MIRA INFORM REPORT
|
Report Date : |
08.09.2011 |
IDENTIFICATION DETAILS
|
Correct Name : |
ADVANTECH CO., LTD. |
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Registered Office : |
No.1, Alley 20, Lane 26, Rueiguang Rd., Neihu District,
Taipei 114 |
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Country : |
Taiwan |
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Date of Incorporation : |
07.09.1981 |
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Com. Reg. No.: |
05155853 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Sales of Industrial Mobile Computers |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 80,000 |
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|
Status : |
Satisfactory |
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Payment
Behaviour : |
Usually Correct |
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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 – 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 |
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Restricted |
C2 |
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Off-credit |
D |
Contact
Points
|
Company Name: |
|
|
Supplied Name: |
ADVANTECH |
|
Trading Address: |
No.1, Alley 20, Lane 26, Rueiguang Rd.,
Neihu District, Taipei 114, Taiwan, R.O.C. |
|
Supplied Address: |
No. 1, Alley 20, Lane 26, Rueiguang Road,
Neihu District, Taipei 114 |
|
Telephone Number: |
+886-2-27927818 |
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Fax Number: |
+886-2-27947310 |
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
|
Registered Name: |
Advantech Co., Ltd. |
|
Registered
Address: |
No.1, Alley 20, Lane 26, Rueiguang Rd.,
Neihu District, Taipei 114, Taiwan, R.O.C. |
|
Date of
Foundation: |
|
|
Registration
Number: |
|
|
Registry: |
Ministry of Economic Affairs |
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Registered
Capital: |
NTD 6,000,000,000
(USD 206,400,000) (As of 2011.09, 1 NTD = 0.0344 USD) |
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Paid-up Capital: |
NTD 5,517,971,220
(USD 189,818,209.968) |
|
Legal
Representatives: |
|
|
Legal Form: |
|
|
Principal
Activities: |
Sales of
Industrial
Mobile Computers |
|
Staff: |
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Listed at Stock Exchange: |
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|
Date of Last Annual Return: |
History
Subject was incorporated on 1981-9-7 with registered number 05155853 as Joint Stock Company in Taiwan.
Awards
|
Year |
Awards |
|
2007 |
Blue chip importer and exporter |
|
2008 |
Blue chip importer and exporter |
|
2009 |
Blue chip importer and exporter |
Standard of Blue chip importer
and exporter
Unit: USD
|
Year |
Amount |
|
2007 |
18,000,000 |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
Shareholders
|
Name |
Subscription
Shares |
|
21,185,897 |
|
| Zonglin Zeng |
16,594,810 |
|
228 |
|
|
67,886,113 |
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|
|
|
Notes: The information above is that of subject’s major
shareholders.
Subsidiaries &
Branches
Personnel
Information
Core Management
|
1 |
|
|
Name |
Kezhen Liu |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Zonglin Zeng |
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Position |
Director |
|
3 |
|
|
Name |
Shichang Xu |
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Position |
Director |
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4 |
|
|
Name |
Zhuomin Yu |
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Position |
Independent Director |
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5 |
|
|
Name |
Chengju Fan |
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Position |
|
|
6 |
|
|
Name |
Guofeng Wu |
|
Position |
Auditor |
|
7 |
|
|
Name |
Yanxue Su |
|
Position |
Auditor |
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8 |
|
|
Name |
Tianchong Chen |
|
Position |
|
Personnel Structure
|
Total Employees |
More
than10 Employees |
Operation
Information
Offices & Factories
|
|
Headquarters
|
|
Add |
No.1, Alley 20,
Lane 26, Rueiguang Rd., Neihu District, Taipei 114, Taiwan, R.O.C. |
l
Subject produces Industrial Mobile
Computers.
Purchase Information
l
The components and raw material for production are mostly
purchased from domestic markets.
l
The subject is mainly engaged in sales of Industrial Mobile Computers.
l
The subject sells products around the world.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan and Mainland, China)
|
Payment
Terms |
Proportion |
|
|
Raw material |
COD,
etc |
100% |
Foreign
Purchase
Sales
Domestic
Markets (Taiwan)
|
Sales
Terms |
Proportion |
|
|
CBD,
etc |
100% |
Export
|
Sales
Terms |
Proportion |
|
|
CBD,
etc |
100% |
Financial
Information
|
Year: |
Sales |
|
2010 |
About USD 8,000,000 |
Notes: We obtain the information of subject from public files which is not confirmed by subject.
Bankers
|
Name |
Taiwan
Bank |
Public
Record
Mortgage
No chattel
mortgage record of subject has been found within the recent 3 months.
Lawsuit
Up to date of reporting, no existing or
latent litigation of the subject has been found.
Interview
Details
|
Name |
Shichang Xu |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.46.02 |
|
UK Pound |
1 |
Rs.73.61 |
|
Euro |
1 |
Rs.64.78 |
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 |
|
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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.