MIRA INFORM REPORT

 

 

Report Date :           

25.08.2011

 

IDENTIFICATION DETAILS

 

Name :

CNC-TAKANG CO LTD

 

 

Registered Office :

2Fl-72 Taichung Industrial Park Alley 7 Lane 98, 1st Rd, Hsitun Dist, Taichung City, 407

 

 

Country :

Taiwan

 

 

Date of Incorporation :

Not Available

 

 

Legal Form :

Private Independent Company

 

 

Line of Business :

Manufacturing Industrial and Commercial Machinery and equipment and computers

 

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

Taiwan

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 Bottom of Form

 

Company name & address 

 

Cnc-Takang Co Ltd

 

2Fl-72 Taichung Industrial Park Alley 7 Lane 98, 1st Rd

Hsitun Dist

Taichung City, 407

Taiwan

 Tel:      886-23596056

Fax:      886-23596064

 Web:   www.cnctakang.com.tw

 

 

Synthesis     

 

Employees:                  7

Company Type:            Private Independent

Financials in:                 USD (Millions)

Fiscal Year End:            31-Dec-2009

Reporting Currency:       US Dollar

Annual Sales:                14.4

Net Income:                  0.7

Total Assets:                 0.3

 

 

Business Description     

 

This major group includes establishments engaged in manufacturing industrial and commercial machinery and equipment and computers. Included are the manufacture of engines and turbines; farm and garden machinery; construction, mining, and oil field machinery; elevators and conveying equipment; hoists, cranes, monorails, and industrial trucks and tractors; metalworking machinery; special industry machinery; general industrial machinery; computer and peripheral equipment and office machinery; and refrigeration and service industry machinery. Machines powered by built-in or detachable motors ordinarily are included in this major group.

 

Industry

 

Industry            Miscellaneous Capital Goods

ANZSIC 2006:    24 - Machinery and Equipment Manufacturing

NACE 2002:      29 - Manufacture of Machinery and Equipment Not Elsewhere Classified

NAICS 2002:     333 - Machinery Manufacturing

UK SIC 2003:    29 - Manufacture of Machinery and Equipment Not Elsewhere Classified

US SIC 1987:    35 - Industrial and Commercial Machinery and Computer Equipment

 

           


Key Executives   

 

Name                                                   Title    

Chin-cheng Liu   Company                      Director .

Judy Tai                                                Executive          .

 

1 - Profit & Loss Item Exchange Rate: USD 1 = USD 1

2 - Balance Sheet Item Exchange Rate: USD 1 = USD 1

 

 

Corporate Overview

 

Location

2Fl-72 Taichung Industrial Park Alley 7 Lane 98, 1st Rd

Hsitun Dist

Taichung City, 407

Taiwan

Tel:       886-23596056

Fax:      886-23596064

Wed:    www.cnctakang.com.tw

           

Sales USD(mil)              14.4

Assets USD(mil):           0.3

Employees:                   7

Fiscal Year End:            31-Dec-2009

Industry:                        Miscellaneous Capital Goods

Company Type:             Private Independent

Quoted Status:              Not Quoted

Executive:                     Judy Tai

 

Contents

·         Industry Codes

·         Business Description

·         Financial Data

·         Key Corporate Relationships

 

Industry Codes

 

ANZSIC 2006 Codes:

24         -          Machinery and Equipment Manufacturing

2463     -          Machine Tool and Parts Manufacturing

 

NACE 2002 Codes:

29         -          Manufacture of Machinery and Equipment Not Elsewhere Classified

2942     -          Manufacture of other metalworking machine tools

 

NAICS 2002 Codes:

333518  -          Other Metalworking Machinery Manufacturing

333       -          Machinery Manufacturing

 

US SIC 1987:

35         -          Industrial and Commercial Machinery and Computer Equipment

3549     -          Metalworking Machinery, Not Elsewhere Classified

 

UK SIC 2003:

29         -          Manufacture of Machinery and Equipment Not Elsewhere Classified

2942     -          Manufacture of other metalworking machine tools

 

Business Description

This major group includes establishments engaged in manufacturing industrial and commercial machinery and equipment and computers. Included are the manufacture of engines and turbines; farm and garden machinery; construction, mining, and oil field machinery; elevators and conveying equipment; hoists, cranes, monorails, and industrial trucks and tractors; metalworking machinery; special industry machinery; general industrial machinery; computer and peripheral equipment and office machinery; and refrigeration and service industry machinery. Machines powered by built-in or detachable motors ordinarily are included in this major group.

 

Financial Data

Financials in:

USD(mil)

 

Revenue:

14.4

Net Income:

0.7

Assets:

0.3

 

Date of Financial Data:

31-Dec-2009

1 Year Growth

NA

NA

NA

 

Key Corporate Relationships

Bank:

Mega Int'l Commercial Bank Co Ltd

 

 

 

 

 

 

 

 

 

Executive report

 

Executives

 

Name

Title

Function

 

Chin-cheng Liu

 

Company Director

Other

 

Judy Tai

 

Executive

Other

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.45.77

UK Pound

1

Rs.75.58

Euro

1

Rs.65.97

 

 

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%)

 

 

 

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This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.