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Report Date : |
16.06.2014 |
IDENTIFICATION DETAILS
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Name : |
MELROSE CO LTD |
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Registered Office : |
2-18-1 Aobadai Meguroku Tokyo 153-0042 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2014 |
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Date of Incorporation : |
June 1973 |
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Com. Reg. No.: |
0132-01-005902 |
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Legal Form : |
Limited Company |
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Line of Business : |
Importer, Wholesaler and Retailer of men’s & women’s clothing & accessories |
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No of Employees : |
358 |
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:
MELROSE
CO LTD
REGD NAME:
KK Melrose
MAIN OFFICE:
2-18-1 Aobadai Meguroku Tokyo 153-0042 JAPAN
Tel: 03-3464-3310 Fax:
03-3476-2426
URL: http//:www.melrose.co.jp
E-mail: info@melrose.co.jp
ACTIVITIES:
Import, wholesale, retail of
men’s & women’s clothing & accessories
STORES:
Tokyo, Yokohama, Osaka, Fukuoka, other (Tot 263), including
in-shops in department stores, supermarkets, shopping malls, other
FACTORIES:
(subcontracted)
OFFICER(S):
KAZUSHI TAKEUCHI, PRES Yuji Okusu, ch
Masao Kimura, mgn dir Jun’ichi Wakae, dir
Michiyo Okusu,
dir Takanobu Moi, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 19,000 M
PAYMENTSNO COMPLAINTS CAPITAL Yen
40 M
TREND UP WORTH Yen 13,008 M
STARTED 1973 EMPLOYES 358
COMMENT:
IMPORTER, WHOLESALER 6 RETAILER SPECIALIZING IN CLOTHING
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS
HIGHLIGHTS:
The
subject company was established by Yuji Okusu in order to make most of his
experience in the subject line of business.
This is a trading firm, with mfg division, for import, wholesale and
retail of clothing for men & women, including clothing accessories. Operates a total 363 shops in department
stores, shopping malls, including franchisees, other. Goods are also originally designed and
subcontracted mfg to overseas & local factories.
FINANCIAL
INFORMATION:
Financials
are only partially disclosed and in rounded-off numbers. Profits are not precisely disclosed and only
estimated.
The
sales volume for Feb/2013 fiscal term amounted to Yen 19,000 million, a 3% up
from Yen 18,400 million in the previous term.
The net profit was posted at Yen 350 million, compared with Yen 300 million
a year ago. .
For
the term that ended Feb 2014 the net profit is believed posted at 370 million
as projected, on a 5% rise in turnover, to Yen 19,950 million. Final results are yet to be released.
The
financial situation is considered maintained FAIR and good for ORDINARY
business engagements.
REGISTRATION:
Date Registered:
Jun 1973
Regd No.: 0132-01-005902
(Tokyo-Meguroku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 320,000
million shares
Issued: 80,000 shares
Sum: Yen 40
million
Major shareholders (%): Yuji Okusu (60)
No. of shareholders: 11
Nothing detrimental is known as
to the commercial morality of executives.
OPERATION:
Activities: Imports,
wholesales and retails clothing and clothing accessories for men & women
(--100%). Operates a total 263 stores,
including franchisees and group firms,
in-shops at department stores, shopping malls and own retailing
shops.
Goods are also originally designed & subcontracted mfg
to overseas & local factories.
Clients:
[Mfrs, wholesalers] Marui, Matsuzakaya, Au Printemps Ginza, Takashimaya,
Lumine, Aeon Mall, Mori Bldg, Odakyu Department Store, Sogo & Seibu Co,
other
No. of accounts: 500
Domestic areas of activities:
Nationwide
Suppliers:
[Mfrs, wholesalers] Takisada Osaka, Mitsui & Co, NI Teijin Shoji, Sumikin
Bussan, Moririn Co, Takisada Nagoya, Sumitex International, other
Payment record: No Complaints
Location:
Business area in Tokyo. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
MUFG
(Ebisu)
SMBC
(Aoyama)
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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19,950 |
19,000 |
18,400 |
13,700 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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370 |
350 |
300 |
250 |
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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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13,008 |
12,763 |
12,553 |
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Capital,
Paid-Up |
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40 |
40 |
40 |
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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 |
5.00 |
3.26 |
34.31 |
4.58 |
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Current Ratio |
.. |
.. |
.. |
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N.Worth Ratio |
.. |
.. |
.. |
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N.Profit/Sales |
1.85 |
1.84 |
1.63 |
1.82 |
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Notes: Financials are only partially disclosed. Profits are not precisely disclosed and only estimated.
Forecast (or estimated) figures for the 28/02/2014 fiscal term.
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
DPT |
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.