MIRA INFORM REPORT

 

 

 

Report Date :

05.09.2008

 

IDENTIFICATION DETAILS

 

Name :

GUMPS INTERNATIONAL LTD

 

 

Registered Office :

Tobu Annex 6F, 1-15-2 Nishiikebukuro Toshimaku Tokyo 171-0021

 

 

Country :

Japan

 

 

Date of Incorporation :

October, 1991

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Import, Wholesale, Retail of Jewelry, Handbags, Gift Items

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

Yen 11.4 Million

 

 

Status :

Small Company 

 

 

Payment Behaviour :

Regular

 

 

Name

 

GUMPS INTERNATIONAL LTD

 

 

REGD NAME 

 

KK Gumps International

 

 

MAIN OFFICE

 

Tobu Annex 6F, 1-15-2 Nishiikebukuro Toshimaku Tokyo 171-0021 JAPAN

Tel: 03-5951-1250     Fax: 03-5951-1252

URL:                 http://www.gumps.co.jp/

E-Mail address: info@gumps.co.jp

 

 

ACTIVITIES  

 

Import, wholesale, retail of jewelry, handbags, gift items

 

 

BRANCHES   

 

Tokyo (3), Chiba, Utsunomiya (--in-shops in Tobu Dept Store)

 

 

OFFICER(S)  

 

MOTOHIKO ARIGA, PRES                     Koichi Nezu, ch

Wataru Yamane, rep dir                          Keiichi Yano, dir

Takeo Osa, dir                                       Tadashi Aizawa, dir                               

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 631 M

PAYMENTS      REGULAR                     CAPITAL           Yen 10 M

TREND             STEADY                       WORTH            Yen 134 M

STARTED         1991                             EMPLOYES      40

 

 

COMMENT

           

IMPORTER OF GUMP’S BRAND PRODUCTS, WHOLLY OWNED BY TOBU DEPARTMENT STORE. 

 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY

 

BUSINESS ENGAGEMENTS.

 

 

MAX CREDIT LIMIT

 

YEN 11.4 MILLION, 30 DAYS NORMAL TERMS

 

HIGHLIGHTS

           

The subject company was established as a marketing office in Japan and later was merged into Tobu Department Store Co Ltd, department operator at he caption address (See REGISTRA-TION).  Koichi Nezu, ch at the firm, is concurrently pres at the parent.  This is a trading firm specializing in import, wholesale and retail of jewelry, handbags, gift items of “Gumps” brand.   

 

Operates 5 in-shops in Tobu Department Stores.  The firm decreased the capital in Jul/2005 to Yen 10 million from the previous Yen 1,170 million to wipe off accumulated losses.

           

 

FINANCIAL INFORMATION

 

The firm does not disclose financials except for partial figures.

 

The sales volume for Dec/2007 fiscal term amounted to Yen 631 million, a 3% up from Yen 613 million in the previous term.  This is thanks to the rising prices of the goods handled.  Sales volumes remained almost similar.  The net profit was posted at Yen 55 million, up from Yen 50 million a year ago.

 

For the current term ending Dec 2008 the net profit is projected at Yen 55 million, on a 3% rise in turnover, to Yen 650 million.  Consumer spending is slow to recover.

 

The financial situation is considered maintained FAIR and good for ORDINARY business     engagements.

 

Max credit limit is estimated at Yen 11.4 million, on 30 days normal terms.

 

REGISTRATION

 

Date Registered:　Oct 1991

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800 shares

Issued:                200 shares

Sum:                   Yen 10 million

           

Major shareholders (%): Tobu Department Store Co Ltd*(100)

           

* Department store operator, at the caption address, founded 1946, capital Yen 50 million, turnover Yen 182,500 million, recurring profit Yen 3,988 million, net profit Yen 12,580 million, total assets Yen 80,731 million, employees 1,600, pres Koichi Nezu

           

Nothing detrimental is known as to the commercial morality of executives.

 

 

OPERATION

 

Activities: Imports, wholesales and retails “Gumps” brand jewelry (bracelets, pendants, diamond rings), handbags, photo albums, tableware, lamps, tea cups, Christmas items, other gift ware (--100%)

 

Goods are imported from USA, Italy, France, etc.

 

Operates 5 in-shops in Tobu Department Store.

 

 

Clients

 

[Department stores, hotels] Tobu Department Hotel, Iwataya, Yokohama New Grand Hotel, Hotel Okura, other.

 

No. of accounts: 300

 

Domestic areas of activities: Centered in greater-Tokyo

 

 

Suppliers

 

[Mfrs, wholesalers] Imports from USA, France, Italy, other.

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are owned by the owner, Tobu Department Store Co Ltd, and maintained satisfactorily.

 

 

Bank References

 

Mizuho Bank (Ikebukuro-Nishiguchi)

Relations: Satisfactory

 

 

FINANCES: (In Million Yen)

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the ^ fiscal term.

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.26

UK Pound

1

Rs.79.19

Euro

1

Rs.64.42

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

NR

In view of the lack of information, we have no basis upon which to recommend credit dealings

No Rating

 

 

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%)

 

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions