MIRA
INFORM REPORT
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Report Date : |
17.01.2007 |
IDENTIFICATION DETAILS
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Name : |
ACROS INTERNATIONAL CO LTD |
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Registered Office : |
Cosmos
Asakusabashi |
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Country : |
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Date of Incorporation : |
Jan 2000 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of T-shirts,
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
12.5 millions |
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Status : |
Satisfactory
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
ACROS INTERNATIONAL CO LTD
REGD NAME
KK Acros International
MAIN OFFICE
Cosmos Asakusabashi
Tel : 03-5822-6455
Fax : 03-5822-6456
*.. Moved to the caption address in Apr 2006 from the former at: Ebisu Bldg 7F, 2-2-6 Hanakawado Taitoku Tokyo 111-0033, as given.
URL : http://www.acros-int.co.jp (Japanese only)
E-Mail address: info@acros-int.co.jp
ACTIVITIES
Import, wholesale of T-shirts,
accessories
BRANCHES
FACTORY(IES)
(subcontracted both at home &
abroad)
OFFICERS
MAKOTO NAKAYAMA, PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 860 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 51 M
STARTED 2000 EMPLOYES 8
COMMENT
TRADING
HOUSE SPECIALIZING IN CASUAL WEAR AND ACCESSORIES. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CREDIT ENGAGEMENTS: US$120,000 / D/A 60 DAYS.
MAX CREDIT LIMIT: YEN 12.5 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Makoto
Nakayama in order to make most of his experience in foreign trading. This is a small-sized trading house
specializing in T-shirts for men, women and children. Officially approved by NPO World Karate
Organization Shin-Kyokushinkai
to print its logo marks on the T-shirts.
Goods are subcontracted mfg to domestic and overseas factories, such as
in
FINANCIAL INFORMATION
The sales volume for Feb/2006 fiscal term amounted to Yen 860 million, a 14% sharp rise from Yen 640 million in the previous term. Demand rose from younger generation for T-shirts carrying Karate logos. The net profit nearly doubled to Yen 13 million from Yen 7 million a year ago.
For the current term ending Feb 2007 the net profit is projected at Yen 13 million, on a 1% rise in turnover, to Yen 870 million. Good demand continues.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 12.5 million, on 30 days normal terms. The proposed amount for 60 days terms comes well within the firm’s financial capabilities.
REGISTRATION
Date Registered: Jan 2000
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200 shares
Sum: Yen
10 million
Major shareholders (%): Makoto Nakayama (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales T-shirts for men, women and children, other clothing accessories (--100%).
Goods are imported from subcontracted mfrs in
Clients: [Specialty stores, sports goods stores] Olympic Corp, Tawaraya, Niwako, Jeans Mate, Kinkado, Marufuru Co (casual wear chain store operator), other.
No. of accounts: 200
Domestic areas of activities:
Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Imports from
Payment record: Regular
Location: Business area in
Bank References
Bank of Tokyo-Mitsubishi UFJ
(Kaminarimon)
SMBC (Asakusabashi)
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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870 |
860 |
640 |
780 |
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Recur.
Profit |
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.. |
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.. |
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Net
Profit |
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13 |
13 |
7 |
11 |
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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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51 |
40 |
33 |
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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 |
1.16 |
34.38
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-17.95
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11.43
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Current Ratio |
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.. |
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.. |
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N.Worth Ratio |
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.. |
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.. |
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N.Profit/Sales |
1.49 |
1.51 |
1.09 |
1.41 |
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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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