MIRA
INFORM REPORT
|
Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
|
Name : |
OZONE COMMUNITY CORPORATION |
|
|
|
|
Registered Office : |
3-12-6 Sendagaya Shibuyaku Tokyo 151-0051 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Date of Incorporation : |
Jul 1978 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Manufacturing, retail of ladies’
clothing, clothing accessories |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
Yen 113.7 millions |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually correct |
|
|
|
|
Litigation : |
Clear |
name
OZONE COMMUNITY CORPORATION
*..Hysteric Glamour is one of its brand names, other Ozone Rocks.
REGD NAME
Ozone Community Corporation
MAIN OFFICE
3-12-6 Sendagaya Shibuyaku Tokyo 151-0051 JAPAN
Tel : 03-3470-2275
Fax : 03-3470-7369
URL : http://www.hystericglamour.jp
E-Mail address: info@hystericglamour.jp
ACTIVITIES
Mfg, retail of ladies’ clothing, clothing accessories
STORE(S)
49 direct run stores
FACTORY(IES)
Saitama
OFFICERS
NOBUO SAITOH, PRES Shozo
Yamaguchi, s/mgn dir
Nobuhiko Kitamura, dir Masaaki
Sagara, dir
Noriyuki Yamagami, dir Yukio
Harada, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 6,300 M
PAYMENTS REGULAR CAPITAL Yen 35 M
TREND SLOW WORTH Yen 546 M
STARTED 1978 EMPLOYES 58
COMMENT
MFR AND RETAILER SPECIALIZING IN WOMEN’S CLOTHING. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 113.7 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Nobuo Inoue in order to
make most of his experience in the subject line of business. This is a retailer, operating 49 direct run
stores, nationwide, specializing in ladies’ garments, and clothing
accessories. Goods are sold by brand
names of Hysteric Glamour and Ozone Rocks.
Hysteric Glamour Headquarters is located at the caption address. Operates 49 direct run stores, and 11
franchisees, nationwide.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Jun/2006 fiscal term amounted to Yen 6,300 million, a 7% down from Yen 6,800 million in the previous term. The sales are consecutively down, affected by slow recovery in consumer spending. The net profit was posted at Yen 31 million, down from Yen 35 million a year ago.
For the current term ending Jun 2007 the net profit is
projected at Yen 30 million, on a 3% rise in turnover, to Yen 6,500
million. The weaker Yen may push sales
amount upwards, while profits may worsen due to rising costs of operations.
The financial situation is considered maintained FAIR and
should be good for ORDINARY business engagements. Max credit limit is estimated at Yen 113.7 million, on 30 days
normal terms.
REGISTRATION
Date Registered: Jul
1978
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 280,000
shares
Issued: 70,000
shares
Sum: Yen
35 million
Major shareholders (%): Nobuo Saitoh (51), Hisako Kurano (3), Shozo Yamaguchi (3)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Manufactures, imports and retails women’s garments,
shirts, down jackets, & clothing accessories: belts, scarves, gloves,
others (--100%).
Goods are branded as Hysteric Glamour & Ozone Rocks.
Operates 49 direct run stores and 11 franchisees nationwide.
Clients: Consumers, franchisee stores, other.
No. of accounts: Unavailable
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Kanematsu Textile Corp, Ikegami
& Co, Hoshino Inc, For Life, Wabo Co, Arai Sen’I, Capital Corp, other.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Mizuho Bank (Aoyama)
MUFG (Harajuku)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
30/06/2007 |
30/06/2006 |
30/06/2005 |
30/06/2004 |
|
|
Annual
Sales |
|
6,500 |
6,300 |
6,800 |
7,000 |
|
|
Recur.
Profit |
|
.. |
.. |
66 |
.. |
|
|
Net
Profit |
|
30 |
31 |
35 |
12 |
|
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
|
Net
Worth |
|
|
546 |
515 |
480 |
|
|
Capital,
Paid-Up |
|
|
35 |
35 |
35 |
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
||
|
S.Growth Rate |
3.17 |
-7.35 |
-2.86 |
-7.89 |
||
|
Current Ratio |
|
|
.. |
.. |
.. |
|
|
N.Worth Ratio |
|
.. |
.. |
.. |
||
|
N.Profit/Sales |
0.46 |
0.49 |
0.51 |
0.17 |
||
Note: Financials are only partially disclosed.
Forecast (or estimated) for the 30/06/2007 fiscal term.
RATING
EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)