|
Report No. : |
311509 |
|
Report Date : |
19.03.2015 |
IDENTIFICATION DETAILS
|
Name : |
BOBWIN WORLDWIDE STYLE |
|
|
|
|
Registered Office : |
2F Osumi Bldg, 5-8-5 Chuoh Nakanoku Tokyo |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
28.02.2014 |
|
|
|
|
Date of Incorporation : |
January 1988 |
|
|
|
|
Com. Reg. No.: |
Not Available |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Sale of casual clothes, Import & export clothes. |
|
|
|
|
No. of Employees : |
13 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Slow |
|
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 – December 31, 2014
|
Country Name |
Previous Rating (30.09.2014) |
Current Rating (31.12.2014) |
|
Japan |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
JAPAN - ECONOMIC OVERVIEW
In the years following World War
II, government-industry cooperation, a strong work ethic, mastery of high
technology, and a comparatively small defense allocation (1% of GDP) helped
Japan develop a technologically advanced economy. Two notable characteristics
of the post-war economy were the close interlocking structures of
manufacturers, suppliers, and distributors, known as keiretsu, and the
guarantee of lifetime employment for a substantial portion of the urban labor
force. Both features are now eroding under the dual pressures of global
competition and domestic demographic change. Japan's industrial sector is
heavily dependent on imported raw materials and fuels. A small agricultural
sector is highly subsidized and protected, with crop yields among the highest
in the world. While self-sufficient in rice production, Japan imports about 60%
of its food on a caloric basis. For three decades, overall real economic growth
had been spectacular - a 10% average in the 1960s, a 5% average in the 1970s,
and a 4% average in the 1980s. Growth slowed markedly in the 1990s, averaging
just 1.7%, largely because of the after effects of inefficient investment and
an asset price bubble in the late 1980s that required a protracted period of
time for firms to reduce excess debt, capital, and labor. Modest economic
growth continued after 2000, but the economy has fallen into recession three
times since 2008. A sharp downturn in business investment and global demand for
Japan's exports in late 2008 pushed Japan into recession. Government stimulus
spending helped the economy recover in late 2009 and 2010, but the economy
contracted again in 2011 as the massive 9.0 magnitude earthquake and the
ensuing tsunami in March disrupted manufacturing. The economy has largely
recovered in the two years since the disaster, but reconstruction in the Tohoku
region has been uneven. Prime Minister Shinzo ABE has declared the economy his
government's top priority; he has overturned his predecessor's plan to
permanently close nuclear power plants and is pursuing an economic revitalization
agenda of fiscal stimulus, monetary easing, and structural reform. Japan joined
the Trans Pacific Partnership negotiations in 2013, a pact that would open
Japan's economy to increased foreign competition and create new export
opportunities for Japanese businesses. Measured on a purchasing power parity
(PPP) basis that adjusts for price differences, Japan in 2013 stood as the
fourth-largest economy in the world after second-place China, which surpassed
Japan in 2001, and third-place India, which edged out Japan in 2012. The new
government will continue a longstanding debate on restructuring the economy and
reining in Japan's huge government debt, which is exceeding 230% of GDP. To
help raise government revenue and reduce public debt, Japan decided in 2013 to
gradually increase the consumption tax to a total of 10% by the year 2015.
Japan is making progress on ending deflation due to a weaker yen and higher
energy costs, but reliance on exports to drive growth and an aging, shrinking
population pose other major long-term challenges for the economy.
|
Source
: CIA |
BOBWIN WORLDWIDE
STYLE
KK Bobwin
2f Osumi Bldg, 5-8-5 Chuoh Nakanoku Tokyo
Tel: 03-5328-8601
Fax:03-5328-8602
URL: http://www.bobwin.co.jp
E-Mail address: (thru the URL)
ACTIVITIES: Sales of casual clothes
BRANCHES: None
OVERSEAS: None
FACTORIES: Asia (China, Thailand, Bangladesh)
OFFICERS: NOBUHISA TORIUMI, PRE
Mayumi
Toriumi, dir Naoki Toriumi, dir
Yen Amount: In million Yen,
unless otherwise stated
FINANCES CONCERNS A/SALES Yen 1,000 M
PAYMENTS REGULAR CAPITAL Yen 10 M
TREND SLOW WORTH
Unavailable
STARTED 1988 EMPLOYES 13
COMMENT: THE FIRM
SPECIALIZING IN SALE OF CASUAL CLOTHES.
FINANCIAL SITUATION CONSIDERED “CONCERNS” FOR ORDINARY
BUSINESS ENGAGEMENTS AS THE NET LOSS HAVE BEEN MARKED TWICE IN THE LAST
THREE YEARS.
The subject company was established by Nobuhisa Toriumi in order to make
most of his experience in the subject line of business. It owns factories in China, Thailand and
Bangladesh.
Financials are disclosed only partially.
The sales volume for Feb/2014 fiscal term amounted to Yen 1,000 million,
parity to Yen 1,000 million in the previous term. The net LOSS at Yen -37 million was marked in
2014 and Yen 4.4 million a year ago.
For the current term ending February 2015, the net profit at Yen 0
million is estimated with same level of turnover, Yen 1,000 million. Final results are yet to be released.
The financial situation is considered CONCERNS for ORDINARY business
engagements.
Date Registered: January
1988
Regd No.: Unavailable
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: Unavailable
Issued:
Unavailable
Sum: Yen
10 million
Major shareholders
(%): Nobuhisa
Toriumi(60%), Nobuko Toriumi(25%) Mayumi
Toriumi(15%)
No. of
shareholders: 3
Nothing detrimental is known as to the commercial morality of
executives.
Activities: Sale of casual
clothes, Import & export clothes.
Clients: Mac-House,
Chiyoda, Jeansmate, Shimamura, Aoyama
No. of accounts: Unavailable
Domestic areas of activities: Tokyo
Suppliers: Wise Harvest,
Chinese apparel maker
Payment record: Slow
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactory.
Bank References:
SMBC (Nishiogikubo)
MUFG (Shinjukushintosin)
Relations: Satisfactory
(In Million Yen)
|
Terms Ending: |
|
28/02/2015 |
28/02/2014 |
28/02/2013 |
28/02/2012 |
|
Annual Sales |
|
1,000 |
1,000 |
1,000 |
1,000 |
|
Recur. Profit |
|
.. |
.. |
.. |
.. |
|
Net Profit |
|
0 |
-37 |
4 |
-70 |
|
Total Assets |
|
|
|
|
|
|
Net Worth |
|
|
|
|
|
|
Capital, Paid-Up |
|
|
|
|
|
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.GrowthRate |
|
0.00 |
0.00 |
0.00 |
-20.00 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
|
N.Profit/Sales |
|
0.00 |
-3.70 |
0.40 |
-7.00 |
Notes: Financials are only partially disclosed.
Forecast (or estimated) figures for the 28/2/2015 fiscal term
7
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.67 |
|
|
1 |
Rs.92.46 |
|
Euro |
1 |
Rs.66.38 |
INFORMATION DETAILS
|
Analysis Done by
: |
DIV |
|
|
|
|
Report Prepared
by : |
TPT |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.