Semir day IPO will burst over 3.0 billion tax evasion investigation by tax authorities

 Semir clothing apparel industry business structure is a typical asset-light model, do not own production facilities, production from other factories manufacturing clothing; in sales channels, must Most rely on distributors to join, that is, the person familiar with the alleged agents, the number of directly managed retail stores had little in recent years gradually increased.

an insider, 2010, Semir dress was indeed due to report suspected tax evasion, and thus assist in the tax departments for investigation. The reason is to assist in the investigation because of suspected tax evasion is part of the dress Semir agents, not Semir clothing, dress in Wenzhou Semir is the local taxpayer.

 HC apparel network 24, the Commission reviewed Zhejiang Semir Clothing Co., Ltd. (hereinafter referred to as home tax authority investigation. In this regard, Deputy General Manager denied Semir clothing. But the problem seems not entirely groundless.

Semir clothing Deputy General Manager Zheng Hongwei the The facts do not exist, saying the rumors are not common sense.

The media reports also said that for in the mischief, the truth is not so.

learned that these people joined the dealers, financial, and material power of the deployment in their own hands, the right to interfere Semir costumes, costumes of the franchise dealers Semir The major impact of the facade in the store layout, display of goods and so on.

Zheng Hongwei, said: .

starting prospectus (draft report) shows that Semir clothing established in 2002, 2007, 2008, 2009, three years of operating income 18.2 billion, 3.32 billion yuan, 42.5 billion yuan, calculated from the data, from 2002 to 2009, Semir dress up all the income is undoubtedly less than 1,000 yuan.

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24 days a media report, an employee claimed to have left Semir costumes, including the National Tax Administration to more than the national tax authorities, including the clothing in 2003 reported Semir to 2009 about 30 billion of tax evasion, tax authorities more than 10 reports were investigated, some tax authorities to report information that is true.

Zheng Hongwei said it was unclear who is dress Semir reported tax evasion, but the application has been starting Semir dress audit by the Commission, that the relevant departments of the dress Semir After investigation, the situation is recognized.

Semir dress according to data released by 1 June 2010, 2009, 2008, 2007, joined the sales channels of 1,925,342,900 yuan, respectively , 3,816,413,900 yuan, 3,113,449,500 yuan, 1,728,923,300 yuan, accounting for the proportion of Semir apparel sales were 90.26%, 91.97%, 94.86%, 95.40%.

prospectus also shows that, as of June 30, 2010, Semir Semir dress casual wear brand sales outlets throughout the country for the 3556, which stores 3433, Guide Shop 123; the other children's clothing brand barabara sales outlets in the country reached 2,253, including 2,136 stores, 117 direct sales stores shop. In addition to Beijing, Shanghai and other cities, the second and third tier cities in China, but also the most important Semir clothing market, sales channels mainly lies in the hands of dealers to join.