|
Report Date : |
03.04.2014 |
IDENTIFICATION DETAILS
|
Name : |
DAYLY TECHNIC INDUSTRY CO. |
|
|
|
|
Registered Office : |
1F., No.16, Aly. 43, Ln. 336, Sec. 3, Zhonghua E. Rd., East Dist., Tainan City 701 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
25.07.1992 |
|
|
|
|
Com. Reg. No.: |
86804409 |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of machinery and
equipment |
|
|
|
|
No. of Employees : |
20 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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 – September 30, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
TAIWAN - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually decreasing government guidance of investment and foreign trade. 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. Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are other major long-term challenges. Free trade agreements have proliferated in East Asia over the past several years, and following the landmark Economic Cooperation Framework Agreement (ECFA) signed with China in June 2010, Taiwan in July 2013 signed a free trade deal with New Zealand—Taipei’s first-ever with a country with which it does not maintain diplomatic relations—and in November inked a trade pact with Singapore. Negotiations continue on follow-on components of ECFA regarding trade in goods and a dispute resolution mechanism; a trade in services agreement is under review in the legislature. 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 11.2% of the island's total population as of 2012. The island runs a large overall trade surplus largely because of its surplus with China, and its foreign reserves are the world's sixth largest, behind China, Japan, Saudi Arabia, Russia, and Switzerland. In 2006 China overtook 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. Taiwan since 2009 has gradually loosened rules governing Chinese investment on the island, and has also secured greater market access for its investors in the mainland. In August 2012, Taiwan Central Bank signed a memorandum of understanding on cross-Strait currency settlement with its Chinese counterpart. The MOU allows for the direct settlement of Chinese RMB and the New Taiwan dollar across the Strait, which could help develop Taiwan into a local RMB hub. 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 |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
No.16, Aly. 43,
Ln. 336, Sec. 3, Zhonghua E. Rd., East Dist., Tainan City 701, Taiwan
(R.O.C.) |
|
Supplied Address: |
NO.16 ALY. 43,
LN. 336, SEC. 3, ZHONGHUA E. RD., EAST DIST., TAINAN 70167 |
|
Telephone Number: |
+886-6-268-5985 |
|
Fax Number: |
|
|
E-mail: |
Notes: The exact name
and address are as above.
|
Registered Name: |
Dayly Technic Industry Co. |
|
Registered Address: |
1F., No.16, Aly. 43, Ln. 336, Sec. 3,
Zhonghua E. Rd., East Dist., Tainan City 701, Taiwan (R.O.C.) |
|
Date of Foundation: |
1992-7-25 |
|
Registration Number: |
86804409 |
|
Registry: |
Tainan City Government |
|
Registered Capital: |
(As of 2014.3, 1 NTD = 0.0331 USD) |
|
Legal Representatives: |
Qingyu Luo |
|
Legal Form: |
|
|
Principal Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated
on1992-7-25 with registered number 86804409
as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Qingyu Luo |
3,100,000 |
The information above is that of subject’s
major shareholders.
Factory
|
Address: |
No.8, Kaifa 3rd Road, Rende District, Tainan, Taiwan |
Core Management
Directors
|
1 |
|
|
Name |
Qingyu Luo |
|
Position |
Director |
Personnel
Structure
|
Total Employees |
About 20 Employees |
Offices &
Factories
|
|
Headquarters |
|
Add |
No.16, Aly. 43, Ln. 336, Sec. 3, Zhonghua E. Rd., East Dist., Tainan
City 701, Taiwan (R.O.C.) |
Production
Information
·
Subject is a manufacturer of machinery and equipment
·
It is introduced that
subject has two factories in Taiwan and Shenzhen, Guangdong Province, the mainland
of China for production activities.
Purchase
Information
The registered activities of subject:
|
Business Code |
Details |
|
F106010 |
Wholesales of hardware. |
|
F113010 |
Wholesales of machinery and equipment. |
|
F113020 |
Wholesales of electrical appliances. |
|
F113030 |
Wholesales of precision instrument. |
|
F113050 |
Wholesales of computers and relating equipment. |
|
F113990 |
Wholesales of other machinery and tools. |
|
F114030 |
Wholesales of components and parts of automobile and locomotives. |
|
F206010 |
Retails of hardware. |
|
F213010 |
Retails of electrical appliances. |
|
F213030 |
Retails of computers and relating equipment. |
|
F213040 |
Retails of precision instrument. |
|
F213080 |
Retails of machinery and equipment. |
|
F213990 |
Retails of other machinery and tools. |
|
F214030 |
Retails of components and parts of automobile and locomotives. |
|
F401010 |
International trading business. |
|
CA01050 |
Secondary processing of steel. |
|
CB01010 |
Manufacturing of machinery and equipment. |
|
CD01030 |
Manufacturing of automobile and components. |
|
CD01040 |
Manufacturing of locomotives and components. |
|
CQ01010 |
Manufacturing of molds. |
|
I599990 |
Other designing. |
It is introduced that subject purchases its components both at home and
abroad.
·
The subject is mainly engaged in sales of machinery and equipment
·
It is introduced that
subject’s selling territory is including Asia, Europe, America
·
It is introduced that
subject’s major customers are manufacturers of automobile, locomotives,
machinery and equipment.
·
It is introduced that
subject has cooperated with many manufacturers, such as “KYB”, “SHOWA”,
“FUTABA’, “AISIN SEIKI”, “DENSO’, “HONDA”, “SUZUKI”, “AKEBONO”, “DAIKIN”
Major Products
|
Types |
Items |
|
Muffler |
Swiss Roll Welding + Shape Forming & Flanging M/C Lock Seaming Machine End Flanging Machine Baffle Insertion Machine |
|
Catalytic Converter Case |
Double Roller Tube Rolling Machine Tunnel Type Plasma Welding Machine NC Catalytic Converter Press-In Machine Double Roller Tube Spinning Machine Finished Product |
|
Shock Absorber-Full Automatic Assembly Line |
Out-Shell, Inner Tube Loading Auto Oil Filling Piston Rod, Bearing Loading Bearing Press-In Piston Rod Auto Pulling Damping Force Testing Tube End Spinning N2 Filling Dust Cap Press-In Unloading Station Finished Product |
|
Shock Absorber Welding Equip. |
Projection Welding Machine 4 Gun Spot Welding Machine Damping Force Tester(Speed 0.02~1.0m/sec) Vertical Seam Welding Machine Horizontal Seam Welding Machine Single Torch CO2 Welding Machine CO2 Robotic Welding Machine |
|
ERW Stainless Steel Tube Mill |
High Speed Stainless Steel Tube Line |
|
Door Sash Welding |
Inverter Seam Welding Machine Standard Seam Welding Machine |
|
Brake Shoe Welding and Trimming |
Brake Shoe Projection Welding Machine |
|
Motorcycle Rim |
Multi-Punching Machine(Standard Type) Multi-Punching Machine NC Deburring Machine Rim Trimming Machine Stationary Auto Buffing Machine |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic
Purchase
|
Payment Terms |
Proportion |
|
|
Components both
at home and abroad. |
COD, CBD |
100% |
Foreign
Purchase
|
Payment Terms |
Proportion |
|
|
Components both
at home and abroad. |
CBD |
100% |
Sales
Domestic
Markets
|
Sales Terms |
Proportion |
|
|
Machinery and equipment |
COD, CBD |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Machinery and equipment |
CBD |
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 Mr. Luo 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 |
Mr. Luo |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.65 |
|
|
1 |
Rs.99.21 |
|
Euro |
1 |
Rs.82.39 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
NNA |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
-- |
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.