MIRA INFORM REPORT
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Report Date : |
19th May 2006 |
IDENTIFICATION DETAILS
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Name : |
GREAT
ONE, YK |
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Registered Office : |
11-21
Karuizawa-higashi Karuizawacho Kitasakugun Nagano-Pref 389-0104 Japan |
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Date of Incorporation : |
Mar 1996 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Importers, wholesalers (including online sale) of ice hockey
outfits. |
RATING & COMMENTS
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MIRA’s Rating : |
Ca |
RATING
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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 0.3 MILLION |
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Status : |
Moderate |
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Payment Behaviour : |
Satisfactory |
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Litigation : |
Clear |
NAME
GREAT ONE, YK
REGD NAME
YK Great One
MAIN OFFICE
11-21 Karuizawa-higashi Karuizawacho Kitasakugun Nagano-Pref 389-0104 Japan
Tel: 0267-42-9905
Fax: 0267-42-0775
*.. Moved to the caption address from the former as given.
E-Mail address: info@greatone.jp
ACTIVITIES
Import, wholesale (including
online sale) of ice hockey outfits
BRANCHES
Nil
OFFICER(S)
KEN’ICHI OGASAWARA, PRES
Yen Amount
In million Yen, unless otherwise
stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 30 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND SLOW WORTH Yen 10 M
STARTED 1996 EMPLOYES 2
COMMENT
IMPORTER AND WHOLESALER
SPECIALIZING IN ICE HOCKEY OUTFITS.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 0.3 MILLION,
NORMAL 30 DAYS TERMS. THE CREDIT CAN BE
EXTENDED UP TO YEN 3.5 MILLION PROVIDED FULL GURANTEE OFFERED FROM THE PARENT,
YK KEN REAL ESTATE (SEE REGISTRATION), OWNED BY KEN’ICHI OGASAWARA CONCURRENTLY.
HIGHLIGHTS
The subject company was
established on the basis of sports goods import division separated from YK Ken
Real Estate, at the caption address, owned & managed by Ken’ichi Ogasawara
concurrently (see REGISTRATION). This
is a trading house for import and wholesale of ice hockey outfits centrally,
inline skating goods and related. Goods
are imported from Canada. Goods are
also widely sold online. Management
& operations are fully integrated with the parent. The two are regarded virtually as one and
the same company. The financials are
not disclosed. We have obtained the
following partial figures directly from Ken’ichi Ogasawara.
The sales volume for Dec/2005
fiscal term amounted to Yen 30 million, a similar amount in the previous term. The net profit remained unchanged at a
minimum amount.
For the current term ending Dec
2006 the net profit is projected at Yen 1 million, on a 10% rise in turnover,
to Yen 33 million.
The financial situation is
considered RATHER WEAK but should be good for MODERATE business
engagements. Max credit limit is
estimated at Yen 0.3 million based on the professed sales by the
president. This is normal 30 days terms
basis. The credit can be extended up to
Yen 3.5 million, on normal 30 days terms, provided full guarantee extended from
the parent, YK Ken Real Estate. K
Ogasawara says the firm is prepared to provide guarantees if so requested by
the transactions.
REGISTRATION
Date Registered: Mar 1996
Legal Status: Private Limited Company (Yugen Kaisha)
Regd Capital: Yen 3 million
Major shareholders (%): Ken’ichi
Ogasawara*(100)
*.. Owner of YK Ken Real Estate,
real estate broker, at the caption address, founded May 1991, capital Yen 10
million, turnover Yen 300 million (approx), employees 2; management and operation
of the two firms are fully integrated.
Nothing detrimental is known as to
the commercial morality of executives.
OPERATION
Activities: Imports and wholesales
(including online sales) ice hockey outfits (100%): skates, sticks, shafts,
helmets, cages, gloves, pants, shoulder pads, elbow pads, knee pads, garter
belts, GK’s face masks , leg guards, boots, catch gloves, throat protectors,
body pads, blades, blockers, others, other accessories; also handles inline
skating goods. Goods are imported from
Canada.
Clients: Sports goods stores,
sports clubs, schools, players, other
No. of accounts: Unavailable
Domestic areas of activities:
Centered in Nagano-Pref and vicinities.
Suppliers: [Mfrs] Imports wholly
from Canada.
Payment record: Regular
Location: Business area in
Kitasaku-gun, Nagano-Pref. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
Hachijuni Bank (Karuizawa)
Relations: Satisfactory
FINANCES
(In Million Yen)
NOT MADE AVAILABLE.
RATING EXPLANATIONS
RATING
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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 |