MIRA INFORM REPORT
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Report Date : |
20.01.2012 |
IDENTIFICATION DETAILS
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Name : |
EVERGREET EXPRESS DEVELOPMENT CORP. |
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Registered Office : |
1F, No.21-1, I-Chiang St., Taipei |
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Country : |
Taiwan |
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Date of Incorporation : |
29.05.1999 |
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Com. Reg. No.: |
70367070 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Import and trading of liquor and alcoholic beverage |
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No. of Employees
: |
40 |
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 50,000 |
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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 |
|
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: |
+886-2-2563 9966 |
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Fax Number: |
Notes:
The subject’s headquarter address is as above mentioned.
And the supplied address is another trading shop of subject.
Credit
Summary
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Credit Rating: |
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Credit Opinion: |
Company
Identification Details
History
Subject was incorporated on
Shareholders
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Name |
Subscription Amount |
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Mingzhu Zhang |
8,190,000 |
|
Zhaocan Huang |
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1,500,000 |
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|
10,000 |
The information above is that of subject’s major shareholders.
Subsidiaries &
Branches
Shops
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1 |
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Name: |
Yi-Jiang Shop/
Taipei |
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Address: |
No, 21-1,
Yijiang St., Zhongshan District, Taipei, Taiwan |
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2 |
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Name: |
An-He
Shop/Taipei |
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Address: |
No.12, Sec. 2,
Anhe Road, Daan District., Taipei, Taiwan |
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3 |
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Name: |
Breeze (Dean
& Deluca) Shop/Taipei |
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Address: |
B2, No. 39, Sec.
1, Fuxing S. Road, Songshan District, Taipei, Taiwan. |
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4 |
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Name: |
Breeze Station
Shop/Taipei |
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Address: |
2/F., No.3.
Beiping W. Road, Zhongzheng District, Taipei, Taiwan. |
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5 |
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Name: |
Taisuco Shop/
Kaohsiung |
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Address: |
B1, No. 60, Tuku
1st Rd, Nanzi District, Kaohsiung, Taiwan. |
Personnel
Information
Core
Management
|
1 |
|
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Name |
Mingzhu Zhang |
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Position |
Board Chairman |
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2 |
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Name |
Zhaocan Huang |
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Position |
Director |
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3 |
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Name |
|
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 40 employees |
Operation
Information
Offices
& Factories
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|
Headquarters |
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Add |
l
Subject is a trader of liquor and alcoholic beverages
without any production activities
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F401010 |
International trading business |
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A302020 |
Fisheries service |
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JZ99050 |
Intermediary service industry |
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F601010 |
Intellectual property industry |
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F301030 |
General chain stores industry |
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F211010 |
Retail of building materials |
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F203020 |
Wholesales of cigarette and liquors |
Besides licensed business, all other business items those are not banned
or restricted.
l
The subject has a
proportion of 100% for Import.
l
Subject imports from U.K., Germany,
France, Austria, Italy, etc.
l
The subject is mainly engaged in sales of liquor
and alcoholic beverages.
l
Subject only sells to Taiwan markets.
l
Subject’s products include Bordeaux, Burgundy,
Rhone Valley, Champagne, Languedoc-Roussillon, etc.
l
Subject’s major customers are individuals, catering
enterprises, etc
Import and export right:
|
Import right |
Yes |
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Export right |
Yes |
Settlements
Purchase
Domestic Purchase
Notes: Subject has little
domestic purchase.
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Liquor and alcoholic beverage |
CBD, etc |
100% |
Sales
Domestic Markets
|
Product |
Sales Terms |
Proportion |
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Liquor and alcoholic beverage |
COD, etc |
100% |
Export
Notes: Subject does not export.
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. Wang declined to disclose its financials
citing the grounds of company’s confidentiality; 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
|
Name |
Ms. Wang |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.50.29 |
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UK Pound |
1 |
Rs.77.60 |
|
Euro |
1 |
Rs.64.67 |
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 |
|
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.