MIRA
INFORM REPORT
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Report Date : |
11.05.2013 |
IDENTIFICATION DETAILS
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Name : |
Feel Co Ltd. |
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Registered Office : |
4-1101-1 Uedayama Tampakuku Nagoya 468-0001 |
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Country : |
Japan |
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Financials (as on) : |
30.04.2012 |
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Date of Incorporation : |
December, 1988 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, Wholesaler of Furniture and Interior Goods. |
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No. of Employees : |
4 |
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
FEEL CO LTD
REGD NAME:
KK Feel
MAIN OFFICE:
4-1101-1 Uedayama
Tampakuku Nagoya 468-0001 JAPAN
Tel:
052-861-8941 Fax: 052-861-8951
URL: http://www.spice-garden.com (Of
the parent, Spice Co Ltd)
E-Mail address: (thru the URL)
ACTIVITIES:
Import,
wholesale of furniture, interior goods
BRANCHES:
Nil
OFFICERS:
OSAMU
IMAI, PRES
Akio
Imai, dir
Eiichi
Wada, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 400 M
PAYMENTSSLOW
BUT CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen 60 M
STARTED 1988 EMPLOYES 4
COMMENT:
TRADING FIRM SPECIALIIZNG IN FURNITURE.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 7.2 MILLIONS, 30 DAYS NORMAL TERMS
HIGHLIGHTS:
The subject company was established on the basis of a
division separated from Spice Co Ltd, at the caption address. This is a trading firm, originally as Shop
Tech Co Ltd, and renamed as captioned later, specializing in import and wholesale,
as commission merchant, of furniture, house interior goods, other. Goods are
mostly shipped to the parent.
FINANCIAL INFORMATION:
Financials are only partially disclosed.
The revenues for Apr/2012 fiscal term amounted to Yen 400
million, an 8% down from Yen 436 million in the previous term. The recurring profit is estimated posted at
Yen 10 million and the net profit at Yen 5 million, respectively, compared with
Yen 1 million recurring loss and Yen 1 million net loss, respectively, a year ago. Profits are estimated as not precisely
disclosed.
For the term that ended Apr 2013 the recurring profit was
projected at Yen 10 million and the net profit at Yen 5 million, respectively,
on a 3% rise in turnover, to Yen 410 million.
Final results are yet to be released.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 7.2 million, on 30 days normal terms.
REGISTRATION
Date Registered: Dec
1988
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued:
200 shares
Sum: Yen 10 million
Major shareholders (%): Osamu Imai (100)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION:
Activities: Imports and wholesales, as commission
merchant, furniture (wooden, bamboo, other), home interior goods, others
(--100%)
Clients: [Mfrs, wholesalers] Spice Co Ltd,
other
No. of accounts: 100
Domestic areas of activities:
Centered in greater-Nagoya
Suppliers: [Mfrs, wholesalers] Guandong Silque,
Senzyo Enterprise, Zibo Jadelight6, other
Payment record: Slow
But Correct
Location:
Business area in Nagoya. Office premises
at the caption address are owned by the parent, Spice Co Ltd, leased and
maintained satisfactorily.
Bank References:
MUFG
(Tsurumai)
Relations:
Money deposits and transfers only
FINANCES (In Million Yen)
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Terms Ending: |
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30/04/2013 |
30/04/2012 |
30/04/2011 |
30/04/2010 |
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Annual
Sales |
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410 |
400 |
436 |
418 |
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Recur.
Profit |
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10 |
10 |
-1 |
14 |
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Net
Profit |
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5 |
5 |
-1 |
-2 |
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Total
Assets |
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N/A |
102 |
90 |
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Net
Worth |
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60 |
55 |
57 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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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 |
2.50 |
-8.26 |
4.30 |
-11.81 |
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Current Ratio |
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2.50 |
-0.22 |
-0.47 |
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N.Worth Ratio |
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.. |
53.92 |
63.33 |
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N.Profit/Sales |
1.22 |
1.25 |
-0.23 |
-0.48 |
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Notes: Financials are only partially disclosed. Profits for the 30/04/2012 term are estimated
as not precisely disclosed.
Forecast
(or estimated) figures for the 30/04/2013 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.