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Report Date : |
22.06.2012 |
IDENTIFICATION DETAILS
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Name : |
LEADWELL CNC MACHINES MFG. CORP. |
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Registered Office : |
No.23, Gong |
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Country : |
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Date of Incorporation : |
07.10.1980 |
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Com. Reg. No.: |
97513218 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of CNC
machines, vertical & horizontal machining centers, CNC bridges machining,
tapping & drilling centers, CNC lathes, CNC turning centers, etc. |
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No. of Employees : |
About 200 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Good |
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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, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
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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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
No.23, Gong 33th Rd., Taichung Ind. Park,
Taichung City 407, Taiwan, R.O.C. |
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Supplied Address: |
No. 23 Gong 33rd Rd., Taichung Industrial
Park, taichung City 407 Taiwan |
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Telephone Number: |
+886-4-2359-1880 |
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Fax Number: |
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E-mail: |
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Website: |
Notes:
The correct name and address are as above mentioned.
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Credit Opinion: |
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Registered Name: |
Leadwell CNC Machines Mfg. Corp. |
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Registered Address: |
No.23, Gong 33th Rd., Taichung Ind. Park, Taichung City 407, Taiwan,
R.O.C. |
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Date of Foundation: |
1980-10-7 |
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Registration Number: |
97513218 |
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Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
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Registered Capital: |
NTD 1,800,000,000 (USD 60,120,000) (As of 2012.06, 1 NTD = 0.0334 USD) |
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Paid-up Capital: |
NTD 613,469,250 (USD 20,489,872.95) |
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Legal Representatives: |
Junxiong Ye |
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Legal Form: |
|
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Principal Activities: |
Manufacturing and sales of CNC machines, vertical
& horizontal machining centers, CNC bridges machining, tapping &
drilling centers, CNC lathes, CNC turning centers, etc. |
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Staff: |
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Listed at Stock
Exchange: |
|
|
Date of Last
Annual Return: |
Subject was incorporated on 1980-10-7 with registered
number 97513218 as Joint Stock Company in Taiwan.
Awards
|
Year |
Awards |
|
2008 |
Blue chip
importer and exporter |
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2009 |
Blue chip
importer and exporter |
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2010 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit: USD
|
Year |
Amount |
|
2008 |
19,000,000 |
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2009 |
15,000,000 |
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2010 |
20,000,000 |
|
Name |
Subscription Shares |
|
Hanwei Chen |
8,869 |
|
Cai Wang |
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|
500,000 |
|
|
Bao Lian Machinery & Electric Industrial Co.,
Ltd. |
2,555,468 |
The information above is that of subject’s major shareholders.
Branch Companies
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1 |
|
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Name |
Leadwell CNC Machines Mfg. Corp. Taipei Branch Company |
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Address |
24886 5F No.88
Gong 5rd Road, Wu-Ku Industrial Park, Xin Zhuang, Taipei, Taiwan, R.O.C. |
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Telephone Number |
+886-2-2299-9009 |
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Fax Number |
+886-2-2299-9007 |
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2 |
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Name |
Leadwell CNC Machines Mfg. Corp. Tainan Branch Company |
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Address |
71750 No.812 One
Section Zhong-Zheng Road, Ren-De Xiang Tainan, Taiwan, R.O.C. |
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Telephone Number |
+886-6-266-2061-62 |
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Fax Number |
+886-6-266-4559 |
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3 |
|
|
Name |
Hangzhou
Leadwell Cnc Machines Co., Ltd. |
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Address |
310018 No.16 Road
(East) Baiyang Street Hangzhou E&T Development Area, Zhejiang Province,
P.R. CHINA |
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Telephone Number |
+86-0571-8672-1166 |
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Fax Number |
+86-0571-8684-9593 |
Core
Management
|
1 |
|
|
Name |
Junxiong Ye |
|
Position |
Chairman |
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2 |
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Name |
Hanwei Chen |
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Position |
Director |
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3 |
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Name |
Xiuxia Huang |
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Position |
Director |
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4 |
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Name |
Qingchang Chen |
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Position |
Director |
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5 |
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Name |
Bao Lian
Machinery & Electric Industrial Co., Ltd. |
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Position |
Director |
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6 |
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Name |
Cai Wang |
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Position |
Supervisor |
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7 |
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Name |
Tongyin Lin |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 200 Employees |
Offices
& Factories
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|
Headquarters |
|
Add |
No.23, Gong 33th Rd., Taichung Ind. Park, Taichung City 407, Taiwan,
R.O.C. |
l
Subject is engaged in manufacturing CNC
machines, vertical & horizontal machining centers, CNC bridges machining,
tapping & drilling centers, CNC lathes, CNC turning centers, etc.
l
Subject obtained the certification of ISO 9001 and
ISO 14001.
Purchase
Information
l
The registered activities of subject:
|
|
Details |
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1 |
Manufacturing processing and trade business of
tools mechanical, computer numerical control machine |
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2 |
Manufacturing processing and trade business of
computer, computer machinery and computer mimic |
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3 |
Manufacturing processing and trade business of
computer numerical control round grinder, computer numerical laser cutting
machine, computer numerical line cutting machine, computer numerical
three-dimensional measurement instrument, computer numerical punch, computer
numerical woodworking machines, computer numerical drilling machine, computer
numerical milling machine, computer numerical honing bed, computer numerical
lathe, automatic warehousing equipment |
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4 |
Manufacturing processing and trade business of various
numerical control plastic machinery and traditional plastic machinery |
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5 |
Manufacturing processing and trade business of
robot and automatic guided vehicle with computer integration system |
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6 |
Manufacturing processing and trade business of plastic
injection molding mechanism |
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7 |
Manufacturing, processing, installation, repair,
and trade business of aerospace industry like vehicle industry (include rail
vehicle industry) parts and peripheral equipment |
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8 |
Import and export business of rubber and plastic
raw materials |
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9 |
Manufacturing processing and trade business of
former all relevant parts and tools |
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10 |
Import and export business of former all relevant
parts and tools |
l
The components and raw material for production are
mostly purchased from Taiwan domestic market.
l
It
is introduced that subject imports
technology from German, Japan, and USA.
l
Subject is engaged in
sales of CNC machines, vertical & horizontal machining centers, CNC bridges
machining, tapping & drilling centers, CNC lathes, CNC turning centers,
etc.
l
Subject has their own brand “LEADWELL”
l
Subject’s sales regions include Europe, America,
Asian, African, Oceania, and Taiwan domestic market.
l
It is introduced that subject’s sales products
depend on their agents in different countries.
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Subject’s major customers include automobile parts
manufacturer, aerospace manufacturer, medical device manufacturer, etc.
|
Types |
Items |
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Vertical Machining Centers |
V Series, New V Series, MCV Series, 5
axis |
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CNC Bridge Type Machining Center |
LBV Series |
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CNC Turning Center |
T Series, LTC Series, VTL Series |
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Horizontal Machining Center |
LC Series, MH Series |
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Fast Mill Machining Center |
FMC Series, TDC Series |
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Mutli-Tasking Machine |
TM Series |
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Mutli-Function Machine |
MT Series |
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CNC Bed Type Universal Milling Machine |
VH Series |
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Horizontal Boring & Milling Machine |
BMH Series, |
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase (Taiwan)
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Payment Terms |
Proportion |
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Components and raw material |
COD, CBD, etc |
100% |
Foreign Purchase
Sales
Domestic Markets (Taiwan and Mainland, China)
|
Sales Terms |
Proportion |
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CNC machines, etc |
COD, CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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CNC machines, etc |
CBD, etc |
100% |
Notes: Subject’s settlement for export is generally in USD
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. Shi declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Subject declined to disclose its bank details; from other source we
cannot obtain the relevant information, either.
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.
|
Name |
Ms. Shi |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.42 |
|
UK Pound |
1 |
Rs.88.45 |
|
Euro |
1 |
Rs.71.52 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
RATING EXPLANATIONS
|
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.