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Report No. : |
343953 |
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Report Date : |
13.10.2015 |
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, (R.O.C.) |
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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. |
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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 – March 31, 2015
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Taiwan |
A1 |
A1 |
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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. 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. 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. However, follow-on components of the ECFA, including a signed agreement on trade in services and negotiations on trade in goods and dispute resolution, have stalled. In early 2014, the government bowed to public demand and proposed a new law governing the oversight of cross-Strait agreements, before any additional deals with China are implemented; the legislature has yet to vote on such legislation, leaving the future of ECFA up in the air as President MA enters his final full year in office. MA has portrayed ECFA as Taiwan’s key to greater participation in East Asia’s free trade networks.
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 expected to account for nearly 20% of the island's total population by 2025.
The island runs a trade surplus, largely because of its surplus with China, and its foreign reserves are the world's fifth largest, behind those of China, Japan, Saudi Arabia, 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, the Taiwan Central Bank signed a memorandum of understanding (MOU) 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 has helped Taiwan develop into a local RMB hub.
Closer economic links with the mainland bring greater opportunities for Taiwan’s economy but also pose new challenges as the island becomes more economically dependent on China at a time when political differences remain unresolved. During 2014, the press paid increasing attention to domestic economic issues, while pushing aside the debates over trade liberalization that were a hallmark of MA’s tenure. The media focused on the divide between Taiwan’s “haves” and “have nots,” providing extensive coverage of public frustration with stagnant wages, skyrocketing housing prices, and the difficulty of finding decent entry-level jobs.
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Source
: CIA |
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Company Name: |
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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: |
1069-10, CHUNG SAN ROAD, SHEN KANG HSIANG
TAICHUNG HSIEN TAIWAN ROC |
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Telephone Number: |
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Fax Number: |
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E-mail: |
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Website: |
Note: The 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 belongs to subject’s factory
Subject was incorporated on
1994-10-21 with registered number 89886066
as Joint Stock Company in Taiwan.
Change of Name
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Former English Name: |
Deta Machinery Co., Ltd. |
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Current English Name: |
Deta International Co., Ltd. |
Factory
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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 |
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Major products: |
293 general machinery and equipment |
Related Companies
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1 |
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Name |
Kunshan Dejiu Machinery Co. Ltd. (literal translation) |
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Registered Address |
No.287, Kangzhuang Road, Zhoushi Town, Kunshan, Jiangsu, China |
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Date of Foundation: |
2011-12-08 |
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Registered Number: |
320583400048906 |
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Tel |
+86-512- 3686-2306 |
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Fax |
+86-512- 5706-2579 |
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E-mail |
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2 |
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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 |
#33/1(296), Malathalli Main Road,
Malathalli Post, Bangalore - 560 056 |
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Tel |
+91-80-2318-2828 |
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E-mail |
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Major Shareholders
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Name |
Subscription Shares |
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Yaode Huang |
1,750,000 |
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Anan Yan |
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750,000 |
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Xiuyue Zheng |
750,000 |
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 |
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Name |
Shulian Lin |
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Position |
Director |
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4 |
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Name |
Xiuyue Zheng |
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Position |
Supervisor |
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Personnel Structure
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Total Employees |
About 100 employees |
Offices & Factories
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Headquarters |
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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, etc.
Subject obtained the certifications of ISO 9002 and ISO 9001.
Purchase Information
The registered activities of subject:
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1 |
Design, assembly and sales of machine tools and the peripheral
equipment |
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2 |
Design, assembly and sales of conveying machinery equipment |
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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 |
The components and raw material for production are mostly purchased in
domestic market.
Subject is engaged in design, manufacturing
and sale of automatic tool changers, etc.
The major products sold by the subject are mainly applied in vertical
machining centers and horizontal centers, etc.
It is introduced that subject can provide OEM service.
It is introduced that subject is the biggest ATC manufacturer in Taiwan
with 50% of the market share.
Subject’s sales regions include Taiwan, Mainland China, USA and Japan,
etc.
Import and export right:
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Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
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Products |
Raw material, etc. |
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Payment Terms |
T/T, Cash, etc. |
Import
Subject has little import.
Sales
Domestic Markets
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Product |
Automatic tool changers, etc. |
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Selling Terms |
T/T, Cash, etc. |
Export
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Product |
Automatic tool changers, etc. |
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Selling Terms |
L/C, T/T, etc. |
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
sources we could not obtain such information, either.
Subject declined to disclose its bank details; from other source we
could 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.
Interview Details
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Name |
Mr. Li |
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Department |
Sales Department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.64.73 |
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1 |
Rs.99.30 |
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Euro |
1 |
Rs.73.60 |
INFORMATION DETAILS
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Analysis Done by
: |
DIV |
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Report Prepared
by : |
NIT |
RATING EXPLANATIONS
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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.