MIRA
INFORM REPORT
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Report Date : |
31.07.2007 |
IDENTIFICATION DETAILS
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Name : |
HANABUSA KOGEI CO LTD |
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Registered Office : |
4-3-3 Nishinippori Arakawaku |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
Apr 1985 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Manufacturing, import,
wholesale of jewelry |
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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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
name
HANABUSA KOGEI CO LTD (not Hanabusha)
REGD NAME
KK Hanabusa Kogei
MAIN OFFICE
4-3-3 Nishinippori
Arakawaku
Tel : 03-3822-2218
Fax : 03-3822-0512
URL : http://www.hanabusa-kogei.jp
E-Mail
address: info@hanabusa-kogei.jp
ACTIVITIES
Mfg,
import, wholesale of jewelry
BRANCHES
Nil
FACTORY(IES)
At the
caption address
OFFICERS
TOSHIAKI
GOTOH, PRES Osamu
Gotoh, s/mgn dir
Tomiko
Gotoh, mgn dir Ken’ichi
Fujishima, dir
Shigeru
Ohtani, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,450 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
200 M
STARTED 1985 EMPLOYES 28
COMMENT
MFR SPECIALIZING IN JEWELRY AND ACCESSORIES. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by father of T Gotoh in order to make most of his experience the subject in the subject line business. Specializes in mfg jewelry: necklaces, fingerings, broaches, etc of gold, silver, platinum, diamonds, other. Materials stones and metals are imported.
FINANCIAL INFORMATION
The sales volume for Mar/2007 fiscal term amounted to Yen 1,450 million, a 3% down from Yen 1,500 million in the previous term. Lower-priced imports of accessories from China & S/E Asia pressed down market prices. The net profit, on the other hand, increased to Yen 4 million from Yen 1 million a year ago.
For the current term ending Mar 2008 the net profit is projected at Yen 4 million, on a 3% rise in turnover, to Yen 1,500 million.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements.
REGISTRATION
Date Registered: Apr 1985
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Company’s treasury stock (50%), Toshiaki Gotoh (30), Hideaki Gotoh (20)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures, imports and wholesales jewelry and products: fingerings, bracelets, broaches, other of gold, silver, platinum, diamonds mounted, other (--100%).
Clients: [Jewelry stores, wholesalers] Lavender Jewelry, other.
No. of
accounts: 500
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Tanaka Kikinzoku Kogyo, Katagiri Kikinzoku Kogyo, Mizuno Handy Harman, other.
Payment
record: Regular
Location: Business area in
Bank References
Johoku
Shinkin Bank (Dosaka)
Mizuho
Bank (Nezu)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Annual
Sales |
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1,450 |
1,500 |
1,420 |
1,400 |
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Recur.
Profit |
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Net
Profit |
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4 |
1 |
1 |
3 |
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Total
Assets |
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847 |
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Current
Assets |
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801 |
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Current
Liabs |
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124 |
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Net
Worth |
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200 |
196 |
195 |
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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 |
-3.33 |
5.63 |
1.43 |
-9.68 |
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Current Ratio |
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.. |
645.97 |
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.. |
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N.Worth Ratio |
.. |
23.61 |
.. |
.. |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
0.28 |
0.07 |
0.07 |
0.21 |
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Return On Equity |
.. |
0.50 |
0.51 |
1.54 |
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Note:
Financials are only partially disclosed.
Figures
for the 31/03/2007 fiscal term are confirmed.
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%)