MIRA INFORM REPORT

 

 

Report Date :           

29.12.2011

 

IDENTIFICATION DETAILS

 

Name :

ROSE INTERNATIONAL CO., LTD.

 

 

Registered Office :

7F., No.85, Sec.4, Ren-Ai Rd., Daan District, Taipei 106

 

 

Country :

Taiwan

 

 

Date of Incorporation :

13.01.2003

 

 

Com. Reg. No.:

80153175

 

 

Legal Form :

Private Limited Liability Company

 

 

Line of Business :

Trader of tea, tea set, etc.

 

 

No. of Employees :

700

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

USD 30,000

Status :

Moderate

Payment Behaviour :

Unknown

Litigation :

Clear

 


NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

ECGC Country Risk Classification List – September 30th, 2011

 

Country Name

Previous Rating

                   (30.06.2011)                  

Current Rating

(30.09.2011)

Taiwan

a2

a2

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 


Contact Points

 

Company Name:

Rose International Co., Ltd.

Supplied Name:

Rose International Co Ltd.

Trading Address:

7F., No.85, Sec.4, Ren-Ai Rd., Daan District, Taipei 106, Taiwan, R.O.C.

Supplied Address:

7F No. 85 Sec 4 Ren-Al Road, Da-An District, Tape 106, Taiwan

Telephone Number:

+886-2-27110722

Fax Number:

+886-2-27110705

 

 

Credit Summary

 

Credit Rating:

Maximum credit USD 30,000

Credit Opinion:

Business connections are permissible.

 

 

Company Identification Details

 

Registered Name:

Rose International Co., Ltd.

Registered Address:

7F., No.85, Sec.4, Ren-Ai Rd., Daan District, Taipei 106, Taiwan, R.O.C.

Date of Foundation:

2003-1-13

Registration Number:

80153175

Registry:

Government of Taipei City

Registered Capital:

NTD 10,000,000.00 (USD 330,000.00)

(As of 2011.12, 1 NTD = 0.033 USD)

Paid-up Capital:

NTD 10,000,000.00 (USD 330,000.00)

Legal Representatives:

Ruimei Gu

Legal Form:

Private Limited Liability Company

Principal Activities:

Trader of tea, tea set, etc.

Staff:

About 700 employees

Listed at Stock Exchange:

No

Date of Last Annual Return:

2010-9-6

Notes:

The relevant staff introduced that they have about 20 stores in Taiwan, and the whole staff number was about 700 employees.

 

 

History

 

Subject was incorporated on 2003-1-13 with registered number 80153175 as Private Limited Liability Company in Taiwan.

 

 

Shareholders

(Unit: NTD)

           

Name

Subscription Amount

Ruimei Gu

4,500,000

 

The information above is that of subject’s major shareholders.

 

 

Subsidiaries & Branches

 

Branch Companies

Name

Taichuang Branch

Address

No. 2 Sec. 1 Wuquan Road, West District, Taichuang City

Registration Number

24498752

Date of Last Annual Return

2010-1-25

 

 

Personnel Information

 

Core Management

Directors

Name

Ruimei Gu

Position

Director

Personnel Structure

Total Employees

About 700 employees

 

 

Operation Information

 

Offices & Factories

 

Headquarters

Add

7F., No.85, Sec.4, Ren-Ai Rd., Daan District, Taipei 106, Taiwan, R.O.C.

Production Information

l         Subject is a trader of tea, tea set, etc. without any production activities

 

Purchase Information

l         The registered activities of subject:

Business Code

Details

F501030 

Beverage stores industry

F203010

Retails of food, beverage

F102050 

Wholesales of tea

F102070 

Wholesales of Canned Food

F105990

Other Furniture and Fixtures Wholesale (works of art, sculpture)

F205020 

Retails of decorations

F299990

Other retails (artworks)

F401010 

International trade

I103010 

Business management consultant business

F209010 

Retails of books, stationery

F204050

Retails of garments

F106020

Wholesales of daily

F206020 

Retails of daily

F102040

Wholesales of beverage

I401010 

General advertising services

ZZ99999

Besides licensed business, all other business items those are not banned or restricted

Besides licensed business, all other business items those are not banned or restricted.

 

l         The products are purchased from abroad.

l         The subject has a proportion of 100% for Import.

l         Subject imports from England.

Sales Information

l         Subject is mainly engaged in business activities, business planning, etc.

l         Subject’s main customers are ladies.

l         The subject is mainly engaged in sales of tea, tea set, etc.

l         The subject has a proportion of 50% for export.

l         Subject has both domestic and foreign markets.

 

Import and export right:

Import right

Yes

Export right

Yes

 

 

Settlements

 

Purchase

Domestic Purchase

Notes: Subject do not purchases from domestic markets.

Foreign Purchase

Product

Payment Terms

Proportion

Tea, tea set, etc.

CBD, etc.

100%

 

Sales

Domestic Markets

Product

Sales Terms

Proportion

Tea, tea set, etc.

COD, etc.

100%

 

Export

Product

Sales Terms

Proportion

Tea, tea set, etc.

CBD, etc.

100%

 

 

Financial Information

 

Subject has no obligations to disclose its financial statements to the third party according to the relevant policy in Taiwan and the only source from which we can obtain the information is the subject itself.

Subject’s relevant staff Ms. Zhou declined to disclose its financials citing the grounds of company’s confidentiality; from other source we can not obtain the relevant information, either.

 

 

Public Record

 

Mortgage

No chattel mortgage record of subject has been found within the recent 3 months.

 

Lawsuit

Up to date of reporting, no existing or latent litigation of the subject has been found.

 

 

Interview Details

 

Name

Ms. Zhou

 


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.53.21

UK Pound

1

Rs.83.32

Euro

1

Rs.69.51

 

 

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

Capability to overcome financial difficulties seems comparatively below average.

 

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

----

NB

New Business

----

 

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%)

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.