MIRA
INFORM REPORT
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Report Date : |
30.04.2008 |
IDENTIFICATION
DETAILS
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Name : |
IMACBC CO LTD |
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Registered Office : |
Pacific City Nishishinjuku 11F, 3-2-7 Nishishinjuku Shinjukuku Tokyo
160-0023 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
June 1988 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturing, Wholesale, Retail of
Jewelry (Online & TV Shops) |
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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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
name
IMACBC CO LTD
REGD NAME
KK Imacbc
MAIN OFFICE
Pacific City Nishishinjuku 11F, 3-2-7 Nishishinjuku Shinjukuku Tokyo
160-0023 JAPAN
Tel : 03-3344-1170
Fax : 03-3344-1171
URL : http://www.wisecart.ne.jp/
E-Mail address:gem@wisecart.ne.jp
ACTIVITIES
Mfg, wholesale, retail of jewelry (online & TV shops)
SHOP(S)
At the caption address (Shop name: Gems Factory)
OFFICER(S)
TOHRU IMAHASHI, PRES
Masako Imahashi, dir
Rieko Itoh, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,743 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH Yen 115 M
STARTED 1988 EMPLOYES 38
COMMENT
MFR & WHOLESALER SPECIALIZING IN JEWELRY. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Tohru Imahashi in order to make most of his experience in the subject line of business. Owned and managed by the Imahashi family, the firm specializes in jewelry with integrated operations of mfg, designing, processing, marketing (wholesale & retail), etc. Imports loose diamonds and other gem stones directly from producing countries, such as India, Israel, Belgium, Thailand, other. Processed jewelry products are principally diamond-mounted goods, such as, fingerings, necklaces, pendants, broaches, pierced earrings, other products. Also imports Elma ultrasonic cleaning equipment from Germany. Loose stones and jewelry products are also retailed online and TV shopping.
FINANCIAL INFORMATION
The firm disclosed its full financials for the first time for the 31/03/2005 fiscal term. Net worth was updated according to the disclosed financials.
The
sales volume for Mar/2006 fiscal term amounted to Yen 1,743 million, a 17% up
from Yen 1,493 million in the previous term.
Online & TV shopping fared extremely well. The net profit was posted at Yen 23 million, up from Yen 8
million a year ago.
For the term ended Mar 2007 the net profit was projected at and
believed posted at Yen 28 million, on a 20% rise in turnover, to Yen 2,100
million. Online shop & TV shop
continued rising. Weaker Yen also aided
to uplift sales in Yen terms.
The financial situation is considered maintained FAIR and
should be good for ORDINARY business engagements.
REGISTRATION
Date Registered: Jun
1988
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 800
shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%): Tohru Imahashi (63), Masako Imahashi
(34), Sadao Tanzawa (3)
No. of shareholders: 3
Nothing detrimental is known as to the commercial morality
of executives.
OPERATION
Activities: Integrated operations from mfg, designing, planning, processing, and marketing of jewelry, including import of diamonds & other gem stones: Imports diamonds (major portion of imports), rubies, sapphires, emeralds, opals, pearls, garnets, corals, and other precious stones and metals, including products based on these stones;
Mfg, processing, designing, and marketing of: (principally
diamond-mounted) fingerings, pierced earrings,
broaches, necklaces, pendants, cameos, charms, other products (--100%).
Services include maintenance, repairing, remodeling of the
jewelry products. Also imports Elma ultrasonic cleaning units from Germany.
Clients: [Department stores, specialty stores, consumers] Mitsukoshi, Tokyu Department Stores, Saison Direct Marketing, Daimaru, Charade Co, Diners Club Japan, other.
No. of accounts: 300 (wholesale div only)
Domestic areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] Classic Diamond, El Tres Co, Precious Metal Nikko, other.
Diamonds and other gem stones are imported directly from
Belgium, Israel, India, Thailand, etc. Imports ultrasonic cleaning apparatus from
Elma (Germany), too.
Payment record: Regular
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained
satisfactorily.
Bank References
SMBC (Shinjuku-Nishiguchi)
MUFG (Shinjuku)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/03/2006 |
31/03/2005 |
31/03/2004 |
31/03/2003 |
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Annual
Sales |
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1,743 |
1,494 |
1,174 |
1,425 |
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Recur.
Profit |
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Net
Profit |
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23 |
8 |
6 |
8 |
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Total
Assets |
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590 |
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Current
Assets |
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511 |
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Current
Liabs |
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218 |
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Net
Worth |
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115 |
107 |
101 |
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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 |
16.67 |
27.26 |
-17.61 |
-11.76 |
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Current Ratio |
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.. |
234.40 |
.. |
.. |
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N.Worth Ratio |
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19.49 |
.. |
.. |
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R.Profit/Sales |
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.. |
.. |
.. |
.. |
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N.Profit/Sales |
1.32 |
0.54 |
0.51 |
0.56 |
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Return On Equity |
.. |
6.96 |
5.61 |
7.92 |
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Notes:
Financial statement was disclosed for the first time for the 31/03/2005 fiscal
term.
The
figures for the 31/03/2006 fiscal term are confirmed.
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%)