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Report Date : |
02.08.2013 |
IDENTIFICATION DETAILS
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Name : |
NOL CORPORATION CO LTD |
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Registered Office : |
1-7-3 Tobitakyu Chofu City Tokyo-Metrop 182-0036 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2012 |
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Date of Incorporation : |
September 1991 |
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Com. Reg. No.: |
0124-01-008419 (Tokyo-Chofu) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale, retail of fragrance, accessories, pet goods |
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No. of Employees : |
280 |
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 |
COMPANY NAME AND
ADDRESS
NOL CORPORATION CO LTD
REGD NAME: KK
NOL Corporation
MAIN OFFICE: 1-7-3
Tobitakyu Chofu City Tokyo-Metrop 182-0036 JAPAN
Tel:
0424-85-3100 Fax: 0424-85-3111
URL: http://www.nolcorp.co.jp/
E-Mail address: info@nolcorp.co.jp
ACTIVITIES: Import,
wholesale, retail of fragrance, accessories, pet goods
STORE(S): Tokyo,
Niigata, Akita, Osaka, Fukuoka, Kumamoto, other (Total 29)
OFFICER(S): YOSHITSUGU
SUGA, PRES Kenji Yoshizumi, dir
Satoshi Yatomi,
dir Takeshi Watamura,
dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY: FINANCES FAIR A/SALES Yen 5,819 M
PAYMENTS REGULAR CAPITAL Yen 40 M
TREND STEADY WORTH Yen
5,026 M
STARTED 1991 EMPLOYES 280
COMMENT: TRADING
FIRM FOR IMPORT, WHOLESALE & RETAIL OF FRAGRANCE, ACCESSORIES, ETC.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS
MAX CREDIT LIMIT: YEN 320.8
MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS:
The subject
company was established by Yoshitsugu Suga in order to import, wholesale and
retail of accessories. In Oct 1993
opened the first shop, followed by successive openings of new stores, now
totaling 29 stores nationwide. This is a
trading house for importing fragrance, accessories, toys & pet goods,
widely from USA, Europe, S/E Asia, other.
Goods are wholesaled to major specialty chain stores nationwide, as well
as retailed at its stores. Goods are
also retailed online.
FINANCIAL
INFORMATION:
The sales volume for Aug/2012 fiscal term
amounted to Yen 5,819 million, a 2% down from Yen 5,939 million in the previous
term. The recurring profit was posted at
Yen 145 million, but yielding a net loss at Yen 108 million, respectively,
compared with Yen 315 million recurring profit and Yen 181 million net profit ,
respectively, a year ago
For the current
term ending Aug 2013 the recurring profit is projected at Yen 150 million and
the net profit at Yen 110 million, respectively, on a 5% rise in turnover, to
Yen 6,100 million.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 320.8
million, on 30 days normal terms.
REGISTRATION
Date Registered: Sept
1991
Regd
No.: 0124-01-008419 (Tokyo-Chofu)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 800 shares
Sum: Yen 40 million
Major shareholders (%): Yoshiro Suga
& families (100)
No. of
shareholders: 4
Nothing detrimental is known as to the
commercial morality of executives.
OPERATION:
Activities: Imports,
wholesales and retails fragrance (air freshener, bath agents, incenses,
candles); accessories (pierced earrings, pendants, straps for handy phones);
pet goods (pet toys, pet wear, other) (--100%).
Operates a total of 29 stores nationwide,
while majority of the goods are wholesaled.
(Wholesale 60%, retail 40%)
Clients: [Specialty
stores, chain stores, consumers] Sazaby Inc, Aeon Inc, Passport, Village
Vanguard Corp, Pulse, Loft, Tokyu Hands, other.
No. of accounts:
500 (wholesale div only)
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from USA, UK, France, China, Nepal, Indonesia, Hong Kong,
India, Taiwan, Indonesia, Korea, other.
Payment record: Regular
Location: Business area in
Chofu City, Tokyo-Metrop. Office
premises at the caption address are owned and maintained satisfactorily.
Bank References:
MUFG (Chofu)
Mizuho Bank
(Chofu)
Relations:
Satisfactory
FINANCES:
(In Million Yen)
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Terms Ending: |
31/08/2013 |
31/08/2012 |
31/08/2011 |
31/08/2010 |
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Annual
Sales |
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6,100 |
5,819 |
5,939 |
6,145 |
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Recur.
Profit |
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150 |
145 |
315 |
206 |
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Net
Profit |
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110 |
-108 |
181 |
113 |
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Total
Assets |
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5,579 |
5,852 |
5,607 |
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Current
Assets |
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4,316 |
4,755 |
5,308 |
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Current
Liabs |
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540 |
652 |
554 |
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Net
Worth |
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5,026 |
5,142 |
4,989 |
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Capital,
Paid-Up |
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40 |
40 |
40 |
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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 |
4.83 |
-2.02 |
-3.35 |
-8.16 |
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Current Ratio |
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.. |
799.26 |
729.29 |
958.12 |
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N.Worth Ratio |
.. |
90.09 |
87.87 |
88.98 |
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R.Profit/Sales |
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2.46 |
2.49 |
5.30 |
3.35 |
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N.Profit/Sales |
1.80 |
-1.86 |
3.05 |
1.84 |
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Return On Equity |
.. |
-2.15 |
3.52 |
2.26 |
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Notes: Forecast figures
for the 31/08/2013 fiscal term.
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 |
-- |
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.