MIRA INFORM
REPORT
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Report Date : |
07.11.2011 |
IDENTIFICATION DETAILS
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Name : |
FLAWLESS DIAMONDS CO., LTD. |
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Registered Office : |
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Country : |
Taiwan |
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Date of Incorporation : |
08.04.2010 |
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Com. Reg. No.: |
25118580 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Sales of ore |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 20,000 |
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Status : |
Moderate |
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Payment
Behaviour : |
No Complaints |
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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 – December 31, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Contact Points
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
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Registered Name: |
Flawless Diamonds Co., Ltd. |
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Registered
Address: |
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Date of
Foundation: |
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Registration
Number: |
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Registry: |
Taipei City Government |
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Registered
Capital: |
(As of 2011.04, 1 NTD = 0.0345
USD) |
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Legal
Representatives: |
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Legal Form: |
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Principal
Activities: |
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Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Notes: The subject declined to disclose its staff
number.
History
Subject was
incorporated on
Shareholders
|
Name |
Subscription
Amount |
|
400,000 |
Subsidiaries
& Branches
It was introduced that the subject had
branch offices in Japan, Australia, etc.
Personnel Information
Core Management
|
Name |
Hewei Mai |
|
Position |
Director |
Operation Information
Offices & Factories
|
|
Headquarters
|
|
Add |
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Production Information
l
Subject
is a wholesaler of ore without production.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details
|
|
F115010 |
Wholesale
of jewellery and noble metal |
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F115020 |
wholesale
of ore |
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F215010 |
Retail of jewellery
and noble metal |
|
F215020 |
Retail
of ore |
|
F401010 |
International
trade |
l
The
subject purchases ore from Belgium.
l
The
subject is mainly engaged in sales of ore.
l
Subject
sells ore only in Taiwan.
Import and export right:
|
Import
right |
Yes |
|
Export
right |
Yes |
Settlements
Purchase
Domestic
Purchase (Taiwan and Mainland, China)
Subject
doesn’t purchase from domestic markets.
Foreign
Purchase
|
Payment
Terms |
Proportion |
|
|
CBD,
etc |
100% |
Sales
Domestic
Markets (Taiwan)
|
Sales
Terms |
Proportion |
|
|
Ore |
CBD,
etc |
100% |
Export
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 Miss. Zhao declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Bankers
|
Name |
Taiwan
Bank |
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. Zhao |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.08 |
|
UK Pound |
1 |
Rs.78.65 |
|
Euro |
1 |
Rs.67.79 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.