Global Full Investigation Sample

Rm 1801, 27-28Fl Fuli Kexun Edifice 638 Huangpu West Rd, Guangzhou, Guangdong 510627 Researched with care: 01/01/2024 For: Customer Name	Global Full Investigation GUANGFENG CANDILO STYLES AND ACCESSORIES CO LTD 廣豐卡尼德盧樣式與配件有限公司 China

Highlights

Company Identification Details

Website Details
Company Name	GUANGFENG CANDILO STYLES AND ACCESSORIES CO LTD⁽¹⁾
Name in Local Language	廣豐卡尼德盧樣式與配件有限公司
Country	China
Operating Address	Rm 1801, 27-28Fl Fuli Kexun Edifice 638 Huangpu West Rd, Guangzhou, Guangdong 510627

Website	http://www.candilo.com/
Status	Normal - operational
Ownership Type	Registered ownership by Subject Business Entity

Email	info@candilo.com invest@candilo.com
Telephone	[+86] 20-37573979 [+86] 20-83763787
Fax	[+86] 20-37573989 [+86] 20-37583833
Global Unique Key	P2514499
Factory address	1st St Xiasha Economic Development Zone, Yuexiu, Guangzhou, Guangdong 510087
Tel	[+86] 20-37581119
Fax	[+86] 20-37581112

Registration Details

Date of Registration	19 Jan, 2015
Registered Address	Rm 1801, 27-28Fl Fuli Kexun Edifice 638 Huangpu West Rd, Guangzhou, Guangdong 510627
License Number	940101120166369
Issuing Authority	ADMINISTRATION FOR INDUSTRY & COMMERCE (AIC) - Guangzhou
License Status	License exists - Normal.
Tax Number	44010649929668
Tax Issuing Authority	STATE ADMINISTRATION OF TAXATION (SAT)
Legal Form Category	Private Company with Limited Liability

Previous Business License/s

Historical License Date(s)	Historical License Number(s)
18 Jul, 2002	4401021502636
25 Feb, 2004	4401023005727
16 May, 2006	4491042009668

Key Facts

Company Status	Normal
Acronym	GCSA
Main Business Activity	Manufacturer
Main Industry Sector	Garments & Accessories
Capital	US$ 30,769,231
Staff	1,200

Key Financial Data

Currency:USD - US Dollar

Year	Turnover	Assets	Net Income
2015 Annual	7,504,825	41,039,090	2,398,327
2014 Annual	11,289,037	32,788,017	1,331,197
2013 Annual (*)	12,882,341	34,332,969	2,385,017

Note: (*)

Financials listed are the most recent available for this company.

Trends Turnover

2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
33.52%	12.37%	-	-	-	-	-	-	-	-

Note: (*)

Financials listed are the most recent available for this company.

Turnover & Procurement

Annual Sales Analysis	Percentage
Domestic Sales	70%
International Sales (Export)	30%

Annual Purchases Analysis	Percentage
Local Purchases	80%
Imports	20%

Sales Channel

Currently local sales are predominantly generated via the following channels:

Sales Channel	Sales Channel Ownership	Percentage
Direct sales to end-user /consumers - via sales team	Owned by SBE	30.00%
Retail outlets	Owned by SBE	70.00%

Ranking

Type	Coverage	Ranking Detail
Corporate Ranking	Domestic	Top 500 companies in China - Based on Turnover in 2015
Industry Ranking	Domestic	Top 50 companies within this industry sector in China in 2015

Quality Accreditation

Quality Accreditation Listings

#	Name	Accreditation Category
1	INTERNATIONAL STANDARDS ORGANIZATION (ISO)	9000:2008

Note

⁽¹⁾Legal status of the English corporate name
The English name of the Subject Business Entity (SBE) is a randomly selected translation / transliteration made by the owners of the SBE. It is not a registered English corporate name, but simply a translation / transliteration of the local language name.

Risk Analysis

Credit Score

Credit Assessment Factors

GCC's Credit risk assessment is gauged on 12 key business factors.
Each factor is assigned a rating and the total is aggregated and weighed
in consideration of any other influencing factors relevant to the final assessment.

These factors include :

Financial Status	Profitability	Industry sector & trends
Principals	Civil Litigation	Liabilities
Management	Scale of operations	Years in business & co history
Assets(real estate etc.)	Trade references & reputation	Family involvement & support

Maximum Credit

Maximum Recommended Credit	USD 20,000,000 based on 60 days

Adverse Events


Dishonored Checks		No Record Found


Debts		No Record Found


Civil Ligitations		1 Record Found

Civil Ligitations(1)

Position

Defendant

Other Parties Involved

Position	Country	Party's Name
Plaintiff	China	SENIOR STYLISTS & DISTRIBUTORS CO LTD

Case Issue

A petition to the Court claiming a sum of money amounting to RMB 600,000 (filed under case no. 00160).

Court

Supreme People's Court, China

Date Commenced

24 Jun, 2014

Status

Not stated


Performance Defaults		No Record Found


Adverse Local Media Coverage / Advers Filing History		No Record Found

Reputation

Reference checking for the purpose of establishing GUANGFENG CANDILO STYLES AND ACCESSORIES CO LTD's reputation within the respective industry failed to reveal any adverse information.

Previous orders from other customers

Date of Order	Industry in which customer operates	Maximum Credit Type (* / **)	Credit Amount	Period
4 Mar, 2016	Professional Services	MRC	USD 20,000,000	60 days
28 Oct, 2014	Professional Services	MRC	USD 5,000,000	90 days
23 Sep, 2013	Professional Services	MRC	USD 12,000,000	60 days
23 Oct, 2012	Professional Services	MRC	USD 10,500,000	60 days
13 Oct, 2011	Professional Services	ISC	USD 3,500,000	60 days
13 Oct, 2010	Professional Services	ISC	USD 4,000,000	30 days
21 Apr, 2010	Professional Services	ISC	USD 5,800,000	90 days

Note:
*	MRC	:	Max. Recommended Credit amount
**	ISC	:	Inquirer Specified Credit amount

Management & Corporate Structure

Shareholder Information

Direct Corporate Parent	:	GUANGFENG XINGHAI ZHENGBUNG INVESTMENTS CO LTD
Global Unique Key	:	P2514500
Legal Form	:	Private Company with Limited Liability
Country	:	China

Shareholders

Total number of shareholders	:	7
Total number of shares	:	200,000,000

No.	Shareholders	Country	Shares
No.	Shareholders	Country	Number	Amount (RMB)	%
1	GUANGFENG XINGHAI ZHENGBUNG INVESTMENTS CO LTD	China	106,000,000	106,000,000	53.00
2	Mr. Jong-Fay Lynn	China	42,000,000	42,000,000	21.00
3	Mr. Hu-Wi Yang	China	16,000,000	16,000,000	8.00
4	Mr. Kin-Yang Zang	China	10,000,000	10,000,000	5.00
5	Mr. Wui-Kang Wang	China	10,000,000	10,000,000	5.00
6	Mr. Xio-Yam Loi	China	10,000,000	10,000,000	5.00
7	GUANGZHOU ROOFING GROUP CO LTD	China	6,000,000	6,000,000	3.00
Total			200,000,000	200,000,000	100.00

Based on corporate statutory laws / regulations in China, there is no requirement for public disclosure of Shareholders.
However in the absence of data normally obtained from local Statutory Authorities, it is not possible to verify the accuracy of data supplied and hence is provided as reference ONLY.

Top Management

Function	:	Chairman
Name	:	Mr. Jong-Fay Lynn
Local Name	:	鐘菲林恩
Nationality	:	Chinese

Management

Management Listings

	Name	Personal Unique Identifier	Nationality	Job Description	Dept. / Division
1	Mr. Xio-Yam Loi	MI03309124	Chinese	Supervisor	-
2	Mr. Jong-Fay Lynn	MI03309121	Chinese	Chief Executive Officer - CEO	-
3	Mr. Wui-Kang Wang	MI03309125	Chinese	General Manager	-
4	Mr. Kin-Yang Zang	MI03309126	Chinese	Chief Financial Officer - CFO	-

Financial Information

Capital(Currency: RMB - Renminbi)

Currency: RMB - Renminbi

Share Value	:	¥ 1.00
Authorized Capital	:	¥ 200,000,000.00
Paid-up Capital	:	¥ 200,000,000.00

Detailed Financials Statement

Balance Sheet

Currency	:	RMB
Denomination	:	1
Financial Year Ending	:	December

Financial Highlights	2015 Annual	2014 Annual	2013 Annual
Non Current Liabilities(*)	675,482,567.00	319,360,607.00	244,358,132.00
Share Capital(*)	200,000,000.00	200,000,000.00	200,000,000.00
Non Current Assets(*)	1,500,480,480.00	815,848,232.00	626,339,696.00
Assets
Current Assets(*)	1,178,140,919.00	1,217,008,799.00	1,503,334,363.00
Total Assets(*)	2,678,621,399.00	2,032,857,031.00	2,129,674,059.00
Liabilities
Current Liabilities(*)	626,513,448.00	409,518,272.00	558,808,816.00
Total Liabilities(*)	1,301,996,015.00	728,878,879.00	803,166,948.00
Owner's Equity
Shareholders Funds(*)	1,376,625,384.00	1,303,978,152.00	1,326,507,111.00

Note: (*)

Financial Highlights

Income Statement

Currency	:	RMB
Denomination	:	1
Financial Year Ending	:	December

Financial Highlights	2015 Annual	2014 Annual	2013 Annual
Turnover(*)	489,839,957.00	699,920,278.00	799,091,591.00
Profit (Loss) Before Tax(*)	162,403,877.00	87,072,616.00	172,891,340.00
Profit After Tax attributable to Shareholders(*)	156,538,802.00	82,534,224.00	147,942,589.00

Note: (*)

Financial Highlights

Financial Ratios

Financial Highlights	2015 Annual	2014 Annual	2013 Annual
Growth %
Year-on-Year Growth	(30.01)	(12.41)	-
Profitability
Profit Margin (%)	31.96	11.79	18.51
Return on Equity (%)	11.37	6.33	11.15
Return on Assets (%)	5.84	4.06	6.95
Leverage
Total Debt Equity (Times)	0.95	0.56	0.61
Current Debt Equity (Times)	0.46	0.31	0.42
Long Term Debt to Equity	0.49	0.24	0.18
Total Asset To Total Equity	1.95	1.56	1.61
Asset Management
Total Assets Turnover (Times)	0.18	0.34	0.38
Fixed Assets Turnover (Times)	0.33	0.86	1.28
Liquidity
Current Ratio	1.88	2.97	2.69

Banking Details

Banking Details(1)

Bank

GUANGZHOU CITY COMMERCIAL BANK

Global Unique Identifier

P0345469

Branch

GUANGZHOU CITY COMMERCIAL BANK, CHEBEI RD

Branch Address

Chebei Rd

SWIFT Code

GDBKCN22

#	Account Number
1	82070115910291230

Payment Terms

Selling

Type	Terms
Local	Cash on delivery (COD) Credit - Unsecured 30~60 days
Export	Documents against Acceptance (D/A) Letter of Credit (At-sight)

Procurement

Type	Terms
Import	Letter of Credit (At-sight) Telegraphic Transfer (T/T) - Executed at time of transaction
Local	Credit - Unsecured 30~60 days Cash on delivery (COD)

Customer & Supplier Network

Domestic Customers

Global Unique Key	Domestic Customer Name
P2514527	FANG LONG COMMERCIAL & TRADE CO LTD
P2514526	GUANGZHOU GRANDY FASHION CO LTD

Domestic Suppliers

Global Unique Key	Domestic Supplier Name
P2514520	CHANGZHOU DONGCHAN GARMENTS CO LTD
P2514521	DONG GUAN JINJIA APPARELS CO LTD
P2514524	SUZHOU KING GARMENTS CO LTD
P2514525	XINXIULI INT'L DISTRIBUTION (NINGBO) CO LTD

International Customers

Global Unique Key	International Customer Name	Country
P2514519	BB KREMA (AUSTRALIA) PTY LTD	Australia
P2514517	CANDILO FASHION & ACCESSORIES (HONG KONG) CO LTD	Hong Kong
P2514518	SUMMER TIME GARMENTS AND ACCESSORIES INC	USA

International Suppliers

Global Unique Key	International Supplier Name	Country
P2514503	BALLY DISTRIBUTION AG	Switzerland
P2514504	BRITISH AMERICAN TEXTILES PLC	United Kingdom

Import / Export

Country / Region	Estimated level of importance	Trading Activity
Asia / Pacific	Medium	Exporting
Europe	Medium	Importing
North America	Medium	Exporting
Australia	Medium	Exporting
Hong Kong	Medium	Exporting
Switzerland	Medium	Importing
USA	Medium	Exporting
United Kingdom	Medium	Importing

Product, Brands & Trademark

Key Products

Products / Materials / Services Description	Activity
Casual clothing	Manufacturing, Exporting
Clothing, feather	Manufacturing, Exporting
Garments	Manufacturing, Exporting
Leather garments	Manufacturing, Exporting

Product Classification (SIC) & Activity

Product/Service Description	Code	Activity
Apparel and accessories, nspf	2389	Manufacturing, Exporting
Apparel/Other Textile Products	2300	Manufacturing, Exporting
Leather and Leather Products	3100	Manufacturing, Exporting
Leather goods, nspf	3199	Manufacturing, Exporting
Textile goods, nspf	2299	Manufacturing, Exporting

Standardized Product Classification & Activity

Product/Service Description	Code	Activity
Articles of apparel	4203100090	Manufacturing, Exporting
Articles of apparel & access, leather & comp leather	4203	Manufacturing, Exporting
Articles of leather	4205	Manufacturing, Exporting
Garments nesoi, knitted or crocheted	6114	Manufacturing, Exporting

Main Business Description

Main Business

The primary business focus of GUANGFENG CANDILO STYLES AND ACCESSORIES CO LTD is Manufacturing - Finished products .

Key products include:

Garments
Leather garments
Casual clothing
Clothing, feather

An integral part of the core business includes:

Distribution

Supplementary Business

In addition to the core business, GUANGFENG CANDILO STYLES AND ACCESSORIES CO LTD also is engaged in the following areas of business:

Exporting

Exporting - Finished products

Importing

Importing - Raw Materials

Brands & Trademarks

Brands & Trademarks - 1
Brands & Trademarks	:	CANDILO

Brands & Trademarks - 2
Brands & Trademarks	:	GCSA APPARELS

Others

Property Information

The following property / ies are owned by GUANGFENG CANDILO STYLES AND ACCESSORIES CO LTD :

Property Information(1)
Property Name	:	GUANGFENG CANDILO STYLES AND ACCESSORIES CO LTD - GUANGZHOU, GUANGDONG
Type of Property	:	Office & Factory compound
Address	:	Rm 1801, 27-28Fl Fuli Kexun Edifice 638 Huangpu West Rd, Guangzhou, Guangdong 510627
Office Size	:	3,000 Square meters

Trade Shows

Exhibition	Acronym	Country	Participating Year
ACLE - All China Leather Exhibition	n/a	China	2010
China Fabrics & Accessories Expo - Int'l Fabrics, Apparel Accesories & Materials Exhibition for China	n/a	China	2012

Local Branches & Management

Local Branches & Management 1

Branch

GUANGFENG CANDILO STYLES AND ACCESSORIES CO LTD - BAIYUN DIST, GUANGZHOU

Branch Address

Baiyun Airport 1st Branch (P44 Baiyun International Airport), Dist, Guangzhou, Guangdong, Baiyun Dist, Guangzhou, Guangdong 201206

Primary use of location

#1.	Retail outlet

Local Branches & Management 2

Branch

GUANGFENG CANDILO STYLES AND ACCESSORIES CO LTD - YUEXIU, GUANGZHOU

Branch Address

1Fl China Grand Hotel R122-124 Liuhua Rd, Yuexiu, Guangzhou, Guangdong 510095

Primary use of location

#1.	Retail outlet

Subsidiaries & Related Parties

The following provides a summary of the number of businesses that are related to GUANGFENG CANDILO STYLES AND ACCESSORIES CO LTD:

TYPE	DOMESTIC
TYPE	TOTAL
Subsidiaries	3
Joint-Ventures	-
Minority shareholdings	-
Affiliates	-
Liaison / Representative Offices	-


Domestic

Domestic(1)
Company Name	:	CHINESE CLOTHINGS AND ACCESSORIES CORP
Global Unique Key	:	P2514532
Relationship	:	Subsidiary

Domestic(2)
Company Name	:	HANGZHOU CLOTHING CO LTD
Global Unique Key	:	P2514530
Relationship	:	Subsidiary

Domestic(3)
Company Name	:	ZHONGCE LEATHER APPARELS (FUYANG) CO LTD
Global Unique Key	:	P2514531
Relationship	:	Subsidiary

Competitors

The following is a representative list of local competitors:

Company Name	Global Unique Key
GUANGZHOU BA'E STYLES & ACCESSORIES CO LTD	P2514528
GUANGZHOU JINYU STYLES & ACCESSORIES CO LTD	P2514529

Factories, Size, & Locations

The following information relates to the Business Entity's factory as listed above:

Factories, Size, & Locations(1)
Name	:	GUANGFENG CANDILO STYLES AND ACCESSORIES CO LTD - YUEXIU, GUANGZHOU
Building Size	:	1,500 Square meters
Type of Location	:	Commercial Bldg
Address	:	1st St Xiasha Economic Development Zone, Yuexiu, Guangzhou, Guangdong 510087
Ownership of Property	:	Rented / Leased
Status	:	Operational

Approved Signatures

The Company Director/s listed below maintain the legal right to sign on behalf of the company:

Name
Mr. Jong-Fay Lynn
Mr. Wui-Kang Wang

Associations

GUANGFENG CANDILO STYLES AND ACCESSORIES CO LTD are members of the following associations:

Domestic Associations

Association Name
CHINA NATIONAL TEXTILE & APPAREL COUNCIL - CNTAC

Historical Company Data

Historical Name(s)

Company Name	since
GUANGFENG YISHILU DISTRIBUTION CO LTD	18 Jul, 2002
GUANGFENG CANDILO STYLES & ACCESSORIES CO LTD	24 Dec, 2008

Capital History

Currency: RMB - Renminbi

Date	Authorized Capital History
13 Jun, 2015	200,000,000
20 Mar, 2012	100,000,000
10 Jun, 2010	35,000,000
20 May, 2008	20,000,000
9 Aug, 2005	10,000,000
25 Feb, 2004	2,000,000
18 Jul, 2002	500,000

Date	Paid up Capital History
13 Jun, 2015	200,000,000
20 May, 2012	100,000,000
10 Jun, 2010	35,000,000
20 May, 2008	20,000,000
9 Aug, 2005	10,000,000
25 Feb, 2004	1,800,000
18 Jul, 2002	300,000

Historical Company History

Date	Details
2002 - Jul	Established as a Private Company with Limited Liability.
2008 - Dec	Changed legal form to Joint Stock Company.
2012 - Feb	Changed legal form to Private Company with Limited Liability.

Historical Contact Details

Historical Contact Details 1
Company Address	:	Rm 2411, 33 Jianshe 6 Rd, Dist, Guangzhou, Guangdong, Dongshan Dist, Guangzhou, Guangdong
Date of Relocation	:	25 Feb, 2004

END OF REPORT

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