There Are Frequent Problems In The Foundry.

For the Carmen stock company, which is now sprinting to IPO, the control of production and product quality has become a problem that the company needs to pay more attention to.

At present, the production of Carmen's own brand and authorized agency brand is entirely outsourcing, and its foundries are mostly small and medium-sized garment processing enterprises.

In addition to the formation of a long-term stable cooperative relationship, some garment factories are also marked by the business sector for "abnormal operation".

In addition, as the international brand products of Carmen share agents are mainly purchased from brands and agents, this part of the business also poses great challenges to the quality control of the company.

"Daily economic news" combed reporters found that in recent years, the product of its own brand and agent brand has appeared in the spot checks of the State Administration of quality supervision, inspection and quarantine, and other departments.

In response to this situation, the reporter sent the interview question to the company's mailbox in December 28th. As of press release, no reply was received.

The problem of foundries is frequent, resulting in limited long-term cooperation.

After Cao Shengkui founded Carmen shares, the company focused on the production and processing of clothing.

With the creation and authorization of its own brand "water boy" and the introduction of agent brand, Carmen shares have gradually abandoned the direct control over the production of clothing.

According to the prospectus disclosed recently by Carman shares, the company does not carry out production activities at present. Its own brand "water boy" and the authorized operation of the brand "hush" and "Haggis" products mainly adopt the way of directly purchasing garments from domestic manufacturers.

"Brand agents and their own production, the two can not say who is a better model.

This depends on the development stage, with small funds and small companies. "

Tang Xiaotang, founder of fashion industry research and consulting investment organization NoAgency, told reporters.

However, how to choose foundries is a problem that every garment company should take seriously.

In addition to cooperation with some reputable large garment processing enterprises, establishing long-term and stable foundry relationship is also related to the risk control of the production process.

But when combing the situation of Carmen shares, reporters learned that in its 25 main foundries, although there are also large factories such as Itochu fiber Trading (China) Limited and Haixing Yan Ming Garments Co., Ltd., most of the factories are local small and medium-sized garment additive enterprises, with a registered capital of only 500 thousand yuan, accounting for over 6.

Among them, Zhongshan Dongsheng Town Jin Man clothing factory registered capital is only 10 thousand yuan.

In fact, the risks of working with small foundries have been exposed.

Reporters combed found that because of the various problems of the foundries themselves, Carmen shares had to reduce orders or even directly terminate the OEM in cooperation.

In the 25 main foundries of the company, there are only 6 factories with a duration of more than 5 years, and over half of the manufacturers and Carmen share no more than 3 years.

For example, because of the closure of some of the associated factories in Kunshan this morning Clothing Co., Ltd. due to environmental problems, Joman shares reduced its cooperation orders with the company after 2017. Because of the problem of processing resources of Wells Fargo garments (Beijing) Co., Ltd., Carmen shares with them. Jining Android clothing Co., Ltd. and Tangshan City Saint blue textile and Garment Co., Ltd. were also reduced by cooperation with the group because of the decline in processing capacity; as the Taicang Jing Huang Bo Yan knitted garment factory did not submit the annual report for 2017, the company has been labeled as an abnormal state of operation by the business sector.

Under such circumstances, the company's long-term and stable supply chain will undoubtedly be affected.

"Brand agents and their own production, the two can not say who has a better model.

This depends on the development stage, with small funds and small companies. "

Tang Xiaotang, founder of fashion industry research and consulting investment organization NoAgency, told reporters that acting as an internationally renowned brand also has a threshold, because brands should also choose more experienced, resources and powerful businesses to act as agents.

Quality problems occurred in the operation of Carman shares.

In addition to the scale and supply stability of the foundries, the cooperation and monitoring mode between the Carmen and the foundries is directly related to the quality of the products.

In the prospectus, the reporter learned that for the products of its own brand and authorized brand, the company only sent the design plan to the OEM manufacturer. The fabric and accessories of the samples were mainly made by the foundry manufacturers according to the requirements of the program.

In contrast, the listed children's clothing enterprise (002875, SZ), though also works in cooperation with the foundries, will provide the factory with its own procurement and inspection of the surface accessories, product samples and production process plans for the majority of products.

Although Carmen shares all kinds of testing links in quality control measures, it is still difficult to control products in raw materials and production processes in detail.

According to the State Administration of quality supervision, inspection and quarantine, which announced the product quality checks of infant clothing and children's clothing, in the past 2010~2011 years, a small boy thick sweater of its own brand water boy has been publicized because of its fiber composition and content.

As for the international brand agency retail business, because Carmen shares directly from the international Brand Company or its subordinate sales companies or designated factories to purchase garments, the company has no control over the quality control and brand reputation control of this part of products.

The prospectus shows that in April 2018, the "ILGUFO" brand dress, which was distributed by Carman clothing, was identified as a garment and sewing strength in the sampling inspection. The company received the "administrative penalty decision" from the market supervision and Administration Bureau of Shinan District of Qingdao.

In December 2017, the Shanxi Consumers Association announced the comparative report on infant clothing. The HUGOBOSS brand jacket, CATIMINI brand dress suit and KENZO brand coat, which were sold by Carmen share, were also "famous" because of the unconformity of material composition and color fastness.

In response to this test result, the reporter did not inquire about the corresponding punishment in the public information, and the test results did not appear in the prospectus of the Carman shares.