MIRA
INFORM REPORT
|
Report Date : |
01.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
KOGYOKU CO LTD |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.04.2007 |
|
|
|
|
Date of Incorporation : |
May 1985 |
|
|
|
|
Legal Form : |
Private Limited Company (Yugen Kaisha) |
|
|
|
|
Line of Business : |
Retail of gemstones, jewelry products |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
name
KOGYOKU CO LTD
REGD NAME
YK Kogyoku Shoji
MAIN OFFICE
Tel : 0422-22-4534
Fax : 0422-22-8848
*.. The given
address at 1-1-12 Kichijoji Honcho is the store address.
URL: N/A
ACTIVITIES
Retail of
gemstones, jewelry products
STORES
Kichijoji adjacent
to the caption address (1-1-12 Kichijoji-Honcho Musashino)
FACTORY(IES)
(subcontracted)
OFFICER(S)
HIDEYUKI FURUKAWA,
PRES
Keiko Furukawa,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR
A/SALES Yen 435 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen
64 M
STARTED 1985 EMPLOYES 4*
*.. Regular staffs
only, not including part-timers
COMMENT
RETAILER SPECIALIZING IN JEWELRY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS:
US$100,000 / O/A 90 DAYS.
HIGHLIGHTS
The subject company was established by Hideyuki Furukawa in
order to make most of his experience in the subject line of business. Keiko is his wife. Owned and operated solely by the Furukawa
family, the firm specializes in retailing gemstones, special metals, necklaces,
bracelets, fingerings, earrings, broaches, other jewelry products and
accessories. Gem stones are partially
subcontracted mfg & processing to domestic jewelry processors. About 60% of the goods are imported directly
from
FINANCIAL INFORMATION
The firm stopped releasing financials (albeit partial) as from the 30/04/2005 fiscal term. The following figures have been obtained from outside sources which, however, the firm declined to confirm. All figures are therefore based on the information from outside sources.
The sales volume for Apr/2006 fiscal term is reported amounted to Yen 435 million, a 4% up from Yen 417 million in the previous term. The net profit was posted at Yen 3 million, up from Yen 2 million a year ago. Consumer spending is seen recovering.
For the term ended Apr 2007 the net profit is believed posted
at Yen 3 million, on a 3% rise in turnover, to Yen 450 million. This is largely thanks to the weaker Yen
against foreign currencies which resulted to lift sales in Yen terms. This business faces severe competition on
prices with lower-priced imports coming in from
The financial situation is considered maintained FAIR and for ORDINARY business engagements. The proposed amount for 90 days terms is considered within the firm’s financial capabilities.
REGISTRATION
Date Registered: May 1985
Legal Status: Private Limited Company (Yugen
Kaisha)
Regd Capital: Yen 10 million
Major shareholders (%): Hideyuki Furukawa (50), Keiko Furukawa (50)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports and retails gemstones, precious metals, fingerings, necklaces, bracelets, earrings, broaches, pendants, charms, other jewelry products & accessories (--100%).
About 60% of the products are imported from
Clients: Consumers
No. of accounts: Unavailable
Domestic areas of activities: Limited in
Suppliers: [Jewelry processors, wholesalers] Murakami Necklace
and other domestic jewelry processors.
Also imports from
Payment record:
Regular
Location: Business area in
Bank References
SMBC (Kichijoji)
Tama Shinkin Bank
(Kichijoji)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
30/04/2007 |
30/04/2006 |
30/04/2005 |
30/04/2004 |
|
|
Annual
Sales |
|
450 |
435 |
417 |
439 |
|
|
Recur.
Profit |
|
|
|
|
|
|
|
Net
Profit |
|
3 |
3 |
2 |
2 |
|
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
|
Net
Worth |
|
|
64 |
61 |
59 |
|
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
||
|
S.Growth Rate |
3.45 |
4.32 |
-5.01 |
-0.45 |
||
|
Current Ratio |
|
|
.. |
.. |
.. |
|
|
N.Worth Ratio |
|
.. |
.. |
.. |
||
|
N.Profit/Sales |
0.67 |
0.69 |
0.48 |
0.46 |
||
Notes: Financials
are only partially disclosed.
Estimated figures
for the 30/04/2007 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. |
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%)