MIRA INFORM REPORT

 

 

Report Date :

23.01.2013

 

IDENTIFICATION DETAILS

 

Name :

ABAHOUSE INTERNATIONAL CO LTD

 

 

Registered Office :

Tokyo Tatemono Higashi-Shibuya Bldg, 1-26-20, 3-7 Higashi Shibuyaku Tokyo150-0011

 

 

Country :

Japan

 

 

Financials (as on) :

29.02.2012

 

 

Date of Incorporation :

February, 1986

 

 

Com. Reg. No.:

0132-01-000361

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale, retail of casual wear, accessories, jewelry, daily items

 

 

No. of Employees :

560

 

COMPANY NAME AND ADDRESS

 

ABAHOUSE INTERNATIONAL CO LTD

 

REGD NAME:               KK Abahouse International

 

MAIN OFFICE:              Tokyo Tatemono Higashi-Shibuya Bldg, 1-26-20, 3-7 Higashi Shibuyaku                                                               Tokyo150-0011 JAPAN

Tel: 03-3406-2600     Fax: 03-3462-6463

 

                                    *.. Registered at: 1-17-6 Aobadai Meguroku Tokyo 153-0042, as given

 

URL:                             http://www.abahouse.co.jp/

 

E-Mail address:            info@abahouse.co.jp; welinfo@abahouse.co.jp (online shop)

 

ACTIVITIES:                 Import, wholesale, retail of casual wear, accessories, jewelry, daily items

 

BRANCHES:                 Tokyo (2), Osaka

 

SHOPS:                        192 shops nationwide

 

FACTORIES:                (subcontracted)

 

 

OFFICER(S)                  Moriyasu Okada, ch                   YOICHI MAGISHI, PRES

Hideyuki Tokita, dir                    Kiyohiro Hara, dir

Masahiro Kubo, dir                    Yasuyuki Kimura, dir

 

Yen Amount:                 In million Yen, unless otherwise stated

 

 

SUMMARY                   FINANCES        FAIR                             A/SALES          Yen 19,840 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 30 M

TREND             STEADY                       WORTH            Yen 6,819 M

STARTED         1986                             EMPLOYES      560

 

 

COMMENT      

 

TRADING HOUSE SPECIALIZING IN CLOTHING & ACCESSORIES. 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

MAX CREDIT LIMIT: YEN 598.0 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS   

 

The subject company was established by Yoichi Magishi in order to make most of his experience in the subject line of business.  This is a trading house, with mfg division, for import, wholesale and retail of casual clothing, bags, watches, jewelry, sunglasses, and other accessories.  While handling designers’ brand goods, some goods are originally designed & subcontracted mfg to overseas & domestic mfrs.  Operates in-shops at major department stores, chain stores, etc, operating 192 stores nationwide.  Also, retails them online.  Regularly conducts seasonal sales campaigns centrally in the Tokyo region.  Imports are mostly through general trading houses.

 

 

FINANCIAL INFORMATION      

 

The sales volume for Feb/2012 fiscal term amounted to Yen 19,840 million, a 5% up from Yen 18,852 million in the previous terms.  New stores opened.  New original brands sold well.  The net profit was posted at Yen 114 million, compared with Yen 223 million a year ago

 

For the current term ending Feb 2013 the net profit is projected at Yen 120 million, on a 3% rise in turnover, to Yen 20,500 million.

 

The financial situation is considered FAIR to GOOD and good for ORDINARY business engagements.  Max credit limit is estimated at Yen 598.0 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:                       Feb 1986

Regd No.:                                 0132-01-000361 (Tokyo-Meguroku)

Legal Status:                            Limited Company (Kabushiki Kaisha)

Authorized:                              2,400 shares

Issued:                                     600 shares

Sum:                                        Yen 30 million

Major shareholders (%):           ABA House Holdings* (100)

                                                *.. Holding company owned by the Okada family           

 

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

 

 

OPERATION

 

Activities: Imports, wholesales and retails coats, jackets, shirts, T-shirts, knitwear, skirts, tank-tops, slacks, sneakers, socks, handbags, wallets, fingerings, earrings, bracelets, pendants, watches, belts, leather jackets, other clothing and clothing accessories, mug cups, sunglasses, lighters, others (--100%).

 

Goods are retailed at own shops, in-shops (department stores) and online, too. 

(Wholesale 50%, retail 50%)

 

Brands handled: United Arrows, Journal Standard, nano universe, BEAMS, Alfresa Bannister, PORTER, SOPH, etc.

 

Clients: [Department stores, chain stores, consumers] Takashimaya, Daimaru Matsuzakaya Department Store, Seibu Department Stores, Hankyu Department Store, Sogo, Isetan Mitsukoshi, Sogo Seibu Department Store, Lumine, other.

            No. of accounts: 300 (wholesale div only)

            Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Marubeni Corp, Takisada Nagoya, NI Teijin Shoji, Itochu Mode Pal, Kanematsu Textile Corp, other.

 

Payment record: No Complaints

 

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

 

Bank References:

SMBC (Aoyama)

MUFG (Aoyama)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

　

　

28/02/2013

29/02/2012

28/02/2011

28/02/2010

Annual Sales

　

20,500

19,840

18,852

18,623

Recur. Profit

　

　

　

　

　

Net Profit

　

120

114

223

300

Total Assets

　

　

N/A

10,931

N/A

Net Worth

　

　

6,819

6,705

6,482

Capital, Paid-Up

　

　

30

30

30

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.33

5.24

1.23

-5.13

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

61.34

..

    N.Profit/Sales

0.59

0.57

1.18

1.61

Notes: Financials are only partially disclosed.

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