MIRA INFORM REPORT

 

 

Report Date :

08.05.2012

 

IDENTIFICATION DETAILS

 

Name :

CNC-TAKANG CO., LTD.

 

 

Registered Office :

No.72, Alley 7, Lane 98, 1 Th Road, Taichung Industry Park, Taichung

 

 

Country :

Taiwan

 

 

Date of Incorporation :

25.05.1995

 

 

Com. Reg. No.:

89529384

 

 

Legal Form :

Joint Stock Company

 

 

Line of Business :

Manufacturer of machinery tools and the related products

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Unknown

 

 

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)

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:

CNC-Takang Co., Ltd.

Supplied Name:

CNC Takang Co Ltd.

Trading Address:

No.72, Alley 7, Lane 98, 1st Road, Taichung Industry Park, Taichung, Taiwan 40767, R.O.C

Supplied Address:

No. 72, Alley 7, Lane 98, 1st Rd., Taichung Ind. Park, Taichung 40767 Taiwan

Telephone Number:

+886-4-23596056

Fax Number:

+886-4-2359-6064

E-mail:

takang@ms17.hinet.net

Notes:

The exact name and address are as above.

 

 

Company Identification Details

 

Registered Name:

CNC-Takang Co., Ltd.

Registered Address:

No.72, Alley 7, Lane 98, 1 Th Road, Taichung Industry Park, Taichung, Taiwan

Date of Foundation:

1995-5-25

Registration Number:

89529384

Registry:

MOEA Central Office

Registered Capital:

NTD29,120,000 (USD 992,404)

(As of 2012.5, 1 NTD = 0.03408 USD)

Paid-up Capital:

NTD29,120,000 (USD 992,404)

Legal Representatives:

Jincheng Liu

Legal Form:

Joint Stock Company

Principal Activities:

Manufacturer of machinery tools and the related products.

Staff:

N/A

Listed at Stock Exchange:

No

Date of Last Annual Return:

2012-4-17

 

Note:

Subject declined to disclose the staff number, and from other sources, we couldn’t obtain the information, either.

 

 

History

 

Subject was incorporated on 1995-5-25 with registered number 89529384 as Joint Stock Company in Taiwan.

 

 

Shareholders

(Unit: NTD)

           

Name

Subscription Amount

Jincheng Liu 

318,000

Mingzhe Gao

318,000

Guoming Lai

542,000

Jinzong Chen

318,000

 

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

1

Name

Jincheng Liu

Position

Board of Chairman

2

Name

Mingzhe Gao

Position

Director

3

Name

Guoming Lai

Position

Director

4

Name

Jinzong Chen

Position

Supervisor

 

 

Operation Information

 

Offices & Factories

 

Headquarters

Add

No.72, Alley 7, Lane 98, 1st Road, Taichung Industry Park, Taichung, Taiwan 40767, R.O.C

Production Information

l         Subject is a manufacturer of machinery tools and the related products with the production activities.

Purchase Information

l         The registered activities of subject:

Business Code

Details

1

General import and export trade

2

Bidding and quotation of the products above.

l         The components and raw material for production are purchased from local.

Sales Information

l         Subject is mainly engaged in manufacturing and trading of machinery tools and the related products.

l         Subject introduced that its major products include Heavy Duty CNC Lathes (Slant & Flat bed), Precision CNC Lathes (Double Spindle/Double Turret, Swiss Type), Conventional Lathes, Machining Centers (Vertical, Horizontal, Double Column,  High Speed and 5 axes), and Vertical CNC Lathes and so on.

l         Subject sells the products to all over the world

Import and export right:

Import right

Yes

Export right

Yes

 

Settlements

 

Purchase

Subject declined to disclose the purchase settlements information, and from other sources, we couldn’t obtain the information, either.

Sales

Domestic Markets

Product

Sales Terms

Proportion

Machinery tools

CBD. COD, etc

100%

Export

Product

Payment Terms

Proportion

Machinery tools

L/C,T.T, 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. Chan declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

 

 

Bankers

 

The bankers’ information is not available from the subject or other sources.

 

 

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. Chan

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.34

UK Pound

1

Rs.86.09

Euro

1

Rs.69.37

 

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%)

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.