MIRA
INFORM REPORT
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Report Date : |
14.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
MEMO’S CO LTD |
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Registered Office : |
Italia Bldg, 2-2-7, Minamikyuhojimachi
Chuoku, Osaka 541-0058 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2007 |
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Date of Incorporation : |
Jul 1987 |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer, Wholesaler of Garments, Wines, Other Foodstuffs from Italy; Operation of Italian restaurants |
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 35.1 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name
MEMO’S CO LTD
REGD NAME
KK Memo’s
MAIN OFFICE
Italia Bldg, 2-2-7
Minamikyuhojimachi Chuoku
Osaka 541-0058 JAPAN
Tel: 06-6264-5151
Fax: 06-6266-0747
E-Mail address: info@memos.co.jp
ACTIVITIES
Import, wholesale of garments, wines, other foodstuffs from
Italy; Operation of Italian restaurants
BRANCHES
Tokyo
RESTAURANTS Osaka
(2)
OFFICER(S)
DOMENICO CANTATORE, PRES
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,944 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND STEADY WORTH Yen 240 M
STARTED 1983 EMPLOYES 60
COMMENT
IMPORTER OF ITALIAN WINES & FOODS; OPERATOR OF ITALIAN RESTAURANTS. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 35.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established by Dr Domenico Cantatore, Italian resident, for
importing clothing & accessories from Italy. Also handles wines, pasta, other Italian foodstuffs. Operates two Italian restaurants, Catena
Ristorante Italiano COLOSSEO, in Osaka.
Imports Italian shoes RUCOLINE, too.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The
sales volume for Jul/2007 fiscal term amounted to Yen 1,944 million, a 4% up
from Yen 1,874 million in the previous term.
Restaurants operation started on stream. The net profit was posted at Yen 26 million, up Yen 25 million a
year ago.
For
the current term ending Jul 2008 the net profit is projected at Yen 27 million,
on a 3% rise in turnover, to Yen 2,000 million.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 35.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jul
1987
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%): Domenico
Cantatore (100)
Nothing detrimental is known as to ^the commercial morality
of executives.
OPERATION
Activities: Imports and
wholesales ladies’ fashion clothing, ladies’ shoes (RUCO LINE), clothing
accessories, bags, others (--70%); wines, spirits, beer, pasta, olive oil, wine
vinegar, canned tomatoes, green olives, tomato sauces, porcini powder,
antichokes, others (--30%).
Operates two Italian restaurants
in Osaka.
Goods are imported from Italy
centrally.
Clients
[Department stores, chain
stores, wholesalers, hotels, restaurants] Etoile-Kaito, Daimaru, Matsuzakaya,
Sun Motoyama Co, other.
No. of accounts: 500
Domestic areas of activities: Nationwide
Suppliers
[Mfrs, wholesalers] Castel del Monte, Luco, other from Italy.
Payment Record: Regular
Locations
Business
area in Osaka. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References
Mizuho Bank (Minamisemba)
Kinki Osaka Bank (Honmachi)
Relations: Satisfactory
FINANCES: (In Million
Yen)
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Terms
Ending: |
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31/07\2008 |
31/07\2007 |
31/07\2006 |
31/07\2005 |
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Annual
Sales |
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2,000
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1,944
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1,874
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1,917
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Recur.
Profit |
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Net
Profit |
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27 |
26 |
25 |
23 |
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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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240 |
214 |
189 |
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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 |
2.88 |
3.74 |
-2.24
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12.57
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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 |
1.35 |
1.34 |
1.33 |
1.20 |
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Notes
Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/07/2008 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%)