MIRA
INFORM REPORT
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Report Date : |
14th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
JEASION
GARMENTS CO LTD |
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Registered Office : |
3fl-1, 130 Nanking East Rd Section 4
Chungshan Dist Taipei City 104, Taiwan |
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Country : |
Taiwan |
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Date of Incorporation : |
February 1, 1996 |
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Com. Reg. No.: |
96933803 |
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Legal Form : |
Private Company |
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Line of Business : |
Exporters of wide range of garments |
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 |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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Status : |
Moderate
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Payment Behaviour : |
Usually
Correct |
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Litigation : |
Clear |
NAME & ADDRESS
JEASION GARMENTS
CO LTD
3FL-1, 130 NANKING EAST RD SECTION 4 CHUNGSHAN DIST TAIPEI CITY 104, TAIWAN
TEL:886-2-25787098
FAX:886-2-25705576
EXECUTIVE SUMMARY
INCORPORATION DATE : FEBRUARY 1, 1996
REGISTRATION NO. : 96933803
LEGAL FORM : PRIVATE COMPANY
CHIEF EXECUTIVE : MS. NAN-NAN FU (CHAIRMAN)
STAFF STRENGTH : 25
CAPITAL : US$ 156,250
BUSINESS LINE : EXPORTER
TURNOVER : N/A (AS OF DEC. 31, 2004)
EQUITIES : N/A (AS OF DEC. 31, 2004)
PAYMENT : AVERAGE
RECOMM. CREDIT RANGE : USD 75,000
MARKET CONDITION : COMPETITIVE
FINANCIAL CONDITION : FAIRLY STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION : AVERAGE
EXCHANGE RATE : TWD 32.6045 = US$1 AS OF 2006-6-14
*Company History*
===============
2004 - Was considered one of the most important supplier for WAL-MART.
January 2005 - Expanded its operation through the establishment of its China office.
*Company Registration*
====================
License number : 96933803
Date issued : 1 February, 1996
Issuing authority : Ministry of Economic Affairs (MOEA)
*Office & Facilities*
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Size : 267 sq meters
Location : Taipei City
Property status : Rented
Building type : Commercial
Facilities : Modern
We were unable to find any reference of the supplied address (3Fl, 106 Nanking East Rd Section 4 Taipei)on any local. The above address as reflected on our report was confirmed to be its current registered/operating address.
*Factories, Size & Locations*
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The company located in Taiwan, is a trading house which out-sources all orders to its factory in Bangladesh. There are no production facilities directly owned by the company in Taiwan.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation within the respective industry failed to reveal any negative information.
Web site: www.jeasion.com.tw The design is professional and the content is well organized. At present it is in English version.
Email : melinda@jeasion.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name % of Shares
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Ms. Nan-nan Fu 99.00
COMPANY MANAGEMENT
Name Job Description Nationality
Ms. Nan-nan Fu Sales Manager Taiwan
*Key Personnel*
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(1) Ms. Nan-nan Fu
Founder : Co-Founder
Work experience : More than 10 years.
Resident status : Taiwan
Responsibilities : Handles the daily operation of the firm including all financial and legal matters.
(2) Ms. Melinda Mei-ling Tsai
Email : melinda@jeasion.com.tw
Founder : Co-Founder
Responsibility : Merchandising
(3) Ms. Anna Fu
Email : anna@jeasion.com.tw
Responsibility : Sales
*Main Products & Services*
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Specializes in exporting a wide range of garments.
Product also includes:
- Woven knit (top & pants)
- Knit - in all item and in all fabric
*Payment Terms*
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Sales
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Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : Cash
30-60 days credit
Import : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
*Competitors*
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The following locally based companies supply similar range of products :
- ACOTEX TAIWAN LTD
- BENFORD DEVELOPMENT LTD
- CHERCAS ENTERPRISE CO LTD
- CHRISTIAN DIOR TAIWAN LTD
- CHW SHIN TRADING CO
*Local Distribution Network*
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There is no record of local sales since the prime focus of the firm's activity is concentrated on exports only.
*Trading Names*
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Although the company is legally registered by the name listed above, it is commonly known as JEASION INT'L LTD under which it operates locally.
*Overseas Customers*
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Maintains the following overseas customers :
- WAL-MART STORES INC, USA - JC PENNEY PURCHASING CORP, USA
- VENATOR GROUP INC NY, USA - NIKE CORP
- OXFORD INDUSTRIES INC, USA - FAMILY DOLLAR SERVICE INC
- ASDA - PAUL DAVRIL
- DRESS BARN - PHILIP DIOAPRIO
- INTERNATIONAL FASHION GROUP - RUSSEL USA & EUROPE
- JCP - SQUEEZE JEANS
- KAREN KANE - TARGET
- KEEL WOOD CORP - TRAVIS AYER
- KIDS HEADQUARTERS - VENATOR GROUP
- LAND'N SEA INC - VF CORP
- MARTINC SIT BOX - WALMART
- MAY CO - LORD & TAYLOR GROUP - ZARA
- NAUTICA CHILDREN'S CO
*Export Markets*
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100% of the annual turnover is attributed to export.
(Subsidiaries , Joint-ventures & Affiliates)
Company Name : JEASION INT'L LTD - BANGLADESH BRANCH
Global Identifier : P0805523
Address : 1Fl House 142, Rd 1 Sugandha R/A Panchliash Dist Chittagong Bangladesh
Country : Bangladesh
Relationship : Subsidiary
Legal Form : Private Company
Company Type : Manufacturer
Industry : Garments & Accessories
Company Name : JEASION INT'L LTD - CHINA BRANCH
Global Identifier : P0805509
Address : 3Fl Xijing Bldg - Block A, 1 Tairan 9th Rd Chegongmiao Futian Dist Shenzhen Guangdong China
Country : China
Relationship : Subsidiary
Legal Form : Private Company
Company Type : Manufacturer
Industry : Garments & Accessories
Company Name : JEASION INT'L LTD - INDIA BRANCH
Global Identifier : P0805514
Address : Maha Palace Bldg Near JMHS School Kangayam Rd Tiruppur 641601 Tamil Nadu India
Country : India
Relationship : Subsidiary
Legal Form : Private Company
Company Type : Manufacturer
Industry : Garments & Accessories
Company Name : JEASION INT'L LTD - NEPAL BRANCH
Global Identifier : P0805519
Address : Ground Fl Situ Plaza Narayan Chour Naxal Kathmandu Nepal
Country : Nepal
Relationship : Subsidiary
Legal Form : Private Company
Company Type : Manufacturer
Industry : Garments & Accessories
Company Name : JEASION INT'L LTD - NEW YORK BRANCH
Global Identifier : P0805495
Address : 10Fl Empire State Bldg 350, 5th Ave New York 10118 New York USA
Country : USA
Relationship : Subsidiary
Legal Form : Private Company
Company Type : Trader
Industry : Garments & Accessories
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains a production facility in Lesotho, Kenya and Uganada.
Machinery : Basic Machine - 283
Auxiliary Machine - 269
Capacity : Trouser - 20,000 Dz./Month
Children Wear - 15,000 Dz./Month
Factory Area : Production Process - 85,000 sft.
General Administration - 2,500 sft.
Sample Room - 2,000 sft.
Employment size : Production Process - 700
Quality Control - 60
Product Engineering - 15
*OVERSEAS AGENTS AND DISTRIBUTORS*
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Agent : WAL-MART STORES INC
Global Identifier : P0055323
Country of Origin : USA
Agent : VENATOR GROUP INC NY
Global Identifier : P0068885
Country of Origin : USA
Agent : OXFORD INDUSTRIES INC
Global Identifier : P0001108
Country of Origin : USA
Agent : JC PENNEY PURCHASING CORP
Global Identifier : P0106024
Country of Origin : USA
PAYMENT RATING :3 OBTAINED SCORES :
60
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Rating Key |
Implication |
Implications |
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1 |
Scores 85–100 |
Excellent |
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2 |
Scores 75 – 84 |
Above Average |
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3 |
Scores 50 – 74 |
Average |
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4 |
Scores 35 – 49 |
Fair |
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5 |
Scores 15 – 34 |
Below Average |
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6 |
Scores 01 – 14 |
Poor |
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NR |
No Data |
No Data |
The rating indicates the payment pattern of SC based upon our Payment Database, comments from suppliers of SC, information from banks (if available), as well as industrial sources.
Dealings on open terms may be possible for SMALL amounts depending on individual judgement experience.
Bank: BANK OF AMERICA NT & SA
Bank: TAISHIN INT'L BANK
*Bank Details*
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Bank Name : BANK OF AMERICA
Branch : Taipei Branch
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2002 $50,000.00 $200,000.00 $250,000.00
Over the past 10 years, SC has made a stable growth with satisfactory profit. We consider a credit line up to USD75,000 appears acceptable.
Attached: trade references
SIC
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 2253 Knit outerwear
Exporting 2257 Circular knit fabrics
Exporting 2258 Warp knit fabrics
Exporting 2311 Men's and boys' suits and coats, except raincoats
Exporting 2321 Men's and boys' shirts
Exporting 2322 Men's and boys' underwear and nightwear
Exporting 2326 Work clothing, male
Exporting 2329 Men's and boys' clothing, nspf
Exporting 2331 Women's and misses' blouses and shirts
Exporting 2335 Women's and misses' dresses
HARMONIZED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service
Description
Exporting 4203100090 Articles of apparel
Exporting 6100 Articles of apparel & clothing accessories-knitted or crocheted
Exporting 6106 Women's or girls' blouses & shirts, knit or crocheted
Exporting 6106900000 Women's or girls' blouses and shirts of other textile materials,
knitted or crocheted
Exporting 6107290000 Men's or boys' nightshirts and pajamas of other textile materials,
knitted or crocheted
Exporting 6107910030 Men's or boys' sleepwear and similar articles, knitted or crocheted:
of cotton
Exporting 6108390000 Women's or girls' nightdresses and pajamas of other textile
materials, knitted or crocheted
Exporting 6109 T-shirts, singlets, tank tops etc, knit or crocheted
Exporting 6110 Sweaters, pullovers, vests etc, knit or crocheted
Exporting 6110900092 Men's or boy's pullovers, sweatshirts & other similiar articles of
other textile materials knitted or crocheted
DETAILED
PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporting Casual bottoms
Exporting Casual pants
Exporting Children's garments
Exporting Denim bottoms
Exporting Down garments
Exporting Fleece sweatshirts
Exporting Functional seam tape wear
Exporting Functional shirts
Exporting Home textiles
Exporting Innerwear
INTERNATIONAL
TRADE : ACTIVITY & MARKETS
Exporting to Canada
Exporting to Europe
Exporting to Mexico
Exporting to North America
Exporting to Oceania
Exporting to South America
Exporting to USA
Importing from Asia
Importing from Bangladesh
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |