MIRA INFORM REPORT
|
Report Date : |
02.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
PUNCH VIDEO INC. |
|
|
|
|
Registered Office : |
NO.18, Chung Shing Rd.,
Tucheng Dist., New Taipei City 236 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
30.07.1998 |
|
|
|
|
Com. Reg. No.: |
16561174 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacture and sales of display devices, etc |
|
|
|
|
No. of Employees
: |
120 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Maximum Credit Limit : |
USD 60,000 |
|
|
|
|
Status : |
Moderate |
|
|
|
|
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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
a2 |
a2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Contact
Points
|
Company Name: |
PUNCH VIDEO INC. |
|
Supplied Name: |
Punch Video INC Taiwan |
|
Trading Address: |
No.18, Chung Shing Rd., Tucheng Dist., New Taipei City 236, Taiwan
(R.O.C.) |
|
Supplied Address: |
No. 18 Chung Shing Road Tu-Cheng District New Taipei |
|
Telephone Number: |
+886-2-2267-9337 |
|
Fax Number: |
+886-2-2267-9226 |
Notes: Subject’s exact name and address are as above.
Credit
Summary
|
Credit Rating: |
|
|
Credit Opinion: |
Company
Identification Details
History
Subject was incorporated on
Shareholders
|
Name |
Subscription
Shares |
|
Longwen Zhang |
19,032,000 |
| Genghua
Zhang |
320,000 |
|
Yuqin Zhang |
480,000 |
|
Xiuzi Lin |
18,080,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Related Companies
|
1 |
|
|
Name: |
Necvox
International Co., |
|
Address: |
|
|
Tel: |
+886-2-25065443 |
|
Fax: |
+886-2-25167272 |
|
2 |
|
|
Name: |
PV XIAMEN, INC. |
|
Address: |
NO. 1-7,
Shuangfu Road, Chengnan iddustrial Tong an, Xiamen, 361021 |
|
3 |
|
|
Name: |
PV AMERICA, INC. |
|
Address: |
13157 FLORES ST., |
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Longwen Zhang |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Genghua Zhang |
|
Position |
Director |
|
3 |
|
|
Name |
Yuqin Zhang |
|
Position |
Director |
|
4 |
|
|
Name |
Xiuzi Lin |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 120 employees |
Operation
Information
Offices
& Factories
|
|
Headquarters |
|
Add |
No.18, Chung Shing Rd., Tucheng Dist., New Taipei City 236, Taiwan
(R.O.C.) |
Production
Information
l
Subject is a manufacturer
of automotive video equipment and subject obtained the certification of ISO
9001.
l
It is introduced that
subject has a factory with the area of 5,000 square meters in Taiwan and the
current production activity is about 25,000 display monitors per month.
l
It is introduced that 60%
of Subject’s sales comes from ODM / OEM service and 40% from its own brand.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
CC01030 |
Manufacture of electrical equipment
and Audio-visual electronic products |
|
CC01080 |
Manufacture of Electronic Components |
|
F113020 |
Wholesales of electrical
equipment |
|
F213010 |
Retails of electrical
equipment |
|
F401010 |
International Trading Business |
|
F401021 |
Import of Controlled
telecommunications radio-frequency devices |
|
CC01101 |
Manufacture of Controlled telecommunications
radio-frequency devices |
l
Subject purchases both at home and abroad.
Sales
Information
l
Subject is engaged in sales of automotive video
equipment including car TFT monitor, car DVD player, car DVD changer, car tuner
box, etc
l
Subject’s products are both sold in domestic and
overseas market. It is introduced that subject exports to USA, etc
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials and components, etc |
CBD, COD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials and components, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Automotive Video
Equipment |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Automotive Video Equipment |
CBD, etc |
100% |
Financial
Information
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.
Bankers
Subject declined to disclose its bank details; from other source we can
not obtain the relevant information, either.
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
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.53 |
|
UK Pound |
1 |
Rs.77.95 |
|
Euro |
1 |
Rs.64.66 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.