MIRA
INFORM REPORT
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Report Date : |
08.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
EUROPE FLAIR INT'L CO LTD |
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Registered Office : |
3FL, 75 Nanking East Rd Section 4 Sungshan Dist, Taipei
City 105 |
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Country : |
Taiwan |
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Date of Incorporation : |
July 5, 2004 |
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Com. Reg. No.: |
27337132 |
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Legal Form : |
Private |
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Line of Business : |
Importing a wide range of all kinds of skincare, spa products. Domestic sales of its imported products. |
RATING &
COMMENTS
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MIRA’s 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 30,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name & address
EUROPE FLAIR INT'L CO LTD
3FL, 75 NANKING EAST RD SECTION 4 SUNGSHAN DIST
TAIPEI CITY 105, TAIWAN
TEL : 886-2-27132239
FAX : 886- 2-27176234
EXECUTIVE SUMMARY
INCORPORATION DATE :
JULY 5, 2004
REGISTRATION NO. :
27337132
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. HSIU-CHING WANG (CHAIRMAN)
STAFF STRENGTH :
8
CAPITAL :
US$ 241,400
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2005)
EQUITIES :
N/A (AS OF DEC. 31, 2005)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 30,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION : N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.39000 = US$1
Adopted abbreviations:
ANS - amount not stated
NS - not stated
SC - subject company (the company inquired by you)
NA - not available
M - million
TWD –Taiwan New Dollars
*Trading Name*
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Although the company is legally registered by the name listed above, it
is commonly known as E FLAIR INT'L LLC under which it operates locally.
*Office & Facilities*
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Size : 286 sq meters (Approx)
Location : Centra Business District (CBD)
Property status : Rented
Type of building : Commercial
building
*Factories, Size & Locations*
======================
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 sized specialized company operated and managed by the owner.
*Reputation*
==========
Reference checking for the purpose of establishing the firm's reputation
within the respective industry failed to reveal any negative information.
www.spacollege.com.tw the design is
professional and the content is well organized. At present it is in Chinese version.
E-mail: ayyl@eflair.com.tw
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. Hsiu-ching Wang 99.00
Undisclosed Shareholder 1.00
Management: Ms. Hsiu-yun Mao,
Manager
Ms. Yi-ling Cheng, Manager
Ms. Hsiu-ching Wang, General Manager
Name Nationality
Job Description Dept. / Division
Ms. Hsiu-yun Mao Taiwanese
Manager Human Resources
Ms. Yi-ling Cheng Taiwanese
Manager Sales
Ms. Hsiu-ching Wang Taiwanese General Manager -
*Key Personnel*
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Ms. Hsiu-ching Wang
Founder :
Co-Founder
Work experience : More than 4 years
Responsibilities : Daily
operation of the firm including all financial and legal matters.
*Main Products & Services*
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Specializes in the following areas of work:
1. Importing a wide range of all kinds of skincare, spa products.
2. Domestic sales of its imported products.
Products: Body lotions
Skin care
products
Skin cleanser
Skin creams
Spa products
*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)
Open account /DA
terms with settlement using Telegraphic Transfer (T/T)
*Competitors*
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The following locally based companies supply similar range of products:
- JOYTOP ENTERPRISE CO LTD
- WESTERN UNION INDUSTRIAL CO LTD
- SUNNY WORLD BEAUTY INT'L CO LTD
- FA HUA FRAGRANCE & COSMETIC CORP LTD
- MANDOM TAIWAN CORP
*Domestic Customers*
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Selling to the domestic market via two main channels:
1. Wholesaling to other department store and salon outlets in Taipei and
other parts of Taiwan.
- Taipei 101
- PACIFIC SOGO CO LTD
2. Direct sale to consumers. (Mail orders)
*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.
*Overseas Suppliers*
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(1)
Company name : N/A
Brand : DU
Country : Spain
(2)
Company name : N/A
Brand : OLIVIA
Country : Greece
(3)
Company name : N/A
Brand : TACT
Country :
Greece
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name : RICH HONOUR ENTERPRISE CO LTD
Address : 11Fl Der Ho Bldg 75 Nanking East Rd Section 4 Sungshan Dist
Taipei City 105 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
Company Name : RICH HONOUR INT'L DESIGNS CO LTD
Address : 11Fl Der Ho Bldg 75 Nanking East Rd Section 4 Sungshan Dist
Taipei City 105 Taiwan
Country : Taiwan
Relationship : Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
*IMPORTER AGENCY LISTING*
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Supplier : TERRAKE LABORATOIRES BLC
Country of Origin : France
Product Description : Body cream
Brand : Terrake
Year : 2005
Supplier : THALGO AUSTRALIA
Country of Origin : Australia
Product Description : Skin care
Brand : Thalgo
Year : 2005
Supplier : MARY COHR PRO CR A SR
Country of Origin : France
Product Description : Skin care
Brand : Mary Cohr
Year : 2004
PAYMENT RATING : 3 OBTAINED SCORES : 53
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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 US$6
million, there is no legal requirement according to local corporate law for
public disclosure of detailed financials.
Although, financial summaries were obtained for reference.
*Bank Details*
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Bank Name : FUBON COMMERCIAL BANK
Branch : Ta-an Dist, Taipei City
Branch Address : 2Fl B1 Fubon Banking Center 169 Jen Ai Rd Section 4 Ta-an
Dist Taipei City 106 (Head Office)
SWIFT Code : This bank does not have a SWIFT Code
*Int´l Trade Activity (Currency: U.S. $'s)
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Year Imports Exports Total
2004 $500,000.00 $0.00 $500,000.00
2005 $800,000.00 $45,000.00 $845,000.00
2006 $1,000,000.00 $502,569.53 $1,502,569.53
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
2006 $1,369,407.50 $123,941.96 $105,804.11
SC is considered small-sized in its line with a short history. a credit
line up to USD 30,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2844 Toilet
preparations
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 3304 Beauty,
make-up & skin-care prep; manicure etc
Importing 3304910050 Beauty or make-up powder, whether or not compressed
Importing 3304990010 Cosmetic creams, lotions, oils and balms
INTERNATIONAL TRADE : ACTIVITY & MARKETS
Importing from Australia
Importing from Europe
Importing from France
Importing from Greece
Importing from Spain
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 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%)