MIRA
INFORM REPORT
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Report Date : |
14.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
ROSHAN INT'L LTD |
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Registered Office : |
9FL, 402 Nanping Rd Tsoying Dist Kaohsiung City 813 |
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Country : |
Taiwan |
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Date of Incorporation : |
21.04. 2000 |
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Com. Reg. No.: |
70551097 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import and Local Distribution of Diamonds and other Jewelry
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. |
Small |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
ROSHAN
INT'L LTD
9FL, 402 NANPING RD TSOYING DIST
KAOHSIUNG CITY 813, TAIWAN
TEL: 886-7-5526830 FAX: 886-7-5526834
EXECUTIVE SUMMARY
INCORPORATION DATE :
APRIL 21, 2000
REGISTRATION NO. :
70551097
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. SALIM MOHMAO FRUITWALA (CHAIRMAN)
STAFF STRENGTH :
1
CAPITAL :
US$ 262,235
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 30.91561 = 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 : 90.92 sq. meters
Location : Kaohsiung City
Property status : Owned by ROSHAN INT'L LTD
Type of building : Commercial
Comments : Serves as office and warehouse.
*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.
SC is not known to host website of its own at present.
E-mail: arsu1@hotmail.com
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 2
Total number of shares: N/A
Shareholders Country Number Amount %
----------------- ------------ ----------- ----------- --------
Mr. Salim Mohmao Fruitwala India n/a n/a 99.00
Undisclosed Shareholders n/a n/a n/a 1.00
Management: Mr. Salim Mohmao Fruitwala, General Manager
Name Nationality
Job Description
Mr. Salim Mohmao Fruitwala Indian
General Manager
*COMPANY DIRECTORS*
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Name: Mr. Salim Mohmao Fruitwala
Nationality: India
*Main Products & Services*
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Specializes in the import and local distribution of diamonds and other
jewelry products.
Products: Diamonds
Precious
stones
Rough diamonds
Rough precious
stones
*Payment Terms*
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Sales
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Local : 30-90 days credit
Cash
Purchases
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Local : 30-90 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:
- BLANCO ENTERPRISE CO LTD
- GLORIDIA CORP
- CATHAY-OVERSEAS CO LTD
- GOLDEN ART & JEWELRY CO LTD
- FANTASIA NOVELTY ENTERPRISE CORP
- WORLD SHINER LTD TAIWAN BRANCH (HK)
- ANCIENT STONE JEWELRY & HANDICRAFT CO
- HARRY WINSTON INC - TAIWAN BRANCH (USA)
- CHING CHT CO LTD
- WORLD SHINER JEWELLERY LTD
- RIO TINTO LTD
- JUST GOLD DIAMOND CO LTD
- THAI FINE GEMS & JEWELRY LTD
*Domestic Customers*
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Most of domestic sales are achieved through direct sales to end-user
customers.
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*International Trade Activity*
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There is no record of exports , since the prime focus of the firm's
activity is concentrated on the local sales only.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES :
58
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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 USD6
million, there is no legal requirement according to local corporate law for
public disclosure of detailed financial.
Although financial summaries were obtained for reference.
Note: At the time of preparing this report, 2007 financial has not been
submitted to Taiwan Tax Authorities.
*BANK DETAILS*
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Bank Name: MEGA INT'L COMMERCIAL BANK CO LTD
Branch: Chungcheng Dist, Taipei City
Branch Address: 123 Jhongsiao E Rd Section 2
SWIFT Code: ICBCTWTP
*Financial Summary (Currency: U.S. $'s)
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Year Sales Net Income
2004 $696,360.90 $77,112.78
2005 $768,000.00 $84,480.00
2006 $840,000.00 $92,400.00
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2003 $400,000.00 n/a
$400,000.00
2004 $600,000.00 n/a
$600,000.00
2005 $640,000.00 $10,000.00 $650,000.00
2006 $700,000.00 n/a
$700,000.00
SC is considered small-sized in its line with a development history of 8
years.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3281 Cut stone
and stone 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
Trading 7100 Pearls,
stones, prec. metals, imitation jewelry, coins
Trading 7102310000 Diamonds
except industrial, unworked or simply sawn, cleaved or brutd
Trading 7102390010 Diamonds
nonindustrial, (cut, faceted, not set or mounted) weighing less than 0.5 carat
each
Trading 7116201000 Jewelry
of precious or semiprecious stones
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Importing from Asia
Importing from India
Importing from Middle East
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%)