MIRA INFORM REPORT
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Report No. : |
331912 |
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Report Date : |
20.07.2015 |
IDENTIFICATION DETAILS
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Name : |
MIYACO CO LTD |
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Registered Office : |
4-5-15 Yoyogi Shibuyaku Tokyo 151-0053 |
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Country : |
Japan |
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Financials (as on) : |
31.08.2014 |
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Date of Incorporation : |
September 1987 |
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Com. Reg. No.: |
0110-01-019036 |
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Legal Form : |
Private Limited Company |
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Line of Business : |
Imports, wholesales and retails women’s clothing & accessories,
other (--100%) Mfg is consigned to
clothing makers, both domestic & overseas. |
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No. of Employees : |
4 |
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 |
MIYACO CO LTD
REGD NAME:
YK Miyaco
MAIN OFFICE:
4-5-15 Yoyogi
Shibuyaku Tokyo 151-0053 JAPAN
Tel:
03-5334-7531 Fax: 03-5334-7532
E-Mail address: (thru the URL)
ACTIVITIES: Mfg
of women’s clothing & accessories
BRANCHES: Nil
FACTORIES: (subcontracted)
OFFICERS: MIYAKO
YONEZAWA, PRES
Yen Amount: In million Yen, unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 200 M
PAYMENTS SLOW BUT CORRECT CAPITAL Yen
15 M
TREND STEADY WORTH Yen 42 M
STARTED 1987 EMPLOYES 4
COMMENT: TRADING FIRM SPECIALIZING IN WOMEN’S CLOTHING, OTHER. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
HIGHLIGHTS:
This is a trading firm, with mfg division, for import and wholesale of
women’s clothing & clothing accessories.
Mfg is consigned to clothing makers.
Goods are also sold online.
FINANCIAL INFORMATION:
Financials are disclosed only partially.
Profits are not disclosed and only estimated.
The sales volume for Aug/2014 fiscal term amounted to Yen 200 million, a
similar amount
in the previous term. The net
profit is estimated posted at Yen 2 million, similarly in the previous term.
For the current term ending Aug 2015 the net profit is projected at Yen
3 million, on a 5% rise in turnover, to Yen 310 million.
The financial situation is considered FAIR and good for ORDINARY
business engagements.
REGISTRATION
Date Registered: Sept 1987
Regd No.:
0110-01-019036
(Tokyo-Shibuyaku)
Legal Status: Private
Limited Company (Yugen Gaisha)
Capital Sum: Yen
15 million
Major
shareholders (%): Miyako Yonezawa (100)
Nothing
detrimental is known as to her commercial morality.
OPERATION:
Activities: Imports,
wholesales and retails women’s clothing & accessories, other (--100%) Mfg is consigned to clothing makers, both
domestic & overseas.
Clients: [Mfrs,
wholesalers] Light Up Shopping Club, Wit & Wit Co, Kawashima Selkon
Textiles Co, Prim Rose, other
No. of accounts:
300
Domestic areas of
activities: Nationwide
Suppliers: [Mfrs,
wholesalers] Tochigi Race Co, KK Kobayashi, Fujisaki Textile, Tsuruga Seni Co,
other
Payment record: Slow but correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG (Omotesando)
Mizuho Bank (Aoyama)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/08/2015 |
31/08/2014 |
31/08/2013 |
31/08/2012 |
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Annual
Sales |
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210 |
200 |
200 |
200 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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3 |
2 |
2 |
2 |
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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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42 |
40 |
38 |
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Capital,
Paid-Up |
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15 |
15 |
15 |
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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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5.00 |
0.00 |
0.00 |
0.00 |
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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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1.43 |
1.00 |
1.00 |
1.00 |
Notes: Financials
are only partially disclosed.
Forecast (or estimated)
figures for the 31/08/2015 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.