MIRA INFORM REPORT

 

 

Report Date :           

22.07.2011

 

IDENTIFICATION DETAILS

 

Name :

INGRAM MICRO (N.Z.) LIMITED

 

 

Formerly Known As :

TECH PACIFIC (N.Z.) LIMITED

 

 

Registered Office :

78 Apollo Drive, Rosedale,  Auckland, Zip/postal code  0632

 

 

Country :

New Zealand

 

 

Financials (as on) :

31.12.2010

 

 

Date of Incorporation :

21.02.1984

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Distributor of computer and technology products, offering a large selection of hardware and software products etc.

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 850,000

Status :

Good

Payment Behaviour :

No Complaints

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)

New Zealand

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


 Bottom of Form

 

Identification details

 

Verified Address

 

Subject name                                       :   INGRAM MICRO (N.Z.) LIMITED

 

Business address                                  :  78 Apollo Drive

Town                                                     :   Rosedale

Province                                                :   Auckland

Zip/postal code                                      :   0632

Country                                                :   New Zealand

 

Tel                                                       :   +64 9 4140100

 

Fax                                                      :   +64 9 4140101

 

Email                                                   :   sales@ingrammicro.co.nz

 

Website                                               :   nz.ingrammicro.com

 

Registered address                                :  78 Apollo Drive

Town                                                     :   Rosedale

Province                                                :   Auckland

Zip/postal code                                      :   0632

Country                                                 :   New Zealand

 

Postal address                                      :   Private Bag 102-921

    North Shore Mail Centre

Town                                                     :   North Shore City

Province                                                :   Auckland

Zip/postal code                                      :   0745

 

Country                                                                                                          :   New Zealand

 

Comments                                           :   We believe the Subject's 2010 financial statement will be published in the near future hence we will provide an updated report once we are able to retrieve this information.

 

 

Summary details

 

Executive Summary

 

Date founded or registered                     :   21/02/1984

 

Legal form                                             :  Private Limited Company

Chief executive                                      :   Gary Stephen Bigwood Issued & paid up capital                                   :   NZD 18,326,000

Sales turnover                                        : NZD 582,555,000 (Non-consolidated 12 months, 31/12/2009)

Net income                                            : NZD 12,436,000 (Non-consolidated 12 months, 31/12/2009)

Total fixed assets                                   :  NZD 234,978,000 (Non-consolidated 12 months, 31/12/2009)

Line of business                         :   Distributor of computer and technology products, offering a large

selection of hardware and software products etc.

Staff employed                                                                                               :   310 (Subject) 15,650 (Ingram Micro Group)

 

 

Credit risk opinion

 

Credit Risk Interpretation

 

Credit risk rating                                    :   GOOD

 

Credit risk theory                                   :   Sound financial and operational base. Small to medium credits may be considered with confidence that the commitment will be sustained in almost all cases. This is based on criterions such as years of establishment, number of employees, sales turnover, profit after tax, total assets, reserve, and others. Normal credit control policy applies.

 

 

Company Analysis

 

Country risk                               :   Country risk is minimal

Operation trend                          :  Operational trend is leveling off

Management experience :   Management is adequately experienced

Financial performance                :   Financial performance is very good

Organisation structure                :   Organisational structure is consistent

Detrimental                    :   No detrimental records found

Payment history                                    :   No payment delays noted

 

Credit amount suggestion           :   USD 850,000

Credit amount asked                  :   USD 100,000

Comments                                :   Larger credit can still be considered. The Subject is well positioned in the

market and the financial stability of the group is positive.

 

 

Statutory Details

 

Registry Data

 

Registration date                                   :   21/02/1984

 

Legal form                                            :   Private Limited Company

 

Registration no                                         204636

 

Registered authority                              :   New Zealand Companies Office

 

Registry status                                     :   Live/Active

 

Previous name                                      : The Subject was established on 21-02-1984 under the name IMAGINEERING MICRO DISTRIBUTORS LIMITED and changed its name to TECH PACIFIC (N.Z.) LIMITED on 30-10-1991.

The Subject then adapted to the current style on 12-12-2005.

 

 

Change of legal form                                                                                   :   None reported.

 

 

Management / directors

 

Key Management

 

Name                           :      Gary Stephen Bigwood Designation                   :      Managing Director Name      :                                    Krishnan Lakshman Designation  :                                    Chief Financial Officer Name       :                                    Desmond Ling

Designation                   :     Senior General Manager - Volume

 

Name                           :      Terry Dunn

 

Designation                   :     Senior General Manager - Value

 

Name                           :      Pedro Van der Ent

 

Designation                   :      Human Resources Business Manager

 

Name                           :      Denzil Rodrigues

 

Designation                   :     National Supply Chain Manager

 

Name                           :      Scott Cowen

 

Designation                                                   :            General Manager - Vendor Management

 

 

Board of directors / other appointments

 

Appointments

 

Name                            :           Gary Stephen Bigwood

Designation                   :           Managing Director

Appointment date           :           27/11/08

Address                        :           6 Travis View Drive

Fairview Heights, North Shore City 0632

New Zealand

 

Name                            :           Krishnan Lakshman

Designation                   :           Chief Financial Officer

Appointment date           :           01/02/11

Address                        :           932 Beach Road

Waiake, North Shore City 0630

New Zealand

Name                            :           Shailendra Gupta

Designation                   :           Director

Appointment date           :           09/06/03

Address                        :           13 Tanjong Rhu Road

The Waterside #12-02, Block 3

Singapore 436897

Singapore

 

 

 

Biography                   :      Mr. Shailendra Gupta is Senior Executive Vice President, President - Ingram Micro, Asia Pacific of Ingram Micro Inc. He has served in this

 

role since January 2008. Mr. Gupta served as senior vice president, Ingram Micro Asia Pacific from August 2007 to January 2008. Prior to joining Ingram Micro, Mr. Gupta spent nine years with Tech Pacific Group, starting in 1995 as managing director of India, then in 2001 was promoted to chief executive officer. Mr. Gupta joined Ingram Micro in 2004 as chief operating officer of Ingram Micro Asia Pacific when Ingram Micro acquired Tech Pacific. Prior to Tech Pacific, Mr. Gupta spent ten years with Godrej & Boyce Manufacturing Co. Ltd., India, a diversified Indian conglomerate, where he held various managerial positions including manufacturing plant responsibility.

 

Name                         :      Frank Adoranti Designation                :      Director Appointment date                           :      27/11/08

Address                     :      5 Hogan Grove

Castle Hill, NSW 2154

Australia

 

Name                         :      Robert Jay Miley Designation                :      Director Appointment date                           :      22/03/07

Address                     :      30 Fletcher Street

Woollahra, NSW 2025

Australia

 

Name                         :      Stephen John Paine

 

Designation                :      Director

 

Appointment date        :      22/03/07

 

Address                     :      32 Orange Grove Road

Singapore 258354

Singapore

 

Staff employed            :      310 (Subject) 15,650 (Ingram Micro Group)

 

 

Key Advisors

 

Auditors                       :      PricewaterhouseCoopers

PricewaterhouseCoopers Tower, Level 22

188 Quay Street

Auckland 1010

New Zealand

 

 

Share capital

 

Composition

 

Authorized Capital                                 :   NZD 18,326,000

 

No of shares                                         :   4,009,064 Ordinary Shares

 

Share par value                                     :   No par value

 

Issued capital                                       :   NZD 18,326,000

 

Paid up capital                                                                                              :   NZD 18,326,000

 

 

 

Ownership / shareholders

 

How listed                                            :   Full List

 

Composition

Shareholder name                                  :   TECH PACIFIC HOLDINGS (NZ) LIMITED

Address                                                :   78 Apollo Drive

Rosedale, North Shore City 0632

New Zealand

 

No. of shares                                        :   4,009,064 Ordinary Shares

 

% of shares                                                                                                   :   100%

 

 

Related companies & corporate  affiliations

 

Structure

Name                                                   :  INGRAM MICRO INC. Affiliation type                                                     :Ultimate Holding Company Address                                                           :   1600 East St.

                                                            Andrew Place

Santa Ana, CA 92799-5125

United States

 

Comments                                         :   The company is listed on the New York Stock Exchange.

 

 

Name                                        : INGRAM MICRO ASIA HOLDINGS INC.

Affiliation type                            :   Superior Holding Company

Address                                    :   818 W. 7th Street

Los Angeles, CA 90017

United States

 

 

Name                                        :   INGRAM MICRO NEW ZEALAND HOLDINGS

Affiliation type                            :   Intermediate Holding Company

Address                                    :   78 Apollo Drive

Rosedale, North Shore City 0632

 

Name                                        :   TECH PACIFIC HOLDINGS (NZ) LIMITED

Affiliation type                            :   Parent Company

Address                                    :   78 Apollo Drive

Rosedale, North Shore City 0632

New Zealand

 

 

Name                                        :   TECH PACIFIC (N.Z.) LIMITED

Affiliation type                            :   Associate

Address                                    :   78 Apollo Drive

Rosedale, North Shore City 0632

New Zealand

 

Comments                                :   The company is in the midst of voluntary de-registration.

 

Name                                        :   INGRAM MICRO HOLDINGS (AUSTRALIA) PTY LTD

Affiliation type                            :   Associate

Address                                    :   Australia

 

Name                                        :   INGRAM MICRO PTY LTD

Affiliation type                            :   Associate

Address                                    :   Australia

 

 

Name                                        :   INGRAM MICRO AUSTRALIA PTY LTD

Affiliation type                            :   Associate

Address                                    :   Australia

 

Name                                        :   INGRAM MICRO MALAYSIA SDN BHD

Affiliation type                            :   Associate

Address                                    :   Malaysia

           

Name                                        :   INGRAM MICRO ASIA LTD.

Affiliation type                            :   Associate

Address                                                          :   Singapore

 

 

Related companies and corporate

affiliations comments                              Other companies of the Ingram Micro Group should be considered

affiliates of the Subject. We are unable to list all the associated companies within the group therefore we have enclosed an attachment to this report.

 

The Ingram Micro group has operations in 26 countries: North America (United States and Canada), EMEA (Austria, Belgium, France, Germany, Hungary, Israel, Italy, the Netherlands, Spain, Sweden, Switzerland and the United Kingdom), Asia Pacific (Australia, the People’s Republic of China including Hong Kong, India, Malaysia, New Zealand, Singapore and Thailand), and Latin America (Argentina, Brazil, Chile, Mexico and Peru).  In addition, the group serves many other markets where they do not have an in-country presence through their various export sales offices, including their general telesales operations in numerous geographies. The group sells their products and services to resellers in approximately 150 countries

 

 

 

Bank & mortgage

 

Bank Details

 

Name of bank                                       :   Westpac New

                                                            Zealand Limited

 

Address                                                :  New Zealand

 

Account details                                      :  Current Account

 

Comments                                            :   It is generally not the policy of local banks to provide credit status

information to non related parties, however interested parties would be advised to consult first with the Subject if banker's references are required.

 

Mortgages                                                                     :   None reported.

 

Legal Fillings

Bankruptcy fillings          :   None reported.

Court judgements           :   None reported.

Tax liens                       :   None reported.

Others                          :   None reported.

 


Financial data

 

Description

 

Source of financial statement      :   Commercial Registry Filings

 

Financial statement date            :   31/12/09

 

Type of accounts                       :   Full audited

 

Currency                                   :   New Zealand, Dollar (NZD)

 

Exchange rate                           :   1 USD = NZD 1.17 as of 20-07-2011

 

Summarized financial information

 

                                                                                                Currency in New Zealand

 

 

Consolidated Type                  Non Consolidated                    Non Consolidated                    Non Consolidated   

 

Denomination                           (x1) One                                  (x1) One                                  (x1) One                 

 

Date of financial year end       31/12/09                                  31/12/08                                  31/12/10

 

Length of accounts                 :                       12 months                               12 months                               12 months

 

Sale turnover / Income:        582,555,000                            578,470,000                            34,588,984,000

               

Gross profit                              49,911,000                              51,187,000                              1,892,291,000

 

Profit before tax                                               21,221,000                              23,594,000                              438,061,000

 

Net income                              12,436,000                              15,898,000                              318,060,000

 

Non current assets                                          124,774,000                            118,997,000                            493,944,000

 

Current assets                        110,204,000                            104,737,000                            8,590,088,000

 

Inventories                               42,063,000                              40,560,000                              2,914,525,000

 

Total assets                            234,978,000                            223,734,000                            9,084,032,000

 

Current liabilities                                             63,676,000                              81,570,000                              5,235,186,000

 

Non current

 liabilities                                                        57,039,000                              40,438,000                              607,664,000

 

Total liabilities                                                120,715,000                            122,008,000                            5,842,850,000

 

Share equity                            114,263,000                            101,726,000                            3,241,182,000

 

Retained earning                                             95,149,000                              82,713,000                              2,200,755,000

 


Comments                                         :   The non-consolidated financial information above relates to the Subject

                                                          only.

 

The group’s consolidated financial information above relates to the Subject’s Ultimate Holding Company Ingram Micro Inc. and all its subsidiaries which include the Subject.

 

We believe the Subject's 2010 financial statement will be published in the near future hence we will provide an updated report once we are able to retrieve this information.

 

Operation details

 

Main activities                                    :   The Subject main activities are distribution of computer and

                                                          technology products, offering a large selection of hardware and

                                                          software products, services for business-to-business needs.

 

The Subject is part of Ingram Micro Inc. (Ingram Micro), which is a global information technology (IT) wholesale distributor, providing sales, marketing and  logistics services for the IT industry worldwide. The Company distributes and markets technology products worldwide from the industry’s computer hardware suppliers, networking equipment suppliers, software publishers, and other suppliers of computer peripherals, consumer electronics (CE), automatic identification and data capture (AIDC)/point-of-sale (POS) and mobility

hardware worldwide. During the fiscal year ended January 2, 2010 (fiscal 2010), the Company acquired Computacenter Distribution (CCD), Value Added Distributors Limited (VAD), and invested further in the AIDC/POS market with the acquisition of the Vantex Group of companies.

 

Brand                                                    :   3M

3COM

APC by Schneider

ADOBE

ANTEC

ASUS

ACER

AMD

AOC

ASUSTEK

ADEXUS

BELKIN

BROTHER

Built NY

BIRCH

CISCO

CANON

CA

CHERRY

CRUCIAL COREL

COGNITIVE

TPG

CASH

BASES

CRYSTAL REPORTS

CISCO SYSTEMS INTERNATIONAL BV

DATALOGIC

D-LINK

DATAMAX-ONEIL

DO NOT USE - IMATION ANZ PTY LTD

DYNALINK/NETCOMM

DATAMAX DIVOOM

DOVE DIGIPOS

DENSO

EPSON

EATON

ERGOTRON

EVOLIS

EVOLUTION

EBN

EAGLHEAD

ELO

eMachines

FUJI XEROX

FEC

FUJIFILM

FIRICH

GN NETCOM GE

Goodson Imports NZ Pty Ltd - DO NOT

HP

HAUPPAUGE

HANDSFREE

HYUNDAI

IBM INTEL

IMATION

IN WIN

INGRAM MICRO I

OMEGA

I-MATE

INGENICO

IT POWER

IOGEAR

JAVELIN KINGSTON

KONICA MINOLTA

KYOCERA KENSINGTON

Kanex

Konftel

KINGSTON TECHNOLOGY

KASEYA

KINGSTON DIGITAL

LEXMARK

LENOVO

LOGITECH

LASER

LG

LIVESCRIBE

LEXAR

LITHO-LAV

LINKCRAFT

MOTOROLA

MICROSOFT

MODEMPAK

MCAFEE

MSI

MYOB

Monitors

MARCVELOUS

MDR

MAGTEK

MAXXMEDIA

MEDIAFRENZ

NETGEAR

NETCOMM

OKI

Oceans

OPTICON

ORACLE

PRINTEX

PHILIPS

POSIFLEX

PUDNEY

POWERWARE

POSBOX

QUICKEN

RIM

SONY

SYMANTEC

SAMSUNG

SOCKET

SEAGATE

SWANN

SYMBOL

SAP

ST-Lab

Silverstone

SWEEX

TARGUS

TEKLYNX

TANDBERG

TOSHIBA

TRANSCEND

TOMTOM

TEGATECH

TREND

MICRO

TOTAL INTERACTIVE

TRANS LINK

UNIDEN

VERBATIM

V7

VANTEX

WESTERN DIGITAL

WACOM

XEROX

ZEBRA

ZOTAC

 

Purchases

Local                                                    : yes

International                                           :   Imports mainly from Asia and in addition imports from United States,

Europe and Australia.

 

 

Sales

 

Local                                                    :   Yes

 

International                                           :   Pacific Islands

 

Property & Assets

 

 

Premises                                              :   The Subject operates from premises located at the verified heading

address consisting of administrative office.

 

Branches                                              :   The Subject in addition operates from branch office located at:

 

Wellington Office

Level 7, TeRenCo House

86-96 Victoria Street

Wellington

New Zealand

Tel: +64 4 4703880

 

                                               Auckland Warehouse

25 Falcon Avenue

(Corner of Falcon Ave & Edsel Way) Manukau 2104,

Auckland

New Zealand

Tel: +64 9 4140691

 

                                                                Christchurch Warehouse and Office

40 Ballarat Way

Wigram, Christchurch 8042

New Zealand

Tel: +64 3 3412189 / 3392850

 

Intellectual property                             :   IBM Business Partner Awards

IBM: Business Partner Awards 2009 – Matt Harrison Winner People’s

Choice Distributor Award

 

 Vantex Awards 2009

Motorola: 2009 Distributor of the Year NZ - Vantex

 

Motorola: Motorola MVP Award – Winner Eric Ryda

 

Zebra: 2009 Distributor of the Year

Enterprise North Shore & Westpac Bank Business Excellence Awards

Supreme winner North Shore Business Awards 2009

 

Winner of Excellence in Sustainability award 2009

 

Winner of Employer of Choice award 2009

 

 

 

Summarized country risk

 

Gross Domestic Products (GDP) & Economic overview

 

Central bank                                         :   Reserve Bank of New Zealand Reserve of foreign

exchange & gold                                   :   US$ 18.421 billion

Gross domestic product - GDP               :   US$ 140,434 billion

 

GPP (Purchasing power parity)               :   119.791 billion of International dollars

 

GDP per capita - current prices              :   US$ $32,145

 

GDP - composition by sector                  : agriculture: 4.6%

industry: 23.7%

services: 71.7%

Inflation :   2008: 4%

2009: 2.1%

2010: 2.5%

 

Unemployment rate                                :   2008: 4.2%

2009: 6.2%

2010: 6.2%

 

Public debt

(General Government                          

 gross debt as a % GDP)                     2008 : 20.4%

                                                          2009 : 26.2%

                                                          2010 : 31%

 

Government bond ratings                        :   Standard & Poor's: AA+/Stable/A-1+ Moody's rating: Aaa

Moody's outlook: STA

 

 

Market value of publicly traded shares                  :   US$ 67.061 billion

 

Largest companies in the country           :   Telecom of New Zealand, Transpower, Fletcher Building,Infratil

 

Trade & Competitiveness Overview

 

 

Total exports                                         :   US$29.53 billion

 

Exports commodities                             :   dairy products, meat, wood and wood products, fish, machinery

 

Total imports                                         :   US$31.11 billion

 

Imports commodities                             :   machinery and equipment, vehicles and aircraft, petroleum, electronics, textiles, plastics

Export - major partners                          :   Australia 22%, US 11.5%, Japan 9.2%, China 5.3%, UK 4.6%

 

Import - major partners                           : Australia 20.7%, China 13.4%, US 9.7%, Japan 9.5%, Singapore 4.9%, Germany 4.7%

 

FDI Inflows                                            :   2007: US$3,441 million

2008: US$4,993 million

2009: US$348 million

 

 

FDI Outflows                                          :   2007: US$3,703 million

2008: US$-239 million

2009: US$-406 million

 

Best countries for doing business           :   3 out of 183 countries

 

Global competitiveness ranking              :   23 (ranking by country on a basis of 133, the first is the best)

 

Country and Population Overview

 

 

Total population                                    :   4.37 million

 

Total area                                             :   270,467 km2

 

Capital                                                 :   Wellington

 

Currency                                                                                                      :   New Zealand dollars (NZD)

 

Internet users as % of total population     :   84.38%

Payment history

 

Purchase Term

 

Local                                                    :   Credit 45-60 days

 

International                                          :   Credit 45-60 days after B/L

 

 

Sales Term

 

Local                                                    :   Credit card, Prepayment, Bank transfer, Credit 30-60 days

 

International                                          :   Credit 30 days, Telegraphic transfer

 

 

Trade Reference/ Payment Behaviour

 

Comments                                            :   As local and international trade references were not supplied, the Subject's payment track record history cannot be appropriately determined but based on our research; payments are believed to be met without delay.

 

 

Investigation Note

 

Sources                                               :   Interviews and material provided by the Subject

 

:   Official and local business sources

 

 

ATTQACHMENTS                                List of affiliated Companies

 

 

 

INGRAM MICRO INC.,
a Delaware Corporation,

Global Subsidiaries as of January 1, 2011

 

 

 

 

 

 

 

Name of Subsidiary

 

Jurisdiction

 

 

 

 

1.

 

AVAD LLC

 

Delaware

2.

 

DBL Distributing LLC

 

Delaware

3.

 

VPN Dynamics, Inc.

 

Delaware

4.

 

Ingram Micro Philippines BPO LLC

 

Delaware

5.

 

CD Access Inc.

 

Iowa

6.

 

IMI Washington Inc.

 

Delaware

7.

 

Ingram Funding Inc.

 

Delaware

8.

 

Ingram Micro CLBT Inc.

 

Delaware

9.

 

Ingram Micro Delaware Inc.

 

Delaware

10.

 

Ingram Micro CLBT

 

Pennsylvania

11.

 

Ingram Micro L.P.

 

Tennessee

12.

 

Ingram Micro Texas L.P.

 

Texas

13.

 

Ingram Micro Inc.

 

Ontario, Canada

14.

 

AVAD Canada Ltd.

 

Canada

15.

 

Ingram Micro Holdco Inc.

 

Ontario, Canada

16.

 

Ingram Micro LP

 

Ontario, Canada

17.

 

Ingram Micro Logistics LP

 

Ontario, Canada

18.

 

Ingram Micro Japan Inc.

 

Delaware

19.

 

Ingram Micro Singapore Inc.

 

California

20.

 

Ingram Micro Taiwan Inc.

 

Delaware

21.

 

Ingram Micro Texas LLC

 

Delaware

22.

 

Intelligent Express, Inc.

 

Pennsylvania

23.

 

RND, Inc.

 

Colorado

24.

 

Computek Enterprises (U.S.A.) Inc.

 

Florida

25.

 

Ingram Export Company Ltd.

 

Barbados

26.

 

Ingram Micro Compañia de Servicios, S.A. de C.V.

 

Mexico

27.

 

Ingram Micro Latin America & Caribbean Inc.

 

Delaware

28.

 

Ingram Micro Chile, S.A.

 

Chile

29.

 

Ingram Micro Peru, S.A.

 

Peru

30.

 

Ingram Micro Latin America

 

Cayman Islands

31.

 

Ingram Micro Argentina, S.A.

 

Argentina

32.

 

Ingram Micro Brasil Ltda.

 

Brazil

33.

 

Ingram Micro Tecnologia E Informatica Ltda

 

Brazil

34.

 

Ingram Micro Caribbean

 

Cayman Islands

35.

 

Ingram Micro Logistics Inc.

 

Cayman Islands

36.

 

CIM Ventures Inc.

 

Cayman Islands

37.

 

Ingram Micro Mexico, S.A. de C.V.

 

Mexico

38.

 

Ingram HoldCo SRL de C.V.

 

Mexico

39.

 

Export Services Inc.

 

California

40.

 

Securematics, Inc.

 

California

41.

 

Ingram Micro SB Holdings Inc.

 

Cayman Islands

42.

 

Ingram Micro SB Inc.

 

California

43.

 

Ingram Micro Management Company

 

USA (California)

44.

 

Ingram Micro Atlantic Holding Inc.

 

Cayman Islands

45.

 

Ingram Micro North Atlantic Holding Inc.

 

Cayman Islands

46.

 

Ingram Micro International Inc.

 

Cayman Islands

47.

 

Ingram Micro Europe Treasury LLC

 

USA (Delaware)

48.

 

Ingram Micro Luxembourg Sarl

 

Luxembourg

49.

 

Ingram Micro SAS

 

France

50.

 

Ingram Micro GmbH

 

Switzerland

 

51.

 

Ingram Micro Holding GmbH

 

Germany

 

52.

 

Ingram Micro Pan Europe GmbH

 

Germany

 

53.

 

Ingram Micro Distribution GmbH

 

Germany

 

54.

 

Ingram Micro Israel Ltd

 

Israel

 

55.

 

Bright Creative Communications BV

 

Netherlands

 

56.

 

Ingram Micro Europe GmbH

 

Germany

 

57.

 

Ingram Macrotron GmbH

 

Germany

 

58.

 

Ingram Micro Administration GmbH

 

Germany

 

59.

 

Macrotron Process Technologies GmbH

 

Germany

 

60.

 

Eurequat Portugal LDA

 

Portugal

 

61.

 

Ingram Micro Europe BVBA

 

Belgium

 

62.

 

Ingram Micro BVBA

 

Belgium

 

63.

 

Ingram Micro GmbH

 

Austria

 

64.

 

Vapriva BVBA

 

Belgium

 

65.

 

Handelsmaatschappij voor Computers BVBA

 

Belgium

 

66.

 

Ingram Micro Magyarorszag Kft

 

Hungary

 

67.

 

Interact BVBA (acquired 13 Sep 2010)

 

Belgium

 

68.

 

Ingram Micro BV

 

Netherlands

 

69.

 

Ingram Micro SL

 

Spain

 

70.

 

Ingram Micro Holdings Ltd

 

UK

 

71.

 

Ingram Micro (UK) Ltd

 

UK

 

72.

 

Ingram Micro Coordination Center BVBA

 

Belgium

 

73.

 

Ingram Micro Nordic Holding BVBA

 

Belgium

 

74.

 

Ingram Micro ApS

 

Denmark

 

75.

 

Ingram Micro AB

 

Sweden

 

76.

 

Ingram Micro AS

 

Norway

 

77.

 

Ingram Micro Srl

 

Italy

 

78.

 

Ingram Micro Oy

 

Finland

 

79.

 

Ingram Micro (Thailand) Ltd

 

Thailand

 

80.

 

Ingram Micro Asia Holdings Inc.

 

California

 

81.

 

Ingram Micro Asia Pacific Pte. Ltd

 

Singapore

 

82.

 

Ingram Micro New Zealand Holdings

 

New Zealand

 

83.

 

Tech Pacific Holdings (NZ) Limited

 

New Zealand

 

84.

 

Ingram Micro (NZ) Limited

 

New Zealand

 

85.

 

Ingram Micro Asia Ltd.

 

Singapore

 

86.

 

Megawave Pte Ltd

 

Singapore

 

87.

 

Ingram Micro Singapore (Indo-China) Pte Ltd

 

Singapore

 

88.

 

PT Ingram Micro Indonesia

 

Indonesia

 

89.

 

Ingram Micro Semiconductor Asia Pte. Ltd.

 

Singapore

 

90.

 

Ingram Micro Malaysia Sdn Bhd

 

Malaysia

 

91.

 

Ingram Micro Holding (Thailand) Ltd

 

Thailand

 

92.

 

Ingram Micro Hong Kong (Holding) Ltd

 

Hong Kong

 

93.

 

Ingram Micro (China) Ltd

 

Hong Kong

 

94.

 

Ingram Micro (China) Holding & Commercial Co. Ltd.

 

China

 

95.

 

Ingram Micro International Trading (Shanghai) Co., Ltd

 

China

 

96.

 

Tech Pacific (N.Z.) Ltd

 

New Zealand

 

97.

 

Techpac Holdings Limited

 

Bermuda

 

98.

 

Tech Pacific Asia Limited

 

British Virgin Islands

 

99.

 

Tech Pacific (H.K.) Limited

 

Hong Kong

 

100.

 

Tech Pacific Limited

 

Hong Kong

 

101.

 

First Tech Pacific Distributors Sdn Bhd

 

Malaysia

 

102.

 

Tech Pacific Inc.

 

Philippines

 

103.

 

Tech Pacific (Singapore) Ltd.

 

Singapore

 

104.

 

Tech Pacific Mauritius Limited

 

Mauritius

 

105.

 

Techpac Mauritius Limited

 

Mauritius

 

106.

 

Surajami Investment & Trading Co. Ltd

 

India

 

107.

 

Ingram Micro India Limited

 

India

 

108.

 

Ingram Micro (India) Exports Pte Ltd

 

Singapore

 

109.

 

Ingram Micro Holdings (Australia) Pty Ltd

 

Australia

 

110.

 

Ingram Micro Pty Ltd

 

Australia

 

111.

 

Ingram Micro Australia Pty Ltd

 

Australia

 

112.

 

Ingram Micro Lanka (Private) Limited

 

Sri Lanka

 

113.

 

Tech Pacific (Thailand) Co., Ltd

 

Thailand

 

114.

 

TP Holdings Limited

 

Bermuda

 

 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.44.43

UK Pound

1

Rs.71.90

Euro

1

Rs.63.41

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.