|
Report Date : |
14.06.2012 |
IDENTIFICATION DETAILS
|
Name : |
MACRO WIRING TECHNOLOGIES CO. INC |
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|
|
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Registered Office : |
Block 17 Lot 3 Phase 4, |
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Country : |
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|
|
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Financials (as on) : |
31.12.2010 |
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|
|
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Date of Incorporation : |
08.02.2005 |
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|
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Com. Reg. No.: |
CS200513165 |
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|
|
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Legal Form : |
Corporation |
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|
|
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Line of Business : |
Manufacturer and an indirect exporter of lead wires and harness. |
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|
|
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
|
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
|
Company
Name: |
MACRO
WIRING TECHNOLOGIES CO. INC |
|
Supplied
Name: |
Macro
Wiring Technologies Co Inc |
|
Trading Address: |
Block
17 Lot 3 Phase 4, Cavite Export Processing Zone, Rosario 4106, Cavite,
Philippines |
|
Supplied
Address: |
Lot 3,
Blk 17 Phase 4 Cavite Economic Zone Rosario 4103 Cavite Philippines |
|
Telephone
Number: |
+63
46 437-9272; 437-6561 +63
2 844-8994 TO 95 |
|
Fax Number: |
+63
46 437-6561 |
Note:
The subject’s complete and exact address is shown as above.
|
Credit
Opinion: |
Business
connections are permissible. |
|
Registered
Number: |
CS200513165 |
|
Legal Form: |
Corporation |
|
Date
Incorporated: |
|
|
Authorized
Capital Stock: |
PHP 20,000,000 (USD 459,000) (As of 2012.6, 1 PHP = 0.02295 USD) |
|
Subscribed
Capital Stock: |
PHP 20,000,000 (USD 459,000) |
|
Paid-up Capital: |
PHP 15,000,000 (USD 344,250) |
|
Par Value Per
Share: |
PHP 100 |
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Listed at Stock
Exchange: |
No |
|
Staff: |
N/A |
Note:
Amounts in Philippine Peso unless otherwise
specified.
Information on staff is not available from
the subject or other source.
Company Background
Corporation
Verification with the
local registry revealed the following correct registration details as of (June
11, 2012).
|
Regulatory Agency |
Date
Registered |
Registration
No. |
Term |
|
Securities
and Exchange Commission |
|
CS200513165 |
50 years |
|
|
As of Common |
|
Authorized capital stock |
20,000,000.00 |
|
Subscribed capital stock |
20,000,000.00 |
|
Paid-up capital |
15,000,000.00 |
|
Par value per share |
100.00 |
|
1 |
|
|
Name: |
GAN, MICHAEL G. |
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Amount Subscribed: |
PHP 13,100,000 |
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Amount Paid-up: |
PHP 12,600,000 |
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Nationality: |
Filipino |
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2 |
|
|
Name: |
ALFANTE, JERENATO B. |
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Amount Subscribed: |
PHP 4,000,000 |
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Amount Paid-up: |
PHP 1,000,000 |
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Nationality: |
Filipino |
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3 |
|
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Name: |
FLORES, MILDRED F. |
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Amount Subscribed: |
PHP 2,000,000 |
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Amount Paid-up: |
PHP 500,000 |
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Nationality: |
Filipino |
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4 |
|
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Name: |
INALISAN, MICHAEL G. |
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Amount Subscribed: |
PHP 300,000 |
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Amount Paid-up: |
PHP 300,000 |
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Nationality: |
Filipino |
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5 |
|
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Name: |
CHUNSIM, CONEY C. |
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Amount Subscribed: |
PHP 300,000 |
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Amount Paid-up: |
PHP 300,000 |
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Nationality: |
Filipino |
|
6 |
|
|
Name: |
LUMANOG, VIRGINIA D. |
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Amount Subscribed: |
PHP 300,000 |
|
Amount Paid-up: |
PHP 300,000 |
|
Nationality: |
Filipino |
|
Name: |
Position: |
|
GAN, MICHAEL G. |
Chairman / Chief Executive Officer |
|
ALFANTE, JERENATO B. |
President / Director |
|
INALISAN, MICHAEL G. |
Corporate Secretary / Director |
|
CONFESOR, ISABEL MIRIAM |
Assistant Corporate Secretary |
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FLORES, MILDRED F. |
Director |
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CHUNSIM, CONEY C. |
Director |
|
LUMANOG, VIRGINIA D. |
Director |
|
Activities |
|
Manufacturer and
an indirect exporter of lead wires and harness. |
Unit: PHP
|
Balance Sheet |
2010.12.31 |
2009.12.31 |
|
TotalCurrentAssets |
171,178,573.00 |
175,317,193.00 |
|
Cash |
10,638,809.00 |
10,906,058.00 |
|
ShortInvest |
0 |
0 |
|
Receivable |
83,069,011.00 |
76,242,579.00 |
|
Inventory |
76,997,997.00 |
87,826,267.00 |
|
OtherCurrentAssets |
472,756.00 |
342,289.00 |
|
LongInvestTotal |
0 |
0 |
|
LongInvestSecurity |
0 |
0 |
|
LongInvestEquity |
0 |
0 |
|
LongInvestOther |
0 |
0 |
|
FixedAssetsTotal |
10,791,284.00 |
11,526,689.00 |
|
FixedAssets |
10,791,284.00 |
11,526,689.00 |
|
DepreciationTotal |
0 |
0 |
|
IntangibleAssets |
0 |
0 |
|
OtherAssets |
182,000.00 |
0 |
|
TotalAssets |
182,151,857.00 |
186,843,882.00 |
|
TotalCurrentDebt |
24,670,422.00 |
21,524,720.00 |
|
ShortLoan |
0 |
0 |
|
AccountsPayable |
24,670,422.00 |
21,524,720.00 |
|
OtherCurrentLiability |
0 |
0 |
|
LongLiabilityTotal |
0 |
0 |
|
LongLeases |
0 |
0 |
|
LongLoan |
0 |
0 |
|
LongLoanOther |
0 |
0 |
|
TotalLiability |
24,670,422.00 |
21,524,720.00 |
|
TotalEquity |
157,481,435.00 |
165,319,162.00 |
|
TotalEquity (USD) |
3,614,198.93 |
3,794,074.77 |
|
ShareCapital |
4,350,344.00 |
4,350,344.00 |
|
CapitalPaid |
0 |
0 |
|
LegalReserve |
0 |
0 |
|
SurplusReserve |
0 |
0 |
|
UndistributedProfit |
0 |
0 |
|
RetainedEarning |
153,131,091.00 |
160,968,818.00 |
|
OtherEquity |
0 |
0 |
|
TotalLiabilityAndEquity |
182,151,857.00 |
186,843,882.00 |
|
TotalLiabilityAndEquity (USD) |
4,180,385.12 |
4,288,067.09 |
(As of 2012.6, 1 PHP =
0.02295 USD)
Unit: PHP
|
|
2010 |
2009 |
|
SalesRevenue |
441,503,209.00 |
286,239,570.00 |
|
SalesRevenue (USD) |
10,132,498.65 |
6,569,198.13 |
|
InterestRevenue |
0 |
0 |
|
OtherRevenue |
0 |
0 |
|
TotalRevenue |
441,503,209.00 |
286,239,570.00 |
|
SalesCost |
417,511,197.00 |
241,457,004.00 |
|
GrossProfit |
23,992,012.00 |
44,782,566.00 |
|
SalesExpenses |
0 |
0 |
|
ManagementExpenses |
26,006,635.00 |
12,472,937.00 |
|
FinancialExpenses |
5,823,106.00 |
446,393.00 |
|
TotalExpenses |
449,340,938.00 |
254,376,334.00 |
|
OperatingProfit |
-7,837,729.00 |
31,863,236.00 |
|
NonOperatingProfit |
0 |
0 |
|
ProfitBeforeTax |
-7,837,729.00 |
31,863,236.00 |
|
Tax |
0 |
0 |
|
NetProfit |
-7,837,729.00 |
31,863,236.00 |
|
NetProfit (USD) |
-179,875.88 |
731,261.27 |
(As of 2012.6, 1 PHP =
0.02295 USD)
Unit: PHP
|
|
2010 |
2009 |
|
OperatingNetCash |
3,806,185.00 |
5,775,986.00 |
|
InvestmentNetCash |
-4,073,435.00 |
-7,688,061.00 |
|
FinanceNetCash |
0 |
-1,283,675.00 |
No dealings based on credit exposure report with one million and above
dealings under the name “MACRO WIRING TECHNOLOGIES CO. INC.” as of December 31,
2011.
No negative records
(court cases, credit cards cancelled and delinquent accounts) found under the
name “MACRO WIRING TECHNOLOGIES CO. INC.” in our available database as of June
11, 2012.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.55.85 |
|
UK Pound |
1 |
Rs.86.88 |
|
Euro |
1 |
Rs.69.88 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.