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Report Date : |
09.10.2012 |
IDENTIFICATION DETAILS
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Name : |
VIEWSONIC INTERNATIONAL CORPORATION |
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|
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Registered Office : |
9F, No.192, Lien Chen Rd., Zhonghe Dist., New Taipei City
235 |
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Country : |
Taiwan |
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Date of Incorporation : |
19.01.1990 |
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Com. Reg. No.: |
23553019 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of visual display products, etc. |
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No. of Employees : |
About 200 Employees |
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 |
|
Status : |
Satisfactory |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
Taiwan - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually decreasing
government guidance of investment and foreign trade. In keeping with this
trend, some large, state-owned banks and industrial firms have been privatized.
Exports, led by electronics, machinery, and petrochemicals have provided the
primary impetus for economic development. This heavy dependence on exports
exposes the economy to fluctuations in world demand. In 2009, Taiwan's GDP
contracted 1.9%, due primarily to a 20% year-on-year decline in exports. In
2010 GDP grew 10.9%, as exports returned to the level of previous years, and in
2011, grew 5.2%. However, 2012 growth will likely be less, according to most
forecasters, because of softening global demand. Taiwan's diplomatic isolation,
low birth rate, and rapidly aging population are major long-term challenges.
Free trade agreements have proliferated in East Asia over the past several
years, but so far Taiwan has been excluded from this greater economic
integration largely because of its diplomatic status with the exception of the
landmark Economic Cooperation Framework Agreement (ECFA) signed with China in
June 2010. The MA administration has said that the ECFA will serve as a
stepping stone toward trade pacts with other regional partners, and negotiations
on a deal with Singapore began this year. Follow-on components of ECFA,
including deals on trade in goods, services, and investment, have yet to be
completed. Taiwan's Total Fertility rate of just over one child per woman is
among the lowest in the world, raising the prospect of future labor shortages,
falling domestic demand, and declining tax revenues. Taiwan's population is
aging quickly, with the number of people over 65 accounting for 10.9% of the
island's total population as of 2011. The island runs a large trade surplus,
and its foreign reserves are the world's fourth largest, behind China, Japan,
and Russia. Since 2005 China has overtaken the US to become Taiwan's
second-largest source of imports after Japan. China is also the island's number
one destination for foreign direct investment. Three financial memorandums of
understanding, covering banking, securities, and insurance, took effect in
mid-January 2010, opening the island to greater investments from the mainland's
financial firms and institutional investors, and providing new opportunities
for Taiwan financial firms to operate in China. Closer economic links with the
mainland bring greater opportunities for the Taiwan economy, but also poses new
challenges as the island becomes more economically dependent on China while
political differences remain unresolved.
|
Source : CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
9F, No.192, Lien Chen Rd., Zhonghe Dist.,
New Taipei City 235, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-2243 3456 |
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Fax Number: |
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Email: |
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|
Website: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
Subject was incorporated on 1990-1-19 with registered
number 23553019 as Joint Stock Company in Taiwan.
Awards
|
Year |
Awards |
|
2008 |
Blue chip
importer and exporter |
|
2009 |
Blue chip importer
and exporter |
|
2010 |
Blue chip
importer and exporter |
Standard of Blue chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
|
2010 |
20,000,000 |
|
Name |
Subscription Shares |
|
ViewSonic Corporation |
38,000,000 |
The information above is that of subject’s major shareholders.
Parent Company
|
Name |
ViewSonic
Corporation |
|
Address |
381 Brea Canyon
Road Walnut, CA 91789-0708 United States |
|
Telephone Number |
+1-909-444-8888 |
|
Fax Number |
+1-909-468-1240 |
Related Companies
|
1 |
|
|
Name |
ViewSonic Europe
Ltd. |
|
Address |
Level 4, Tower
42, 25 Old Broad Street, London, EC2N 1HQ United Kingdom |
|
Telephone Number |
+44-0-207-382-8250 |
|
Fax Number |
+44-0-207-382-8251 |
|
2 |
|
|
Name |
ViewSonic
Australia Pty. Ltd. |
|
Address |
Unit 4, 44
Dickson Avenue Artarmon NSW 2064 Sydney Australia |
|
Telephone Number |
+61-2-9906-6277 |
|
Fax Number |
+61-2-9906-6377 |
|
3 |
|
|
Name |
ViewSonic India Pvt.
Limited |
|
Address |
Unit No. 2,3
& 4 (Ground Floor), Tribhuvan Complex, Ishwar Nagar, Mathura Road, New
Delhi-110065 India |
|
Telephone Number |
+91-11-4260-3195 |
|
Fax Number |
+91-11-4260-3198 |
|
4 |
|
|
Name |
ViewSonic China
Limited |
|
Address |
9F, No.950
Dalian Road, Yangpu District, Shanghai PRC 200092 China |
|
Telephone Number |
+86-21-6501-9777 |
|
Fax Number |
+86-21-6237-5373 |
Core
Management
|
1 |
|
|
Name |
Jialiang Zhu |
|
Position |
Board Director |
|
2 |
|
|
Name |
Daiying Zhu |
|
Position |
Director |
|
3 |
|
|
Name |
Lihong Li |
|
Position |
Director |
|
4 |
|
|
Name |
Xiuxia Chen |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 200 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
9F, No.192, Lien Chen Rd., Zhonghe Dist., New Taipei City 235, Taiwan
(R.O.C.) |
Production
Information
l
Subject is engaged in manufacturing of visual
display products, etc.
l
It is introduced that subject has factories in
Taiwan and mainland China for production.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International trade business |
|
CC01110 |
Manufacturing of computer and peripheral
equipment |
|
G801010 |
Warehousing industry |
|
CC01030 |
Manufacturing of electrical equipment and
audio-visual electronic products |
|
CC01060 |
Manufacturing of wire communication equipment |
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CC01070 |
Manufacturing of wireless communication equipment |
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CC01080 |
Manufacturing of electronic components |
|
E603050 |
Engineering of automatic control equipment |
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E605010 |
Installation of computer |
|
E701010 |
Communication engineering |
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CE01010 |
Manufacturing of general instrument |
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F118010 |
Wholesale of software |
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F119010 |
Wholesale of electronic material |
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F213010 |
Retail of electrical equipment |
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F213030 |
Retail of computer and peripheral equipment |
|
F213060 |
Retail of telecom equipment |
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F213110 |
Retail of battery |
|
F216010 |
Retail of photographic equipment |
|
F218010 |
Retail of software |
|
F219010 |
Retail of electronic material |
|
I301010 |
Software service |
|
I301020 |
Data processing service |
|
I301030 |
Providing of electronic information |
|
I401010 |
Advertising service |
|
I501010 |
Design of product |
|
CE01030 |
Manufacturing of optical instrument |
|
F401021 |
Import of Rf equipment controlled by telecom |
|
CC01101 |
Manufacturing of Rf equipment controlled by
telecom |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
The components and raw materials for production are
purchased both home and abroad such as Europe and America, etc.
l
Subject is engaged in sales of visual display
products, etc.
l
Subject’s sales region is major in Taiwan domestic
market.
l
Subject has their own brand “ViewSonic”.
l
Subject’s major customers include wholesaler,
department store, and direct customers, etc.
Major products
sold
|
Product |
Sales Region |
|
1 |
LCD Displays |
|
2 |
TV |
|
3 |
Digital Signage |
|
4 |
Tablet |
|
5 |
Digital Photo Frames |
|
6 |
Digital Media Devices |
|
7 |
PC |
|
8 |
Projectors |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
|
|
COD, CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Components and raw materials |
CBD, etc |
100% |
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
|
|
Visual display products, etc. |
COD, CBD, etc |
100% |
Export
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 Mr. Zhang 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
cannot 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.
|
Name |
Mr. Zhang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.21 |
|
UK Pound |
1 |
Rs.84.00 |
|
Euro |
1 |
Rs.67.75 |
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.