MIRA INFORM REPORT
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Report Date : |
20.06.2011 |
IDENTIFICATION DETAILS
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Correct Name : |
DETA INTERNATIONAL CO., LTD. |
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Formerly Known As : |
DETA MACHINERY CO., LTD. |
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Registered Office : |
No.1066, Chung
Shan Rd., Shengang Dist., Taichung City 429, Taiwan (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
21.10.1994 |
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Com. Reg. No.: |
89886066 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacture and sales of
ATC products. |
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 100,000 |
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Status : |
Satisfactory |
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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, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
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 |
Contact
Points
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Company Name: |
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Former Name: |
DETA MACHINERY CO., LTD. |
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Supplied Name: |
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Trading Address: |
No. 47-5, Zungqian Road., Shengang Shiang, Taichung County 42952,
Taiwan |
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Supplied Address: |
1069-10 Chung San Road Shen Kang Hsiang Taichung Hsien Taiwan |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes: The exact name and address are both as above.
And the subject didn’t confirm whether the supplied address is the address of
the subject.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
|
Registered Name: |
DETA
INTERNATIONAL CO., LTD. |
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Registered
Address: |
NO.1066, CHUNG SHAN
RD., SHENGANG DIST., TAICHUNG CITY 429, TAIWAN (R.O.C.) |
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Date of
Foundation: |
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Registration
Number: |
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Registry: |
MOEA Central
Office |
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Registered
Capital: |
(As of 2011.06, 1
NTD = 0.03457 USD) |
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Paid-up Capital: |
NTD 10,000,000
(USD 345,722 ) |
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Legal
Representatives: |
Yaode Huang |
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Legal Form: |
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Principal
Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
History
Subject was incorporated on
Shareholders
|
Name |
Subscription
Shares |
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Yaode
Huang |
300,000 |
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Anan Yan |
|
|
150,000 |
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|
Xiuyue
Zheng |
150,000 |
The information above is that of subject’s
major shareholders.
Subsidiaries &
Branches
The subject confirmed
that they have two factory workshops in Taichung, and the total area is about
3,000 square metres.
Personnel
Information
Core Management
|
1 |
|
|
Name |
Yaode Huang |
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Position |
Board Chairman |
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2 |
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Name |
Anan Yan |
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Position |
Director |
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3 |
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Name |
Shulian Lin |
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Position |
Director |
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4 |
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Name |
Xiuyue Zheng |
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Position |
Auditor |
Personnel Structure
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Total Employees |
About 140 Employees |
Operation
Information
Offices & Factories
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Headquarters
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|
Add |
No. 47-5, Zungqian Road., Shengang Shiang,
Taichung County 42952, Taiwan |
l
The
subject is a manufacturer of ATC(Automatic Tool
Changer) in Taiwan
Purchase Information
l
The
registered activities of subject:
|
Business Code |
Details
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1 |
Design
and sales of machine tools and peripheral equipment |
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2 |
Design
and sales of transportation machinery and equipment |
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3 |
Mechanical
control system |
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4 |
Design
of the machinery and development of the computer software |
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5 |
Manufacturing
Technology Consulting |
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6 |
Import
and export of various products before. |
l
The
components and raw material for production are mostly purchased from Taiwan.
l
The subject is a trader of ATC in Taiwan
l
According to the introduction of the subject, the
products’ market shares in Taiwan. is about 50%
l
The
selling territory of the subject is all over the world.
l
The
percentage of sales, foreign and domestic is about 35%:65%
Import and export right:
|
Import
right |
Yes |
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Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan)
|
Payment
Terms |
||
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Raw
material |
COD,
etc. |
100% |
Foreign
Purchase
Subject seldom
purchases from foreign market.
Sales
Domestic
Markets
|
Sales
Terms |
Proportion |
|
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ATC |
CBD,
etc |
100% |
Export
|
Sales
Terms |
Proportion |
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ATC |
T.T in advance,
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 Lin supplied the
turnover of the subject is as
following:
Unit: NTD
|
Turnover(2010) |
1,000,000,000 (USD 34,572,200 ) |
(As of 2011.06, 1 NTD = 0.03457 USD)
Bankers
|
Name |
|
|
Branch: |
Feng Yuan Brach |
Notes: Ms. Lin did not confirm the account code of
the subject of this bank.
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 Lin |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.93 |
|
UK Pound |
1 |
Rs.72.43 |
|
Euro |
1 |
Rs.63.62 |
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 |
|
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.