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Report Date : |
04.10.2013 |
IDENTIFICATION DETAILS
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Name : |
NAKAYAMA & CO LTD |
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Registered Office : |
3-10 Kaigandori Nakaku Yokohama 231-0002 |
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Country : |
Japan |
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Financials (as on) : |
31.12.2012 |
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Date of Incorporation : |
May, 1952 |
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Com. Reg. No.: |
0200-01-00784 (Osaka-Nishiku) |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import, wholesale of textiles, clothing;
retail of liquor & operates restaurants |
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No. of Employees : |
50 |
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
NAKAYAMA
& CO LTD
REGD
NAME
YK Nakayama Shoten
MAIN
OFFICE
3-10 Kaigandori Nakaku Yokohama 231-0002
JAPAN
Tel: 045-212-2001 Fax: 045-212-3729
*.. Registered at: 39-2 Tobe-Honcho Nishiku
Yokohama
URL: N/A
ACTIVITIES
Import, wholesale of textiles, clothing;
retail of liquor & operates restaurants
BRANCHES
Yokohama (2) (--stores & restaurants)
OFFICER(S)
HIROMITSU NAKAYAMA, PRES
Hiroyuki Nakayama, dir
Yen Amount: In
million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,435 M
PAYMENTS REGULAR CAPITAL Yen
20 M
TREND SLOW WORTH Yen 579 M
STARTED 1952 EMPLOYES 50
COMMENT
TRADING HOUSE SPECIALIZING IN TEXTILES &
LIQUOR.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: YEN 26.4 MILLION, 30 DAYS
NORMAL TERMS.
HIGHLIGHTS
The subject company was established
originally in 1937 by Takayuki Nakayama as a liquor shop, on his account. Hiromitsu is the founder’s son. Since incorporated in 1952, diversified
operations into import and wholesale of textiles, clothing accessories, and
retail of wines, beers, whisky, other liquor.
Also operates restaurants & beer halls in Yokohama City. Clients are chain stores, department stores,
specialty wholesalers, etc.
FINANCIAL
INFORMTION
The sales volume for Dec/2012 fiscal term
amounted to Yen 1,435 million, a 5% down from Yen 1,518 million in the previous
term. This is referred to the high Yen
against foreign currencies, depressing sales amounts in Yen terms. The net profit, on the other hand, increased
to Yen 108 million from Yen 101 million a year ago.
For the current term ending Dec 2013 the net
profit is projected at Yen 115 million, on a 5% rise in turnover, to Yen 1,500
million.
The financial situation is considered FAIR
and good for ORDINARY business engagements.
Max credit limit is estimated at Yen 26.4 million, on 30 days normal
terms.
REGISTRATION
Date
Registered: May 1952
Regd
No. 0200-01-00784
(Osaka-Nishiku)
Legal
Status: Private
Limited Company (Yugen Kaisha)
Regd
Capital: Yen
20 million
Major
shareholders (%): Hiromitsu Nakayama and
families (--100)
No.
of shareholders: 3
Nothing detrimental is knows as to the
commercial morality of executives.
OPERATION
Activities: Imports and
wholesales textiles, men’s & women’s fashion clothing, clothing
accessories, other textile goods (--40%); retails wines, beers, whisky, other
liquor (--30%); operates restaurants (30%). (Breakdown is all about)
Clients: [Specialty
stores, chain stores, department stores] Mitsukoshi Isetan, Rosa Corp, Comme de
Garcon, Asahi Foods, Impact Trading, Bright Co, other.
No. of accounts: 300 (Wholesale div only)
Domestic areas of activities: Centered in
greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Koami, Kokubu, Masuki, Meidi-Ya, Tanaka Seika, Michel, MHJ Export,
other.
Payment
record: Regular
Location: Business area in
Yokohama. Office premises at the caption
address are owned and maintained satisfactorily.
Bank
References:
Bank of Yokohama Bank (Fujidana)
Shoko Chukin Bank (Yokohama)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/12/2013 |
31/12/2012 |
31/12/2011 |
31/12/2010 |
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Annual
Sales |
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1,500 |
1,435 |
1,518 |
1,503 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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115 |
108 |
101 |
95 |
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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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579 |
504 |
434 |
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Capital,
Paid-Up |
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20 |
20 |
20 |
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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 |
4.53 |
-5.47 |
1.00 |
-0.13 |
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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 |
7.67 |
7.53 |
6.65 |
6.32 |
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Notes: Financials are only partially
disclosed.
Forecast (or estimated) figures for the
31/12/2013 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.