MIRA INFORM REPORT

 

 

Report Date :

05.06.2007

 

IDENTIFICATION DETAILS

 

Name :

CONSTANCE SPRY FLOWER SHOP

 

 

Registered Office :

Park Hotel Tokyo, 1-7-1 Higashi-Shimbashi Minatoku Tokyo 105-0021

 

 

Country :

Japan

 

 

Date of Incorporation :

March 2003

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Licensed Constance Spry flower shop operator

 

 

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

 

Status :

Moderate

 

 

Payment Behaviour :

Regular

 

 

Litigation :

--

 

 


 

COMPANY NAME

 

CONSTANCE SPRY FLOWER SHOP

 

REGD NAME:   KK Green Sleeves

 

ADDRESS

 

MAIN OFFICE   :Park Hotel Tokyo, 1-7-1 Higashi-Shimbashi Minatoku Tokyo 105-0021 JAPAN

Tel                    : 03-6252-1187    

Fax                   : 03-6252-1188

URL                  : http://www.green-sleeves.co.jp

E-Mail address: consancespry-shop@green-sleeves.co.jp

 

ACTIVITIES

 

Licensed Constance Spry flower shop operator

 

 

STORES

 

At the caption address, where Constance Spry Flower School (Tokyo) is situated.

 

 

OFFICERS

 

YOKO TSUGAWA, PRES

 

 

Yen Amount

 

In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        UNDETD                       A/SALES          Yen 200 M*

PAYMENTS      REGULAR                     CAPITAL           Yen 10 M

TREND             UNDETD                       WORTH            Yen 10 M**

STARTED         2003                             EMPLOYES      5

*.. Only estimated; **.. Expressed by the paid in capital.

 

 


COMMENT

 

Flower shop operator of constance spry. Financial situation undetermined due to lack of financials and proven business but good for moderate business engagements.      

                       

Max credit limit: unable to assess due to the lack of financials. Secured terms recommended on new transactions. 

 

 

HIGHLIGHTS:

           

The subject company was established by Yoko Tsugawa in order to make most of her previous experience in the subject line of business.  Y Tsugawa is a graduate of Constance            Spry Flower School (UK) and on return served as instructor at Constance Spry Flower School   (Tokyo) at the same address.  Founded the subject firm in Mar 2003 and in Sept/2003 opened             the flower shop on obtaining licensee agreement from Constance Spry Flower School (UK).  This is the first license the UK school has given to Japan.  Handles Constance Spry’s original picture frames (pottery), flower vases, roses, other flowers, soaps, candles, teas, etc of the school’s original goods.  Operations are covered by the licensee agreement.

 

Note:  Constance Spry Flower School (Tokyo) is located at the same address; and the given phone number is that of the School.  The School does not disclose any information other          than school curriculum, certificate, educational items, etc, as educational institution.

 

 

FINANCIAL INFORMATION:

           

Financials are not disclosed.  The given figures are only estimated, as the owner briefly said sales somewhere Yen 200-300 million.  No other databases or credit firms can provide any information to verify the figures.

 

Both the financial situation and business trends are not determined due to the lack of financials and proven records but should be good for MODERATE business engagements.  Max credit limit is unable to assess, therefore.  As long as payments are covered by the Licensee Agreement with Constance Spry Flower School (UK) there should be no fear of payment failure.  We, however, recommend secured terms on new transactions uncovered by the Agreement. 

 

 

REGISTRATION

 

Date Registered:            Mar 2003

Legal Status:                 Limited Company (Kabushiki Kaisha)

Authorized:                    800 shares

Issued:                          200 shares

Sum:                            Yen 10 million

Major shareholders (%): Yoko Tsugawa & families (--100)

 

Nothing detrimental is known as to her commercial morality.

 

 

OPERATION:

 

Activities: Operates Constance Spry Flower Shop on licensee agreement with Constance Spry Flower School (UK) (100%).

 

 

Clients: Consumers 

No. of accounts: Unavailable

Domestic areas of activities: Centered in greater-Tokyo

 

 

Suppliers: [Mfrs, wholesalers] Supplied wholly from Constance Spry Flower School (UK)

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

SMBC (Shimbashi)

Relations: Satisfactory.

 

 

FINANCES

 

(In Million Yen)

 

NOT MADE AVAILABLE

 

           


 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions