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Report Date : |
09.10.2013 |
IDENTIFICATION DETAILS
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Name : |
NANO UNIVERSE CO LTD |
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Registered Office : |
Crystal Point 6F, 1-9-14 Jinnan Shibuyaku Tokyo 150-0041 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2013 |
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Date of Incorporation : |
July 2002 |
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Com. Reg. No.: |
0110-01-042049 |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Subject is engaged in retail of
clothing, clothing accessories, jewelry |
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No. of Employees : |
550 |
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 AND
ADDRESS
NANO UNIVERSE CO LTD
REGD NAME: KK Nano Universe
MAIN OFFICE: Crystal Point 6F, 1-9-14 Jinnan Shibuyaku Tokyo 150-0041 JAPAN
Tel: 03-5456-9955
Fax: 03-5456-9966
URL: http://www.nanouniverse.co.jp
E-Mail address: info@nanouniverse.co.jp
ACTIVITIES
Retail of clothing, clothing
accessories, jewelry, other
STORES
Hokkaido (2), Tohoku (3), Hokuriku
(2), Kanto (27), Chubu (7), Kansai (12),
Chugoku/Shikoku (3), Kyushu (6).
(Tot 60)
FACTORIES
(subcontracted)
OFFICER(S)
Yasuo Yamada, ch
HIROYUKI FUJITA, PRES
Mitsunobu Numakura, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 19,895 M
PAYMENTS REGULAR CAPITAL Yen 100 M
TREND STEADY WORTH Yen 1,490 M
STARTED 2002 EMPLOYES 550
COMMENT
RETAILER OF CLOTHING & CLOTHING
ACCESSORIES, OWNED BY TOKYO STYLE CO LTD...
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
HIGHLIGHTS
The subject company was
established on the basis of a division separated from Tokyo Style Co Ltd (See REGISTRATION). This is a retail shop chain operator
specializing in clothing for men & women, clothing accessories, jewelry,
other, operating a select shop “Nano Universe”.
Goods are originally designed and subcontracted mfg to domestic &
overseas mfrs. Operates a total 60
stores, branded Nano Universe, nationwide.
Goods are also wholesales and sold online.
FINANCIAL INFORMATION
Financial are consolidated by the
parent, Tokyo Style Co Ltd, and only partial figures are disclosed.
The sales volume for Feb/2013
fiscal term amounted to Yen 19,985 million, a 34% up from Yen 14,881 million in
the previous term. New stores, including
franchisees, were opened during the term.
The net profit was posted at Yen 636 million, compared with Yen 525
million a year ago. .
For the current term ending Feb
2014 the net profit is projected at Yen 700 million, on an 11% rise in
turnover, to Yen 22,000 million. New
stores, including franchisees, will be opened.
Financial situation is considered maintained
FAIR and good for ORDINARY business engagements.
REGISTRATION
Date Registered: Jul 2002
Regd No.:
0110-01-042049 (Tokyo-Shibuyaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 2,640 shares
Issued: 2,000 shares
Sum: Yen
100 million
Major shareholders (%): Tokyo Style Co Ltd*(100)
* Major mfr of women’s ready-made apparel, Tokyo, founded
1949, capital Yen 26,734 million, sales Yen 23,461 million, net loss Yen 5,799
million, employees 281, pres Masahiko Miyake.
Now under TSI Holdings Co Ltd, founded 2011 thru business consolidations
between Tokyo Style Co and Sanei International Co.
Nothing detrimental is known as to
the commercial morality of executives.
OPERATION
Activities: Retails and
wholesales casual wear & clothing accessories for men (50%), for women
(50%).
Goods are subcontracted mfg to
domestic & overseas mfrs.
Clients: [Chain
stores, consumers, franchisees, specialty stores]: Lumine Co, LaLaport Management, Parco Co, Fujii
Daimaru Co, Start Today, Project Five, other
No. of accounts: 300 (wholesale
Div)
Domestic areas of activities:
Nationwide
Suppliers: [Mfrs,
wholesalers] Mitsubishi Corp, Toyota Tsusho Corp, Takisada Osaka, Takisada
Nagoya, Asics Corp, Spring Co, other
Imports from overseas.
Payment record:
Regular
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References: SMBC (Shibuya)
Mizuho
Bank (Ebisu)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms
Ending: |
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28/02/2014 |
28/02/2013 |
29/02/2012 |
28/02/2011 |
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Annual
Sales |
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22,000 |
19,895 |
14,881 |
10,601 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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700 |
636 |
525 |
242 |
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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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1,490 |
1,045 |
678 |
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Capital,
Paid-Up |
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100 |
100 |
0 |
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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 |
10.58 |
33.69 |
40.37 |
11.48 |
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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 |
3.18 |
3.20 |
3.53 |
2.28 |
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Notes: Financials are only
partially disclosed.
Forecast (or estimated) figures for
the 28/02/2014 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.