MIRA
INFORM REPORT
|
Report Date : |
09.01.2007 |
IDENTIFICATION
DETAILS
|
Name : |
TOP RICH 2000 LTD |
|
|
|
|
Registered Office : |
9FL-1 Century Tower 189 Keelung Rd,
Section 2 Hsin-I Dist Taipei City 110 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
22.02.2000 |
|
|
|
|
Com. Reg. No.: |
70764937 |
|
|
|
|
Legal Form : |
Private Limited Company |
|
|
|
|
Line of Business : |
Import
of jewelry products such as diamond. Domestic
sales of its imported products. |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
|
Maximum Credit Limit : |
USD 10,000 |
|
|
|
|
Status : |
Small
Company |
|
|
|
|
Payment Behaviour : |
No
Complaints |
|
|
|
|
Litigation : |
Clear |
name
TOP RICH 2000 LTD
address
9FL-1 CENTURY TOWER 189 KEELUNG RD
SECTION 2 HSIN-I DIST TAIPEI CITY 110, TAIWAN
TEL: 886-2-23786237
FAX: 886-2-23786199
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 22, 2000
REGISTRATION NO. :
70764937
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. MANOJ RAMESH JHAVERI (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 30,628
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 10,000
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : FAIRLY
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32. 65997 = US$1 AS OF 2007-1-9
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 : 70764937
Date
issued : 22 February, 2000
Issuing
authority : Ministry of Economic Affairs (MOEA)
*Office
& Facilities*
================
Size : 39 sq. meters
Location : Central Business District
Property
status : Owned by TOP RICH 2000 LTD
Type of
building : Commerical building
Comment : Serves as office and showroom.
Previous
Contact Details
==================
Address : 8Fl-2, 293 Chung Hsiao
East Rd Section 4 Ta-an Dist Taipei City 106
Tel
no :
2-23781747
*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*
=================
Shareholders'
Name % of Shares
--------------------------
----------------
Manoj
Ramesh Jhaveri 90.00
Undisclosed
Investors 10.00
Name Nationality
Job Description
Mr.
Ankit Jitendra Shah Indian Manager Sales
Mr. Manoj Ramesh Jhaveri Indian General Manager
*Key
Personnel*
=============
Manoj
Ramesh Jhaveri
Founder : Co-Founder
Work
experience : More than 5 years
Responsibilities : Handles the daily operation of the firm
including all financials, sales and legal matters.
*Main
Products & Services*
======================
Specializes
in two main areas of work :
1.
Import of jewelry products such as diamond.
2.
Domestic sales of its imported products.
Products
: Diamonds
Jewelers,
high class
Jewelry,
diamond
Jewelry,
diamond & gems
Jewelry,
supplies
*Payment
Terms*
=============
Sales
------
Local : Cash
30-60 days credit
Purchases
--------------
Import :
Letter of Credit (L/C)
Document against Acceptance (D/A)
*Competitors*
============
The
following locally based companies supply similar range of products :
-
CATHAY-OVERSEAS CO LTD
-
EMPEROR DIAMOND CO LTD
-
DIAMOND JEWELRY CO LTD
-
DIAMOND LENS CO LTD
-
DIAMOND LIFESTYLE CORP
*Local
Distribution Network*
=======================
100% of
the annual turnover is attributed to local sales.
*Export
Markets*
==============
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 : 45
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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.
Bank
Name : BANK OF TAIWAN
SWIFT
Code : BKTWTWTP
Bank
Name : FIRST COMMERCIAL BANK CO LTD
SWIFT
Code : FCBKTWTP
*Financial
Summary (Currency: U.S. $'s)
===============================
Year Sales Assets
Net Income
2003 $766,724.34
$163,177.62 $6,225.49
*Int´l
Trade Activity (Currency: U.S. $'s)
===============================
Year Imports Exports
Total
2000 $215,241.06 $0.00
$215,241.06
2001 $597,446.31 $0.00
$597,446.31
2002 $215,004.31 $0.00
$215,004.31
2003 $800,000.00 n/a $800,000.00
2004 $1,000,000.00 n/a $1,000,000.00
2005 $1,500,000.00 n/a $1,500,000.00
SC is
considered small-sized in its line with a development history of 7 years. It is
considered a credit line up to USD10,000 appears to be within SC’s capacities.
Attached:
trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity
Code Product/Service Description
Importing 3911
Jewelry, of precious metal
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 7102100000
Diamonds, unsorted
Importing 7102390010
Diamonds nonindustrial, (cut,
faceted, not set or mounted) weighing less
than
0.5 carat each
Importing 7113
Articles of jewelry &
parts, of precious metal or clad
Importing 7113200000
Jewelry and parts, base metal clad w
precious metal
Importing 7113205000
Jewelry of base metal clad with
precious metal
Importing 7116201000
Jewelry of precious or semiprecious
stones
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing
from Asia
Importing
from India
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|