MIRA
INFORM REPORT
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Report Date : |
13.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
NUTREND INT'L DEVELOPMENT GROUP LTD |
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Registered Office : |
2FL, 6, Alley 7, Lane 205, Chung Hsiao East Rd, Section 2
Ta-An Dist Taipei City 106 |
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Country : |
Taiwan |
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Date of Incorporation : |
December 21, 2004 |
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Com. Reg. No.: |
27519392 |
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Legal Form : |
Private |
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Line of Business : |
Purchasing a range of fashion clothing. Domestic sales in department store.
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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. |
Small |
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Maximum Credit Limit : |
Up To USD 5,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
NUTREND INT'L DEVELOPMENT GROUP LTD
2FL, 6, ALLEY 7, LANE 205, CHUNG HSIAO EAST RD
SECTION 2 TA-AN DIST TAIPEI CITY 106, TAIWAN
TEL : 886-2-77113738
FAX : N/A
EXECUTIVE SUMMARY
INCORPORATION DATE :
DECEMBER 21, 2004
REGISTRATION NO. :
27519392
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MR. TZU-YI YANG (CHAIRMAN)
STAFF STRENGTH :
7
CAPITAL :
US$ 15,088
BUSINESS LINE :
IMPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2006)
EQUITIES :
N/A (AS OF DEC. 31, 2006)
PAYMENT :
FAIR
RECOMM. CREDIT RANGE : UP TO
USD 5,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : FAIRLY STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.32550 = 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
*Office & Facilities*
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Size :
123 sq feet (Approx)
Location :
Taipei City
Property status : Owned by
Mr. Tzu-yi Yang
Property is mortgaged to COOPERATIVE BANK OF TAIWAN
Type of building :
Residential District
Note
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The "office" listed above is registered as a residential use, not
for office use.
*Factories, Size & Locations*
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The company is a trading house specializing in imported products. Hence
there are no production facilities directly owned by the company.
*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.
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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Shareholders' Name % of Shares
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Mr. Tzu-yi Yang 90.00
Undisclosed Shareholder 10.00
Management: Mr. Tzu-yi Yang,
General Manager
Ms. Mei-hui Yang, Office Manager
Name Nationality
Job Description
Mr. Tzu-yi Yang Taiwanese
General Manager
Ms. Mei-hui Yang Taiwanese
Office Manager
*Key Personnel*
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Mr. Tzu-yi Yang
Founder : Sole
founder
Work experience : More than 5
years
Responsibilities : Daily operation
of the firm including all financial and legal matters.
Resident status : Taiwan
*Main Products & Services*
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Specializes in the following areas of work:
1. Purchasing a range of fashion clothing.
2. Domestic sales in department store.
*Payment Terms*
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Sales
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Local : 30-60 days credit
Purchases
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Local : 30-90 days credit
Imports : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Products: Dressings
Fashion
clothing
Fashion, goods
Garments
Packages
*Domestic Customers*
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Selling predominantly to domestic retailers.
*Local Distribution Network*
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100% of the annual turnover is attributed to local sales through
agents.
*International Trade Activity*
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There are no exports recorded under the firm's name, ONLY imports.
*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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Supplier's name : N/A
Country : USA
Product/material : Garment
Brand : Rebecca
Taylor
*(Subsidiaries, Joint-ventures & Affiliates)
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Company Name: POINTGREY DESIGN CO LTD
Address: 4Fl, 20-1 Ta Kuan Rd Section 2 Panchiao City 220 Taipei Hsien
Taiwan
Country: Taiwan
Relationship: Affiliate
Legal Form : Private company with limited liability
Company Type : Service
Industry : Professional Services
PAYMENT RATING : 4 OBTAINED SCORES : 48
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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 USD 6
million, there is no legal requirement according to Taiwan corporate law for
public disclosure of detailed financials.
*Bank Details*
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Bank Name : UNION BANK OF TAIWAN
Branch : Sungshan Dist, Taipei City
Branch Address : Union Enterprise Plaza Bldg 109 Ming Sheng East Rd
Section 3 Sungshan Dist Taipei City 105 (Head Office)
SWIFT Code : UBOTTWTP
Bank Name : COOPERATIVE BANK OF TAIWAN
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
2005 $93,838.86 $0.00 $93,838.86
2006 $105,804.11 $0.00 $105,804.11
SC is considered small-sized in its line with a short history. A credit
line up to USD 5,000 appears to be within SC’s capacities.
Attached:
trade references
SIC PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 2300 Apparel/Other
Textile Products
Importing 2329 Men's
and boys' clothing,
Importing 2342 Brassieres
and allied garments
Importing 2361 Dresses/Blouses/Shirts,
child
Importing 2389 Apparel
and accessories,
Importing 5136 Clothing
& Furnishing, male
Importing 5137 Female/Child
Clothing
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Importing 4202 Travel
goods, handbags, wallets, jewelry cases etc
Importing 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Importing 6114 Garments,
knitted or crocheted
Importing 6117 Made-up
clothing access. parts etc. knit etc
Importing 6210 Garments,
of felt etc, or fabric impregnated etc
Importing 6217 Made-up
clothing access, garment etc parts
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Importer Garments
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Importing from Europe
Importing from North America
Importing from USA
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%)