|
Report Date : |
27.03.2014 |
IDENTIFICATION DETAILS
|
Name : |
DEBS CORPORATION |
|
|
|
|
Registered Office : |
|
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2013 |
|
|
|
|
Date of Incorporation : |
April 1991 |
|
|
|
|
Com. Reg. No.: |
1200-01-08549 |
|
|
|
|
Legal Form : |
Limited Company (Kabushiki
Kaisha) |
|
|
|
|
Line of Business : |
Export of textiles, clothing
& accessories |
|
|
|
|
No. of Employees : |
26 |
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
DEBS
CORPORATION
REGD NAME: Debs
KK
MAIN OFFICE:
Tel:
06-6252-1661
Fax:
06-6252-1667
E-Mail
address: sales@debscrop.com
ACTIVITIES
Export
of textiles, clothing & accessories
BRANCHES
Kobe
(warehouse)
OFFICERS
SOBHI
DEBS, PRES
Hani Debs, v pres
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 3,900 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
20 M
TREND UP WORTH Yen 450 M
STARTED 1991 EMPLOYES 26
COMMENT
TRADING FIRM SPECIALIZING IN TEXTILES, OF MID EAST CAPITAL.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS
The subject company was established by Debs Corp, Middle
East, as its marketing office in Japan.
This is a trading firm specializing in textiles: apparel & clothing
accessories. 90% of the goods are
exported, supplied from the major Japanese makers. Sales in Japan account for 10% of total
sales. Clients include department
stores, supermarkets, retail shops, other.
FINANCIAL INFORMATION
The financials are consolidated by the parent and only
partially disclosed.
The sales volume for Mar/2013 fiscal term amounted to Yen
3,900 million, an almost similar amount of Yen 3,898 million in the previous
term. The net profit was posted at Yen 120
million, compared with net losses of Yen 240 million a year ago.
For the current term ending Mar 2014 the net profit is
projected at Yen 130 million, on a 5% rise in turnover, to Yen 4,100
million. Weaker Yen will contribute to
raise sales & profits.
The financial situation is considered FAIR and good for
ORDINARY business engagements.
REGISTRATION
Date Registered: Apr 1991
Regd No.: 1200-01-08549 (Osaka-Chuoku)
Legal Status:
Limited Company (Kabushiki Kaisha)
Authorized:
1,600 shares
Issued:
400 shares
Sum: Yen 20 million
Major shareholders (%): Sohbi Debs (50), Hani Debs,
other (--50)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports, wholesales and retails
clothing & accessories (--100%)
(Sales breakdown):
Product Area: fashion clothing (45%), lingerie,
inners (35%), textile materials (20%);
Product Groups: woven synthetics (35%), woven
semi-synthetics (40%), woven naturals (20%), knitted materials (5%)
Clients: Overseas partners, customers (--90%)
Domestically to department
stores, supermarkets, apparel stores, mail-order houses, other
No. of
accounts: 50
Domestic
areas of activities: Nationwide
Suppliers: [Mfrs, wholesalers] For exports
supplied from: Toray, Mitsubishi Rayon Textile, Teijin Frontier, Chori Co, KB
Sern, Komatsu Seiren Co, Amana Group, other
Payment record: No
complaints
Location:
Business area in Osaka. Office premises
at the caption address are owned and maintained satisfactorily.
Bank References: Mizuho Bank (Semba)
MUFG (Semba)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/03/2014 |
31/03/2013 |
31/03/2012 |
31/03/2011 |
|
Annual
Sales |
|
4,100 |
3,900 |
3,898 |
3,638 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
130 |
120 |
-240 |
45 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
450 |
330 |
570 |
|
Capital,
Paid-Up |
|
|
20 |
20 |
20 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
(%) |
(%) |
(%) |
(%) |
|
|
S.Growth Rate |
5.13 |
0.05 |
7.15 |
21.39 |
|
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
.. |
.. |
.. |
|
|
N.Profit/Sales |
3.17 |
3.08 |
-6.16 |
1.24 |
|
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2014 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.