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Report Date : |
05.08.2013 |
IDENTIFICATION DETAILS
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Name : |
JOGANI DIAM LIMITED TAIWAN BRANCH (HONG KONG) |
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Registered Office : |
4F.-1, No.201, Sec. 2, Heping E. Rd., Da-An Dist., Taipei City 10664 |
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Country : |
Taiwan |
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Date of Incorporation : |
08.06.2005 |
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Com. Reg. No.: |
27257123 |
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Legal Form : |
Branch of Jogani Diam Limited Registered in Hong Kong |
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Line of Business : |
Trading of gems and etc. |
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No. of Employees : |
About 5 |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but correct |
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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 – March 31st, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
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 |
TAIWAN - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually decreasing
government guidance of investment and foreign trade. Exports, led by
electronics, machinery, and petrochemicals have provided the primary impetus
for economic development. This heavy dependence on exports exposes the economy
to fluctuations in world demand. In 2009, Taiwan's GDP contracted 1.8%, due
primarily to a 13.1% year-on-year decline in exports. In 2010 GDP grew 10.7%,
as exports returned to the level of previous years, and in 2011, grew 4.0%. In
2012, however, growth fell to 1.3%, because of softening global demand.
Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are
major long-term challenges. Free trade agreements have proliferated in East
Asia over the past several years, but except for the landmark Economic Cooperation
Framework Agreement (ECFA) signed with China in June 2010, so far Taiwan has
been excluded from this greater economic integration in part because of its
diplomatic status. Negotiations continue on such follow-on components of ECFA
regarding trade in goods and services. The MA administration has said that the
ECFA will serve as a stepping stone toward trade pacts with other key trade
partners, which Taiwan subsequently launched with Singapore and New Zealand.
Taiwan's Total Fertility rate of just over one child per woman is among the
lowest in the world, raising the prospect of future labor shortages, falling
domestic demand, and declining tax revenues. Taiwan's population is aging
quickly, with the number of people over 65 accounting for 11.2% of the island's
total population as of 2012. The island runs a large trade surplus largely
because of its surplus with China, and its foreign reserves are the world's
fifth largest, behind China, Japan, Saudi Arabia, and Russia. In 2006 China
overtook the US to become Taiwan's second-largest source of imports after
Japan. China is also the island's number one destination for foreign direct
investment. Three financial memorandums of understanding, covering banking,
securities, and insurance, took effect in mid-January 2010, opening the island
to greater investments from the mainland's financial firms and institutional
investors, and providing new opportunities for Taiwan financial firms to
operate in China. In August 2012, Taiwan Central Bank signed a memorandum of
understanding on cross-Strait currency settlement with its Chinese counterpart.
The MOU allows for the direct settlement of Chinese RMB and the New Taiwan
dollar across the Strait, which could help develop Taiwan into a local RMB hub.
Closer economic links with the mainland bring greater opportunities for the
Taiwan economy, but also poses new challenges as the island becomes more
economically dependent on China while political differences remain unresolved.
Source
: CIA
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Company Name: |
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Supplied Name: |
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Trading Address: |
4F.-1, No.201, Sec. 2, Heping E. Rd., Da-An
Dist., Taipei City 10664, Taiwan (R.O.C.) |
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Supplied Address: |
Taiwan Branch (HK) 4F-1, Bldg No 201 HEping
E Road Sec-2 Da-An District Taipei City 106 |
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Telephone Number: |
+886-2-2707-0851 |
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Fax Number: |
Notes: The exact name and address are as above.
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Credit Opinion: |
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Registered Name: |
Jogani Diam Limited Taiwan Branch (Hong Kong) |
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Registered Address: |
4F.-1, No.201, Sec. 2, Heping E. Rd., Da-An Dist., Taipei City 10664,
Taiwan (R.O.C.) |
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Date of Foundation: |
2005-6-8 |
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Registration Number: |
27257123 |
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Registry: |
Department of Commerce, Ministry of Economic Affairs, R.O.C. |
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Litigation and Non-litigation Agent's Name: |
Jogani, Kevin Naresh |
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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: |
Subject was incorporated on 2005-6-8 with registered
number 27257123 as a Branch of Jogani Diam Limited
Registered in Hong Kong in Taiwan.
Change of Name
|
Former Name |
Jewel Creation
Limited Taiwan Branch (Hong Kong) |
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Current Name |
Jogani Diam Limited Taiwan Branch (Hong Kong) |
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Name |
Jogani Diam Limited |
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Place of Origin |
Hong Kong |
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% of investment |
100% |
Parent Company
|
Name |
|
|
Place of Origin |
Hong Kong |
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% of investment |
100% |
Core
Management
|
Name |
Jogani, Kevin Naresh |
|
Position |
Litigation and Non-litigation Agent |
Personnel
Structure
|
Total Employees |
About 5 Emplyess |
Offices
& Factories
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|
Headquarters |
|
Add |
4F.-1, No.201, Sec. 2, Heping E. Rd., Da-An Dist., Taipei City 10664,
Taiwan (R.O.C.) |
Production
Information
l
Subject is a trader of gems and etc without any
production activities
l
It is introduced that subject has a related factory
in India to supply diamonds for subject.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International Trading Business. |
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F115010 |
Wholesales of jewelry and precious metal. |
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F215010 |
Retails of jewelry and precious metal. |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
It is introduced that subject purchases its products
from India, America, Israel and etc.
l
The subject is mainly engaged in sales of gems and
etc.
l
It is introduced that subject’s major products are
diamonds and etc.
l
It is introduced that subject’s selling territory
is mainly in domestic market.
l
It is introduced that subject’s major customers are
manufacturers of jewelry and etc.
l
It is introduced that subject’s products are
applied to necklace, ring, watch and etc.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Domestic Purchase
The subject has little purchases in domestic
market.
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Gems and etc |
CBD and etc |
100% |
Sales
Domestic Markets
(Taiwan)
|
Sales Terms |
Proportion |
|
|
Gems and etc |
CBD and etc |
100% |
Export
The subject has little export.
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. Lin declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Subject declined
to disclose its bank details; from other source we cannot obtain the relevant
information, either.
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.
|
Name |
Ms. Lin |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.80 |
|
|
1 |
Rs.91.95 |
|
Euro |
1 |
Rs.80.36 |
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 |
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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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
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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-- |
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.