MIRA
INFORM REPORT
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Report Date : |
22.03.2011 |
IDENTIFICATION DETAILS
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Name : |
VIEWSONIC INT'L CORP |
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Registered Office : |
9FL, |
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Country : |
Taiwan |
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Date of Incorporation : |
19.01.1990 |
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Com. Reg. No.: |
23553019 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Manufacturer of CAD and |
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 450,000 |
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Status : |
Good |
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Payment Behaviour : |
No Complaints |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Name and address
VIEWSONIC
INT'L CORP
9FL,
TAIPEI HSIEN 235, TAIWAN
TEL: 886-2-22463456/22408238 FAX:
886-2-82423666
EXECUTIVE SUMMARY
INCORPORATION DATE : JANUARY 19, 1990
REGISTRATION NO. :
23553019
LEGAL FORM :
PRIVATE COMPANY WITH LIMITED LIABILITY
CHIEF EXECUTIVE :
MR. JAMES CHIA-LIANG
STAFF STRENGTH :
250
PAID-UP CAPITAL :
NTD 380,000,000
BUSINESS LINE : MANUFACTURER
TURNOVER :
NTD 1,619,000,000 (AS OF DECEMBER, 2009)
EQUITIES :
N/A (AS OF DECEMBER, 2009)
PAYMENT :
ABOVE AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE :
TWD 29.57225 = 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 –
Name in Local Language : 優派國際股份有限公司
Acronym: VSI
*Company Name*
=============
Incorporated as :
VIEWPERFECT INT'L CO LTD
Date of incorporation : 19
January, 1990
Changed name to :
VIEWSONIC INT'L CORP
Date of change :
N/A
*OTHER LICENSES*
================
Issuing Authority: Industrial Development Bureau - Ministry of Economic
Affairs
License Name: Factory license
License Number: 9960067401
Date of Issuance: 20 Jul, 2001
*CAPITAL (Currency: NTD - New
=====================================
Authorized Capital: 380,000,000
Paid-up Capital: 380,000,000
*PREVIOUS CONTACT DETAILS*
============================
Company Address : 9Fl, 8, Lane 348, Chung Shan Rd Section 2, Chungho
City, Taipei Hsien 235
Phone Number : 886-2-22484072
*REAL ESTATE OWNERSHIP*
=========================
The following property / ies are owned by VIEWSONIC INT'L CORP:
Property Name : VIEWSONIC INT'L CORP -
Type of Property : Entire office building
Address : 9Fl,
Office Size : 1,500 Square meters
Estimated Value : NTD 475,200,000.00
Property Legal Status : Mortgaged
*REPUTATION*
=============
Reference checking for the purpose of establishing the VIEWSONIC INT'L
CORP's reputation within the respective industry failed to reveal any adverse
information.
www.viewsonic.com this website belongs to “ViewSonic Corporation” in the
E-mail: vsi@viewsonic.com.tw
Litigation ( 1 ) Not
Adverse
Position : Plaintiff
Other Parties Involved : Position Country
Party's Name
Plaintiff Taiwan
AMTRAN TECHNOLOGY CO LTD
Case Issue : Payment for the goods
Court : Panchiao
Date Closed : 27 Oct, 2006
Status : Case closed
Summary : Because the defendant ViewSonic Int’l Corp Order for two
shipments by Plaintiff AMTRAN TECHNOLOGY CO LTD, but the defendant did not pay
the due time.
Thus the Court in accordance with Civil Code Article 223 paragraph 1,
"delay the debt, to pay money for the subject, creditors may request the
delay according to the legal interest rate. "
Finally, the court judged the defendant to pay plaintiff the court US $
340,010, five per cent interest per annum from the Republic of China 94 May 14
until settlement date.
*Major Shareholders*
===============
Total number of shareholders: 1
Total number of shares: N/A
Shareholders Country %
VIEWSONIC INT'L CORP
Name Nationality
Job Description Dept. / Division
Mr. Chung-ying Chang Taiwanese
General Manager Business Development
Ms. Lung-chen Hsu Taiwanese
Manager Project
Ms. Yvonne Chu-ching Huang Taiwanese
Manager Public Relations
Ms. Hua-min Ku Taiwanese
Executive Customer Service
Ms. Chin-wen Lu Taiwanese
Executive Customer Support
Ms. Feng-er Chang Taiwanese
Executive Producer -
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Chung-ying Chang
2
Name : Ms. Feng-er Chang
Tel : 886-2-22463456
3
Name : Ms. Lung-chen Hsu
4
Name : Ms. Yvonne Chu-ching Huang
Tel : 886-2-22463456
5
Name : Ms. Hua-min Ku
Tel : 886-2-22463456
6
Name : Ms. Chin-wen Lu
Tel : 886-2-22463456
Ext : 892
7
Name : Mr. James Chia-liang
Nationality : Taiwanese
Country of Residence :
8
Name : Mr. Tai-ying Chu
Nationality : Taiwanese
*CORE BUSINESS DESCRIPTION*
===========================
Core Business
-------------------
The primary business focus of VIEWSONIC INT'L CORP is:
·Manufacturing - Finished products
An integral part of the core business includes:
·Research & Development (R&D)
·After sales services & maintenance
·Distribution
Supplementary Business
-------------------------------
In addition to the core business, VIEWSONIC INT'L CORP also is engaged
in the following areas of business:
Exporting
·Exporting - Finished products
Importing
·Importing - Components
*Primary Products*
==============
Activity Products / Materials /
Services Description
Manufacturing CAD & CAM
Manufacturing Color
monitors
Manufacturing Composite
displays
Manufacturing Computer
monitors
Manufacturing DTP monitors
*BRAND*
=========
Optiquest
ViewSonic
*PAYMENT TERMS*
=================
Selling
--------
Type Terms
Local Cash on delivery
(COD)
Credit - Secured with Post-dated checks
30~90 days
Export Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Received at
time of transaction
Purchasing
-------------
Type Terms
Local Cash on delivery
(COD)
Credit - Secured with Post-dated checks
30~90 days
Import Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Executed at
time of transaction
Documents against Acceptance (D/A)
*TRADE SHOWS*
===============
Exhibition Acronym
Country Participating Year
COMPUTEX
COMPUTEX
COMPUTEX
COMPUTEX
*ASSOCIATIONS*
===============
*COMPETITORS*
==============
The following is a representative list of local competitors:
ACME ELECTRONICS CORP
AOPEN INC
BENQ CORP
CHI MEI CORP
MAG TECHNOLOGY CO LTD
*DOMESTIC SALES & PURCHASES*
=============================
Annual Sales Analysis Percentage
---------------------------- --------------
Domestic Sales 80%
International Sales (Export) 20%
Annual Purchases Analysis Percentage
---------------------------- --------------
Local Purchases 90%
Imports 10%
*DOMESTIC SUPPLIERS*
=====================
TECHVIEW INT'L TECHNOLOGY INC
*DOMESTIC CUSTOMERS*
=======================
ALAM TECHNOLOGY CO LTD
BESTCOM INFOTECH CORP
CHUAN TI CO LTD
E-FLY COMPUTER CO
LEADLEAP TECHNOLOGY CORP
MIN TEC CO LTD
SHIN TSON INT'L CORP
SHYNG YEUAN CO LTD
V-STAR TECHNOLOGIES CORP
WEBLINK INT'L INC
YUAN DA INFO CO LTD
Direct Parent: VIEWSONIC INT'L CORP
Country:
PAYMENT RATING : 2 OBTAINED SCORES : 75
|
Implication |
Implications |
|
|
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 FAIRLY
LARGE amounts depending on individual judgement experience.
*BANK DETAILS*
===============
Bank Name : CHANG HWA COMMERCIAL BANK LTD
Branch : Central Dist,
Branch Address : CHANG HWA COMMERCIAL BANK LTD -
SWIFT Code : CCBCTWTP
Bank Name : CHINATRUST COMMERCIAL BANK LTD
Branch : Hsin-i Dist,
Branch Address : CHINATRUST COMMERCIAL BANK LTD - HSIN-I DIST,
SWIFT Code : CTCBTWTP
Bank Name : GRAND COMMERCIAL BANK
Branch : Tatung Dist,
Branch Address :
SWIFT Code : This bank does not have a SWIFT Code
*FINANCIAL STATEMENT – DETAILED*
=================================
Currency : NTD
Denomination : 1
Financial Year Ending : December
Financial Highlights As
of 2009
------------------------- -------------
Total Assets(*) 260,000,000
Turnover(*) 1,619,000,000
Profit After Tax attributable to Shareholders(*) 62,000,000
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
2008 $88,198,757.76 $8,074,534.16 $3,322,981.37
2009 (*) $50,326,391 $8,082,064 $1,927,261
Note: (*)
Financials listed are the most
recent available for this company.
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
1997 $17,400,000.00 $16,100,000.00 $33,500,000.00
1998 $16,500,000.00 $10,100,000.00 $26,600,000.00
1999 $28,800,000.00 $24,200,000.00 $53,000,000.00
2000 $55,868,538.00 $18,851,175.00 $74,719,713.00
2001 $34,197,617.00 $11,903,715.00 $46,101,332.00
2002 $45,729,545.85 $8,944,259.84 $54,673,805.69
2003 $78,885,839.10 $1,847,826.99 $80,733,666.09
2004 $100,002,406.02 $2,000,000.00 $102,002,406.02
2006 $53,385,144.01 $34,242,919.01 $87,628,063.02
2007 $77,872,357.00 $40,946,678.00 $118,819,035.00
2008 $68,013,265.00 $28,108,135.99 $96,121,400.99
2009 $31,563,178 $116,270 $31,679,448
SC is considered large-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 450,000 appears to be within SC’s capacities.
Attached: trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing, Trading 3577 Computer peripheral equipment, and parts,
Manufacturing, Exporting 5065
Electronic Parts/Equip, NEC
Manufacturing, Exporting 3679
Electronic components,
Importing 3648
Lighting equipment, (including
commercial)
Manufacturing, Trading 3651 Radio & tv receiving sets; phonographs;
recorders; microphones; loudspeakers; audio amplifiers; & oth audio equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Manufacturing 8471
Automatic data process
machines; magn reader, etc. computer hardware
Manufacturing 8471603500
Color cathode-ray tube (crt)
monitors
Trading, Importing 8471601035
Combination input/output units with
color cathode ray tube (crt), whether or not containing storage units in the
same housing
Importing 8471491035
Digital processing unit which may
contain in same housing 1 or 2 of the following units: storage, input or
output, with color crt, entered with system
Importing 8539320020
Discharge lamps, (ex ultraviolet),
sodium vapor
Manufacturing 8471925000
Display units without a cathode ray
tube (crt)
Manufacturing, Exporting 8542
Electronic integrated
circuits & microassembl, parts
Manufacturing 9013
Liquid crystal devices
nesoi; lasers; opt appl; parts
Importing 8518220000
Multiple loudspeakers, mounted in
same enclosure
Trading 8473300000
Parts and accessories for automatic
data processing machines and units
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Ranking Products / Materials / Services
Description
Manufacturing, Exporting Primary Electronic
products
Manufacturing Primary IA
products
Manufacturing Primary LCD
(liquid crystal displays)
Manufacturing Primary LCD
monitors
Manufacturing Primary LCD
projectors
Manufacturing Primary LED
display board
Manufacturing Primary Moving
signs
Manufacturing Primary Plasma
displays
Manufacturing Primary Software
tool
Manufacturing Primary TV
walls
Trading Secondary Data
processing machine parts
Trading Secondary Digital
processing units
Importing Secondary Discharge
lamps
Importing Secondary Multiple
loud speakers
Trading Secondary Portable
digital adapting m/c
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Estimated level of importance Trading Activity
Middle-East Medium Exporting
Ireland Medium
Importing
Israel Medium
Exporting
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.05 |
|
|
1 |
Rs.73.05 |
|
Euro |
1 |
Rs.63.81 |
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 |
|
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 |
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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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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-- |
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.