MIRA INFORM REPORT

 

 

Report Date :           

24.06.2011

 

IDENTIFICATION DETAILS

 

Name :

DEBS CORPORATION

 

 

Registered Office :

Debs Bldg 6F, 2-4-16 Minamihonmachi Chuoku Osaka 541-0054

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2011

 

 

Date of Incorporation :

April 1991

 

 

Com. Reg. No.:

(Osaka-Chuoku) 085019

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Wholesale, Retail 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

 

Maximum Credit Limit :

Yen 43.7 Million

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 – March 31st, 2011

 

Country Name

Previous Rating

                   (31.12.2010)                  

Current Rating

(31.03.2011)

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

 

 

DEBS CORPORATION

 

 

REGD NAME 

 

Debs KK

 

 

MAIN OFFICE

 

Debs Bldg 6F, 2-4-16 Minamihonmachi Chuoku Osaka 541-0054 JAPAN

Tel: 06-6261-1135     Fax: 06-6261-2919

                                               

URL:                 http://www.debscorp.com

E-Mail address:            sales@debscrop.com

 

 

ACTIVITIES  

 

Import, wholesale, retail of clothing & accessories

 

 

BRANCHES

 

Kobe (warehouse)         

 

 

OFFICERS

 

SOBHI DEBS, PRES

Naoki Kazono, dir                     

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES                    R/WEAK                       A/SALES          Yen 2,900 M

PAYMENTS      REGULAR                     CAPITAL           Yen 20 M

TREND             SLOW                          WORTH            Yen 560 M

STARTED                     1991                             EMPLOYES      30

 

COMMENT    

 

TRADING FIRM SPECIALIZING IN TEXTILES, OF MID EAST CAPITAL.

 

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

                       

MAX CREDIT LIMIT: YEN 43.7 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by Debs Corp, Mid East, as its marketing office in Japan.  This is a trading firm specializing in textiles: apparel & clothing accessories.  90% of the goods are supplied from the parent, Debs Corp and its group firms.  Sales in Japan account for 10% of total group sales.  Clients include department stores, supermarkets, retail shops, other.

 

 

FINANCIAL INFORMATION

           

The financials are consolidated by the parent and only partially disclosed.

 

The sales volume for Mar/2011 fiscal term amounted to Yen 2,900 million, a 3% down from Yen 2,997 million in the previous term.  The net profit was posted at Yen 35 million, compared with Yen 38 million a year ago.

 

For the current term ending Mar 2012 the net profit is projected at Yen 36 million, on a 3% rise in turnover, to Yen 3,000 million. 

 

The financial situation is considered RATHER WEAK but should be good for ORDINARY business engagements.  Max credit limit is estimated at Yen 43.7 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Apr 1991

Regd No.:           (Osaka-Chuoku) 085019

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         1,600 shares

Issued:                400 shares

Sum:                   Yen 20 million

 

Major shareholders (%): Sohbi Debs, H Debs, other (--100)

 

No. of shareholders: 5

 

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

OPERATION

 

Activities: Imports, wholesales and retails clothing & accessories (--100%)

 

(Sales breakdown):

Product Area: fashion clothing (45%), lingerie, inners (35%), textile materials (20%);

 

Product Groups: woven synthetics (35%), woven semi-synthetics (40%), woven naturals (20%), knitted materials (5%)

 

Clients: Department stores, supermarkets, apparel stores, mail-order houses, other

            No. of accounts: 500

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Imports from the parent & group firms (90%), other

 

Payment record: Regular

 

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

 

Bank References:

Mizuho Bank (Semba)

MUFG (Semba)

Relations: Satisfactory

 

 

FINANCES

 (In Million Yen)

 

Terms Ending:

　

31/03/2012

31/03/2011

31/03/2010

31/03/2009

Annual Sales

　

3,000

2,900

2,997

3,080

Recur. Profit

　

　

　

　

　

Net Profit

　

36

35

38

40

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

560

525

485

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.45

-3.24

-2.69

-29.41

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.20

1.21

1.27

1.30

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/03/2012 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.93

UK Pound

1

Rs.72.09

Euro

1

Rs.64.21

 

 

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.