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Report Date : |
18.09.2014 |
IDENTIFICATION DETAILS
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Name : |
FLAWLESS DIAMONDS CO., LTD. |
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Registered Office : |
9F.-2, No.267, Sec. 2, |
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Country : |
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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 : |
TRADING OF DIAMOND AND JEWELLERY |
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No. of Employees |
25118580 |
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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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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: |
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Supplied Name: |
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Trading Address: |
9F.-2, No.267, Sec. 2, Dunhua S. Rd., Da-An Dist., Taipei City 10675, Taiwan (R.O.C.) |
|
Supplied Address: |
9 FLOOR, NO2, NO.267, DUNHUA S. ROAD, SEC 2, DA-AN DIST, TAIPEI CITY 10675, TAIWAN (R.O.C) |
|
Telephone Number: |
+886-2-2738-5151 |
|
Fax Number: |
|
|
Email: |
Notes: The exact
name and address are as above.
|
FLAWLESS DIAMONDS CO., LTD. |
|
|
Registered Address: |
9F.-2, No.267, Sec. 2, Dunhua S. Rd., Da-An Dist., Taipei City 10675, Taiwan (R.O.C.) |
|
Date of Foundation: |
2010-04-08 |
|
Registration Number: |
25118580 |
|
Registry: |
Taipei City Government |
|
Registered Capital: |
NTD 500,000 (USD 16,550) (As of 2014.09, 1 NTD = 0.0331 USD) |
|
Legal Representatives: |
Hewei Mai |
|
Legal Form: |
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Principal Activities: |
|
|
Staff: |
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Listed at Stock Exchange: |
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Date of Last Annual Return: |
Subject was incorporated on 2010-4-8 with registered number 25118580 as Private Limited Liability Company in Taiwan.
Related Companies
|
1 |
|
|
Name: |
World Shiner Pty Ltd |
|
Address: |
Suite 4 Level 3, Dymocks Building, 428 George Street, Sydney 2000, Australia |
|
Tel: |
+612-9232-3557 |
|
Fax: |
+612-9232-3560 |
|
2 |
|
|
Name: |
World Shiner B.V.B.A |
|
Address: |
Hovenierstraat, 30, Bus No. 122 Room No. 127 Antwerpen 2018, Belgium |
|
Tel: |
+323-226-4807 |
|
3 |
|
|
Name: |
World Shiner Canada Inc. |
|
Address: |
Suite 504, 27 Queen Street East Toronto M5C 2M6, Ontario, Canada |
|
Tel: |
+1-416-368-5955 |
|
Fax: |
+1-416-368-5855 |
|
4 |
|
|
Name: |
Diamantra GmbH |
|
Address: |
Hirschstr. 29, Stuttgart D-70173, Germany |
|
Tel: |
+49-711-693-8242 |
|
Fax: |
+49-711-693-8244 |
|
5 |
|
|
Name: |
World Shiner Co., Ltd. |
|
Address: |
3-43-6 Taito, 501, Nakaokachimachi Flats, Taito -Ku Tokyo 110-0016, Japan |
|
Tel: |
+81-3-5807-1441 |
|
Fax: |
+81-3-5818-2031 |
|
6 |
|
|
Name: |
World Shiner S. L. |
|
Address: |
C/ Abada, 2 Piso 4 Despacho 8, Madrid 28013, Spain |
|
Tel: |
+34-91-522-1844 |
|
Fax: |
+34-91-523-7070 |
|
7 |
|
|
Name: |
World Shiner (U.K.) Ltd. |
|
Address: |
Suite 160, 1st Floor, Princess house, 50-60 East Castle Street, London W1W8EA, United Kingdom |
|
Tel: |
+44-20-7323-1144 |
|
Fax: |
+44-20-7323-1155 |
|
8 |
|
|
Name: |
Diamantra, Inc. |
|
Address: |
5 S. Wabash Avenue, Suite 1721 Chicago 60603, IL, USA |
|
Tel: |
+1-312-854-3900 |
|
Fax: |
+1-312-854-3999 |
Major Shareholder
|
Name |
Subscription Amount |
|
Hewei Mai |
|
|
400,000 |
|
|
1 |
|
|
Name |
Hewei Mai |
|
Position |
Director |
|
2 |
|
|
Name |
Qian Nan |
|
Position |
Manager |
|
Date of Appointment |
2010-04-01 |
|
|
Headquarters |
|
Add |
9F.-2, No.267, Sec. 2, Dunhua S. Rd., Da-An Dist., Taipei City 10675, Taiwan (R.O.C.) |
Production Information
Subject is a trader of diamond and jewellery, etc without any production activities.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
F115010 |
Wholesale of jewellery and precious metal |
|
F115020 |
Wholesale of ore |
|
F215010 |
Retail of jewellery and precious metal |
|
F215020 |
Retail of ore |
|
F401010 |
International trade business |
Subject purchases products mainly from abroad such as India, etc.
Subject is engaged in sale of diamond and jewellery, etc.
Subject’s sales region is mainly in Taiwan domestic market.
Subject’s major customers are jewellery manufacturers, retailers and designers, etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
Subject has little domestic purchase.
Foreign Purchase
|
Terms |
Proportion |
|
|
Diamonds, etc |
T/T, etc |
100% |
Sales
Domestic Markets
|
Terms |
Proportion |
|
|
Diamonds, etc |
T/T, Cash, etc |
100% |
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. Wang declined to disclose its financials citing the grounds of company’s confidentiality; from other source we cannot obtain the relevant information, either.
Subject declined
to disclose any information about bankers, and we can not obtain the
information from other source.
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. Wang |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.60.95 |
|
|
1 |
Rs.99.32 |
|
Euro |
1 |
Rs.78.96 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
NIS |
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.