MIRA
INFORM REPORT
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Report Date : |
06.08.2007 |
IDENTIFICATION
DETAILS
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Name : |
VANGUARD INT'L INC |
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Registered Office : |
11FL Universal |
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Country : |
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Financials (as on) : |
31.12.2006 |
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Date of Incorporation : |
October 21, 1970 |
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Com. Reg. No.: |
19110111 |
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Legal Form : |
Private |
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Line of Business : |
Importing high fashion bags and accessories. Outsourcing different kinds of bags and briefcases to local
manufacturers. Sales and distribution to local and international market. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Up To USD 80,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
VANGUARD INT'L INC
11FL UNIVERSAL
SECTION 3
TEL : 886-2-27123958
FAX : 886-2-27127550
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 21, 1970
REGISTRATION NO. :
19110111
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. ROBERT KO-YI YANG (CHAIRMAN)
STAFF STRENGTH :
8
CAPITAL :
US$ 903,323
BUSINESS LINE :
TRADER
TURNOVER :
US$2,055,622.73 (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.90720 = US$1 AS OF 2007-8-6
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –
*Company Registration*
===================
License number : 19110111
Date issued : 21 October,
1970
Issuing authority : Ministry of
Economic Affairs
*Office & Facilities*
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Size : 200
sq meters (Approx.)
Location : Center
Business District (CBD)
Property status : Rented
Type of building :
Semi-residential building
Other tel nos : 2-87127300
/ 27196467 / 27127551
Previous address : 7Fl,
*Factories, Size & Locations*
=======================
The company is a trading house focused on importation of overseas
products, and maintains no
manufacturing facilities.
However the firm does maintain excellent relations with a number of
local factories to whom products are out-sourced.
*Corporate & Organization Structure*
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A small-sized company mainly operated and managed by the owner of the
firm.
*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.vanguard-international.com
the design is professional and the content is well organized. At present it is
in English version.
E-mail: vangu@ms15.hinet.net
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name No. of Shares
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Mr. Francis Hung-yi Yang 14,650,000
Mr. Robert Ko-yi Yang 14,650,000
Ms. Shan-erh Sun 300,000
Management: Ms. Shu-hua Peng,
Executive
Mr. Robert Ko-yi Yang, Manager
Mr. Francis Hung-yi Yang, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Shu-hua Peng Taiwanese
Executive Sales
Mr. Robert Ko-yi Yang Taiwanese
Manager Sales
Mr. Francis Hung-yi Yang Taiwanese
General Manager -
*Key Personnel*
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(1)
Mr. Robert Ko-yi Yang
Founder :
Co-founder
Work experience : More than 30 years.
Responsibilities : Daily
operation of the firm including all financial and legal matters.
Resident status :
(2)
Mr. Francis Hung-yi Yang
Email :
francis@vanguard-international.com.tw
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing high fashion bags and accessories.
2. Outsourcing different kinds of bags and briefcases to local
manufacturers.
3. Sales and distribution to local and international market.
Carries the brand CERRENTANI.
Products: Accessories
Backpacks
Bags
Briefcases
Fashion
accessories
*Payment Terms*
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Sales
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Local : 30-60 days credit.
Export : Letter of Credit (L/C)
Telegraphic Transfer (T/T)
Purchases
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Local : 30-60 days credit.
Import : Letter of Credit (L/C)
Open account /DA
terms with settlement using Telegraphic Transfer (T/T)
*Associations*
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Member of :
-
*Competitors*
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There exist thousands of similar type of companies in
- EULIA ENTERPRISE CO LTD
- BENBO BEAR ENTERPRISE CO LTD
- FLANICE INT'L CO LTD
- INCO INDUSTRIAL CORP
*Domestic Customers*
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Major local customers include:
- Local retail stores
- Shopping malls
- Department stores
*Local Distribution Network*
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Approximately 10% of the annual turnover is attributed to local
sales.
*Export Markets*
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Approximately 90% of the annual turnover is attributed to export.
*Overseas Customers*
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Major overseas customers include:
Country
Company Name
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USA
GAP INC, THE
USA
CALVIN KLEIN INC
USA
LIZ CLAIBORNE INC
USA
ESPRIT DISTRIBUTION LTD
USA
SEARS ROEBUCK & CO
- TALBOTS
ACCESSORIES
*IMPORTER AGENCY LISTING*
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Supplier : BURBERRY LTD
Country of Origin :
Product Description : Bags
Brand : Calvin Klein
Year : 2000
Supplier : FURLA (
Country of Origin :
Product Description : Bags
Brand : Furla
Year : 2000
Supplier : TALBOTS INC, THE
Country of Origin :
Product Description : Bags
Brand : Talbots
Year : 2001
Supplier : CALVIN KLEIN INC
Country of Origin :
Product Description : Briefcases
Brand : Calvin Klein
Year : 2001
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : VANGUARD TRAVELLER'S BAG INC
Address : 11Fl
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Leather Goods, Tanned & Imitation
PAYMENT RATING : 3
OBTAINED SCORES : 54
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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.
As a private limited company with a paid-up capital of less than USD 6
million, there is no legal requirement according to
Although financial summaries were obtained for reference.
*Bank Details*
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Bank : FIRST COMMERCIAL
BANK CO LTD
Account : 103-40-000614
Branch : Chunghsiao
Swift code : FCBKTWTP
*Financial Summary (Currency:
==============================
Year Sales Assets Net Income
2006 $2,055,622.73 $104,897.22 $154,171.70
*Int´l Trade Activity (Currency:
=============================
Year Imports Exports Total
2004 $31,000.00 $169,000.00 $200,000.00
2005 $45,000.00 $257,000.00 $302,000.00
2006 $49,000.00 $332,000.00 $381,000.00
SC is considered an old-established business with stable development
trend. It is considered a credit line up to USD 80,000 appears to be within
SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service
Description
Trading 2674 Bags;
uncoated paper and multiwall
Trading 3171 Women's
handbags and purses
Trading 3172 Personal
goods, of leather, except handbags and purses
Trading 3199 Leather
goods,
Trading 3999 Manufactured
articles,
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 5607490000 Twine, cord, rope & cable, whet/nt plait/braid &
whet/nt impreg, coat, cov/sheat
w/rub/plast:
of polyethylene or polypropylene
Exporting 5903101000 Textile fabrics, impregnated, coated, covered or laminated with
plastics or
polyvinyl
chloride: of cotton
Exporting 8308903000 Beads and spangles of base metal
Trading 4200 Articles
of leather, saddlery & harness, travel goods, handbags, articles of gut
Trading 4202 Travel
goods, handbags, wallets, jewelry cases etc
Trading 4202128040 Attached
cases, brief cases, school satchels occupational luggage cases and
similar
containers,
Trading 4202220000 Handbags,
whether or not with shoulder strap, including those w/o handles, with
outer
surface of plastic sheeting or of textile materials
Trading 4202292000 Handbags,
of materials wholly or mainly covered with paper, of wood
Trading 4202923020 Backpacks,
of man-made fiber
Trading 9600 Miscellaneous
manufactured articles
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Trader Handbags
Trader Wallets
Trader Backpacks
Trader Briefcases
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Importing from
Importing from
Importing from
Importing from
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 |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)