MIRA
INFORM REPORT
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Report Date : |
10.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
EIM CO LTD |
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Registered Office : |
Eim House, 4-2-5 Isogamidori Chuoku Kobe 651-0086 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
March 1990 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale, Retail of Confectionery |
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 81.6 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
EIM CO LTD
REGD NAME: KK Eimu
MAIN OFFICE: Eim House, 4-2-5
Isogamidori Chuoku Kobe 651-0086 JAPAN
Tel:
078-230-7371 Fax: 078-230-7381
* The given
phone/Fax numbers are of its Tokyo Branch Office & Delicatessen & Co (subsidiary) at: Eim Kudan
Bldg, 1-2-11 Kudankita Chiyodaku Tokyo
E-Mail address: info@eim.co.jp
ACTIVITIES
Import, wholesale, retail of confectionery
BRANCHES
Tokyo
SHOPS
30 stores operated by Delicatessen Co Ltd (wholly owned
subsidiary) nationwide
FACTORY(IES)
Kobe
OFFICER(S)
AKIHIRO YASUGI, PRES
Kiyomi Yasugi, dir
Shinji Yasugi, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,200 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND STEADY WORTH Yen 340 M
STARTED 1990 EMPLOYES 40
COMMENT
IMPORTER OF CONFECTIONERY, WITH MFG DIVISION.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT
ENGAGERMENTS: US$15,000.
MAX CREDIT LIMIT
YEN 81.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Akihiro Yasugi in order to make most of his experience in the subject line of business. This is a trading firm, owned & operated by Yasugi family, spe- cializing in import and wholesale of confectionery, sweets, foods, other. Goods are imported from Europe, USA, Asia, other. Operates 30 retail stores nationwide by a subsidiary, Delicatessen & Co Ltd. Also operates a hotel (Hotel Shunka). A well-known confectionery company.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2007 fiscal term amounted to Yen 3,200 million, a 12% hike from Yen 2,850 million in the previous term. Consumer spending rose. The net profit was posted at Yen 91 million, down from Yen 160 million a year ago. The rising prices ate into profits.
For the term just ended Mar 2008 the net profit was projected at Yen 95 million, on a 9% rise in turnover, to Yen 3,500 million.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 81.6 million, on 30 days normal terms. The proposed amount is considered well within the firm’s financial capabilities.
REGISTRATION
Date Registered: Mar 1990
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 4,000 shares
Issued: 1,000 shares
Sum: Yen 50 million
Major shareholders (%)
Akihiro Yasugi (70), Kiyomi Yasugi (10)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, wholesales and retails confectionery (--100%).
Operates 30 retail stores by a subsidiary, Delicatessen & Co Ltd, nationwide.
(Brands handled): LACASA, KIM’S, Villars, ICAM, HAMLET INTERNATIONAL NV,
VK Confectionery, Revillon Chocolatier, Wernli, Nestle, THE LORENZ BAHLSEN, Paterson
Arran, Ferelis, Laurieli, Colibri, Spangler, AB KARAMELLPOJKARNE, AKELLAS, etc.
Clients
[Wholesalers, retailers] Traveller Co, Itochu Corp, JTB, UFJ, Toys “R”US Japan, Hamaya Co, Plaza Style Co, Sanyodo, other.
No. of accounts
1,000
Domestic areas of activities
Nationwide
Suppliers
[Mfrs, wholesalers] Imports from USA, Canada, Belgium, Germany, France, UK, Italy Switz, Spain, Russia, Sweden, Netherlands, Greece, Australia, New Zealand, Indonesia, China, Hong Kong, other.
Domestically supplied from Meidi-Ya Ltd, Kitano Shoji, San-Esu Inc, Suzusho, other.
Payment record
Regular
Location
Business area in Kobe. Office premises at the caption address are owned and maintained satisfactorily.
Bank References
SMBC (Kobe)
MUFG (Kobe)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/03/2008 |
31/03/2007 |
31/03/2006 |
31/03/2005 |
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Annual
Sales |
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3,500 |
3,200 |
2,850 |
2,573 |
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Recur.
Profit |
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Net
Profit |
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95 |
91 |
160 |
130 |
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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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340 |
249 |
89 |
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Capital,
Paid-Up |
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50 |
50 |
50 |
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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 |
9.38 |
12.28 |
10.77 |
59.81 |
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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 |
2.71 |
2.84 |
5.61 |
5.05 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2008 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%)