MIRA INFORM REPORT

 

 

Report Date :           

17.09.2011

 

IDENTIFICATION DETAILS

 

Name :

UENO SHOKAI CO LTD

 

 

Registered Office :

Hiraoka Bldg, 6-1-11 Ueno Taitoku Tokyo 110-0005

 

 

Country :

Japan

 

 

Financials (as on) :

31.08.2011

 

 

Date of Incorporation :

January 1957

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, Wholesale, Retail of casual wear

 

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 340.8 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

 

 Bottom of Form

 

UENO SHOKAI CO LTD

 

 

REGD NAME 

 

KK Ueno Shokai

 

 

MAIN OFFICE

 

Hiraoka Bldg, 6-1-11 Ueno Taitoku Tokyo 110-0005 JAPAN

Tel: 03-3831-1507      Fax: 03-3833-5801

 

*.. Registered at: 6-10-17 Ueno Taitoku Tokyo, as given

                                               

URL:                             http://www.uenoshokai.co.jp

E-Mail address:            (thru the URL)

 

 

ACTIVITIES  

 

Import, wholesale, retail of casual wear

 

 

BRANCHES

 

68 stores, including the one at the caption address

 

 

OVERSEAS

 

New York

 

 

OFFICERS

 

FUMIHIKO HASEGAWA, PRES             Tadashi Yamaguchi, s/mgn dir

Masatoshi Nakamura, dir                        Masaaki Nagatsuma, dir

Takeshi Shimochi, dir                             Masao Kawakami, dir                

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 13,905 M

PAYMENTS      REGULAR                     CAPITAL           Yen 496 M

TREND             STEADY                       WORTH            Yen 5,785 M

STARTED         1957                             EMPLOYES      400

 

 

COMMENT    

 

WHOLESALER & RETAILER OF CASUAL WEAR.

 

FINANCIAL SITUATION CONSIDERED FAIRTO GOOD AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 340.8 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

The subject company was established by father of Fumihiko Hasegawa in order to make most of his experience in the subject line of business.  This is a retailer and wholesaler of casual wear for men, women and children.  Licensed brands (Avirex, Schott, Manastash, etc) are imported from USA, Europe, China, Korea, other.  Operates 68 retail stores nationwide. 

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed.

 

The sales volume for Aug/2010 fiscal term amounted to Yen 13,905 million, an 8% up from Yen 12,932 million in the previous term.  Opened 6 new stores during the term.  The net profit was posted at Yen 454 million, compared with Yen 113 million net losses a year ago.

 

For the term that ended Aug 2011 the net profit was projected at Yen 460 million, on a 5% rise in turnover, to Yen 14,600 million.  Opened 6 new stores during the term.  Final results are yet to be released 

 

The financial situation is considered FAIR to GOOD and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 340.8 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Jan 1957

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         3.9 million shares

Issued:                993,640 shares

Sum:                   Yen 496.82 million

 

Major shareholders (%): Fumihiko Hasegawa (52%)

No. of shareholders: 50

 

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

 

 

OPERATION

           

Activities: Imports, retails and wholesales casual wear for men, women and children (--100%).  (Retail 80%)

Licensed brands are imported, such as Avirex, Schott, Manastash, etc.

 

Clients: [Consumers, department stores] Right On, CSMEN Co, other

            No. of accounts: Unavailable

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Avirex, Schott, KU USA, other from China, Korea, etc

 

Payment record: Regular

 

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

 

Bank References:

·         MUFG (Ueno-Chuo)

·         Mizuho Bank (Ueno)

Relations: Satisfactory

 

FINANCES

(In Million Yen)

 

Terms Ending:

　

31/08/2011

31/08/2010

31/08/2009

31/08/2008

Annual Sales

　

14,600

13,905

12,932

13,646

Recur. Profit

　

　

　

　

　

Net Profit

　

460

454

-113

365

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

5,785

5,331

5,444

Capital, Paid-Up

　

　

496

496

496

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

5.00

7.52

-5.23

5.65

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.15

3.27

-0.87

2.67

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/08/2011 fiscal term.

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.47.47

UK Pound

1

Rs.74.96

Euro

1

Rs.65.79

 

 

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.