|
Report Date : |
18.07.2013 |
IDENTIFICATION DETAILS
|
Name : |
EVER RICH D.F.S. CORPORATION |
|
|
|
|
Registered Office : |
No.1, Lane 60, Sec. 3, Mincyuan E. Rd., Jhongshan District, Taipei City 104 |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
17.08.1995 |
|
|
|
|
Com. Reg. No.: |
89400818 |
|
|
|
|
Legal Form : |
Joint Stock Company |
|
|
|
|
Line of Business : |
Trading of wines, tobacco, cosmetic products, perfume, clothes, accessories and foods. |
|
|
|
|
No. of Employees : |
About 4,500 Employees |
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 : |
Good |
|
Payment Behaviour : |
Regular |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Taiwan |
A2 |
A2 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
TAIWAN - ECONOMIC OVERVIEW
Taiwan has a dynamic capitalist economy with gradually decreasing
government guidance of investment and foreign trade. Exports, led by
electronics, machinery, and petrochemicals have provided the primary impetus
for economic development. This heavy dependence on exports exposes the economy
to fluctuations in world demand. In 2009, Taiwan's GDP contracted 1.8%, due
primarily to a 13.1% year-on-year decline in exports. In 2010 GDP grew 10.7%,
as exports returned to the level of previous years, and in 2011, grew 4.0%. In
2012, however, growth fell to 1.3%, because of softening global demand.
Taiwan's diplomatic isolation, low birth rate, and rapidly aging population are
major long-term challenges. Free trade agreements have proliferated in East
Asia over the past several years, but except for the landmark Economic Cooperation
Framework Agreement (ECFA) signed with China in June 2010, so far Taiwan has
been excluded from this greater economic integration in part because of its
diplomatic status. Negotiations continue on such follow-on components of ECFA
regarding trade in goods and services. The MA administration has said that the
ECFA will serve as a stepping stone toward trade pacts with other key trade
partners, which Taiwan subsequently launched with Singapore and New Zealand.
Taiwan's Total Fertility rate of just over one child per woman is among the
lowest in the world, raising the prospect of future labor shortages, falling
domestic demand, and declining tax revenues. Taiwan's population is aging
quickly, with the number of people over 65 accounting for 11.2% of the island's
total population as of 2012. The island runs a large trade surplus largely
because of its surplus with China, and its foreign reserves are the world's
fifth largest, behind China, Japan, Saudi Arabia, and Russia. In 2006 China
overtook the US to become Taiwan's second-largest source of imports after
Japan. China is also the island's number one destination for foreign direct
investment. Three financial memorandums of understanding, covering banking,
securities, and insurance, took effect in mid-January 2010, opening the island
to greater investments from the mainland's financial firms and institutional
investors, and providing new opportunities for Taiwan financial firms to
operate in China. In August 2012, Taiwan Central Bank signed a memorandum of
understanding on cross-Strait currency settlement with its Chinese counterpart.
The MOU allows for the direct settlement of Chinese RMB and the New Taiwan
dollar across the Strait, which could help develop Taiwan into a local RMB hub.
Closer economic links with the mainland bring greater opportunities for the
Taiwan economy, but also poses new challenges as the island becomes more
economically dependent on China while political differences remain unresolved.
Source
: CIA
|
Company Name: |
|
|
Former Name: |
Everrich D.F.S.
Corporation |
|
Supplied Name: |
|
|
Trading Address: |
No 289, Shin-Hu, 2nd Road, Nei Hu District
11494 Taipei City, R.O.C. Taiwan |
|
Supplied Address: |
NO 289, SHIN-HU, 2ND RD NEI-HU DISTRICT
11494 TAIPEI CITY, R.O.C. TAIWAN |
|
+886-2-8178-5518 |
|
|
Fax Number: |
Notes: The exact name and address are as above.
|
Credit Opinion: |
Subject was incorporated on 1995-8-17 with registered
number 89400818 as Joint Stock Company in Taiwan.
Change of Name
|
Former English
Name |
Everrich D.F.S.
Corporation |
|
Current English
Name |
Ever Rich D.F.S. Corporation |
|
Name |
Subscription Shares |
|
Songhua Jiang |
11,500,000 |
|
Zheyan Zhu |
|
|
11,500,000 |
|
|
Yongliao Investment Co Ltd (Liberal Translation) |
11,500,000 |
|
Jianting Jiang |
27,600,000 |
|
Guokai Investment Co Ltd (Liberal Translation) |
34,500,000 |
|
Chairworks Development Limited |
57,500,000 |
The information above
is that of subject’s major shareholders.
Branch Companies
|
1 |
|
|
Name |
Hualien Airport Branch |
|
Address |
Airport No.1,
Chia-Li Village , Hsin-Cheng Township , Hualien ,Taiwan 97144, R.O.C |
|
Registration
Number |
53671219 |
|
Date of
Registration |
2013-5-21 |
|
Status |
Live Company |
|
Manager Name |
|
|
Telephone Number: |
+886-800-098-668 |
|
Date of Last
Annual Return |
-- |
|
2 |
|
|
Name |
Taichung Airport
Branch 1 |
|
Address |
No.42, Zhongqing
Rd., Shalu Dist., Taichung City 43346, Taiwan (R.O.C.) |
|
Registration
Number |
53665933 |
|
Date of
Registration |
2013-2-23 |
|
Status |
Live Company |
|
Manager Name |
|
|
Telephone Number: |
+886-4-2615-5333 |
|
Date of Last
Annual Return |
-- |
|
3 |
|
|
Name |
Taipei SongShan
Airport Branch |
|
Address |
No.340-9, Dunhua
N. Rd., Songshan Dist., Taipei City 10548, Taiwan (R.O.C.) |
|
Registration
Number |
53657482 |
|
Date of
Registration |
2012-9-18 |
|
Status |
Live Company |
|
Manager Name |
Songhua Jiang |
|
Telephone Number: |
+886-2-2546-7588 |
|
Date of Last
Annual Return |
-- |
|
4 |
|
|
Name |
Ever Rich Duty
Free Plaza |
|
Address |
No.129,
Jinzhuang Rd., Neihu Dist., Taipei City 11469, Taiwan (R.O.C.) |
|
Registration
Number |
53656202 |
|
Date of
Registration |
2012-8-30 |
|
Status |
Live Company |
|
Manager Name |
Songhua Jiang |
|
Date of Last
Annual Return |
-- |
|
5 |
|
|
Name |
Keelung Branch |
|
Address |
2F., No.1,
Zhongzheng Rd., Zhongzheng Dist., Keelung City, Taiwan (R.O.C.) |
|
Registration
Number |
53006088 |
|
Date of
Registration |
2011-1-21 |
|
Status |
Live Company |
|
Manager Name |
Songhua Jiang |
|
Date of Last
Annual Return |
-- |
|
6 |
|
|
Name |
Taoyuan Branch |
|
Address |
1-1, Hangzhan S.
Rd., Dayuan Township, Taoyuan County 33758, Taiwan (R.O.C.) |
|
Registration
Number |
28998862 |
|
Date of
Registration |
2010-8-3 |
|
Live Company |
|
|
Manager Name |
Songhua Jiang |
|
Date of Last
Annual Return |
-- |
|
7 |
|
|
Name |
Minquan Branch |
|
No.66, Sec. 3,
Minquan E. Rd., Zhongshan Dist., Taipei City, Taiwan (R.O.C.) |
|
|
Registration
Number |
28995078 |
|
Date of
Registration |
2010-5-4 |
|
Status |
Live Company |
|
Manager Name |
Songhua Jiang |
|
Date of Last
Annual Return |
-- |
|
8 |
|
|
Name |
Taiwan Taoyuan
International Airport Branch |
|
No.15, Hangzhan
S. Rd., Dayuan Township, Taoyuan County 33758, Taiwan (R.O.C.) |
|
|
Registration
Number |
28984831 |
|
Date of
Registration |
2009-10-12 |
|
Status |
Live Company |
|
Manager Name |
Songhua Jiang |
|
Telephone Number: |
+886-3-398-2333 |
|
Date of Last
Annual Return |
2010-4-14 |
|
9 |
|
|
Name |
Kaohsiung Branch |
|
Address |
No.2, Jhongshan
4th Rd., Siaogang District, Kaohsiung City 812, Taiwan (R.O.C.) |
|
Registration Number |
28979957 |
|
Date of
Registration |
2009-6-17 |
|
Status |
Live Company |
|
Manager Name |
Songhua Jiang |
|
Telephone Number: |
+886-7-805-7085 |
|
Date of Last
Annual Return |
2010-4-14 |
|
10 |
|
|
Name |
Taichung Airport
Branch 2 |
|
Address |
No.42, Zhongqing
Rd., Shalu Dist., Taichung City 43346, Taiwan (R.O.C.) |
|
Registration
Number |
28979942 |
|
Date of
Registration |
2009-6-17 |
|
Status |
Live Company |
|
Manager Name |
Songhua Jiang |
|
Date of Last
Annual Return |
2010-4-17 |
|
11 |
|
|
Name |
Taipei Branch 2 |
|
Address |
No.340, 9-10,
Dunhua N. Rd., Songshan Dist., Taipei City 10548, Taiwan (R.O.C.) |
|
Registration
Number |
28971511 |
|
Date of
Registration |
2008-11-14 |
|
Live Company |
|
|
Manager Name |
Songhua Jiang |
|
Date of Last
Annual Return |
2010-4-14 |
|
12 |
|
|
Name |
Taoyuan Branch 3 |
|
No.15, Hangzhan
S. Rd., Dayuan Township, Taoyuan County 33758, Taiwan (R.O.C.) |
|
|
Registration
Number |
28483105 |
|
Date of
Registration |
2007-4-2 |
|
Dated of
Dissolved |
2010-7-29 |
|
Status |
Dissolved |
|
Manager Name |
Songhua Jiang |
|
Date of Last
Annual Return |
2010-4-14 |
|
13 |
|
|
Name |
Kinmen Branch |
|
Address |
1F., No.5, Sec.
1, Xihai Rd., Jincheng Township, Kinmen County 89346, Taiwan (R.O.C.) |
|
Registration
Number |
27959638 |
|
Date of
Registration |
2005-10-14 |
|
Status |
Live Company |
|
Manager Name |
Songhua Jiang |
|
Telephone Number: |
+886-82-32-2733 |
|
Date of Last
Annual Return |
2010-4-14 |
|
14 |
|
|
Name |
General
Administration Branch |
|
Address |
6F., No.289,
Xinhu 2nd Rd., Neihu Dist., Taipei City, Taiwan (R.O.C.) |
|
Registration
Number |
27364691 |
|
Date of
Registration |
2004-9-22 |
|
Status |
Live Company |
|
Manager Name |
Songhua Jiang |
|
Date of Last
Annual Return |
2010-4-14 |
|
15 |
|
|
Name |
Taipei Branch |
|
Address |
1F, 2/F, No.289,
Xinhu 2nd Rd., Neihu Dist., Taipei City, Taiwan (R.O.C.) |
|
Registration
Number |
27360415 |
|
Date of
Registration |
2004-9-9 |
|
Status |
Live Company |
|
Manager Name |
Songhua Jiang |
|
Date of Last Annual
Return |
2010-4-14 |
|
16 |
|
|
Name |
Zhongzheng
Branch |
|
Address |
No.9, Hangzhan
S. Rd., Dayuan Township, Taoyuan County 33758, Taiwan (R.O.C.) |
|
Registration
Number |
80649325 |
|
Date of
Registration |
2003-12-4 |
|
Status |
Live Company |
|
Manager Name |
Songhua Jiang |
|
Date of Last
Annual Return |
2010-4-14 |
|
17 |
|
|
Name |
Taoyuan Branch 2 |
|
Address |
No.15, Hangzhan
S. Rd., Dayuan Township, Taoyuan County 33758, Taiwan (R.O.C.) |
|
Registration
Number |
80649319 |
|
Date of
Registration |
2003-12-4 |
|
Status |
Dissolved |
|
Date of
dissolved |
2010-1-13 |
|
Manager Name |
Songhua Jiang |
|
Date of Last
Annual Return |
2010-4-14 |
|
18 |
|
|
Name |
Taoyuan Branch
Company |
|
Address |
No.15, Hangzhan S.
Rd., Dayuan Township, Taoyuan County 33758, Taiwan (R.O.C.) |
|
Registration
Number |
80344246 |
|
Date of
Registration |
2002-9-30 |
|
Status |
Dissolved |
|
Date of
dissolved |
2009-10-29 |
|
Manager Name |
Songhua Jiang |
|
Date of Last
Annual Return |
-- |
|
19 |
|
|
Name |
Kinmen Branch
Company |
|
Address |
8F., No.43,
Minsheng Rd., Jincheng Township, Kinmen County, Taiwan (R.O.C.) |
|
Registration
Number |
80332895 |
|
Date of
Registration |
2002-5-2 |
|
Status |
Live Company |
|
Manager Name |
Songhua Jiang |
|
Date of Last
Annual Return |
2010-4-14 |
|
20 |
|
|
Name |
Taipei Branch
Company |
|
Address |
Underground 1F.,
No.72, Sec. 3, Minquan E. Rd., Zhongshan Dist., Taipei City, Taiwan (R.O.C.) |
|
Registration
Number |
16091532 |
|
Date of
Registration |
1997-9-4 |
|
Status |
Live Company |
|
Manager Name |
Songhua Jiang |
|
Date of Last
Annual Return |
2010-4-14 |
|
21 |
|
|
Name |
Kaohsiung Branch
Company |
|
Address |
No.2, Jhongshan
4th Rd., Siaogang District, Kaohsiung City 812, Taiwan (R.O.C.) |
|
Registration
Number |
16084602 |
|
Date of
Registration |
1997-6-13 |
|
Date of
dissolved |
2000-1-20 |
|
Status |
Dissolved |
|
Manager Name |
Delin Chen |
|
Date of Last
Annual Return |
1998-7-8 |
Core
Management
Directors
|
1 |
|
|
Name |
Songhua Jiang |
|
Position |
Board Chairman |
|
Date of
Appointment |
2007-7-1 |
|
2 |
|
|
Name |
Zheyan Zhu |
|
Position |
Director |
|
3 |
|
|
Name |
Xixian Wu |
|
Position |
Director |
|
4 |
|
|
Name |
Jianting Jiang |
|
Position |
Director |
|
5 |
|
|
Name |
Guokai
Investment Co Ltd (Liberal Translation) |
|
Position |
Director |
|
6 |
|
|
Name |
Jingyuan Li |
|
Position |
Supervisor |
Personnel
Structure
|
Total Employees |
About 4,500 Employees |
Offices
& Factories
|
|
Headquarters |
|
Add |
No 289, Shin-Hu, 2nd Road, Nei Hu District 11494 Taipei City, R.O.C.
Taiwan |
Production
Information
l
Subject is a trader of wines, tobacco, cosmetic products, perfume, clothes, accessories and
foods, etc without any production activities
Purchase Information
l
The registered activities of subject:
|
Business Code |
Details |
|
F115010 |
Wholesales of jewelry and precious metal. |
|
F215010 |
Retails of jewelry and precious metal. |
|
F108040 |
Wholesales of cosmetic. |
|
F208040 |
Retails of cosmetic. |
|
F104110 |
Wholesales of cloth, wearing, shoe, cap, umbrella
and fumishings. |
|
F204110 |
Retails of cloth, wearing, shoe, cap, umbrella
and fumishings. |
|
F110010 |
Wholesales of clock and watch. |
|
F210010 |
Retails of clock and watch. |
|
F106050 |
Wholesales of ceramics and glassare. |
|
F102170 |
Wholesales of food and other products. |
|
F102020 |
Wholesales of edible oil and fat. |
|
F203010 |
Retails of food and drink. |
|
F102030 |
Wholesales of cigarette and wine. |
|
F203020 |
Retails of cigarette and wine. |
|
F105050 |
Wholesales of furniture, sleeping supplies,
kitchen utensil and furnish goods. |
|
F205040 |
Retails of furniture, sleeping supplies, kitchen
utensil and furnish goods. |
|
F301010 |
The department store. |
|
F399990 |
Other comprehensive retails. |
|
ZZ99999 |
Besides licensed business, all other business
items those are not banned or restricted. |
l
It is introduced that subject purchases its
products both at home and abroad.
l
The subject is mainly engaged in sales of wines, tobacco, cosmetic products, perfume,
clothes, accessories and foods, etc.
l
It is introduced that
subject’s selling territory is mainly in domestic market.
l
It is introduced that
subject’s major customers are direct customers and etc.
l
It is introduced that
subject is selling products with many brands, such as Bally, Burberry, Bvlgari,
Celine, Coach, Daks, Dunhill, Fendi, Gucci, Hermes, Hunting World, Longchamp,
Prada, Samsonite, YSL, Salvatore Ferragamo, Tiffany co, TODs, Omega, Piaget,
Swatch, Swarovski, Folli Follie, Anna Sui, Chanel, Christian Dior, Elizabeth
Arden, Estee Lauder, La Mer, La Prairie, Lancôme, Shiseido, Shu Uemura, Sisley,
SKII, YSL, Homee Kitchen, Espressamente Illy Coffee, and etc.
l
It is introduced that
subject trade as the duty free shop in Taiwan.
Import and export
right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Payment Terms |
Proportion |
|
|
Wines, tobacco, cosmetic products, perfume, clothes, accessories and
foods, etc. |
COD, CBD and etc |
100% |
Foreign Purchase
|
Payment Terms |
Proportion |
|
|
Wines, tobacco, cosmetic products, perfume, clothes, accessories and
foods, etc. |
CBD and etc |
100% |
Sales
Domestic Markets
|
Sales Terms |
Proportion |
|
|
Wines, tobacco, cosmetic products, perfume, clothes, accessories and
foods, etc. |
COD, CBD and etc |
100% |
Export
|
Sales Terms |
Proportion |
|
|
Wines, tobacco, cosmetic products, perfume, clothes, accessories and
foods, etc. |
CBD and 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 Ms. Sun 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
cannot 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 |
Ms. Sun |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.59.36 |
|
|
1 |
Rs.89.69 |
|
Euro |
1 |
Rs.77.98 |
INFORMATION DETAILS
|
Report
Prepared by : |
PRL |
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.