MIRA
INFORM REPORT
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Report Date : |
3rd
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
NORTH WEST CLUB CORP |
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Registered Office : |
3-12-9 Tenjincho Fuchu Tokyo-Metrop 183-0053
Japan |
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Country : |
Japan |
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Date of Incorporation : |
Aug 1996 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Engaged in the business of Import,
wholesale, retail of cut flowers, garden trees |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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 |
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Maximum Credit Limit : |
YEN 1.5 MILLION |
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Status : |
Moderate
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME
NORTH
WEST CLUB CORP
REGD NAME
YK
North West Club
MAIN OFFICE
3-12-9
Tenjincho Fuchu Tokyo-Metrop 183-0053 JAPAN
Tel:
042-368-8864
Fax:
042-368-8864
URL: N/A
ACTIVITIES
Import, wholesale, retail of cut flowers, garden trees
STORE
At the caption address
FACTORY(IES)
At the caption address (warehouse)
OFFICER(S)
TOSHIYA OZAWA, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 100 M*
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND UNDETD WORTH Yen 10 M
STARTED 1996 EMPLOYES 3**
*.. Estimated only **..
Part-timers not included
COMMENT
IMPORTER, WHOLESALER AND RETAILER SPECIALIZING IN CUT
FLOWERS. FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1.5 MILLION, SECURED TERMS RECOMMENDED*
*.. Financials and managerial information not sufficiently
available
HIGHLIGHTS
The subject company was established by Toshiya Ozawa in order to
make most of his experience in the subject line of business. This is a trading firm for importing,
wholesaling and retailing of cut flowers, garden trees, gardening tools &
supplies. The firm does not disclose
any of the financials or managerial information. We phone-contacted them (02/05/2006) and the receptionist (woman)
said the owner is out to make delivery and distribution at the warehouse and
would tell him to call us back. We left
our phone/Fax numbers but calls did not come back. We again phoned them today (03/06), but again the owner was said
out again and could not contact. We
will wait further for the contact and if contact has been made this report will
have to be updated. In the meantime, we
are reporting on basis of whatever information available to us.
The sales volume for Jul/2005 fiscal term is estimated amounted to
Yen 100 million, a similar amount in the previous term. This is only estimated from the average
sales of fellow traders in the similar business line and the number of
employees (estimated only). The net
profit is estimated posted at Yen 1 million.
For the current term ending Jun 2006 the net profit is projected
at Yen 1 million, on a similar turnover, at Yen 100 million. Sales could rise to Yen 130 million, taking account
of weaker Yen against foreign currencies.
This again is only our estimation.
The financial situation is considered RATHER WEAK but should be
good for MODERATE business engagements.
Credit limit is estimated at Yen 1.5 million, on fully secured terms
recommended. This is because the
financials are not disclosed and data on the other data bases are not available
since 2002, and that no direct contact has been made with the owner. This is the fact at the time of this
reporting and will further be reported on follow-up information when contacted
from the owners.
REGISTRATION
Date Registered: Aug
1996
Legal Status: Private Limited Company (Yugen
Kaisha)
Regd: 3 million
Major shareholders (%): Toshiya Ozawa (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports, wholesales and retails cut flowers, garden
plants & trees, gardening tools & supplies (--100%).
Clients: Chain stores, florists, consumer, other
No. of accounts: Unavailable
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports from overseas (countries,
etc unavailable)
Payment record: Regular
Location: Business area in Fuchu City, Tokyo-Metrop. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References
Local Bank (Not disclosed)
Relations: Money deposits & transfer only
FINANCES
(In Million Yen)
NOT MADE AVAILABLE
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |