MIRA INFORM REPORT

 

 

Report No. :

506830

Report Date :

10.05.2018

 

 

 

IDENTIFICATION DETAILS

 

Name :

TECHCOMP (MACAO COMMERCIAL OFFSHORE) LIMITED

 

 

Registered Office :

Em Macau, Rua De Pequim No. 202A-246, Centro Financeiro 7 Andar F

 

 

Country :

Macau

 

 

Date of Incorporation :

12.09.2006

 

 

Com. Reg. No.:

SO25387

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Subject is engaged in providing the data processing and accounting services for its group.

 

 

No. of Employees :

Not Available

 

 

RATING & COMMENTS

(Mira Inform has adopted New Rating mechanism w.e.f. 23rd January 2017)

 

MIRA’s Rating :

B

 

Credit Rating

Explanation

Rating Comments

B

Medium Risk

Business dealings permissible on a regular monitoring basis

 

Status :

Moderate

 

 

Payment Behaviour :

Slow but Correct

 

 

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

 

Country Name

Previous Rating

(30.09.2017)

Current Rating

(31.12.2017)

Macau

A2

A2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low Risk

 

A2

Moderately Low Risk

 

B1

Moderate Risk

 

B2

Moderately High Risk

 

C1

High Risk

 

C2

Very High Risk

 

D

 

 

MACAU - ECONOMIC OVERVIEW

 

Since opening up its locally-controlled casino industry to foreign competition in 2001, Macau has attracted tens of billions of dollars in foreign investment, transforming the territory into one of the world's largest gaming centers. Macau's gaming and tourism businesses were fueled by China's decision to relax travel restrictions on Chinese citizens wishing to visit Macau. In 2016, Macau's gaming-related taxes accounted for more than 76% of total government revenue.

Macau's economy slowed dramatically in 2009 as a result of the global economic slowdown, but strong growth resumed in the 2010-13 period, largely on the back of tourism from mainland China and the gaming sectors. In 2015, this city of 646,800 hosted nearly 30.7 million visitors. Almost 67% came from mainland China. Macau's traditional manufacturing industry has slowed greatly since the termination of the Multi-Fiber Agreement in 2005. Services export — primarily gaming — increasingly has driven Macau’s economic performance. Mainland China’s anti-corruption campaign brought Macau’s gambling boom to a halt in 2014, with spending in casinos contracting 34.3% in 2015. As a result, Macau's inflation-adjusted GDP contracted 21.5% in 2015 and another 2.1% in 2016 - down from double-digit expansion rates in the period 2010-13 - but the economy recovered handsomely in 2017.

Macau continues to face the challenges of managing its growing casino industry, risks from money-laundering activities, and the need to diversify the economy away from heavy dependence on gaming revenues. Macau's currency, the pataca, is closely tied to the Hong Kong dollar, which is also freely accepted in the territory.

 

Source : CIA

 

Company Details

 

Company Name (in English):

Techcomp (Macao Commercial Offshore) Limited

Company Name (in Portuguese):

Techcomp (Comercial Offshore De Macau) Limitada

Supplied Name:

TECHCOMP(MACAO COMMERCIAL OFFSHORE)LIMITED

Trading Address:

Em Macau, Rua De Pequim No. 202A-246, Centro Financeiro 7 Andar F, Macau

Supplied Address:

EM MACAU, RUA DE PEQUIM NOS 202A-246, CENTRO FINANCEIRO 7 ANDAR F, MACAU

Telephone Number:

+853-2870-5076

Fax Number:

+853-2870-5072

 

Note: The exact name and address are as above.

 

 

Company Identification Details

 

Registered Name:

Techcomp (Macao Commercial Offshore) Limited

Registered Address:

Em Macau, Rua De Pequim No. 202A-246, Centro Financeiro 7 Andar F, Macau

Date of Registration:

2006-09-12

Business Registered Number:

SO25387

Legal Form:

Private Limited Liability Company

Registered Capital:

MOP 10,000,000.00 (USD 1,220,000.00)

(As of 2018.5, 1 MOP = 0.122 USD)

Principal Activities:

Providing the data processing services, etc. for its group, etc.

Staff:

N/A

Listed at Stock Exchange:

No

Information Ended at:

2018-04-20

 

Note: Subject declined to disclose the staff number, and we cannot obtain the information from other source, either.

 

History

 

Subject was incorporated on 2006-09-12 with registered number SO25387 as Private Limited Liability Company in Macao.

 

 

Corporate Structure

 

Parent Company

Name:

Techcomp Scientific Limited

Registered Address:

Palm Grove House, P.O. Box 3190, Road Town, Tortola, British Virgin Islands

 

Related Companies

1

Name:

Techcomp Limited

Address:

6/F, Mita Centre, 552-566 Castle Peak Road, Kwai Chung, Kowloon, Hong Kong

Tel:

+852-2751 9488

Fax:

+852-2751 9477

2

Name:

Techcomp (China) Limited

Address:

1/F & 3/F, Building 7, Tianchangyuan, Hongjunying South Road, Chaoyang District, Beijing, 100107, China.

Tel:

+86-10-64010651

Fax:

+86-10-64060202

3

Name:

Techcomp Shanghai Precision Balances Co Ltd

Address:

Block A, No.227, Minqiang Road, Songjiang District, Shanghai, Shanghai, China (201612)

Tel:

+86-21-37018008

Fax:

+86-21-64755042

4

Name:

Techcomp Europe Ltd

Address:

Unit 12 Cromwell Business Centre, Howard Way, Newport Pagnell, Milton Keynes. MK16 9QS. UK

Tel:

+44(0)1908 211 900

5

Name:

Techcomp (USA) Inc.

Address:

3019 Alvin Devane Blvd., Austin TX 78741, USA

Tel:

+1 (512) 215-8335

6

Name:

Techcomp Thailand

Address:

99/349 Na-Nakorn Building 7th Floor, Chaengwattana Road, Tungsonghong, Laksi, Bangkok, 10210, Thailand

Tel:

+66-2-576 1629-30

Fax:

+66-2-576 1631

 

 

Shareholder

 

Unit: MOP

Name

Subscription Amount

Proportion of Investment (%)

Techcomp Scientific Limited

10,000,000.00

100%

Total

10,000,000.00

100%

 

Major Shareholder Information:

Name:

Techcomp Scientific Limited

Address:

Palm Grove House, P.O. Box 3190, Road Town, Tortola, British Virgin Islands

 

 

Management Information

 

Core Management

 

Administrators

1

Name:

Sin Sheung Nam

Address:

Room Q, 10/F., Ocean Gardens, Ilhas na Taipa, Macau

Position:

Administrator & Secretary

Marital Status:

Married

Gender:

Male

2

Name:

Xu Songhua

Address:

3 E Hillcrest Road, Singapore, S286664

Position:

Administrator

Marital Status:

Married

Gender:

Female

Authorized Signatures

Any one of the above administrators can sign on behalf of the subject with seal affixed.

 

Former Administrators

1

Name:

Xu Guoping

Position:

Administrator

2

Name:

Xia Yisheng

Position:

Administrator

 

 

Operation Information

 

Offices & Factories

 

 

Office

Address:

Em Macau, Rua De Pequim No. 202A-246, Centro Financeiro 7 Andar F, Macau

Area:

43.7200 square meters

Owned /Rented:

Rented

Premises Information

 

Office address:

Address:

Em Macau, Rua De Pequim No. 202A-246, Centro Financeiro 7 Andar F, Macau

Owners:

Wu Hio In

Matriz:

71780

Nature:

Urban

Duration:

10 years, since 2016-04-12

 

 

Operation Information

 

·         Subject is engaged in providing the data processing and accounting services for its group.

·         It is introduced that subject’s group has factories in Shanghai and Beijing Mainland China for laboratory equipment, etc.

·         The major products of the group are surface science equipment, analytical instrument, laboratory equipment, laboratory weighing and related parts, etc.

·         It is introduced that the products are mainly applied for food, environment, pharmaceutics, energy and semiconductors, etc.

·         The brands of products are Dynamica, Hitachi, Edinbyrgh Instruments, Froilabo, IXRF System, Precisa, Scion Instruments and Techcomp.

·         The business part of the group is mainly charged by the Hong Kong company.

·         The major customers of the group are laboratories, etc.

 

 

Financial Information

 

The subject has no obligation to supply its financial statement to the third party according to the relevant policy in Macao and the only source from which we can obtain the information is the subject itself.

Subject’s relevant staff rejected to disclose the financial information, from other sources we could not obtain such information, either.

 

Banker

 

Name:

Standard Chartered Bank

 

 

Special Note

 

Interview Details:

Name:

Ms. Vivian

E-mail:

vivianc@techcomp.com.hk

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

INR 67.38

UK Pound

1

INR 91.09

Euro

1

INR 79.75

MOP

1

INR 8.30

                                                                  

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

PRI

 

 

Report Prepared by :

TRU

                                                


 

RATING EXPLANATIONS

 

Credit Rating

Explanation

Rating Comments

A++

Minimum Risk

Business dealings permissible with minimum risk of default

A+

Low Risk

Business dealings permissible with low risk of default

A

Acceptable Risk

Business dealings permissible with moderate risk of default

B

Medium Risk

Business dealings permissible on a regular monitoring basis

C

Medium High Risk

Business dealings permissible preferably on secured basis

D

High Risk

Business dealing not recommended or on secured terms only

NB

New Business

No recommendation can be done due to business in infancy stage

NT

No Trace

No recommendation can be done as the business is not traceable

 

NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.

 

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 are as follows:

 

·         Financial condition covering various ratios

·         Company background and operations size

·         Promoters / Management background

·         Payment record

·         Litigation against the subject

·         Industry scenario / competitor analysis

·         Supplier / Customer / Banker review (wherever available)

 

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.