MIRA
INFORM REPORT
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Report Date : |
21.03.2007 |
IDENTIFICATION
DETAILS
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Name : |
YOKO TECHNOLOGY CORP |
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Registered Office : |
199 Li Teh St Panchiao City Taipei Hsien 220 |
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Country : |
Taiwan |
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Financials (as on) : |
31.12.2005 |
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Date of Incorporation : |
MAY 20, 1992 |
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Com. Reg. No.: |
86664884 |
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Legal Form : |
Public Listed Company |
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Line of Business : |
Research and development of technologies related to CCTV
systems. Manufacturing of various types of camera, components and
accessories. Selling to both domestic and international markets of
products produce by the firm. |
RATING &
COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 3,000,000 |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
YOKO TECHNOLOGY CORP
199 LI TEH ST PANCHIAO CITY TAIPEI HSIEN 220, TAIWAN
TEL : [+886] 2-82286161
FAX : [+886] 2-82286880
EXECUTIVE SUMMARY
INCORPORATION DATE :
MAY.20, 1992
REGISTRATION NO. :
86664884
LEGAL FORM :
PUBLIC LISTED COMPANY
CHIEF EXECUTIVE :
MR. PAUL CHIN-HSIANG WANG (CHAIRMAN)
STAFF STRENGTH : 284
CAPITAL :
US$ 45,941,807
BUSINESS LINE :
MANUFACTURING
TURNOVER :
TND2,079,361,000 (AS OF DEC. 31, 2005)
EQUITIES :
TND1,416,226,000 (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE :
USD 3,000,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.20500 = US$1 AS OF 2007-3-21
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*Company History*
===============
1992 - Launched the first B/W Sony 1/2"
CCD Camera.
1994 - Launched B/W Sony 1/3" CCD
Camera.
1995 - Took the lead in
launching Color Sony 1/2" CCD Camera and developed B/W Samsung
1/3" CCD Camera.
1996 - Purchased a plant of 14,360 square
feet on Sze-Chuan Rd, Pan Chiao.
1997 - Developed Color and B/W High-resolution Camera,
Hidden Camera and Mini Camera.
1998 - Launched Sony 1/4" CCD Camera and
B/W CMOS Camera.
- Launched complete DIY IR
Detection Surveillance System.
- Entered
the category of audio & video processing equipment and successfully
developed economical B/W 4CH Quad Processor.
1999 - Public issuance of stocks was approved.
- Purchased
additional plant of 14,360 square feet and built additional automated
production lines.
-
Subsequently developed Color 4CH Quad Processor, Bullet Camera and Camera with Line
Lock or IR functions.
- Developed Color and B/W Sony
1/3" CCD Camera series.
2000 - Established three
subsidiaries for additional business locations; leased additional space of
14,360 square feet on 9F of the same building to accommodate operation.
- Subsequently developed Color
and B/W Multiplexer.
2001 - Became a public listed company on OTC
market.
- Developed high-end
Low-illumination Color EX-View Sony 1/3" CCD Camera, Day/Night Camera,
2.4GHz Wireless Surveillance System and Color 5.6" TFT LCD Monitor.
- Entered into Digital Video
Recorder (DVR) in surveillance.
2002 - Established YOKO
(SUZHOU) LTD in Mainland China for developing the potential China
market.
- Developed
Stand-alone DVR, Vari-focal Camera, 22X Power Zoom Camera and Mini 10M
Out-door
Waterproof IR Camera.
2003 - Issuance NTD 300
million of convertible bonds for constructing the new headquarters and
factory to satisfy all we needs in the future.
- Developed
Remote Control DVR, Mobile DVR, HDD Box, Speed Dome Camera, Auto
Focus
Zoom Camera, Vandal-proof Camera and Mini Camera.
2004 - Taiwan's Finance
Ministry's Security & Futures Committee permits YOKO CORP to go
public in
2004.
- Developed economical MPEG4
Stand-alone DVR.
- Developed Ultra-Mini Camera,
Portable DVR, 100x Microscope Camera.
2005 - Developed all new
designed High-End MPEG4 and MJPEG Stand-alone DVR.
- Developed Medium 20M Out-door IR Camera
and Vandal-proof IR Camera.
- YOKO's
SecuMate Portable DVR was a finalist in the category " Best new
communication
product
" of 2005 IFSEC Security Industry innovation Awards.
2006 - Assessed and full
compliance with the requirements of SGS GPIP CRITERIA for the
design,
development, manufacturing and sales of video surveillance products regarding
restriction of the use of certain hazardous substances (RoHS).
*Company Name*
=============
Previous name :
IOU KEH ELECTRONIC CO LTD
Changed name to :
YOKO TECHNOLOGY CORP
Year of change :
2000
*Company Registration*
===================
License number :
86664884
Date issued
: 20 May, 1992
Issuing authority
: Ministry of Economic Affairs (MOEA)
*Capital Details*
============
Initial authorized capital : NTD 5,000,000.00
Authorized capital increases as follows :
Date Amount (NTD)
------- --------------------
February 2006
1,000,000,000.00
August 2006
1,500,000,000.00
Initial paid-up capital : N/A
Paid-up capital increases as follows :
Date Amount (NTD)
------- --------------------
1998 21,000,000.00
1998 130,000,000.00
1999 170,000,000.00
2000 194,000,000.00
July 2001 244,200,000.00
July 2002 323,000,000.00
August 2003 429,250,000.00
October 2003 439,901,450.00
February 2004
440,512,440.00
April 2004 441,245,590.00
June 2004 601,412,130.00
July 2004
601,860,140.00
October 2004
602,614,280.00
February 2005
602,893,600.00
April 2005 604,374,010.00
July 2005 604,820,920.00
August 2005
740,399,640.00
February 2006
746,073,360.00
August 2006
913,288,030.00
*Office & Facilities*
================
Size : 1,435 sq. meter (Approx.)
Location
: Outer suburb of Taipei city
Facilities : Modern
Property status
: Owned by YOKO TECHNOLOGY CORP.
Type of Building
: Industrial building
Comment
: Serves as office
R & D employees
: 22
Other Contact Details
-----------------------------
E-mails :
amanda@yoko-tech.com
elaine@yoko-tech.com
christine@yoko-tech.com
Tel nos :
2-22222540, 22229172,22229807
Previous Contact Details
-----------------------------------
(1)
Address
: Takuan Rd, Pan Chiao, Taipei County
Year of relocation : 1993
(2)
Address
: Hsinyi Rd, Pan Chiao
Size
: 7,180 square feet
Year of relocation : 2005
(3)
Address
: 6Fl, 10, Lane 16, Szechuan Rd Section 2 ,Panchiao City
Tel no
: 2-29571661
Fax no
: 2-29570609
Size
: 7,500 square meters
Year of relocation : 2006
*Factories, Size & Locations*
======================
Size
: 8,084 sq. meter (Approx.)
Location
: Outer suburb of Taipei city
Facilities
: Modern
Type of Building
: Industrial building
Property status
: Owned by YOKO TECHNOLOGY CORP.
Comment
: Factory address is the same as the head office location.
*Corporate & Organization Structure*
=============================
Organizational Chart
-----------------------------
Board of Directos
|
|------Auditing office
|
Chairman
|
President
|
Pres.
office------|
___________________________|___________________________
| |
R&D
Div
Production Div
Sales Div Adm Div
|-R&D
Support Dept. |-Production Sec.
II |-Sales Sec. III |-ADM Dept
|-Mechanic
Dept. |-Production Sec.
I |-Sales Sec. II |-MIS Office
|-R&D
Section II |-Material
Dept. |-Sales Sec. I |-Financial Dept.
|-R&D Section I |-Purchasing Dept. |-Marketing Dept. |-Investment Mgnt.
|-QA
Dept. Office
*Industry Ranking*
===============
Generally regarded as one of the Top 1000 Companies in
Manufacturing Industry of Taiwan.
Details of rank are as follows:
Year Rank
-------
---------
2002 929
2003 795
2004 788
2005 719
*Auditors*
=========
KPMG Cerified public accountants
*Registrar*
=========
SINOPAC SECURITIES CORP
Stock market code : 6131
*Licenses & Permits*
================
License number :
9969488200
Date issued
: 1 December, 2005
Issuing authority : Industrial Development Bureau, MOEA
Type of license :
Factory license
*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.yoko-tech.com The design is professional and the content
is well organized. At present it is both in Chinese and English version.
Email : yoko@yoko-tech.com
For the past 15 years there is no record of litigation.
*Major Shareholders*
================
Shareholders' Name No of Shares
------------------------- -----------------
Ms. Shu-ching, Lee 7,152,583
Mr. Chin-hsiang Wang 6,783,159
Mr. Chieh-chen, Chen 1,369,532
Mr. Chin-chuan, Tsai 923,836
Mr. Chin-li, Wang 442,536
Mr. Chin-hsin, Wang 299,312
Mr. Teh-chun, Wu 239,617
Mr. Yung-chang, Tsan 19,966
Mr. Chu-hung, Liu 0
Mr. Shen-yu, Tsai 0
Management : Mr. Min-hsien Tsai, Director
Mr. Tommy Shan-chuang Ho, Manager
Ms. You, Executive
Name Nationality Job Description
Mr. Min-hsien Tsai Taiwanese Director (Administration )
Mr. Tommy Shan-chuang Ho Taiwanese Manager (Finance )
Ms. You Taiwanese Executive (Human
Resources)
Mr. Chin-chuan Tsai Taiwanese Manager (R&D)
Mr. Frank Cheng-hsien Chiang Taiwanese Assist. Supervisor
Mr. Chi-ming Chen Taiwanese General Manager
Mr. Paul Chin-hsiang Wang Taiwanese Partner
Mr. Victor Cheng Taiwanese Representative
*Key Personnel*
=============
(1)
Mr. Paul Chin-hsiang Wang
Responsibility :
Handles the overall management of the company
(2)
Mr. Frank Cheng-hsien Chiang
E-mail : frank26@yoko-tech.com
(3)
Mr.Tommy Shan-chuang Ho
E-mail : tommy@yoko-tech.com
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Research and development of technologies related to CCTV
systems.
2. Manufacturing of various types of camera, components and
accessories.
3. Selling to both domestic and international markets of
products produce by the firm.
Products : CMOS camera
Cameras
Cameras, black & white
Ccd
cameras
Color monitors
Brand : Yoko
*Payment Terms*
=============
Sales
------
Local : Cash or
Credit
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
--------------
Local : Cash or
Credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
===========
The following locally based firms supply similar range of
products:
- ACULA TECHNOLOGY CORP
- VTC ELECTRONICS CORP
- DYNACOLOR INC
- NATIONAL TECHNIC EQUIPMENT CO LTD
- VIDEO ATTILA ENTERPRISE CORP
*Quality Certification*
==================
Obtained the following certifications:
(1)
Type of certification : ISO 9002
Issuing authority
: TUV
Year of certification
: 1997
(2)
Type of certification
: ISO-9001:2000
Issuing authority
: TUV
Year of certification
: 2002
Obtained certification from the following issuing
authorities :
- CE
- TUV
- FCC
- BSMI
*Exhibition Participation*
====================
Participated in the following local exhibitions :
(1)
Exhibition Fair :
Taipei International Electronics Show
Location :
Taipei World Trade Center Exhibition Hall
Date Attended :
25-28 October, 1999
(2)
Exhibition Fair :
Taipei International Electronics Show 2000
Location :
Taipei World Trade Center - Exhibition Hall
Date Attended :
17-20 October, 2000
(3)
Exhibition Fair :
Computex Taipei 2001
Date Attended : 4-8
June, 2001
Location :
Taipei World Trade Center - Exhibition Hall
(4)
Exhibition fair :
Secutech 2001
Date attended :
5-7 May 2001
Location :
Taipei World Trade Center - Exhibition Hall
(5)
Exhibition fair :
TAITRONICS - Finished Products Show
Date attended :
16-20 October, 2002
Location :
Taipei World Trade Center - Exhibition Hall
(6)
Exhibition fair :
SecuTech Expo 2002
Dates attended : 13-15
March, 2002
Location
: Taipei World Trade Center - Exhibition Hall
Details
: International Exposition on Total Security Solutions - Security, Fire,
Safety and Info Security
*Detailed Product Specifications*
==========================
(1)
16-Channel Color
Duplex Multiplexer
Features:
- full duplex
operation
- refresh rate:
60 fields/sec.
- motion
detection
- optional
control keyboard
(2)
CCD Camera (Color)
Features:
- 1/3"
D.S.P. Color CCD Camera (380 lines TV lines: AES, BLS, DC/video driver)
- 1/3"
Hi-res D.S.P. Color CCD Camera ( 470 TV lines: AES, BLS, DC/video driver)
(3)
CCD Camera (B/W)
Features:
- 1/3" B/W
CCD Camera (420 TV lines: AES, BLS, DC/video driver, line lock-YK775)
- 1/3" Hi-Res B/W CCD Camera (600 TV
lines AES, BLC, DC/video driver, line lock-YK777V)
(4)
VIDEO to VGA Converter
Features:
- converter
video signal to VGA monitor
- high
resolution 700 TV lines
(5)
CCTV Lens
Features:
- 1/3" Economic
Lens (Optional: 2.5, 3.6, 4.3, 6, 8, 12, 16mm)
- 1/3"
Vari-Focal (Lens: 3.5-6mm)
*Awards*
========
(1)
Award :
The Outstanding Security Equipment Prize of second session of Taiwan
Awarded by : N/A
Year :
2000
Details :
For YOKO's Intelligent Color 4CH Quad Processor
(2)
Award :
Taiwan security and surveillance top 10 DVR and Camera brands
Awarded by : N/A
Year :
2006
Details :
YOKO Tech has been awarded for the following honors, No. 6 of the DVR and No. 5
of the camera brand ranking.
*Domestic Customers*
=================
- SONY TAIWAN LTD
*Local Distribution Network*
=======================
30% of the annual turnover is attributed to local sales.
*Export Markets*
==============
70% of the annual turnover is attributed to export.
Breakdown of export are as follows :
Country
% of Exports
----------- ----------------
Asia 22.14
Europe 15.47
America 29.16
Other 3.57
*International Trade Ranking*
========================
The firm has been ranked among Taiwan's Top
Importers/Exporters based on the standard measured by the Board of Foreign
Trade (BOFT) :
Details of rank are as follows :
Year
Rank
-----
---------
2005
773
*(Subsidiaries , Joint-ventures & Affiliates)
=================================
Company Name : ARCVISION INVESTMENTS LTD
Country : Samoa
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Service
Industry : Financial Services - General
Company Name : ARCVISION TECHNOLOGY CORP
Country : USA
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : SHUTTLE LOGIC TECHNOLOGIES INC
Country : Taiwan
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : YOKO (SHENZHENG) LTD
Country : China
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Electronic Products & Components
Company Name : YOKO TECHNOLOGY (HK) CO LTD
Country : Hong Kong
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Electronic Products & Components
PAYMENT RATING : 2 OBTAINED SCORES : 81
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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 FAIRLY LARGE
amounts depending on individual judgement experience.
*BANK DETAILS*
==================
Bank Name : BANK SINOPAC CO LTD
Branch : Chungshan Dist,Taipei City
Branch Address : 941 Chien Kuo North Rd Section 2 Chungshan
Dist Taipei City 104 (Head Office)
SWIFT Code : SINOTWTP
Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Chungshan Dist,Taipei City
Branch Address : 100 Chi Lin Rd Chungshan Dist Taipei City
104 (Head Office)
SWIFT Code : ICBCTWTP
Bank Name : TAIWAN BUSINESS BANK
Branch : Tatung Dist,Taipei City
Branch Address : 30 Ta Cheng St Tatung Dist Taipei City 103
(Head Office)
SWIFT Code : MBBTTWTP
*Financials*
==========
BALANCE SHEET
Currency :
TND
Denomination : In thousands
2001 2002 2003 2004 2005
-----------
----------- ----------- ----------- -----------
Current Assets 347,107 620,079
966,654 1,054,218 1,211,487
Funds & long-term investments 25,985
58,130 66,064 131,593 157,923
Property 77,428 76,328 350,097
453,275 708,649
Other Assets 10,581 12,425 12,100
8,160 5,971
Total Assets 405,087 772,931 1,405,795 1,660,312 2,094,966
Current Liabilities
(Before)
110,860 257,553 316,673 522,672
2,189,406
(After) 110,860
275,003 396,163 683,695
Long-term Liabilities
244,700
Other Liabilities 5,897 11,388
21,685 22,308 29,090
Total Liabilities (Before) 116,757
268,941 583,058 544,980 678,740
(After)
116,757 286,391 662,548 706,003
Common stock 244,200 323,000 440,512 602,894
746,074
Capital Reserve 558 384
45,185 53,744 70,876
Retained Earnings
(Before) 101,709 179,744 336,884 461,454 599,797
(After) 23,083
56,044 97,227 164,852
Total Shareholder's Equity (Bef.) 347,715
503,990 882,737 1,115,332 1,416,226
(After) 347,715 486,540
743,247 954,309
INCOME STATEMENT
Currency :
TND
Denomination : In
thousands
2001 2002 2003
2004 2005
-----------
----------- ----------- ----------- -----------
Operating revenue 680,880
895,382 1,369,021 1,659,568
2,079,361
Gross Profit 188,762 293,050 458,976 542,306 610,674
Operating Income 103,461 187,999 326,478 394,416 440,759
Non-operating income 8,941 8,624
18,104 37,927 35,759
Non-operating expense 8,374 4,524
9,982 23,471 8,933
Net Income 87,451 156,661 280,840 364,227 434,945
Earnings (losses) per share (After) 1.49 2.68
4.74 4.94
*Financial Ratios*
===============
2001 2002 2003
2004 2005
-----------
----------- ----------- ----------- -----------
Ratio of liabilities to Assets % 25.14
34.79 41.48 32.82 32.40
Ratio of long-term capital to
fixed Assets
% 449.08 658.79 304.90
246.06 199.85
Current ratio % 313.10 237.36
305.28 201.70 186.48
Quick ratio % 234.36 154.34 233.22 152.25 139.02
Interest coverage 68.90 53.87 50.37
58.99
Turnover of receivable (times) 4.64
4.29 5.17 5.73 6.37
Average collection period
of receivable 79 85 71
64 57
Turnover of inventories (times) 4.54
4.42 4.39 4.69
5.19
Average days of sales 81 83
83 78 70
Turnover of fixed assets (times) 8.79
11.65 3.91 3.66
2.93
Turnover of total assets (times) 1.47
1.16 0.97 1.00 0.99
Return on total assets % 20.39
25.32 26.22 24.07 23.24
Return on shareholder's Equity % 28.79
36.79 42.34 37.59 34.36
Operating Income 42.37 58.20
74.11 65.42 59.08
Net Income before tax 42.60 59.47
75.96 67.82 62.67
Profit margin % 12.84 17.50
20.51 21.95 20.92
Retroactive 1.49
2.68 4.74 6.05 5.87
Cash flows ratio % 62.22 48.82
76.10 52.52 81.94
Cash flows adequacy% 68.17 93.63 85.29
93.40 101.59
Cash reinvestment ratio% 18.98
23.94 20.66 17.28 26.07
Degree of operating leverage 2.07
1.70 1.19 1.39 1.39
Degree of financial leverage 1.02
1.00 1.02 1.02 1.00
*Int´l Trade Activity
(Currency: U.S. $'s)
================================
Year Imports Exports Total
2004
$3,391,528.00
$34,362,300.00
$37,753,828.00
2005
$4,606,791.97
$46,285,492.99
$50,892,284.96
*Financial Summary
(Currency: U.S. $'s)
================================
Year
Sales
Assets Net
Income
2001
$19,758,560.65
$11,755,281.49
$2,537,753.92
2002 $25,736,763.44 $22,217,045.13 $4,503,046.85
2003
$39,475,807.38
$40,536,188.00
$8,098,039.22
2004
$49,911,819.55
$49,934,195.49
$10,954,195.49
2005 $65,698,609.79 $66,191,658.77 $13,742,338.07
Over the past 15 years, SC has made a stable growth with
satisfactory profit. It is considered a credit line up to USD 3,000,000 appears
to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting
3600 Electronic
& Electric Equip.
Exporting 3651 Radio & tv receiving sets; phonographs;
recorders, microphones; loudspeakers;
audio
amplifiers; & other audio equip
Exporting
3861 Photographic
equipment and supplies
Exporting
5065 Electronic
Parts/Equip, NEC
Importing
3699 Electrical
equipment and supplies, and parts
Manufacturing
3600 Electronic
& Electric Equip.
Manufacturing 3651 Radio & tv receiving sets; phonographs;
recorders, microphones; loudspeakers;
audio amplifiers; & other audio equip
Manufacturing
3861 Photographic
equipment and supplies
Manufacturing
5065 Electronic
Parts/Equip, NEC
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting
7326901000 Other articles
of tinplate (not household)
Exporting 8471701000 Magnetic disk drive units with a disk diameter >=21 cm,
with read-write units
entered separately
Exporting 8473300000 Parts and accessories for automatic data processing
machines and units
Exporting 8504400004 Power supplies (rectifier type) of a rated power output not
exceeding 50 w
Exporting
8521100000 Video recording
or reproducing apparatus, magnetic tape type
Exporting 8521900000 Video recording or reproducing apparatus except magnetic
tape-type
Exporting
8525300010 Camcorders,
color, 8 mm
Exporting
8525400000 Still image video
cameras and other video camera recorders
Exporting
8528210000 Video monitors,
color
Exporting
8528220000 Video monitors,
black & white or other monochrome
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporting Color DSP camera
Exporting Color CCD cameras
Exporting Cameras, color
Manufacturing Access control systems
Manufacturing
Multiplexers
Manufacturing
Monochrome monitors
Manufacturing
LCD (liquid crystal displays)
Manufacturing
Intercoms
Manufacturing
IP cameras
Manufacturing
Electronic products
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to Africa
Exporting to Argentina
Exporting to Asia
Exporting to Australia
Exporting to Austria
Exporting to Belgium
Exporting to Brazil
Exporting to Burundi
Exporting to Canada
Exporting to Chile
Exporting to China
Exporting to Colombia
Exporting to Costa Rica
Exporting to Cyprus
Exporting to Czech Republic
Exporting to Denmark
Exporting to Europe
Exporting to Finland
Exporting to France
Exporting to Germany
Exporting to Greece
Exporting to Guatemala
Exporting to Hong Kong
Exporting to Hungary
Exporting to India
Exporting to Indonesia
Exporting to Iran
Exporting to Ireland
Exporting to Israel
Exporting to Italy
Exporting to Japan
Exporting to Jordan
Exporting to Latvia
Exporting to Lebanon
Exporting to Libya
Exporting to Lithuania
Exporting to Macau
Exporting to Malaysia
Exporting to Mexico
Exporting to Middle East
Exporting to Netherlands
Exporting to New Zealand
Exporting to North America
Exporting to Norway
Exporting to Oceania
Exporting to Pakistan
Exporting to Paraguay
Exporting to Philippines
Exporting to Portugal
Exporting to Romania
Exporting to Russia
Exporting to Saudi Arabia
Exporting to Slovenia
Exporting to South Africa
Exporting to South America
Exporting to South Korea
Exporting to Spain
Exporting to Thailand
Exporting to UAE
Exporting to USA
Exporting to United Kingdom
Exporting to Uzbekistan
Exporting to Vietnam
Importing from Asia
Importing from China
Importing from Hong Kong
Importing from Japan
Importing from North America
Importing from South Korea
Importing from USA
Importing from United Kingdom
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)