MIRA
INFORM REPORT
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Report Date : |
27.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
UM CO LTD CO LTD |
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Registered Office : |
453 Bldg, 4-5-3 Roppongi Minatoku Tokyo 106-0032 |
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Country : |
Japan |
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Financials (as on) : |
31.01.2008 |
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Date of Incorporation : |
June 1978 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesale, Retail of Casual Wear |
RATING &
COMMENTS
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MIRA’s Rating : |
Ca |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
YEN 3.0 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
name & address
UM CO LTD CO LTD
REGD NAME: KK UM
MAIN OFFICE: 453 Bldg, 4-5-3 Roppongi Minatoku Tokyo
106-0032 JAPAN
Tel:
03-3403-0138
URL: N/A
ACTIVITIES
Import, wholesale, retail of casual wear
BRANCHES
At the caption address (shop)
OFFICER(S)
KAZUHIRO UMEDA, PRES
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 170 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 31 M
STARTED 1978 EMPLOYES 5
COMMENT
RETAILER OF CASUAL WEAR, IMPORTED MAINLY FROM ITALY.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY
BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 3.0 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Kazuhiro Umeda in order to make most of his experience in the subject line of business. This is a trading house for import and wholesale/retail of casual wear, coming mostly from Italy. Handles designer’s brand goods. Goods are supplied to chain stores, too.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Jan/2007 fiscal term amounted to Yen 170 million, a similar amount in the previous term. The net profit was posted at Yen 1 million, unchanged from previously.
For the term ended Jan 2008 the net profit was projected at Yen 1 million, on a 3% rise in turnover, to Yen 175 million..
The financial situation is considered maintained FAIR and good for ORDINARY business
engagements. Max credit limit is estimated at Yen 3.0 million, on 30 days normal terms.
REGISTRATION
Date Registered: Jun 1978
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200 shares
Sum: Yen 10 million
Major shareholders (%)
Kazuhiro Umeda (100)
Nothing detrimental is known as to his commercial morality
OPERATION
Activities: Imports, retails and wholesales casual wear, imported mostly from Italy (--100%).
Clients
[Consumers, chain stores] Itoya, Tokyu Hands, Sanseido, other.
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers
[Mfrs, wholesalers] Imports from Italy, Also supplied from Yoji Yamamoto, Misaki Shoji, other.
Payment record
Regular
Location
Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
Resona Bank (Akasaka)
MUFG (Roppongi)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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31/01/2008 |
31/01/2007 |
31/01/2006 |
31/01/2005 |
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Annual
Sales |
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175 |
170 |
170 |
175 |
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Recur.
Profit |
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Net
Profit |
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1 |
1 |
1 |
1 |
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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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31 |
30 |
29 |
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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 |
2.94 |
0.00 |
-2.86 |
4.79 |
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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 |
0.57 |
0.59 |
0.59 |
0.57 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/01/2008 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.42.79 |
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UK Pound |
1 |
Rs.85.04 |
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Euro |
1 |
Rs.67.39 |
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%)