MIRA INFORM REPORT

 

 

Report Date :           

27.02.2012

 

IDENTIFICATION DETAILS

 

Name :

MACRO MICRO TECH. INC.

 

 

Registered Office :

1F, No.247-147, Jutzjiau, Shinhua Dist., Tainan City

 

 

Country :

Taiwan

 

 

Date of Incorporation :

25.10.2001

 

 

Com. Reg. No.:

12917956

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Manufacture and sales of machinery, etc.

 

 

No. of Employees :

15

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 40,000

 

 

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 – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Taiwan

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Contact Points

 

Company Name:

Macro Micro Tech. Inc.

Supplied Name:

Macro Micro Tech Inc

Trading Address:

1F, No.247-147, Jutzjiau, Shinhua Dist., Tainan City, Taiwan (R.O.C.)

Supplied Address:

247-147, Chuan Shin Li, Shin Hua Tsen, Taiwan

Telephone Number:

+886-6-5906692

Fax Number:

+886-6-5907092

E-mail:

william.macro@msa.hinet.net

Notes:

The exact subject’s name and address are as above mentioned.

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 40,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Macro Micro Tech. Inc.

Registered Address:

1F, No.247-147, Jutzjiau, Shinhua Dist., Tainan City, Taiwan (R.O.C.)

Date of Foundation:

2001-10-25

Registration Number:

12917956

Registry:

Ministry of Economic Affairs Central Office

Registered Capital:

NTD 10,000,000.00 (USD 330,000.00)

(As of 2012.2, 1 NTD = 0.033 USD)

Paid-up Capital:

NTD 10,000,000.00 (USD 330,000.00)

Legal Representatives:

Renwei Yang

Legal Form:

Private Limited Liability Company

Principal Activities:

Manufacture and sales of machinery, etc.

Staff:

About 15 employees

Listed at Stock Exchange:

No

Date of Last Annual Return:

2006-1-27

 

 

History

 

Subject was incorporated on 2001-10-25 with registered number 12917956 as Private Limited Liability Company in Taiwan.

 

 

Shareholders

(Unit: NTD)

Name

Subscription Amount

Renwei Yang

4,500,000         

 

 

The information above is that of subject’s major shareholders.

 

 

Subsidiaries & Branches

 

Subject did not register any subsidiaries or branches, from other source we can not obtain the relevant information, either.

 

 

Personnel Information

 

Core Management

Directors

Name

Renwei Yang

Position

Director

 

Personnel Structure

Total Employees

About 15 employees

 

Operation Information

 

Offices & Factories

 

Headquarters

Add

1F, No.247-147, Jutzjiau, Shinhua Dist., Tainan City, Taiwan (R.O.C.)

 

Production Information

l         Subject produces machinery, etc.

l         Subject has its factory in Taiwan.

 

Purchase Information

l         The registered activities of subject:

Business Code

Details

F113010 

Wholesales of machinery

F113020

Wholesales of electronic appliances

F113030 

Wholesales of Precision instruments

F113050 

Wholesales of Transactional machinery and equipment

I601010 

Leasing industry

CB01990

Other machinery manufacturing (clothing milling, lathe)

CB01010

Manufacture of machinery

CB01020

Manufacture of Transactional machinery and equipment

Besides licensed business, all other business items those are not banned or restricted.

 

l         The components and raw material for production are purchased from both domestic and abroad.

l         The subject has a proportion of 50% for Import

 

Sales Information

l         The subject is mainly engaged in manufacturing and processing of various machineries.

l         Subject’s products include Computer numerical control machining center, computer numerically controlled milling machine to machine; gantry machining center, the moving column machining center, etc.

l         Subject has both domestic and foreign markets.

l         Subject exports to America, Europe, Singapore, etc.

l         The subject has a proportion of 50% for export.

 

Import and export right:

Import right

Yes

Export right

Yes

 

 

Settlements

 

Purchase

Domestic Purchase

Product

Payment Terms

Proportion

Components and raw material

COD, CBD, etc.

100%

 

Foreign Purchase

Product

Payment Terms

Proportion

Components and raw material

CBD, etc.

100%

 

Sales

Domestic Markets

Product

Sales Terms

Proportion

Machinery

CBD, etc.

100%

Export

Product

Sales Terms

Proportion

Machinery

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’s relevant staff Ms. Ye declined to disclose its financials citing the grounds of company’s confidentiality; 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

 

Name

Ms. Ye

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.49.07

UK Pound

1

Rs.77.19

Euro

1

Rs.65.57

 

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

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