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Report No. : |
321800 |
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Report Date : |
15.05.2015 |
IDENTIFICATION DETAILS
|
Name : |
OPTOMA CORPORATION |
|
|
|
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Registered Office : |
12F., No. 213, Sec. 3, Beixin Rd., Xindian
Dist., New Taipei City 23143 |
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|
|
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Country : |
Taiwan |
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|
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Date of Incorporation : |
09.01.2002 |
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|
|
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Com. Reg. No.: |
70795143 |
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|
|
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Legal Form : |
Joint Stock Company |
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|
|
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Line of Business : |
Trading of projectors |
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|
|
|
No. of Employee : |
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 : |
No complaints |
|
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 |
A1 |
A1 |
|
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.
However, negotiations on follow-on components of ECFA, including an agreement
on trade in services, deals on trade in goods, and dispute resolution—have
stalled. In early 2014, the government bowed to public demand for a new law
governing the oversight of cross-Strait agreements, before any additional deals
with China are implemented; the legislature has yet to vote on such
legislation, leaving the future of ECFA up in the air as President MA enters
his final full year in office. MA has portrayed ECFA as Taiwan’s key to greater
participation in East Asia’s free trade networks. 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 expected to account for 20% of the island's total population by 2025. The
island runs a trade surplus, largely because of its surplus with China, and its
foreign reserves are the world's fourth largest, behind those of China, Japan,
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. 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, the
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
has helped Taiwan develop into a local RMB hub. Closer economic links with the
mainland bring greater opportunities for the Taiwan economy, but also pose new
challenges as the island becomes more economically dependent on China at a time
when political differences remain unresolved. During 2014, the press paid
increasing attention to domestic economic issues while pushing aside the
debates over trade liberalization that were a hallmark of MA’s tenure. The
media focused on the divide between Taiwan’s “haves” and “have nots,” providing
extensive coverage of public frustration with stagnant wages, skyrocketing
housing prices, and the difficulty of finding entry-level jobs.
|
Source
: CIA |
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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 name and address are as above.
Subject was incorporated
on 2002-1-9 with registered number 70795143 as Joint Stock Company in Taiwan.
Offices (Taiwan)
|
1 |
|
|
Address: |
4F, No. 3, Lane 2, Industry One Rd., Xitun Dist.,
Taichung City, Taiwan |
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Tel: |
+886-4-3505-0336 |
|
2 |
|
|
Address: |
A2, 15F, No. 30, Zhongzheng Second Rd.,
Lingya Dist., Kaohsiung City, Taiwan |
|
Tel: |
+886-7-222-0068 |
Group Offices
|
1 |
|
|
Name: |
Optoma USA |
|
Address: |
3178 Laurelview Ct. Fremont, CA 94538 USA |
|
Tel: |
+1-510-897-8600 |
|
2 |
|
|
Name: |
Canada Office |
|
Tel: |
+1-888-958-5797 |
Major Shareholders
|
Name |
Subscription Shares |
|
Coretronic Corporation |
|
|
43,075,440 |
Shareholder Information:
|
Registered Name: |
Coretronic Corporation |
|
Registered Address: |
No.11, Li Hsin Rd., Science-Based Industrial
Park, Hsinchu, Taiwan, R.O.C. |
|
Date of Foundation: |
1992-6-30 |
|
Registration Number: |
22099907 |
|
Registry: |
Science Park Administration, MOST |
|
Registered Capital: |
NTD 10,000,000,000 (USD 325,000,000) (As of 2015.05, 1 NTD = 0.0325 USD) |
|
Paid-up Capital: |
NTD 5,430,288,880 (USD 176,484,388.6) |
|
Legal Representatives: |
Weiyi Zhang |
|
Legal Form: |
Joint Stock Company |
|
Date of Last Annual Return: |
2014-7-11 |
Core Management
Directors
|
1 |
|
|
Name |
Weiyi Zhang |
|
Position |
Chairman of the Board |
|
2 |
|
|
Name |
Shenghui Wang |
|
Position |
Director |
|
3 |
|
|
Name |
Xiuhui Wu |
|
Position |
Director |
|
4 |
|
|
Name |
Xinbin He |
|
Position |
Supervisor |
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 trading of projectors, etc. without any production
activities.
It is introduced that subject’s group has a factory in Taiwan for production
but we cannot obtain the detail information.
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 |
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F113050 |
Computer and transactional machine equipment wholesaling |
|
F213030 |
Computers and transactional machinery and equipment retail |
|
F401010 |
The international trade |
|
I501010 |
Product design industry |
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IZ99990 |
Other business services |
|
F218010 |
Information software retail |
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F118010 |
Information software wholesaling |
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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. |
It is introduced that the products of the subject are mainly purchased from
its related factory belongs to the group.
Subject is engaged in sale of projectors,
etc.
The major products of the subject are special projectors for meeting and
teaching, home cinema projectors, video projectors, TV projectors, LED
projectors, projector related products and parts, etc.
Subject’s sales regions include domestic market, Japan, Korea,
Singapore, Southeast Asia, America, Europe, etc.
Subject’s major customers are Universities, Schools, Enterprises and
Individual, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase (Taiwan)
|
Products |
Projectors, etc. |
|
Payment Terms |
T/T, Cash, etc. |
Import
Subject has little import.
Domestic Markets
|
Product |
Projectors, etc. |
|
Selling Terms |
T/T, Cash, etc. |
Export
|
Product |
Projectors, 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
Up to date of reporting, no existing or latent
litigation of the subject has been found.
Interview Details
|
Name |
Mr. Li |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.643.84 |
|
|
1 |
Rs.100.65 |
|
Euro |
1 |
Rs.72.88 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
SDA |
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.