MIRA INFORM REPORT

 

 

Report Date :

14.01.2014

 

IDENTIFICATION DETAILS

 

Name :

YUZAWAYA SHOJI CO LTD

 

 

Registered Office :

8-4-12 Nishi-Kamata Otaku Tokyo 144-0051

 

 

Country :

Japan

 

 

Financials (as on) :

28.02.2013

 

 

Date of Incorporation :

November 1963

 

 

Com. Reg. No.:

0108-01-012309

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Retail of hobby crafts, handicrafts, knitting goods

 

 

No. of Employees :

450

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

 

 

COMPANY NAME AND ADDRESS

 

YUZAWAYA SHOJI CO LTD

 

REGD NAME:    Yuzawaya Shoji KK

MAIN OFFICE:  8-4-12 Nishi-Kamata Otaku Tokyo 144-0051 JAPAN

                        Tel: 03-3735-4141     

Fax: 03-5703-8685

 

                        *.. The is one of its stores

 

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

E-Mail address: (thru the URL to each department/store)

 

 

ACTIVITIES     

 

Retail of hobby crafts, handicrafts, knitting goods

 

 

BRANCHES     

 

66 stores nationwide

 

 

OFFICERS       

 

YOSHIO HATANAKA, PRES      Hiroo Hatanaka, v pres

Masaru Takagi, s/mgn dir           Nobumoto Hatanaka, dir

Hiromoto Hatanaka, dir  

           

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY       

 

FINANCES        FAIR                             A/SALES          Yen 17,800 M

PAYMENTS      SLOW BUT CORRECT   CAPITAL           Yen 100 M

TREND             STEADY                       WORTH            Yen 10,362 M

STARTED         1963                             EMPLOYES      450

 

 

COMMENT       

 

SHOP OPERATOR OF HANDICRAFTS, HOBBY CRAFTS, KNITTING GOODS.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

                       

 

 

 

 

HIGHLIGHTS

           

The subject company is an operator of shops handling handicrafts, hobby crafts (See OPERATION), owned and operated by Hatanaka families, operating 66 stores nationwide.  Other than store selling, the goods are shipped to knitting schools, other.

 

 

FINANCIAL INFORMATION

           

The sales volume for Feb/2013 fiscal term amounted to Yen 17,800 million, a 1% down from Yen 18,000 million in the previous term.  The net profit was posted at Yen 20 million, compared with Yen 581 million net losses a year ago.

 

For the current term ending Feb 2014 the net profit is projected at Yen 25 million, on a 4% rise in turnover, to Yen 18,500 million. 

 

The financial situation is considered FAIR and good for ORDINARY business engagements. 

 

 

REGISTRATION

 

Date Registered:  Nov 1963

Regd No.:         0108-01-012309 (Tokyo-Otaku)

Legal Status:      Limited Company (Kabushiki Kaisha)

Authorized:         800,000 shares

Issued:                200,000 shares

Sum:                   Yen 100 million

Major shareholders (%): Hiroo Hatanaka and families (--100)

No. of shareholders: 7

 

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

 

 

OPERATION

           

Activities: Operates 66 shops nationwide selling handicrafts, hobby crafts, knitting goods, other, operating 66 stores nationwide (--100%)

 

(Handling Items)

Department No.1: fabrics for home & fashion sewing, cotton fabrics, fabrics for dance & stage costumes, clothing fabrics for men (made to order), home furnishings for window;

Department No.2: notions, lining & interlining fabrics, sewing machines;

Department No.3: hand knitting yarns & tools, handicraft materials & tools, craftworks materials & tools, artificial flowers & tools, weaving & spinning materials & tools;

Department No.4: artists supplies, home & office use stationery, calligraphy;

Department No.5: jigsaw puzzles, model trains, variety goods, other

 

Clients: Consumers, knitting schools, other 

            No. of accounts: Unavailable

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Takisada Nagoya, Lecien, Wacoal Co, Tsukamoto Corp, Tamurakoma, other

 

Payment record: Slow but correct

 

Location: Business area in Tokyo.  Office premises at the caption address are owned and maintained satisfactorily.

 

Bank References:        MUFG (Kamata)

                                    Mizuho Bank (Kamata)

                                    Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

       Terms Ending:

28/02/2014

28/02/2013

29/02/2012

28/02/2011

Annual Sales

　

18,500

17,800

18,000

18,500

Recur. Profit

　

　

　

　

　

Net Profit

　

25

20

-581

23

Total Assets

　

　

19,976

19,202

21,490

Current Assets

　

　

13,379

12,721

13,467

Current Liabs

　

　

1,190

2,522

3,315

Net Worth

　

　

10,362

10,350

10,932

Capital, Paid-Up

　

　

100

100

100

Div.P.Share(¥)

　

　

　

　

　

<Analytical Data>

(%)

(%)

(%)

(%)

    S.Growth Rate

3.93

-1.11

-2.70

1.65

    Current Ratio

 

..

1,124.29

504.40

406.24

    N.Worth Ratio

..

51.87

53.90

50.87

    R.Profit/Sales

 

..

..

..

..

    N.Profit/Sales

0.14

0.11

-3.23

0.12

    Return On Equity

..

0.19

-5.61

0.21

 

Notes: Forecast (or estimated) figures for the 28/02/2014 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.