MIRA INFORM REPORT
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Report Date : |
25.11.2011 |
IDENTIFICATION DETAILS
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Name : |
EVER RICH D.F.S. CORPORATION |
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Formerly Known As : |
Everrich D.F.S. Corporation |
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Registered Office : |
No.1, Lane 60, Sec. 3, Mincyuan E. Rd., Jhongshan District, Taipei City 104 |
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Country : |
Taiwan |
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Date of Incorporation : |
17.08.1995 |
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Com. Reg. No.: |
89400818 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Retailing of the merchandise |
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No. of Employees
: |
About 3,600 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 1,800,000 |
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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 30th, 2011
|
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:
The supplied name is incomplete, and the exact name is as above.
Subject didn’t confirm the supplied address, but stated that the exact trading address is as above.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
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Registered Name: |
Ever Rich D.F.S. Corporation |
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Registered Address: |
No.1, Lane 60, Sec. 3, Mincyuan E. Rd., Jhongshan District, Taipei City
104, Taiwan (R.O.C.) |
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Date of Foundation: |
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Registration Number: |
89400818 |
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Registry: |
Department of Commerce, Ministry of Economic Affairs,
R.O.C. |
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Registered Capital: |
NTD 2,600,000,000 (USD85,103,600) (As of 2011.11, 1 NTD = 0.03273 USD) |
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Paid-up Capital: |
NTD 2,600,000,000 (USD85,103,600) |
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Legal Representatives: |
Songhua Jiang |
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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
Change of Name
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Former English
Name |
Everrich D.F.S.
Corporation |
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Current English
Name |
Ever Rich D.F.S. Corporation |
Shareholders
|
Subscription Number |
|
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Songhua Jiang |
6,500,000 |
| Zheyan
Zhu |
6,500,000 |
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Yonglian Investment Corporation(translated) |
6,500,000 |
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Guokai Investment Corporation (translated) |
6,500,000 |
|
Liqi Development Corporation(translated) |
32,500,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Subsidiary
Companies
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1 |
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Name |
City Pre-sale
Center(Minquan Center) |
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Address |
B |
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2 |
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Name |
Duty Free Shop
of Kaohsiung City |
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Address |
Fl. 2 No.1
Zhongzheng Road, Gangtong Lane, Zhongzheng Dis. Kaohsiung City |
Subject has 17
subsidiary companies, but there’re no more details about them.
Personnel
Information
Core
Management
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1 |
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Name |
Songhua Jiang |
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Position |
Board Chairman |
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2 |
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Name |
Zheyan Zhu |
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Position |
Director |
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3 |
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Name |
Xixian Wu |
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Position |
Director |
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4 |
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Name |
Guokai
Investment Corporation |
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Position |
Director |
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5 |
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Name |
Renfa Lu |
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Position |
Supervisor |
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6 |
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Name |
Jingyuan Li |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 3,600 Employees |
Operation
Information
Offices
& Factories
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|
Headquarters |
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Add |
No.289 Sinhu 2nd Road, Neihu District, Taipei City, Taiwan,
R.O.C |
l
Subject is a retailer of accessories, cosmetic
products, clothes, food, etc without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
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F115010 |
Wholesale of accessories and precious metals |
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F215010 |
Retail of accessories and precious metals |
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F108040 |
Wholesale of cosmetic products |
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F208040 |
Retail of cosmetic products |
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F110010 |
Wholesale of watches |
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F210010 |
Retail of watches |
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F102030 |
Wholesale of wine and tobacco |
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F203020 |
Retail of wine and tobacco |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
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The products are purchased from all over the world,
both local and abroad.
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Subject is mainly involved in wines, tobacco,
cosmetic products, perfume, clothes, accessories and foods, etc.
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Subject trades as the duty free shop in Taiwan.
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Subject imports famous international brands from
all over the world, such as Bally, Burberry, Bvlgari, Celine, Coach, Daks,
Dunhill, Fendi, Gucci, Hermes, Hunting World, Longchamp, Prada, Samsonite, YSL,
Salvatore Ferragamo, Tiffany co, TODs, Omega, Piaget, Swatch, Swarovski, Folli
Follie, Anna Sui, Chanel, Christian Dior, Elizabeth Arden, Estee Lauder,
l
Subject sells the products in the airports of
Taiwan.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Subject declined to disclose the purchase settlements information, and
from other sources, we couldn’t obtain the information, either.
Sales
Domestic Markets (Taiwan)
|
Sales Terms |
Proportion |
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Accessories, cosmetic products, clothes and so
on. |
Cash, Credit Card, 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’s relevant staff Ms. Lin declined to disclose its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Bankers
|
Name: |
Taixin Bank |
Note:
Subject disclosed that it cooperate Taixin Bank, but it declined to
disclose more details.
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 |
Ms. Lin |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.25 |
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UK Pound |
1 |
Rs.81.23 |
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Euro |
1 |
Rs.69.83 |
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 |
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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.