|
Report No. : |
354612 |
|
Report Date : |
11.12.2015 |
IDENTIFICATION DETAILS
|
Name : |
BASCO CO LTD |
|
|
|
|
Registered Office : |
2-12-25 Ropponmatsu Chuoku
Fukuoka 810-0044 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.08.2014 |
|
|
|
|
Date of Incorporation : |
April 1996 |
|
|
|
|
Com. Reg. No.: |
2900-01-035710 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Retails and wholesales women’s clothing, clothing
accessories, other, operating 10 retail shops (--100%) |
|
|
|
|
No. of Employee : |
36 |
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
BASCO CO LTD
REGD NAME: KK Basco
MAIN OFFICE: 2-12-25 Ropponmatsu Chuoku Fukuoka 810-0044
JAPAN
Tel: 092-732-5929
Fax: 092-732-5929
*.. Moved to the caption address in Sept/2012 from the
one as given
URL: http://www.basco-nest.com
E-Mail
address: (thru the URL)
ACTIVITIES
Retail,
wholesale of women’s clothing, accessories, other
BRANCHES
10
retail stores (including in-shop at department stores)
OFFICERS
NORIKO
OBATA, PRES
Hiromi
Takahashi, rep dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 400 M
PAYMENTSSLOW BUT CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen 45 M
STARTED 1996 EMPLOYES 36
COMMENT
RETAILER OF CLOTHING AND WOMEN’S
CLOTHING ACCESSORIES.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: ESTIMATED AT YEN 7.5 MILLION, ON 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject company is a retailer and wholesaler of women’s
clothing, clothing accessories, other (See OPERATION). Operates 10 retail stores, including in-shop
at department stores. Goods are imported
from Europe, Asia, other. Wholesale
clients include department stores, supermarkets, other
FINANCIAL INFORMATION
Financials are disclosed only partially.
The sales volume for Aug/2014 fiscal term amounted to Yen 400
million, a 4% down from
Yen 415 million in the previous term. The net profit was posted at Yen 1 million,
compared with Yen 6 million net losses a year ago.
For the term that ended Aug 2015 the net profit was
projected at Yen 3 million, on a 5% rise in turnover, to Yen 420 million. Final results are yet to be released.
The financial situation is considered FAIR and good for
ORDINARY business engagements. Max
credit limit is estimated at Yen 7.5 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 1996
Regd No.: 2900-01-035710
(Fukuoka-Chuoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 240 shares
Issued:
60 shares
Sum: Yen
10 million
Major shareholders (%): Noriko Obata (50), Hiromi Takahashi (50)
No. of shareholders: 2
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Retails and wholesales women’s clothing,
clothing accessories, other, operating 10 retail shops (--100%)
(Handling items): court, jacket, tops, pants, shirt,
one-piece dress, cut & sew, stole, legwear, other.
Clients: Consumers, department stores,
supermarkets, other
No. of
accounts: 100
Domestic
areas of activities: Centered in Fukuoka-Pref & vicinities
Suppliers: [Mfrs, wholesalers] Goods are imported
Payment record: Slow but correct
Location:
Business area in Fukuoka. Office
premises at the caption address are owned and maintained satisfactory.
BANK REFERENCES
Nishi-Nippon City Bank (Daimyo)
Bank of Fukuoka (Ropponmatsu)
Relations: Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/08/2015 |
31/08/2014 |
31/08/2013 |
31/08/2012 |
|
Annual Sales |
|
420 |
400 |
415 |
410 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
3 |
1 |
-6 |
2 |
|
Total Assets |
|
|
N/A |
N/A |
N/A |
|
Net Worth |
|
|
45 |
44 |
50 |
|
Capital, Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
5.00 |
-3.61 |
1.22 |
2.50 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
|
N.Profit/Sales |
|
0.71 |
0.25 |
-1.45 |
0.49 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/08/2015 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.