MIRA
INFORM REPORT
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Report Date : |
15.11.2006 |
IDENTIFICATION
DETAILS
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Name : |
CREW CO LTD |
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Registered Office : |
7-1-76 Shinkitajima Suminoeku Osaka
559-0024 |
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Country : |
Japan |
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Date of Incorporation : |
March, 1984 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import and wholesale
of packaging films, wrapping films and garbage disposal bags. |
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 54
millions |
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Status : |
Fair |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
CREW CO LTD
REGD NAME
KK Crew
MAIN OFFICE
7-1-76 Shinkitajima Suminoeku Osaka 559-0024 JAPAN
Tel: 06-6683-3001
Fax: 06-6683-7667
URL: http://www.spec-crew.co.jp/
E-Mail address: info@spec-crew.co.jp
ACTIVITIES
Import, wholesale of
packaging films, wrapping films, garbage disposal bags
BRANCHES
Tokyo, Thailand
FACTORY(IES)
Thailand (subsidiary)
OFFICERS
TAKESHI SHIBAHARA, PRES
Taeko Shibahara, dir
Terumi Kunikata, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,681 M
PAYMENTS REGULAR CAPITAL Yen 67 M
TREND SLOW WORTH Yen 163 M
STARTED 1984 EMPLOYES 38
COMMENT
IMPORTER AND WHOLESALER
SPECIALIZING IN PACKAGING & WRAP-PING FILMS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN
54 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established originally in Sept 1965 by Takeshi Shibahara as Shoei Corp for wholesaling kitchen & garbage disposal film bags. In 1984, separated a sales division to name as captioned, managed by Takeshi Shibahara. Shoei Corp is now wholly owned subsidiary of the subject. This is a trading house, with mfg division, for import and wholesale of PE (plastic) film bags for kitchen, garbage, stationery use. Goods are manufac- tured at its subsidiary factory in Thailand. Also, imports from Korea, China, Taiwan, and other S/E Asian countries. In Aug 1993, approval granted from Tokyo-Metrop government (Approval No. 16) for garbage disposal bags (calcium carbonated films). In Feb 2000, patent approved for plastic films & bags (Patent No. 3030026). Goods are shipped to department stores, chain stores, 100-Yen convenience stores, volume discount shops, supermarkets, gift shops, other, nationwide. The subject does not disclose full financials. Despite the paid-up capital amount the firm is a family-based firm wholly owned by the Shibahara family.
FINANCIAL INFORMATION
The sales volume for
Dec/2005 fiscal term amounted to Yen 3,681 million, a 3% down from Yen 3,783 million
in the previous term. This is referred
to the harsher competition among the trade with lower-priced imports flooding
in the markets. The net profit, on the
other hand, improved to post Yen 40 million, up from Yen 36 million a year ago. Cost reduction efforts worked.
For the current term
ending Dec 2006 the net profit is projected at Yen 40 million, on a similar
turnover, to Yen 3,700 million.
The financial situation
is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 54
million, on 30 days normal terms.
REGISTRATION
Date Registered: Mar 1984
Legal Status : Limited
Company (Kabushiki Kaisha)
Authorized : 5,360
shares
Issued : 1,340
shares
Sum : Yen 67 million
Major shareholders (%):
Takeshi Shibahara (76), Atsushi Shibahara (24)
No. of shareholders: 2
Nothing detrimental is
known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales plastic packaging/wrapping films (--100%): plastic film bags for foods (refrigeration & freezing), pickles, clear files (for stationery, photos), garbage disposal bags, freezer bags; guava fruits teas (from Thailand), others.
Goods are subcontracted
mfg at its subsidiary factory in Thailand; also imports from China, Korea,
Taiwan, other S/E Asian countries.
Clients
[Department stores,
chain stores, supermarkets, 100-Yen stores] Keio Department Stores, Daiso
Sangyo, Yuwa, Co Pro, Gifco, other.
No. of accounts: 1,300
Domestic areas of
activities: Nationwide
Suppliers
[Mfrs, wholesalers]
Imports from subsidiary in Thailand, other from China, Taiwan, Korea, and other
S/E Asian countries. Also supplied from
Nagase Corp, Inabata & Co, and subsidiaries (Shoei Corp, Spec Crew, Strong
Crew, Challenge Five), other.
Payment record: Regular
Location
Business area in
Osaka. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References
Mizuho Bank (Sumiyoshi)
Resona Bank (Sumiyoshi)
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 |
31/12/2003 |
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Annual
Sales |
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3,700
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3,681
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3,783
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3,476
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Recur.
Profit |
(*) |
.. |
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59
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.. |
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Net
Profit |
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40
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40
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36
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7
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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163
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126
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90
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Capital,
Paid-Up |
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67
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67
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67
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Div.P.Share(¥) |
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0.00
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0.00
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
0.52
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-2.70
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8.83
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31.77
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Current Ratio |
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.. |
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.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
1.08
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1.09
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0.95
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0.20
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Notes:
Financials are not
disclosed only except the above partial figures.
Forecast (or estimated)
figures for 31/12/2006 fiscal term.
(*) Pretax profits
disclosed by the Taxation Office.
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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