MIRA
INFORM REPORT
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Report Date : |
26.03.2011 |
IDENTIFICATION DETAILS
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Name : |
OCOM COMMUNICATIONS INC |
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Registered Office : |
15FL-4, |
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Country : |
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Date of Incorporation : |
29.08.2007 |
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Com. Reg. No.: |
28705660 |
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Legal Form : |
Private Company With Limited Liability |
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Line of Business : |
Trading of Cable modems, Ethernet, Gateways, IR cameras,
Line extender amplifiers |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 30,000 |
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Status : |
Small Company |
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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
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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 company
OCOM
COMMUNICATIONS INC
15FL-4,
TEL: 886-2-32330355 FAX: 886-2-32330356
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUG. 29, 2007
REGISTRATION NO. :
28705660
LEGAL FORM : PRIVATE COMPANY WITH LIMITED
LIABILITY
CHIEF EXECUTIVE :
MR. CHIU-TSAI CHEN (CHAIRMAN)
STAFF STRENGTH :
12
PAID-UP CAPITAL :
NTD 25,000,000
BUSINESS LINE :
TRADER
TURNOVER :
NTD 28,000,000 (AS OF DECEMBER, 2009)
EQUITIES :
N/A (AS OF DECEMBER, 2009)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 29.49149 = 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 –
Registered Legal Address: 13Fl-6,
Name in Local Language :
*CAPITAL (Currency: NTD - New
======================================
Authorized Capital: 25,000,000
Paid-up Capital: 25,000,000
*OFFICE & FACILITIES*
====================
Name : OCOM COMMUNICATIONS INC -
Building Size : 100 Square meters
Employees : 12
Type of Location : Commercial
Address : 15Fl-4,
Country :
Ownership of Property : Rented / Leased
Status : Operational
*REPUTATION*
=============
Reference checking for the purpose of establishing the OCOM
COMMUNICATIONS INC's reputation within the respective industry failed to reveal
any adverse information.
www.ocom.com.tw
The design is professional and the content is well organized. At present it is
in both Chinese and English versions.
E-mail: info@ocom.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 4
Total number of shares: 741,250
Shareholders Country Number %
Mr. Chiu-tsai Chen
Ms. Mei-chen Wang
Taiwan 160,000 21.59
Mr. Yu-li Chien
Mr. Hsin-hung Liu
Name Nationality
Job Description Dept. / Division
Mr. Chiu-tsai Chen Taiwanese
President Regional
Mr. Kevin Liu Taiwanese
Manager Sales
*COMPANY DIRECTORS*
=====================
1
Name : Mr. Chiu-tsai Chen
Nationality : Taiwanese
2
Name : Mr. Hsin-hung Liu
Nationality : Taiwanese
3
Name : Mr. Yu-li Chien
Nationality : Taiwanese
4
Name : Ms. Feng-ping Yang
Nationality : Taiwanese
5
Name : Ms. Hsiao-yan Chen
Nationality : Taiwanese
6
Name : Mr. Kevin Liu
*Core Business Description*
====================
Core Business
--------------------
The primary business focus of OCOM COMMUNICATIONS INC is:
·General trading - Finished products
Supplementary Business
------------------------------
In addition to the core business, OCOM COMMUNICATIONS INC also is engaged
in the following areas of business:
Exporting
·Exporting - Finished products
Importing
·Importing - Finished products
Service
·Specialized professional services
■System
integration
*Primary Products*
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Activity Products / Materials /
Services Description
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Trading Cable modems
Trading Ethernet
Trading Gateways
Trading IR cameras
Trading Line extender
amplifiers
*PAYMENT TERMS*
=================
Selling
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Type Terms
Local Cash on delivery
(COD)
Credit - Secured with Post-dated checks
30~60 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
30~60 days
Import Letter of Credit
(At-sight)
Telegraphic Transfer (T/T) - Executed at
time of transaction
*COMPETITORS*
==============
The following is a representative list of local competitors:
ADVANCED ENERGY TAIWAN LTD
HF BROADBAND NETWORK TECHNOLOGY CO LTD
INTERNATIONAL METRO OPTOCOM CORP
LO PIN
PRO-JES TECHNOLOGY CO LTD
*DOMESTIC SALES & PURCHASES*
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Annual Sales Analysis Percentage
--------------------------- --------------
Domestic Sales 90%
International Sales (Export) 10%
Annual Purchases Analysis Percentage
--------------------------- --------------
Local Purchases 10%
Imports 90%
*Sales Channel Analysis*
====================
Sales Channel Sales
Channel Ownership Percentage
----------------- ------------------------------- ---------------
Direct end-user /consumer Owned
by Subject Business Entity (SBE) 100%
customer sales - via sales team
*Customer Type Analysis*
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Customer Type Percentage
-------------------- ---------------
Construction firms 30%
Government Local government 30%
Schools 20%
Corporate clients 20%
*OVERSEAS SUPPLIERS*
=====================
AXIS COMMUNICATIONS AB
URSCOM COMPUTER & COMMUNICATION GMBH
SC
is not known to have any subsidiary at present.
PAYMENT RATING : 3 OBTAINED SCORES : 53
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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 SMALL
amounts depending on individual judgement experience.
*BANK DETAILS*
===============
Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : FUBON COMMERCIAL BANK
Branch : Ta-an Dist,
Branch Address : 2Fl B1 Fubon Banking Center 169 Jen Ai Rd Section 4
Ta-an Dist Taipei City 106 (Head Office)
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
------------------------- --------------
Turnover(*) 28,000,000
Profit After Tax attributable to Shareholders(*) 1,260,000
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
2009(*) $870,376 n/a
$39,167
Note: (*)
Financials listed are the most recent available for this company.
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2008 $320,000 $48,000 $368,000
2009 $400,000 $60,000 $460,000
SC is considered small-sized in its line with a development history of 4
years. Taking into consideration of SC’s general performance, a credit line up
to USD 30,000 appears to be within SC’s capacities.
Attached: trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 7379 Computer Related Svcs, NEC
Trading 3600 Electronic & Electric Equip.
Trading 5065 Electronic Parts/Equip, NEC
Trading 3679 Electronic components,
Trading 3651 Radio & tv receiving sets; phonographs;
recorders; microphones; loudspeakers; audio amplifiers; & oth audio equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Service 9923 Computer related services, nec
Trading 8500 Electrical machinery &
equip. & parts; telecommunications equip., sound recorders, television
recorders
Trading 8518 Microphones; loudspeakers; sound
amplifier etc, parts
Trading 8517408010 Modems (modulator-demodulator apparatus)
Trading 9006 Photographic still cameras,
flash apparatus etc
Trading 8540810000 Receiver or amplifier tubes
Trading 8540204000 TV camera, image intensifier &
converter tubes
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Ranking Products / Materials / Services Description
Trading Primary Media
converter
Trading Primary Micro
node
Trading Primary Optical
node
Trading Primary Optical
transmitter
Trading Primary Port
optical node
Trading Primary Receivers
Trading Primary Speed
dome cameras
Trading Primary Triple-play
gateway
Trading Primary Trunk
amplifiers
Trading Primary Video
server
Service Secondary Product
integration
Service Secondary System
integration
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Estimated level of importance Trading Activity
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.65 |
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1 |
Rs.71.91 |
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Euro |
1 |
Rs.63.28 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.