|
Report Date : |
21.05.2014 |
IDENTIFICATION DETAILS
|
Name : |
SAUTER ASIA CO.,
LTD. |
|
|
|
|
Registered Office : |
No.40, Lane 213, Sec.4, Jhongshan Rd., Taiping
Dist., Taichung City 411, Taiwan (R.O.C.) |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
21.12.2007 |
|
|
|
|
Com. Reg. No.: |
28901157 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Manufacturing and sales of machine tools. |
|
|
|
|
No. of Employees |
40 |
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 – March 31, 2014
|
Country Name |
Previous Rating (31.12.2013) |
Current Rating (31.03.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low Risk |
A2 |
|
Moderately Low Risk |
B1 |
|
Moderate Risk |
B2 |
|
Moderately High Risk |
C1 |
|
High Risk |
C2 |
|
Very High Risk |
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. 368, Sec. 4, Huanzhong Rd., Nantun
District, Taichung, Taiwan |
|
Supplied Address: |
|
|
Telephone Number: |
+886-4-2380-5836 |
|
Fax Number: |
|
|
Website: |
Notes: The exact
name and address are as above.
|
Registered Name: |
Sauter Asia Co., Ltd. |
|
Registered Address: |
No.40, Lane 213, Sec.4, Jhongshan Rd., Taiping Dist., Taichung City 411,
Taiwan (R.O.C.) |
|
Date of Foundation: |
2007-12-21 |
|
Registration Number: |
28901157 |
|
Registry: |
MOEA Central Office |
|
Registered Capital: |
(As of 2013.4, 1 NTD = 0.0335 USD) |
|
Paid-up Capital: |
NTD 40,000,000 (USD 1,340,00)) |
|
Legal Representatives: |
Haike Mule |
|
Legal Form: |
|
|
Principal Activities: |
Manufacturing and sales
of machine tools. |
|
Staff: |
|
|
Listed at Stock
Exchange: |
|
|
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. |
|
|
1,300,000 |
The information above is that of subject’s major shareholders.
Related Companies
|
1 |
|
|
Name |
GP Trading &
Consulting Co., Ltd. |
|
Address |
1F,No.57,Shuang-Shih
Road, Taichung, Taiwan, R.O.C. |
|
Telephone |
+886-4-2238-1205 |
|
Fax |
+886-4-2238-1785 |
|
Registration
Number |
70640248 |
|
Date of
Registration |
1999-10-12 |
|
Status
|
Live
Company |
|
Manager Name |
Xuelan Zhong |
|
Registry |
MOEA Central Office |
|
Date of Last
Annual Return |
2012-8-21 |
|
2 |
|
|
Name |
Sauter
Feinmechanik GMBH |
|
Address |
Carl-Zeiss-Str.
7, 72555 Metzingen, Germany |
|
Telephone |
+49-712-3926 |
|
Fax |
+49-712-3926 |
|
E-mail |
|
Core
Management
Directors
|
1 |
|
|
Name |
Haike Mule |
|
Position |
Board Chairman |
|
2 |
|
|
Name |
Guangyi Xiao |
|
Position |
Deputy Chairman |
|
Date of
Appointment |
2008-6-19 |
|
3 |
|
|
Name |
Bohe Xiaote |
|
Position |
Director |
|
4 |
|
|
Name |
Enneng Xiaote |
|
Position |
Supervisor |
|
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. |
|
F213080 |
Retails of machinery and tools. |
|
F114030 |
Wholesales of components and equipment of
automobiles and locomotives. |
|
F214030 |
Retails of components and equipment of
automobiles and locomotives. |
|
F106010 |
Wholesales of hardware. |
|
F206010 |
Retails of hardware. |
|
F401010 |
International trading business. |
|
CB01010 |
Manufacturing of machinery and equipment. |
|
CB01990 |
Manufacturing of other machinery. |
|
CD01030 |
Manufacturing of automobiles and its components. |
|
CD01040 |
Manufacturing of locomotives and its components. |
|
CP01010 |
Manufacturing of hand tools. |
|
CZ99990 |
Manufacturing of other undivided industrial
products. |
|
F113990 |
Wholesales of other machinery and tools. |
|
F114040 |
Wholesales of bicycle and its components. |
|
F213990 |
Retails of other machinery and tools. |
|
F214040 |
Retails of bicycle and its components. |
|
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.
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 |
|
2 |
BMT Turret |
|
3 |
Orange Line |
|
4 |
Blue Line |
|
5 |
Red Line |
|
6 |
Crown-Type Tool Turret |
|
7 |
Head-Type Turrets |
|
8 |
B-Axis Technology |
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials,
components and etc |
COD,CBD and etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Raw materials,
components and etc |
CBD and etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Machine tools and etc. |
COD,CBD and etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
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.58.74 |
|
|
1 |
Rs.98.77 |
|
Euro |
1 |
Rs.80.52 |
INFORMATION DETAILS
|
Analysis Done by
: |
KAR |
|
|
|
|
Report Prepared
by : |
PDT |
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.