2004 $0.00 $330,000.00 $330,000.00
2005 $0.00 $0.00 $0.00
2006 $0.00 $140,000.00 $140,000.00
SC is
considered small-sized in its line locally. With regard to its size of
operation and limited growth potential, credit should be confined to small
amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3613 Switchgear
and switchboard apparatus, and parts,
Trading 3600 Electronic
& Electric Equip.
Trading 3679 Electronic
components,
Trading 5065 Electronic
Parts/Equip, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8537100020 Switchgear
assemblies and switchboards for a voltage not exceeding 1000 v
Trading 8531200040 Indicator
panels incorporating light emitting diodes (led's)
Trading 8541 Semiconductor
devices; light-emit diodes etc, parts
Trading 8541100070 Diodes,
other than photosensitve or led, with a maximum current of 0.5 a or less
Trading 8542 Electronic
integrated circuits & microassembl, parts
Trading 8543 Electrical
mach etc, with
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Electronic
display panels
Trader Light emitting
diodes (LED)
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)