MIRA INFORM REPORT
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Report Date : |
27.05.2013 |
IDENTIFICATION DETAILS
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Name : |
COSMO TRADING CO LTD |
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Registered Office : |
3-29-4 Sendagaya Shibuyaku Tokyo 151-0051 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2012 |
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Date of Incorporation : |
August, 1980 |
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Com. Reg. No.: |
0110-01-072189 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, wholesale of women’s clothing & accessories |
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No. of Employees : |
9 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
COMPANY NAME
COSMO TRADING CO
LTD
REGD NAME: Cosmo Trading KK
MAIN OFFICE: 3-29-4 Sendagaya Shibuyaku Tokyo 151-0051
JAPAN
Tel:
03-5496-1724 Fax: 03-5496-1740
URL: Error! Hyperlink
reference not valid.
E-Mail address: info@cosmo-tr.com
ACTIVITIES: Import, wholesale of women’s clothing &
accessories
BRANCHES: Ebina (Kanagawa)
OFFICERS: SHINSUKE NEMOTO, PRES
Taeko Nemoto, dir
Fusae Sano,
dir
Yen Amount: In million Yen,
unless otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 270 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
23 M
TREND SLOW WORTH Yen 68 M
STARTED 1980 EMPLOYES 9
COMMENT
TRADING FIRM SPECIALIZING IN WOMEEN’S CLOTHING & ACCESSORIES.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR
MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 5.1 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The subject company was established by Shinsuke Nemoto in order to make
most of his experience in the subject line of business. This is a trading firm, owned and operated by
Nemoto family, for import and wholesale of women’s clothing and
accessories. Goods are imported from
China, India, Indonesia, Korea, other S/E Asian countries. Clients include chain stores, retailers,
other.
FINANCIAL
INFORMATION
Financials are only partially disclosed.
The sales volume for Jul/2012 fiscal term amounted to Yen 270 million, a
7% down from Yen 290 million in the previous term. High Yen hurt sales, decreasing earnings and
profits in Yen terms. The net profit was
posted at Yen 1 million, similarly in the previous term.
For the current term ending Jul 2013 the net profit is projected at Yen
3 million, on a ‘% rise in turnover, to Yen 290 million. Weaker Yen may contribute to increase sales
figures.
The financial situation is considered RATHER WEAK but should be good for
MODERATE business engagements. Max
credit limit is estimated at Yen 5.1 million, on 30 days normal terms.
REGISTRATION
Date Registered: Aug
1980
Regd No.: 0110-01-072189
(Tokyo-Shibuyaku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 184,000 shares
Issued:
46,000 shares
Sum: Yen
23 million
Major shareholders
(%): Shinsuke Nemoto (100)
Nothing detrimental is known as to the commercial morality of
executives.
OPERATION
Activities: Imports and
wholesales women’s clothing and accessories: suits, blouse, skirts, pants,
coats, jackets, sweaters, necklaces, belts, scarves, hats, other (--100%)
Clients: [Mfrs,
wholesalers] Betty-House Co, Marui Co, other
No. of accounts: 300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Imports from India, China, Indonesia, Korea, other S/E Asian countries
Payment record: Slow but Correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Jiyugaoka)
Mizuho Bank (Gotanda)
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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290 |
270 |
290 |
300 |
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Recur. Profit |
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.. |
.. |
.. |
.. |
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Net Profit |
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3 |
1 |
1 |
1 |
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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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68 |
67 |
66 |
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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 |
7.41 |
-6.90 |
-3.33 |
-4.76 |
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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 |
1.03 |
0.37 |
0.34 |
0.33 |
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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 |
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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.