|
Report Date : |
25.07.2012 |
IDENTIFICATION DETAILS
|
Name : |
BITATEK CO., LTD. |
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Registered Office : |
2, |
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Country : |
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Date of Incorporation : |
23.01.2002 |
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Com. Reg. No.: |
13015651 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture of Auto ID Reader and Portable Data Terminal. |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Notes:
The exact name is as above.
The supplied address is incomplete, and the exact address is as above.
|
Credit Opinion: |
Note:
Subject declined to disclose the staff number, and from other sources, we couldn’t obtain the information, either.
Subject
was incorporated on
Awards
|
Year |
Awards |
|
2010 |
Blue chip importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2010 |
20,000,000 |
|
Subscription
Shares |
|
|
Yongcun Cai |
350,000 |
|
Qinan Gao |
|
|
134,400 |
|
|
Jianyu Lai |
1,975,500 |
|
Siling Cai |
38,500 |
The information above is that of subject’s major shareholders.
Core
Management
|
1 |
|
|
Name |
Yongcun Cai |
|
Position |
Board of Chairman |
|
2 |
|
|
Name |
Qinan Gao |
|
Position |
Director |
|
3 |
|
|
Name |
Jianyu Lai |
|
Position |
Director |
|
4 |
|
|
Name |
Zhilong Wang |
|
Position |
Director |
|
5 |
|
|
Name |
Zhicheng Zhang |
|
Position |
Director |
|
6 |
|
|
Name |
Siling Cai |
|
Position |
Supervisor |
|
7 |
|
|
Name |
Dehong Zhan |
|
Position |
Supervisor |
Offices
& Factories
|
|
Headquarters |
|
Add |
|
Production
Information
l
Subject is a manufacturer of auto ID reader and portable data terminal
and the related products with the production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International trade |
|
F119010 |
Wholesale of
electronic material |
|
F118010 |
Wholesale of
software |
|
F213040 |
Wholesale of
precious instruments |
|
ZZ99999 |
Besides licensed
business, all other business items those are not banned or restricted. |
l
The components and raw material for production are
mostly purchased from local.
l
Subject is mainly engaged in manufacturing and
trading of auto ID reader and portable
data terminal and the related products.
l
Subject introduced that its major products sold as
following:
|
Product |
Sales Region |
|
1 |
Mobile Computer |
|
2 |
Barcode Scanners |
|
3 |
Software Tools
and Applications |
|
4 |
Bluetooth
Scanner |
|
5 |
Others |
l
Subject introduced that it also supplies the
logistics service and warehouse service.
l
Subject’s selling territory covers all over the
world.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Subject declined to disclose the purchase
settlements information, and from other sources, we couldn’t obtain the
information, either.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Auto ID reader and portable data terminal and the related products |
COB, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Auto ID reader and portable data terminal and the related products |
L/C , T.T, etc. |
100% |
Notes:
Subject’s settlement for export is generally in USD
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’s relevant staff Ms. Lai declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.
The bankers’ information is not available from the subject or other sources.
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.
|
Name |
Ms. Lai |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.02 |
|
UK Pound |
1 |
Rs.86.89 |
|
Euro |
1 |
Rs.67.84 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.