MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
DOUBLE ADVANCE TECHNOLOGY LTD |
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Registered Office : |
6FL, |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
June 18, 1996 |
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Com. Reg. No.: |
97090225 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importing range of PC related equipment
and components, as well as supply testing system and services. Export and domestic sales of its purchased products for their
customer. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Up To US$ 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
DOUBLE ADVANCE TECHNOLOGY LTD
6FL,
TEL : 886-2-25960696
FAX : 886-2-25960697
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 18, 1996
REGISTRATION NO. :
97090225
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. BENJAMIN PING-CHANG LIN (CHAIRMAN)
STAFF STRENGTH :
11
CAPITAL :
US$ 1,510,574
BUSINESS LINE :
TRADER
TURNOVER :
US$ 2,161,426.84 (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.7584 = US$1 AS OF 2007-6-22
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*
===================
License number : 97090225
Date issued : 18 June,
1996
Issuing authority : Ministry of
Economic Affairs (MOEA)
*Office & Facilities*
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Size : 138 sq
meters (Approx.)
Location : Central Business District (CBD)
Property status : Rented
Type of building : Residential
building
Other Contact Details
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Tel no. : 2-25960470
Email :
viviene.tuan@2a.com.tw
*Corporate & Organization Structure*
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A small-sized company mainly operated and managed by the owner of the
firm.
*Factories, Size & Locations*
======================
The company is a trading house focused on importation of overseas
products and maintains no manufacturing facilities.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
Web
site:
www.2a.com.tw The design is
professional and the content is well organized. At present it is in Chinese
version.
Email : sales@2a.com.tw
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. Benjamin Ping-chang Lin 99.00
Undisclosed Shareholder 1.00
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Ms. Ying-kuei Lin Taiwanese
Executive Sales
Mr. Wei-kang Tsai Taiwanese
Engineer -
Mr. Benjamin Ping-chang Lin Taiwanese
General Manager -
*Key Personnel*
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Mr. Benjamin Ping-chang Lin
Founder : Sole
founder
Resident status :
Work experience : More than 10 years.
Responsibilities : Handles the
daily operation of the firm including all financial and legal matters
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing range of PC related equipment
and components, as well as supply testing system and services.
2. Export and domestic sales of its purchased products for their
customer.
Products : Signal generator
DTV
broadcasters
Digital
translators
Electric synchronizers
Modems
*Payment Terms*
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Sales
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Local : 30-60 days credit.
Export : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Purchases
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Local : 30-60 days credit.
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
*Competitors*
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The following locally based companies supply similar range of products:
- GETSWEET INC
- NUVISION TECHNOLOGY INC
- GODOT TECHNOLOGY INC
- QSTARZ INT'L CO LTD
- FDS CALL CENTRE TECHNOLOGY (
*Exhibition Participation*
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Participated in the following local exhibitions :
Exhibition fair :
Dates attended : 25-29 April, 2002
Location :
Exhibition fair :
Date attended : 26-29 August,
2004
Location :
*Local Distribution Network*
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Approximately, 80% of the annual turnover is attributed to local
sales.
*Overseas Suppliers*
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Supplier's name : KTECH
TELECOMMUNICATIONS INC
Country :
Materials/Component : DTV
Broadcasters
*Domestic Customers*
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Major local customers include:
- CHUNGHWA TELECOM CO LTD
- Wireless and wired television (or TV) stations
- Electronics factories
*Export Markets*
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Approximately, 20% of the annual turnover is attributed to export.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 60
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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.
*Bank Details*
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Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,
Branch Address :
SWIFT Code : CCBCTWTP
Bank Name : FIRST COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address : 10Fl,
SWIFT Code : FCBKTWTP
As a private limited company with a paid-up capital of less than US$ 6
million, there is no legal requirement according to
Although financial summaries were obtained for reference.
*Financial Summary (Currency:
================================
Year Sales Net Income
2006 US$ 2,161,426.84 US$
362,756.95
*Int´l Trade Activity (Currency:
================================
Year Imports Exports Total
2004 US$ 1,731,000.00 US$
135,000.00 US$ 1,866,000.00
2005 US$ 1,281,000.00 US$ 226,000.00 US$ 1,507,000.00
2006 US$ 1,617,000.00 US$ 434,000.00 US$ 2,051,000.00
SC is considered small-sized in its line with a development history of
11 years. It is considered a credit line up to US$ 100,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3621 Electric
motors, generators, generator sets, rotating converters, and parts and
accessories
Importing 3669 Other
communications equipment and parts
Trading 3571 Electronic
computers
Trading 3577 Computer
peripheral equipment and parts
Trading 3600 Electronic
& Electric Equip.
Trading 3669 Other
communications equipment and parts
Trading 5065 Electronic
Parts/Equip, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8543200000 Signal
generators
Importing 8473300000 Parts
and accessories for automatic data processing machines and units
Importing 8500 Electrical
machinery & equip. & parts; telecommunications equip., sound
recorders,
television recorders
Importing 8504400004 Power
supplies (rectifier type) of a rated power output not exceeding 50 w
Importing 8517501000 Modems
(modulator-demodulator apparatus) of a kind used with data processing
machines
of heading 8471
Importing 8543894000 Electric
synchros, transducers, fight data recorders, defrosters or demisters with
electric
resistors for aircraft
Importing 9030400000 Other
instruments and apparatus, specially designed for telecommunications (for
examle,
cross-talk meters, gain measuring instruments etc)
Importing 9030890000 Other
instruments and apparatus without a recording device for measuring or
checking
electrical quantities
Trading 8471 Automatic data process machines;
magn reader, etc. computer hardware
Trading 8473 Parts
etc for typewriters & other office machines computer accessories
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Importing Power supplies
Trading Broadband equipment
Trading Broadcasting equipment systems
Trading VSAT network system
Trading Voice network systems (SATCOM)
Trading VSAT data
Trading Multi components systems
Trading Electronic audio products
Trading Digital broadcasting system
Trading Digital microwave systems
INTERNATIONAL TRADE : ACTIVITY & MARKETS
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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%)