MIRA
INFORM REPORT
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Report Date : |
8th March, 2007 |
IDENTIFICATION
DETAILS
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Name : |
CENTRAL ENTERPRISE CO LTD |
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Registered Office : |
2-3 Togoshi Kanagawaku Yokohama 221-0064, Japan |
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Country : |
Japan |
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Financials (as on) : |
31.08.2007 (Estimated) |
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Date of Incorporation : |
June 1964 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Imports and retails jewelry and 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 5.5 Million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
Company name & Address
CENTRAL ENTERPRISE CO LTD
REGD NAME
KK Central Enterprise
MAIN OFFICE
2-3 Togoshi Kanagawaku Yokohama 221-0064 JAPAN
Tel : 045-471-3639
Fax : 045-471-3644
*.. The given address is its jewelry store at: Shin-Yokohama Prince
Hotel Pepe, 3-4 Shin-Yokohama Kohokuku Yokohama 222-0033
URL : N/A
ACTIVITIES
Import, retail of jewelry, accessories
STORE(S)
Yokohama (address as given)
OFFICERS
FUMIKO WATANABE, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 360 M
PAYMENTS REGULAR CAPITAL Yen 12 M
TREND SLOW WORTH Yen 94 M
STARTED 1964 EMPLOYES 10
COMMENT
IMPORTER AND RETAILER SPECIALIZING IN JEWELRY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT
ENGAGEMENTS: US$100,000 / O/A 120 DAYS.
MAX CREDIT LIMIT: YEN 5.5 MILLION, 30 DAYS NORMAL
TERMS. .
HIGHLIGHTS
The subject company was established by Fumiko Watanabe in
order to make most of her
experience in the subject line of business.
This is a retailer specializing in jewelry and accessories. Has a store
in one of the prestigious hotels in Yokohama.
Goods are imported from
Italy, Columbia, Hong Kong, China, etc.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Aug 2006 fiscal term amounted to Yen
360 million, a similar amount in the previous term. The net profit was posted at Yen 5 million, unchanged from the
previous year.
For the current term ending Aug 2007 the net profit is
projected at Yen 5 million, on a 6% rise in turnover, to Yen 380 million. Consumer spending is seen recovering. Weaker Yen will help uplift sales in Yen
terms.
The financial situation is considered maintained FAIR and
good for ORDINARY business engagements.
Max credit limit is estimated at Yen 5.5 million, on 30 days normal
terms. The proposed amount for 120 days
terms is considered well within the firm’s financial capacities.
REGISTRATION
Date Registered : Jun
1964
Legal Status :
Limited Company (Kabushiki Kaisha)
Authorized :
96,000 shares
Issued :
24,000 shares
Sum :
Yen 12 million
Major shareholders (%)
Fumiko Watanabe (100)
Nothing detrimental is known as to her commercial morality.
OPERATION
Activities: Imports and retails jewelry and accessories
(--100%).
Goods are imported from Italy, China, Hong Kong, Columbia,
etc.
Clients
Consumers
No. of accounts
Unavailable
Domestic areas of activities
Centered in Yokohama
Suppliers
[Mfrs, wholesalers] Imports from Italy (Calderoni),
Columbia, Hong Kong, China, etc. Also
supplied from domestic suppliers.
Payment record
Regular
Location
Business area in Yokohama.
Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Bank of Yokohama (Yokohama-Ekimae)
SMBC (Yokohama-Ekimae)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms
Ending: |
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31/08/2007 |
31/08/2006 |
31/08/2005 |
31/08/2004 |
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Annual
Sales |
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380 |
360 |
360 |
380 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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5 |
5 |
5 |
6 |
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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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94 |
89 |
84 |
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Capital,
Paid-Up |
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12 |
12 |
12 |
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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 |
5.56 |
0.00 |
-5.26 |
-5.00 |
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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 |
1.32 |
1.39 |
1.39 |
1.58 |
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Note: Financials are only partially disclosed.
Forecast (or estimated) for the 31/08/2007 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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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%)