MIRA
INFORM REPORT
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Report Date : |
06.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
PELICAN CO LTD |
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Registered Office : |
2-11-22 Minamisemba Chuoku Osaka 542-0081 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2007 |
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Date of Incorporation : |
May 2003 |
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Com. Reg. No.: |
Osaka) 1299-01-129088 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Retail of Men’s and Women’s Casual 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 3.3 Million |
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Status : |
Moderate |
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Payment Behaviour : |
Regular |
name & address
PELICAN CO LTD
REGD NAME: KK Pelican
MAIN OFFICE: 2-11-22 Minamisemba
Chuoku Osaka 542-0081 JAPAN
Tel:
06-6241-8699 Fax: 06-6241-8677
URL: http://www.grouppelican.com (under
repair)/
E-Mail address: m.kogama@grouppelican.com
ACTIVITIES
Retail of men’s & women’s casual wear
STORES
Osaka (2), Kobe
FACTORY(IES)
(subcontracted)
OFFICER(S)
MIZUKA MUNAKATA, PRES
Soji Satoh, dir
Masayuki Arita, dir
Yen Amount
In million Yen, unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 170 M
PAYMENTS REGULAR CAPITAL Yen 50 M
TREND UP WORTH Yen 55 M
STARTED 2003 EMPLOYES 9
COMMENT
RETAILER SPECIALIZING CASUAL WEAR FOR MEN & WOMEN.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT
YEN 3.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Mizuka Munakata as YK Rheingold for retailing men’s & women’s casual wear, at Minamihorie Nishiku Osaka. In Feb 2008, renamed as captioned and moved the Registered Office to the caption address. Specializes in retailing casual wear for men & women, operating 3 stores in Osaka & Kobe. Goods are sold online, too.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Apr/2007 fiscal term amounted to Yen 170 million, a 13% up from Yen 150 million in the previous term. This is attributed to the enlarged store spaces for one of stores. The net profit remained unchanged at Yen 1 million.
For the current term ending Apr 2008 the net profit is projected at Yen 1 million, on a 6% rise in turnover, to Yen 180 million.
The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. Max credit limit is estimated at Yen 3.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: May 2003
Regd No: (Osaka) 1299-01-129088
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 2,000 shares
Issued: 1,000 shares
Sum: Yen 50 million
Major shareholders (%)
Mizuka Munakata (100)
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Retails casual wear & accessories for men (50%) and women (50%), operating three stores in Osaka & Kobe.
Goods are also sold online.
Clients
Consumers
No. of accounts
Unavailable
Domestic areas of activities
Centered in greater-Osaka
Suppliers
[Mfrs, wholesalers] Diesel Japan, IPGI, Coronet, Sann Freres, Paradox, Sanki Shoji, other.
Payment record
Regular
Location
Business area in Osaka. Office premises at the caption address are leased and maintained satisfactorily.
Bank References
SMBC (Tsuruhashi)
Relations: Satisfactory
FINANCES: (In Million Yen)
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Terms Ending: |
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30/04/2008 |
30/04/2007 |
30/04/2006 |
30/04/2005 |
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Annual
Sales |
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180 |
170 |
150 |
130 |
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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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55 |
54 |
53 |
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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 |
5.88 |
13.33 |
15.38 |
#DIV/0! |
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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 |
0.56 |
0.59 |
0.67 |
0.77 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 30/04/2008 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%)