MIRA INFORM REPORT

 

 

Report No. :

354611

Report Date :

11.12.2015

 

IDENTIFICATION DETAILS

 

Name :

OSAKA INDUSTRY CO LTD

 

 

Registered Office :

1-8-15 Kita-Kyuhonjimachi Chuoku Osaka 541-0057

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2015

 

 

Date of Incorporation :

May 1947

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Imports, retails and wholesales beads accessories, jewelry accessories, other (--100%)

 

 

No. of Employee :

15

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Small company

 

 

Payment Behaviour :

No complaints

 

 

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 and address

 

OSAKA INDUSTRY CO LTD

 

REGD NAME:               Osaka Sangyo KK

MAIN OFFICE:              1-8-15 Kita-Kyuhonjimachi Chuoku Osaka 541-0057 JAPAN

                                                Tel: 06-6271-6636      Fax: 06-6271-6630

 

URL:                             N/A

 

 

ACTIVITIES

 

Retail, wholesale of beads accessories, jewelry accessories, other

 

 

BRANCHES

 

Tokyo, Kyoto, Nagoya, other (Tot 14 stores)

 

 

OFFICERS

 

IKUO FUJIMORI, PRES

                       

Yen Amount:                 In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES        FAIR                                         A/SALES          Yen 350 M

PAYMENTSNO COMPLAINTS                CAPITAL           Yen 10 M

TREND STEADY                                   WORTH            Yen 248 M      

STARTED         1947                                         EMPLOYES      15

 

 

COMMENT

 

RETAILER OF BEADS ACCESSORIES, JEWELRY ACCESSORIES, OTHER.

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR

ORDINARY BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company is a retailer and wholesaler of beads accessories, jewelry accessories, other.  Operates 14 retail stores nationwide.  Goods are imported mainly from Europe.  Wholesale clients include department stores, specialty stores, other

 

 

FINANCIAL INFORMATION

           

Financials are disclosed only partially.  Profits are not disclosed and estimated only.

 

The sales volume for Jun/2015 fiscal term amounted to Yen 350 million, a similar amount in the previous term.  The net profit is estimated posted at Yen 4 million, similarly in the previous term.

 

For the current term ending Jun 2016 the net profit is projected at Yen 5 million, on a 3% rise in turnover, to Yen 360 million.

 

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

 

 

REGISTRATION

    

Date Registered:                       May 1947

Legal Status:                Limited Company (Kabushiki Kaisha)

Authorized:                  80,000 shares

Issued:                         20,000 shares

Sum:                            Yen 10 million

Major shareholders (%):           Ikuo Fujimori (80), and families (--20)

No. of shareholders: 3

 

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

 

 

OPERATION

           

Activities: Imports, retails and wholesales beads accessories, jewelry accessories, other (--100%)

(Retail 90%, wholesale 10%)

 

Clients: [Consumers, mfrs, wholesalers] Daimaru Matsuzakaya Department Stores, Isetan Mitsukoshi Ltd, Sogo & Seibu Co, Tokyu Department Store, JR Station Stores, other 

No. of accounts: 150 (Wholesales only)

Domestic areas of activities: Nationwide

Suppliers: [Mfrs, wholesalers] Imports from Italy, France, Germany, other

Also supplied from domestic accessory mfrs, wholesalers, other

 

Payment record: No Complaints

 

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

 

Bank References:

MUFG (Kawaramachi)

Awa Bank (Osaka)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

Terms Ending:

　

30/06/2016

30/06/2015

30/06/2014

30/06/2013

Annual Sales

　

360

350

350

340

Recur. Profit

　

..

..

..

..

Net Profit

　

5

4

4

4

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

248

244

240

Capital, Paid-Up

　

　

10

10

10

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

2.86

0.00

2.94

-29.17

    Current Ratio

　

　

..

..

..

    N.Worth Ratio

　

　

..

..

..

    N.Profit/Sales

　

1.39

1.14

1.14

1.18

 

Notes: Financials are only partially disclosed.  Profits are not disclosed and estimated only.

Forecast (or estimated) figures for the 30/06/2016 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.66.79

UK Pound

1

Rs.101.37

Euro

1

Rs.73.46

YEN

1

Rs.0.55

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

 

 

INFORMATION DETAILS

 

Analysis Done by :

TRI

 

 

Report Prepared by :

ANK

 

 

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.