MIRA INFORM REPORT

 

 

Report Date :

24.01.2013

 

IDENTIFICATION DETAILS

 

Name :

ASSIST CO LTD

 

 

Registered Office :

2-22-9 Mukoyama Nerimaku Tokyo

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2011

 

 

Date of Incorporation :

April, 1987

 

 

Com. Reg. No.:

0116-01-000314

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of leather garments

 

 

No. of Employees :

6

 

COMPANY NAME AND ADDRESS

 

ASSIST CO LTD

 

REGD NAME:    KK Assist

 

MAIN OFFICE:  Sunny Garden 1F, 5-13-22 Nukui Nerimaku Tokyo 176-0021 JAPAN

Tel: 03-3926-3669     Fax: 03-3926-5464

 

*.. Registered at: 2-22-9 Mukoyama Nerimaku Tokyo

 

URL:                 N/A

 

E-mail:             fwiv8846@mb.infoweb.ne.jp        

 

ACTIVITIES:     Import, wholesale of leather garments

 

BRANCHES:     Nil

 

FACTORIES:     (subcontracted)

 

 

OFFICER(S):    

 

Takeshi Udagawa, ch

TSUNEYOSHI KATO, PRES

Toyomi Udagawa, dir

 

Yen Amount:    In million Yen, unless otherwise stated

 

 

SUMMARY:      

 

FINANCES        FAIR                             A/SALES          Yen 789 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 10 M

TREND             SLOW                          WORTH            Yen 24 M

STARTED         1987                             EMPLOYES      6

 

 

COMMENT:      

 

TRADING FIRM SPECIALIZING IN GARMENTS 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS

 

MAX CREDIT LIMIT: YEN 14.1 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS:

           

The subject company was established by Takeshi Udagawa, now ch, in order to make most of his experience in the subject line of business.  This is a trading firm specializing in leather garments centrally, other garments, casual wear, other, as reported.  Imports the goods from Pakistan, Philippines, China, Italy, Korea, India, other.   Clients include major garment mfrs, wholesalers, other.

 

 

FINANCIAL INFORMATION:

           

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

 

The sales volume for Dec/2011 fiscal term amounted to Yen 789 million, a 3% up from Yen 769 million in the previous term.  The net profit was posted at Yen 4 million, compared with Yen 58 million net losses a year ago. 

 

For the term that just ended Dec 2012 the net profit was projected at Yen 5 million, on a 3% rise in turnover, to Yen 810 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 14.1 million, on 30 days normal terms. 

 

 

REGISTRATION

 

Date Registered:                      Apr 1987

Regd No.:                                 0116-01-000314 (Nerimaku-Mukoyamacho)

Legal Status:   　                     Limited Company (Kabushiki Kaisha)

Authorized:      　                     800 shares

Issued:             　                     200 shares

Sum:                　                     Yen 10 million

Major shareholders (%):           Takeshi Udagawa (63), Tsuneyoshi Kato (15), Taiichi Okubo (15), Toyomi Udagawa (5), Michiyo Miyata (2) 

No. of shareholders:                5

           

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

 

 

OPERATION:

 

Activities: Imports and wholesales leather garments centrally, formal wear, casual wear, clothing accessories, others (--100%).

 

Goods are imported from: Italy, Philippines, Pakistan, China, Korea, India, other

 

Clients: [Mfrs, wholesalers] Mitsui & Co, ABA House International, Miyoshi Sangyo, Mimatsu Co Ltd, King Co, other

            No. of accounts: 300

            Domestic areas of activities: Centered in greater-Tokyo

Suppliers: [Mfrs, wholesalers] Imports from Pakistan, China, Philippines, Italy, Korea, India, other

 

Payment record: No Complaints

 

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

 

Bank References:

MUFG (Ekoda)

SMBC (Nerima)

Relations: Satisfactory

 

 

FINANCES:

 

(In Million Yen)

　

　

31/12/2012

31/12/2011

31/12/2010

31/12/2009

Annual Sales

　

810

789

769

843

Recur. Profit

　

　

　

　

　

Net Profit

　

5

4

-58

2

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

24

20

78

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.66

2.60

-8.78

-8.47

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.62

0.51

-7.54

0.24

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/12/2012 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.