MIRA
INFORM REPORT
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Report Date : |
06.06.2007 |
IDENTIFICATION DETAILS
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Name : |
ROSE BUD INC |
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Registered Office : |
23 Bldg 4F, 6-25-16 Jingumae Shibuyaku |
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Country : |
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Financials (as on) : |
31.07.2006 |
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Date of Incorporation : |
Oct 1981 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Import, wholesale of ladies
clothing, clothing 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 78.9 millions |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
ROSE BUD INC
REGD NAME
KK Rose Bud
MAIN OFFICE
23 Bldg 4F,
6-25-16 Jingumae Shibuyaku
Tel : 03-3499-2479
Fax : 03-3499-1409
URL : http://www.rosebud-web.com
E-Mail
address: info@rosebud-web.com
ACTIVITIES
Import,
wholesale of ladies clothing, clothing accessories
BRANCHES
Nil
ROSE BUD STORES
OFFICERS
SATOSHI
SADACHI, PRES
Yoshitami
Sadachi, s/mgn dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,995 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
328 M
STARTED 1981 EMPLOYES 45
COMMENT
IMPORTER AND WHOLESALER OF CLOTHING & ACCESSORIES. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 78.9 MILLION, 30 DAYS
HIGHLIGHTS
The subject company was established by Satoshi Sadachi in order
to make most of his experience in the subject line of business. This is a trading house for import and
wholesale of clothing and clothing accessories.
ROSE BUD stores are operated by subsidiary firm, Elephant Co Ltd, at the
caption address, owned and managed by Satoshi Sadachi concurrently (See
REGISTRATION). Goods are imported from
FINANCIAL INFORMATION
The sales volume for Jul/2006 fiscal term amounted to Yen 3,995 million, a 19% up from Yen 3,366 million in the previous term. New store opened by the subsidiary. The net profit was posted at Yen 116 million, compared with Yen 94 million a year ago.
For the current term ending Jul 2007 the net profit is projected at Yen 120 million, on a 13% rise in turnover, to Yen 4,500 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 78.9 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Oct 1981
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major
shareholders (%): Satoshi Sadachi (90%)
No. of shareholders: 5
Elephant Co Ltd, importer and retailer, at the caption address operating 7 stores as listed above, owned & managed by Satoshi Sadachi concurrently, founded 1975, capital Yen 10 million, turnover Yen 3,421 million, net profit Yen 244 million (Feb/2006 term), employees 55
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Imports and wholesales ladies clothing and clothing accessories (--100%).
7 ROSE
BUD stores are operated by the subsidiary, Elephant Co Ltd.
Imports
from
(Handling items): dresses, shirts & blouses, knitwear, shorts, skirts, pants, slacks, coats, parka, bracelets, necklaces, rings, head dress, leather sandals, tote bags, pouch, hand bags, pumps, hats, caps, other.
Clients:
[Specialty stores, wholesalers] Elephant Co, SG Company, other.
No. of
accounts: 300
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Elephant Co, FC Saitoh, Power
House, Good Life, other. Imports from
Payment
record: Regular
Location: Business area in
Bank References
Hyakujushi
Bank (Shinjuku)
Mizuho
Bank (Aoyama)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/07/2007 |
31/07/2006 |
31/07/2005 |
31/07/2004 |
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Annual
Sales |
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4,500 |
3,995 |
3,366 |
2,855 |
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Recur.
Profit |
(*) |
.. |
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158 |
107 |
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Net
Profit |
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120 |
116 |
94 |
64 |
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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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328 |
212 |
118 |
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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 |
12.64 |
18.69 |
17.90 |
-1.59 |
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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 |
2.67 |
2.90 |
2.79 |
2.24 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/07/2007 fiscal term.
(*) Pretax
profits disclosed from the Taxation Office.
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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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%)