MIRA
INFORM REPORT
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Report Date : |
02.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
M B C CO LTD |
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Registered Office : |
Nippo-Honmachi Bldg 601, 2-4-6 Minamihonmachi Chuoku Tokyo 541-0054 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2008 |
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Date of Incorporation : |
August 1994 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale of Ladies’ & Children’s Wear |
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 6 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
M B C CO LTD
REGD NAME: KK M B C
MAIN OFFICE: Nippo-Honmachi Bldg 601, 2-4-6 Minamihonmachi
Chuoku Tokyo 541-0054JAPAN
Tel:
06-6268-7373 Fax: 06-6268-7374
URL: N/A
ACTIVITIES
Import, wholesale of ladies’ & children’s wear
BRANCHES
Nil
OFFICER(S)
MASAFUMI KIJIMA, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 400 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 36 M
STARTED 1994 EMPLOYES 1
COMMENT
IMPORTER AND WHOLESALER SPECIALIZING IN WOMEN’S KNITWEAR.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 6 MILLION, 30 DAYS, WE RECOMMENDING SECURED TERMS ON NEW TRANSACTIONS.
HIGHLIGHTS
The subject company was established by Masafumi Kijima in order to make most of his experience in the subject line of company. This is a one-man operated trading firm for import and wholesale of clothing (knitwear centrally) & clothing accessories for women & children. Goods are imported from subcontracted makers in China, Korea, other. Clients are specialty stores in Osaka.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Dec/2007 fiscal term amounted to Yen 400 million, a 29% hike from Yen 310 million in the previous term. Not that sales sharply increased but that the previous year’s sales declined due to some inventory adjustment when imports were suspended. The net profit was posted at Yen 4 million, up from Yen 2 million a year ago.
For the current term ending Dec 2008 the net profit is projected at Yen 4 million, on a 3% rise in turnover, to Yen 410 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 6 million, 30 days, we recommending secure terms on new transactions.
REGISTRATION
Date Registered: Aug 1994
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%)
Masafumi Kijima (100)
Nothing detrimental is known as to his commercial morality.
OPERATION
Activities: Imports and wholesales women’s & children’s knitwear, clothing accessories, other (--100%)
Goods are imported from subcontracted makers in China, Korea, other.
Clients
[Specialty stores] Bell House Co, Misawa Co, other
No. of accounts: Limited
Domestic areas of activities: Centered in greater-Osaka
Suppliers
[Mfrs, wholesalers] Imports from China, Korea, other
Domestically supplied from Koike Co, other
Payment record
Regular
Location
Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Kiyo Bank (Kishiwada)
MUFG (Kawaramachi)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/12/2008 |
31/12/2007 |
31/12/2006 |
31/12/2005 |
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Annual
Sales |
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410 |
400 |
310 |
380 |
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Recur.
Profit |
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Net
Profit |
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4 |
4 |
2 |
-3 |
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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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36 |
32 |
30 |
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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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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
2.50 |
29.03 |
-18.42 |
-4.52 |
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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 |
0.98 |
1.00 |
0.65 |
-0.79 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/12/2008 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%)