MIRA INFORM REPORT
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Report Date : |
23.02.2012 |
IDENTIFICATION DETAILS
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Name : |
COMME DES GARCON CO LTD |
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Registered Office : |
Sumitomo Minami-Aoyama Bldg, 5-11-5
Minami-Aoyama Minatoku Tokyo, 107-0062 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2011 |
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Date of Incorporation : |
March
1973 |
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Legal Form : |
Limited Company |
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Line of Business : |
Manufacturer, import,
wholesale, retail of clothing & clothing
accessories |
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No. of Employees
: |
500 |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
Yen 492.5 Million |
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Status : |
Good |
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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 – September 30th, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
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 |
COMME DES GARCON CO LTD
KK Comme Des
Garcon
Sumitomo Minami-Aoyama
Bldg, 5-11-5 Minami-Aoyama Minatoku Tokyo, 107-0062 JAPAN
Tel: 03-3406-3951
URL: http://www.comme-des-garcons.co.jp
E-Mail address: cdg-aoyama@comme-des-garcons.co.jp
Mfg,
import, wholesale, retail of clothing & clothing accessories
Tokyo
(3), Osaka, Kyoto, Shizuoka, Gifu, Kobe, Fukuoka
(subcontracted)
REI
KAWAKUBO, PRES Jun’ya Watanabe,
v pres
Hajime
Tanaka, mgn dir Satoshi
Kawakubo, mgn dir
Yoneko
Kikuchi, dir
Yen
Amount: In million Yen, unless
otherwise stated
FINANCES FAIR A/SALES Yen 13,396 M
PAYMENTS REGULAR CAPITAL Yen
10 M
TREND STEADY WORTH Yen
8,633 M
STARTED 1973 EMPLOYES 500
TRADING FIRM SPECIALIZING IN CLOTHING & ACCESSORIES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 492.5 MILLION, 30 DAYS NORMAL TERMS
The subject company was established by Rei Kawakubo, a fashion designer,
in order to make most of his experience in the subject line of business. This is a trading firm, with mfg division,
for import, wholesale and retail of clothing for men & women, and clothing
accessories. Operates 9 retail stores
nationwide. Goods are imported from
Italy, France, Luxemburg, other. Clients
include major department stores, where the firm operates in-shops.
The sales volume for Feb/2011 fiscal term amounted to Yen 13,396
million, a 5% up from Yen 12,809 million in the previous term. Demand increased, after being affected by the
global economic downturn in the last term.
The recurring profit was posted at Yen 151 million and the net profit at
Yen 59 million, respectively, compared with Yen 101 million recurring profit
and Yen 30 million net profits, respectively, a year ago.
For the current term ending Feb 2012 the recurring profit is projected
at Yen 155 million and the net profit at Yen 60 million, respectively, on a 3%
rise in turnover, to Yen 13,800 million..
The financial situation is considered FAIR and good for ORDINARY
business engagements. Max credit limit
is estimated at Yen 492.5 million, on 30 days normal terms.
Date Registered: Mar 1973
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major shareholders (%): Rei Kawakubo (80), Kazue
Maruyama (20)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures,
imports, wholesales and retails clothing for men & women, clothing
accessories, other (--100%)
Handling Items: dress, jacket,
coat, blazer, tops, blouse, culottes, trouser, shorts, sweater, skirt,
cardigan, T-shirts, hats, shoes, other
Clients: [Department
stores, consumers] Isetan, Hankyu Department Store, Yokohama Sogo, Takashimaya,
Daimaru, Seibu Department Store, Parco Co, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Toyota Tsusho Corp, Mitsui & Co, Itochu Corp, Camus Co,
Kanehashi Co, Takada Suits Co, other.
Imports from France, Italy, Luxemburg, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
Mizuho
Bank (Aoyama)
MUFG
(Omotesando)
Relations:
Satisfactory
(In Million Yen)
|
Terms Ending: |
29/02/2012 |
28/02/2011 |
28/02/2010 |
28/02/2009 |
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Annual
Sales |
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13,800 |
13,396 |
12,809 |
13,129 |
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Recur.
Profit |
|
155 |
151 |
101 |
65 |
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Net
Profit |
|
60 |
59 |
30 |
19 |
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Total
Assets |
|
|
14,112 |
13,989 |
13,484 |
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Current
Assets |
|
|
8,366 |
8,141 |
7,703 |
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Current
Liabs |
|
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4,650 |
4,847 |
4,278 |
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Net
Worth |
|
|
8,633 |
8,574 |
8,544 |
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Capital,
Paid-Up |
|
|
10 |
10 |
10 |
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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 |
3.02 |
4.58 |
-2.44 |
-3.70 |
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Current Ratio |
|
.. |
179.91 |
167.96 |
180.06 |
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N.Worth Ratio |
.. |
61.17 |
61.29 |
63.36 |
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R.Profit/Sales |
|
1.12 |
1.13 |
0.79 |
0.50 |
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N.Profit/Sales |
0.43 |
0.44 |
0.23 |
0.14 |
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Return On Equity |
.. |
0.68 |
0.35 |
0.22 |
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Notes:
Forecast (or estimated) figures for the 29/02/2012 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.49.25 |
|
UK Pound |
1 |
Rs.76.75 |
|
Euro |
1 |
Rs.65.16 |
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 |
|
<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.