MIRA
INFORM REPORT
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Report Date : |
24th
June 2006 |
IDENTIFICATION
DETAILS
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Name : |
OS CORPORATION |
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Registered Office : |
Dia Office 7F, 5-18-4 Ueno Taitoku Tokyo 110-0005
Japan |
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Country : |
Japan |
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Financials (as on) : |
31/08/2006 (Estimated) |
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Date of Incorporation : |
Sept 1999 |
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Legal Form : |
Limited Company |
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Line of Business : |
Engaged in the business of import,
wholesale of jewelry products |
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 11.2 MILLION |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
name
OS
CORPORATION
REGD NAME
KK OS
Corporation
MAIN OFFICE
Dia
Office 7F, 5-18-4 Ueno Taitoku Tokyo 110-0005 JAPAN
Tel:
03-5812-9955
Fax:
03-5812-9956
URL: N/A
ACTIVITIES
Import, wholesale of jewelry products
BRANCHES
Bangkok (Thailand)
FACTORY(IES)
Thailand (subcontracted)
OFFICER(S)
YASUAKI OSHIDA, PRES
Yuko Oshida, dir
Shin’ichi Oshida, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 417 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 82 M*
STARTED 1999 EMPLOYES 14
*..
Revised from the last figures based on the limited financials released for the
31/08/2003 fiscal term.
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN JEWELRY FROM
THAILAND. FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 11.2 MILLION, NORMAL 30 DAYS TERMS.
HIGHLIGHTS
The subject company was established by Yasuaki Oshida in order to
make most of his experience in the subject line of business. This is a family-based trading company,
owned and operated by the Oshida family, specializing in import and wholesale
of jewelry. Goods are manufactured on
its original brands and designs at subcontracted factories in Thailand. Goods include high-quality jewelry and
lower-priced silversmith wares & accessories. Clients include major chain stores, specialty stores, jewelry
processors, etc, nationwide.
The sales volume for Aug/2005 fiscal term amounted to Yen 417
million, a 2% up from Yen 410 million in the previous term. The clientele networks keep expanding. The net profits, on the other hand,
decreased to Yen 5 million from Yen 11 million a year ago. This is referred to the rising cost of mfg and
imports. The limited financials
disclosed for the 31/08/2003 fiscal term: total assets Yen 123 million, net
worth Yen 71 million, net worth ratio 58.2%.
For the current term ending Aug 2006 the net profit is projected
at Yen 5 million, on a 3% rise in turnover, to Yen 430 million. Weaker Yen against foreign currencies will
assist to raise sales in Yen terms.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 11.2 million, on normal 30 days terms.
REGISTRATION
Date Registered: Sept
1999
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Yasuaki Oshida (100)
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports, wholesales and retails jewelry products (clad
with precious stones & metals, pearls, etc); articles of
goldsmith/silversmith wares, precious metal parts, other jewelry products
(--100%). Goods are originally designed
and branded, with mfg subcontracted to Thailand factories. Pearls include both natural and cultures.
(Wholesale
80%; retail 20% -- all about)
Clients: [Jewelry stores, chain stores, fashion goods stores]
Nagahori, Marui Co, Sazaby Inc, Onward-Kashiyama, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers: [Mfrs] Imports from Beauty Gem, Thailand (subcontracted
mfr), other.
Payment record: Regular
Location: Business area in Tokyo.
Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Resona
Bank (Ueno-Chuo)
SMBC (Ueno)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/08/2006 |
31/08/2005 |
31/08/2004 |
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Annual Sales |
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430 |
417 |
410 |
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Recur. Profit |
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.. |
.. |
.. |
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Net Profit |
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5 |
5 |
11 |
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Total Assets |
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N/A |
N/A |
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Net Worth |
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82 |
77 |
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Capital, Paid-Up |
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10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
3.12 |
1.71 |
2.50 |
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Current Ratio |
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.. |
.. |
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N.Worth Ratio |
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.. |
.. |
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N.Profit/Sales |
1.16 |
1.20 |
2.68 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/08/2006 fiscal term.
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 |