MIRA INFORM
REPORT
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Report Date : |
25.05.2011 |
IDENTIFICATION DETAILS
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Name : |
AEROFASHION COMPANY LTD. |
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Registered Office : |
7F.-2, No.98, Sec.4,
Hsin-Yi Rd., Taipei, Taiwan, R.O.C |
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Country : |
Taiwan |
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Date of Incorporation : |
12.12.1997 |
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Com. Reg. No.: |
16289324 |
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Legal Form : |
Private Limited
Company |
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Line of Business : |
Wholesales of footwear |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 40,000 |
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Status : |
Moderate |
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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 – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
Taiwan |
a2 |
a2 |
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Risk Category |
ECGC
Classification |
|
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
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Company Name: |
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Supplied Name: |
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Trading Address: |
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Supplied Address: |
8FL 6 241 Wen Hsin Rdsection 3 Hsitun Dist Taichung City 407, Taiwan |
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Telephone Number: |
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Fax Number: |
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E-mail: |
Notes:
Subject’s registered English name and address are as above and it is introduced
that subject uses the supplied name to do international business and the
supplied address also belong to subject.
Credit
Summary
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Credit Rating: |
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|
Credit Opinion: |
Company
Identification Details
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Registered Name: |
Aerofashion
Company Ltd. |
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Registered Address: |
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Date of
Foundation: |
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Registration
Number: |
16289324 |
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Registry: |
Taipei City
Government |
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Registered
Capital: |
(As of 2011.05, 1 NTD
= 0.035 USD) |
|
Legal
Representatives: |
Huiling Wu |
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Legal Form: |
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Principal
Activities: |
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Staff: |
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Listed at Stock
Exchange: |
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Date of Last
Annual Return: |
History
Subject
was incorporated on
Shareholders
|
Name |
Subscription
Amount |
|
Huiling Wu |
460,000 |
|
Bizhen Wu |
|
|
30,000 |
|
|
Dian Wushi |
500,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Other Address
|
Address: |
8FL 6 241 Wen Hsin
Rdsection 3 Hsitun Dist Taichung City 407, Taiwan |
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Tel: |
+886-4-2293-5211 |
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Fax: |
+886-4-2296-2920 |
Personnel
Information
Core Management
Directors
|
1 |
|
|
Name |
Huiling Wu |
|
Position |
Board Chairman |
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2 |
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|
Name |
Bizhen Wu |
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Position |
Director |
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3 |
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Name |
Dian Wushi |
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Position |
Director |
Operation
Information
Offices & Factories
|
|
Headquarters |
|
Add |
Production Information
Subject is a trader of footwear without any production activities itself.
It is introduced that subject cooperates with related factories in mainland of China and Vietnam to deal with the production of footwear.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
F104030 |
Wholesales of footwear
|
|
F204030 |
Retails of
footwear |
Subject generally purchases footwear from the related
factories in the mainland of China and Vietnam.
The subject is mainly engaged in Wholesales of footwear such as leather shoes and children's shoes, etc
Subject’s products are mainly sold to overseas market, while domestic customers are not declined.
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Product |
Payment Terms |
Proportion |
|
Footwear |
CBD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Footwear |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Footwear |
30% prepayment,
70% before delivery, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Footwear |
30% prepayment, 70%
before delivery, etc |
100% |
|
L/C at sight |
Notes: Subject’s
settlement for export is generally in USD
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’s relevant staff 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 did not
introduce its bank details; from other source we can not obtain the relevant
information, either.
Thus we can not
confirm whether subject’s banker is Ta Chong Commercial Banking Corp
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
|
Name |
Tiffany |
|
Department |
Sales department |
Bottom of Form
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.25 |
|
UK Pound |
1 |
Rs.72.82 |
|
Euro |
1 |
Rs.63.58 |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NB |
New Business |
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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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.