MIRA
INFORM REPORT
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Report Date : |
05.11.2007 |
IDENTIFICATION
DETAILS
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Name : |
WORLD SCOPE CORPORATION |
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Registered Office : |
Yoneda MS Bldg 2F, 5-12-3 Minamiaoyama Minatoku Tokyo 107-0062 |
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Country : |
Japan |
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Financials (as on) : |
30.11.2007 |
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Date of Incorporation : |
Nov. 1990 |
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Legal Form : |
Limited Company |
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Line of Business : |
Business Consultant |
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 3.6 million |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
name and address
WORLD SCOPE CORPORATION
REGD NAME: World Scope KK
MAIN OFFICE: Yoneda MS Bldg 2F,
5-12-3 Minamiaoyama Minatoku Tokyo 107-0062 JAPAN
Tel:
03-5468-3281 Fax: 03-3498-8570
URL: N/A
ACTIVITIES: Business
consultant
BRANCHES: Nil
OFFICERS: TSUTOMU
ODANI, PRES
Shinn’ichi
Ryu, v pres
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY: FINANCES FAIR A/SALES Yen 195 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
32 M
STARTED 1990 EMPLOYES 5
COMMENT: BUSINESS CONSULTANT.
FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 3.6 MILLION, 30 DAYS NORMAL TERMS. .
HIGHLIGHTS
The
subject company was established by Tsutomu Odani jointly with Shin’ichi Ryu in
order to make most of their experiences in the subject line of business. This is a business consultant repre-senting
US firms. Clients include foodstuffs
dealers centrally.
FINANCIAL INFORMATION:
Financials are only partially
disclosed.
The sales volume for Nov/2006
fiscal term amounted to Yen 195 million, a 47% rise from Yen 133 million in the
previous term. This is thanks to the
expansion of client networks in the line of fruits dealing business. Weaker Yen also assisted to uplift sales in
Yen terms. The net profit jumped to Yen
13 million, compared with Yen 2 million a year ago.
For
the current term ending Nov 2007 the net profit is projected at Yen 13 million,
on a 3% rise in turnover, to Yen 200 million.
Business keeps uprising.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 3.6 million, on 30 days normal terms.
REGISTRATION
Date
Registered: Nov 1990
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%): Tsutomu Odani (50), Shin’ichi Ryu
(50)
No. of shareholders:
2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Business consultant (100%).
Clients: [Mfrs, wholesalers] Ocean Spray Cranberries Inc,
Paramount Farms (--USA), Carol Japan,
Cadburry Japan, Snapple, other.
No. of accounts: 30
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers]
Ocean Spray Cranberry Inc (USA), other.
Payment record: Regular
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC (Shibuya)
Relations: Money deposits and transfers only.
FINANCES: (In Million Yen)
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Terms Ending: |
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30/11/2007 |
30/11/2006 |
30/11/2005 |
30/11/2004 |
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Annual
Sales |
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200 |
195 |
133 |
67 |
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Recur.
Profit |
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Net
Profit |
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13 |
13 |
2 |
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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32 |
19 |
17 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
2.56 |
46.62 |
98.51 |
1.52 |
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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 |
6.50 |
6.67 |
1.50 |
1.49 |
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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%)