MIRA
INFORM REPORT
|
Report Date : |
24.05.2007 |
IDENTIFICATION DETAILS
|
Name : |
DREAM CO LTD |
|
|
|
|
Registered Office : |
1-9-12 Sumiyoshi Kofu Yamanashi-Pref 400-0851 |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.08.2006 |
|
|
|
|
Date of Incorporation : |
Sept 1994 |
|
|
|
|
Legal Form : |
Private Limited Company (Yugen
Gaisha) |
|
|
|
|
Line of Business : |
Manufacturing and processing
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 |
|
Status : |
Moderate |
|
|
|
|
Payment Behaviour : |
Regular |
|
|
|
|
Litigation : |
-- |
name
DREAM CO LTD
REGD NAME
YK Dream
MAIN OFFICE
1-9-12 Sumiyoshi
Kofu Yamanashi-Pref 400-0851 JAPAN
Tel : 055-220-2400
Fax : 055-220-2411
URL : Nil
ACTIVITIES
Mfg, processing
of jewelry
BRANCHES
Nil
FACTORY(IES)
At the
caption address; also subcontracted
OFFICERS
ARITOMO
WATANABE, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 100 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND UP WORTH Yen 17 M
STARTED 1994 EMPLOYES 3
COMMENT
MFR OF JEWELRY. FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT GOOD FOR CREDIT ENGAGEMENTS: US$50,000 / O/A 120 DAYS AFTER SHIPMENT DATE.
HIGHLIGHTS
The subject company was established by Aritomo Watanabe in
order to make most of his experience in jewelry business. This is a family-based jewelry mfr and
processor. Stones and materials are
supplied mostly from domestic jewelry processors. Operations are centered in Yamanashi-Pref and into greater
FINANCIAL INFORMATION
Financials are only partially disclosed and in rounded-off numbers.
The sales volume for Aug/2006 fiscal term amounted to Yen 100 million, a sharp 67% hike from Yen 60,000 million in the previous term. The net profit was posted at Yen 5 million, compared with Yen 3 million a year ago.
For the current term ending Aug 2007 the net profit is projected at Yen 5 million, on a 5% rise in turnover, to Yen 105 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. The proposed amount for 120 days terms is considered within the firm’s financial capacities.
REGISTRATION
Date
Registered: Sept 1994
Legal
Status: Private Limited
Company (Yugen Gaisha)
Regd
Capital: Yen 3 million
Major shareholders (%): Aritomo Watanabe (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Manufactures & processes jewelry (100%).
Stones
and materials are imported and supplied from local jewelry dealers.
Clients:
Jewelers, jewelry processors, chain stores, other.
No. of
accounts: 200
Domestic
areas of activities: Centered in Yamanashi-Pref, extending into
Suppliers:
Jewelry processors, jewelry dealers, other
Payment
record: Regular
Location: Business area in
Bank References
Kofu
Shinkin Bank (Minami)
Relations:
Satisfactory
FINANCES
(In
Million Yen)
|
Terms Ending: |
|
31/08/2007 |
31/08/2006 |
31/08/2005 |
31/08/2004 |
|
|
Annual
Sales |
|
105 |
100 |
60 |
40 |
|
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
|
Net
Profit |
|
5 |
5 |
3 |
2 |
|
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
|
Net
Worth |
|
|
17 |
12 |
9 |
|
|
Capital,
Paid-Up |
|
|
3 |
3 |
3 |
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
||
|
S.Growth Rate |
5.00 |
66.67 |
50.00 |
14.29 |
||
|
Current Ratio |
|
|
.. |
.. |
.. |
|
|
N.Worth Ratio |
|
.. |
.. |
.. |
||
|
N.Profit/Sales |
4.76 |
5.00 |
5.00 |
5.00 |
||
Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 31/08/2007 fiscal term.
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%)