MIRA
INFORM REPORT
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Report Date : |
23.10.2008 |
IDENTIFICATION DETAILS
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Name : |
NISHH THAA TRADING CO LTD |
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Registered Office : |
13FL-3, 85 Chung Hsiao East Section 1 Chungcheng Dist |
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Country : |
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Date of Incorporation : |
19.06. 2006 |
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Com. Reg. No.: |
28194294 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importer of Uncut Diamonds and Gold Jewelry. Sales and Distribution of products to Domestic Market. |
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
NISHH
THAA TRADING CO LTD
13FL-3, 85 CHUNG HSIAO EAST SECTION 1
CHUNGCHENG DIST
TEL: 886-2-23578774 FAX: 886-2-23213828
EXECUTIVE SUMMARY
INCORPORATION DATE :
JUNE 19, 2006
REGISTRATION NO. : 28194294
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. JATIN DINESHCHANDRA MEHTA (CHAIRMAN)
STAFF STRENGTH :
4
CAPITAL :
US$ 155,280
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.98153 = 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 : 35 sq.meter.
(Approx)
Location : Central Business District (CBD)
Property status : Rented
Type of building : Commercial
building
Comment : Premises is shared with affiliated company,
WAILY INT'L LTD - TAIPEI BRANCH
*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.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholders: 1
Total number of shares: N/A
Shareholders Country Number Amount %
Mr. Jatin Dineshchandra
Mehta
Management: M/s. J. Mao, Manager
Mr. Jatin Dineshchandra Mehta, General Manager
Name Nationality
Job Description Dept. / Division
M/s. J. Mao Taiwanese
Manager Sales
Mr. Jatin Dineshchandra
Mehta Indian General Manager -
*COMPANY DIRECTORS*
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1
Name : Mr. Jatin Dineshchandra Mehta
Nationality : Indian
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing wide range of uncut diamonds and gold jewelry.
2. Sales and distribution of products to domestic market.
Products: Diamonds
Gold
Gold jewelry
Gold necklaces
Raw diamonds
*Payment Terms*
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Sales
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Local : 30 - 90 days credit
Cash
Purchase
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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:
- PAODA ENTERPRISE CO LTD
- EAST ASIA DEVELOPMENT CO LTD
- CENTURY DIAMOND CO LTD
- WORLD SHINER JEWELLERY LTD
- EADER INT'L CORP
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales to jewelry
stores and manufacturers.
*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.
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : WAILY
INT'L LTD -
Address :
13Fl-3, 85 Chung Hsiao East Section 1
Country :
Relationship :
Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry :
Giftware & Jewellery
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 local corporate law for
public disclosure of detailed financials.
Although financial summaries were obtained for
reference.
*BANK DETAILS*
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Bank Name : TAIPEI FUBON COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address : 1Fl,
SWIFT Code : TPBKTWTP
*Financial Summary (Currency:
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Year Sales Assets Net Income
2007 $1,176,825.59 $57,332.53 $34,399.52
*Int´l Trade Activity (Currency:
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Year Imports Exports Total
2006 $95,000.00 n/a $95,000.00
2007 $570,000.00 n/a $570,000.00
SC is considered small-sized in its line with a short history.
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 7102390010 Diamonds
nonindustrial, (cut, faceted, not set or mounted)
weighing less than 0.5 carat each
Importing 7113190000 Jewelry
and parts thereof, of precious metal other than silver
Importing 7113192900 Gold
necklaces and neck chains
Importing 7113195000 Gold
jewelry, goldsmiths wares and other gold articles
Importing 7116201000 Jewelry
of precious or semiprecious stones
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Gold
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.49.95 |
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1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
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%)