|
Report Date : |
02.10.2013 |
IDENTIFICATION DETAILS
|
Name : |
GIO & CO LTD |
|
|
|
|
Registered Office : |
473
Kitakoji-Higashimachi Inokumadori-Teranouchi Kamigyoku Kyoto 602-8413 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.12.2012 |
|
|
|
|
Date of Incorporation : |
Sept. 2001 |
|
|
|
|
Legal Form : |
Private Limited Company (Yugen Kaisha) |
|
|
|
|
Line of Business : |
Export, Wholesale of Japanese Clothing (Kimono) |
|
|
|
|
No. of Employees : |
4 |
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
GIO & CO LTD
REGD NAME
YK Gio
MAIN OFFICE
473
Kitakoji-Higashimachi Inokumadori-Teranouchi Kamigyoku Kyoto 602-8413 JAPAN
Tel: 075-411-2000 Fax: 075-411-2502
URL: N/A
ACTIVITIES
Export,
wholesale of Japanese clothing (kimono)
BRANCHES
Nil
FACTORIES
(Subcontracted)
OFFICERS
KANJI
KANO, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 126 M
PAYMENTSSLOW
BUT CORRECT CAPITAL Yen 3 M
TREND UP WORTH Yen 21 M
STARTED 2001 EMPLOYES 4
COMMENT
TRADING FIRM SPECIALIZING IN JAPANESE CLOTHES (KIMONO).
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 2.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established on the basis of a trading division separated from
Scope Coco Co Ltd, mfr of Japanese clothing (kimono), Kyoto. Kanji Kano is concurrently pres at the
parent. This is a trading company for
export and wholesale of Japanese clothes (kimono), and accessories. Goods are supplied from and shipped to Scope
Coco Co Ltd.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The
sales volume for Dec/2012 fiscal term amounted to Yen 126 million, a 2% up, sis
adjusted on a 12-month basis, from Yen 82 million for 8 months in the previous
term. The net profit was posted at Yen 1
million, similarly in the previous period.
For
the current term ending Dec 2013 the net profit is projected at Yen 2 million,
on a 7% rise in turnover, to Yen 135 million.
Exports continue rising. Weaker
Yen may raise export earnings in Yen terms.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements. Max credit limit
is estimated at Yen 2.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Sept 2001
Legal Status: Private Limited Company
(Yugen Kaisha)
Authorized: 240 shares
Issued:
60
shares
Sum: Yen
3 million
Major shareholders
(%): Kanji Kano (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION
Activities: Exports
and wholesales Japanese clothes (kimono) and accessories (--100%)
Clients: [Mfrs,
wholesalers] Scope Coco Co, other
No. of
accounts: 10
Domestic
areas of activities: Centered in Kyoto-Pref
Suppliers: [Mfrs,
wholesalers] Scope Coco Co, other
Payment record: Slow but correct
Location: Business area in
Kyoto. Office premises at the caption
address are owned by Kanji Kanoh as his
private residence and maintained satisfactorily.
Bank References:
Kyoto Bank
(Murasakino)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/12/2013 |
31/12/2012 |
31/12/2011 |
30/04/2010 |
|
Annual
Sales |
|
135 |
126 |
82 |
100 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
2 |
1 |
1 |
2 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
21 |
20 |
19 |
|
Capital,
Paid-Up |
|
|
3 |
3 |
3 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
7.14 |
2.43 |
23.00 |
-23.08 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
1.48 |
0.79 |
1.22 |
2.00 |
|
Notes: Financials are only partially disclosed. The 31/12/2011 fiscal term is for irregular 8
months. Growth rates are adjusted on a
12-month basis.
Forecast
(or estimated) figures for the 31/12/2013 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.