MIRA
INFORM REPORT
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Report Date : |
5th
January, 2007 |
IDENTIFICATION
DETAILS
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Name : |
SR
TRADING LTD. |
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Registered Office : |
5fl-8, 186 Keelung Rd Section 1 Hsin-I
Dist Taipei City 110, Taiwan. |
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Country : |
Taiwan |
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Date of Incorporation : |
24.05.1997 |
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Com. Reg. No.: |
16082962 |
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Legal Form : |
Private
Limited Company |
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Line of Business : |
Engaged
in importing and domestic sales of diamond products. |
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/normal. |
Small |
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Maximum Credit Limit : |
USD5,000 |
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Status : |
Small
Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
Company Name & Address
SR TRADING LTD
5FL-8, 186 KEELUNG RD SECTION 1 HSIN-I DIST
TAIPEI CITY 110, TAIWAN
TEL:886-2-27654874 FAX:886-2-27455582
EXECUTIVE SUMMARY
INCORPORATION
DATE : MAY 24, 1997
REGISTRATION
NO. : 16082962
LEGAL
FORM : PRIVATE
LIMITED COMPANY
CHIEF
EXECUTIVE : MR.
RAMESHBHAI BABABHAI PATEL (CHAIRMAN)
STAFF
STRENGTH : 3
CAPITAL : US$ 153,139
BUSINESS
LINE : IMPORTER
TURNOVER : N/A (AS OF DEC.
31, 2005)
EQUITIES : N/A (AS OF
DEC. 31, 2005)
PAYMENT : AVERAGE
RECOMM.
CREDIT RANGE : USD 5,000
MARKET
CONDITION : COMPETITIVE
FINANCIAL
CONDITION : STABLE
OPERATIONAL
TREND : FAIRLY STEADY
GENERAL
REPUTATION : AVERAGE
EXCHANGE
RATE : TWD 32.4500 =
US$1 AS OF 2007-1-4
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
*Company
Registration*
===================
License
number : 16082962
Date
issued : 24 May, 1997
Issuing
authority : Ministry of Economic Affairs (MOEA)
*Office
& Facilities*
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Size : 26 sq. meters
Location :
Taipei City
Property
status :
Rented
Type of
building : Commercial
*Corporate
& Organization Structure*
============================
A small
sized company operated and managed by an experienced team of professionals.
*Reputation*
==========
Reference
checking for the purpose of establishing the firm's reputation within the
respective industry failed to reveal any negative information.
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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Mr.
Rameshbhai Bababhai Patel 90.00
Undisclosed Investors 10.00
Name Nationality
Job Description
Mr.
Rameshbhai Bababhai Patel Indian
General Manager
*Key
Personnel*
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Mr.
Rameshbhai Bababhai Patel
Founder : Co- founder
Work
experience : More than 5 years
Responsibilities : Handles the daily operation of the firm
including all financials and legal matters.
*Main
Products & Services*
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Specializes
in importing and domestic sales of diamond products.
Products
: Diamond product
Diamonds
*Payment
Terms*
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Sales
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Local : Cash
30-90 days credit
Purchases
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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:
-
PLATINUM JEWEL CO
- THAI
FINE GEMS & JEWELRY LTD
- WORLD
SHINER JEWELLERY LTD
- YU PAY
JEWELRY CO
*Local
Distribution Network*
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100% of
the annual turnover is attributed to local sales.
*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.
SC is not known to have any subsidiary at present.
PAYMENT RATING :4
OBTAINED SCORES : 48
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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.
Dealings on open terms may be possible for SMALL
amounts depending on individual judgement experience.
As a
private limited company with a 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.
*Int´l
Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports
Total
2003 $50,000.00 $0.00
$50,000.00
2004 n/a $0.00 $0.00
2005 $100,000.00 $0.00
$100,000.00
Over the
past 10 years, SC has made a stable growth with satisfactory profit. It is
considered a credit line up to USD5,000 appears to be within SC’s capacities.
ATTACHED: TRADE REFERENCES
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 3961
Jewelry of materials other
than solid gold, platinum & silver
Importing 5094
Jewelry/Watches/Precious
Mtl
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 7102
Diamonds, worked or not,
not mounted or set
Importing 7116201000
Jewelry of precious or semiprecious
stones
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing
from Asia
Importing
from India
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/normal. |
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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