MIRA
INFORM REPORT
|
Report Date : |
22.09.2007 |
IDENTIFICATION DETAILS
|
Name : |
ISHIZAWA LABORATORIES INC |
|
|
|
|
Registered Office : |
Flats Omotesando 301, 4-4-9 Jingumae Shibuyaku |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
30.11.2006 |
|
|
|
|
Date of Incorporation : |
Dec 1989 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki
Kaisha) |
|
|
|
|
Line of Business : |
Import, wholesale, mfg of
cosmetics, body-care, hair-care 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 |
|
Maximum Credit Limit : |
Yen 38.4 millions |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Regular |
name
ISHIZAWA
LABORATORIES INC
REGD NAME
KK Ishizawa
Kenkyusho (Kenkyusho is Laboratories)
MAIN OFFICE
Flats Omotesando 301,
4-4-9 Jingumae Shibuyaku
Tel : 03-3796-2821
Fax : 03-3796-2824
URL : http://www.ishizawa-lab.co.jp/
E-Mail
address: info@ishizawa-lab.co.jp
ACTIVITIES
Import,
wholesale, mfg of cosmetics, body-care, hair-care products
BRANCHES
Nil
FACTORY(IES)
Natural
Laboratories (subsidiary maker)
OFFICERS
UKIO
ISHIZAWA, PRES Noriyuki
Ishizawa, s/mgn dir
Sachiko
Sonohara, mgn dir Sachiko
Ishizawa, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,100 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND STEADY WORTH Yen
340 M
STARTED 1989 EMPLOYES 50
COMMENT
MFR, IMPORTER AND WHOLESALER OF COSMETICS & TOILETRIES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 38.4 MILLION, 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company was established by Ukio Ishizawa in order
to make most of his previous experience in the subject line of business. This is a trading firm, with mfg division,
specializing in cosmetics and toiletries.
Imports foreign brand goods from
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Nov/2006 fiscal term amounted to Yen 2,100 million, a 5% up from Yen 2,000 million in the previous term. The net profit remained similar at Yen 60 million. Due to weaker Yen import costs went up. Some were unable to be passed onto clients.
For the current term ending Nov 2007 the net profit is projected at Yen 60 million, on a 5% rise in turnover, to Yen 2,200 million.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 38.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec 1989
Legal
Status: Limited Company
(Kabushiki Kaisha)
Authorized: 4,000 shares
Issued: 1,000 shares
Sum: Yen
50 million
Major shareholders (%): Ukio
Ishizawa and families (--100)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, wholesales and manufactures cosmetics, toiletries, hair-care, body-case, other products (--100%).
(Products handled):
Facial-Care Products: cleansing cream & lotion, gel cream, essence, lip cream, UV protective cream/moistures, acne barrier, other
Hair-Care Products: shampoo,
treatment, color treatment, hair loss treatment;
Body-Care & Bath Goods: bath agents, soaps, detergents, other;
Make Up Products: foundation,
eye-make, lipsticks, nail-care, powder.
(Handling Brands/Suppliers):
NATUR VITAL HAIR MASK, HAIR LOSS
TREATMENT/Disna SH (
Hairgum/Laboratoire Ariland (France);
Geomar/Mirato Spa (
Preme (Natural)/Picaso Naturals
Laboratory Co Ltd (
BeYu/BeYu Cosmetics & More GmbH (
Clients: [Specialty stores, wholesalers, department stores]
Loft Co, Tokyu Hands,
No. of
accounts: 300
Domestic
areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Estate Chemical, Beauty Cosmetic, Takemoto Youki Co, Tokyo Koyama Plastic, Senil Laboratories Inc, KK Adnac, other.
Imports
from
Payment
record: Regular
Location: Business area in
Bank References
Resona
Bank (Todoroki)
MUFG
(Omotesando)
Relations:
Satisfactory.
FINANCES
(In
Million Yen)
|
Terms Ending: |
|
30/11/2007 |
30/11/2006 |
30/11/2005 |
30/11/2004 |
|
|
Annual
Sales |
|
2,200 |
2,100 |
2,000 |
1,750 |
|
|
Recur.
Profit |
(*) |
|
|
132 |
107 |
|
|
Net
Profit |
|
60 |
60 |
60 |
50 |
|
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
|
Net
Worth |
|
|
340 |
280 |
220 |
|
|
Capital,
Paid-Up |
|
|
50 |
50 |
50 |
|
|
Div.P.Share(¥) |
|
|
|
|
|
|
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
||
|
S.Growth Rate |
4.76 |
5.00 |
14.29 |
9.38 |
||
|
Current Ratio |
|
|
.. |
.. |
.. |
|
|
N.Worth Ratio |
|
.. |
.. |
.. |
||
|
N.Profit/Sales |
2.73 |
2.86 |
3.00 |
2.86 |
||
Note:
Financials are only partially disclosed.
Forecast
(or estimated) for the 30/11/2007 fiscal term.
(*) Pretax
profits disclosed from the Taxation Office.
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%)