MIRA
INFORM REPORT
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Report Date : |
8th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
COME TRUE CO LTD |
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Registered Office : |
Chiyoda Bldg 302, 5-16-7 Ueno Taitoku Tokyo
110-0005 Japan |
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Country : |
Japan |
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Date of Incorporation : |
Dec 1988 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of jewelry |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
YEN 17.5 MILLION |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
NAME
COME
TRUE CO LTD
REGD NAME
KK Come
True
MAIN OFFICE
Chiyoda
Bldg 302, 5-16-7 Ueno Taitoku Tokyo 110-0005 JAPAN
Tel:
03-3835-1851
Fax:
03-3835-1850
*..
Registered at: 13-11 Rokubancho Chiyodaku Tokyo 102-0085
URL: http://www.www.come-true.com/
E-Mail address: cometrue@come-true.com
ACTIVITIES
Import, wholesale of jewelry
BRANCHES
Tokyo (2)
FACTORY(IES)
Thailand (subcontracted)
OFFICER(S)
AYAKO OGUCHI, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen
1,000 M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND STEADY WORTH Yen 95 M*
STARTED 1988 EMPLOYES 10
*.. Estimated figures only.
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN JEWELRY.. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CREDIT ENGAGEMENTS: US$100,000 / O/A 120 DAYS.
MAX CREDIT LIMIT: YEN 17.5 MILLION, NORMAL 30 DAYS TERMS.
HIGHLIGHTS
The subject company was established as a trading division by From
First Production Co Ltd, an entertainment production agency, at the registered
address (see REGISTRATION). The subject
firm has a music recording division, too.
The information contained here refers only to the jewelry division at
the address given. Akiko Oguchi is
concurrently dir at the parent company.
The jewelry division imports and wholesales jewelry and jewelry products
subcontracted mfrs in Thailand centrally.
Goods are originally designed with mfg consigned to makers in
Thailand. Clients are local department
stores, chain stores, jewelry stores, etc, nationwide. Goods are also retailed to singers &
music talents managed by the parent agency, From First Production Co Ltd, which
uses them as sales promotional media, too.
The subject does not disclose its financials and no databases are
available, either. We have obtained the
following figures and information directly from the treasurer.
The sales volume for Jun/2005 fiscal term amounted to Yen 1,000
million, unchanged from the previous term.
The net profit increased by a 50% to Yen 15 million from Yen 10 million.
For the current term ending Jun 2006 the net profit is projected
at Yen 15 million, on a similar turnover, at Yen 1,000 million. The treasurer says the figures are only
tentative.
The financial situation is considered maintained FAIR and should
be good for ORDINARY business engagements.
Max credit limit is estimated at Yen 17.5 million, on normal 30 days
terms. The proposed amount is
considered well within the firm’s financial capabilities.
REGISTRATION
Date Registered: Dec
1988
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): From First Production Co Ltd*(100)
*.. Entertainment Agency, at the Registered Address, founded 1982,
capital Yen 10 million, turnover Yen 650 million, employees 15, pres Kenji
Oguchi, Ayako Oguchi’s husband.
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports and wholesales jewelry, jewelry products
(--50%); music recording services (50%).
Jewelry products are imported from subcontracted mfrs in Thailand
centrally.
Clients: Jewelry processors, jewelry stores, chain stores, other.
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Imports from subcontracted mfrs in Thailand,
other.
Payment record: Regular
Location: Business area in Tokyo.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
SMBC (Kojimachi)
Relations: Satisfactory
FINANCES
(In Million Yen)
NOT MADE PUBLIC.
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 |