|
Report Date : |
18.09.2014 |
IDENTIFICATION DETAILS
|
Name : |
MICROELECTRONICS TECHNOLOGY, INC. |
|
|
|
|
Registered Office : |
No.1 |
|
|
|
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Country : |
|
|
|
|
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Date of Incorporation : |
31.03.1983 |
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|
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Com. Reg. No.: |
47255762 |
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|
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Legal Form : |
Joint Stock Company |
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|
|
|
Line of Business : |
Manufacturing and
sale of microwave radios |
|
|
|
|
No. of Employees |
600 |
RATING & COMMENTS
|
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 |
|
Payment Behaviour : |
No complaints |
|
Litigation : |
Exist |
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 |
|
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. 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: |
No.1 Innovation Road II Hsinchu Science-Based Industrial Park, Hsinchu,
Taiwan, R.O.C. |
|
Supplied Address: |
No. 1 Innovation Road 2, Hsinchu Science Park, Hsinchu 30076, Taiwan,
R.O.C. |
|
Telephone Number: |
+886-3-577-3335 |
|
Fax Number: |
Notes: The exact
name and address are as above. The supplied number cannot be through.
Subject was incorporated on 1983-3-31 with registered number 47255762 as Joint Stock Company in Taiwan.
Change of Name
|
Former English Name: |
Microelectronics
Technology,Inc. |
|
Current English Name: |
Microelectronics
Technology, Inc. |
Factory
|
Address: |
No.1 Innovation Road Ii Hsinchu Science-Based Industrial Park, Hsinchu, Taiwan, R.O.C. |
|
Date of Registration: |
1983-4-29 |
|
Factory Registration Number: |
95A00038 |
|
Factory Manager: |
Huayan Wang |
|
Status: |
In production |
|
Date of Last
Annual Return: |
2009-4-22 |
|
Major Products: |
272 Communication equipment |
Related Companies
|
1 |
|
|
Company Name |
Jupiter Technology (Wuxi) Co., Ltd. |
|
Address |
13 Minjiang Rd. Wuxi State High and New Technology Industry Development Zone, Jiangsu, P.R. China |
|
Tel |
+86-510-85228800 |
|
Fax |
+86-510-85229892 |
|
2 |
|
|
Company Name |
MTI Laboratory, Inc. |
|
Address |
201 Continental Blvd. Suite 300, El Segundo, CA 90245, USA |
|
Tel |
+1-310-955-3700 |
|
Fax |
+ 1-310-955-3770 |
|
3 |
|
|
Company Name |
Radiocomp MTI |
|
Address |
Krakasvej 17, DK-3400 Hillerød, Denmark |
|
Tel |
+45-70-231-024 |
|
Fax |
+45-70-231-022 |
Major Shareholders
|
Name |
Subscription Shares |
|
Qijia Xie |
6,406,559 |
|
Cybertan Technology
Inc. |
|
|
50,835,148 |
|
|
Xinjie Yan |
661,307 |
|
Hong Yang Venture Investment Co., Ltd (Literal Translation) |
14,524,146 |
Shareholder
Information:
|
1 |
|
|
Registered Name: |
Cybertan Technology Inc. |
|
Registered
Address: |
No.99, Park Avenue
Iii, Hsinchu Science Park, Hsinchu 308, Taiwan, R.O.C. |
|
Former Name: |
Cyber Tan
Technology Inc. |
|
Date of
Foundation: |
1998-6-10 |
|
Registration
Number: |
16594892 |
|
Registry: |
Science Park
Administration, MOST |
|
Registered
Capital: |
NTD 3,630,000,000
(USD 120,153,000) (As of 2014.09, 1 NTD
= 0.0331 USD) |
|
Paid-up Capital: |
NTD 3,255,814,180
(USD 107,767,449.36) |
|
Legal
Representatives: |
Zecan Chen |
|
Legal Form: |
Joint Stock Company |
|
Date of Last
Annual Return: |
2014-8-26 |
|
2 |
|
|
Registered Name: |
Hong Yang Venture Investment Co., Ltd (Literal
Translation) |
|
Registered
Address: |
15/F, No.207,
Sec.3, Beixin Rd., Fuxingli, Xindian Dist., New Taipei City |
|
Date of
Foundation: |
1996-9-6 |
|
Registration
Number: |
97164611 |
|
Registry: |
Department of
Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered
Capital: |
NTD 4,790,000,000
(USD 15,8549,000) (As of 2014.09, 1
NTD = 0.0331 USD) |
|
Paid-up Capital: |
NTD 4,790,000,000
(USD 158,549,000) |
|
Legal
Representatives: |
Decai Huang |
|
Legal Form: |
Joint Stock Company |
|
Date of Last
Annual Return: |
2013-12-4 |
Core Management
Directors
|
1 |
||
|
Name |
Qijia Xie |
|
|
Position |
Board Chairman |
|
|
2 |
||
|
Name |
Zecan Chen |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Xinjie Yan |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Zhonghe Wu |
|
|
Position |
Director |
|
|
5 |
||
|
Name |
Huailu Yin |
|
|
Position |
Director |
|
|
6 |
||
|
Name |
Qintai Shi |
|
|
Position |
Director |
|
|
7 |
||
|
Name |
Meilei Xiao |
|
|
Position |
Independent Director |
|
|
8 |
||
|
Name |
Shufen Wang |
|
|
Position |
Supervisor |
|
|
9 |
||
|
Name |
Jinsheng Hong |
|
|
Position |
Supervisor |
|
|
10 |
||
|
Name |
Xinjie Yan |
|
|
Position |
Manager |
|
|
Date of Appointment |
1990-4-2 |
|
Personnel Structure
|
Total Employees |
About 600 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
No.1 Innovation Road Ii Hsinchu Science-Based Industrial Park, Hsinchu, Taiwan, R.O.C. |
Production Information
Subject is engaged in manufacturing of microwave radios, etc.
Subject has a factory in Taiwan for production.
Subject obtained the certification of ISO 9001, ISO 14000 and TL 9000.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
CC01030 |
Appliances and audio-visual electronic products manufacturing |
|
CC01070 |
Wireless communication equipment and apparatus manufacturing |
|
CC01080 |
Electronic components manufacturing |
|
CC01101 |
Controlled telecommunications radio-frequency devices manufacturing |
|
CC01990 |
Other mechanical electrical and electronic equipment manufacturing industry |
|
E701010 |
Communication engineering |
|
E701020 |
KU satellite TV channel C channel equipment installation industry |
|
E701030 |
Controlled telecommunications radio-frequency equipment installation engineering industry |
|
EZ99990 |
Other engineering |
|
F401010 |
International trade |
|
F401021 |
Controlled telecommunications radio-frequency devices of input industry |
|
I501010 |
Product design industry |
|
-- |
Personal communications equipment components, subsystems and systems of research, development, design, production, manufacturing and sales. |
|
-- |
Infinite microwave communication system of electronic components and electronic equipment products of research, development, design, production, manufacturing and sales. |
|
-- |
Microwave and low frequency integrated circuit and used substrate and capacitor production and sell. |
|
-- |
High cycle of microwave, millimeter photoelectric communication with the electronic components products production and sell |
|
-- |
Microwave, millimeter affected local system and the system of photoelectric products production and sell. |
|
-- |
Comprehensive outsourcing and its own production of microwave and optical components of the local systems and products production and sell. |
|
-- |
Produce and sell satellite broadcast television equipment and systems. |
|
-- |
Design and manufacture customers set specifications before the relevant products. |
|
-- |
Provide the product referred to in the preceding paragraph and phase of the business inspection, maintenance, processing, installation of necessary assistance and services. |
|
-- |
Concurrently with business related to import and export trade business. |
The components and raw materials for production are both purchased at home and abroad.
Subject is engaged in sale of microwave radios, etc.
The major products sold by the subject are microwave radios, LNB, VSAT, mobile products, RFID, etc.
Subject’s sales regions include domestic market, Japan, Korea, USA, Europe, etc.
It is introduced that subject also provides ODM/OEM services, etc.
Major products of the subject are as follows:
|
Category |
Products |
|
LNB |
Universal series, supreme series, circular series, prime focus, C band series, etc. |
|
VSAT |
0.25W Ku-Band BUC, 1W Ku-Band BUC, 2W Ku-Band BUC, 3W Ku-Band BUC, 4W Ku-Band BUC, Ku-Band TRIA & LNB, 2W C-Band BUC, etc. |
|
Microwave Radio |
Point-to-Point, POE, etc. |
|
RFID |
RFID ME™, RFID Modules, Development Kit, etc. |
|
Mobile products |
CDMA PA, WCDMA PA, GSM PA, RRH, etc. |
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Components and raw materials, etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
|
Products |
Components and raw materials, etc. |
|
Payment Terms |
L/C, T/T, etc. |
Sales
Domestic Markets
|
Product |
Microwave radios, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Microwave radios, etc. |
|
Selling Terms |
L/C, T/T, etc. |
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 sources we could not obtain such information,
either.
Subject declined to disclose its bank details; from other source we could not obtain the relevant information, either.
Mortgage
No chattel mortgage record of subject has been found within the recent 3 months.
Lawsuit
|
1 |
|
|
Trial Number: |
2012, Su, 349 |
|
Date of Trial: |
2012-9-26 |
|
Reason: |
compensation for
damages |
|
Claimant: |
Microelectronics
Technology, Inc. |
|
Defendant: |
Hong Kong Shang Yi
Media Publishing Co., Ltd. Taiwan Branch (Literal Translation)/Minghui
Qiu/Zhiqin Zhang |
|
2 |
|
|
Trial Number: |
2009, Laosu, 23 |
|
Date of Trial: |
2010-6-25 |
|
Reason: |
Payment of
severance |
|
Claimant: |
Not stated |
|
Defendant: |
Microelectronics
Technology, Inc. |
|
3 |
|
|
Trial Number: |
2008, Su, 701 |
|
Date of Trial: |
2009-8-19 |
|
Reason: |
Pay off debts |
|
Claimant: |
Ying Xian
Enterprise Co., Ltd (Literal Translation) |
|
Defendant: |
Microelectronics
Technology, Inc. |
Interview Details
|
Name |
Mr. Chen |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.95 |
|
|
1 |
Rs.99.32 |
|
Euro |
1 |
Rs.78.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
|
|
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.