MIRA INFORM REPORT
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Report Date : |
19.05.2011 |
IDENTIFICATION DETAILS
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Name : |
AMINA COLLECTION CO LTD |
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Registered Office : |
Yokohama Creed Bldg 4F, 123 Yamashitacho Nakaku Yokohama 231-0023 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
April 1977 |
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Com. Reg. No.: |
(Yokohama-Midoriku) 029860 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, Wholesale, retail
of folk craft, fashion gods, accessories |
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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Maximum Credit Limit : |
Yen 66.6 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 – December 31, 2010
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Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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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
AMINA COLLECTION CO LTD
REGD NAME
KK Amina
Collection
MAIN OFFICE
Yokohama Creed Bldg 4F, 123 Yamashitacho Nakaku Yokohama 231-0023, JAPAN
Tel:
045-681-0711 Fax: 045-681-0340
*.. Registered at: 4-50-1 Kamoi Midoriku Yokohama
URL: http//:www.amina.co.jo
E-mail: s-shinhane@cayhane.JP
ACTIVITIES
Import,
wholesale, retail of folk craft, fashion gods, accessories
BRANCHES
61
stores over the country; India
FACTORIES
Yokohama
OFFICER(S)
SAWATO
SHINDO, PRES Yukihiko Shindo, ch
Hiroko Shindo, rep dir Yamato Shindo dir
Takako Naito. dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,800 M
PAYMENTS REGULAR CAPITAL Yen
20 M
TREND SLOW WORTH Yen
810 M
STARTED 1977 EMPLOYES 125
COMMENT
TRADER AND SHOP OPERATOR SPECIALIIZING IN FOLK CRAFT, ACCESSORIES AND CHARACTER GOODS, FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT: YEN 66.6 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Yukihiko Shindo, now ch, in order to make most of his experience in the subject line of business. Sawato is his son, who took the pres office in Mar 2010. This is a family-based trading company, owned and operated by the Shindo family, for import, export, wholesale and retail of folk crafts, folk apparel, fabrics, clothing and accessories. Operates 61 stores across the country. Clients include Oriental Land (Disney Land), other.
FINANCIAL INFORMATION
Financials are only partially disclosed as is the case with family-based
companies.
The sales volume for Feb/2011 fiscal term amounted to Yen 3,800 million,
a similar amount in the previous term.
Consumer spending was sluggish.
Yen’s appreciation hurt exports.
The net profit was posted at Yen 60 million, compared with Yen 70
million a year ago. .
For the current term ending Feb 2012 the net profit is projected at Yen
65 million, on a 3% rise in turnover, to Yen 3,900 million.
The financial situation is considered maintained FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 66.6 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 1977
Regd No.: (Yokohama-Midoriku) 029860
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 160,000
shares
Issued: 40,000
shares
Sum: Yen 20 million
Major shareholders (%):
Yukihiko Shindo & families (--100%)
No. of shareholders: 7
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, exports
and retails folk crafts, fashions, apparel, accessories (--100%).
Clients: [Fashion stores,
mfrs, consumers] France Bed, Oriental Land, Tiffani Trading, Beams Co,
consumers, Honda Sangyo Inc, Tiffany & Co, other
No. of accounts:
Unavailable
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers] Goods are both imported and exported.
Payment record: Regular
Location: Business area in
Yokohama. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Bank
of Yokohama (Motomachi)
Mizuho
Bank (Yokohama-Ekimae)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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28/02/2012 |
28/02/2011 |
28/02/2010 |
28/02/2009 |
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Annual
Sales |
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3,900 |
3,800 |
3,800 |
3,700 |
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Recur.
Profit |
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Net
Profit |
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65 |
60 |
70 |
80 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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810 |
750 |
660 |
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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 |
2.63 |
0.00 |
2.70 |
4.23 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
1.67 |
1.58 |
1.84 |
2.16 |
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Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 28/02/2012 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.45.08 |
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UK Pound |
1 |
Rs.73.45 |
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Euro |
1 |
Rs.64.30 |
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 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.