MIRA INFORM REPORT

 

 

Report Date :

04.05.2012

 

IDENTIFICATION DETAILS

 

Name :

YMS CO LTD

 

 

Registered Office :

1-11-3 Iguchido Ikeda City Osaka-Pref 563-0023

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

May 1987

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Imports and wholesales cut flowers & foliage, potted plants, other

 

 

No. of Employees :

22

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Status :

Satisfactory

Payment Behaviour :

No complaints

Litigation :

Clear

 

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 30, 2011

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

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

 

YMS CO LTD

REGD NAME:    KK Y. M. S.

 

MAIN OFFICE:  1-11-3 Iguchido Ikeda City Osaka-Pref 563-0023 JAPAN

Tel: 072-762-8062     Fax: 072-762-8088

                       

URL:                 http://www.yms-co.com

E-Mail address: info@yms.co.jp

 

 

ACTIVITIES  

 

Import, wholesale of cut flowers, foliage

 

 

BRANCHES

 

Sennan (Osaka)

 

 

OFFICERS

 

YOKO SAKAMOTO, PRES

Minoru Sakamoto, s/mgn dir

Yoshiko Sakamoto, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY    

 

FINANCES        FAIR                             A/SALES          Yen 5,901 M

PAYMENTS      No Complaints               CAPITAL           Yen 20 M

TREND STEADY                       WORTH            Yen 860 M

STARTED         1987                             EMPLOYES      22

 

 

COMMENT    

 

IMPORTER AND WHOLESALER SPECIALIZING IN CUT FLOWERS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR CREDIT ENGAGEMENTS; US$80,000.00.

                       

HIGHLIGHTS

           

The subject company was established by Yoko Sakamoto in order to make most of her      experience in the subject line of business.  This is a trading firm, owned and operated by the Sakamoto family, specializing in import and wholesale of cut flowers & foliage.  Flowers are imported from Netherlands, Asia, etc.  Clients are flower shops, flower markets, etc, centering in             greater-Osaka area.

 

 

FINANCIAL INFORMATION

           

            The sales volume for Dec/2011 fiscal term amounted to Yen 5,901 million, a 3% up from Yen 5,702 million in the previous term.  Ironically the Earthquake in Mar 2011 created additional demand for flowers.  The recurring profit was posted at Yen 48 million and the net profit at Yen 30 million, respectively, compared with Yen 74 million recurring profit and Yen 48 million net profit, respectively, a year ago.

 

For the current term ending Dec 2012 the recurring profit is projected at Yen 50 million and the net profit at Yen 35 million, respectively, on a 3% rise in turnover, to Yen 6,100 million. 

 

The financial situation is considered maintained FAIR and good for ORDINARY business engagements. 

 

REGISTRATION

 

Date Registered:          May 1987

Legal Status:               Limited Company (Kabushiki Kaisha)

Authorized:                  1,600 shares

Issued:                         400 shares

Sum:                            Yen 20 million

Major shareholders (%): Minoru Sakamoto (45), Yoko Sakamoto (25)

No. of shareholders:    6

           

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

 

 

OPERATION

 

Activities: Imports and wholesales cut flowers & foliage, potted plants, other (--100%).

 

Clients: [Florists, chain stores] Tsurumi Kaki, Sapporo Kaki Engei, Ohta Kaki, Hanaman                Co, Kagoshima Engei, other.

No. of accounts: 500

Domestic areas of activities: Nationwide

Suppliers: [Growers, wholesalers] Imports wholly from Singapore, New Zealand, Korea,                  Thailand, Netherlands, Malaysia, Ecuador, India, Panama, Costa Rica, Mauritius, other.

 

Payment record: Regular

 

Location: Business area in Ikeda City, Osaka-Pref.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:

SMBC (Esaka)

MUFG (Toyonaka)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

       Terms Ending:

31/12/2012

31/12/2011

31/12/2010

31/12/2009

Annual Sales

　

6,100

5,901

5,702

5,123

Recur. Profit

　

50

48

74

-26

Net Profit

　

35

30

48

-27

Total Assets

　

　

1,532

1,536

1,398

Current Assets

　

　

823

812

658

Current Liabs

　

　

553

579

494

Net Worth

　

　

860

836

789

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.37

3.49

11.30

-5.32

    Current Ratio

 

..

148.82

140.24

133.20

    N.Worth Ratio

..

56.14

54.43

56.44

    R.Profit/Sales

 

0.82

0.81

1.30

-0.51

    N.Profit/Sales

0.57

0.51

0.84

-0.53

    Return On Equity

..

3.49

5.74

-3.42

 

Note: Forecast (or estimated) for the 31/12/2012 fiscal term.

           


 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.53.23

UK Pound

1

Rs.86.14

Euro

1

Rs.69.98

 

 

INFORMATION DETAILS

 

Report Prepared by :

PDT

 

 

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.