MIRA
INFORM REPORT
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Report Date : |
20.06.2007 |
IDENTIFICATION DETAILS
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Name : |
LIN.E CO |
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Registered Office : |
2FL, 1-2, Lane 20, |
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Country : |
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Date of Incorporation : |
September 15, 2004 |
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Com. Reg. No.: |
27361857 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Imports of ladies' wear, garments and purses. Domestic sales of imported clothes.
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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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Maximum Credit Limit : |
Up To USD 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
name & address
LIN.E
CO
2FL, 1-2, LANE 20,
SECTION 2
TEL :
886-2-25112988
FAX :
886-2-25111918
EXECUTIVE SUMMARY
INCORPORATION DATE :
SEPTEMBER 15, 2004
REGISTRATION NO. :
27361857
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MS. FENG-LING CHAN (CHAIRMAN)
STAFF STRENGTH :
7
CAPITAL :
US$ 301,114
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM.
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
FAIRLY STABLE
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.10000 = US$1 AS OF 2007-6-20
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*
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License number : 27361857
Date issued : 15
September, 2004
Issuing authority : Ministry of
Economic Affairs (MOEA)
*Office & Facilities*
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Size : 62 sq
meters (Approx)
Location : Centra
Business District (CBD)
Property status : Rented
Type of building : Commercial
building
Other tel no. : 2-28200195
Previous address : 8Fl,
*Factories, Size & Locations*
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The company is a trading house focused on importation of overseas products,
and maintains no manufacturing facilities.
*Corporate & Organization Structure*
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A small specialized company operated and managed by an experienced team
of professionals.
*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.
E-mail: line.co@msa.hinet.net
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. Feng-ling Chan 99.00
Undisclosed Shareholders
1.00
Management: Ms. Chun-yi Lin, Executive
Ms. Hui-chen
Lin, Manager
Ms. Feng-ling
Chan, General Manager
Name Nationality Job Description
Ms. Chun-yi Lin Taiwanese
Sales Executive
Ms. Hui-chen Lin Taiwanese
Sales Manager
3 Ms. Feng-ling Chan Taiwanese General Manager
*Key Personnel*
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Mr. Feng-ling Chan
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 the following areas of work :
1. Imports of ladies' wear, garments and purses.
2. Domestic sales of imported clothes.
Products: Clothing
Garments
Handbags
Shoes
Textile goods
*Payment Terms*
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Sales
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Local : 30 - 90 days credit
Cash
Purchase
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Local : 30 - 90 days credit
Import : Letter of Credit (L/C)
Document against
Acceptance (D/A)
Telegraphic Transfer
(T/T)
*Competitors*
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There exist thousands of similar types of companies in
- 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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100% of the annual turnover is attributed to local sales to
retailers.
*Export Markets*
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There is no record of export since the prime focus of the firm's
activity is concentrated on local sales only.
*(Subsidiaries , Joint-ventures & Affiliates)
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Company Name : JAMEI CHEN FASHION CO LTD
Address : 1Fl, 23, Lane 219,
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Garments & Accessories
*IMPORTER AGENCY LISTING*
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Supplier : VANESSA BRUNO
Country of Origin :
Product Description : Ladies' clothes
Brand : Vanessabruno
Year : 2006
PAYMENT RATING : 4 OBTAINED SCORES : 49
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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 USD6
million, there is no legal requirement according to local corporate law for
public disclosure of detailed financials.
*Int´l Trade Activity (Currency:
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Year Imports Exports Total
2005 $600,000.00 n/a $600,000.00
2006 $990,000.00 n/a $990,000.00
SC is considered small-sized in its line with a short history. It is
considered a credit line up to USD 10,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2339 Women's
and misses' outerwear,
Importing 2389 Apparel
and accessories,
Importing 2393 Textile
bags
Importing 3144 Women's
footwear, footwear made on a basis or platform of wood, not having an inner
sole or a protective metal toe cap
Importing 3149 Footwear,
Importing 3171 Women's
handbags and purses
Importing 5137 Female/Child Clothing
Importing 5139 Footwear
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 4202210000 Handbags,
whether or not with shoulder strap, including those w/o handles, w outer
surface of leather, composition leather, or patent leather
Importing 4202221500 Handbags,
with outer surface of plastic sheeting
Importing 4203100090 Articles
of apparel
Importing 5911 Textile
products etc. for specific tech uses
Importing 6109100070 Women's
or girls' other cotton t-shirts, tank tops, singlets, and similar garments,
knitted or crocheted, except underwear
Importing 6114 Garments,
knitted or crocheted
Importing 621050 Women's
wear
Importing 6217 Made-up
clothing access, garment etc parts
Importing 6400 Footwear,
gaiters, & the like
Importing 6405 Footwear
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importing Umbrella
Importing Women's wear
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
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%)