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Report No. : |
330846 |
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Report Date : |
10.07.2015 |
IDENTIFICATION DETAILS
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Name : |
MM DESIGN STUDIO CO LTD |
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Registered Office : |
3-25-13 Komaoka Tsurumiku Yokohama 230-0071 |
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Country : |
Japan |
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Financials (as on) : |
30.06.2014 |
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Date of Incorporation : |
April, 1976 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Manufacturer of Scarf, Handkerchief, Muffler, Nanotechnology, Other. |
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No. of Employees : |
15 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
COMPANY NAME AND
ADDRESS
MM DESIGN STUDIO CO LTD
REGD NAME: M
M Design Studio KK
MAIN OFFICE: 3-25-13
Komaoka Tsurumiku Yokohama 230-0071 JAPAN
Tel: 045-572-7827 Fax: 045-572-7882
URL: N/A
ACTIVITIES
Mfg of scarf,
handkerchief, muffler, nanotechnology, other
BRANCHES
Yokohama (shop)
FACTORIES
At the caption
address
OFFICERS
MASAHIDE NOHARA,
PRES Mariko Nohara, dir
Masashi Nohara, dir Yuji Takeuchi, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 350 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 10 M
TREND STEADY WORTH Yen 63 M
STARTED 1976 EMPLOYES 15
COMMENT
MFR OF CLOTHING ACCESSORIES.
FINANCIAL SITUATION CONSIDERED FAIR AND GOOD
FOR ORDINARY BUSINESS
ENGAGEMENTS.
MAX CREDIT LIMIT:
ESTIMATED AT YEN 6.3 MILLION, ON 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The subject
company is a specialized mfg of clothing accessories: scarf, muffler, handkerchief, other. Also licensed nanotechnology operation. Operates a
shop in Yokohama. Clients include department stores, wholesalers, other
FINANCIAL INFORMATION
Financials are
disclosed only partially.
The sales volume for
Jun/2014 fiscal term amounted to Yen 350 million, a 13% up from
Yen 310 million in
the previous term. The net profit was posted at Yen 3 million, similarly in the
previous term.
For the term that
ended Jun 2015 the net profit was projected at Yen 5 million, on a 4% rise in
turnover, to Yen 365 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 6.3 million, on 30
days normal terms.
REGISTRATION
Date Registered: Apr
1976
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued: 20,000 shares
Sum: Yen 10 million
Major
shareholders (%): Masahide Nohara (70), and families (--30)
No. of
shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Manufactures
scarf, handkerchief, muffler, other clothing accessories (80%), operation of
shops (15%), licensed nanotechnology operation (5%)
Clients: [Mfrs,
wholesalers] Takashimaya, Sewing Takeuchi, Daimaru Matsuzakaya Department
Stores, Tobu Department Store, Keio Department Store, Nishikawa Sangyo, Odakyu
Department Store, Matsuya, other
No. of accounts: 300
Domestic areas of activities: Centered in
the greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Anna Beauty, Kaigyo Co, Centex, Fukaki Trading, Nishida & Co,
World Five, other
Payment
record: No Complaints
Location: Business area in Yokohama. Office premises at the caption address are
owned and maintained satisfactorily.
Bank References:
SMBC (Tsurumi)
MUFG (Kawasaki)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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30/06/2015 |
30/06/2014 |
30/06/2013 |
30/06/2012 |
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Annual
Sales |
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365 |
350 |
310 |
300 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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5 |
3 |
3 |
3 |
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Total
Assets |
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N/A |
N/A |
N/A |
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Net
Worth |
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63 |
60 |
57 |
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Capital,
Paid-Up |
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10 |
10 |
10 |
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Div.P.Share(¥) |
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0.00 |
0.00 |
0.00 |
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<Analytical Data> |
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(%) |
(%) |
(%) |
(%) |
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S.Growth Rate |
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4.29 |
12.90 |
3.33 |
7.53 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
.. |
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N.Profit/Sales |
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1.37 |
0.86 |
0.97 |
1.00 |
Notes: Financials
are only partially disclosed.
Forecast (or
estimated) figures for the 30/06/2015 fiscal term.
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 |
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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.