MIRA
INFORM REPORT
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Report Date : |
02.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
BIRZ ASSOCIATION CO LTD |
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Registered Office : |
Nash Bldg 4F, 3-26-7 Sendagaya Shibuyaku Tokyo 151-0051 |
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Country : |
Japan |
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Financials (as on) : |
29.02.2008 |
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Date of Incorporation : |
May 2001 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Women’s Fashion Clothing; Oem
Production |
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 43.8 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
Note:
We have finally located the firm. The difficulty started when the phone number was different. Also there is no synonym for “Birz” name, which finally was found that its Japanese name is pronounced as “BAAZU”, not in anyway associated with the English. Note that Address in different, which is stated in the report.
name & address
BIRZ ASSOCIATION
CO LTD
REGD NAME: KK Baazu Association
MAIN OFFICE: Nash Bldg 4F, 3-26-7 Sendagaya Shibuyaku Tokyo
151-0051 JAPAN
Tel:
03-3402-1885
* The given address is its OEM
production division at: Lances Harajuku Bldg 3F, 3-32-5 Sendagaya Shibuyaku Tokyo; Tel: 03-5786-3655; Fax: 03-5411-1162,
as given.
URL: http://www.language.kir.jp/ (Japanese only)
E-Mail address: (thru
the URL)
ACTIVITIES
Import, wholesale of women’s fashion clothing; OEM
production
SHOPS
7 (Tokyo & Osaka)
FACTORY (IES)
Shanghai (China); Chiba
OFFICER(S)
OSAMU NISHIMARU, PRES
Izumi Nishimaru, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 2,220 M
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND STEADY WORTH Yen 134 M
STARTED 2001 EMPLOYES 42
COMMENT
IMPORTER OF LADIES’ FASHION CLOTHING; OEM PRODUCTION.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 43.8 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Osamu Nishimaru in order to make most of his experience in the subject line of business. This is a trading house, with mfg division, for import and wholesale of ladies’ fashion clothing and clothing accessories. Offers OEM production of clothing, too. Operates clothing factory in Shanghai. Goods supplied to department stores, specialty apparel stores, other, nationwide.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Feb/2008 fiscal term amounted to Yen 2,220 million, a 48% sharp hike from Yen 1,500 million in the previous term. Production started in order as scheduled at Shanghai clothing factory, including those subcontracted factories. The net profit leapt to Yen 76 million from Yen 45 million a year ago.
For the current term ending Feb 2009 the net profit is projected at Yen 80 million, on a 13% rise in turnover, to Yen 2,500 million. Shipment to department stores will increase.
The financial situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 43.8 million, on 30 days normal terms.
REGISTRATION
Date Registered: May 2001
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240 shares
Issued: 60 shares
Sum: Yen 3 million
Major shareholders (%)
Osamu Nishimaru (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Manufactures, imports and wholesales women’s fashion clothing, clothing accessories; offering OEM production of women’s clothing, too (--100%).
Operates 7 retail stores in Tokyo & Osaka.
Has clothing factory in Shanghai (China)
(Brands): Language, Smorke, and original brands
Goods are retailed widely online, too.
Clients
Department stores, apparel makers, apparel stores, consumers, other
No. of accounts: 300
Domestic areas of activities: Nationwide
Suppliers
[Apparel mfrs, wholesalers] Takisada Nagoya, Marubeni Corp, Toray Alfart, other.
Imports from Shanghai clothing factory and other subcontracted factories.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
MUFG (Harajuku)
Mizuho Bank (Not available)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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28/02/2009 |
29/02/2008 |
28/02/2007 |
28/02/2006 |
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Annual
Sales |
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2,500 |
2,220 |
1,500 |
1,000 |
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Recur.
Profit |
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Net
Profit |
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80 |
76 |
45 |
10 |
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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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134 |
58 |
13 |
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Capital,
Paid-Up |
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3 |
3 |
3 |
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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 |
12.61 |
48.00 |
50.00 |
42.86 |
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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 |
3.20 |
3.42 |
3.00 |
1.00 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 28/02/2009 fiscal
term.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.37 |
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UK Pound |
1 |
Rs.84.00 |
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Euro |
1 |
Rs.65.96 |
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%)