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Report Date : |
08.07.2013 |
IDENTIFICATION DETAILS
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Name : |
WONDER STAFF CO LTD |
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Registered Office : |
1-13-1 Ebisu-Minami Shibuyaku Tokyo 150-0022 |
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Country : |
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Financials (as on) : |
31.07.2012 |
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Date of Incorporation : |
August 1986 |
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Com. Reg. No.: |
0110-01-025927 (Tokyo-Shibuyaku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer import, wholesale of women’s apparel |
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No. of Employees : |
13 |
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
WONDER STAFF CO LTD
REGD NAME: KK
Wonder Staff
MAIN OFFICE: 1-13-1
Ebisu-Minami Shibuyaku Tokyo 150-0022 JAPAN
Tel: 03-5723-8881 Fax: 03-5723-8882
URL: N/A
ACTIVITIES: Mfg,
import, wholesale of women’s apparel
BRANCHES: Nil
OVERSEAS: (India,
China)
FACTORIES: Subcontracted
OFFICERS: YOSHINORI
SAITOH, PRES Mariko Saitoh, dir
Yaeko Saitoh, dir Shin’ya Watanabe, dir%
Yen Amount: In million Yen, unless otherwise stated
SUMMARY: FINANCES FAIR A/SALES Yen 650 M
PAYMENTS REGULAR CAPITAL Yen 23 M
TREND UP WORTH Yen 296 M
STARTED 1986 EMPLOYES 13
COMMENT: MFR OF WOMEN’S APPAREL.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT: YEN
11.7 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS:
The subject company was
established by Yoshinori Saitoh in order to make most of his experience in the
subject line of business. This is a
family-based trading firm, with mfg division, for import, export and wholesale
of women’s apparel, other. Mfg is
subcontracted to overseas factories: India, China, other. Clients include apparel makers, chain stores,
other
FINANCIAL INFORMATION:
Financials are only
partially disclosed as is the case with family-based companies.
The sales volume for Jul/2012 fiscal term
amounted to Yen 650 million, a 20% up from Yen 540 million in the previous
term. Overseas production
increased. Added one major apparel chain
store as a new client. The net profit
was posted at Yen 28 million, compared with 18 million a year ago.
For the current term
ending Jul 2013 the net profit is projected at Yen 20 million, on a 3% rise in
turnover, to Yen 670 million. Business
is seen expanding steadily.
The financial
situation is considered FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 11.7
million, on 30 days normal terms.
REGISTRATION
Date Registered: Aug
1986
Regd No.:
0110-01-025927 (Tokyo-Shibuyaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 184,000 shares
Issued: 46,000 shares
Sum: Yen 28 million
Major
shareholders (%): Yoshinori Saitoh (60.8), Mariko Saitoh (26.1), Yoshihisa Saitoh (8.7)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION:
Activities: Manufactures,
imports, exports and wholesales women’s apparel: one-piece dress, casual wear
(jerseys), sweater, trousers, other (--100%)
Mfg is subcontracted to overseas factories:
India, China, other
Clients: [Mfrs,
wholesalers] Jeans Factory Inter-Nakatsu, Tanaka Kosan, Word Corp, Bigi Corp,
other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from India (15 clients), China, other
Payment record: Regular
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
MUFG (Ebisu)
Mizuho Bank
(Ebisu)
Relations:
Satisfactory
FINANCES
(In Million
Yen)
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Terms Ending: |
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31/07/2013 |
31/07/2012 |
31/07/2011 |
31/07/2010 |
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Annual
Sales |
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670 |
650 |
540 |
530 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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30 |
28 |
18 |
17 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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296 |
268 |
250 |
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Capital,
Paid-Up |
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23 |
23 |
23 |
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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 |
3.08 |
20.37 |
1.89 |
17.78 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
4.48 |
4.31 |
3.33 |
3.21 |
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Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 31/07/2013 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.