MIRA
INFORM REPORT
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Report Date : |
11.01.2007 |
IDENTIFICATION
DETAILS
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Name : |
KF CO LTD |
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Registered Office : |
Osaka
Bihoukaikan 2F, 1-18-14 Higashi Shinsaibashi Chuoku Osaka 542-0083 |
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Country : |
Japan |
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Date of Incorporation : |
Jul 1977 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturing, processing, repairing, remodelling of jewelry
products. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 8
millions |
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Status : |
Moderate
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
NAME
KF CO LTD
REGD NAME
KK K. F.
MAIN OFFICE
Osaka Bihoukaikan 2F, 1-18-14
Higashi Shinsaibashi Chuoku Osaka 542-0083 JAPAN
Tel : 06-6245-6536
Fax : 06-6241-0613
URL : http://www.dr-j.co.jp
E-Mail address: keiefu@cf.mbn.or.jp; webmaster@dr-j.co.jp
ACTIVITIES
Mfg, processing,
repairing, remodeling of jewelry products
BRANCHES
Nil
FACTORY(IES)
At the caption
address, also subcontracted
OFFICERS
NOBUHIRO IMANISHI,
PRES & CEO
Kunio Imanishi, dir
Yasushi Ohnishi, dir
Yen Amount : In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 572 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND SLOW WORTH Yen
83 M
STARTED 1977 EMPLOYES 13
COMMENT
MFR OF JEWELRY
PRODUCTS, AFFILIATED TO IMAYO & CO LTD. FINANCIAL
SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN
8 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established originally in 1977 as a jewelry processor and later in 1991 became a subsidiary of Imayo & Co Ltd, trading house of jewelry, based in Kyoto (See REGISTRATION). Nobuhiro Imanishi is concurrently pres of the parent. The subject specializes in mfg, processing of jewelry products, such as pendants, fingerings, earrings, and other products. Also offers repairing, remodeling, made-to-order jewelry services. Goods are supplied from the parent and group firms. Group consists of 9 firms domestic/overseas. The subject operates an online shop named “Dr. Jewelry”.
FINANCIAL INFORMATION
Financials are only
partially disclosed.
The sales volume for Jul/2005 fiscal term amounted to Yen
572 million, a 6% down from Yen 610 million in the previous term. Business was hurt by severe competition
among the trade with lower-prices accessories imported from China and other S/E
Asian countries. The net profit
remained unchanged at Yen 1 million.
For the term ended
Jul/2006 the net profit is reported at Yen 1 million, on a 5% rise in turnover,
to Yen 600 million. Sales in Yen terms
were improved by weaker Yen against foreign currencies.
The financial
situation is considered RATHER WEAK but should be good for MODERATE business
engagements. Max credit limit is
estimated at Yen 8 million, on 30 days normal terms.
REGISTRATION
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Date Registered |
Jul 1977 |
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Legal Status |
Limited Company (Kabushiki
Kaisha) |
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Authorized |
400,000 shares |
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Issued |
100,000 shares |
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Sum |
Yen 50 million |
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Major shareholders (%) |
Nobuhiro Imanishi (50), Imayo
& CO Ltd*(50) |
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*.. Trading house of jewelry, Kyoto, owning 9 subsidiaries, founded 1966, capital Yen 96 million, turnover Yen 3,629 million, employees 62, pres Nobuhiro Imanishi concurrently. |
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No. of shareholders |
2 |
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Nothing detrimental is known
as to the commercial morality of executives. |
OPERATION
Activities: Manufactures, processes, and wholesales jewelry products, such as pendants, bracelets, necklaces, fingerings, pierced earrings, others (--100%).
Also, offers
repairing, remodeling, made-to-order services.
Goods are also
retailed online shop named “Dr. Jewelry”.
Clients
[Mfrs, wholesalers] Imayo & Co, Imayo Jewelry, Kawashima Gold, Yubido, Platinum Interwork, Kunita, Eiko Watch, Takada Jewelry, other.
No. of accounts: 150
Domestic areas of
activities: Nationwide (through the parent and group firms)
Suppliers
[Mfrs, wholesalers] Imayo & Co, Alpine 21, Gosho, We Can, Akasaka Uny Lace, Diart Saegusa, KK Fuji, other.
Payment record:
Regular
Location
Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
SMBC (Kyoto)
Relations:
Satisfactory.
FINANCES
(In Million Yen)
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Terms
Ending: |
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31/07/2006 |
31/07/2005 |
31/07/2004 |
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Annual
Sales |
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600 |
572 |
610 |
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Recur.
Profit |
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.. |
.. |
.. |
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Net
Profit |
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1 |
1 |
1 |
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Total
Assets |
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N/A |
N/A |
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Net
Worth |
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83 |
82 |
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Capital,
Paid-Up |
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50 |
50 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
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<Analytical
Data> |
(%) |
(%) |
(%) |
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S.Growth Rate |
4.90 |
-6.23
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-28.90
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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 |
0.17 |
0.17 |
0.16 |
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Note: Financials are
only partially disclosed.
Forecast (or
estimated) for the 31/07/2006 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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