MIRA
INFORM REPORT
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Report Date : |
14.12.2011 |
IDENTIFICATION DETAILS
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Name : |
CREATE PRODUCTS CO LTD |
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Registered Office : |
Nexas Shindaita 1F, 5-30-13 Daita Setagayaku Tokyo 155-0033 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2010 |
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Date of Incorporation : |
June 1986 |
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Com. Reg. No.: |
(Tokyo-Suginamiku) 002045 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale, retail of golf goods |
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No. of Employees : |
9 |
RATING & COMMENTS
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MIRAs Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
Yen 7.8 Million |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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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 September 30, 2011
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Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company name and address
CREATE PRODUCTS CO LTD
REGD NAME: KK
Create Products
MAIN OFFICE: Nexas
Shindaita 1F, 5-30-13 Daita Setagayaku Tokyo 155-0033 JAPAN
Tel: 03-3487-3255 Fax: 03-3795-3091
*.. Registered at:
5-11-1 Asagaya-Kita Suginamiku Tokyo
URL: http://www.create-products.co.jp
E-Mail address: shopmaster@golfin.co.jp
ACTIVITIES
Import, wholesale,
retail of golf goods
BRANCHES
Nil
SHOPS
Distributed thru
agent dealers nationwide (about 300)
OFFICERS
IWAO ONOUE, PRES
Hirokazu Komatsu,
mgn dir
Hiroko Nagai, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 411 M
PAYMENTS REGULAR CAPITAL Yen 20 M
TREND SLOW WORTH Yen
71 M
STARTED 1986 EMPLOYES 9
COMMENT
TRADING FIRM SPECIALIZING IN GOLF GOODS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR CREDIT ENGAGEMENTS: US$70.00.
MAX CREDIT LIMIT:
YEN 7.8 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established
by Iwao Onoue in order to make most of his experience in the subject line of
business. This is a trading firm
specializing in import, wholesale and retail of gold goods: drivers, iron wood,
iron, wedges, putter, other. Goods are
distributed thru agent dealers nationwide.
Wholesaling clients include major sports goods chain stores, department
stores, other.
FINANCIAL INFORMATION
Financial are only partially
disclosed.
The sales volume for May/2010 fiscal term amounted to Yen 411 million, a
26% up from Yen 325 million in the previous term. The operations continued in the red to
register Yen 29 million net losses, compared with Yen 22 million net losses a
year ago.
For the term that ended May 2011 the
net profit was projected at Yen 10 million, on a 9% rise in turnover, to Yen
450 million. Final results are yet to be
released officially.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 7.8 million, on 30 days normal
terms. The proposed amount comes well
within the firms financial capacities.
REGISTRATION
Date Registered: Jun
1986
Regd No.:
(Tokyo-Suginamiku) 002045
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 1,600 shares
Issued: 400 shares
Sum: Yen 20 million
Major
shareholders (%): Iwao Onoue (89), Isako Shirai (6), Hirokazu Komatsu (5)
No. of shareholders: 3
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports,
wholesales and retails golf goods: drivers, driving iron, iron wood, sand
wedge, spoon, putter, other (--100%)
Clients: [Sports good
stores, department stores, consumers] Niki Golf Co, Takashimaya, Isetan,
Matsuya, Victory Sports, Alpen Co, Himalaya Sports, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Nickent Golf (20%), Crooze Inc, See More Putter Co, Royal
Collection, Bridgestone Sports Co, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho Bank (Kitazawa)
MUFG (Shimokitazawa)
Relations: Satisfactory
FINANCES
(In Million
Yen)
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Terms Ending: |
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31/05/2011 |
31/05/2010 |
31/05/2009 |
31/05/2008 |
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Annual
Sales |
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450 |
411 |
325 |
411 |
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Recur.
Profit |
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Net
Profit |
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10 |
-29 |
-22 |
1 |
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Total
Assets |
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N/A |
375 |
364 |
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Net
Worth |
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71 |
100 |
123 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
9.49 |
26.46 |
-20.92 |
24.55 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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26.67 |
33.79 |
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N.Profit/Sales |
2.22 |
-7.06 |
-6.77 |
0.24 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/05/2011 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.53.40 |
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1 |
Rs.83.32 |
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Euro |
1 |
Rs.70.44 |
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 |
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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NB |
New Business |
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This score serves as a reference to assess SCs 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.