MIRA
INFORM REPORT
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Report Date : |
11.05.2007 |
IDENTIFICATION DETAILS
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Name : |
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Registered Office : |
Saitama Super Arena 4/5F’s, 8 Shintoshin Chuoku Saitama 330-9109 |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
May
2000 |
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Legal Form : |
Limited
Company (Kabushiki Kaisha) |
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Line of Business : |
Operates |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 3.7 millions |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
(Operated by Taisei Corporation)
REGD NAME
KK Museum Taisei
MAIN OFFICE
Saitama Super
Arena 4/5F’s, 8 Shintoshin Chuoku Saitama 330-9109
Tel:
048-601-0009
Fax: 048-601-0010
URL: http://www.taisei.co.jp
E-Mail
address: jlm@pp.iij4u.or.jp
ACTIVITIES
Operation
of
BRANCHES
Nil
OFFICERS
TOSHIO
TOMINAGA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 250 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND SLOW WORTH Yen
28 M
STARTED 2000 EMPLOYES 2
COMMENT
OPERATOR OF
MAX CREDIT LIMIT: YEN 3.7 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The subject company was established by Taisei Corporation on
09/Oct/2000, 60th anniversary of John Lennon’s birth, as
approved formally by his partner Ms Yoko Ono.
This is the first of its kind anywhere in the world. The museum consists of 9 zones where nearly
130 John Lennon memorabilia from Yoko Ono’s treasured collection are on exhibit
(see OPERATION). The museum is located
in the business & office center of
FINANCIAL INFORMATION
The sales volume for Mar/2006 fiscal term amounted to Yen 250 million, a sharp 17% down from Yen 300 million in the previous term. Visitors decreased. The net profit was posted at Yen 2 million, down from Yen 3 million a year ago.
For the term ended Mar 2007 the net profit is believed marked time at Yen 2 million, on a similar turnover, at Yen 250 million.
The financial situation is considered maintained FAIR and should be good for ORDINARY business engagements. Max credit limit is estimated at Yen 3.7 million, on 30 days normal terms.
REGISTRATION
Date
Registered: May 2000
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 400 shares
Issued: 1,600 shares
Sum: Yen 20 million
Major shareholders (%): Toshio Tominaga (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Operates
The
Museum consists of 9 zones:
4F:
Zone
1: Childhood Memories (1940-1955)
Zone
2: Rock & Roll (1955-1962)
Zone
3: The Beatles (1962-1967)
5F:
Zone
4: Two Virgins (1966)
Zone
5: Love & Peace (1968-1970)
Zone
6: Imagine (1970-1971)
Zone
7:
Zone
8: The Lost Weekend (1973-1975)
Zone
9: House – Husband (1975-1980)
Final
Room: John Lennon’s messages are on
display: lyrics, music & words John left.
Shop:
Original merchandises are offered for sale.
Clients:
Visitors
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in
Suppliers:
[Mfrs, hotels, wholesalers] EM Enterprise, Taisei Service, Mampei Hotel, etc.
Payment
record: Regular
Location: Business area in
Bank References
Mizuho
Corporate Bank (Ohtemachi)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
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Terms Ending: |
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31/03/2007 |
31/03/2006 |
31/03/2005 |
31/03/2004 |
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Annual
Sales |
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250 |
250 |
300 |
290 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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2 |
2 |
3 |
1 |
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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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28 |
26 |
23 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
0.00 |
-16.67 |
3.45 |
0.00 |
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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 |
0.80 |
0.80 |
1.00 |
0.34 |
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Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/03/2007 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%)