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Report Date : |
16.04.2013 |
IDENTIFICATION DETAILS
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Name : |
SAUTER ASIA CO., LTD. |
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Registered Office : |
No.40, Lane 213, Sec.4, Jhongshan Rd., Taiping Dist.,
Taichung City 411 |
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Country : |
Taiwan |
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Date of Incorporation : |
21.12.2007 |
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Com. Reg. No.: |
28901157 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturing and sales of machine tools and etc. |
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No. of Employees : |
About 40 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 : |
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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
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 |
Taiwan - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually decreasing government guidance of investment and foreign trade. In keeping with this trend, some large, state-owned banks and industrial firms have been privatized. Exports, led by electronics, machinery, and petrochemicals have provided the primary impetus for economic development. This heavy dependence on exports exposes the economy to fluctuations in world demand. In 2009, Taiwan's GDP contracted 1.9%, due primarily to a 20% year-on-year decline in exports. In 2010 GDP grew 10.9%, as exports returned to the level of previous years, and in 2011, grew 5.2%. However, 2012 growth will likely be less, according to most forecasters, because of softening global demand. Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are major long-term challenges. Free trade agreements have proliferated in East Asia over the past several years, but so far Taiwan has been excluded from this greater economic integration largely because of its diplomatic status with the exception of the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010. The MA administration has said that the ECFA will serve as a stepping stone toward trade pacts with other regional partners, and negotiations on a deal with Singapore began this year. Follow-on components of ECFA, including deals on trade in goods, services, and investment, have yet to be completed. Taiwan's Total Fertility rate of just over one child per woman is among the lowest in the world, raising the prospect of future labor shortages, falling domestic demand, and declining tax revenues. Taiwan's population is aging quickly, with the number of people over 65 accounting for 10.9% of the island's total population as of 2011. The island runs a large trade surplus, and its foreign reserves are the world's fourth largest, behind China, Japan, and Russia. Since 2005 China has overtaken the US to become Taiwan's second-largest source of imports after Japan. China is also the island's number one destination for foreign direct investment. Three financial memorandums of understanding, covering banking, securities, and insurance, took effect in mid-January 2010, opening the island to greater investments from the mainland's financial firms and institutional investors, and providing new opportunities for Taiwan financial firms to operate in China. Closer economic links with the mainland bring greater opportunities for the Taiwan economy, but also poses new challenges as the island becomes more economically dependent on China while political differences remain unresolved.
Source : CIA
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Company Name: |
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Supplied Name: |
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Trading Address: |
No. 368, Sec. 4,
Huanzhong Rd., Nantun District, Taichung, Taiwan |
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Supplied Address: |
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Telephone Number: |
+886-4-2380-5836 |
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Fax Number: |
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Website: |
Notes: The exact name and address are as above.
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Registered Name: |
Sauter Asia Co., Ltd. |
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Registered Address: |
No.40, Lane 213, Sec.4, Jhongshan Rd., Taiping
Dist., Taichung City 411, Taiwan (R.O.C.) |
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Date of Foundation: |
2007-12-21 |
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Registration Number: |
28901157 |
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Registry: |
MOEA Central Office |
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Registered Capital: |
(As of 2013.4, 1 NTD = 0.0335 USD) |
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Paid-up Capital: |
NTD 40,000,000 (USD 1,340,00)) |
|
Legal Representatives: |
Haike Mule |
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Legal Form: |
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Principal Activities: |
Manufacturing
and sales of machine tools and etc. |
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Staff: |
|
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Subject was incorporated
on 2007-12-21 with registered number 28901157as
Joint Stock Company in Taiwan.
|
Name |
Subscription
Shares |
|
2,700,000 |
|
|
GP Trading & Consulting Co., Ltd. |
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|
1,300,000 |
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The information above is that of subject’s major shareholders.
Related Companies
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1 |
|
|
Name |
GP Trading & Consulting Co., Ltd. |
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Address |
1F,No.57,Shuang-Shih Road, Taichung, Taiwan, R.O.C. |
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Telephone |
+886-4-2238-1205 |
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Fax |
+886-4-2238-1785 |
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Registration Number |
70640248 |
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Date of Registration |
1999-10-12 |
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Status |
Live Company |
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Manager Name |
Xuelan Zhong |
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Registry |
MOEA Central Office |
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Date of Last Annual Return |
2012-8-21 |
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2 |
|
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Name |
Sauter Feinmechanik GMBH |
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Address |
Carl-Zeiss-Str. 7, 72555 Metzingen, Germany |
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Telephone |
+49-712-3926 |
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Fax |
+49-712-3926 |
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E-mail |
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Core
Management
|
1 |
|
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Name |
Haike Mule |
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Position |
Board Chairman |
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2 |
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Name |
Guangyi Xiao |
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Position |
Deputy Chairman |
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Date of Appointment |
2008-6-19 |
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3 |
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Name |
Bohe Xiaote |
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Position |
Director |
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4 |
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Name |
Enneng Xiaote |
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Position |
Supervisor |
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Total Employees |
About 40 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No. 368, Sec. 4, Huanzhong Rd., Nantun
District, Taichung, Taiwan |
Production
Information
l
The subject is a manufacturer of machine tools and etc.
l
It is introduced that subject
has a factory in Taiwan for production activities.
l
It is introduced that
subject has obtained ISO 9001 certification.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F113010 |
Wholesales of machinery. |
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F213080 |
Retails of machinery and tools. |
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F114030 |
Wholesales of components and equipment of
automobiles and locomotives. |
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F214030 |
Retails of components and equipment of
automobiles and locomotives. |
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F106010 |
Wholesales of hardware. |
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F206010 |
Retails of hardware. |
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F401010 |
International trading business. |
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CB01010 |
Manufacturing of machinery and equipment. |
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CB01990 |
Manufacturing of other machinery. |
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CD01030 |
Manufacturing of automobiles and its
components. |
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CD01040 |
Manufacturing of locomotives and its
components. |
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CP01010 |
Manufacturing of hand tools. |
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CZ99990 |
Manufacturing of other undivided
industrial products. |
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F113990 |
Wholesales of other machinery and tools. |
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F114040 |
Wholesales of bicycle and its components. |
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F213990 |
Retails of other machinery and tools. |
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F214040 |
Retails of bicycle and its components. |
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ZZ99999 |
Besides licensed business, all other
business items those are not banned or restricted. |
l
It is introduced that subject purchases raw
materials, components and etc both in domestic and overseas market.
l
It is introduced that subject imports some
technologies and equipment from Germany.
Sales
Information
l
The subject is mainly engaged in sales of machine tools and etc.
l
It is introduced that
subject’s selling territory is mainly in Asia and etc.
l
It is introduced that
subject’s major customers are manufacturers of machinery, automobiles,
locomotives and etc.
l
It is introduced that subject’s
products are applied to manufacturing of machinery and etc.
Major products
|
1 |
VDI Tool Holder Series |
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2 |
BMT Turret |
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3 |
Orange Line |
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4 |
Blue Line |
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5 |
Red Line |
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6 |
Crown-Type Tool Turret |
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7 |
Head-Type Turrets |
|
8 |
B-Axis Technology |
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
|
Payment
Terms |
Proportion |
|
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Raw
materials, components and etc |
COD,CBD
and etc |
100% |
Foreign Purchase
|
Payment
Terms |
Proportion |
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Raw
materials, components and etc |
CBD
and etc |
100% |
Sales
Domestic Markets
|
Sales
Terms |
Proportion |
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Machine tools and etc. |
COD,CBD
and etc |
100% |
Export
|
Sales
Terms |
Proportion |
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|
Machine tools and etc. |
CBD
and etc |
100% |
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. Liao 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. Liao |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.63 |
|
UK Pound |
1 |
Rs.83.70 |
|
Euro |
1 |
Rs.71.42 |
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 |
---- |
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.