MIRA
INFORM REPORT
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Report Date : |
26.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
SUPERTEC MACHINERY INC |
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Formerly Known as : |
SHING TECK MACHINERY WORKS CO LTD |
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Registered Office : |
6 Ko Ya 2nd Rd Taya Hsiang Taichung Hsien
428 |
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Country : |
Taiwan |
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Date of Incorporation : |
17.02. 1973 |
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Com. Reg. No.: |
52212217 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Research and Development of Cnc Grinding Machines and Special Grinding
Machines. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 250,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
SUPERTEC
MACHINERY INC
6 KO YA 2ND RD TAYA HSIANG
TAICHUNG HSIEN 428, TAIWAN
TEL: 886-4-25676767 FAX: 886-4-22439058
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 17, 1973
REGISTRATION NO. :
52212217
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. YI-CHENG CHU (CHAIRMAN)
STAFF STRENGTH :
50
CAPITAL :
US$ 5,339,967
BUSINESS LINE :
MANUFACTURER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 250,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.32511= US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*Company History*
===============
1954 - Founded
in Taiping, engaged in the manufacturing of bicycle parts.
1960 -
Started a new plant in Taichung, including the production plant for motorcycles
&automobile's parts.
1966
- Developed fully automatic hydraulic Surface Grinders, P-20AD, P-30AD,
and precision Centerless Grinders C-12, C-20, and precision Cylindrical
Grinders G-250.
1973 -
Developed the first generation of Cylindrical Grinder STG-1500.
-
Moved to the new premises.
1981 -
Developed Handfeed Surface Grinder N-612.
1982 - Developed Cylindrical Grinder G-450 and Turret
Lathe Machine.
1985 -
Developed Profile Surface Grinder.
1987 - Classified as "CLASS A"
manufacturer by Ministry of Economic Affair, R.O.C.
1989 - Developed programmable
controlled hydraulic Surface Grinders STP-1020ADC and STP-2040ADC.
1990 - Signed the technical transfer contract with
GRISETTI. Italy, for its know-how, machine patterns, fixtures, jigs, and the
workmanship to further upgrade machine quality and performance.
1992
- Developed the 2nd generation Cylindrical Grinders:
G30/36P-60H/C,G30/36P-100H/C, G30/36P-150H/C.
1993 -
Developed CNC Cylindrical Grinder G30/36P-60CNC.
1994 -
Developed CNC Cylindrical Grinder G30/36P-100CNC.
1995 - Developed CNC Angular Cylindrical Grinder
G30A-50CNC, G30A-80CNC; Cylindrical Grinder G30/36P-200H/C, and Angular
Cylindrical Grinder G30A-50H/C. Meanwhile, the factory was rebuilt in
expansion.
2003 - Built the Gantry drilling center equipped
with built-in spindle to settle the bigger work piece.
*Company Name*
==============
Previous name : SHING TECK MACHINERY WORKS CO LTD
Changed name to :
SUPERTEC MACHINERY INC
Year of change : 2005
*Licenses & Permits*
================
License number : 99671013
Date issued : 7 June, 1973
Issuing authority :
Industrial Development Bureau, MOEA
Type of license : Factory license
*Office & Facilities*
================
Size : 80 sq meters (Approx)
Location : Taichung Hsien
Property status : Rented
Type of building : Commercial
building
Other Contact Details
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Tel no. : 4-25676767
Fax nos. : 4-25682727 / 22463157
Previous address: 56 Lane 419 Pei Tun Rd Central Dist Taichung City
400
*Factories, Size & Locations*
=====================
Building size : 948 sq meters (Approx)
Location : Taichung City
Property status :
Owned by SUPERTEC MACHINERY INC
Facilities : Modern
Type of building : Industrial
building
Comment : Serves as office, factory and warehouse.
*Corporate & Organization Structure*
=============================
A medium sized specialized company operated and managed by the owner and
a professional management team.
*Industry Ranking*
================
Generally regarded as one of the Top 5000 Companies in Manufacturing
Industry of Taiwan.
Details of rank are as follows:
Year Rank
------- ---------
2005 3541
2006 3642
*Sales Ranking*
============
Generally regarded as one of the Top 5000 Companies in terms of sales.
Details of rank as follows :
Year Rank
------ ------
2006 2119
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
*Awards*
========
Award : 'CNS'
Awarded by : The Ministry of Economic Affair, R.O.C.
Year : 1991
Web
site: www.supertec.com.tw the design
is professional and the content is well organized. At present it is in English
version.
Email: shingtec@ms15.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
================
Total number of shareholders: 4
Total number of shares: 10,272,600
Shareholders Country
Number Amount %
----------------- ----------- --------------- ----------- --------
Ms. Yi-cheng Chu Taiwan 8,580,600.00 n/a 83.53
Ms. Ya-ju Chu Taiwan 1,200,000.00 n/a 11.68
Mr. Tung-ya Wu Taiwan 412,000.00 n/a
4.01
Mr. Kuo-tsai Chu Taiwan 80,000.00 n/a
0.78
Management: Ms. Betty Chu,
Manager
Ms. Yi-cheng Chu, General Manager
Mr. Michael Cheng, Representative
Name Nationality
Job Description Dept. / Division
Ms. Betty Chu Taiwanese
Manager Sales
Ms. Yi-cheng Chu Taiwanese
General Manager -
Mr. Michael Cheng Taiwanese
Representative -
*Main Products & Services*
=====================
Specializes in the following areas of work:
1. Research and development of CNC grinding machines and special
grinding machines.
2. Importing of raw materials / components for in-house OEM production
3. Manufacturing a wide range of metalworking machinery and other
related CNC accessories.
4. Exports and domestic sales of its finished products.
Products also include:
- CNC Angular Cylindrical Grinder
Products: CNC grinding machines
Centerless
grinders
Centerless grinding
machines
Cylindrical grinder
Cylindrical
grinding machines
*Brand*
======
ST
Supertec
*Payment Terms*
==============
Sales
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Local : Cash
30-90 days credit
Export : Letter of Credit (L/C)
Document against
Acceptance (D/A)
Telegraphic
Transfer (T/T)
Purchases
--------------
Local : 30-90 days credit
Import : Letter of Credit (L/C)
Document against
Acceptance (D/A)
Telegraphic
Transfer (T/T)
Open account /DA terms with settlement using Telegraphic
Transfer (T/T)
*Exhibition Participation*
====================
Participated in the following local exhibitions:
(1)
Exhibition fair : TIMTOS -
Taipei Int'l Machine Tool Show
Dates attended : 20-25 March, 2001
Location : Taipei
World Trade Center (TWTC)
(2)
Exhibition fair : TIMTOS -
Taipei Int'l Machine Tool Show
Dates attended : 18-23 March, 2003
Location : Taipei
World Trade Center (TWTC)
(3)
Exhibition fair : TIMTOS -
Taipei Int'l Machine Tool Show
Dates attended : 12-17 March, 2007
Location : Taipei
World Trade Center (TWTC)
*Detailed Product Specifications*
========================
Product name :
Super-1000F
Spindle Taper : BT-50(CAT-50)
Drill capacity :
15-80 mm
Spindle to table :
20-1200 mm
Spindle to column : 550 mm
Spindle RPM :
0-1500 RPM
Spindle Motor : 20/30
kw (30 min)
Spindle Strole (z-axis) : 1000 mm
Z-axis Motor : 4.8
kw
Z-axis feed rate :
1-8000 mm/min
Z-axis guide :
Linear bearing
Z-repeatability :
+/-0.005 mm
Z-positioning :
+/-0.01/300 (mm/min)
X-axis stroke : 600 mm
X-axis motor : 3.7 kw
X-axis guide : Linear bearing
X-rapids : 10000 mm/min
X-repeatability : +/-0.005 mm
X-positioning : +/-0.01/300 (mm/min)
B-axis table : 800
mm
B-axis motor : 3.7
kw
Controller : Siemens 810 D
Tool magazines : 12 sets
Tool Diameter (max) : 100 mm
Tool Weight : 15 kgs
Tool length : 300 mm
Machine weight : 7500 kgs
*Quality Certification*
=================
The following products obtained CE approval:
Product Date
----------- --------
Cylindrical Grinder
1997
CNC Cylindrical Grinder
1998
*Associations*
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Member of:
- Taiwan Association of Machinery Industry (TAMI)
*Competitors*
===========
The following locally based companies supply similar range of products:
- LUMAX MACHINERY CO LTD
- PALMARY MACHINERY CO LTD
- PRAISE TOOLS MACHINERY CO LTD
- KENT INDUSTRIAL CO LTD
- JAINNHER MACHINE CO LTD
*Local Distribution Network*
======================
An estimated 30% of the annual turnover is attributed to local
sales.
*Export Markets*
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An estimated 70% of the annual turnover is attributed to export.
Note: Although summary financials were obtained for reference for 2006,
at the time of preparing this report 2007 financials had not been submitted to
Taiwan Tax Authorities.
*LOCAL BRANCHES & MANAGEMENT*
==================================
Branch :
SUPERTEC MACHINERY INC - TAICHUNG CITY
Branch Address : 1Fl,
96 Tsung Teh 2nd Rd Section 1 Peitun Dist, Taichung City, 406
Branch Fax :
[+886] 4-25682727
Branch Email :
sales@supertec.com.tw
Branch Employees : 15
*Subsidiaries, Joint-ventures & Affiliates*
===============================
Maintains office in USA with the following contact details :
Address :
6435 Alondra Blvd Paramount CA, 90723
Tel nos : 562-2201675
Fax no : 562-2201677
Email : info@supertecusa.com
Website : www.supertec.com.tw
PAYMENT RATING : 3 OBTAINED SCORES :
63
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers
of SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for
MODERATE amounts depending on individual judgement experience.
As a private limited company with a paid-up capital of less than USD 6
million, there is no legal requirement according to local corporate law for
public disclosure of detailed financials.
At the time of preparing this report detailed financials were not
available. However financial summaries were obtained for reference
*BANK DETAILS*
===============
Bank Name :
CHINATRUST COMMERCIAL BANK LTD
Branch :
Hsin-i Dist,Taipei City
Branch Address : 14Fl
China Trust Bldg 3 Sung Shou Rd
SWIFT Code :
CTCBTWTP
Bank Name :
TAIWAN COOPERATIVE BANK
Branch :
Chungcheng Dist,Taipei City
Branch Address : 77
Kuan Chien Rd
SWIFT Code :
TACBTWTP
*Financial Summary (Currency: U.S. $'s)
=============================
Year Sales Assets Net Income
2006 $11,789,600.97 $18,591,293.83 $589,480.05
*Int´l Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports Total
2004 $150,000.00 $4,300,000.00 $4,450,000.00
2005 $190,000.00 $9,300,000.00 $9,490,000.00
2006 $250,000.00 $5,000,000.00 $5,250,000.00
SC is considered medium-sized in its line with a development history of
35 years. Taking into consideration of SC’s general performance, a credit line
up to USD 250,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Manufacturing 3500 Industrial
Machinery & Equipment
Manufacturing 3545 Machine
tool accessories, and parts,
Manufacturing 3549 Metalworking
machinery
Manufacturing 5084 Industrial
Machinery/Equip
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 8460 Machine
tools for honing or finishing metal etc
Exporting 8460210040 Grinding machines except flat surface, metal removing, accuracy
at least 0.01
mm,
numerically controlled, used or rebuilt
Exporting 8460290005
Grinding machines except flat
surface, metal removing, accuracy at least 0.01
mm,
except numerically controlled, used or rebuilt
Exporting 8461 Machine
tools for shaping, slotting, gear cut etc
Exporting 8466 Parts
etc for machine tools of head 8456 to 8465
Importing 9031 Machines,
in chapter 90; profile project, parts
Importing 9031100000 Machines for balancing mechanical parts
Manufacturing 8457 Machining
centers, unit const mach etc work metal
Manufacturing 8460110080 Flat
surface grinding machines, metal removing, accuracy of at least 0.01 mm,
numerically
controlled, new
Manufacturing 8460290010 Grinding
machines, external cylindrical, including universal, metal removing,
accuracy
at least 0.01 mm, except numerically controlled, new
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Manufacturer CNC grinding
machines
Manufacturer Cylindrical
grinding machines
Manufacturer Grinding
machines
Manufacturer Surface grinding
machines
Manufacturer Industrial
machinery
Manufacturer Machining
centers
Manufacturer Universal grinding
machines
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Exporting to Africa
Exporting to Asia
Exporting to Australia
Exporting to China
Exporting to Colombia
Exporting to Egypt
Exporting to Europe
Exporting to Finland
Exporting to Germany
Exporting to Hong Kong
Exporting to India
Exporting to Indonesia
Exporting to Japan
Exporting to Malaysia
Exporting to Middle East
Exporting to Netherlands
Exporting to North America
Exporting to Oceania
Exporting to South Africa
Exporting to South America
Exporting to Switzerland
Exporting to Thailand
Exporting to Turkey
Exporting to USA
Exporting to United Kingdom
Importing from Asia
Importing from Japan
Importing from North America
Importing from USA
RATING
EXPLANATIONS
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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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)