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Report Date : |
18.10.2014 |
IDENTIFICATION DETAILS
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Name : |
DIA MONDS IMPEX CO., LTD. |
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Registered Office : |
11F., No.1-1, Nanjing W. Rd., Zhongshan Dist., Taipei City 10444, Taiwan (R.O.C.) |
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Country : |
Taiwan |
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Date of Incorporation : |
12.11.2009 |
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Com. Reg. No.: |
24479158 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Trading of daily supplies. |
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No. of Employees : |
5 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
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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 – June 1, 2014
|
Country Name |
Previous Rating (31.03.2014) |
Current Rating (01.06.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
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.
Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are
other major long-term challenges. Free trade agreements have proliferated in
East Asia over the past several years, and following the landmark Economic
Cooperation Framework Agreement (ECFA) signed with China in June 2010, Taiwan
in July 2013 signed a free trade deal with New Zealand—Taipei’s first-ever with
a country with which it does not maintain diplomatic relations—and in November
inked a trade pact with Singapore. Negotiations continue on follow-on
components of ECFA regarding trade in goods and a dispute resolution mechanism;
a trade in services agreement is under review in the legislature. 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 overall trade surplus largely
because of its surplus with China, and its foreign reserves are the world's
sixth largest, behind China, Japan, Saudi Arabia, Russia, and Switzerland. 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. Taiwan since 2009 has gradually loosened rules governing
Chinese investment on the island, and has also secured greater market access
for its investors in the mainland. 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: |
|
|
Supplied Name: |
|
|
Trading Address: |
11F., No.1-1, Nanjing W. Rd., Zhongshan
Dist., Taipei City 10444, Taiwan (R.O.C.) |
|
Supplied Address: |
11F, NO. 1-1, NANJING WEST ROAD,ZHONGSHAN
DIST. TAPEI CITY 10444 |
|
Telephone Number: |
+886-2-2700-6860 |
Notes: The exact
name and address are as above.
|
Registered Name: |
Dia Monds Impex Co., Ltd. |
|
Registered Address: |
11F., No.1-1, Nanjing W. Rd., Zhongshan Dist., Taipei City 10444,
Taiwan (R.O.C.) |
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Date of Foundation: |
2009-11-12 |
|
Registration Number: |
24479158 |
|
Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2014.09, 1 NTD = 0.0340 USD) |
|
Legal Representatives: |
Lun Xi |
|
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 2009-11-12 with registered number 24479158 as Private Limited Liability Company in Taiwan.
Change
of Name
|
Former Chinese
Name: |
天瑆國際有限公司 |
|
Current Chinese
Name: |
帝亞蒙斯有限公司 |
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Former English Name: |
Globe Star Impex Co., Ltd. |
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Current English Name: |
Dia Monds Impex Co., Ltd. |
Subject
did not introduce whether it has any subsidiaries or branches; from other
source we could not obtain the relevant information, either.
Major Shareholders
|
Name |
Subscription Amount |
|
Lun Xi |
500,000 |
Core Management
|
Name |
Lun Xi |
|
Position |
Director &
Manager |
|
Appointment Date
of Manager |
2009-11-6 |
|
|
Headquarters |
|
Add |
11F., No.1-1, Nanjing W. Rd., Zhongshan Dist., Taipei City 10444,
Taiwan (R.O.C.) |
Production Information
l
Subject is a trader of daily supplies,
etc without any production activities.
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F115010 |
Wholesale of jewellery and precious metals |
|
F115020 |
Wholesale of ore |
|
F215010 |
Retail of jewellery and precious metals |
|
F215020 |
Retail of ore |
|
F401010 |
International trade business |
l
Subject purchases products from both
home and abroad, etc.
l Subject
is engaged in sale of daily supplies, etc.
l
The major products include shampoo,
soft gels and hair gels and so on.
l
Subject’s sales regions include
domestic market and other Asian countries.
l
Subject’s major customers are retailers
and individuals, etc.
Import
and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
1.
Domestic Purchase
|
Products |
Daily
supplies, etc |
|
Payment Terms |
T/T, Cash, etc. |
2.
Import
|
Products |
Daily
supplies, etc |
|
Payment Terms |
T/T, etc. |
1.
Domestic Markets
|
Product |
Daily
supplies, etc |
|
Selling Terms |
T/T, Cash, etc. |
2.
Export
|
Product |
Daily
supplies, etc |
|
Selling Terms |
T/T, etc. |
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 declined to disclose its financials citing the
grounds of company’s confidentiality; from other sources we could not obtain
such information, either.
Subject
declined to disclose its bank details; from other source we could not 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.
Interview Details
|
Department |
Sales Department |
Note: Subject’s relevant
staff declined to disclose his name.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.61 |
|
|
1 |
Rs.99.11 |
|
Euro |
1 |
Rs.78.89 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
Report Prepared
by : |
PDT |
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.