MIRA
INFORM REPORT
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Report Date : |
07.03.2008 |
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 : |
21.12.2004 |
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Com. Reg. No.: |
27519392 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Purchasing a range
of Fashion Clothing |
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 : |
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 30.6400 = 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*
======================
The company is a
trading house specializing in imported products. Hence there are no production
facilities directly owned by the company.
*Reputation*
==========
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
-------------------------- ------------------
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*
============
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)
==============================
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)
=============================
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%)