MIRA
INFORM REPORT
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Report Date : |
10.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
JEASION GARMENTS CO LTD |
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Registered Office : |
3FL-1, 130 Nanking East Rd Section 4
Chungshan Dist Taipei City 104 |
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Country : |
Taiwan |
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Date of Incorporation : |
01.02.1996 |
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Com. Reg. No.: |
96933803 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
International Marketing and Sales to International Clients of various Pants,
Shirts, Outwears and Related Garments. Selling to only International Markets. |
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 10,000 |
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Status : |
Small Company |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
name & address
JEASION
GARMENTS CO LTD
3FL-1, 130 NANKING EAST RD SECTION 4
CHUNGSHAN DIST
TAIPEI CITY 104, TAIWAN
TEL: 886-2-25787098 FAX:
886-2-25705576
EXECUTIVE SUMMARY
INCORPORATION DATE :
FEBRUARY 1, 1996
REGISTRATION NO. :
96933803
LEGAL FORM :
PRIVATE
CHIEF EXECUTIVE :
MS. ANNA NAN-NAN FU (CHAIRMAN)
STAFF STRENGTH :
14
CAPITAL :
US$ 155,280
BUSINESS LINE :
EXPORTER
TURNOVER :
N/A (AS OF DEC. 31, 2007)
EQUITIES :
N/A (AS OF DEC. 31, 2007)
PAYMENT :
AVERAGE
RECOMM. CREDIT RANGE : UP TO
USD 10,000
MARKET CONDITION :
AVERAGE
FINANCIAL CONDITION :
N/A
OPERATIONAL TREND : STEADY
GENERAL REPUTATION :
AVERAGE
EXCHANGE RATE :
TWD 32.81430 = 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
*Company History*
===============
2004 - Was considered one of the most important
suppliers for WAL-MART.
January 2005 -
Expanded its operation through the establishment of its China office.
*Office & Facilities*
===============
Size : 267 sq meters
Location : Taipei City
Facilities : Modern
Property status : Rented
Type of building : Commercial
Previous Address: 10Fl, 82 Kuang Fu North Rd Sungshan District Taipei
City
*Factories, Size & Locations*
=======================
The company located in Taiwan, is a trading house which out-sources all
orders to its factory in Bangladesh. There are no production facilities
directly owned by the company in Taiwan.
*Corporate & Organization Structure*
=============================
A small-sized company operated and managed by the principal owner.
Trading Name: JEASION INT'L LTD.
www.jeasion.com.tw
SC’s website is unable to be landed at present for the technical reason.
E-mail: melinda@jeasion.com.tw
For the past two years there is no record of litigation.
*Major Shareholders*
===============
Total number of shareholders: 2
Total number of shares: N/A
Shareholders Country Number Amount %
Ms. Anna Nan-nan Fu Taiwan n/a n/a 99.00
Undisclosed Shareholders n/a n/a n/a 1.00
Management: Ms. Anna Nan-nan Fu,
Manager
Ms. Melinda Mei-ling Tsai, General Manager
Mr. Steffen, Representative
Name Nationality
Job Description Dept. / Division
Ms. Anna Nan-nan Fu Taiwanese
Manager Sales
Ms. Melinda Mei-ling Tsai Taiwanese
General Manager -
Mr. Steffen Taiwanese Representative -
*Main Products & Services*
======================
Specializes in the following areas of work:
1. In Taiwan, the company just handles international marketing and sales
to international clients of various pants, shirts, outwears and related
garments.
2. Manufacture of a wide range of skirts, jackets and related garments
in the firm's worldwide facilities.
3. Selling to only international markets.
Products also include:
- Woven knit (top & pants)
- Knit - in all item and in all fabric
Products: Active wears
Blouses
Boxer shorts
Cargo pants
Casual & sports
wear
*Payment Terms*
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Sales
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Export : Letter of Credit (L/C)
Telegraphic
Transfer (T/T)
Purchases
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Local : Cash
30-60 days credit
Import : Letter of Credit (L/C)
Telegraphic Transfer
(T/T)
Note
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The firm is predominantly engaged in brokering of trade deals using
their local knowledge of contacts in the scrap metal industry. Hence payment
terms are not controlled by the firm directly, but their customers.
*Competitors*
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The following locally based companies supply similar range of products :
- ALLIED SPECIALITY CO LTD
- ACOTEX TAIWAN LTD
- BENFORD DEVELOPMENT LTD
- CHERCAS ENTERPRISE CO LTD
- CHRISTIAN DIOR TAIWAN LTD
- CHW SHIN TRADING CO
- JOCK VAN GARMENT-INDUSTRIES CO
- NEWTIMES WORLDWIDE LTD
- PRIMA CHANNEL INT'L LTD
- SABRINA FASHION INDUSTRIAL CORP
- GOO-WAY ENTERPRISE CO LTD
*Export Markets*
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100% of the annual turnover is attributed to export.
*Overseas Customers*
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Maintains the following overseas customers:
- ASDA
- PAUL DAVRIL
- DRESS BARN - PHILIP
DIOAPRIO
- INTERNATIONAL FASHION GROUP - RUSSEL USA & EUROPE
- JCP
- SQUEEZE JEANS
- KAREN KANE - TARGET
- KEEL WOOD CORP - TRAVIS AYER
- KIDS HEADQUARTERS - VENATOR GROUP
- LAND'N SEA INC - VF CORP
- MARTINC SIT BOX - NAUTICA CHILDREN'S CO
- MAY CO - LORD & TAYLOR GROUP - ZARA
- FAMILY DOLLAR SERVICE INC
*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.
*OVERSEAS AGENTS AND DISTRIBUTORS*
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Agent : WAL-MART STORES INC
Country of Origin : USA
*(Subsidiaries, Joint-ventures & Affiliates)
==============================
Company Name : JEASION INT'L LTD - BANGLADESH BRANCH
Address : 1Fl House 142, Rd 1 Sugandha R/A Panchliash Dist Chittagong
Bangladesh
Country : Bangladesh
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Garments & Accessories
Company Name : JEASION INT'L LTD - CHINA BRANCH
Address : 3Fl Xijing Bldg - Block A, 1 Tairan 9th Rd Chegongmiao Futian
Dist Shenzhen Guangdong China
Country : China
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Garments & Accessories
Company Name : JEASION INT'L LTD - INDIA BRANCH
Address : Maha Palace Bldg Near JMHS School Kangayam Rd Tiruppur 641601
Tamil Nadu India
Country : India
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Garments & Accessories
Company Name : JEASION INT'L LTD - NEPAL BRANCH
Address : Ground Fl Situ Plaza Narayan Chour Naxal Kathmandu Nepal
Country : Nepal
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Manufacturer
Industry : Garments & Accessories
Company Name : JEASION INT'L LTD - NEW YORK BRANCH
Address : 10Fl Empire State Bldg 350, 5th Ave New York 10118 New York
USA
Country : USA
Relationship : Subsidiary
Legal Form : Private company with limited liability
Company Type : Trader
Industry : Garments & Accessories
*Subsidiaries, Joint-ventures & Affiliates*
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Maintains a production facility in Lesotho, Kenya and Uganda.
Machinery : Basic
Machine - 283
Auxiliary Machine - 269
Capacity : Trouser - 20,000 Dz./Month
Children Wear - 15,000 Dz./Month
Factory Area : Production
Process - 85,000 sft.
General Administration - 2,500 sft.
Sample Room - 2,000 sft.
Employment size : Production Process - 700
Quality Control - 60
Product Engineering - 15
PAYMENT RATING : 3 OBTAINED SCORES :
60
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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.
Although financial summaries were obtained for reference.
*BANK DETAILS*
===============
Bank Name : BANK
OF AMERICA NA
Branch :
Sungshan Dist,Taipei City
Branch Address : Taipei
SWIFT Code :
BOFATW2X
Bank Name :
TAISHIN INT'L BANK
Branch :
Chungshan Dist,Taipei City
Branch Address : 1Fl
Hsin Kung Bldg 44 Chung Shan North Rd Section 2
SWIFT Code :
TSIBYEYP
*Financial Summary (Currency: U.S. $'s)
==============================
Year Sales Assets Net Income
2007 $905,250.45 $81,472.54 $63,367.53
*Int´l Trade Activity (Currency: U.S. $'s)
==============================
Year Imports Exports Total
2002 $50,000.00 $200,000.00 $250,000.00
2003 $50,000.00 $300,000.00 $350,000.00
2004 $50,000.00 $400,000.00 $450,000.00
2005 $50,000.00 $500,000.00 $550,000.00
SC is considered small-sized in its line with a development history of 12
years. Taking into consideration of SC’s general performance, 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 2253 Knit
outerwear
Exporting 2257 Circular
knit fabrics
Exporting 2258 Warp
knit fabrics
Exporting 2311 Men's
and boys' suits and coats, except raincoats
Exporting 2321 Men's
and boys' shirts
Exporting 2322 Men's
and boys' underwear and nightwear
Exporting 2326 Work
clothing, male
Exporting 2329 Men's
and boys' clothing,
Exporting 2331 Women's
and misses' blouses and shirts
Exporting 2335 Women's
and misses' dresses
HARMONIZED PRODUCT CLASSIFICATION & ACTIVITY
Activity Code Product/Service Description
Exporting 4203100090 Articles of apparel
Exporting 6100 Articles
of apparel & clothing accessories-knitted or crocheted
Exporting 6106 Women's
or girls' blouses & shirts, knit or crocheted
Exporting 6106900000 Women's or girls' blouses and shirts of other textile
materials, knitted or crocheted
Exporting 6107290000 Men's or boys' nightshirts and pajamas of other textile
materials, knitted or crocheted
Exporting 6107910030 Men's or boys' sleepwear and similar articles, knitted or
crocheted: of cotton
Exporting 6108390000 Women's or girls' nightdresses and pajamas of other textile
materials, knitted or crocheted
Exporting 6109 T-shirts,
singlets, tank tops etc, knit or crocheted
Exporting 6110 Sweaters,
pullovers, vests etc, knit or crocheted
Exporting 6110900092 Men's or boy's pullovers, sweatshirts & other similiar
articles of other textile materials knitted or crocheted
DETAILED PRODUCT
CLASSIFICATION & ACTIVITY
Activity Product/Service Description
Exporter Sleepwear
Exporter Innerwear
Exporter Boxer
shorts
Exporter Swimwear
Exporter Knitted
blouses
Exporter Ski
jackets
Exporter Ski pants
Exporter Snowboard
jackets
Exporter Snowboard
pants
Exporter Down
garments
INTERNATIONAL
TRADE: ACTIVITY & MARKETS
Country / Region Main Trading Activity
Asia / Pacific Importing
Europe Exporting
North America Exporting
Pacific Exporting
South America Exporting
Bangladesh Importing
Canada Exporting
Mexico Exporting
USA Exporting
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.32 |
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UK Pound |
1 |
Rs.74.20 |
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Euro |
1 |
Rs.60.73 |
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%)