The day before yesterday, the SFC reviewed Zhejiang Semir Fashion Co., Ltd. (hereinafter referred to as "Semir apparel") IPO application, the media broke the company suspected of tax evasion of 3 billion yuan by the country's more than 10 tax authorities investigation. In this regard, Semir, Deputy General Manager Ye denied. But the problem does not seem entirely groundless. Semir costumes Seung Hung Wei, told reporters that the initial application has been approved by the Commission, in addition, the media reported the alleged tax evasion Samma clothing 3 billion does not exist, saying the rumor does not meet common sense. Yesterday, media reports, a self-proclaimed Semir clothing left the staff, including the State Administration of Taxation, including a number of tax authorities around the country reported Semir apparel tax evasion in 2003 ~ 2009 about 3 billion yuan, more than 10 tax authorities to report Conducted a survey, some tax authorities said the information reported is true. Zheng Hongwei said: "Obviously does not conform to common sense," if the rumors of tax evasion of 3 billion yuan is true, means sales of Semir clothing to reach 100 billion yuan. The initial prospectus (draft) shows that Mori apparel was established in 2002, 2007, 2008, 2009, three years of operating income was 1.82 billion yuan, 3.32 billion yuan, 4.25 billion yuan, from the data projections, from 2002 to 2009 , The total income of Semir clothing no doubt less than 100 billion yuan. An insider disclosed that in 2010, Semir clothing is indeed reportedly involved in the alleged tax evasion and therefore helps the relevant tax department to investigate. The reason is to assist the investigation, because suspected tax evasion is part of Semir clothing agents, not Semir clothing, Semir clothing in Wenzhou is a large local taxpayer. "The amount of suspicion heard quite big, but the specific number is not clear." Mori apparel business structure is the garment industry, the typical light asset model, there is no own production plant, apparel production by other factories foundry; sales channels, the vast majority rely on franchisees, that is, the above-named insiders said the agency The number of retail outlets of retail outlets and retail outlets has been relatively small, only gradually increasing in recent years. Prospectus also shows that as of June 30, 2010, Semir apparel casual wear brand Semir sales outlets across the country for the 3556, of which 3433 franchise stores, direct sales outlets 123; another children's clothing brand Barrabara in the country Sales reached 2253 outlets, of which 2136 franchise stores, direct sales outlets 117. In addition to Beijing, Shanghai and other first-tier cities, the second and third tier cities in the country, but also the main market Mori apparel, sales channels mainly in the hands of franchisees. According to the data released by Semir Fashion, 2010 1 ~ June, 2009, 2008, 2007, joined channels to achieve sales were 1925342900 yuan, 3816413900 yuan, 3113449500 yuan, 1728923300 yuan, accounting for Semir clothing The proportion of total sales were 90.26%, 91.97%, 94.86% and 95.40% respectively. It is reported that these franchisees, wealth, property allocation authority are in their own hands, Semir costumes have no right to interfere, Semir clothing to join the dealer's main performance in the store's facade layout, display of goods and so on. Zheng Hongwei said it is not clear exactly who reported the tax evasion of Semir clothing, but Semir clothing apparel applications have been approved by the SFC, indicating that the situation of Senma apparel department after the investigation is recognized. The media report also said that for the "tax evasion door" incident, Semir clothing chairman Qiu Guanghe said it had known, and that the event is Semir costumes rivals in the mischief, the truth is not the case.