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Report Date : |
15.05.2012 |
IDENTIFICATION DETAILS
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Name : |
VANBESTCO LTD. |
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Registered Office : |
15FL-1, No.547, |
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Country : |
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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 |
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No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
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 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
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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: |
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Fax Number: |
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E-mail: |
Notes: Subject’s exact name and address are as above.
|
Credit Opinion: |
Notes: Subject declined to disclose the staff
number; from other source we can not obtain the relevant information, either.
Subject was incorporated on
|
Name |
Subscription
Amount |
|
Fuquan Zhang |
18,600,000 |
The information above is that of subject’s major shareholders.
Related Companies
|
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 |
|
Tel: |
+86-769-8508-9169 |
|
Fax: |
+86-769-8508-9174 |
|
2 |
|
|
Name |
Focus Original Ltd. |
|
Address |
402 Room, Building G, YangQuan Garden, Baozhou Road, Fengze Zone,
Quanzhou City, Fujian Province, China |
|
Tel: |
+86-595-2869-5181 |
|
Fax: |
+86-595-2869-5190 |
It is introduced
that subject has closed its MIAOLI OFFICE in Taiwan.
Core
Management
|
Name |
Fuquan Zhang |
|
Position |
Director |
Offices
& Factories
|
|
Headquarters |
|
Add |
l
Subject is a trader of footwear without any
production activities itself.
l
It is introduced that subject has cooperative
manufacturers (related companies) in the mainland of China, Indonesia and
Vietnam to deal with the production.
l
Dong Guan City Hou Jie Yi Chang Co.Ltd is
the specific sample developing center of subject, and its daily production
capacity of samples is 120 pair.
l
Subject supplies OEM service for sports and Leisure
Brands
Purchase
Information
l
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Import and export trading business |
|
-- |
Bidding, Price quoting and marketing service for
domestic and overseas customers of the relevant products. |
|
-- |
Sales and marketing of footwear and relevant
accessories. |
|
F118010 |
Wholesales of Information software |
|
F218010 |
Retails of Information software |
|
F113050 |
Wholesales of Routine machine equipment |
|
F213030 |
Retails of Routine machine equipment |
|
F401010 |
International trading Business |
|
I103010 |
enterprise management consulting |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
Subject purchases footwear mainly from its cooperative
manufactures and the raw materials are mainly purchased locally by its related
manufactures.
l
It is introduced that the subject and manufacturers
can purchase raw materials according to the customers’ demands.
l
The subject is mainly engaged in sales of footwear
for men, women and children.
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, Europe, Canada and USA, etc
l
It is introduced that 80%~85% of subject’s sales
are from European market.
l
Subject’s customers are mainly well-known footwear
brands such as UCLA, BOSS, ALDO, Japan Rags, Wrangler, TOPMAN, SCOTT, Lee
Cooper, Coolway, ICEBUG, PALLADIUM, Lady Dia, Tom Tailor, NASA, KOH-LANTA, 39
Pro, Bubble Gummers, Sektor, etc
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Purchase
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Footwear, etc |
Interior settlement, COD, etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Footwear, etc |
Interior settlement, CBD, etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Footwear |
CBD, etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Footwear |
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 declined to disclose the financials citing the grounds of
company’s confidentiality; from other source we can not obtain the relevant
information, either.
Subject declined to introduce 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.
|
Department |
Sales department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.53.71 |
|
UK Pound |
1 |
Rs.86.34 |
|
Euro |
1 |
Rs.69.23 |
INFORMATION DETAILS
|
Report Prepared
by : |
MNL |
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.