MIRA INFORM REPORT
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Report Date : |
12.12.2011 |
IDENTIFICATION DETAILS
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Name : |
PINNACLE MACHINE TOOL CO., LTD. |
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Registered Office : |
No.35, Alley 15, Lane
330, Sheng Chou Rd., Shengang Dist., Taichung City 429 |
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Country : |
Taiwan |
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Date of Incorporation : |
10.01.1978 |
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Com. Reg. No.: |
55841816 |
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Legal Form : |
Limited Liability Company |
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Line of Business : |
The subject is engaged in "CNC Lathes,
High Speed Lathes, Vertical Machining Center, Machining Centers, Milling
Machines, Milling Machine" with operations |
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No. of Employees
: |
60 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 100,000 |
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Status : |
Satisfactory |
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Payment
Behaviour : |
No Complaints |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Taiwan |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Contact
Points
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.35, Alley 15, Lane 330, Sheng Chou Rd.,
Shengang Dist., Taichung City 429, Taiwan (R.O.C.) |
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Supplied Address: |
No. 35, Alley 15, Lane 330 Sheng Chou Road, Sheng Kang Hsiang Taichung
Hsien, Taiwan |
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Telephone Number: |
+886- 4 2525-2995 |
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Fax Number: |
+886- 4 2525-2991 |
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E-mail: |
Notes:
· The accurate name is shown as above.
· The supplied address is inaccurate; the accurate one is shown as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification
Details
History
Subject was incorporated on 1978-01-10 with registered
number 55841816 as Limited
Liability Company in Taiwan.
Shareholders
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Name |
Subscription Amount |
|
Zhuanghuimei Xie |
6,000,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
Zhuanghuimei Xie |
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|
Position |
Director |
Operation
Information
Offices
& Factories
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|
Headquarters |
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Address |
No.35, Alley 15, Lane 330, Sheng Chou Rd., Shengang Dist., Taichung
City 429, Taiwan (R.O.C.) |
Production
Information
l
The subject is dedicated
in "CNC Lathes, High Speed Lathes, Vertical Machining Center, Machining
Centers, Milling Machines, Milling Machine" with processing.
Purchase
Information
l
The registered activities of subject:
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|
Details |
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1 |
Manufacturing and trading of
lathes, saws, drill press, planer, milling machine. |
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2 |
Manufacturing and trading of
machine tool. |
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3 |
Importing and exporting
business of the above forms. |
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4 |
Business operation and investment
of the above forms and the industry and foreign guarantee. |
l
The components and materials for production are
mostly purchased from abroad.
l
The subject makes the
products depending on the order of customers, and then purchasing the materials
and parts from the overseas and domestic market.
l
The subject is dedicated
in "CNC Lathes, High Speed Lathes, Vertical Machining Center, Machining
Centers, Milling Machines, Milling Machine" with processing.
l
The subject sells the
products both to the domestic and overseas market. It is needed to mention that
the products selling to mainland China, including the city of Shang Hai, He
Fei, Dong Guan, etc.
Major products
sold
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Product |
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1 |
High Speed / LV300B(D),
LV500B(D), LV500 |
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2 |
11Hi, 8Hi |
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3 |
SV65, SV85, SV105 |
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4 |
SV96, SV116, SV126 |
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5 |
QV117, QV127, QV147 |
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6 |
QV159, QV179, QV209 |
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7 |
LV65, LV85, LV105 |
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8 |
LV85APC |
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9 |
LV96, LV116, LV126 |
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10 |
AX320 |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Vertical Machining Center,Milling Machine,CNC
Tuining Center, etc. |
COD, Credit Sales, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Vertical Machining Center,Milling Machine,CNC
Tuining Center, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Vertical Machining Center,Milling Machine,CNC
Tuining Center, etc |
COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Vertical Machining Center,Milling Machine,CNC
Tuining Center, etc |
L/C, etc |
100% |
Financial
Information
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 Huang declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Bankers
Subject did not
introduce its bank details; from other source we cannot obtain the relevant
information, either.
Public
Record
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 Huang |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.23 |
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UK Pound |
1 |
Rs.81.55 |
|
Euro |
1 |
Rs.69.60 |
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 |
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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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.