MIRA INFORM REPORT
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Report Date : |
16.02.2011 |
IDENTIFICATION DETAILS
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Name : |
TAILOR & CLOTHS CO LTD |
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Registered Office : |
Kioicho No.2 Bldg 801, 3-8 Kioicho
Chiyodaku |
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Country : |
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Date of Incorporation : |
October 2001 |
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Com. Reg. No.: |
0100-02-034523 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Retail of Garments |
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 |
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 : |
---- |
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 – June 30, 2010
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Country Name |
Previous Rating (01.04.2010) |
Current Rating (30.06.2010) |
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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
TAILOR & CLOTHS CO LTD
REGD NAME
Tailor &
Cloths YK
MAIN OFFICE
Kioicho No.2 Bldg
801, 3-8 Kioicho Chiyodaku Tokyo 102-0094
Tel:
03-5226-7337 Fax: 03-5226-7338
E-mail: info@tailor-cloths.com
ACTIVITIES
Import, retail of garments
SHOP
Akasaka
FACTORIES
(subcontracted)
OFFICER(S)
AKIHIRO SUMITANI,
PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES UNDETD A/SALES Yen 200 M*
PAYMENTS REGULAR CAPITAL Yen 3 M
TREND UNDETD WORTH Yen
66 M*
STARTED 2001 EMPLOYES 10
*..
Estimated figures only, as financials not disclosed
COMMENT
IMPORTER AND RETAILER
OF GARMENTS.
FINANCIAL SITUATION UNDETERMINED DUE TO THE
LACK OF PROVEN BUSINESS BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT: UNABLE TO BE ASSESSED DUE
TO THE LACK OF PROVEN BUSINESS. RECOMMENDS SECURED TERMS ON NEW TRANSACTIONS.
HIGHLIGHTS
The subject company was established originally in 1946 by Taro Sumitani,
on his account, for selling designer brand garments and accessories. Incorporated in 2001 the firm has been
succeeded by his descendants. Akihiro is
his grandson and the third generation master.
This is a trading firm for import and retail of garments and accessories
for men & women. Goods are imported
mainly from
FINANCIAL INFORMATION
Financials are not disclosed. The
firm declined to disclose any of those figures and the following figures are only
estimated based on the telephone conversation with the firm. They are, however, not verified by third
parties.
The sales volume for Dec/2010 fiscal term is only estimated amounted to
Yen 200 million, a similar amount in the previous term. The net profit is estimated posted at Yen 10
million, similarly a year ago. .
Both the financials situation and business trends are not determined due
to the lack of proven business records.
Max credit limit is unable to be assessed. We recommend secured terms on new
transactions.
REGISTRATION
Date Registered: Oct 2001
Regd No.:
0100-02-034523
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 60 shares
Issued: 60 shares
Sum: Yen 3 million
Major shareholders (%): Akihiro Sumitani*
(100)
*.. Separately operates a subsidiary, AUSCA KK, sales & other event
designer & conductor, at the caption address, founded 2007, Regd No.
0100-01-112572, capital Yen 1 million, employees 5, pres Akihiro Sumitani
concurrently.
Nothing detrimental
is known as to the commercial morality of executives.
OPERATION
Activities: Imports and
retails (including online sales) garments & accessories for men & women
(--100%).
(Handling Brands):
For Men: Nino RECORARO, BELVEST,
ROSARO, ISARIA, ROTA, CATARISAND, BEITHNIN & VENTURI, TINO COSMA, MARLIANO,
GRAN SASSO, BENORA, LACCHTA GRANSSA, GEKKO, OTHER;
For Women* BELVEST, Mr &
Mrs AACLEOD, DPP, LIUJO, HAUTO, GATARISAND, MARLIARO, GEKKO, OTHER.
Clients: Consumers
No. of accounts:
Unavailable
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports from
Payment record: Regular
Location: Business area in
Bank References
Local Bank
(Akasaka)
Relations:
Satisfactory
FINANCES
(In Million Yen)
NOT MADE
AVAILABLE.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.45.50 |
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1 |
Rs.73.07 |
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Euro |
1 |
Rs.61.63 |
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 |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.