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Report Date : |
11.06.2012 |
IDENTIFICATION DETAILS
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Name : |
INFOCHAMP SYSTEMS CORPORATION |
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Registered Office : |
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Country : |
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Financials (as on) : |
31.12.2011 |
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Date of Incorporation : |
27.03.2000 |
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Com. Reg. No.: |
70767857 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
Design and supply i-SEAS solution system, etc |
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No. of Employees : |
About 300 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) |
|
|
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: |
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Supplied Address: |
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Telephone Number: |
+886-7-5350101 |
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Fax Number: |
+886-7-5353535 |
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E-mail: |
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Website: |
Notes:
The correct name and address are as above mentioned.
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Credit Opinion: |
Subject was incorporated on
|
Name |
Subscription Shares |
|
China Steel Corporation |
41,465,634 |
The information above is that of subject’s major shareholders.
Parent Company
|
Name |
|
|
Address |
1 Chung Kang
Road, Siaogang District, Kaohsiung 81223, Taiwan, R.O.C. |
|
Telephone Number |
+886-7-802-1111 |
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Listed at Stock
Exchange |
Yes, Stock Symbol: 2002 |
Branch Companies
|
1 |
|
|
Name |
Wuhan
InfoChamp I. T. Co., LTD. |
|
Address |
5th
Floor, Changjiang Ship Building 1, No.387 Linjiang Street, Wuchang District,
Wuhan, Hubei Province, China |
|
2 |
|
|
Name |
Taichung
Office (Automatic Control Engineering) |
|
Address |
No.
55, Kuang Fu Road , Wu Chi Town, Taichung County(43550), Taiwan ROC |
Core
Management
|
1 |
|
|
Name |
Guohua Zheng |
|
Position |
Chairman |
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Education |
Ph.D Materials
Engineering, Purdue University |
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Experience |
Chairman of
Gains Investment Corporation |
|
2 |
|
|
Name |
Ruoqi Zhou |
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Position |
Director |
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3 |
|
|
Name |
Zhiyu Song |
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Position |
Director |
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4 |
|
|
Name |
Zongren Zheng |
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Position |
Director |
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5 |
|
|
Name |
Zhenrong Chen |
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Position |
Director and
Manager |
|
Date of
Appointment |
|
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Education |
Master of
Science, Computer Engineering, University of Southern California |
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Experience |
Assistant vice
president of Engineering Division, CSC |
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6 |
|
|
Name |
Shihe Zhang |
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Position |
Director |
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7 |
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|
Name |
Minda Li |
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Position |
Director |
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8 |
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Name |
Zhongyi Lin |
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Position |
Superviser |
Personnel
Structure
|
Total Employees |
About 300 Employees |
Offices
& Factories
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|
Headquarters |
|
Add |
Operation
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
E605010 |
Installation of computer equipment |
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E701010 |
Communication engineering |
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F119010 |
Wholesale of electronic material |
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F113050 |
Wholesale of transactional machine equipment |
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F213030 |
Retail of transactional machine equipment |
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F118010 |
Wholesale of software information |
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F218010 |
Retail of software information |
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I103010 |
Business operation and management consultant |
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I301010 |
Software information service |
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I301020 |
Information processing service |
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I301030 |
Electronic information supplied service |
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I401010 |
Ordinary advertisement service |
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E603050 |
Automatic control equipment engineering |
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F601010 |
|
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F118010 |
Wholesale of software information |
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F218010 |
Retail of software information |
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I601010 |
Rental industry |
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F401021 |
Controlled telecommunications radio-frequency
devices input |
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CB01030 |
Pollution control equipment manufacturing |
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EZ05010 |
Installation of instrument, determinator |
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F213040 |
Retail of precise instrument |
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F213060 |
Retail of telecom equipment |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject is engaged in research and design of i-SEAS
solution system, which is a collaboration platform for the supply chain management
and customer relationship management.
l
The main types of subject products are Management
Information System and Automatic Control System.
l
Subject obtained the certification of CMMI Level
l
Subject mainly serves the customers in Taiwan, China
Mainland, Southeast Asia
l
Subject’s major customers include beltline steel
manufacturer, hot rolling manufacturer, cold rolling manufacturer, stainless
steel manufacturer, bar steel & wire rod mill manufacturer, section mill
manufacturer, etc.
Main Contents of i-SEAS Solutions
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Sales management |
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Production quality |
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Purchase and Transport |
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Equipment management |
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Financial management |
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Human resources |
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Information operation |
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Operation management |
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Import right |
Yes |
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Export right |
Yes |
It is introduced
that the details of settlements are to be negotiated.
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 Cloud declined to disclose its financials citing
the grounds of company’s confidentiality, and we supplied the consolidated
financial figures of subject’s parent company as followed for reference.
(Group)
Unit: NTD/000
|
Date |
2011-12-31 |
2010-12-31 |
2009-12-31 |
|
Current assets |
87,239,677 |
67,450,339 |
65,535,584 |
|
Funds and long-term investments |
144,049,544 |
133,951,112 |
111,427,187 |
|
Fixed assets |
187,141,146 |
176,196,996 |
158,878,650 |
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Intangible assets |
184,081 |
226,445 |
301,365 |
|
Other assets |
3,320,392 |
4,562,530 |
6,164,418 |
|
Total Assets |
421,934,840 |
382,387,422 |
342,307,204 |
|
Current liabilities |
49,454,425 |
47,970,103 |
38,165,930 |
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Long-term liabilities |
71,243,534 |
57,261,621 |
49,417,166 |
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Other liabilities |
2,637,956 |
2,531,867 |
2,691,479 |
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Total liabilities |
133,347,831 |
116,437,057 |
98,948,041 |
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Capital |
150,844,773 |
135,661,689 |
131,327,869 |
|
Capital surplus |
36,247,705 |
20,072,476 |
19,598,511 |
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Retained earnings |
80,051,881 |
94,337,962 |
74,351,367 |
|
Equity adjustments |
21,442,650 |
15,878,238 |
18,081,416 |
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Treasury stock |
0 |
0 |
0 |
|
Stockholders' equity |
288,587,009 |
265,950,365 |
243,359,163 |
|
Book value per share |
19.51 |
20.02 |
18.93 |
|
Number of treasury stock acquired by the company and
subsidiaries (unit: share) |
295,065,000 |
284,762,000 |
279,375,000 |
(Group)
Unit: NTD/000
|
Date |
2011 |
2010 |
2009 |
|
Operating incomes |
240,376,019 |
239,186,921 |
165,408,888 |
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Operating costs |
218,781,975 |
196,235,742 |
150,698,842 |
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Gross income (loss) from operations |
21,594,044 |
42,951,179 |
14,710,046 |
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Operating expenses |
7,056,957 |
6,950,161 |
6,252,488 |
|
Operating income (loss) |
14,598,981 |
36,048,628 |
8,277,704 |
|
Non-operating incomes and gains |
6,874,983 |
9,526,688 |
12,963,999 |
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Non-operating expenses and losses |
1,189,271 |
1,481,045 |
1,081,864 |
|
Income (loss) from continuing operations before income
tax |
20,284,693 |
44,094,271 |
20,159,839 |
|
Income tax expense (benefit) |
791,014 |
6,507,445 |
557,322 |
|
Net income (loss) from continuing operations |
19,493,679 |
37,586,826 |
19,602,517 |
|
Income (loss) from discontinued operations |
0 |
0 |
0 |
|
Income (loss) from extraordinary items |
0 |
0 |
0 |
|
Cumulative effect of changes in accounting principles |
0 |
0 |
0 |
|
Net income (loss) |
19,493,679 |
37,586,826 |
19,602,517 |
|
Adjusting item |
61,894 |
47,610 |
-179,854 |
Subject declined to disclose its bank details; from other source we cannot obtain the relevant information, either.
Civil Litigation
|
Trial Number: |
98, 雄簡調, 133 |
|
Trial Date: |
|
|
Reason: |
Settlement of debts |
Mortgage
No chattel mortgage record of subject has been found within the recent 3
months.
|
Name |
Cloud |
|
Position |
Sales |
|
Department |
Sales Department |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.36 |
|
UK Pound |
1 |
Rs.85.64 |
|
Euro |
1 |
Rs.69.21 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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 |
|
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.