MIRA
INFORM REPORT
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Report Date : |
24.10.2008 |
IDENTIFICATION DETAILS
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Name : |
AUTO TELECOM CO LTD |
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Registered Office : |
10FL, 3, Lane 16, |
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Country : |
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Date of Incorporation : |
04.04.1987 |
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Com. Reg. No.: |
22434310 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Research and Development of various types of Digital Phones, Feature Phones
and Related Telecommunications Products. |
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 : |
USD 100,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
AUTO
TELECOM CO LTD
10FL, 3, LANE 16,
TEL: 886-2-29611356 FAX: 886-2-29645764
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 4, 1987
REGISTRATION NO. :
22434310
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. CHIA-SHU HSIEH (CHAIRMAN)
STAFF STRENGTH :
42
CAPITAL :
US$ 1,863,354
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.98153 = 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 –
*Company History*
===============
1987 - Established and
experienced soaring sales of its first product, the AX-8 Electronic Key
Telephone system.
1988 - Annual sales amounted
to USD2.4 million in the starting period.
1989 - Introduced the
first Taiwanese middle-sized telephone system, the AX-32.
1990 - The Taiwanese
version of the AX-16 was released to meet local market demands.
1991 - Began mass
production of the multi-functional AX-5 Key Service Unit.
1992 - TransTel USA
Office was established.
1993 - The fully hybrid
BX-8 was available.
1994 - The President,
Mr. J.C.Hsieh received the Medal for honor of "The Model of Youth Career
Development of the Republic of China".
- Introduced
the versatile BX-320. And we procured the ISO 9001 certification.
- Became a
model company of the middle-sized enterprises in the
1995 - BX8-USA
Teleconnect Magazine-Editor Choice.
1996 - Announced ISDN,
CT2 wireless, computer telephones, and the set up of Shenzeng factory in
mainland
1997 - AUTO TELECOM
Australia was established.
1998 - AUTO TELECOM Indonesia was established.
1999 - G1-824 was
awarded by Taiwan Government and won the symbol of "Taiwan
Excellence".
2001 - G2-1648 was
launched to the market.
2002 - E&M, Analog
DID Interface cards were available on GDS system.
2003 - CTI application
pack-CT Star was available. It provided excellent CTI platform for our GDS
systems.
2004 - HP-300 IP phone
was available. The era of IP was begun.
2005 - IP Trunk
interface card was available. GDS systems become IP Enabled.
- G1E was
available. DK6 series key phones were released.
2006 - Cooperate with
Xcqute software company to develop the CTI solution.
- Provided 1st
party and 3rd party TAPI driver on G1, G2, GDS series, G1E and future
products.
*Licenses & Permits*
================
License number : 9960079800
Date issued : 1 Aug,
2001
Issuing authority : Industrial
Development Bureau, MOEA
*Office & Facilities*
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Size :
676 sq.meters (Approx)
Location :
Type of building : Industrial
building
Property status : Owned by
AUTO TELECOM CO LTD
Comment : Serves as
office and factory
Other contact details
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Fax no. :
2-89661772
E-mail :
info@hybrex.com
*Corporate & Organization
Structure*
============================
A small -sized company operated and managed by the owner and small but
professional management team.
www.hybrex.com
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: business@hybrex.com
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: 4
Total number of shares: 2,439,000
Shareholders Country Number Amount %
Mr. Chia-shu Hsieh
Mr. Li-chiao Chiang
Ms. Chia-hui Hsieh
Ms. Shu-wen Teng
Management: Ms. Judy Hsiu-yun
Chen, Manager
Ms. Shu-wen Teng, Finance Controller
Mr. Jack Wang-chieh Wei, Representative
Name Nationality
Job Description Dept. / Division
Ms. Judy Hsiu-yun Chen Taiwanese
Manager Human Resources
Ms. Shu-wen Teng Taiwanese
Finance Controller -
Mr. Jack Wang-chieh Wei Taiwanese
Representative -
Ms. Amy Chung-yu Tsai Taiwanese
Representative -
*COMPANY DIRECTORS*
=====================
1
Name :
Mr. Chia-shu Hsieh
Nationality :
Taiwanese
Country of Residence :
*Main Products & Services*
======================
Specializes in the following areas of works :
1. Research and development of various types of digital phones, feature
phones and related
telecommunications products.
2. Importing of various range of telegraphic switching apparatus and
related components for in-house use.
3. Manufacture of a wide range of digital access control phones, video
conferencing and related products.
4. Selling to both domestic and international markets.
5. Also engaged in the production of OEM brands.
Products: Communication software
Digital access
control phones
Digital exchange
system
Electronic
instruments
Electronic
products
*Brand*
======
HYBREX
Hybrex TransTel
*Payment Terms*
==============
Sales
-------
Local : Cash
30 - 90 days credit
Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
-------------
Local : 30 - 90 days credit
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Quality Certification*
=================
(1)
Type of certification : ISO 9001
(2)
Received the following certifications:
- CE
- FCC
- UL
*Exhibition Participation*
====================
Participated in the following local exhibitions :
(1)
Exhibition Fair : Computex Taipei
'98
Date Attended : 2-6 June, 1998
Location :
(2)
Exhibition Fair : Computex Taipei
' 99
Date Attended : 1-5 June, 1999
Location :
(3)
Exhibition Fair :
Date Attended : 13-16 August, 1999
Location :
(4)
Exhibition Fair :
Date Attended : 16-20 October, 1999
Location :
(5)
Exhibition Fair :
Date Attended : 17-20 October, 2000
Location :
(6)
Exhibition Fair : SecuTech 2001
Date Attended : 5-7 May, 2001
Location :
*Competitors*
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The following locally based companies supply similar range of products :
- MOSART SEMICONDUCTOR CORP
- KYLINK COMMUNICATIONS CORP
- U-KING COMMUNICATIONS CORP
- AME OPTIMEDIA TECHNOLOGY CO LTD
- FORMOSA21 INC
*Local Distribution Network*
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An estimated 30% annual turnover is attributed to local sales.
*Export Markets*
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An estimated 70% annual turnover is attributed to export.
Products are exported to the following regions:
Regions % of
Exports
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Others
30
*(Subsidiaries , Joint-ventures & Affiliates)
===========================
Company Name : AUTO TELECOM AUSTRALIA PTY LTD
Address : Unit 7,
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Telecommunications
Company Name : AUTO TELECOM NEW ZEALAND LTD
Address : 1Fl Unit I
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Telecommunications
Company Name : TRANSINDO INFOTEK PT
Address : Mutiara Taman Palem Blok A 16/29
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Telecommunications
Company Name : TRANSTEL COMMUNICATIONS INC
Address :
Country :
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Service
Industry : Telecommunications
*OVERSEAS AGENTS AND DISTRIBUTORS*
=====================================
Agent : IN10S ELECTRO CORP
Country of Origin :
Product Description : Key telephone systems
Brand : Hybrex
Year : 2001
Agent : IN10S ELECTRO CORP
Country of Origin :
Product Description : Pabx systems
Brand : Hybrex
Year : 2001
Agent : MULTI-LINE DESIGN SYSTEMS INC
Country of Origin :
Product Description : Key telephone systems
Brand : HYBREX
Year : 2000
PAYMENT RATING : 3 OBTAINED SCORES : 54
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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
MODERATE 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*
===============
Bank Name : FIRST COMMERCIAL BANK CO LTD
Branch :
Branch Address : 10Fl,
SWIFT Code : FCBKTWTP
Bank Name : FUBON COMMERCIAL BANK
Branch :
Branch Address :
SWIFT Code : This bank does not have a SWIFT Code
Bank Name : TAIWAN COOPERATIVE BANK
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : TACBTWTP
*Financial Ratios*
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Year Net Worth Return in Return on Debt to
(NT$ M) Sales (%) Net worth (%) Equity (%)
------- -------------- -------------- ------------------- -------------
1992 111.27 1.92 3.89 108.19
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
1992 $6,740,740.74 $8,555,555.56 $129,629.63
2004 $7,518,796.99 n/a n/a
2007 $3,922,751.96 $1,569,100.78 $181,050.09
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2005 $1,236,589.00 $2,253,697.98 $3,490,286.98
2006 $715,697.97 $1,756,981.98 $2,472,679.95
2007 $1,123,024.98 $2,689,655.97 $3,812,680.95
SC is considered small-sized in its line with a development history of
21 years. Taking into consideration of SC’s general performance, a credit line
up to USD 100,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3661 Telephone and
telegraph apparatus, and parts,
Exporting 3669 Other
communications equipment, and parts,
Manufacturing 3600 Electronic
& Electric Equip.
Manufacturing 3661 Telephone
and telegraph apparatus, and parts,
Manufacturing 3669 Other
communications equipment, and parts,
Manufacturing 3679 Electronic
components,
Manufacturing 5065 Electronic
Parts/Equip, NEC
Manufacturing 7372 Prepackaged
Software
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8500 Electrical
machinery & equip. & parts; telecommunications equip., sound recorders,
television recorders
Exporting 8517302500 Electronic
key telephone systems
Exporting 8517900500 Parts
for central office telephonic switching apparatus
Exporting 8532290040 Fixed
capacitors
Exporting 8534000060 Printed
circuits
Exporting 8536900010 Electrical
distribution ducts, for a voltage not exceeding 1,000v
Exporting 8541409090 Photosensitive
semiconductor devices
Importing 8517198020 Telephone
sets, one line, no features, tone signal only
Importing 8517301080 Telephonic
switching apparatus
Importing 8517900500 Parts
for central office telephonic switching apparatus
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer Software
packages
Manufacturer Teleconferencing
equipment
Manufacturer Voice mail &
messaging
Manufacturer Communication
software
Manufacturer Digital exchange
system
Manufacturer PABX systems
Manufacturer Key telephone
systems
Manufacturer ISDN, terminal
adaptors
Manufacturer ISDN
Manufacturer Feature
phones
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region
Pacific Exporting
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.95 |
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1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
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%)