MIRA INFORM
REPORT
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Report Date : |
27.01.2011 |
IDENTIFICATION DETAILS
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Name : |
SHIPS LTD |
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Registered Office : |
1-20-15 |
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Country : |
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Financials (as on) : |
28.02.2010 |
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Date of Incorporation : |
May
1976 |
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Legal Form : |
Limited Company |
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Line of Business : |
Retail of clothing, clothing accessories for men, women
& children |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 450.4 Million |
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Status : |
Satisfactory |
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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
|
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
SHIPS LTD
REGD NAME
KK Ships
MAIN OFFICE
1-20-15 Ginza
Chuoku
Tel:
03-5524-2255 Fax: 03-5524-2277
URL: www.shipsltd.co.jp
E-mail: info@shipsltd.co.jp
ACTIVITIES
Retail
of clothing, clothing accessories for men, women & children
BRANCHES
60
stores nationwide
FACTORIES
(subcontracted)
OFFICER(S)
YOSHINORI
MIURA, PRES Atsuko Miura, s/mgn dir
Shigeru
Hitotsugi, dir Takuro
Shinohara, dir
Masatsugu
Shinohara, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 22,535 M
PAYMENTS REGULAR CAPITAL Yen 60 M
TREND STEADY WORTH Yen
6,980 M
STARTED 1975 EMPLOYES 542
COMMENT
APPAREL
CHAIN SHOP OPERATOR.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT
LIMIT: YEN 450.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yoshinori Miura in order to make
most of his experience in the subject line of business. This is a chain shop operator of clothing
& clothing accessories, branded “Ships”, for men, women and children. Operates 60 stores nationwide. Goods are also retailed online.
FINANCIAL INFORMATION
The sales volume for Feb/2010 fiscal term amounted to Yen 22,535
million, a 2% up from Yen 22,166 million in the previous term. The recurring profit was posted at Yen 52
million and the net profit at Yen 13 million, respectively, compared with Yen
186 million recurring profit and Yen 29 million net profit, respectively, a
year ago. .
For the current term ending Feb 2011 the recurring profit is projected
at Yen 55 million and the net profit at Yen 15 million, respectively, on a 2%
rise in turnover, to Yen 23,000 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 450.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: May
1976
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 4,800
shares
Issued: 1,200 shares
Sum: Yen 60
million
Major shareholders (%):
Yoshinori Miura (66.6), Atsuko Miura (16)
No. of shareholders: 6
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Retails clothing
& clothing accessories for men, women & children, branded “Ships”
(--100%) Operates 60 chain stores nationwide.
Clients: Consumers
No. of accounts:
Unavailable
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsui & Co, Mitsubishi Corp, Marubeni Corp, Itochu Corp, Yagi
Co, Toyoshima & Co, other
Payment record:
Regular
Location:
Business area in
Bank References:
·
SMBC (Hakusan)
·
MUFG (Ueno-Chuo)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
28/02/2011 |
28/02/2010 |
28/02/2009 |
29/02/2008 |
|
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Annual
Sales |
|
23,000 |
22,535 |
22,166 |
21,345 |
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Recur.
Profit |
|
55 |
52 |
186 |
829 |
|
Net
Profit |
|
15 |
13 |
29 |
349 |
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Total
Assets |
|
|
20,794 |
20,130 |
16,379 |
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Current
Assets |
|
|
9,135 |
8,723 |
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Current
Liabs |
|
|
9,132 |
9,102 |
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Net
Worth |
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6,980 |
6,983 |
6,967 |
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Capital,
Paid-Up |
|
|
60 |
60 |
60 |
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Div.P.Share(¥) |
|
|
0.00 |
2500.00 |
2500.00 |
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<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
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|
S.Growth Rate |
2.06 |
1.66 |
3.85 |
7.70 |
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Current Ratio |
|
.. |
100.03 |
95.84 |
.. |
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N.Worth Ratio |
.. |
33.57 |
34.69 |
42.54 |
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R.Profit/Sales |
|
0.24 |
0.23 |
0.84 |
3.88 |
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N.Profit/Sales |
0.07 |
0.06 |
0.13 |
1.64 |
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Return On Equity |
.. |
0.19 |
0.42 |
5.01 |
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Notes:
Forecast (or estimated) figures for the 28/02/2011 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.45.53 |
|
|
1 |
Rs.72.78 |
|
Euro |
1 |
Rs.62.14 |
RATING EXPLANATIONS
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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 |
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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 |
|
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 |
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.