MIRA
INFORM REPORT
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Report Date : |
01.12.2011 |
IDENTIFICATION DETAILS
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Name : |
SPORTS CITY INTERNATIONAL INC. |
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Registered Office : |
6F, No.9, Lane 130, Sec.3, Ming-Sheng E. Rd., Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
13.04.1988 |
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Com. Reg. No.: |
22866793 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Manufacture and sales of Sportswear |
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No. of Employees : |
About 270 employees |
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 : |
USD 200,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Taiwan |
A2 |
A2 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Contact Points
Notes: Subject’s exact
name and address are as above.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
History
Subject was incorporated on
Awards
|
Year |
Awards |
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2008 |
Blue chip
importer and exporter |
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2009 |
Blue chip importer
and exporter |
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2010 |
Blue chip
importer and exporter |
Standard of Blue
chip importer and exporter
Unit:
USD
|
Year |
Amount |
|
2008 |
19,000,000 |
|
2009 |
15,000,000 |
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2010 |
20,000,000 |
Shareholders
|
Name |
Subscription Amount |
|
Shengjun Yu |
49,600,000 |
The information
above is that of subject’s major shareholders.
Subsidiaries & Branches
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1 |
|
|
Name |
Yixing Huixing
Garment Co., Ltd |
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Address |
No. Huixing
South Road, Yicheng Township, Yixing City, Jiangsu Province, China |
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Tel |
+86-510-8856-7166 |
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Date of
Foundation: |
September, 2001 |
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2 |
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Name |
Zhejiang
Huizhong Garment Co., Ltd |
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Address |
No. 123,
Chenggong Road, Huimin Street, Jiashan County, Jiangsu Province, China |
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Tel |
+86-573-8482-0199 |
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Date of
Foundation: |
February, 2004 |
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Notes: |
Yixing Huixing
Garment Co., Ltd and Zhejiang Huizhong Garment Co., Ltd have about 2,060
employees totally in the mainland of China |
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3 |
|
|
Name |
Sprinta (VN)
Co., Ltd |
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Address |
Lot 58-60, Linh
Trung 2 EPZ, Binh Chieu Ward, Thu Duc Dist, Ho Chi Minh City, Vietnam. |
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Tel |
+84-8-3729-1891 |
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Date of
Foundation: |
April, 2002 |
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4 |
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Name |
Esprinta (VN)
Co., Ltd |
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Address |
Road 12-Song
Than 2 IP, Do An Dist, Binh Duong Province, Vietnam |
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Tel |
+84-650-3737161 |
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Date of
Foundation: |
April, 2007 |
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Notes: |
Sprinta (VN)
Co., Ltd and Esprinta (VN) Co., Ltd have about 5,733 employees totally in
Vietnam |
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5 |
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Name |
Globalwear Mfg,
Inc (Factory 1) |
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Address |
Standard
Factory Building Gate 2, MEZI, Lapulapu City, Cebu, Philippines |
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Tel |
+632-340-0657 |
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Date of
Foundation: |
January, 1999 |
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6 |
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Name |
Globalwear Mfg,
Inc (Factory 2) |
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Address |
Sudecor
Building Gate 2, MEZI, Lapulapu City, Cebu, Philippines |
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Tel |
+632-268-6376 |
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Date of
Foundation: |
June, 2010 |
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7 |
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Name |
Mactan
Apparels, Inc (Factory 1) |
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Address |
5th
Street, Corner 2nd Avenue, Block C6, MEZ1 Lapulapu City, Cebu,
Philippines |
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Tel |
+632-340-0515/340-0519 |
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Date of
Foundation: |
June, 1994 |
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8 |
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Name |
Mactan
Apparels, Inc (Factory 2) |
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Address |
PPC 6 Building
6th Street, Corner 2nd Avenue, MEZ1 Lapulapu City,
Cebu, Philippines. |
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Date of
Foundation: |
April, 2011 |
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9 |
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Name |
Metro Wear
Incorporated |
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Address |
Blk C6, 2nd
Avenue, Corner, 5th Street, Mactan Export Processing Zone 1,
Lapulapu City, Philippines. |
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Tel |
+632-340-5633 |
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Date of
Foundation: |
January, 1997 |
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10 |
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Name |
Feeder Apparel,
Corp. |
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Address |
5th
Street. Corner 2nd Avenue, Block C5, MEZ 1, Lapulapu City,
Philippines |
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Tel |
+632-341-5393 |
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Date of
Foundation: |
December, 1998 |
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Subject’s
related companies in Philippines have totally 13,835 employees |
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11 |
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Name |
Sportex
Industry Co., Ltd |
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Address |
National Road
#5, Phum Spean Kpos, Sangkat Kilometre #6, Khan Russey, Keo, Phnom Penh
Cambodia |
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Tel |
+855-23-430-159 |
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Date of
Foundation: |
April 1998 |
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12 |
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Name |
Splendor
Industry Co., Ltd |
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Address |
National Rd 5,
Sangkat Russey, Keo, Khan Russey Keo. Phnom Penh Cambodia |
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Tel |
+855-23-430-829 |
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Date of
Foundation: |
August, 2010 |
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Subject’s
relates companies in Cambodia have totally 1,799 employees |
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13 |
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Name |
PT. Bintang
Adibusana |
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Address |
Jin Belitung
Raya Blok D-35. Nusantara Bonded Zone, Cakung, North Jakarta, Indonesia |
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Date of
Foundation: |
April, 1996 |
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14 |
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Name |
PT. Everyoung
Utama |
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Address |
JI. Pungut KP
Rawa Roko RT 06/02, Rawa Bojong, Rawa Lumbu, Bekasi 171116, Jawa Barat,
Indonesia. |
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Date of
Foundation: |
November, 1994 |
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Subject’s
related companies in Indonesia have totally 2,659 employees |
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Personnel Information
Core
Management
|
Name |
Shengjun Yu |
|
Position |
Director |
Personnel
Structure
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Total Employees |
About 270 employees (Taiwan) Over 26,000 employees (Group) |
Operation Information
Offices
& Factories
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Headquarters |
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Add |
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Production
Information
l
Subject’s factories are engaged in manufacture of
sportswear.
l
It is introduced that subject has related
factories in Philippines, Indonesia, Vietnam, Cambodia
and the mainland of China and the factories are awarded the certification of
6S, ISOO 14001、OHSAS 18001, etc
l
Subject supplies OEM service.
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F104110 |
Wholesales of fabric, garments, footwear, caps, umbrellas, etc |
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F204110 |
Retails of fabric, garments, footwear, caps, umbrellas, etc |
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F401010 |
International trading business |
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I101110 |
Textile consultancy industry |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases both at home and abroad.
l
The subject is engaged in sales of sportswear
including T-Shirts, Jackets and trousers,
etc
l
Subject’s products are both sold in domestic and
overseas market and it is introduced that subject serves the famous sports
brands such as Adidas、The North Face、Lululemon、Eddie
Bauer、REI、Moving Comfort、Lucy、New
Balance、Under Armour、Saucony、Brooks, etc
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
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Payment Terms |
Proportion |
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Raw materials, etc |
COD, Credit Sales, etc |
100% |
Foreign Purchase
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Payment Terms |
Proportion |
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Raw materials, etc |
CBD, Credit Sales, etc |
100% |
Sales
Domestic Markets
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Sales Terms |
Proportion |
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Sportswear |
CBD, etc |
100% |
Export
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Sales Terms |
Proportion |
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Sportswear |
CBD, etc |
100% |
Financial Information
Subject has no obligations to disclose its financial statements to the
third party according to the relevant policy in Taiwan and the only source
from which we can obtain the information is the subject itself.
Subject declined to disclose its financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Bankers
Subject declined to
disclose its bank details; from other source we can not obtain the relevant
information, either.
Public Record
Mortgage
No chattel mortgage record of subject has been found within the recent
3 months.
Lawsuit
Up to date of
reporting, no existing or latent litigation of the subject has been found.
Interview Details
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.16 |
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|
1 |
Rs.81.29 |
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Euro |
1 |
Rs.69.47 |
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 |
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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-- |
NB |
New Business |
-- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.