MIRA
INFORM REPORT
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Report Date : |
24.05.2007 |
IDENTIFICATION DETAILS
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Name : |
AREGGIO CO LTD |
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Registered Office : |
3-4-2 Machiya Arakawaku |
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Country : |
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Date of Incorporation : |
Mar 2002 |
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Legal Form : |
Private Limited Company (Yugen
Gaisha) |
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Line of Business : |
Manufacturing of leather bags,
stationery |
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 1 million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
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Litigation : |
-- |
name
AREGGIO CO LTD
REGD NAME
YK Areggio
MAIN OFFICE
3-4-2 Machiya
Arakawaku
Tel : 03-3809-4573
Fax : 03-3809-4561
URL : N/A
ACTIVITIES
Mfg of
leather bags, stationery
BRANCHES
Nil
FACTORY(IES)
(subcontracted)
OFFICERS
YUKIKO
KOBAYASHI, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 80 M*
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND SLOW WORTH Yen
10 M
STARTED 2002 EMPLOYES 2
*.. Declared by Yukiko Kobayashi, not verified by outside sources
COMMENT
MFR SPECIALIZING IN BAGS & STATIONERY. FINANCIAL SITUATION CONSIDERED RATHER WEAK AND DOUBTFUL FOR CREDIT ENGAGEMENTS: US$50,000 / O/A TERMS
MAX CREDIT LIMIT: YEN 1 MILLION, 30 DAYS TERMS. RECOMMENDS SECURED TERMS ON NEW TRANSACTIONS.
HIGHLIGHTS
The subject company was established by Yukiko Kobayashi in
order to make most of her experience in the subject line of business. A family-based firm specializing in mfg bags
and stationery. Mfg is
subcontracted. Materials and goods are
partially imported from
FINANCIAL INFORMATION
The subject does not disclose financials or other management information and all the information, except the registered items, have been collected directly from Yukiko Kobayashi herself.
The sales volume for Jul/2006 fiscal term amounted to Yen 80 million, a similar amount in the previous term, according to Y Kobayashi. We have no outside sources to verify the figures.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. The proposed amount is considered TOO HIGH from the recent financial status. Max credit limit, as judged from the declared figures, is estimated at Yen 1 million, 30 days terms. We recommend secured terms on new transactions.
REGISTRATION
Date
Registered: Mar 2002
Legal
Status: Private Limited
Company (Yugen Gaisha)
Regd
Capital: Yen 3 million
Major shareholders (%): Yukiko
Kobayashi (100)
Nothing
detrimental is known as to her commercial morality.
OPERATION
Activities: Manufactures (on consignment) bags and stationery
(--100%). Materials and goods are
partially imported from
Clients: Specialty stores, chain stores, consumers, other.
No. of
accounts: Unavailable
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers:
[Mfrs, wholesalers] Imports from
Payment
record: Regular
Location: Business area in
Bank References
Johoku
Shinkin Bank (Machiya)
Relations:
Satisfactory.
FINANCES
(In
Million Yen)
NOT
OPENLY MADE AVAILBLE
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%)