MIRA INFORM REPORT

 

 

Report Date :

02.03.2013

 

IDENTIFICATION DETAILS

 

Name :

ARIMOTO & CO LTD

 

 

Registered Office :

3-3-14 Awajimachi Chuoku Osaka 541-0047

 

 

Country :

Japan

 

 

Financials (as on) :

31.07.2012

 

 

Date of Incorporation :

March 1951

 

 

Com. Reg. No.:

1300-01-019740 (Kyoto-Nakagyoku)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Import, wholesale of textiles, apparel, clothing accessories

 

 

No. of Employees :

13

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

 

 

COMPANY NAME AND ADDRESS

 

ARIMOTO & CO LTD

REGD NAME:    Arimoto KK

MAIN OFFICE:  3-3-14 Awajimachi Chuoku Osaka 541-0047 JAPAN

Tel: 075-221-2131     Fax: 075-221-2304

                       

* Registered Headquarters at: Miyukichoi-Nishi-Iru Sanjodori  Nakagyoku Kyoto 604-8082

 

URL:                 htpp://www.arimoto.jp

E-mail address: info@arimoto.jp

 

ACTIVITIES:     Import, wholesale of textiles, apparel, clothing accessories

BRANCHES:     Tokyo, Osaka

 

OFFICER(S):     KEISHI ARIMOTO, PRES                       Koichi Arimoto, ch

                                    Atsuko Arimoto, dir                                Kento Arimoto, dir

                                    Yasuo Sekido, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

SUMMARY:       FINANCES        R/WEAK           A/SALES          Yen 387 M

                        PAYMENTS      REGULAR         CAPITAL           Yen 17 M

                        TREND             SLOW              WORTH                        Yen 46 M

                        STARTED         1951                 EMPLOYES      13

 

COMMENT:       IMPORTER & WHOLESALER SPECIALIZING IN TEXTILES. 

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

 

                        MAX CREDIT LIMIT: YEN 16.9 MILLION, 30 DAYS NORMAL TERMS

 

HIGHLIGHTS:

           

            The subject company was established originally in 1886 by a certain Arimoto as a textile merchant, on his account.  Incorporated in 1951 the firm has been succeeded by his descendants.  The firm is wholly owned and operated by the Arimoto family.  This is a trading firm specializing in import and wholesale of textiles, textile materials, clothing and clothing accessories.  Goods are partially retailed. 

 

 

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 387 million, a 7% up from Yen 363 million in the previous term.  Sales increased with operations in Tokyo expanded.  The net profit was posted at Yen 5 million, compared with Yen 1 million a year ago.

 

For the current term ending Jul 2013 the net profit is projected at Yen 5 million, on a 2% rise in turnover, to Yen 395 million.

           

            The financial situation is considered maintained RATHER WEAK but should be good for MODERATE business engagements.  Max credit limit is estimated at Yen 6.9 million, on 30 days normal terms.

 

 

REGISTRATION

 

            Date Registered:  Mar 1951

            Regd No.:         1300-01-019740 (Kyoto-Nakagyoku)

            Legal Status:      Limited Company (Kabushiki Kaisha)

            Authorized:         80,000 shares

            Issued:                34,000 shares

            Sum:                   Yen 17 million

           Major shareholders (%): Atsuko Arimoto (17.8), Rokko Shokai (13.7), Koichi Arimoto (10.8), Hiroshi Mihara (8.8), Keishi Arimoto (8.2)

            No. of shareholders: 23

           

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

 

 

OPERATION:

 

Activities: Imports and wholesales men’s wear (35%), women’s wear (5%), textile materials, suiting, others (--60%).

 

Goods are imported centrally from Italy, Switz, other.

 

Clients: [Apparel stores, wholesalers] GI Textile, Ibe KK, Associe Inc, Sun

Motoyama, Momiji Co, Cross For Co, other.

No. of accounts: 300

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Imports and supplied from Zegna Japan, Conflab,     Mantero (--Italy), other.

 

Payment record: Regular

 

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

 

Bank References:

Mizuho Bank (Kyoto)

Shoko Chukin Bank (Kyoto)

Relations: Satisfactory

 

FINANCES:

 (In Million Yen)

 

Terms Ending:

　

31/07/2013

31/07/2012

31/07/2011

31/07/2010

Annual Sales

　

395

387

363

340

Recur. Profit

　

..

..

..

..

Net Profit

　

5

5

1

-52

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

46

45

44

Capital, Paid-Up

　

　

17

17

17

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

2.07

6.61

6.76

-8.36

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

1.27

1.29

0.28

-15.29

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/07/2013 fiscal term.

 

 

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

--

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%)

 

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.