MIRA
INFORM REPORT
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Report Date : |
29.08.2007 |
IDENTIFICATION DETAILS
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Name : |
J & C GARMENT CO LTD |
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Registered Office : |
11FL-4, |
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Country : |
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Date of Incorporation : |
October 22, 2004 |
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Com. Reg. No.: |
27525211 |
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Legal Form : |
Private |
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Line of Business : |
Supplying wide range of women's wear and garments. |
RATING & COMMENTS
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MIRAs 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. |
Small |
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Maximum Credit Limit : |
USD 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name &
address
J & C GARMENT CO LTD
11FL-4,
TEL : [+886] 2-27527522
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
OCTOBER 22, 2004
REGISTRATION NO. :
27525211
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. CHAO-JUNG CHEN (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 151,057
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND :
FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.9690 = US$1 AS OF
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M million
TWD
*Office & Facilities*
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Size
: 45 sq meters (Approx)
Location
: Central Business District (CBD)
Property status :
Rented
Type of building :
Commercial building
*Corporate & Organization Structure*
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A small-sized company operated and managed by the owner and
family members.
*Reputation*
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Reference checking for the purpose of establishing the
firm's reputation within the respective industry failed to reveal any negative
information.
SC is not known to host website of its own at present.
Email : m116688@ms.15.hinet.net
For the past 3 years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name % of Shares
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Ms. Chao-jung Chen 99.00
Undisclosed Shareholders 1.00
Management : Ms. Chao-jung Chen, General Manager
Name
Nationality Job Description
Ms. Chao-jung Chen
Taiwanese General Manager
*Key Personnel*
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Ms. Chao-jung Chen
Founder
: Sole founder
Work experience :
More than 3 years.
Responsibilities :
Handles the daily operation of the firm including all financial and legal
matters.
Resident status :
*Main Products & Services*
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Specializes in supplying wide range of women's wear and
garments.
All products are sourced and manufactured in
Products : Clothing
Garments
Women's outerwear
Women's wear
*Payment Terms*
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Sales
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Local : Cash
30-90
days credit
Purchases
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Local : 30-90 days
credit
*Competitors*
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The following locally based firms supply similar range of
products:
- MEIS TECHA CO LTD
- WAGNER TEXTILE INT'L CO LTD
- NEW LEGION TRADING CO LTD
- YAO-SHIN LEATHER CO LTD
- SHALOM INT'L CO LTD
*Local Distribution Network*
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Part of the annual turnover is attributed to local
sales.
*International Trade Activity*
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There is no international trade activities recorded for this
firm because all shipments to international customers are executed and managed
via
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : FULIDA CLOTHING CO LTD
Country :
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Garments & Accessories
PAYMENT RATING : 3 OBTAINED SCORES : 50
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Implication |
Implications |
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1 |
Scores 85100 |
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 USD6 million, there is no legal requirement according to local corporate
law for public disclosure of detailed financials.
Additionally, because the firm is focusing on transship
orders from
*Bank Details*
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Bank name : HUA NAN
COMMERCIAL BANK LTD
Branch :
Swift code :
HNBKTWTP
SC is considered small-sized in its line with an operating history of 3
years. Credit dealings with SC in small amount can be considered.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 2253 Knit outerwear
Trading 2300 Apparel/Other Textile Products
Trading 5137 Female/Child Clothing
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Trading 6104 Women's or girls' suits, ensemb etc, knit or
crocheted
Trading 6114 Garments, knitted or crocheted
Trading 621050 Women's wear
Trading 6217 Made-up clothing access, garment etc parts
Trading 6300 Made-up textile articles; needlecraft sets; worn
clothing; rags
Trading 6309 Worn clothing and other worn textile articles
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. |
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 SCs 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%)