|
Report Date : |
10.01.2014 |
IDENTIFICATION DETAILS
|
Name : |
ISABELLE
INTERNATIONAL FASHION ASSOCIATES CO., LTD. |
|
|
|
|
Registered Office : |
No. 118, Dah-An
Road, Sec.1, Taipei City, |
|
|
|
|
Country : |
Taiwan |
|
|
|
|
Date of Incorporation : |
27.07.1984 |
|
|
|
|
Com. Reg. No.: |
07726014 |
|
|
|
|
Legal Form : |
Private Limited
Liability Company |
|
|
|
|
Line of Business : |
Subject is engaged
in Design and Sale of garment and accessories |
|
|
|
|
No. of Employees : |
50 |
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 |
|
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, 2013
|
Country Name |
Previous Rating (30.06.2013) |
Current Rating (30.09.2013) |
|
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: |
|
|
Supplied Name: |
|
|
Trading Address: |
|
|
Supplied Address: |
|
|
Telephone Number: |
+886-2-8861-3778 |
|
Fax Number: |
Notes: The exact
name and address are as above.
|
Registered Name: |
Isabelle
International Fashion Associates Co., Ltd. |
|
Registered
Address: |
No. 118, Dah-An Road,
Sec.1, Taipei City, Taiwan |
|
Date of
Foundation: |
1984-7-27 |
|
Registration
Number: |
07726014 |
|
Registry: |
Taipei City
Government |
|
Registered
Capital: |
(As of 2014.01, 1
NTD = 0.0340 USD) |
|
Legal Representatives: |
Qingzhu Wen |
|
Legal Form: |
|
|
Principal
Activities: |
|
|
Staff: |
|
|
Listed at Stock Exchange: |
|
|
Date of Last Annual Return: |
Subject was incorporated on 1984-7-27 with registered number 07726014 as Private Limited Liability Company in Taiwan.
|
Name |
Subscription Amount |
|
Qingzhu Wen |
6,500,000 |
The information above is that of subject’s major shareholders.
Stores
|
1 |
|
|
Address |
1/F., No.15, Sec 4, Ren-Ai Road, Taipei City, Taiwan, R.O.C. |
|
Telephone Number |
+886-2-2779-1150 |
|
2 |
|
|
Address |
No.97, Sec 1, Anhe Road, Taipei City, Taiwan, R.O.C. |
|
Telephone Number |
+886-2-2705-6740 |
|
3 |
|
|
Address |
4/F., No.300, Sec 3, Zhongxiao East Road, Taipei City, Taiwan |
|
4 |
|
|
Address |
G/F., No.245, Sec 1, Dunhua South Road, Taipei City, Taiwan |
|
5 |
|
|
Address |
2/F., No.14, Nanjing East Road, Taipei City, Taiwan |
|
6 |
|
|
Address |
No.758, Sec 6, Chung Shan North Road, Taipei City, Taiwan |
Core Management
|
Name |
Qingzhu Wen |
|
Position |
Director |
Personnel Structure
|
Total Employees |
About 50 Employees |
Offices & Factories
|
|
Headquarters |
|
Add |
Production Information
Subject is engaged in design and sale of garment and accessories, etc.
It is introduced that subject has cooperative factories in Taiwan for production.
Purchase Information
The registered activities of subject:
|
Business Code |
Details |
|
-- |
Wholesale of garments, shoes, accessories, brooches and earrings |
|
-- |
Responsible all import and export trading and offer guarantee to others cooperation for above mentioned affairs. |
|
-- |
An agent that assists in developing quoting, bidding and distributing about above mentioned products |
|
I401010 |
Advertising service |
|
I501010 |
Product design |
|
I502010 |
Costume design |
|
IZ04010 |
Translation industry |
|
J303010 |
Magazine industry |
|
J304010 |
Book industry |
|
JZ99080 |
Barbar and beauty services |
|
ZZ99999 |
Besides licensed business, all other business items those are not banned or restricted |
It is introduced that subject imports some textile and garment accessories from abroad such as South Korea, Japan, Southeast Asia and Europe, etc.
Subject is engaged in sale of garment and accessories, etc.
Subject has stores and outlets in Taipei, Taiwan.
Subject has its own designer brand “Isabelle Wen”.
Subject’s sales region is mainly in Taiwan domestic market.
Import and export right:
|
Import right |
Yes |
|
Export right |
Yes |
Domestic Purchase
|
Terms |
Proportion |
|
|
Textile and accessories, etc |
Cash, T/T, etc |
100% |
Foreign Purchase
|
Terms |
Proportion |
|
|
Textile and accessories, etc |
L/C, T/T, etc |
Sales
Domestic Markets (Taiwan)
|
Terms |
Proportion |
|
|
Garment and accessories |
Cash, T/T, etc |
100% |
Export
Subject has little
export.
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. Tong 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
|
1 |
|
|
Trial Number: |
2008, Beilaojian,
8 |
|
Date of Trial: |
2008-6-4 |
|
Reason: |
Severance pay |
|
Claimant: |
Not Stated |
|
Defendant: |
Isabelle
International Fashion Associates Co., Ltd. |
|
2 |
|
|
Trial Number: |
2008, Beilaojian,
8 |
|
Date of Trial: |
2008-4-29 |
|
Reason: |
Severance pay |
|
Claimant: |
Not Stated |
|
Defendant: |
Isabelle
International Fashion Associates Co., Ltd. |
|
Name |
Ms. Tong |
|
Department |
Sales Department |
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.18 |
|
|
1 |
Rs.102.31 |
|
Euro |
1 |
Rs.84.50 |
INFORMATION DETAILS
|
Report Prepared
by : |
NIS |
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.