MIRA
INFORM REPORT
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Report Date : |
29.12.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHAYONA INT'L LTD |
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Registered Office : |
13FL-9, 68 Jen Ai Rd Section 4, Ta-An Dist Taipei City 106 |
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Country : |
Taiwan |
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Date of Incorporation : |
April 12, 2007 |
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Com. Reg. No.: |
28485552 |
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Legal Form : |
Private |
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Line of Business : |
Importation of jewelry and other related precious stones. Domestic sales of its products.
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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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Status : |
New & Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
name & address
SHAYONA INT'L LTD
13FL-9, 68 JEN AI RD SECTION 4
TA-AN DIST TAIPEI CITY 106, TAIWAN
TEL : 886-2-27054591
FAX : 886-2-27054876
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 12, 2007
REGISTRATION NO. :
28485552
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. JETHVA YOGESHKUMAR CHAKUBHAI (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
US$ 24,140
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.50923 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M – million
TWD –Taiwan New Dollars
*Office & Facilities*
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Size : 43 sq
meters
Location : Center
Business District (CBD)
Property status : Rented
Type of building : Residential
Building
Comments : Serves as
office
Previous contact details
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Address : 6Fl-2, 186 Keelung Rd
Section 1
Tel no. : 2-25793482
Fax no. : 2-25785183
*Factories, Size & Locations*
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The company is a trading house focused on importation of overseas products,
and maintains no manufacturing facilities.
*Corporate & Organization Structure*
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A small-sized company operated and managed by the owner of the firm.
*Reputation*
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Due to the recent incorporation of the firm, and the relatively small
nature of its business, no meaningful points of reference in terms of
reputation within the respective industry was possible.
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name % of Shares
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Jethva Yogeshkumar Chakubhai 99.00
Undisclosed Shareholders 1.00
Management: Mr. S. Sanjay,
Manager
Mr. Jethva Yogeshkumar Chakubhai, General Manager
Name Nationality
Job Description Dept.
/ Division
Mr. S. Sanjay Indian
Manager Sales
Mr. Jethva Yogeshkumar Chakubhai Indian
General Manager -
*Key Personnel*
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Jethva Yogeshkumar Chakubhai
Founder :
Sole-founder
Work experience : More than 1 year
Responsibilities : Daily
operation of the firm including all financial and legal matters
*Main Products & Services*
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Specializes in two (2) main areas of work:
1. Importation of jewelry and other related precious stones.
2. Domestic sales of its products.
Products: Color stones
Diamonds
Gems
Gemstones
Jewelry
*Payment Terms*
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Sales
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Local : 30-60 days credit
Purchases
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Local : 30-60 days credit.
Import : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
*Competitors*
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The following locally based companies supply similar range of products :
- WORLD SHINER LTD
- BLANCO ENTERPRISE CO LTD
- THAI FINE GEMS & JEWELRY LTD
- JAZZY SCIENCE TRADE INC
- S B GEMS (HONG KONG) CO LTD TAIWAN BRANCH
*Domestic Customers*
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Selling mainly to local jewelry stores on a wholesale basis.
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*International Trade Activity*
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Note: Due to the recent incorporation of SHAYONA INTERNATIONAL LTD,
there are no of either exports or imports attributed to the firm.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : DAEMEX CO LTD - TAIWAN BRANCH
Address : 2Fl, 1-1 Nan King West Rd Chungshan Dist Taipei City 104
Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Importer
Industry : Giftware & Jewellery
PAYMENT
RATING : 4 OBTAINED SCORES :
35
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Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the
payment pattern of SC based upon our Payment Database, comments from suppliers
of SC, information from banks (if available), as well as industrial sources.
As a private limited company with paid-up capital of less than USD 6
million, there is no legal requirement according to Taiwan corporate law for
public disclosure of detailed financials.
Furthermore the company was only incorporated in 2007, and hence has not
yet submitted financials to Tax Authorities for their first year of operations.
*Bank Details*
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Bank name : FIRST
COMMERCIAL BANK CO LTD
Branch : Taipei
Swift code : FCBKTWTP
SC is considered small-sized in its line with a short history. Credit
dealings with SC are recommended under secured terms at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 1499 Nonmetallic
minerals,
Importing 3281 Cut
stone and stone products
Importing 3299 Nonmetallic
mineral products,
Importing 3961 Jewelry
of materials other than solid gold, platinum & silver
Importing 5094 Jewelry/Watches/Precious
Mtl
Trading 1499 Nonmetallic
minerals,
Trading 3281 Cut stone
and stone products
Trading 3299 Nonmetallic
mineral products,
Trading 3961 Jewelry of
materials other than solid gold, platinum & silver
Trading 5094 Jewelry/Watches/Precious
Mtl
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2530 Mineral
substances
Importing 6815 Articles
of stone or other mineral substance
Importing 7102 Diamonds,
worked or not, not mounted or set
Importing 7102390010 Diamonds nonindustrial, (cut, faceted, not set or mounted)
weighing less than 0.5
carat
each
Importing 7103 Precious
& semiprec stones, not strung etc
Importing 7103102000 Rubies, sapphires, emeralds and rock crystals, unworked or
simply sawn or
roughly
shaped, not strung, mounted or set
Importing 7113 Articles
of jewelry & parts, of precious metal or clad
Importing 7116201000 Jewelry of precious or semiprecious stones
Trading 2530 Mineral substances
Trading 6815 Articles
of stone or other mineral substance
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Rubies
Importer Gems
Importer Gemstones
Trader Precious
stones
Trader Diamonds
Trader Jewelry
Trader Color
stones
Trader Sapphires
Trader Rubies
Trader Gems
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Asia
Importing from India
Importing from Middle East
Importing from Thailand
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 |
Unfavourable & favourable factors carry similar weight in credit
consideration. 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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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)