|
Report Date : |
30.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
OPTOMA CORPORATION |
|
|
|
|
Registered Office : |
12F., No. 213, Sec. 3, Beixin Rd., Xindian Dist., New Taipei City 23143 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
09.01.2002 |
|
|
|
|
Com. Reg. No.: |
70795143 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Sale of projectors |
|
|
|
|
No. of Employees : |
About 500 Employees (Group) |
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 : |
Unknown |
|
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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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.
Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are
other major long-term challenges. Free trade agreements have proliferated in
East Asia over the past several years, and following the landmark Economic
Cooperation Framework Agreement (ECFA) signed with China in June 2010, Taiwan
in July 2013 signed a free trade deal with New Zealand—Taipei’s first-ever with
a country with which it does not maintain diplomatic relations—and in November
inked a trade pact with Singapore. Negotiations continue on follow-on
components of ECFA regarding trade in goods and a dispute resolution mechanism;
a trade in services agreement is under review in the legislature. 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 overall trade surplus largely
because of its surplus with China, and its foreign reserves are the world's
sixth largest, behind China, Japan, Saudi Arabia, Russia, and Switzerland. 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. Taiwan since 2009 has gradually loosened rules governing
Chinese investment on the island, and has also secured greater market access
for its investors in the mainland. 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.
|
Source
: CIA |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
12F., No. 213,
Sec. 3, Beixin Rd., Xindian Dist., New Taipei City 23143, Taiwan |
|
Supplied Address: |
12F, No 2015,
Sec 3, Beixin Rd, Xindian Dist, New Taipei City 231 |
|
Telephone Number: |
+886- 2-8911-8600 |
|
Fax Number: |
Notes: The exact address is as above.
Subject was incorporated
on 2002-1-9 with registered number 70795143 as Joint Stock Company in Taiwan.
Change of Name
|
Former Chinese Name |
奧圖碼科技股份有限公司 |
|
Current Chinese Name |
琉璃奧圖碼科技股份有限公司 |
|
Name |
Subscription Shares |
|
Coretronic Corporation |
31,610,000 |
|
Huishan Yang |
|
|
2,382,953 |
|
The information above is that of subject’s major shareholders.
Shareholder Information:
|
Registered Name: |
Coretronic Corporation |
|
Registered Address: |
No.11, Li Hsin Rd., Science-Based Industrial
Park, Hsinchu, Taiwan |
|
Date of Foundation: |
1992-6-30 |
|
Registration Number: |
22099907 |
|
Registered Capital: |
NTD 10,000,000,000 (USD 333,000,000) (As of 2014.4, 1 NTD = 0.0333 USD) |
|
Paid-up Capital: |
NTD 7,240,385,180 (USD 241,104,826) |
|
Legal Representatives: |
Weiyi Zhang |
|
Legal Form: |
Joint Stock Company |
|
Principal Activities: |
Manufacturing and sale of projectors |
|
Listed at Stock Exchange: |
No |
|
Date of Last Annual Return: |
2013-7-5 |
Offices:
|
1 |
|
|
Address: |
4F, No. 3, Lane 2, Industry One Rd., Xitun
Dist., Taichung City, Taiwan |
|
Tel: |
+886-4-3505-0336 |
|
2 |
|
|
Address: |
A2, 15F, No. 30, Zhongzheng Second Rd.,
Lingya Dist., Kaohsiung City, Taiwan |
|
Tel: |
+886-7-222-0068 |
Core Management
Directors
|
1 |
|
|
Name |
Yi Zhang |
|
Position |
Chairman of the Board |
|
2 |
|
|
Name |
Shenghui Wang |
|
Position |
Director |
|
3 |
|
|
Name |
Zhonggao Xie |
|
Position |
Director |
|
4 |
|
|
Name |
Huishan Yang |
|
Position |
Director |
|
5 |
|
|
Name |
Decheng Du |
|
Position |
Independent director |
|
6 |
|
|
Name |
Wenbin Wei |
|
Position |
Independent director |
|
7 |
|
|
Name |
Jingzhong Tan |
|
Position |
Independent director |
Personnel
Structure
|
Total Employees |
About 500 Employees (Group) |
Offices &
Factories
|
|
Headquarters |
|
Add |
12F., No. 213, Sec. 3, Beixin Rd., Xindian Dist., New Taipei City
23143, Taiwan |
Production
Information
·
Subject is engaged in sale of projectors without
any production activities.
·
It is introduced that subject’s parent company has
a factory in Taiwan for Production.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
CC01120 |
Manufacturing and duplicating industry information storage media |
|
CC01080 |
Electronic components manufacturing |
|
CE01030 |
Optical instrument manufacturing |
|
CC01070 |
Wireless communications equipment manufacturing machinery |
|
I301030 |
Electronic information supply services |
|
CC01030 |
Appliances and audio-visual electronic products manufacturing |
|
F113020 |
Electrical wholesaling |
|
F213010 |
Electrical appliance retailing |
|
F113050 |
Computer and transactional machine equipment wholesaling |
|
F213030 |
Computers and transactional machinery and equipment retail |
|
F401010 |
The international trade |
|
I501010 |
Product design industry |
|
IZ99990 |
Other business services |
|
F218010 |
Information software retail |
|
F118010 |
Information software wholesaling |
|
I301010 |
Information software services |
|
E605010 |
Computer equipment installation industry |
|
E601020 |
The electrical installation industry |
|
F401021 |
The controlled telecommunications radio-frequency devices of input
industry |
|
ZZ99999 |
Besides licensed business, all other business items those are not
banned or restricted. |
The products of the subject mainly purchased from its parent company in
Taiwan.
·
Subject is engaged in sale of projectors
·
The major products sold by subject include
projectors for meeting and teaching, high quality projectors for home theater,
video game and television projectors, screens, accessories, multi-function
image fusion splicing processor and so on.
·
Subject’s sales regions include domestic market,
Japan, Korea, India, Southeast Asia, US, Germany, Italy, Europe
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic
Purchase (Taiwan)
|
Terms |
Proportion |
|
|
Projectors |
T/T, Cash |
100% |
Foreign
Purchase
Subject has little
import.
Sales
Domestic
Markets
|
Terms |
Proportion |
|
|
Projectors |
T/T, Cash |
100% |
Export
|
Terms |
Proportion |
|
|
Projectors |
L/C, T/T |
100% |
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 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 any information about
bankers, and we can not obtain the information from other source.
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. Zhang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.52 |
|
|
1 |
Rs.101.77 |
|
Euro |
1 |
Rs.83.92 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NNA |
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.