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Report Date : |
05.09.2013 |
IDENTIFICATION DETAILS
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Name : |
PARADOM, INC. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
21.03.2006 |
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Com. Reg. No.: |
28127562 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Development, manufacture
and trade of Broadband Wireless Access and the related products |
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No. of Employees : |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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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 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
Taiwan ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually decreasing government guidance of investment and foreign trade. 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 1.8%, due primarily to a 13.1% year-on-year decline in exports. In 2010 GDP grew 10.7%, as exports returned to the level of previous years, and in 2011, grew 4.0%. In 2012, however, growth fell to 1.3%, 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 except for the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010, so far Taiwan has been excluded from this greater economic integration in part because of its diplomatic status. Negotiations continue on such follow-on components of ECFA regarding trade in goods and services. The MA administration has said that the ECFA will serve as a stepping stone toward trade pacts with other key trade partners, which Taiwan subsequently launched with Singapore and New Zealand. 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 11.2% of the island's total population as of 2012. The island runs a large trade surplus largely because of its surplus with China, and its foreign reserves are the world's fifth largest, behind China, Japan, Saudi Arabia, and Russia. In 2006 China overtook 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. In August 2012, Taiwan Central Bank signed a memorandum of understanding on cross-Strait currency settlement with its Chinese counterpart. The MOU allows for the direct settlement of Chinese RMB and the New Taiwan dollar across the Strait, which could help develop Taiwan into a local RMB hub. 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.
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Source : CIA |
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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: |
+886-3-5710980 |
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Fax Number: |
Notes:
The supplied address is incomplete, and the exact address is as above.
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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
|
Subscription Number |
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|
Zhizhou Zhao |
5,496,534 |
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Bafo Technologies Corp. |
540,000 |
The information above is that of subject’s major shareholders.
Parent
Company
|
Name |
Bafo
Technologies Corp. |
|
Address |
|
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Telephone Number |
+886-2-2659-1700 |
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Fax Number |
+886-2-2659-2608 |
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Registration
Number: |
12549828 |
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Date of
Foundation: |
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Core Management
|
1 |
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Name |
Zhizhou Zhao |
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Position |
Board of
Chairman |
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2 |
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Name |
Bafo
Technologies Corp. |
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Position |
Director |
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3 |
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|
Name |
Songde Huang |
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Position |
Supervisor |
Offices & Factories
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|
Headquarters |
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Add |
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Production
Information
l
Subject is a
manufacturer of Broadband
Wireless Access and the related products with
the production activities
Purchase
Information
l
The registered
activities of subject:
|
Business Code |
Details |
|
F118010 |
Wholesale of information software |
|
F119010 |
Wholesale of electronic materials |
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F218010 |
Retail of information software |
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F219010 |
Retail of electronic materials |
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F401010 |
International trade |
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I301010 |
Service of information software |
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I301020 |
Service of information dealing |
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I501010 |
Design of products |
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CC01080 |
Manufacture of electronic materials |
|
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 Broadband Wireless Access and the related products.
l
Subject
introduced that its Major products sold as
following:
|
|
Product |
|
1 |
P1621 BS/SS dual mode SoC |
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2 |
SS (CPE) Reference Design Single Board |
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3 |
SS (CPE) Reference Design mPCI Card |
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4 |
pBS Reference Design Single Board |
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5 |
pBS Reference Design mPCI Card |
|
6 |
Others |
l
Subject introduced
that its products are development and designed by themselves.
l
Subject’s selling
territory covers all over the world, such as
Import and export right:
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Import right |
Yes |
|
Export right |
Yes |
Subject declined to disclose the settlements information, and from other sources, we couldn’t obtain the information, either.
Sales
Domestic
Markets
|
Sales Terms |
Proportion |
|
|
Broadband Wireless Access
and the related products. |
COB, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Broadband Wireless Access 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. Chen 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
|
1 |
|
|
102,Zhulaojian,12 |
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Lawsuit Date |
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Lawsuit Cause |
Payment of wages |
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2 |
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Lawsuit Number |
102,Bu,655 |
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Lawsuit Date |
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Lawsuit Cause |
Payment of wages |
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3 |
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Lawsuit Number |
102,Bu,599 |
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Lawsuit Date |
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Lawsuit Cause |
Payment of wages |
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4 |
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Lawsuit Number |
102,Su,72 |
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Lawsuit Date |
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Lawsuit Cause |
Liquidation of
the debt |
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5 |
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Lawsuit Number |
102,Bu,474 |
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Lawsuit Date |
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Lawsuit Cause |
Payment of wages |
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6 |
|
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Lawsuit Number |
102,Sicu,3541 |
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Lawsuit Date |
|
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Lawsuit Cause |
Pay warrant |
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7 |
|
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Lawsuit Number |
102,Sicu,3540 |
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Lawsuit Date |
|
|
Lawsuit Cause |
Pay warrant |
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8 |
|
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Lawsuit Number |
102,Sicu,3542 |
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Lawsuit Date |
|
|
Lawsuit Cause |
Pay warrant |
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9 |
|
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Lawsuit Number |
101,Bu,760 |
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Lawsuit Date |
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Lawsuit Cause |
Liquidation of
the debt |
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Name |
Ms. Chen |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.67.03 |
|
UK Pound |
1 |
Rs.104.32 |
|
Euro |
1 |
Rs.88.24 |
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 |
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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 |
|
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.