MIRA
INFORM REPORT
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Report Date : |
04.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
PIONEERING TECH INT'L CO LTD |
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Registered Office : |
1FL, 18, Alley 15, Lane 106, Min-Chuan
East Rd Section 3 Sungshan Dist Taipei City 105 |
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Country : |
Taiwan |
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Date of Incorporation : |
19.09.1996 |
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Com. Reg. No.: |
97125316 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Operates as an Agency for Electronic Components and Other Related
Products. Marketing of Computer, Data Communication and Consumer Electronics
Applications. |
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. |
Small |
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Maximum Credit Limit : |
USD 15,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
PIONEERING
TECH INT'L CO LTD
1FL, 18, ALLEY 15, LANE 106, MIN-CHUAN EAST
RD
SECTION 3 SUNGSHAN DIST TAIPEI CITY 105,
TAIWAN
TEL: 886-2-25147787 FAX: 886-2-25148038
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 19, 1996
REGISTRATION NO. :
97125316
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. JIMMY SHIH-HSIUNG WANG (CHAIRMAN)
STAFF STRENGTH :
8
CAPITAL :
US$ 310,559
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2007)
EQUITIES :
N/A (AS OF DEC. 31, 2007)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 15,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.82732 = US$1
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
*Office & Facilities*
===============
Size :
95.4 sq. meters (Approx.)
Location :
Taipei City
Property status : Rented
Type of building :
Commercial
Other e-mail address: service@pioneering.com.tw
*Factories, Size & Locations*
======================
The company is a trading house focused on exports and maintains no
manufacturing facilities.
*Corporate & Organization Structure*
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A small specialized company operated and managed by the owner and family
members.
www.pioneering.com.tw
The design is professional and the content is well organized. At present it is in
English version.
E-mail: jwsam@pioneering.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 5
Total number of shares: 1,000,000
Shareholders Country Number Amount %
Mr. Jimmy Shih-hsiung Wang Taiwan 400,000.00 n/a 40.00
Mr. Shih-hsien Wang Taiwan 300,000.00 n/a 30.00
Mr. Shih-hsin Wang Taiwan 100,000.00 n/a 10.00
Ms. Chun-yuan Wang Taiwan 100,000.00 n/a
10.00
Ms. Shu-chuan Huang Taiwan
100,000.00 n/a 10.00
Management: Ms. Shu-chuan Huang,
Director
Mr. Shih-hsien Wang, Manager
Mr. Jimmy Shih-hsiung Wang, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Shu-chuan Huang Taiwanese
Director Administration
Mr. Shih-hsien Wang Taiwanese
Manager Sales
Mr. Jimmy Shih-hsiung Wang Taiwanese
General Manager -
*COMPANY DIRECTORS*
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1
Name :
Mr. Jimmy Shih-hsiung Wang
Nationality :
Taiwanese
Country of Residence : Taiwan
*Main Products & Services*
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Specializes in the following areas of work:
1. Operates as an agency for electronic components and other related
products.
2. Marketing of computer, data communication and consumer electronics
applications.
Agency Product Line:
- Moschip
- Jepico
- SEPA
- IMP
- Conwise
- TWIST
- Furukawa
- Sensormate
- DCT
- Aplusflash
- Inrevium
- Enzytek
Products include :
- ROM
- OTP
- EEPROM
- NTP
- Flash (under development)
- Skype wire/wireless USB phone solution
- PCM CODEC
- Bluetooth chip/dongle/module
- Digital starter
- Xenon strobe flash module
- Photo flash charging and control IC
- Non-ferrous metal
- PCI I/O
- USB
- Network USB processor
- Power supervisors
- PWM
- UART
- LDO
- SCSI terminator
- EL driver
- High speed Jpeg LSI
- I/O expander
- SD/SDIO/MMC controller
- Image quality engine (LSI)
- DC-FAN
- Liquid cooling system
- Micro-pump
- Pressure sensor
- UART
Products: Computers
Consumer
electronics
Data
communication
Electronic components
IC (integrated
circuits)
*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 : 30 - 90 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 :
- TECHMOSA INT'L INC
- PROMATE ELECTRONIC CO LTD
- DATA FAST ELECTRONICS CO LTD
- SYNNEX TECHNOLOGY INT'L CORP
- SIGNAL ELECTRONIC CO LTD
*Domestic Agency Contracts Maintained*
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Company name : CONWISE TECHNOLOGY CORP
Brand : CONWISE
Products : - Skype wire/wireless USB phone solution
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PCM CODEC
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Bluetooth dongle
*Local Distribution Network*
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Approximately 80% of the annual turnover is attributed to local sales.
*Export Markets*
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Approximately 20% of the annual turnover is attributed to export.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : OCEAN
LEADER CO LTD
Address : 1Fl, 18 Alley, 15 Lane,
106 Min Chuan East Rd Section 3 Sungshan Dist Taipei City 105 Taiwan
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type : Trader
Industry :
Seafood & Fishing Industry
*IMPORTER AGENCY LISTING*
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Supplier :
DCT CO LTD
Country of Origin :
Japan
Product Description :
Digital tarter
Brand :
DCT
Year :
1998
Supplier :
JEPICO CORP
Country of Origin : Japan
Product Description : Image
quality engines
Brand :
JEPICO
Year :
1998
Supplier :
NIPPON KEIKI WORKS LTD
Country of Origin :
Japan
Product Description : Liquid
cooling systems
Brand :
NIPPON
Year :
1998
Supplier : MOSCHIP
SEMICONDUCTOR TECHNOLOGY LTD
Country of Origin :
India
Product Description :
Network USB processor
Brand :
MOSCHIP
Year :
1998
PAYMENT RATING : 3 OBTAINED SCORES :
55
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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.
Although, financial summaries were obtained for reference.
*BANK DETAILS*
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Bank Name : FIRST COMMERCIAL BANK CO LTD
Branch : Sungshan Dist, Taipei City
Branch Address : 10Fl, 30 Chungking South Rd Section 1 Chungcheng Dist
Taipei City 100 (Head Office)
SWIFT Code : FCBKTWTP
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
2007 $1,961,375.98 $211,225.11 $117,682.56
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports Total
2005 $1,600,000.00 $250,000.00 $1,850,000.00
2006 $1,800,000.00 $280,000.00 $2,080,000.00
2007 $1,400,000.00 $350,000.00 $1,750,000.00
SC is considered small-sized in its line with a development history of
12 years. A credit line at the above amount appears to be beyond SC’s
capacities, while a credit line up to USD 15,000 is recommended.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3571 Electronic
computers
Trading 3577 Computer
peripheral equipment, and parts,
Trading 3679 Electronic components,
Trading 5045 Computers
Equip/Software
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8471 Automatic
data process machines; magn reader, etc. computer hardware
Trading 8473 Parts etc
for typewriters & other office machines computer accessories
Trading 8524 , tapes
& other recorded sound media etc computer software
Trading 8542 Electronic
integrated circuits & microassembl, parts
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Exporting,Importing
China Exporting,Importing
India Importing
Indonesia Importing
Japan Importing
Macao Exporting
Thailand Importing
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.62 |
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UK Pound |
1 |
Rs.76.71 |
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Euro |
1 |
Rs.61.30 |
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. |
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%)