MIRA
INFORM REPORT
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Report Date : |
26.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
G&M MACHINERY CO LTD |
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Registered Office : |
38 Industrial 12th Rd Tali City Taichung Hsien 412 |
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Country : |
Taiwan |
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Date of Incorporation : |
03.11. 2006 |
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Com. Reg. No.: |
28513255 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Research and Development of technologies related to CNC machinery. Manufacturing of various types of CNC machinery. |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit : |
USD 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
G&M
MACHINERY CO LTD
38 INDUSTRIAL 12TH RD TALI CITY
TAICHUNG HSIEN 412, TAIWAN
TEL: 886-4-24916099 FAX: 886-4-24918751
EXECUTIVE SUMMARY
INCORPORATION DATE :
NOVEMBER 3, 2006
REGISTRATION NO. :
28513255
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. SU-CHEN CHANG (CHAIRMAN)
STAFF STRENGTH :
10
CAPITAL :
US$ 331,675
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.46998 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*Licenses & Permits*
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License number : 9970413900
Date issued : 7 March , 2007
Issuing authority : Industrial
Development Bureau, MOEA
Type of license : Factory license
*Office & Facilities*
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Size : 1,832 sq. meter(Approx)
Location : Taichung Hsien
Property status : Rented
Type of building : Industrial
Building
Comment : Serves as office and factory
*Corporate & Organization Structure*
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A small-sized company operated and managed by an experienced team of
professionals.
SC is not known to host website of its own at present.
E-mail: belle@manford.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: N/A
Shareholders Country
Number Amount %
--------------------- ----------- ----------- ---------- ---------
Ms. Su-chen Chang Taiwan n/a n/a 99.00
Undisclosed Shareholders n/a
n/a n/a 1.00
Management: Ms. Ming-shan Hsieh,
Manager
Ms. Su-chen Chang, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Ming-shan Hsieh Taiwanese Manager Sales
Ms. Su-chen Chang Taiwanese General Manager -
*COMPANY DIRECTORS*
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1
Name : Ms. Su-chen Chang
Nationality : Taiwan
Country of Residence : Taiwan
*Main Products & Services*
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Specializes in the following areas of work:
1. Research and Development of technologies related to CNC machinery.
2. Manufacturing of various types of CNC machinery.
3. Selling to both domestic and international markets.
Products: Bed type mills
CNC bridge type
milling m/c
CNC milling
machines
CNC mini mills
CNC vertical
machining centers
*Payment Terms*
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Sales
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Local : 30-90 days credit
Cash
Letter of Credit
(L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash or credit
*Competitors*
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The following locally based
companies supply similar range of products :
- AMADA TAIWAN PRECISION MACHINES INC
- APEX MACHINERY CORP
- CHEN YING INDUSTRIAL CO LTD
- DENVER INDUSTRIAL CO LTD
- EVERRISING MACHINERY CORP
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*International Trade Activity*
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There are no of exports or imports, because the prime focus of the
firm's activity is concentrated on the
local sales only
Note: Due to the recent incorporation of the company, there are no
statistics of exports accredited to the firm.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : MANFORD
MACHINERY CO LTD
Address : 19
Industrial 15th Rd Taiping City 411 Taichung Hsien Taiwan
Country :
Taiwan
Relationship :
Affiliate
Legal Form :
Private company with limited liability
Company Type :
Manufacturer
Industry :
Machinery
PAYMENT RATING : 4 OBTAINED SCORES :
48
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers
of SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for SMALL
amounts depending on individual judgement experience.
As a private limited company with a paid-up capital of less than USD 6
million, there is no legal requirement according to local corporate law for
public disclosure of detailed financials.
At the time of preparing this report 2007 financials had not been
submitted to Taiwan Tax Authorities.
*BANK DETAILS*
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Bank Name : TAICHUNG COMMERCIAL BANK CO LTD
Branch : Central Dist,Taichung City
Branch Address : 45 Min Tsu Rd
SWIFT Code : TCBBTWTH
SC is considered small-sized in its line with a short history. Taking
into consideration of SC’s general performance, a credit line up to USD 5,000
appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3500 Industrial
Machinery & Equipment
Manufacturing 3569 General
industrial machinery and equipment, and parts,
Manufacturing 5084 Industrial
Machinery/Equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 8207706060 Othr
milling tools incldg parts
Manufacturing 8459 Machine
tools for drilling, boring, milling etc
Manufacturing 8459690070 Milling
machines, metal removing, except numerically controlled, bed type, valued
$3,025 and over, new
Manufacturing 8479 Machines
etc having individual functions, parts
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer CNC vertical
machining centers
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)