MIRA
INFORM REPORT
|
Report Date : |
25.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
CLASSIC FINE FOODS ( |
|
|
|
|
Registered Office : |
2FL, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
December 27, 2000 |
|
|
|
|
Com. Reg. No.: |
12676534 |
|
|
|
|
Legal Form : |
Private |
|
|
|
|
Line of Business : |
Importation of wide range of fresh dairy, meat and seafood
products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Up To EUR 20,000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
Clear |
name & address
CLASSIC FINE FOODS (
2FL,
TEL : [+886] 2-28982828
FAX : [+886] 2-28976885
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 27, 2000
REGISTRATION NO. :
12676534
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. EDELMANN (CHAIRMAN)
STAFF STRENGTH :
23
CAPITAL :
US$ 993,677
BUSINESS LINE :
TRADER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM.
MARKET CONDITION :
COMPETITIVE
FINANCIAL CONDITION :
STABLE
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 44.96 = EUR1 AS OF 2007-5-24
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –
*Company History*
================
1 January, 2001 - Incorporated from OLIVIER
*Capital Details*
=============
Paid-up capital : NTD 33,000,000.00
*Company Registration*
===================
License number :
12676534
Date issued :
27 December, 2000
Issuing authority :
Ministry of Economic Affairs (MOEA)
*Office & Facilities*
================
Size
: 135.72 sq. meters (Approx)
Location
: Center Business District (CBD)
Property status :
Rented
Type of building :
Commercial building
Other Contact Details
-----------------------------
Tel no :
2-28918307
E-mails :
sales-cfftw@umail.hinet.net
lhcfftw@m6.is.net.tw
Website :
www.classicfinefoods.com
Previous Contact Details
-----------------------------------
Address
: 3Fl, 249 Hsi An St Section 2
Tel no
: 2-28287860
Fax no
: 2-28265120
Date of relocation :
26 December, 2005
*Warehousing Facilities*
===================
Facilities
: Chiller with freeze capacity of -18 degree Celsius and 5 degree
Celsius respectively
Refrigerated trucks
Type of warehouse :
Air-conditioned
*Factories, Size & Locations*
======================
The company is a trading house focused on importation of
overseas products, and maintains no manufacturing facilities.
*Corporate & Organization Structure*
=============================
A small-medium sized company operated and managed by the
owner of the firm, supported by a team of professional management.
*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.cffoods.com.tw
The
design is professional and the content is well organized. At present it is both
in Chinese and English versions.
Email : salescff@m6.is.net.tw
For the past 7 years there is no record of litigation.
*Major Shareholders*
=================
Shareholders' Name
No.
of Shares
---------------------------
------------------
VESTEY GROUP LTD
2,761,999
Wen-hsi Chiang
499,998
Lisa Chia-hui Ho
38,002
Management : Ms. Connie Ting-hsiu Liu, Manager
Ms. Lisa Chia-hui Ho, Deputy General Manager
Name Nationality Job Description
Ms. Connie Ting-hsiu Liu Taiwanese Manager Sales
Ms. Lisa Chia-hui Ho Taiwanese Deputy
General Manager
*Key Personnel*
=============
(1)
Mr. Edelmann
Founder
: Co-Founder
Work experience :
More than 5 years
Responsibilities :
Handles daily operation of the firm including all financial and legal matters.
(2)
Ms. Lisa Chia-hui Ho
Tel no : 2-28287860
Fax no : 2-28265120
E-mail :
lho-cfftw@umail.hinet.net
*Main Products & Services*
======================
Specializes in the following areas of work :
1. Importation of wide range of fresh dairy, meat and
seafood products suitable for use in
Western cuisine.
2. Domestic sales to local customers such as retail
business.
Products : Dairy products
Delicacies
Fruits & vegetables
Pastry products
Processed food
*Payment Terms*
==============
Sales
-------
Local : Cash
30-90
days credit
Purchases
--------------
Local : Cash
30-90
days credit
Import : Letter of Credit (L/C)
Open
Account (D/A) with settlement using Telegraphic Transfer (T/T)
*Competitors*
===========
The following locally based firms supply similar range of
products :
- NIPPON MEAT PACKERS (
- TAI LI FU CORP
- LIH TAIR FOODS INDUSTRIAL CORP
- FOREPORT ENTERPRISES CO LTD
- CRADLE ENTERPRISE CORP
*Domestic Customers*
==================
Major local customers are from the following sectors:
- Hotels and resorts
- Restaurants and clubs
- Food caterers
- Airline caterer
- Cruise ship catering
- Ship chandler
- Bakeries
- Chain pastries
- Hypermarkets
- Supermarket
- Minimarkets
- Food-processing factories
- Retailers
*Local Distribution Network*
=======================
100% of the annual turnover is attributed to local sales.
*Export Markets*
==============
There is no record of export since the prime focus of the
firm's activity is concentrated on local sales only.
*LOCAL BRANCHES & MANAGEMENT*
==================================
Branch : CLASSIC FINE FOODS (
Branch Address :
Branch Tel : [+886] 4-22801818
Branch Fax : [+886] 4-22801818
Branch Employees : 4
*(Subsidiaries , Joint-ventures & Affiliates)
==================================
Company Name : CLASSIC FINE FOODS
Address :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Food Products
Company Name : CLASSIC FINE FOODS (HK) LTD
Address : Unit 201 Kerry Warehouse
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Food Products
Company Name : CLASSIC FINE FOODS (S) PTE LTD
Address :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Importer
Industry : Food Products
Company Name : CLASSIC FINE FOODS (
Address : 1FI,
Country :
Relationship : Subsidiary
Legal Form : Private Limited Company
Company Type : Trader
Industry : Food Products
Company Name : CLASSIC FINE FOODS (
Address : 47/9 Moo
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Food Products
Company Name : CLASSIC FINE FOODS EMIRATES LTD LLC
Address : Industrial Area Warehouse 8 & 9 Beside OASIS
WATER CO Near National Paint Roundabout Sharjah
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Food Products
Company Name : CLASSIC FINE FOODS GROUP LTD
Address : Unit D24/27 New Covent Garden Market
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Manufacturer
Industry : Food Products
Company Name : CLASSIC FINE FOODS PHILIPPINES INC
Address : 26Fl
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Food Products
Company Name : CLASSIC FINE FOODS SDN BHD
Address :
Country :
Relationship : Affiliate
Legal Form : Private Limited Company
Company Type : Trader
Industry : Food Products
*Strategic Partners & Alliances*
=========================
Diversified business interest with companies from Asia,
Europe, and
*IMPORTER AGENCY LISTING*
===========================
Supplier : LACTALIS INT'L (GROUPE LACTALIS)
Country of Origin :
Product Description : Butter
Brand : President
Year : 2001
Supplier : FAYE GASTRONOMIE SA
Country of Origin :
Product Description : Canned delicacies
Brand : Faye Gastronomie
Year : 2001
Supplier : LACTALIS INT'L (GROUPE LACTALIS)
Country of Origin :
Product Description : Cheese
Brand : President
Year : 2001
Supplier :
Country of Origin :
Product Description : Cheese
Brand : Balik
Year : 2001
Supplier : BARRY CALLEBAUT AG
Country of Origin :
Product Description : Chocolate & related products
Brand : Callebaut
Year : 2001
Supplier : BARRY CALLEBAUT FRANCE SA
Country of Origin :
Product Description : Chocolate products
Brand : Cacao Barry
Year : 2001
Supplier :
Country of Origin :
Product Description : Condiments
Brand : Balik
Year : 2001
Supplier : AMORA MAILLE
Country of Origin :
Product Description : Condiments & sauces
Brand : Amora Maille
Year : 2001
Supplier : LACTALIS INT'L (GROUPE LACTALIS)
Country of Origin :
Product Description : Creams
Brand : President
Year : 2001
Supplier :
Country of Origin :
Product Description : Dairy products
Brand : Balik
Year : 2001
Supplier : SABAROT WASSNER
Country of Origin :
Product Description : Escargot
Brand : Sabarot
Year : 2001
Supplier :
Country of Origin :
Product Description : Fish
Brand : Balik
Year : 2001
Supplier : FRENCH F & B JAPAN CO LTD
Country of Origin :
Product Description : Food ingredients
Brand : French F&B
Year : 2005
Supplier : GOURMET F&B KOREA CO LTD
Country of Origin :
Product Description : Food products
Brand : Gourmet F&B
Year : 2005
Supplier : CAPFRUIT SA
Country of Origin :
Product Description : Frozen fruits
Brand : Cap Fruit
Year : 2001
Supplier : FAYE GASTRONOMIE SA
Country of Origin :
Product Description : Fruits & vegetables
Brand : Faye Gastronomie
Year : 2001
Supplier : SABAROT WASSNER
Country of Origin :
Product Description : Lentils
Brand : Sabarot
Year : 2001
Supplier : SABAROT WASSNER
Country of Origin :
Product Description : Mushrooms
Brand : Sabarot
Year : 2001
Supplier : AMORA MAILLE
Country of Origin :
Product Description : Mustard
Brand : Amora Maille
Year : 2001
Supplier :
Country of Origin :
Product Description : Oysters
Brand : Balik
Year : 2001
Supplier : AMORA MAILLE
Country of Origin :
Product Description : Pickles
Brand : Amora Maille
Year : 2001
Supplier :
Country of Origin :
Product Description : Poultry products
Brand : Balik
Year : 2001
Supplier : CAPFRUIT SA
Country of Origin :
Product Description : Purees
Brand : Cap Fruit
Year : 2001
Supplier : FAYE GASTRONOMIE SA
Country of Origin :
Product Description : Seafood products
Brand : Faye Gastronomie
Year : 2001
Supplier : PARCS SAINT KERBER
Country of Origin :
Product Description : Shellfish
Brand : Parcs St-Kerber
Year : 2001
Supplier : BALIK RAUCHEREL IM TOGGENBURG AG
Country of Origin :
Product Description : Smoked salmon
Brand : Balik
Year : 2001
Supplier : TARTUFI MORRA
Country of Origin :
Product Description : Truffle products
Brand : Tartufalba
Year : 2001
Supplier : AMORA MAILLE
Country of Origin :
Product Description : Vinegar
Brand : Amora Maille
Year : 2001
Supplier : ACETO BALSAMICO
Country of Origin :
Product Description : Wines
Brand : ACETO BALSAMICO
Year : 2001
PAYMENT RATING : 3 OBTAINED SCORES : 61
|
Implication |
Implications |
|
|
1 |
Scores 85–100 |
Excellent |
|
2 |
Scores 75 – 84 |
Above Average |
|
3 |
Scores 50 – 74 |
Average |
|
4 |
Scores 35 – 49 |
Fair |
|
5 |
Scores 15 – 34 |
Below Average |
|
6 |
Scores 01 – 14 |
Poor |
|
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
*BANK DETAILS*
================
Bank Name : BANK OF
Branch : Chungcheng Dist,
Branch Address :
SWIFT Code : BKTWTWTP
Bank Name : HONGKONG & SHANGHAI BANKING CORP
Branch : Hsin-i Dist,
Branch Address : 13-15Fl Int'l Trade Bldg
SWIFT Code : HSBCTWTP
*Int´l Trade Activity
(Currency:
===============================
Year Imports Exports Total
2004 $3,437,000.00
n/a $3,437,000.00
2005 $2,963,000.00
n/a $2,963,000.00
2006 $3,721,000.00
n/a $3,721,000.00
SC is considered small-sized in its line with an acceptable base to come
into credit dealings of small amount.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code
Product/Service Description
Importing
2000 Food and Kindred Products
Importing
2033 Canned fruits, vegetables, preserves, jams,
and jellies
Importing
2051 Bread and other bakery products, other than
frozen
Importing
2084 Wines, brandy, and brandy spirits
Importing
2087 Flavoring extracts and flavoring sirups
Importing
2099 Food products
Importing
5143 Dairy Products
Importing
5146 Fish & Seafood
Importing
5147 Meats & Meat Products
Trading
2000 Food and Kindred Products
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing
0400 Dairy, eggs, honey, & ed. products
Importing
0401300000 Milk and cream, not concentrated nor
sweetened, of a fat content, by weight,
exceeding
6%
Importing
0405102000 Butter
Importing
0405207000 Dairy products
Importing
0406100000 Cheese, fresh (including whey cheese), not
fermented, and curd
Importing
0406300000 Cheese, processed, not grated or powdered
Importing
0406909550 Cheese, including mixtures
Importing
0811200000
Raspberries/blackberries/mulberries/loganberries/black, white or red
currants &
gooseberries (ex kiwi) uncooked/cooked by
steaming or boiling water frozen
Importing 0811901000 Bananas
and plantains, uncooked or cooked by steaming or
boiling in water,
frozen,
whether or not sweetened
Importing
1510000000 Olive-residue oil and blends of olive oil
and oil-residue oil, not chemically
modified
DETAILED PRODUCT CLASSIFICATION & ACTIVITY
Activity Product/Service
Description
Importing
Smoked salmon
Importing
Wines
Importing
Vinegar
Importing
Seafood products
Importing
Preserved fruits
Importing
Meat products
Importing
Fruit jams
Trading
Dairy products
Trading
Wines
Trading
Vinegar
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
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
Importing from
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)