MIRA INFORM REPORT
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Report Date : |
30.11.2011 |
IDENTIFICATION DETAILS
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Name : |
ONE TO ONE GARMENT MFG., LTD. |
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Registered Office : |
No.118-2, Sec. 3,
Zhongshan Rd., Zhonghe Dist., New Taipei City 235 |
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Country : |
Taiwan |
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Date of Incorporation : |
08.03.1978 |
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Com. Reg. No.: |
34197360 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Manufacturer of all kinds of knitted
garments, ladies apparels, men's apparels, children's apparels, etc. |
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No. of Employees
: |
100 Persons |
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 |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
USD 500,000 |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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
Note: The supplied name is incomplete, and the exact name 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: |
One To One Garment Mfg., Ltd. |
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Registered Address: |
No.118-2, Sec.
3, Zhongshan Rd., Zhonghe Dist., New Taipei City 235, Taiwan (R.O.C.) |
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Date of Foundation: |
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Registration Number: |
34197360 |
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Registry: |
New Taipei City Government |
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Registered Capital: |
NTD 29,000,000 (USD 1,009,200) (As of 2011.11, 1 NTD = 0.0348 USD) |
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Paid-up Capital: |
NTD 29,000,000 (USD 1,009,200) |
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Legal Representatives: |
Fanzai Xu |
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Legal Form: |
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Principal Activities: |
All kinds of knitted garments, ladies apparels,
men's apparels, children's apparels, etc. |
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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 Number |
|
Fanzai Xu |
1,980,000 |
| Suyue
Wenxu |
160,000 |
|
Yongshi Wang |
160,000 |
|
Yuntong Xue |
200,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Personnel
Information
Core
Management
|
1 |
|
|
Name |
Fanzai Xu |
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Position |
Board Chairman |
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2 |
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Name |
Suyue Wenxu |
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Position |
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3 |
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Name |
Yongshi Wang |
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Position |
Director |
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4 |
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Name |
Yuntong Xu |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 100 Employees |
Operation
Information
Offices
& Factories
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Headquarters |
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Address |
No. 415 Han Min Rd.,
Chung Ho City (235), Taipei Hsien, Taiwan |
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Construction
Area |
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Buildings
Ownership |
Production
Information
l
Subject is a manufacturer of all kinds of knitted
garments, ladies apparels, men's apparels, and children’s apparels with some
production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
1 |
Wearing sweater manufacturing trading |
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2 |
The import and export products and raw materials
supplies and trading business with the industry on the front entry of foreign
mutual guarantee |
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3 |
About the business before the operation and
investment |
l
The components and raw material for production are
purchased from both local Taiwan and abroad.
l
Subject is engaged in manufacturing of all
kinds of knitted garments, ladies apparels, men's apparels, and children’s
apparels.
l
Subject is produced in Vietnam, Cambodia.
l
Major products sold
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Product |
Sales Region |
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Cotton, shirtwaist dresses, polyester, women's
T-shirts, rayon, scoop, cotton ladies, women's blouses , knit top, and
women’s suits. |
Globe, North America |
|
Cocktail dresses, Eco-friendly clothing, Garment
stock lots |
Central/South America |
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Pullovers and the like,Ensembles,Garments |
Asia |
l
Subject’s selling territory covers all over the
world, and the main territory is USA.
Import and export
right:
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Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase (Taiwan and Mainland, China)
|
Payment Terms |
Proportion |
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L/C; T/P, etc. |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Clothing materials |
L/C; T/P, etc. |
100% |
Sales
Subject doesn’t
sell the products in Domestic market.
Export
|
Sales Terms |
Proportion |
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|
Children's clothing, skirts series, pants series,
T-shirt series, ect. |
100% |
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 Ms. Lin declined to discloses its financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
But she disclose the revenue of 2010 was about USD50, 000,000
Bankers
|
Name |
Bank of Taiwan Huanan |
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 |
Yueshi Lin |
|
Position |
Accountant |
|
Department |
Administration |
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.51.93 |
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UK Pound |
1 |
Rs.80.62 |
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Euro |
1 |
Rs.69.37 |
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 |
|
<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.