MIRA INFORM REPORT

 

 

Report Date :

29.01.2013

 

IDENTIFICATION DETAILS

 

Name :

LONDON SHOE MAKE CO LTD

 

 

Registered Office :

1-12-14 Hanazono-Minami Nishinariku Osaka 557-0015

 

 

Country :

Japan

 

 

Financials (as on) :

31.05.2012

 

 

Date of Incorporation :

August, 1982

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Mfg of women’s shoes

 

 

No. of Employees :

15

 

 

 

COMPANY NAME

 

LONDON SHOE MAKE CO LTD

 

 

REGD NAME:   London Seika KK

 

MAIN OFFICE:  1-12-14 Hanazono-Minami Nishinariku Osaka 557-0015 JAPAN

Tel: 06-6657-3211      Fax: 06-6659-7938

 

URL:                 http://www.an-dex.co.jp (subsidiary)

E-Mail address: (thru the URL)

 

ACTIVITIES:     Mfg of women’s shoes

 

BRANCHES:     Tokyo

 

FACTORIES:    At the caption address; China, Bangladesh (subcontracted factory)

 

 

OFFICERS       

 

KANEATSU TOKUYAMA, PRES

Yoshinori Tokuyama, dir

Takanori Tokuyama, dir 

           

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY      

 

FINANCES        R/WEAK                       A/SALES          Yen 427 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 390 M

TREND             UP                                WORTH            Yen 432 M

STARTED         1982                             EMPLOYES      15

 

 

COMMENT      

 

MFR OF WOMEN’S SHOES.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

MAX CREDIT LIMIT: YEN 7.8 MILLION, 30 DAYS NORMAL TERMS

 

 

HIGHLIGHTS

           

            The subject company was established by Tadashi Tokuyama in order to make most of his experience in the subject line of business.  Kaneatsu is his son, who took the pres office in Mar 1998.  This is a specialized mfr of women’s shoes and accessories.  Of recently the firm subcontracted mfg to Chinese and Vietnamese factories.  Goods are imported.  Exports were terminated due to the strong Yen.  Clients include department stores, chain stores, other.

 

 

FINANCIAL INFORMATION

           

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

 

The sales volume for May/2012 fiscal term amounted to Yen 427 million, a 7% up from Yen 400 million in the previous term.  Production in China and Bangladesh increased.  The net profit was posted at Yen 2 million, compared with Yen 1 million a year ago.

 

            For the current term ending May 2013 the net profit is projected at Yen 2 million, on a 3% rise in turnover, to Yen 440 million.  Production at overseas factories continues increasing. 

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 7.8 million, on 30 days normal terms.

 

 

REGISTRATION

 

Date Registered:  Aug 1982

Regd No.:         ^

Legal Status:       Limited Company (Kabushiki Kaisha)

Authorized:         3.1 million shares

Issued:                780,000 shares

Sum:                   Yen 390 million

Major shareholders (%): Tadashi Tokuyama (80), Kaneatsu Tokuyama (10), Yoshinori Tokuyama (10)

No. of shareholders: 3

 

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

 

 

OPERATION

           

Activities: Manufactures women’s shoes and accessories (--100%)

 

Clients: [Mfrs, wholesalers] Andex Co, Hankyu Hanshin Department Store, Global Trade, other 

            No. of accounts: 200

            Domestic areas of activities: Centered in greater-Osaka

Suppliers: [Mfrs, wholesalers] Imports from subcontracted factories in China, Bangladesh, other.

Domestically supplied from: Otani Co, Tatematsu Co, Maruwa Shoten, other

 

Payment record: No Complaints

 

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

 

Bank References:

Mizuho Bank (Namba)

Resona Bank (Haginochaya)

Relations: Satisfactory

FINANCES

 

(In Million Yen)

　

　

31/05/2013

31/05/2012

31/05/2011

31/05/2010

Annual Sales

　

440

427

400

500

Recur. Profit

　

　

　

　

　

Net Profit

　

2

2

1

2

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

432

430

429

Capital, Paid-Up

　

　

390

390

390

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.04

6.75

-20.00

-50.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

0.45

0.47

0.25

0.40

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/05/2013 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.