MIRA
INFORM REPORT
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Report Date : |
27.09.2011 |
IDENTIFICATION DETAILS
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Name : |
MACHTEK UNIX INC. |
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Registered Office : |
8th Fl.-8, 262 Henan Rd., Sec. 2, Hitun Dist., Taichung City, Taiwan 407 |
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Country : |
Taiwan |
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Date of Incorporation : |
04.06.2007 |
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Com. Reg. No.: |
28727881 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of mechanical equipment, etc |
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 |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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Maximum Credit Limit : |
USD 60,000 |
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Status : |
Moderate |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
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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: |
8th Fl.-8, 262 Henan Rd., Sec. 2, Hitun
Dist., Taichung City, Taiwan 407 |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
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Registered Name: |
Machtek Unix Inc. |
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Registered Address: |
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Date of Foundation: |
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Registration Number: |
28727881 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2011.09 1 NTD = 0.0328 USD) |
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Paid-up Capital: |
NTD 29,000,000 (USD 951,200) |
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Legal Representatives: |
Fengxiu Xie |
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Legal Form: |
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Principal Activities: |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
History
Subject was incorporated on
Shareholders
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Name |
Subscription Shares |
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Fengxiu Xie |
690,000 |
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Xinyi Guo |
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530,000 |
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Mingzong Luo |
280,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
Personnel Information
Core
Management
Directors
|
1 |
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Name |
Fengxiu Xie |
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Position |
Board Chairman |
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2 |
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Name |
Xinyi Guo |
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Position |
Director |
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3 |
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Name |
Linglan Guo |
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Position |
Director |
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4 |
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Name |
Mingzong Luo |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 60 employees |
Operation Information
Offices
& Factories
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Headquarters |
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Add |
8th Fl.-8, 262 Henan Rd., Sec. 2, Hitun Dist., Taichung City, Taiwan
407 |
Production
Information
l
Subject is a manufacturer of offered
metal-processing equipment, etc
l
It is introduced that Subject also supplies OEM,
ODM service
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F401010 |
International Trading Business |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases both at home and abroad and its
purchasing all depend on specific condition and customers’ demands.
l
The subject is mainly engaged in sales of
metal-processing equipment, etc
l
Subject has its own brand named Machtek
l
Subject’s products are both sold in domestic and
overseas market.
Major products
sold
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1 |
CNS Lathes |
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2 |
Vertical Machining Centers |
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3 |
CNC Drilling and Tapping Machines |
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4 |
Heavy-duty lathe |
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5 |
CNC Tool Grinder |
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6 |
Tools s |
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7 |
Machines Frame |
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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Components, etc |
COD, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Components, etc |
CBD, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Machinery and components |
CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Machinery and components |
CBD, 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 declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we found subject’s Total Annual
Sales as NTD 120 million, while the information is not confirmed and only for
reference.
Bankers
Subject declined to
disclose its bank details; from other source we can not 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
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Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.62 |
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|
1 |
Rs.76.68 |
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Euro |
1 |
Rs.66.47 |
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 |
-- |
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.