MIRA INFORM REPORT

 

 

Report Date :

22.01.2013

 

IDENTIFICATION DETAILS

 

Name :

SANWA FUKUROMONO CO LTD

 

 

Registered Office :

1-4-2 Motoasakusa Taitoku Tokyo 171-0033

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2011

 

 

Date of Incorporation :

March 1964

 

 

Com. Reg. No.:

0105-01-004766 (Tokyo-Taitoku)

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufacturer of wallet, pouches, bags, card cases, other

 

 

No. of Employees :

20

 

 

 

 

COMPANY NAME AND ADDRESS

 

SANWA FUKUROMONO CO LTD (Fukuromono means bags & pouches)

REGD NAME:    KK Sanwa Fukuromono 

MAIN OFFICE:  1-4-2 Motoasakusa Taitoku Tokyo 171-0033 JAPAN

Tel: 03-3844-0267      Fax: 03-5828-2464

 

URL:                 http://www.sanwa-wallet.com

E-Mail address: (thru the URL)

 

ACTIVITIES:     Mfg of wallet, pouches, bags, card cases, other

 

BRANCHES:     Nil

 

FACTORIES:     At the caption address

 

OFFICERS:       TAKAYOSHI MIYAMA, PRES     Hiroshi Miyama, mgn dir

                        Takeshi Miyama dir                    Yoshio Miyama, dir

                        Hiroshi Mikami, dir        

           

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY:       FINANCES        FAIR                 A/SALES          Yen 327 M

                        PAYMENTS      REGULAR         CAPITAL           Yen 20 M

                        TREND             SLOW              WORTH                        Yen 164 M

                        STARTED         1964                 EMPLOYES      20

 

COMMENT:      MFR OF BAGS, POUCHES, WALLET, OTHERS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

                        MAX CREDIT LIMIT: YEN 5.7 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS:

           

            The subject company was established originally in 1935 by Wasaburo Miyama for making pouches, on his account, and was incorporated in 1964.  This is a specialized mfr, owned and operated by Miyama family, of wallet, pouches, bags, card case, pen cases, others (See OPERATION).  Goods are imported from China, Hong Kong, other. 

 

 

FINANCIAL INFORMATION:

           

            Financials are only partially disclosed as is the case with family-based companies.

 

The sales volume for Jun/2011 fiscal term amounted to Yen 327 million, a 16% down from Yen 388 million in the previous term.  Price competition is severe among the trade with cheaper goods imported from China, other.  The net profit is estimated posted at Yen 5 million, compared with Yen 6 million a year ago.  Profits are not precisely disclosed.

 

            For the term that ended Jun 2012 the net profit was projected at Yen 4 million, on a 2% rise in turnover, to Yen 320 million.  Final results are yet to be released. 

 

The financial situation is considered maintained FAIR and should be good for ORDINARY business engagements.  Max credit limit is estimated at Yen 5.7 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Mar 1964

Regd No.:             0105-01-004766 (Tokyo-Taitoku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         160,000 shares

Issued:                40,000 shares

Sum:                   Yen 20 million

Major shareholders (%): Takayoshi Miyama & families (--100)

No. of shareholders: 5

 

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

 

 

OPERATION:

 

Activities: Manufactures bags, wallet, pouches, card cases, briefcases, pass cases, key cases, key holders, straps, others (--100%)

 

Clients: [Mfrs, wholesalers] Iketei Co, Konoike Seisakusho, Hamano Leather, Kyowa Co, Isetan Mitsukoshi Ltd (Mail-order sales), Takashimaya, JAF Service, Design Service, Ace Corp, other

No. of accounts: 200

Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Tomita Co, Sawai Co, Usui & Co, Nishimura Co, Textile Senda Co, Sugimoto Leather Co, other

 

Payment record: Regular

 

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

 

Bank References:

Mizuho Bank (Inaricho)

MUFG (Ueno-Chuo)

Relations: Satisfactory

FINANCES

(In Million Yen)

 

　

　

30/06/2012

30/06/2011

30/06/2010

30/06/2009

Annual Sales

　

320

327

388

487

Recur. Profit

　

　

　

　

　

Net Profit

　

4

5

6

8

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

164

159

153

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

-2.14

-15.72

-20.33

-17.88

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.25

1.53

1.55

1.64

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/06/2012 fiscal term.

 

 

 

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.