MIRA
INFORM REPORT
|
Report Date : |
19.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
ADVANCE MULTIMEDIA INTERNET TECH. INC. |
|
|
|
|
Registered Office : |
1-3/F, No. 28, Lane 31, Sec. 1 Huandong Rd Sinshih Township, Tainan County |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
18.03.1998 |
|
|
|
|
Legal Form : |
Public Independent |
|
|
|
|
Line of Business : |
Research, development, manufacture and distribution of network and multimedia products. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
NAME AND ADDRESS
Advance Multimedia
Internet Tech. Inc.
1-3/F, No. 28, Lane 31, Sec. 1
Huandong Rd
Sinshih Township, Tainan County,
Taiwan
Tel: 886-6-5058026
Fax: 886-6-5058070
www.amit.com.tw
summary
Employees: 174
Company Type: Public
Independent
Traded: Gre Tai Security Market: 3237
Incorporation Date: 18-Mar-1998
Auditor: Deloitte & Touche LLP
Financials in: USD (mil)
Fiscal Year End: 31-Dec-2010
Reporting Currency: Taiwanese
New Dollar
Annual Sales: 19.1
1
Net Income: (3.6)
Total Assets: 19.5
2
Market Value: 15.8
(30-Jun-2011)
Business Description
|
Advance Multimedia Internet Technology Inc. is a Taiwan-based company
primarily engaged in research, development, manufacture and distribution of network
and multimedia products. The Company's major products are routers, network
attached storages and wireless music stations. It provides LOHASmart series, including wireless broadband routers,
wired broadband routers, wireless Internet melody stations and others; CarrierGo series, including wireless asymmetric digital
subscribe line (ADSL) broadband routers, voice over Internet protocol (VoIP) routers and other products; BizSurf
series, including wireless/wired virtual private network (VPN) broadband routers
and integrated access devices (IADs), as well as SysLink series, including network products for digital
electronic panels, automatic teller machines (ATMs) and point of sale (POS)
systems, among others. For the six months ended 30 June 2010, Advance
Multimedia Internet Technology Inc.'s total revenues decreased 8% to
NT$308.9M. The Company's net loss for the period totaled NT$66.5M, up from
NT$31.1M. Revenues reflected a drop in sales volume due to unfavorable market
demand. Higher net loss also suffered from the absence of foreign exchange
gain and bad debts reversal, as well as sharply increased miscellaneous
expense. |
|
|
Source: Reuters |
|
Industry
|
Industry |
Communications Equipment |
|
ANZSIC 2006: |
2422 - Communication Equipment Manufacturing
|
|
NACE 2002: |
3220 - Manufacture of television and radio
transmitters and apparatus for line telephony and line telegraphy |
|
NAICS 2002: |
33421 - Telephone Apparatus Manufacturing |
|
UK SIC 2003: |
32201 - Manufacture of telegraph and telephone
apparatus and equipment |
|
US SIC 1987: |
3661 - Telephone and Telegraph Apparatus |
Key Executives
|
Financial Summary
|
|
|
Stock Snapshot
|
|
1 - Profit &
Loss Item Exchange Rate: USD 1 = TWD 31.49704
2 - Balance Sheet Item Exchange Rate: USD 1 = TWD 29.1565
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.57 |
|
|
1 |
Rs.71.75 |
|
Euro |
1 |
Rs.62.60 |
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 |
Capability to overcome financial difficulties seems comparatively below
average. |
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 |
|
-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.