MIRA INFORM REPORT

 

 

Report No. :

353719

Report Date :

05.12.2015

 

IDENTIFICATION DETAILS

 

Name :

DEPLUS CO LTD

 

 

Registered Office :

185 Shimookimachi Maebashi City Gunma-Pref 371-0011

 

 

Country :

Japan

 

 

Financials (as on) :

31.08.2015

 

 

Date of Incorporation :

October 1993

 

 

Com. Reg. No.:

0700-01-002317 (Gunma-Maebashi)

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Wholesales and retails clothing accessories (bags, scarves, shoals, shoes)

 

 

No. of Employee :

4

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ca

 

RATING

STATUS

PROPOSED CREDIT LINE

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

 

Status :

Moderate

 

 

Payment Behaviour :

Slow

 

 

Litigation :

Clear

 

 

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

 

 

ECGC Country Risk Classification List – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Company name

 

DEPLUS CO LTD

 

REGD NAME:   Dupurysu KK

MAIN OFFICE:  185 Shimookimachi Maebashi City Gunma-Pref 371-0011 JAPAN

                                    Tel: 0276-56-0168      Fax: 0276-56-0168

 

*.. The given address is store in Takasaki City

 

URL:                 Nil

 

 

ACTIVITIES

 

Retail of clothing accessories

 

 

BRANCHES

 

Saitama, Gunma (--stores)

 

 

OFFICERS

 

SHINO TANAKA, PRES

Tomomi Chikira, dir

Koji Shiraishi, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        R/WEAK           A/SALES          Yen 217 M

PAYMENTSSLOW                     CAPITAL           Yen 10 M

TREND SLOW               WORTH            Yen (-) 7 M      

STARTED         1993                 EMPLOYES      4

 

 

COMMENT

 

RETAILER OF CLOTHING ACCESSORIES.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company is a wholesaler and retailer of clothing accessories, other, operating 3 retail shops in Saitama and Gunma-Pref.  Wholesale clients include specialty stores.

 

 

FINANCIAL INFORMATION

           

Financials are disclosed only partially.

 

The sales volume for Aug/2015 fiscal term amounted to Yen 217 million, an 11% down from Yen 245 million in the previous term.  The operations continued in the deficit to post Yen 8 million net losses, compared with Yen 4 million net losses a year ago.

 

For the current term ending Aug 2016 the operations are projected to come back to profitability but still limited to a minimum amount post-taxes, on a 4 % rise in turnover, to Yen 225 million.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements. 

 

 

REGISTRATION

    

Date Registered:                       Oct 1993

Regd No.:                                  0700-01-002317 (Gunma-Maebashi)

Legal Status:                 Limited Company (Kabushiki Kaisha)

Authorized:                   800 shares

Issued:                          200 shares

Sum:                             Yen 10 million

Major shareholders (%):           Tomomi Chikira (47.5), Koji Shiraishi (45.5)

No. of shareholders: 3

 

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

 

 

OPERATION

           

Activities: Wholesales and retails clothing accessories (bags, scarves, shoals, shoes), other (--100%)

 

Clients: [Mfrs, wholesalers] Eiwa Shoji, North Object, FO International, other 

            No. of accounts: Unavailable

            Domestic areas of activities: Centered in Gunma-Pref

Suppliers: [Mfrs, wholesalers] Kamio Japan Inc, Eiwa Shoji, other

 

Payment record: Slow

 

Location: Business area in Maebashi City, Gunma-Pref.  Office premises at the caption address are owned and maintained satisfactory.

 

Bank References:

Gunma Bank (Katagai)

Resona Bank (Maebashi)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

Terms Ending:

　

31/08/2016

31/08/2015

31/08/2014

31/08/2013

Annual Sales

　

225

217

245

263

Recur. Profit

　

..

..

..

..

Net Profit

　

0

-8

-4

1

Total Assets

　

　

N/A

103

106

Net Worth

　

　

-7

1

5

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

3.69

-11.43

-6.84

-1.13

    Current Ratio

　

　

..

..

..

    N.Worth Ratio

　

　

..

0.97

4.72

    N.Profit/Sales

　

0.00

-3.69

-1.63

0.38

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/08/2016 fiscal term.

 

 

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.84

UK Pound

1

Rs.101.04

Euro

1

Rs.73.05

JPY

1

Rs. 0.54

Note : Above are approximate rates obtained from sources believed to be correct

 

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ASH

 

 

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.