MIRA
INFORM REPORT
|
Report Date : |
30.06.2007 |
IDENTIFICATION DETAILS
|
Name : |
COME TRUE CO LTD |
|
|
|
|
Registered Office : |
Chiyoda Bldg 302, 5-16-7 Ueno Taitoku |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
Dec 1988 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki Kaisha) |
|
|
|
|
Line of Business : |
Import, wholesale of jewelry |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average/normal. |
Small |
|
Maximum Credit Limit : |
Yen 19.2 millions |
|
|
|
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
-- |
name
COME TRUE CO LTD
REGD NAME
KK Come True
MAIN OFFICE
Chiyoda Bldg 302,
5-16-7 Ueno Taitoku
Tel : 03-3835-1851
Fax : 03-3835-1850
URL : http://www.www.come-true.com/
E-Mail address: cometrue@come-true.com
*.. Registered at:
13-11 Rokubancho Chiyodaku
ACTIVITIES
Import, wholesale
of jewelry
BRANCHES
FACTORY(IES)
OFFICER(S)
AYAKO OGUCHI, PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,100 M*
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
105 M*
STARTED 1988 EMPLOYES 10
*.. Estimated
figures only as financials not made available.
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN JEWELRY. FINANCIAL
SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS. MAX CREDIT LIMIT: YEN 19.2 MILLION, 30 DAYS SECURED
TERMS RECOMMENDED.
THE PROPOSED AMOUNT, US$150,000 / O/A 120 DAYS, APPEARS TO BE WITHIN THE FIRM’S FINANCIAL CAPACITIES, HOWEVER, WE RECOMMEND ALL CREDITS TO BE ON SECURED TERMS.
HIGHLIGHTS
The subject company was established as a trading division by
From First Production Co Ltd, an entertainment production agency, at the
registered address. The subject firm has a music recording division, too. The
information contained here refers only to the jewelry division at the address
given. Akiko Oguchi is concurrently dir
at the parent company. The jewelry division imports and wholesales jewelry and
jewelry products from subcontracted mfrs in
FINANCIAL INFORMATION
The subject does not disclose its financials and no other databases are available, either. We have obtained the following figures and information directly & verbally from the treasurer.
The sales volume for Jun/2006 fiscal term amounted to Yen 1,100 million, a 10% up from Yen 1,000 million in the previous term. The net profit was posted at Yen 20 million, up from Yen 15 million a year ago. The net worth is estimated and believed at Yen 105 million, this remaining unconfirmed from the treasurer
For the current term ending Jun 2007 the net profit is projected at Yen 20 million, on a similar turnover, at Yen 1,000 million. The treasurer says the figures are targets only. Weaker Yen may push sales amount upward in Yen terms.
The financial situation is considered maintained FAIR and should be good for ORDINARY business engagements. Max credit limit is estimated at Yen 19.2 million, 30 days terms. The proposed amount is considered within the firm’s financial capacities, however, financials are only verbally processed and not verified by other outside sources, we recommend all credits to be under guarantee.
REGISTRATION
Date Registered: Dec 1988
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders
(%): From First Production Co Ltd*(100)
*.. Entertainment Agency, at the Registered Address, founded 1982, capital Yen 10 million, turnover Yen 650 million, employees 15, pres Kenji Oguchi, Ayako Oguchi’s husband.
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and wholesales jewelry, jewelry products
(--50%); music recording ser- vices
(50%). Jewelry
products are imported from subcontracted mfrs in
Clients: Jewelry
processors, jewelry stores, chain stores, other.
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from subcontracted mfrs in
Payment record:
Regular
Location: Business area in
Bank References
SMBC (Kojimachi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
NOT MADE PUBLIC.
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|
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%)