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Report Date : |
29.06.2012 |
IDENTIFICATION DETAILS
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Name : |
PREMIERE FASHION CORPORATION |
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Registered Office : |
9FL., No.141, Sec.3, Jen Ai Rd., Daan Chiu, Taipei, Taiwan 106 |
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Country : |
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Date of Incorporation : |
08.12.1989 |
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Com. Reg. No.: |
23599556 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of knitted and woven fabrics, etc |
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No. of Employees : |
About 40 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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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 – March 31st, 2012
|
Country Name |
Previous Rating (31.12.2011) |
Current Rating (31.03.2012) |
|
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 |
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Company Name: |
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Supplied Name: |
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Trading Address: |
9FL., No.141, Sec.3, Jen Ai Rd., Daan Chiu,
Taipei, Taiwan 106, R.O.C. |
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Supplied Address: |
No. 141, |
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Telephone Number: |
+886-2-2781-0522 |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as above
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Credit Opinion: |
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Registered Name: |
Premiere Fashion Corporation |
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Registered Address: |
9FL., No.141, Sec.3, Jen Ai Rd., Daan Chiu, Taipei, Taiwan 106, R.O.C. |
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Date of Foundation: |
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Registration Number: |
23599556 |
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Registry: |
Taipei City Government |
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Registered Capital: |
(As of 2012.06, 1 NTD = 0.0334 USD) |
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Paid-up Capital: |
NTD 5,530,000 (USD 184,702) |
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Legal Representatives: |
Ronglong Lin |
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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: |
Subject was incorporated on
|
Name |
Subscription Shares |
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Ronglong Lin |
193,550 |
|
Zhiyu Guo |
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55,300 |
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Shuli You |
110,600 |
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Zhicheng Jiang |
138,250 |
The information
above is that of subject’s major shareholders.
It is introduced
that subject has cooperative fabric manufacturers in Taiwan, while the details
are not disclosed.
Core
Management
Directors
|
1 |
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Name |
Ronglong Lin |
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Position |
Board Chairman |
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Date of
Appointment |
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2 |
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Name |
Zhiyu Guo |
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Position |
Director |
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3 |
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Name |
Shuli You |
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Position |
Director |
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4 |
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Name |
Zhicheng Jiang |
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Position |
Supervisor |
Personnel
Structure
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Total Employees |
About 40 employees |
Offices
& Factories
|
|
Headquarters |
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Add |
9FL., No.141, Sec.3, Jen Ai Rd., Daan Chiu, Taipei, Taiwan 106, R.O.C. |
l
Subject is a trader of fabric without any
production activities
l
Subject cooperates with fabric manufacturers in
Taiwan for production.
l
It is introduced that subject is ISO 9002
certificated company
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F104110 |
Wholesales of fabric, garments, footwear, caps, umbrella and accessories. etc |
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F108040 |
Wholesales of cosmetics |
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F204110 |
Retails of fabric, garments, footwear, caps, umbrella and accessories. etc |
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F206010 |
Retails of hardware |
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F208040 |
Retails of cosmetics |
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F301010 |
Department store industry |
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F401010 |
International trading business |
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I101110 |
Textile consultant industry |
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I103060 |
Management consultant industry |
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I301010 |
Information software services |
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I501010 |
Product design service |
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I502010 |
Garment design service |
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ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases fabrics from its cooperative
manufacturers in Taiwan
l
The subject is mainly engaged in sales of knitted
and woven fabrics.
l
Subject’s products are applied to manufacture of jackets,
sports wear and health care products, etc
l
It is introduced that Most products of subject are
exported to other countries and subject’s major customers are THE NORTH FACE
(USA), BROOKS RUNNING (USA), NEW BALANCE (USA), ROHAN (U.K.), REGATTA (U.K.),
GAP(USA), MEXX(HOLLAND), NAPAPIJRI (Italy), TRAVELER(Taiwan),
SWITCHER(Switzerland), etc
Major products
sold
|
Application |
Detailed items |
|
Extreme Sports |
Breathable fabrics-by coating Breathable fabrics with membrane Waterproof and windproof fabrics |
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Outdoor sports |
Wicking/ anti-bacterial fabrics Dopunt fabrics Light weight and high density fabrics (passed
rain test AATCC-35) UV-CUT fabrics |
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Casual sports |
Stretch fabrics (woven and knitted) Bonding fabrics Fleece Cotton like fabrics |
Import and export
right:
|
Import right |
Yes |
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Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
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Fabrics |
COD, Credit Sales, etc |
100% |
Foreign Purchase
Subject has little import
Sales
Domestic Markets
|
Sales Terms |
Proportion |
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Fabrics |
COD, etc |
100% |
Export
|
Sales Terms |
Proportion |
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Fabrics |
CBD, etc |
100% |
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 Doris declined to disclose its financials citing
the grounds of company’s confidentiality; from other source we can not obtain
the relevant information, either.
Subject declined to disclose its bank details; from other source we can
not obtain the relevant information, either.
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.
|
Name |
Doris |
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.56.92 |
|
|
1 |
Rs.88.91 |
|
Euro |
1 |
Rs.71.25 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
RATING EXPLANATIONS
|
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 |
-- |
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.