MIRA
INFORM REPORT
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Report Date : |
27.08.2007 |
IDENTIFICATION DETAILS
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Name : |
GUMP’S
INTERNATIONAL LTD |
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Registered Office : |
Tobu Bekkan 6F, 1-15-2 Nishiikebukuro Toshimaku |
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Country : |
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Financials (as on) : |
28.02.2007 |
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Date of Incorporation : |
Oct 1991 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, retail of jewelry,
handbags, gift items |
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 10.8 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
GUMP’S
INTERNATIONAL LTD
REGD NAME
KK Gump’s
International
MAIN OFFICE
Tobu Bekkan 6F,
1-15-2 Nishiikebukuro Toshimaku
Tel : 03-5951-1250
Fax : 03-5951-1252
URL : http://www.gumps.co.jp
E-Mail
address: info@gumps.co.jp
ACTIVITIES
Import,
retail of jewelry, handbags, gift items
STORES
OFFICERS
Koichi
Nezu, ch
MOTOHIKO
ARIGA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 613 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
106 M
STARTED 1991 EMPLOYES 50
COMMENT
RETAILER OF JEWELRY, WHOLLY OWNED BY TOBU DEPARTMENT STORE.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 10.8 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Tobu Department Store,
leading department store, at the caption address, in order to import and retail
Pump’s brand jewelry, watches, handbags, other, from Pump’s Inc, USA. Koichi Nezu is concurrently pres at the parent. Specializes in import and retail Pump’s brand
jewelry, handbags, watches, gift items, other.
Operates a chain of 5 in-shop stores in Tobu Department Store centering
in the greater-Tokyo. Goods are also
wholesaled.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Feb/2007 fiscal term amounted to Yen 613
million, a 7% up from Yen 580 million in the previous term. Import items increased with import sources
expanded to
For the current term ending Feb 2008 the net profit is projected at Yen 15 million, on an almost similar turnover, at Yen 610 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 10.6 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Oct 1991
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major
shareholders (%): Tobu Department Store*(100)
*.. Leading department store, owned by Tobu Railway Ltd, founded 1946, unlisted, capital Yen 50 million, turnover Yen 185,268 million, recurring profit Yen 3,105 million, net profikt Yen 4,590 million, employees 1,641, pres Koichi Nezu
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, retails and wholesales Gump’s brand jewelry (earrings, fingerings, pendants, bracelets, broaches, other jewelry), Bags (handbags, wallets, pouches, photo album, key cases, others), gift items (tea cups, sugar pots, plates, lumps, foot stool, photo album, other) (--100%).
Clients: [Hotels, consumers, wholesalers] Iwataya, Tobu Department Store, Yokohama New Grand Hotel, Hotel Okura Tokyo, Harika Co, other.
No. of
accounts: 300 (Wholesale div)
Domestic
areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] Imports from Gump’s Inc,
Payment
record: Regular
Location: Business area in
Bank References
Mizuho
Bank (Ikebukuro-Nishiguchi)
Relations:
Satisfactory.
FINANCES
(In
Million Yen)
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Terms Ending: |
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28/02/2008 |
28/02/2007 |
28/02/2006 |
28/02/2005 |
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Annual
Sales |
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610 |
613 |
580 |
580 |
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Recur.
Profit |
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Net
Profit |
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15 |
15 |
13 |
13 |
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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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106 |
91 |
78 |
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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 |
-0.49 |
5.69 |
0.00 |
-1.69 |
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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 |
2.46 |
2.45 |
2.24 |
2.24 |
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Note: Financials
are only partially disclosed.
Forecast
(or estimated) for the 29/02/2008 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. |
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%)