MIRA
INFORM REPORT
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Report Date : |
01.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
TOGO CO LTD |
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Registered Office : |
1-12-1 Izumi Higashiku Nagoya 461-0001 |
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Country : |
Japan |
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Date of Incorporation : |
Mar 2006 |
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Legal Form : |
Private Limited Company (Yugen
Gaisha) |
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Line of Business : |
Import, retail of men’s garments |
RATING &
COMMENTS
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MIRA’s Rating : |
NR |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
Yen 1 million |
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Status : |
New Company |
name
TOGO CO LTD
REGD NAME
YK Togo
MAIN OFFICE
1-12-1 Izumi Higashiku Nagoya 461-0001 JAPAN
Tel : 052-971-8808
Fax : 052-971-8808
URL : N/A
ACTIVITIES
Import, retail of men’s garments
STORE
At the caption address
OFFICERS
MOTOHIRO WAKITA, PRES
Masahito Segawa, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 50 M*
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND UNDETD WORTH Yen 3 M
STARTED 2007 EMPLOYES 2
*..
Targets only, not verified
COMMENT
RETAILER
OF MEN’S GARMENTS.
FINANCIAL SITUATION NOT DETERMINED DUE TO THE RECENT INCEPTION
BUT SHOULD BE GOOD FOR MODERATE BUSIENSS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 1 MILLION, 30 DAYS, SECURED TERMS
RECOMMENDED.
HIGHLIGHTS
The subject company was established jointly by Motohiro Wakita
and Masahito Segawa in order to make most of their experiences in the subject
line of business. This is a retailer
specializing in men’s clothing and accessories. Goods are imported from Italy, France, other.
FINANCIAL INFORMATION
The sales volume for the initial accounting term ending Mar/2007 is believed amounted to Yen 100 million, on a break-even profit basis. The firm declined to give full details of the financials, unless the enquiring party is disclosed.
For the current term ending Mar 2008 the net profit is
projected at Yen 1 million, on a 10% rise in turnover, to Yen 110 million. Business is seen expanding.
Both the financial situation and business trends are not
determined due to the recent inception but should be good for MODERTE business
engagements. Max credit limit is
estimated at Yen 1 million, 30 days terms, recommending fully secured
terms.
REGISTRATION
Date Registered: Mar
2006
Legal Status: Private
Limited Company (Yugen Gaisha)
Regd Capital: Yen
3 million
Major shareholders (%): Motohiro
Wakita (50), Masahito Segawa (50)
No. of shareholders: 2
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Imports and retails men’s clothing and clothing
accessories (--100%).
Goods are imported from Italy, France, other European
countries.
Clients: Consumers
No. of accounts: Unavailable
Domestic areas of activities: Centered in Nagoya
Suppliers: [Mfrs, wholesalers] Imports from France, Italy,
other.
Payment record: Regular
Location: Business area in Nagoya. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
Local Bank (Not disclosed, saying enquiry party should be
disclosed)
Relations: Money deposits and transfers only.
FINANCES
(In Million Yen)
NOT MADE AVAILABLE
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. |
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%)