MIRA
INFORM REPORT
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Report Date : |
21.11.2008 |
IDENTIFICATION DETAILS
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Name : |
TOP RICH 2000 LTD |
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Registered Office : |
9FL-1 |
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Country : |
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Date of Incorporation : |
22.02.2000 |
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Com. Reg. No.: |
70764937 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import of Jewelry Products such as Diamond. Domestic Sales of its Imported 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
TOP
RICH 2000 LTD
9FL-1
SECTION 2 HSIN-I
TEL: 886-2-23786237 FAX: 886-2-23786199
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 22, 2000
REGISTRATION NO. :
70764937
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. MANOJ RAMESH JHAVERI (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 32,841
BUSINESS LINE :
IMPORTER
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 31.62994 = 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 –
*Office & Facilities*
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Size
: 39 sq. meters
Location : Central Business District
Property status : Owned by TOP RICH 2000 LTD
Type of building : Commercial building
Comment : Serves as office and showroom.
Previous Contact Details
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(1)
Address : 8Fl-2,
Tel No. :
2-23781747
(2)
Address : 3Fl, 105 Min Sheng East Rd Section 3,
(3)
Address : 4Fl, 2,
Lane 200,
*Factories, Size & Locations*
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The company is a trading house focused on import and maintains no
manufacturing facilities.
*Corporate & Organization Structure*
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A small-sized company operated and managed by an experienced team of
professionals.
SC is not known to host website of its own at present.
E-mail: heaven_hell_77@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. Manoj Ramesh Jhaveri
Undisclosed Shareholder n/a n/a n/a 10.00
Management: Mr. Ankit Jitendra
Shah, Manager
Mr. Manoj Ramesh Jhaveri, General Manager
Ms. Ting Ho, Secretary
Name Nationality
Job Description Dept. / Division
Mr. Ankit Jitendra Shah Indian Manager Sales
Mr. Manoj Ramesh Jhaveri Indian
General Manager -
Ms. Ting Ho Taiwanese
Secretary -
*Main Products & Services*
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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*
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Sales
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Local : Cash
30-60 days credit
Purchases
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Import : Letter of Credit (L/C)
Document against
Acceptance (D/A)
*Competitors*
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The following locally based companies supply similar range of
products :
- EMPEROR DIAMOND CO LTD
- ARCHIE & BROTHER INDUSTRIAL CO LTD
- DIAMOND STAR CO HK LIMITED
- SHIH HER TECHNOLOGIES INC
- SHAYONA INT'L LTD
- DIAMOND JEWELRY CO LTD
- DIAMOND LENS CO LTD
- DIAMOND LIFESTYLE CORP
*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 because the prime focus of the firm's
activity is concentrated on local sales only.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : TOP RICH
2000 LTD
Country :
Relationship : Affiliate
Legal Form :
Private company with limited liability
Company Type : Service
Industry :
Professional Services
PAYMENT RATING : 3 OBTAINED SCORES : 57
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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
Although financial summaries were obtained for reference.
BANK DETAILS
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Bank Name : BANK OF
Branch : Chungcheng
Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : FIRST COMMERCIAL
BANK CO LTD
Branch : Chungcheng
Dist,
Branch Address : 10Fl,
SWIFT Code : FCBKTWTP
*Financial Summary (Currency:
==============================
Year Sales Net Income
2003 $766,724.34 $6,225.49
2007 $4,526,252.26 $217,260.11
*Int´l Trade Activity (Currency:
==============================
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 $1,200,000.00 n/a $1,200,000.00
2006 $950,000.00 n/a $950,000.00
2007 $1,800,000.00 n/a $1,800,000.00
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
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
Country / Region
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.50.03 |
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1 |
Rs.74.42 |
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Euro |
1 |
Rs.62.71 |
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%)