MIRA
INFORM REPORT
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Report Date : |
26.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
KINGSTON DIGITAL FAR EAST INC |
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Registered Office : |
Hsinchu Science-Based Industrial Park 1-5 Li-Hsin Rd 1 Hsinchu City
300 |
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Country : |
Taiwan |
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Date of Incorporation : |
28.04.2008 |
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Com. Reg. No.: |
28112673 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Local Purchasing of DRAM and Flash Cards. Selling of Purchased Products to Local Market. |
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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Status : |
New Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name & address
KINGSTON
DIGITAL FAR EAST INC
HSINCHU SCIENCE-BASED INDUSTRIAL PARK
1-5 LI-HSIN RD 1 HSINCHU CITY 300, TAIWAN
TEL: 886-3-5641539 FAX: 886-3-5785708
EXECUTIVE SUMMARY
INCORPORATION DATE : APRIL 28, 2008
REGISTRATION NO. :
28112673
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. TU-KUNG TSAI (CHAIRMAN)
STAFF STRENGTH :
52
CAPITAL :
US$ 16,748,768
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2007)
EQUITIES :
N/A (AS OF DEC. 31, 2007)
PAYMENT :
BELOW AVERAGE
RECOMM. CREDIT RANGE : C.O.D.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
TWD 32.02784 = 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*
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Building size : 17,958.10 sq. feet (Including 5
floors)
Location : Hsinchu Science Park
Property status : Rented
Type of building : Commercial
building
Comment :
Premises is shared with its parent company, KINGSTON TECHNOLOGY FAR EAST CO
*Factories, Size & Locations*
======================
The company is a trading house, and maintains no manufacturing
facilities.
*Corporate & Organization Structure*
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A medium-sized company mainly operated and managed by the owner of the
firm and a professional management team.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders : 2
Total number of shares : n/a
Shareholders Country Number Amount %
KINGSTON TECHNOLOGY Taiwan n/a n/a 99.00
FAR EAST CO
Undisclosed Shareholders n/a n/a n/a 1.00
Management: Ms. Wei-wei Yin,
Director
Mr. Chih-yuan Su, Manager
Mr. Su-ko Chen, Director
Name Nationality
Job Description Dept. / Division
Ms. Wei-wei Yin Taiwanese
Director Marketing
Mr. Chih-yuan Su Taiwanese
Manager Product
Mr. Su-ko Chen Taiwanese
Director Sales
Mr. Tu-kung Tsai Taiwanese
General Manager -
*COMPANY DIRECTORS*
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1
Name : Mr. David Ta-wei Sun
Nationality : Taiwanese
2
Name : Mr. John Chi-chuan Tu
Nationality : Taiwanese
3
Name : Mr. Tu-kung Tsai
Nationality : Taiwanese
Country of Residence : Taiwan
4
Name : Ms. Li-ching Wu
Nationality : Taiwanese
*Main Products & Services*
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Specializes in the following areas of work:
1. Local purchasing of DRAM and flash cards.
2. Selling of purchased products to local market.
Products: DRAM
DRAM cards
Flash cards
Memory cards
Memory modules
*Payment Terms*
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Sales
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Local : 30 - 90 days credit
Cash
Purchases
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Local : 30 - 90 days
credit
*Competitors*
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The following locally based companies supply similar range of products :
- C-ONE TECHNOLOGY CORP
- APLUS TECHNOLOGY INC
- DATAFAB SYSTEMS INC
- TWINMOS TECHNOLOGIES INC
- POWER QUOTIENT INT'L CO LTD
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*International Trade Activity*
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Due to the recent incorporation of the company, there are no statistics
of exports accredited to the firm.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name :
POWERTECH TECHNOLOGY INC
Address :
Hsinchu Industrial Park 26 Datong Rd Hukou Hsiang 303 Hsinchu Hsien Taiwan
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Public Listed Company
Company Type : Manufacturer
Industry :
Electronic Products & Components
PAYMENT RATING : 5 OBTAINED SCORES :
33
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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.
As a private limited company there is no legal requirement according to
local corporate law for public disclosure of detailed financials.
Additionally, due to the recent incorporation of the company, no
financials have so far been lodged with local taxation authorities.
*BANK DETAILS*
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Bank Name : CHANG
HWA COMMERCIAL BANK LTD
Branch :
Hsinchu City
Branch Address : 2Fl
Hsinchu Science-Based Industrial Park 5 Industry East Rd
SWIFT Code :
CCBCTWTP
Bank Name : MEGA
INT'L COMMERCIAL BANK CO LTD
Branch :
Hsinchu City
Branch Address : 69
Tung Chien St
SWIFT Code :
ICBCTWTP
SC was established recently in 2008, and its credit has not been established
yet. Credit dealings with SC should be confined into COD at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3572 Computer
storage devices
Trading 3577 Computer
peripheral equipment, nspf, and parts, nspf
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 8473 Parts etc
for typewriters & other office machines computer accessories
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.46.43 |
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UK Pound |
1 |
Rs.85.38 |
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Euro |
1 |
Rs.67.95 |
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%)