|
Report No. : |
311939 |
|
Report Date : |
17.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
AMROAD TECHNOLOGY INC. |
|
|
|
|
Registered Office : |
18F-4, No. 150, Chen 1 Rd., Zhonghe Dist., New Taipei City 235 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
01.04.1986 |
|
|
|
|
Com. Reg. No.: |
22091497 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Trading of door access controls |
|
|
|
|
No of Employees : |
About 45 Employees |
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Taiwan |
A2 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderate Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderate 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: |
18F-3, No. 150, Chen 1 Rd., Zhonghe Dist.,
New Taipei City 235, Taiwan (R.O.C.) |
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-8226-5686 |
|
Fax Number: |
|
|
E-mail: |
|
|
Website: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
Subject was incorporated on 1986-4-1 with registered number 22091497 as Joint Stock Company in Taiwan.
Change of Name
|
Former Chinese
Name: |
安潤電子股份有限公司 |
|
Current Chinese
Name: |
安潤科技股份有限公司 |
|
Former English
Name: |
Am Road Electronics Ltd. |
|
Current English
Name: |
Amroad Technology Inc. |
Subject did not register any subsidiaries or branches; from other source we could not obtain the relevant information, either.
|
Name |
Subscription Shares |
|
Junxu Su |
1,562,162 |
|
Renpeng Chen |
|
|
2,271,000 |
|
|
Long Jun Investment
Co., Ltd (Literal Translation) |
1,250,000 |
|
Guang Da Investment
Co., Ltd (Literal Translation) |
1,500,000 |
|
Jun Ge |
250,000 |
|
Xurong Huang |
99,362 |
Shareholder
Information:
|
1 |
|
|
Registered Name: |
Guang Da Investment Co., Ltd (Literal Translation) |
|
Registered Address: |
7F., No.108-2, Minquan Rd., Xindian Dist., New Taipei City, Taiwan
(R.O.C.) |
|
Date of Foundation: |
2005-8-2 |
|
Registration Number: |
27859080 |
|
Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
|
Registered Capital: |
NTD 548,000,000 (USD 17,262,000) (As of 2015.03, 1 NTD = 0.0315 USD) |
|
Paid-up Capital: |
NTD 548,000,000 (USD 17,262,000) |
|
Legal Representatives: |
Xiaoyu Li |
|
Legal Form: |
Joint Stock
Company |
|
Date of Last Annual Return: |
2013-7-31 |
|
2 |
|
|
Registered Name: |
Long Jun Investment Co., Ltd (Literal Translation) |
|
Registered Address: |
9F.-1, No.9, Sec. 2, Roosevelt Rd., Zhongzheng Dist., Taipei City,
Taiwan (R.O.C.) |
|
Date of Foundation: |
1988-7-8 |
|
Registration Number: |
22957175 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 120,000,000 (USD 3,780,000) (As of 2015.03, 1 NTD = 0.0315 USD) |
|
Paid-up Capital: |
NTD 120,000,000 (USD 3,780,000) |
|
Legal Representatives: |
Jinghui Hongjian |
|
Legal Form: |
Joint Stock
Company |
|
Date of Last Annual Return: |
2014-10-22 |
Core Management
Directors
|
1 |
||
|
Name |
Junxu Su |
|
|
Position |
Board Chairman |
|
|
2 |
||
|
Name |
Renpeng Chen |
|
|
Position |
Director |
|
|
3 |
||
|
Name |
Yujun Hong |
|
|
Position |
Director |
|
|
4 |
||
|
Name |
Zhongyu Li |
|
|
Position |
Director |
|
|
5 |
||
|
Name |
Jun Ge |
|
|
Position |
Director |
|
|
6 |
||
|
Name |
Xurong Huang |
|
|
Position |
Supervisor |
|
Personnel Structure
|
Total Employees |
About 45 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
18F-3, No. 150, Chen 1 Rd., Zhonghe Dist., New Taipei City 235, Taiwan
(R.O.C.) |
Production Information
l
Subject is a trader of door access controls, etc.
without any production activities.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F119010 |
Wholesale of electronic materials |
|
F401010 |
International trade business |
|
I501010 |
Design of products |
|
F113050 |
Wholesale of computer and transactional machine
equipment |
|
F113070 |
Wholesale of telecommunications equipment |
|
F116010 |
Wholesale of photographic equipment |
|
F118010 |
Wholesale of information software |
|
F401021 |
Input of the controlled telecommunications
radio-frequency devices |
|
I301010 |
Information software services |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
It is introduced that subject’s major products are
mostly purchased in domestic market.
l Subject is engaged
in sale of door access controls, etc.
l
The major products sold by subject include door
access controls, video intercom systems, home automation and alarm security
systems, VOIP telecommunications, SIP servers, and security and safety
products, etc.
l
Subject’s sales regions include domestic market,
Japan, Singapore, Thailand, USA, and some European countries, etc.
l
Subject’s major types of customers are system
integrators, contractors, distributors, resellers and wholesalers, etc.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Door access
controls, etc. |
|
Payment Terms |
T/T, Cash, etc. |
2.
Import
Subject has little
import.
Sales
1.
Domestic Markets
|
Product |
Door access controls,
etc. |
|
Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Door access
controls, 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 Mr. Shen 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
Up to date of reporting, no existing or latent litigation of the subject has been found.
Interview Details
|
Name |
Mr. Shen |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs. 62.82 |
|
|
1 |
Rs. 92.82 |
|
Euro |
1 |
Rs. 66.16 |
INFORMATION DETAILS
|
Analysis Done by
: |
RSM |
|
|
|
|
Report Prepared
by : |
DPT |
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.