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Report Date : |
19.02.2014 |
IDENTIFICATION DETAILS
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Name : |
ACCENT CORPORATION |
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Registered Office : |
Pola Ebisu Bldg 4F, 3-9-19 Higashi Shibuyaku Tokyo 150-0011 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2013 |
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Date of Incorporation : |
June 2002 |
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Com. Reg. No.: |
0110-02-031303 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Import, wholesale of textile products, mattress, curtain, mats |
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No. of Employees : |
26 |
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
ACCENT CORPORATION
REGD NAME: YK Accent
MAIN OFFICE: Pola Ebisu Bldg 4F, 3-9-19 Higashi Shibuyaku Tokyo 150-0011 JAPAN
Tel: 03-5469-7510 Fax: 03-5469-7314
*.. Moved to the caption address and is registered
URL: http://www.act-style.co.jp
E-Mail address: mail@act-style.co.jp
ACTIVITIES
Import, wholesale of textile products, mattress, curtain, mats, other
BRANCHES
Tokyo (3) (--stores), Osaka
OFFICERS
AKIO MAEDA, PRES Masumi Maeda, dir
Masakatsu Maeda, dir Takashi Shimura, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,640 M
PAYMENTS NO COMPLAINTS CAPITAL Yen 3 M
TREND UP WORTH Yen 579 M
STARTED 2002 EMPLOYES 26
COMMENT
TRADING FIRM SPECIALISING IN INTERIOR GOODS.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Akio Maeda in order to make most of his experience in the subject line of business. This is a trading firm specializing in interior goods, curtains, mats, mattress, textile goods, other. Goods are also retailed at own shops and online. Clients include department stores, chain stores, other.
FINANCIAL INFORMATION
Financials are only partially disclosed.
The sales volume for Mar/2013 fiscal term amounted to Yen 1,640 million, a 4% up from Yen 1,574 million in the previous term. The original brand “CRAFTHORIC” fared well. The net profit was posted at Yen 120 million, compared with Yen 126 million a year ago.
For the current term ending Mar 2014 the net profit is projected at Yen 125 million, on a 4% rise in turnover, to Yen 1,700 million. Business is seen expanding steadily.
The financial situation is considered FAIR and good for ORDINARY business engagements.
REGISTRATION
Date Registered: Jun 2002
Regd No.: 0110-02-031303 (Tokyo-Shibuyaku)
Legal Status: Private Limited Company (Yugen Kaisha)
Regd Capital: Yen 3 million
Major shareholders (%): Akio Maeda (60), and families (--40)
No. of shareholders: 7
Nothing detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, wholesales and retails interior goods, textile goods: mats, mattress, curtains, tapestry, fabrics, other (100%)
Clients: [Mfrs, wholesalers] Loft Co, Rep House Inc, Tokyu Hands, Passport Co, System Jewyon, Weeks, 300Yokohama Joban Trading, other
No. of accounts: 300
Domestic areas of activities: Centered in greater-Tokyo
Suppliers: [Mfrs, wholesalers] Dreams Export, Harison & Hullage, other
Payment record: No complaints
Location: Business area in Tokyo. Office premises at the caption address are leased and maintained satisfactorily.
Bank References: Jonan Shinkin Bank (Osaki)
MUFG (Ebisu)
Relations: Satisfactory
FINANCES
(In Million Yen)
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Terms
Ending: |
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31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
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Annual
Sales |
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1,700 |
1,640 |
1,574 |
1,585 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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125 |
120 |
126 |
117 |
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Total
Assets |
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N/A |
N/A |
856 |
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Net
Worth |
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579 |
495 |
407 |
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Capital,
Paid-Up |
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3 |
3 |
3 |
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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 |
3.66 |
4.19 |
-0.69 |
-9.79 |
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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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47.55 |
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N.Profit/Sales |
7.35 |
7.32 |
8.01 |
7.38 |
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Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 31/03/2014 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.