MIRA INFORM REPORT

 

 

Report Date :           

27.04.2011

 

IDENTIFICATION DETAILS

 

Name :

SIXTY JAPAN CO LTD

 

 

Registered Office :

2-27-5 Jingumae Shibuyaku Tokyo 150-0001

 

 

Country :

Japan

 

 

Date of Incorporation :

April 2003

 

 

Com. Reg. No.:

(Tokyo-Shibuyaku) 087377

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Retail, Wholesale of Clothing & accessories

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

 

 

Payment Behaviour :

Regular

 

 

Litigation :

----

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – December 31, 2010

 

Country Name

Previous Rating

                   (30.09.2010)                  

Current Rating

(31.12.2010)

Japan

a1

a1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company Name

 

SIXTY JAPAN CO LTD

 

 

REGD NAME 

 

Sixty Japan KK

 

 

MAIN OFFICE

 

2-27-5 Jingumae Shibuyaku Tokyo 150-0001 JAPAN

Tel: 03-5413-4373     Fax: 03-5413-4372

 

*.. The given address is its Roppongi store

 

URL:                 N/A                              

 

 

ACTIVITIES  

 

Import, retail, wholesale of clothing & accessories

 

 

BRANCHES   

 

Tokyo (2), Osaka (Stores)

 

 

OFFICER(S)

 

TAKESHI NAKAMURA, PRES

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    R/WEAK           A/SALES          Yen 607 M*

PAYMENTS                  REGULAR         CAPITAL           Yen 80 M

TREND             SLOW              WORTH            Yen 150 M*

STARTED                     2003                 EMPLOYES      20

                                    *.. All figures as of Dec/2005 fiscal term as the firm does not disclose any

                                    of its financials after that term. 

 

COMMENT    

 

IMPORTER AND RETAILER SPECIALIZING IN CLOTHING & ACCESSORIES, OWNED BY SIXTY ITALY SPA. 

 

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS

 

MAX CREDIT LIMIT: UNABLE TO BE ASSESSED WITHOUT PROVEN BUSINESS, WHCH THE FIRM DECLINED TO DISCLOSE.

 

 

HIGHLIGHTS

           

The subject company was established by Sixty Italy Spa as its marketing arm in Japan.  This is a trading firm specializing in importing, wholesaling and retailing clothing & accessories branded as “Miss Sixty”.  Goods are imported from the parent and group firms.

 

 

FINANCIAL INFORMATION

 

Financials are not disclosed.

 

The sales volume for Dec/2005 fiscal term amounted to Yen 607 million, a 118% up from Yen 278 million in the previous term.  The net profit was posted at Yen 9 million, compared with Yen 1 million a year ago.  The firm stopped disclosing any of its financials since this term.  No other sources have any data at all.  The firm says financials are consolidated by the Italian parent and not authorized to disclose.  .

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is unable to be assessed due to the lack of proven business records. 

 

 

REGISTRATION

 

Date Registered:  Apr 2003

Regd No.:          (Tokyo-Shibuyaku) 087377

Legal Status:   　Limited Company (Kabushiki Kaisha)

Authorized:      　1,600 shares

Issued:             　1,600 shares

Sum:                　Yen 80 million

Major shareholders (%): Sixty Italy Spa (100)

           

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

 

 

OPERATION

 

Activities: Imports, wholesales and retails clothing & accessories, branded as “Miss Sixty” (100%).

 

 

Clients: Consumers, chain stores, department stores, other

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs] Sixty Far East, other

 

Payment record: Regular

 

Location: Business area in Tokyo.  Office premises at the caption address are leased and maintained satisfactorily.

 

Bank References:

Mizuho Bank (Shinjuku-Chuo)

Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

FINANCIALS ARE NOT DISCLOSED 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.59

UK Pound

1

Rs.73.44

Euro

1

Rs.64.81

 

 

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

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

----

NB

New Business

----

 

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

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.