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Report Date : |
17.04.2013 |
IDENTIFICATION DETAILS
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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 |
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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 : |
Manufacturing and sales of automatic tool changers, etc. |
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No. of Employees : |
About 100 Employees |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 |
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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 |
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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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, R.O.C. |
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Supplied Address: |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes: Subject’s
exact name and address are as above. It is introduced that the supplied name is
the one responsible for foreign sales business and the supplied address is
subject’s factory address.
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Registered Name: |
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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: |
1994-10-21 |
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Registration Number: |
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Registry: |
MOEA Central Office |
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Registered Capital: |
NTD 10,000,000 (USD 333,622) (As of 2013.04, 1 NTD = 0.0334 USD) |
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Paid-up Capital: |
NTD 10,000,000 (USD 333,622) |
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Legal Representatives: |
Yaode Huang |
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Legal Form: |
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Principal Activities: |
Manufacturing and sales of automatic
tool changers, 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 1994-10-21 with registered number 89886066 as Joint Stock Company in Taiwan.
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Former Name |
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Current Name |
Deta
International Co., Ltd |
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Name |
Subscription Shares |
|
Yaode Huang |
300,000 |
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Anan Yan |
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150,000 |
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|
Xiuyue Zheng |
150,000 |
The information above is that of subject’s major shareholders.
Factory
|
Name |
Shengang Factory |
|
Address |
No.1066, Chung Shan Rd., Shengang Dist., Taichung City 429, Taiwan
(R.O.C.) |
Related Companies
|
1 |
|
|
Name |
Deta
International Co., Ltd (Kunshan) |
|
Address |
No.287,
Kangzhuang Road, Zhoushi Town, Kunshan, Jiangsu, China |
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Tel |
+86-512-5766-4275 |
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Fax |
+86-512-3682-2333 |
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E-mail |
|
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2 |
|
|
Name |
Detron Machine
Co., Ltd |
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Address |
No.47-5, Zuncian
Rd., Shengang Dist., Taichung City 42952, Taiwan |
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Tel |
+886-4-2561-6000 |
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Fax |
+886-4-2562-7872 |
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E-mail |
|
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3 |
|
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Name |
Spinder
Technology Co., Ltd. |
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Address |
No.31, Lane 660,
Sec.1, Shenlin Rd., Daya Dist., Taichung City 428, Taiwan, China |
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Tel |
+886-4-2562-4899 |
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Fax |
+886-4-2563-0593 |
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E-mail |
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4 |
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Name |
U-Tech Group |
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Address |
3/1, M.N.
Complex, Law College Road, Nagarabhavi, Bangalore-560 072 |
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Tel |
+91-80-2321-5081 |
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Fax |
+91-80-2321-5082 |
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E-mail |
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Core Management
|
1 |
|
|
Name |
Yaode Huang |
|
Position |
Board Chairman |
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2 |
|
|
Name |
Anan Yan |
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Position |
Director |
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3 |
|
|
Name |
Shulian Lin |
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Position |
Director |
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4 |
|
|
Name |
Xiuyue Zheng |
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Position |
Supervisor |
Personnel Structure
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Total Employees |
About 100 Employees |
Offices & Factories
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|
Headquarters |
|
Add |
No. 47-5, Zungqian Road., Shengang Shiang, Taichung County 42952,
Taiwan, R.O.C. |
Production Information
l
Subject
is engaged in manufacturing of automatic
tool changers, etc.
l
Subject has a factory in Shengang, Taichung City,
Taiwan for production and it can provide OEM service.
l
Subject
obtained the certifications of ISO 9002 and ISO 9001.
Purchase Information
l
The
registered activities of subject:
|
1 |
Design, assembly and sales of machine tools and the peripheral
equipments |
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2 |
Design, assembly and sales of conveying machinery equipments |
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3 |
Design, assembly and sales business of machine control system |
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4 |
Mechanical design, computer software development business |
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5 |
Consultation advisors of mechanical manufacturing technology |
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6 |
Import and export business of the above products |
l
It is
introduced that subject purchases machinery components mainly in local market.
Sales Information
l
Subject is engaged in sales of automatic tool
changers, etc.
l
Subject is also engaged in providing of automatic
tool changers deign service,
etc.
l
Subject’s
service regions include Mainland China, Taiwan, USA, Japan, etc.
l
It is
introduced that subject’s products are applied to machine tool market.
l
It is introduced that subject is the biggest ATC
manufacturer in Taiwan with 50% of the market share.
Import
and export right:
|
Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
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Components, etc |
100% |
Foreign Purchase
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
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Automatic
tool changers, etc |
CBD, COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Automatic
tool changers, etc |
CBD, 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. Xu declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not 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. Xu |
|
Position |
Staff |
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Department |
Sales Department |
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E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.54.33 |
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UK Pound |
1 |
Rs.83.17 |
|
Euro |
1 |
Rs.71.05 |
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 |
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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.