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Report No. : |
332729 |
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Report Date : |
17.07.2015 |
IDENTIFICATION DETAILS
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Name : |
NEED’K CO LTD |
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Registered Office : |
3-6-10 Honcho Nakanoku Tokyo 164-0012 |
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Country : |
Japan |
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Financials (as on) : |
31.07.2014 |
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Date of Incorporation : |
June 1959 |
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Legal Form : |
Limited Company |
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Line of Business : |
Import, export, wholesale and retail of textile upholstery: lace curtains, rugs & carpets, textile decorative items, other (--100%) |
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No. of Employees : |
31 |
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 |
NEED’K CO LTD
REGD NAME
KK Needick
MAIN OFFICE
3-6-10 Honcho
Nakanoku Tokyo 164-0012 JAPAN
Tel:
03-3372-7221 Fax: 03-3372-7226
URL: http://www.needk.com
E-Mail address: (thru the URL)
ACTIVITIES
Import, export,
wholesale, retail of curtains, rugs & carpets, other
BRANCHES
5 stores (4 in
Tokyo, 1 in Yokohama)
OVERSEAS:
New York
OFFICERS
YOSHIO NAMURA,
PRES
Kazuko Niizeki,
dir
Akiko Namura, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 437 M
PAYMENTS NO
COMPLAINTS CAPITAL Yen 10 M
TREND UP WORTH Yen 135 M
STARTED 1959 EMPLOYES 31
COMMENT:
TRADING FIRM SPECIALIZING IN TEXTILE
UPHOLSTERY. FINANCIAL SITUATION
CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS:
This is a trading firm, established by Yoshio Namura, for import, export, wholesale and retails of textile upholstery: curtains, rugs & carpets, other. Operates 4 shops, including in-store shop in Ginza Mitsukoshi Department. Clients include department stores, supermarkets, other
FINANCIAL
INFORMATION:
The sales volume for Jul/2014 fiscal term amounted to Yen 437 million, a 21% up from
Yen 360 million in the previous term. Newly opened in-shop store at Ginza Mitsukoshi Department Store contributed for the full term. The recurring profit was posted at Yen 13 million and the net profit at Yen 10 million, respectively, compared with Yen 2 million recurring profit and Yen 2 million net profit, respectively, a year ago.
For the current term ending Jul 2015 the recurring profit is projected at Yen 15 million and the net profit at Yen 12 million, respectively, on a 5% rise in turnover, to Yen 460 million.
The financial situation is considered FAIR and good for ORDINARY business engagements.
REGISTRATION
Date Registered: Jun 1959
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized: 80,000
shares
Issued: 20,000
shares
Sum: Yen
10 million
Major
shareholders (%): Yoshio Namura (31), Dan Namura (10), Kazuko Niizeki (6),
Misako Namura (5),
other
No.
of shareholders: 15
(about)
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION:
Activities: Import, export, wholesale and retail of textile upholstery: lace curtains, rugs & carpets, textile decorative items, other (--100%)
Clients: [Mfrs,
wholesalers] Own retail shops (40%), Actus Co, Sogo & Seibu Co, Isetan
Mitsukoshi, Loft, ZV Design, KT Exclusive, other
No. of accounts:
350
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Yasuda Shoten, Sangetsu Co, Suncorona Oda Group, Fujie Textile,
Tachikawa Blind, other
Payment record: No Complaints
Location: Business area in
Tokyo. Office premises at the caption
address are owned and maintained satisfactorily.
Bank References:
Resona Bank
(Nakano)
MUFG (Nakano)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
31/07/2015 |
31/07/2014 |
31/07/2013 |
31/07/2012 |
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Annual
Sales |
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460 |
437 |
360 |
397 |
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Recur.
Profit |
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15 |
13 |
2 |
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Net
Profit |
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12 |
10 |
2 |
10 |
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Total
Assets |
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305 |
281 |
269 |
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Current
Assets |
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138 |
128 |
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Current
Liabs |
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104 |
101 |
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Net
Worth |
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135 |
125 |
122 |
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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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5.26 |
21.39 |
-9.32 |
7.01 |
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Current Ratio |
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.. |
132.69 |
126.73 |
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N.Worth Ratio |
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.. |
44.26 |
44.48 |
45.35 |
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R.Profit/Sales |
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3.26 |
2.97 |
0.56 |
.. |
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N.Profit/Sales |
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2.61 |
2.29 |
0.56 |
2.52 |
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Return On Equity |
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.. |
7.41 |
1.60 |
8.20 |
Notes: Forecast
(or estimated) figures for the 31/07/2015 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.