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Report Date : |
20.05.2014 |
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 : |
· Engaged in manufacturing and sales of automatic tool changers Subject is also engaged in providing of automatic tool
changers deign service |
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No. of Employees : |
100 |
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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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 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
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. 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.
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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.
Subject was incorporated
on 1994-10-21 with registered number 89886066
as Joint Stock Company in
Taiwan.
|
Former Name |
|
|
Current Name |
Deta International Co., Ltd |
|
Name |
Subscription Shares |
|
Yaode Huang |
1,750,000 |
|
Anan Yan |
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|
|
|
Xiuyue Zheng |
750,000 |
The information above is that of subject’s major shareholders.
Factory
|
Address: |
No.1066, Chung Shan Rd., Shengang Dist., Taichung
City 429, Taiwan (R.O.C.) |
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Date of Foundation: |
1999-7-15 |
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Date of Registration: |
1999-8-13 |
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Factory Registration Number: |
99642862 |
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Factory Manager: |
Yaode Huang |
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Status: |
In Production |
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Date of Last Annual Return: |
2003-3-26 |
Related Companies
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1 |
|
|
Name |
Deta International Co., Ltd (Kunshan) |
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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 |
|
Address |
No.47-5, Zuncian Rd., Shengang Dist., Taichung City 42952, Taiwan |
|
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 |
|
|
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
Directors
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1 |
|
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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 |
|
|
Name |
Shulian Lin |
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Position |
Director |
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4 |
|
|
Name |
Xiuyue Zheng |
|
Position |
Supervisor |
Personnel
Structure
|
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
Subject is engaged in manufacturing of automatic tool changers
Subject has a factory in Shengang, Taichung City,
Taiwan for production and it can provide OEM service.
Subject obtained the certifications of ISO 9002 and ISO 9001.
Purchase
Information
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 |
It is introduced that subject purchases machinery components mainly in
local market.
Subject is engaged in sales of automatic tool
changers
Subject is also engaged in providing of
automatic tool changers deign service
Subject’s service regions include Mainland China, Taiwan, USA, Japan
It is introduced that subject’s products are applied to machine tool
market.
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 |
|
|
Components |
100% |
Foreign
Purchase
Sales
Domestic
Markets
|
Sales Terms |
Proportion |
|
|
Automatic tool changers |
CBD, COD |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Automatic tool changers |
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 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 |
The Operator |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.58.43 |
|
|
1 |
Rs.98.28 |
|
Euro |
1 |
Rs.80.12 |
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 |
|
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 |
|
---- |
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.