MIRA
INFORM REPORT
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Report Date : |
18.05.2007 |
IDENTIFICATION DETAILS
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Name : |
TOPBEAUTY ENTERPRISE CO LTD |
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Registered Office : |
5FL, |
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Country : |
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Date of Incorporation : |
August 23, 2001 |
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Com. Reg. No.: |
12941127 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Handles international marketing and sales to international clients of cosmetics
accessories and cosmetic containers. |
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 : |
USD 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Slow but correct |
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Litigation : |
Clear |
name & address
TOPBEAUTY ENTERPRISE CO LTD
5FL,
TEL: 886-2-25468289
FAX: 886-2-25468256
EXECUTIVE SUMMARY
INCORPORATION DATE :
AUGUST 23, 2001
REGISTRATION NO. :
12941127
LEGAL FORM :
PRIVATE LIMITED COMPANY
CHIEF EXECUTIVE :
MR. FRANK KUN-LIANG HUANG (CHAIRMAN)
STAFF STRENGTH :
8
CAPITAL :
US$ 15,056
BUSINESS LINE :
EXPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
AVERAGE
OPERATIONAL TREND :
STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 33.3689 = US$1 AS OF 2007-5-18
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 : 12941127
Date issued : 23 August,
2001
Issuing authority : Ministry of
Economic Affairs (MOEA)
*Office & Facilities*
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Size : 102 sq.
meters (Approx.)
Location : Center
Business District (CBD)
Property status : Rented
Type of building :
Semi-residential building
Other Contact Details
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Tel nos : 2-25468291/ 25468250
Fax no : 2-25468302
Website : www.timesource.com.tw
*Corporate & Organization Structure*
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A small-sized company mainly operated and managed by the owners.
*Factories, Size & Locations*
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The company located in
*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.
Web
site: www.topbeauty.com.tw
Email : emily@topbeauty.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
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Shareholders' Name No. of
Shares % of Shares
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Frank Kun-liang Huang 10,000 99.00
Undisclosed Shareholder - 1.00
Management : Mr. Frank Kun-liang Huang, Representative
Ms. Emily
Liu, General Manager
*COMPANY MANAGEMENT*
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Name Nationality
Job Description Dept. / Division
Mr. Frank Kun-liang Huang Taiwanese
Representative Sales
Ms. Emily Liu Taiwanese
General Manager -
*Key Personnel*
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Mr. Frank Kun-liang Huang
Founder : Sole
Founder
E-mail : frank@topbeauty.com.tw
Resident status :
Work experience : More than 10
years
Responsibilities : Handles the
daily operation of the firm including all financial and legal matters.
Ms. Emily Liu
E-mail : emily@topbeauty.com.tw
*Main Products & Services*
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Specializes in the following areas of work :
1. In
2. All products are sourced and manufactured in
Products : Applicator brush
Artificial eyelashes
Beauty
accessories
*Payment Terms*
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Due to the nature of business the structure of payments are mostly
occurring off-shore, and hence the turnover figures of TOPBEAUTY in
*Competitors*
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The following locally based firms supply similar range of products:
- FAIRVIEW INT'L CO LTD
- HWA MEEI COSMETICS CO LTD
- KING & LADY MATE CO LTD
- MEI KUAI COSMETICS CO LTD
- NAGA GLOBAL CO LTD
*Quality Certification*
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Conform with the following safety approval :
- FDA Japan
- EEC regulations
*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.
*Export Markets*
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100% of the annual turnover is attributed to export.
Note: The products being exported, are in fact produced mostly in
*LOCAL BRANCHES & MANAGEMENT*
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Branch : TOPBEAUTY ENTERPRISE CO LTD -
Branch Address : 3Fl-3, 3, Lane 105,
Branch Tel : [+886] 2-25618569
Branch Fax : [+886] 2-25630563
Branch Email :
timesour@ms46.hinet.net
*Subsidiaries, Joint-ventures & Affiliates*
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Note: The company was previously affiliated with TIMESOURCE ENTERPRISE
CO LTD, which has ceased to operate since 19 May, 2006.
PAYMENT RATING : 4 OBTAINED SCORES : 46
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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.
*Bank Details*
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Bank Name : HUA NAN COMMERCIAL BANK LTD
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : HNBKTWTP
Bank Name : MEGA INT'L COMMERCIAL BANK CO LTD
Branch : Chungshan Dist,
Branch Address :
SWIFT Code : ICBCTWTP
As a private limited company with a paid-up capital of less than USD 6
million, there is no legal requirement according to
Additionally, because the firm is focusing on transship orders from
*Int´l Trade Activity (Currency:
===============================
Year Imports Exports Total
2004 $25,000.00 $1,120,000.00 $1,145,000.00
2005 $26,000.00 $1,150,000.00 $1,176,000.00
2006 $28,000.00 $1,220,000.00 $1,248,000.00
SC is considered small-sized in its line with a development history of 6
years. 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
Exporting 2844 Toilet
preparations
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 3300 Oils
& resinoids, perfumery, cosmetic or toilet preparations
Exporting 3304 Beauty,
make-up & skin-care prep; manicure etc
Exporting 3304100000 Lip
make-up preparations
Exporting 3304200000 Eye
make-up preparations
Exporting 3304910050 Beauty
or make-up powder, whether or not compressed
Exporting 3304990000 Beauty
or make-up preparations and preparations for the care of the skin (other
than
medicaments)
Exporting 3304990010 Cosmetic
creams, lotions, oils and balms
Exporting 3307900000 Depilatories
and other perfumery, cosmetic or toilet preparations
Exporting 3401 Soap,
organic surf-act prep for soap use, bars etc
Exporting 3401110000 Soap
and other organic surface-active products, for toilet use in bars cakes
molded
pieces and paper etc impregnated or coated with soap ordetergent
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Exporting Beauty care accessories
Exporting Beauty make-up products
Exporting Body glitter
Exporting Body sprays
Exporting Chopsticks
Exporting Cosmetic accessories
Exporting Cosmetic bags
Exporting Cosmetic boxes
Exporting Cosmetic make-up
Exporting Eye make-up
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
Exporting to
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%)