MIRA INFORM REPORT

 

 

Report No. :

330104

Report Date :

07.07.2015

 

IDENTIFICATION DETAILS

 

Name :            

Y IKEMURA & CO LTD

 

 

Registered Office :

Sakaisuji Honmachi Garden Square Bldg 6F, 1-4-8 Kyutaromachi Chuoku Osaka 541-0056

 

 

Country :

Japan

 

 

Financials (as on) :

31.03.2015

 

 

Date of Incorporation :

February 1947

 

 

Com. Reg. No.:

1200-01-060575

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Import, wholesale of furniture, grinding machines, other

 

 

No. of Employees :

35

 

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

 

Y IKEMURA & CO LTD

 

 

    REGD NAME           

 

KK Ikemura Shokai

 

 

    MAIN OFFICE          

 

Sakaisuji Honmachi Garden Square Bldg 6F, 1-4-8 Kyutaromachi Chuoku Osaka

     541-0056 JAPAN

Tel: 06-4705-3800     Fax: 06-4705-3810

 

URL:                 http://www.ikemura.co.jp

E-mail Address:            export@ikemura.co.jp   

 

 

ACTIVITIES     

 

Import, wholesale of furniture, grinding machines, other

 

 

BRANCHES     

 

Tokyo

 

 

OVERSEAS     

 

Mumbai, Bangalore, Chennai (--India)

 

 

FACTORIES    

 

Kishiwada, Osaka (Distribution Center)

 

 

OFFICER(S)     

 

YOSHIHIDE TEISHIMA, PRES

Masao Tendo, dir

Kenji Nishio, dir

 

Yen Amount:     In million Yen, unless otherwise stated

 

 

 

SUMMARY      

 

FINANCES        FAIR                                         A/SALES          Yen 2,500 M

PAYMENTS      SLOW BUT CORRECT               CAPITAL           Yen 60 M

TREND             STEADY                                   WORTH            Yen 1,472 M

STARTED         1947                                         EMPLOYES      35

           

                                                           

COMMENT      

 

TRADING FIRM FOR IMPORTING INTERIOR FURNITURE, MACHINE

TOOLS, OTHER. 

FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS

           

            The subject company was established by Isamu Ikemura in order to make most of his experience in the subject line of business.  Yoshihide Teishima took the pres office in Sept 1998.  This is a trading firm specializing in importing and wholesaling living/interior furniture, grinding machines, other machine tools.  Goods are also exported to China and other S/E Asian markets.  Has two offices in India: Mumbai and Chennai.  Clients include supermarkets, specialty stores, other, nationwide.

 

 

FINANCIAL INFORMATION

 

            Financials are only partially disclosed.

 

The sales volume for Mar/2014 fiscal term is amounted to Yen 2,500 million, a similar amount in the previous term.  The net profit was posted at Yen 75 million, similarly in the previous period.

  .

For the term that ended Mar 2015 the net profit was projected at Yen 77 million, on a 4% rise in turnover, to Yen 2,600 million.  Final results are yet to be released. 

 

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

 

 

REGISTRATION

 

Date Registered:                                   Feb 1947

Regd No.:                                 1200-01-060575 (Osaka-Chuoku)

Legal Status:                            Limited Company (Kabushiki Kaisha)

Authorized:                             4.8 million shares

Issued:                                     1.2 million shares

Sum:                                        Yen 60 million

Major shareholders (%):                       Isamu Ikemura (37.5), Yoshihide Teishima (35), Employees’ S/Holding Assn (11), Jun’ichi Yamashita (3)

No. of shareholders:                 15

           

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

 

 

OPERATION

 

Activities: Imports, exports and wholesales living/interior furniture (55%), grinding machines, other machine tools, abrasive products, other (--45%)

 

Clients: [Mfrs, wholesalers] Uny Group Holdings, Tokyu Hands, Styling Life Holdings, Loft Co, Cox Co, other.

Exports to India, China, Indonesia, Malaysia, Singapore, other.

            No. of accounts: 300

            Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Nippon Tokushu Kento Co (machine tools mfr) (15%), TKX Corp, other.

Imports from India, other.

 

Payment record: Slow But Correct

 

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

 

Bank References:

                        MUFG (Tenjinbashi)

                        SMBC (Dojima)

                        Relations: Satisfactory

 

 

FINANCES (In Million Yen)

 

Terms Ending:

　

31/03/2015

31/03/2014

31/03/2013

31/03/2012

Annual Sales

　

2,600

2,500

2,500

2,750

Recur. Profit

　

　

..

..

..

Net Profit

　

77

75

75

80

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

1,472

1,420

1,368

Capital, Paid-Up

　

　

60

60

60

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

4.00

0.00

-9.09

10.00

    Current Ratio

　

　

..

..

..

    N.Worth Ratio

　

　

..

..

..

    N.Profit/Sales

　

2.96

3.00

3.00

2.91

 

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 31/03/2015 fiscal term.

 

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

DPT

 

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.