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Report No. : |
357015 |
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Report Date : |
24.12.2015 |
IDENTIFICATION DETAILS
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Name : |
ADVENTURE CO LTD |
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Registered Office : |
2-8-1 Tanotsu Higashiku Fukuoka 813-0034 |
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Country : |
Japan |
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Financials (as on) : |
31.05.2015 |
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Date of Incorporation : |
Mar 1966 |
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Com. Reg. No.: |
2900-01-002588 (Fukuoka-Higashiku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufactures (subcontracted) and wholesales: skirts, jackets, coats,
suits, blouse T-shirts, sweaters, other (Capri*) (--40%); handbags, scarves, umbrellas,
handkerchiefs, shoes, towels, aprons, cushions, table cloths, other
(Gloria*); aprons, blouses, T-shirts, sweaters, others for mid-aged women
(Capri*); other fashion clothing, clothing accessories (Non-No*) (--60%). |
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No. of Employee : |
24 |
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 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No complaints |
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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
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Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
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Japan |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
ADVENTURE CO LTD
REGD NAME: Adventure KK
MAIN OFFICE: 2-8-1 Tanotsu Higashiku Fukuoka 813-0034
JAPAN
Tel: 092-622-3371 Fax: 092-622-5927
URL: http://www.adventure.co.jp/
E-Mail address: mall@adventure.co.jp
Mfg, wholesale of
women’s clothing, clothing accessories, home interior goods
Tokyo, Osaka,
Sapporo (--subsidiaries)
(subcontracted)
KENJI NITTA, PRES Katsuyoshi Natsuaki, ch
Yasushi Akita, dir Midori Andrews, dir
Yen Amount: In million Yen, unless otherwise stated
FINANCES FAIR A/SALES Yen 4,812 M
PAYMENTSNO
COMPLAINTS CAPITAL Yen 90 M
TREND SLOW WORTH Yen 3,909 M
STARTED 1966 EMPLOYES 24
MFR & WHOLESALER SPECIALIZING IN CLOTHING & CLOTHING ACCES SORIES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS
ENGAGEMENTS
The subject company was established originally as Gloria KK and in 1995
renamed as captioned to integrate group operations. This is the Headquarters of Adventure group,
consisting of Gloria, Wagen, Capri, Non-No (--mfrs), and Chikyubunkaya
(wholesaling). Specializes in mfg and
wholesaling, as a group, women’s clothing, clothing accessories, home interior
goods, other. Mfg is all subcontracted
to subsidiary makers (4 makers depending on categories), and India, China,
Europe, USA, etc. Restructuring and/or
liquidation of unprofitable operating shops, other, in domestic and
overseas. Goods are distributed to
specialty stores, apparel makers, wholesalers, other, nationwide.
The sales volume for May/2015 fiscal term amounted to Yen 4,812 million,
an 18% down from Yen 5,840 million in the previous term. This is referred to the above restructuring
and closing of unprofitable operations shops & factories. The recurring profit was posted at Yen 599
million and net profit at Yen 624 million, respectively, compared with Yen 610
million recurring profit and Yen 451 million net losses, respectively, a year
ago.
For the current term ending May 2016 the recurring profit is projected at
Yen 610 million and the net profit at Yen 640 million, respectively, on a 3%
rise in turnover, to Yen 4,950 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
Date Registered: Mar 1966
Regd No.:
2900-01-002588
(Fukuoka-Higashiku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 720,000 shares
Issued: 180,000 shares
Sum: Yen 90 million
Major
shareholders (%): Gloria KK* (37),
Katsuyoshi Natsuaki (33), Employees’ S/Holding Assn (18.5), Koichi Fuji (3)
* Subsidiary mfrs
No. of shareholders: 23
Nothing
detrimental is known as to the commercial morality of executives.
Activities: Manufactures (subcontracted)
and wholesales: skirts, jackets, coats, suits, blouse T-shirts, sweaters, other
(Capri*) (--40%); handbags, scarves, umbrellas, handkerchiefs, shoes, towels,
aprons, cushions, table cloths, other (Gloria*); aprons, blouses, T-shirts,
sweaters, others for mid-aged women (Capri*); other fashion clothing, clothing
accessories (Non-No*) (--60%). *..
Subsidiary makers.
Clients: [Mfrs, wholesalers] Gloria, Capri, Wagen,
Non-No, Zakanaka, other
No. of accounts:
200
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Sumitomo Corp, NI Teijin Shoji, Toko Shoji, Shinko Shoji, Shinyei
Kaisha, other.
Payment record: No Complaints
Location: Business area in
Fukuoka City. Office premises at the
caption address are owned and maintained satisfactorily.
Bank References:
Nishinippon City
Bank (Fukuoka-Ryutsu Center)
MUFG
(Fukuoka-Chuo)
Relations:
Satisfactory
(In Million Yen)
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Terms Ending: |
31/05/2016 |
31/05/2015 |
31/05/2014 |
31/05/2013 |
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Annual
Sales |
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4,950 |
4,812 |
5,840 |
5,409 |
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Recur.
Profit |
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610 |
599 |
610 |
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Net
Profit |
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640 |
624 |
451 |
608 |
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Total
Assets |
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9,069 |
7,558 |
7,851 |
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Current
Assets |
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6,222 |
5,631 |
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Current
Liabs |
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5,086 |
4,164 |
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Net
Worth |
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3,909 |
3,321 |
2,950 |
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Capital,
Paid-Up |
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90 |
90 |
90 |
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Div.Ttl
in Million (¥) |
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36 |
18 |
90 |
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<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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2.87 |
-17.60 |
7.97 |
6.52 |
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Current Ratio |
|
.. |
122.34 |
135.23 |
.. |
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N.Worth Ratio |
|
.. |
43.10 |
43.94 |
37.57 |
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R.Profit/Sales |
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12.32 |
12.45 |
10.45 |
.. |
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N.Profit/Sales |
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12.93 |
12.97 |
7.72 |
11.24 |
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Return On Equity |
|
.. |
15.96 |
13.58 |
20.61 |
Notes: Forecast
(or estimated) figures for the 31/05/2016 fiscal term.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.66.20 |
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|
1 |
Rs.98.30 |
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Euro |
1 |
Rs.72.41 |
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YEN |
1 |
Rs.0.55 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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DIV |
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Report Prepared
by : |
ANK |
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.