MIRA
INFORM REPORT
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Report Date : |
29.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
STUDIO GRAPHIC INC |
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Registered Office : |
Treverno 3F, 1-10-8 Ebisu Shibuyaku Tokyo 150-8188 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2007 |
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Date of Incorporation : |
November 1996 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, export, wholesale of cosmetics, health foods |
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. |
Small |
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Maximum Credit Limit : |
YEN 21 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
STUDIO GRAPHIC INC
REGD NAME: KK Studio Graphico
MAIN OFFICE: Treverno 3F, 1-10-8 Ebisu Shibuyaku Tokyo
150-8188 JAPAN
Tel:
03-5475-8188 Fax: 03-5475-8178
E-Mail address: info@e-expo.net
ACTIVITIES
Import, export, wholesale of cosmetics, health foods
BRANCHES
Nil
OFFICER(S)
SUMIYO HASEGAWA, PRES
Takakazu Shimazu, v pres
Kazunori Hosoda, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,000 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 214 M
STARTED 1996 EMPLOYES 20
COMMENT
IMPORTER, EXPORTER AND WHOLESALER OF COSMETICS & HEALTH
FOODS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 21 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Sumiyo Hasegawa in order to make most of her experience in the subject line of business. A trading firm specializing in import, export and wholesale of cosmetics, health foods, others. Exports to Singapore, Korea, Hong Kong, Taiwan, other. Goods are also sold online.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Jun/2007 fiscal term amounted to Yen 1,000 million, a 20% down from Yen 1,250 million in the previous term. This was due to one-lot large volume was ordered in the previous term. The net profit was posted at Yen 35 million, down from Yen 37 million a year ago.
For the current term ending Jun 2008 the net profit is projected at Yen 35 million, on a 20% rise in turnover, to Yen 1,200 million.
The financial situation is considered FAIR and good for RODINARY business engagements. Max credit limit is estimated at Yen 21 million, on 30 days normal terms.
REGISTRATION
Date Registered: Nov 1996
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%)
Sumiyo Hasegawa (100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports and wholesales (including online sales) of cosmetics, health foods, others (--100%).
Clients
[Online stores, wholesalers] Jupiter Shop Channel, Ida Ryogokudo, other.
Exports to Korea, Taiwan, Hong Kong, Singapore, etc.
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Kagoshima TV Broadcasting, Tokyo Metropolitan TV, Sakuma Confectionery, Millot Cosmetic Corp, other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
SMBC (Ebisu)
MUFG (Higashiebisu)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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30/06/2008 |
30/06/2007 |
30/06/2006 |
30/06/2005 |
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Annual
Sales |
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1,200 |
1,000 |
1,250 |
380 |
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Recur.
Profit |
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Net
Profit |
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35 |
35 |
37 |
35 |
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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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214 |
179 |
142 |
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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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<Analytical Data> |
(%) |
(%) |
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(%) |
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S.Growth Rate |
20.00 |
-20.00 |
228.95 |
111.11 |
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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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.. |
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N.Profit/Sales |
2.92 |
3.50 |
2.96 |
9.21 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/06/2008 fiscal
term.
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%)