MIRA
INFORM REPORT
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Report Date : |
25.06.2007 |
IDENTIFICATION DETAILS
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Name : |
YS ITHACA ENTERPRISE CO LTD |
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Registered Office : |
1FL, |
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Country : |
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Date of Incorporation : |
August 31, 2005 |
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Com. Reg. No.: |
27882701 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading of leather shoes through internet marketing. |
RATING & COMMENTS
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MIRAs 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 10,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
YS ITHACA ENTERPRISE CO LTD
1FL,
TEL : 886-4-22153236
FAX : 886- 4-22153240
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 31, 2005
REGISTRATION NO. :
27882701
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MS. CHIN-HUI SU (CHAIRMAN)
STAFF STRENGTH :
3
CAPITAL :
US$ 302,115
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
FAIR
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.829 = US$1 AS OF 2007-6-22
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 : 27882701
Date issued : 31
August, 2005
Issuing authority : Ministry
of Economic Affairs (MOEA)
*Office & Facilities*
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Size : 47
square feet (approx.)
Location :
Property status : Owned by YS
ITHACA ENTERPRISE CO LTD.
Type of building :
Semi-residential building
Comments : Serves as
office, retail outlet and showroom.
Note : We were unable to find any reference of the supplied address on
any local. The above address as reflected on our report was confirmed to be its
current registered/operating address.
*Corporate & Organization Structure*
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A small-sized company mainly operated and managed by the owner of the
firm.
*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.
Email : isosam0126@hotmail.com
SC is not known to host website of its own at present.
For the past two years there is no record of litigation.
*Major Shareholders*
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Total number of shareholder : 1
Shareholder's Name % of
Shares
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Ms. Chin-hui Su 100.00
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Mr. Jung-sheng Liu Taiwanese
Executive Sales
Ms. Chin-hui Su Taiwanese
Manager Sales
*Key Personnel*
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Ms. Chin-hui Su
Founder : Sole
Founder
Work experience : More than 10
years
Responsibilities : Daily
operation of the firm including all financial and legal matters.
Mr. Jung-sheng Liu
Responsibilities : Sales Department
Email :
isosam0126@hotmail.com
*Main Products & Services*
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Specializes in trading of leather shoes through internet marketing.
Products : Retail store operator
Ladies' leather
shoes
Leather
footwear
Sandals
Leather shoes
*Brand*
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Brand YS
*Payment Terms*
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Sales
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Local : 30-90 days credit
Cash or Credit Card
Purchases
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Local : 30 - 90 days credit
Cash or Credit Card
*Competitors*
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The following locally based companies supply similar range of products:
- AS INT'L CO LTD
- NESI TRADING CO LTD
- GINN YOUNG INDUSTRIAL CO LTD
- CHANTY INDUSTRIAL CO LTD
- DAASUN ENTERPRISE CO LTD
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales.
*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.
SC is not known to have any subsidiary at
present.
PAYMENT RATING : 3 OBTAINED SCORES : 52
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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.
*Bank Details*
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Bank name: FIRST COMMERCIAL BANK CO LTD
Branch: Taiping
Branch Address: 10Fl,
Account number: 424-50-174579
Swiftcode: FCBKTWTP
Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : ICBCTWTP
As a private limited company with a paid-up capital of less than US$ 6
million, there is no legal requirement according to local corporate law for
public disclosure of detailed financials.
SC is considered small-sized in its line with a short history. With
regard to its size of operation and limited growth potential, credit should be
confined to small amount at present.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 3143 Men's
footwear; work footwear
Trading 3144 Women's
footwear; footwear made on a basis or platform of wood, not having an
inner
sole or a protective metal toe cap
Trading 3149 Footwear
Trading 3199 Leather
goods
Trading 5139 Footwear
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Trading 6403 Footwear,
outer sole rub, plastic or lea & upper leather
Trading 6405 Footwear
Trading 6405100060 Other
footwear with uppers of leather or composition leather women
Trading 6405202500 Footwear
with uppers of textile materials, for men
Trading 6405204500 Footwear
with uppers of textile materials, for women
Trading 6405206500 Footwear
with uppers of textile materials, for persons other than men and women
Trading 6405909000 Other
footwear
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Trading Men's leather shoes
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 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%)