MIRA
INFORM REPORT
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Report Date : |
13th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
WULIN
TRADING COMPANY LIMITED |
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Registered Office : |
1601-4 Oyumicho Chuoku Chiba 260-0813 Japan |
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Country : |
Japan |
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Date of Incorporation : |
April
1988 |
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Com. Reg. No.: |
0400-01-009578 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of beauty parlor
equipment, beauty supplies, other |
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 4 MILLION |
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Status : |
Moderate
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Payment Behaviour : |
Regular
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Litigation : |
Clear |
Company Name
WULIN TRADING CO LTD (WULIN is one word)
REGD NAME
Wulin Boeki KK
MAIN OFFICE
1601-4 Oyumicho Chuoku Chiba 260-0813 JAPAN
Tel :
043-305-1865
Fax :
043-305-1867
URL : http://www.wulin.co.jp/
(Japanese only)
E-Mail address : (thru the URL)
ACTIVITIES
Import, wholesale of beauty parlor
equipment, beauty supplies, other
BRANCHES
Taichung (Taiwan), Shanghai (China)
(--rep offices)
OFFICERS
SHONIN GO, PRES (Japanese pronunciation;
“GO” is “Wu” in Chinese) Futoshi Katoh, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 400 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND UP WORTH Yen 24 M
STARTED 1988 EMPLOYES 8
COMMENT
IMPORTER SPECIALIZING IN BEAUTY PARLOR
EQUIPMENT & SUPPLIES. FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD
BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 4 MILLION, 30
DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by
Shonin Go (or Wu in Chinese), Chinese resident businessman, in order to make
most of his experience in the subject line of business. This is a trading house
for import and wholesale of beauty parlor equipment & facilities, beauty
products & supplies from Taiwan & China. Also offers OEM & PB (Private Brand) mfg services. Clients
are local beauty parlors, specialty traders, other. Financials are not disclosed and we have obtained from outside
sources. They have not been confirmed by the firm but believed correct.
FINANCIAL INFORMATION
The sales volume for Dec/2005 fiscal
term amounted to Yen 400 million, a 14% up from Yen 350 million in the previous
term. The firm says the client networks
expanded. The net profit was posted at
Yen 2 million.
For the current term ending Dec 2006
the net profit is projected at Yen 2 million, on a 13% rise in turnover, to Yen
450 million. Weaker Yen will contribute
to raise sales in Yen terms.
The financial situation is considered
RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 4
million, on 30 days normal terms.
REGISTRATION
Date Registered : Apr 1988
Registered Number : 0400-01-009578
Legal Status : Limited Company (Kabushiki Kaisha)
Authorized : 800 shares
Issued :
200 shares
Sum :
Yen 10 million
Major shareholders (%)
Shonin Wu & partners (--100)
No. of shareholders: 7
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION
Activities: Imports and wholesales
beauty parlor equipment & facilities, beauty products &supplies,
including OEM & PB (Private Brand) mfg services these equipment &
goods, health foods & supplements, others (--100%).
Goods are imported from subcontracted
factories in China and Taiwan, where the firm has rep offices.
Clients
[Beauty parlors, specialty traders]
Slim Beauty House, Naganuma Kimono Co, Sainsiena Inc, other.
No. of accounts
300
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imports from China
& Taiwan.
Payment record
Regular
Location
Business area in Chiba. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References
Bank of Tokyo-Mitsubishi UFJ (Chiba)
Keiyo Bank (Kamatori)
Relations: Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/12/2006 |
31/12/2005 |
31/12/2004 |
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Annual Sales |
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450 |
400 |
350 |
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Recur. Profit |
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.. |
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.. |
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Net Profit |
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2 |
2 |
1 |
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Total Assets |
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N/A |
N/A |
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Net Worth |
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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 |
12.50 |
14.29 |
6.06 |
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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 |
0.44 |
0.50 |
0.29 |
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Notes: Financials are not disclosed and
above figures have been provided from outside sources. They are not attested by the firm, but are
believed correct.
Forecast (or estimated) figures for
31/12/2006 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 |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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