MIRA INFORM REPORT

 

 

Report Date :

02.10.2013

 

IDENTIFICATION DETAILS

 

Name :

KATAYAMA BUNZABURO SHOTEN

 

 

Registered Office :

221 Hashibenkeicho Takoyakushidori-Karasuma-Nishi-Iru Nakagyoku Kyoto 604-8151

 

 

Country :

Japan

 

 

Financials (as on) :

31.12.2012

 

 

Year of Establishment :

1914

 

 

Legal Form :

Sole Proprietorship

 

 

Line of Business :

Export, wholesale of figured fabrics, accessories, parasol, bags, other

 

 

No. of Employees :

8

 

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

 

KATAYAMA BUNZABURO SHOTEN

 

 

REGD NAME

 

Katayama Bunzaburo Shoten (Not registered)

 

 

MAIN OFFICE

 

221 Hashibenkeicho Takoyakushidori-Karasuma-Nishi-Iru Nakagyoku Kyoto 604-8151 JAPAN

Tel:                              075-221-2666     

Fax:                              075-221-3939

URL:                             http://www.shinise.co.jp

E-Mail address:                        shibori@shinise.co.jp

 

 

ACTIVITIES

 

Export, wholesale of figured fabrics, accessories, parasol, bags, other

 

 

BRANCHES

 

Nil

 

 

OFFICERS

 

FUMIO KATAYAMA, PROPRIETOR       

           

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        R/WEAK                                   A/SALES          Yen 125 M

PAYMENTSSLOW BUT CORRECT                     CAPITAL           - - -

TREND SLOW                                       WORTH            Yen 350 M

STARTED         1915                                         EMPLOYES      8

 

 

COMMENT

 

ENTREPRENERSHIP TRADING FIRM SPECIALIZING FIGURES CLOTH.

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 by Bunzaburo Katayama, on his account, as a clothing store and has been succeeded by his descendants.  Fumio Katayama is the third generation master.  This is a sole proprietorship trading firm for export, wholesale of figured fabrics, parasol, bags, tapestry, scarves, other.  Goods are shipped to major department stores, wholesalers, other.

 

 

FINANCIAL INFORMATION

           

Financials are only partially disclosed.

 

The sales volume for Dec/2012 fiscal term amounted to Yen 125 million, a 4% down from Yen 130 million in the previous term.  The net profit is believed posted at Yen 10 million, similarly in the previous term.  Profits are not disclosed and estimated only.

 

  For the current term ending Dec 2013 the net profit is projected at Yen 10 million, on a recurring 4% rise in turnover, to Yen 130 million. 

 

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:                       Not registered

                                                (Founded 1914)

Legal Status:                Sole Proprietorship & not registered

Net worth:                                Yen 350 million

 

The subject company is owned and operated by Fumio Katayama, as a proprietorship; the net worth is Yen 350 million, which derived from his past savings.  

 

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

 

 

OPERATION

           

Activities:                     Sole proprietorship trading firm for export and wholesale of: figured fabrics, scarves,  bags, hats, parasol, tapestry, table cloth, mats, other (--100%)

 

Clients:                        [Mfrs, wholesalers] Daimaru Matsuzakaya Department Stores Co, Hankyu Hanshin Department Stores Inc, Isetan Mitsukoshi Holdings, other 

                                    No. of accounts: 50

                                    Domestic areas of activities: Centered in Kyoto and greater-Osaka

Suppliers:                    [Mfrs, wholesalers] Nobashi Co, other

 

Payment record:           Slow but correct

 

Location:                      Business area in Kyoto.  Office premises at the caption address are owned by Fumio   Katayama as his private residence and maintained satisfactorily.

 

Bank References:

                                    Mizuho Bank (Kyoto-Chuo)

                                    MUFG (Kyoto)

                                    Relations: Satisfactory

 

 

FINANCES

(In Million Yen)

 

Terms Ending:

 

31/12/2013

31/12/2012

31/12/2011

31/12/2010

Annual Sales

 

130

125

130

120

Recur. Profit

 

..

..

..

..

Net Profit

 

10

10

10

8

Total Assets

 

 

N/A

N/A

N/A

Net Worth

 

 

350

340

330

Capital, Paid-Up

 

 

 

 

 

Div.P.Share(¥)

 

 

0.00

0.00

0.00

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

4.00

-3.85

8.33

0.00

    Current Ratio

 

 

..

..

..

    N.Worth Ratio

 

..

..

..

    N.Profit/Sales

7.69

8.00

7.69

6.67

 

Notes: Financials are only partially disclosed.  Profits are not disclosed and only estimated

 

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%)

 

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.