MIRA INFORM REPORT

 

 

Report Date :

20.04.2013

 

IDENTIFICATION DETAILS

 

Name :

AMINA COLLECTION CO LTD 

 

 

Registered Office :

4-50-1 Kamoi Midoriku Yokohama

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2013

 

 

Date of Incorporation :

April 1977

 

 

Com. Reg. No.:

(Yokohama-Midoriku) 029860

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale, retail of folk craft, fashion goods, accessories

 

 

No. of Employees :

155

 

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

 

 

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:                             www.amina.co.jo 

E-mail:                         s-shinhane@cayhane.JP             

 

ACTIVITIES:                 Import, wholesale, retail of folk craft, fashion goods, accessories

 

BRANCHES:                 65 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 5,200 M

                                    PAYMENTS      No  Complaints         CAPITAL           Yen 20 M

                                    TREND             UP                                WORTH            Yen 936 M

                                    STARTED         1977                             EMPLOYES      155

 

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 93.6 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/2012 fiscal term amounted to Yen 5,200 million, a 21% up from Yen 4,300 million in the previous term.  3 new stores opened.  The net profit was posted at Yen 180 million, compared with Yen 93 million a year ago.  .

 

For the term that ended Feb 2013 the net profit was projected at Yen 185 million, on a 3% rise in turnover, to Yen 5,350 million.  Final results are yet to be released.

           

The financial situation is considered maintained FAIR and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 93.6 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: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Goods are both imported and exported.

            Domestically supplied from: Takahashi Rensen Co, Nittetsu Shoko, Itochu Co, Kume Co Ltd, Shuwa Co, Maeda Senko, Prairie Dog Co, other

 

Payment record: No  Complaints 

 

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)

 

　

　

28/02/2013

29/02/2012

28/02/2011

28/02/2010

Annual Sales

　

5,350

5,200

4,300

3,800

Recur. Profit

　

　

　

　

　

Net Profit

　

185

180

93

70

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

936

810

750

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.88

20.93

13.16

2.70

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

3.46

3.46

2.16

1.84

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 28/02/2013 fiscal term. 

 

 

 

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.