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Report Date : |
11.08.2014 |
IDENTIFICATION DETAILS
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Name : |
TOSHIBA DIGITAL MEDIA NETWORK TAIWAN CORPORATION |
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Registered Office : |
12F., No.10, Sec.
3, Minsheng E. Rd., Jhongshan District, Taipei City 104, |
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Country : |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
29.12.2000 |
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Com. Reg. No.: |
12676909 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of electronic
products |
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No. of Employees |
65 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 |
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 and address
|
Company Name: |
TOSHIBA
DIGITAL MEDIA NETWORK TAIWAN CORPORATION |
|
Supplied Name: |
|
|
Trading Address: |
12F., No.10, Sec. 3, Minsheng E. Rd., Jhongshan District, Taipei City
104, Taiwan (R.O.C.) |
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Supplied Address: |
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Telephone Number: |
+886-2-2513-5999 |
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Fax Number: |
Notes: The exact
name and address are as above.
Company Identification Details
History
Subject was incorporated on 2000-12-29 with registered number 12676909 as Joint Stock Company in Taiwan.
Corporate Structure
Parent Company
|
Name |
Toshiba Corporation |
|
Address |
1-1, Shibaura 1-chome, Minato-ku, Tokyo 105-8001, Japan |
|
Staff |
About 200,000 Employees |
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Listed at Stock Exchange: |
Yes; symbol: TYO:6502 and OTCMKTS:TOSBF |
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Telephone Number |
+81-3-3457-4511 |
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Fax Number |
+81-3-3456-1631 |
Related Companies
|
Dalian Toshiba Television Co., Ltd Tai Receivable Corporation Taiwan Toshiba International Procurement Corporation Toshiba America Business Solution, Inc Toshiba America, Inc Toshiba Carrier (Thailand) Co, Ltd Toshiba Dalian Co., Ltd Toshiba Electronic Gmbh Toshiba Information, Industrial And Power Systems Taiwan Corporation Toshiba International Corporation |
Note: The subject’s group has many members covering all over the world, and we offered 10 members as subject’s related companies for references.
Shareholders
Major Shareholders
|
Name |
Subscription Shares |
|
5,500,000 |
Management Information
Core Management
Directors
|
Name |
Okada Mitsuhiro |
|
|
Position |
Board Chairman |
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|
2 |
||
|
Name |
Kayashima Toshio |
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|
Position |
Director |
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|
3 |
||
|
Name |
Satou Hiroyuki |
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Position |
Director |
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|
4 |
||
|
Name |
Takahashi Akira |
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Position |
Director |
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|
5 |
||
|
Name |
Xiu Guan |
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Position |
Director |
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|
6 |
||
|
Name |
Matsuda Gen |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 65 Employees |
Operation Information
Offices & Factories
|
|
Headquarters |
|
Add |
12F., No.10, Sec. 3, Minsheng E. Rd., Jhongshan District, Taipei City 104, Taiwan (R.O.C.) |
Production Information
Subject is a trader of electronic products and etc without any production activities
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
F118010 |
Wholesales of information software. |
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F218010 |
Retails of information software. |
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F119010 |
Wholesales of electronic materials. |
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F219010 |
Retails of electronic materials. |
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F113050 |
Wholesales of computer and office equipment. |
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F213030 |
Retails of computer and office equipment. |
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F113070 |
Wholesales of telecommunication equipment. |
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F213060 |
Retails of telecommunication equipment. |
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F113020 |
Wholesales of electrical appliances. |
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F213010 |
Retails of electrical appliances. |
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I301010 |
Services of information media. |
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I103060 |
Management consultant industry. |
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E603010 |
Installing engineering project of cable. |
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E603090 |
Installing engineering project of lighting equipment. |
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E603050 |
Engineering project of automatic controlling device. |
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E603080 |
Engineering project of traffic sign. |
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E604010 |
Installing of machinery. |
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E605010 |
Installing of computer equipment. |
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F113010 |
Wholesales of machinery. |
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F113030 |
Wholesales of precision instrument. |
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F113090 |
Wholesales of traffic sign. |
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F114080 |
Wholesales of rail car and its components. |
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F213040 |
Retails of precision instrument. |
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F213090 |
Retails of traffic sign. |
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F214080 |
Retails of rail car and its components. |
|
I301020 |
Servicing for handling with files. |
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I301030 |
Supplying of electronic information. |
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IE01010 |
Agent of number for telecommunication. |
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IZ13010 |
Servicing for Web Trust. |
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E701030 |
Decoration and designing for radio frequency under telecommunication regulation. |
|
JA02010 |
Repairing industry of electrical appliances and electronic components. |
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EZ06010 |
Installing of traffic sign. |
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EZ02010 |
Construction crane industry. |
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EZ05010 |
Installing project of apparatus and instrument. |
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F213080 |
Retails of machinery and tools. |
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E603040 |
Installing project of fire equipment safety signs. |
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E601020 |
Installing of electrical appliances. |
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ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted. |
It is introduced that subject purchases its products from factories of its group both at home and abroad.
Subject is engaged in sales and marketing promotion and support of Toshiba hard disk drives and Toshiba external HDDs.
The major products include HDDs, External HDDs, Enterprise HDDs, SSDs and so on.
Subject’s sales regions covers Taiwan, China, South and Southeast Asian countries , etc.
Subject’s major customers are manufacturers of notebook computers and local channel distributors
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Settlements
The subject refused to
disclose the information about financial data. We can’t obtain the information
from other sources.
Financial Information
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.
We found the Brief
consolidated financial information of subject’s parent company (Toshiba
Corporation) from public files for reference.
Brief Consolidated Balance Sheet
Unit: JPY/Millions
Brief Consolidated Profit and Loss Account
Unit: JPY/Millions
|
|
2012-4-1~2013-3-31 |
2011-4-1~2012-3-31 |
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Net sales |
5,800,281 |
6,100,262 |
|
Sales and other income |
5,935,259 |
6,204,725 |
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Cost of sales |
4,384,414 |
4,635,197 |
|
Selling, general and administrative expenses |
1,221,551 |
1,262,402 |
Public Record
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.
Special Note
Interview Details
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.56 |
|
|
1 |
Rs.103.50 |
|
Euro |
1 |
Rs.82.41 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
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|
Report Prepared
by : |
NIS |
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 |
|
|
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 |
|
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41-55 |
Ba |
Overall operation
is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
|
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<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.