MIRA
INFORM REPORT
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Report Date : |
19.10.2011 |
IDENTIFICATION DETAILS
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Name : |
VANBESTCO LTD. |
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Registered Office : |
15FL-1, No.547, Kuang Fu S. Rd., Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
24.05.1977 |
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Com. Reg. No.: |
12120418 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Trading 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 – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
Taiwan |
A2 |
A2 |
|
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: |
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Telephone Number: |
+886-2-2758-1515 |
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Fax Number: |
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E-mail: |
Notes: Subject’s registered name, address and contact are as above and the
supplied name belongs to subject’s subsidiary in the mainland of China and
subject did not introduce the supplied address.
Credit Summary
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Credit Rating: |
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Credit Opinion: |
Company Identification Details
Notes: The staff information is not available from
subject or other sources.
History
Subject was incorporated on
Shareholders
|
Name |
Subscription Amount |
|
Fuquan Zhang |
18,600,000 |
The information above
is that of subject’s major shareholders.
Subsidiaries & Branches
Related Company
|
1 |
|
|
Name |
Dong Guan City Hou Jie Yi Chang Co.Ltd |
|
Address |
No.1, Dong Fu Road, Da Wei Industry Area, Chi Ling Village, Hou Jie Town,
Dong Guan City, Guang Dong Province, China |
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Tel: |
+86-769-8508-9169 |
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Fax: |
+86-769-8508-9174 |
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2 |
|
|
Name |
Focus Original Ltd. |
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Address |
402 Room, Building G, YangQuan Garden, Baozhou Road, Fengze Zone, Quanzhou
City, Fujian Province, China |
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Tel: |
+86-595-2869-5181 |
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Fax: |
+86-595-2869-5190 |
It is introduced that subject has closed its MIAOLI OFFICE in
Taiwan.
Personnel Information
Core
Management
Directors
|
Name |
Fuquan Zhang |
|
Position |
Director |
Operation Information
Offices
& Factories
|
|
Headquarters |
|
Add |
Production
Information
l
Subject is a trader of footwear without any
production activities
l
It is introduced that subject has cooperative
manufacturers in the mainland of China, Indonesia and Vietnam to deal with the
production
l
Subject supplies OEM service
Purchase
Information
l
The major registered activities of subject:
|
Business Code |
Details |
|
-- |
Price quoting, bidding service and sales business
for domestic and overseas customers. |
|
-- |
Sales and marketing of footwear and accessories |
|
F401010 |
International trading business |
|
I103010 |
Management and consulting for enterprises
operating |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject’s purchasing all depends on the specific
conditions and customers’ needs
l
The subject is mainly engaged in sales of footwear.
l
Subject’s products are both sold to domestic and
overseas market and it is introduced that subject’s products are sold to the
mainland of China, Taiwan, Germany, the Netherlands, Austria, Italy, Spain,
U.K., Canada and USA, etc
l
Subject’s customers are mainly well-known footwear
brands such as UCLA, BOSS, ALDO, Japan Rags, Wrangler, TOPMAN, SCOTT, etc
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Raw materials
and accessories, etc |
COD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
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Raw materials and accessories, etc |
CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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|
Footwear |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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|
Footwear |
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’s relevant staff Sabrina declined to disclose the financials
citing the grounds of company’s confidentiality; from other source we can not
obtain the relevant information, either.
Bankers
Subject declined to
introduce its bank details stating that they will release the information if
there is further cooperation, thus we can not confirm whether subject’s banker
is Mega International Comm Bank Co Ltd. at this stage.
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 |
Sabrina. Tang |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.14 |
|
|
1 |
Rs.77.58 |
|
Euro |
1 |
Rs.67.58 |
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 |
|
-- |
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.