MIRA
INFORM REPORT
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Report Date : |
06.04.2007 |
IDENTIFICATION
DETAILS
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Name : |
SHIMAMURA TOKYO CORPORATION |
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Registered Office : |
Saitoh Bldg 5F, 3-22-10 Jingumae Shibuyaku Tokyo 150-0001 |
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Country : |
Japan |
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Date of Incorporation : |
Nov 1993 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, retail, wholesale of ladies’
fashion clothing & accessories |
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 14.5 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
NAME
SHIMAMURA TOKYO CORPORATION
REGD NAME
KK Shimamura Tokyo Corporation
MAIN OFFICE
Saitoh Bldg 5F, 3-22-10 Jingumae Shibuyaku Tokyo 150-0001 JAPAN
Tel : 03-3423-5757
Fax : 03-3457-5753
URL : N/A
ACTIVITIES
Import, retail, wholesale of ladies’ fashion clothing &
accessories
STORE(S)
Tokyo (4), Osaka, Fukuoka
OFFICERS
SEIICHIRO SHIMAMURA, PRES
Kimiko Shimamura, dir
Masaaki Shimamura, dir
Yen Amount: In million
Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 980 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 85 M
STARTED 1993 EMPLOYES 20
COMMENT
IMPORTER, RETAILER AND WHOLESALER SPECIALIZING IN LADIES’ CLOTHING
AND ACCESSORIES. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 14.5 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS
The subject company was established by Kimiko Shimamura in
order to make most of her experience in the subject line of business. Seiichiro is her husband. This is a retailer specializing in ladies’
fashion garments & accessories, imported mostly from its subsidiary purchasing firm in Paris. Also handles, scent, music CD’s, foodstuff,
magazines, other. Operates 4 stores in
Tokyo and one each at Osaka & Fukuoka.
Goods are also wholesaled.
FINANCIAL INFORMATION
The sales volume for Feb/2006 fiscal term amounted to Yen 980 million, a 9% up from Yen 900 million in the previous term. This is attributed to the new opening of store. The net profit was posted at Yen 20 million, up from Yen 15 million a year ago.
For the term ended Feb 2007 the net profit is believed posted at
Yen 20 million, on a 2% rise in turnover, to Yen 1,000 million. The weaker Yen against foreign currencies
should have uplifted sales amount in Yen terms. Final results are yet to be released.
The financial situation is considered maintained FAIR and good
for ORDINARY business engagements. Max
credit limit is estimated at Yen 14.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov
1993
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%): Kimiko Shimamura & families (--100)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports, retails and wholesales ladies’ fashion
garments, clothing accessories (--70%), scent, music CD’s, magazines, others
(--30%).
(Retail 75%; wholesale 25%).
Goods are imported from France, other E/U countries.
Clients: [Consumers, specialty stores] Urban Research, Rouge, other. Also to direct run stores.
No. of accounts: 100 (Wholesale div)
Domestic areas of activities: Centered in greater-Tokyo
& Osaka
Suppliers: [Mfrs, wholesalers] Imports from Shimamura Paris (subsidiary), other Europe.
Domestically supplied from Agari Design, etc.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
SMBC (Shibuya)
Mizuho Bank (Aoyama)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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28/02/2007 |
28/02/2006 |
28/02/2005 |
28/02/2004 |
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Annual
Sales |
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1,000 |
980 |
900 |
916 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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20 |
20 |
15 |
30 |
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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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85 |
65 |
50 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.04 |
8.89 |
-1.75 |
1.78 |
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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 |
2.00 |
2.04 |
1.67 |
3.28 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 28/02/2007 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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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%)