|
Report No. : |
302768 |
|
Report Date : |
17.01.2015 |
IDENTIFICATION DETAILS
|
Name : |
MIRACLE JEWELLERY SHOP |
|
|
|
|
Registered Office : |
5F., No.183, Sec.
4, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
10.03.2005 |
|
|
|
|
Com. Reg. No.: |
21505879 |
|
|
|
|
Legal Form : |
Proprietorship |
|
|
|
|
LINE OF BUSINESS : |
TRADING OF JEWELRY PRODUCTS INCLUDE GOLDEN JEWELRY, DIAMOND JEWELRY, DIAMONDS,
GEMS, JEWELRY WITH GEMS AND SO ON. |
|
|
|
|
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 : |
Unknown |
|
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 – September 30, 2014
|
Country Name |
Previous Rating (30.06.2014) |
Current Rating (30.09.2014) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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 |
|
Company Name: |
|
|
Supplied Name: |
|
|
Trading Address: |
4F, No. 23, Lane 24, ,Guangfu
South Road, Da'an District, Taipei 10693, Taiwan |
|
Supplied Address: |
4 TH FLOOR, NO-23 LANE -240 , GAUNG FU SOUTH ROAD, TAAN DISTRICT
TAIPEI-10694, TAIWAN-ROC |
|
Telephone Number: |
+886-2-2778-0910 |
|
Fax Number: |
Notes: The exact name and address are as above.
|
Registered Name: |
Miracle Jewellery Shop |
|
Registered
Address: |
5F., No.183, Sec.
4, Zhongxiao E. Rd., Da-An
Dist., Taipei City 10690, Taiwan |
|
Date of
Foundation: |
2005-3-10 |
|
Business
Registration No.: |
21505879 |
|
Registry: |
Taipei City Office
of Commerce |
|
Registered
Capital: |
(As of 2015.01, 1
NTD = 0.031USD) |
|
Legal
Representatives: |
Zhongwei Lin |
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Notes: Subject declined to disclose its staff number; from other source we cannot obtain the relevant information, either.
Subject was incorporated on 2005-3-10 with registered number 21505879 as Proprietorship in Taiwan.
Shop
|
Address |
No.70, Zhongzheng Rd., Zhongli City, Taoyuan County, Taiwan (R.O.C.) |
|
Tel |
+886-3-4225577 |
|
Fax |
+886-3-4272476 |
|
Name |
Zhongwei Lin |
|
Position |
Owner |
Offices & Factories
|
|
Headquarters |
|
Add |
4F, No. 23, Lane 24, ,Guangfu South Road, Da'an District, Taipei 10693, Taiwan |
Production Information
Subject is a trader of jewelry and etc without any production activities
Subject has cooperative factories in Taiwan for production.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
F215010 |
Retails of jewelry and precious metal. |
|
CG01010 |
Manufacturing of jewelry and precious metal. |
|
F399040 |
Retails without stores. |
|
F401010 |
International trading business. |
It is introduced that subject purchases its products both at home and abroad.
It is introduced that subject imports some diamonds from India.
Subject is engaged in sale of jewelry and etc
The major products include golden jewelry, diamond jewelry, diamonds, gems, jewelry with gems and so on.
Subject’s sales regions are mainly in Taiwan domestic market.
Subject’s major customers are direct customers and etc.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Products |
Jewelry and etc |
|
Payment Terms |
Cash, T/T and etc |
Import
|
Products |
Jewelry and etc |
|
Payment Terms |
T/T and etc |
Sales
Domestic Markets
|
Product |
Jewelry and etc |
|
Selling Terms |
Cash, T/T and etc |
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
Mr. Lin 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
|
Name |
Mr. Lin |
|
Department |
Sales Department |
|
E-mail |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.61.89 |
|
|
1 |
Rs.93.92 |
|
Euro |
1 |
Rs.72.01 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
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.