MIRA INFORM REPORT

 

 

Report Date :

15.05.2012

 

IDENTIFICATION DETAILS

 

Name :

ROSEMARY FASHION LTD.

 

 

Registered Office :

5/F No. 3, Lane 137, Chang Chun Road, 104 Taipei

 

 

Country :

Taiwan

 

 

Date of Incorporation :

20.11.1992

 

 

Com. Reg. No.:

84100094

 

 

Legal Form :

Private Limited Company

 

 

Line of Business :

Daily administrative work

 

 

No. of Employees :

Not Available

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

No Complaints

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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:

Rosemary Fashion Ltd.

Supplied Name:

Fortunetex International Ltd.

Trading Address:

5/F No. 3, Lane 137, Chang Chun Road, 104 Taipei, Taiwan

Supplied Address:

C/O Rosemary Fashion Ltd., 5/F No. 3, Lane 137, Chang Chun Road, 104 taipei

Telephone Number:

+886-2-25233480

Notes: Subject’s exact name and address are as above and the supplied name belongs to the overseas company in subject’s group registered in British Virgin Islands

 

Company Identification Details

 

Registered Name:

Rosemary Fashion Ltd.

Registered Address:

5/F No. 3, Lane 137, Chang Chun Road, 104 Taipei, Taiwan

Date of Foundation:

1992-11-20

Registration Number:

84100094

Registry:

Taipei City Government

Registered Capital:

NTD 5,000,000 (USD 169,500)

(As of 2012.05, 1 NTD = 0.0339 USD)

Legal Representatives:

Ruirong He

Legal Form:

Private Limited Company

Principal Activities:

Daily administrative work

Staff:

N/A

Listed at Stock Exchange:

No

Date of Last Annual Return:

2006-2-23

Notes: Subject did not introduce the staff number; from other source we can not obtain the relevant information, either.

 

History

 

Subject was incorporated on 1992-11-20 with registered number 84100094 as Private Limited Company in Taiwan.

 

Shareholders

(Unit: NTD)

Name

Subscription Amount

Ruirong He

2,500,000         

 

 

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

 

Subsidiaries & Branches

 

Related Companies

1

Name:

High Source Textile Ltd Shanghai Branch

Tel

+86-21-62788777

Fax:

+86-21-62702059

2

Name

High Source Textile Ltd

Address

5FL, No.3, Lane 137, Changchun Rd., Taipei Taiwan R.O.C.

Tel :

+886-2-25233480

Fax:

22196921

Date of Foundation:

1986-9-26

3

Name:

FURTUNETEX INTERNATIONAL LTD.

Registered Place

British Virgin Islands

 

Personnel Information

 

Core Management

 

Director

Name

Ruirong He

Position

Director

 

Operation Information

 

Offices & Factories

 

 

Headquarters

Add

5/F No. 3, Lane 137, Chang Chun Road, 104 Taipei, Taiwan

 

Operation Information

 

Subject is engaged in daily administrative work and files handling service for its group and it does not take orders.

Subject’s group is engaged in development, design and marketing of fabric and its sales region mainly focus on Europe and America and the group is the supplier of GAP Inc, H&M, Calvin Klein, etc

 

l         The registered activities of subject:

--

Processing, Manufacture and sales of all kinds of fabric, accessories, bags, footwear, etc

--

Sales of all kinds of sports equipment, stationery, flowers, beverage, food groceries and hardware, etc

--

Import and export trading business of the above mentioned items

--

Bidding service and marketing of the relevant products for domestic and overseas market.

Import and export right:

Import right

Yes

Export right

Yes

 

Settlements

 

Since subject does not take orders itself, it did not introduce its settlement information, from other source we can not obtained the relevant information, either.

 

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

 

Bankers

 

Subject declined to disclose its bank details; 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

 

Position

Staff

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.71

UK Pound

1

Rs.86.34

Euro

1

Rs.69.22

 

 

INFORMATION DETAILS

 

Report Prepared by :

PRL

 

 

 

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.s

 

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.