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Report Date : |
17.08.2012 |
IDENTIFICATION DETAILS
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Name : |
VOLKTEK CORPORATION |
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Registered Office : |
4FL., No.192, Lianchang St., Zhonghe Dist., New Taipei City 235, (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
24.03.1994 |
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Com. Reg. No.: |
84761405 |
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Legal Form : |
Joint Stock Company |
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LINE OF BUSINESS : |
MANUFACTURE AND SALES OF NETWORK DEVICES, ETC |
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No. of Employees : |
70-80 employees |
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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Status : |
Satisfactory |
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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Taiwan |
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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
4FL., No.192, Lianchang St., Zhonghe Dist., New Taipei City 235,
Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as
above.
Subject was incorporated
on
|
Name |
Subscription Shares |
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Qingyuan Chen |
1,712,056 |
|
Rongqi Liao |
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540,055 |
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Lianmeng Lin |
100,000 |
|
Zikun Ouyang |
150,000 |
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Taishan Yang |
100,000 |
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Li Tang |
1,710,000 |
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Yuanhui Peng |
120,000 |
The information above is that of subject’s major shareholders.
Regional Offices
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Scandinavia Address: Sjövägen 1, 194 67 Upplands Väsby, SWEDEN South Korea Address: 87-Ho, India Address: 2nd Floor, Regency Classic Building, No. 4-50/58/2, Plot No.
58, Jayabheri Enclave, Gachibowli,
Hyderabad 500 032, Andhra Pradesh, India |
Core Management
Directors
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1 |
|
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Name |
Qingyuan Chen |
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Position |
Board Chairman |
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2 |
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Name |
Rongqi Liao |
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Position |
Director |
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3 |
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Name |
Lianmeng Lin |
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Position |
Director |
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4 |
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Name |
Zikun Ouyang |
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Position |
Director |
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5 |
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Name |
Taishan Yang |
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Position |
Director |
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6 |
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Name |
Li Tang |
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Position |
Supervisor |
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7 |
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Name |
Yuanhui Peng |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
70-80 employees |
Offices & Factories
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|
Headquarters |
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Add |
4FL., No.192, Lianchang St., Zhonghe Dist., New Taipei City 235, Taiwan (R.O.C.) |
Production Information
Subject is engaged in design, development and manufacture of networking
devices, etc
Purchase Information
The major registered activities of subject:
|
Business Code |
Details |
|
CC01060 |
Manufacture of Cable communication mechanical equipment |
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CC01070 |
Manufacture of wireless communication mechanical equipment |
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CC01110 |
Manufacture of Computer and peripheral equipment |
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F401010 |
International Trading Business |
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I301010 |
Information software services |
Subject purchases both at home and abroad
The subject is mainly engaged in sales of
fiber networking products for Metro Ethernet and SMB applications.
Subject’s products are both sold in domestic and overseas market and
subject has offices in Sweden, India and South Korea for local business.
It is introduced that subject’s export proportion is 95%.
Subject’s major product lines:
|
1 |
Metro Ethernet, including telco-grade
switches and residential routers and gateways |
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2 |
SMB Ethernet Switches |
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3 |
Media Converters |
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4 |
Industrial/Hardened Ethernet |
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
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Raw materials
and components, etc |
COD, Credit
Sales, etc |
100% |
Foreign
Purchase
|
Payment Terms |
Proportion |
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Raw materials
and components, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Networking
Devices, etc |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Networking
Devices, etc |
CBD, etc |
100% |
Subject has no obligations to disclose its financial
statements to the third party according to the relevant policy in Taiwan and
the only source from which we can obtain the information is the subject itself.
Subject declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Subject declined to disclose its bank details;
from other source we can not obtain the relevant information, either.
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.
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.99 |
|
UK Pound |
1 |
Rs.87.55 |
|
Euro |
1 |
Rs.68.69 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
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 |
---- |
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.