MIRA INFORM REPORT

 

 

Report No. :

323152

Report Date :

16.05.2015

 

IDENTIFICATION DETAILS

 

Name :

NAKAUCHI CO LTD

 

 

Registered Office :

127 Shinmachi Katsuragi City Nara-Pref 639-2127

 

 

Country :

Japan

 

 

Financials (as on) :

30.09.2014

 

 

Date of Incorporation :

October 1970

 

 

Legal Form :

Limited Company

 

 

Line of Business :

Manufactures clothing, clothing accessories (20%), buttons (50%), household goods (30%).  (% are all about)

 

 

No. of Employees :

34

 

 

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

NAKAUCHI CO LTD

 

REGD NAME:

 

Nakauchi KK

 

MAIN OFFICE: 

 

127 Shinmachi Katsuragi City Nara-Pref 639-2127 JAPAN

Tel: 0745-65-1331      Fax: 0745-65-1363

 

URL:                

 

http://www.nakauchi-net.com

E-Mail address: (thru the URL)

 

ACTIVITIES:     Mfg of clothing, clothing accessories, buttons, household goods, other

 

BRANCHES:     Tokyo, Osaka

 

OVERSEAS:     Hong Kong, China, Europe (business partners)

 

FACTORIES:    Nara; China & Hong Kong

 

 

OFFICERS:      

 

MAKOTO NAKAUCHI, PRES      Katsumi Higashino, dir

Orie Nakauchi, dir                      Misae Nakauchi, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY:     

 

FINANCES        FAIR                             A/SALES          Yen 1,217 M

PAYMENTS      NO COMPLAINTS          CAPITAL           Yen 20 M

TREND UP                                WORTH            Yen 316 M      

STARTED         1970                             EMPLOYES      34

 

 

COMMENT:     

 

MFR OF CLOTHING & CLOTHING ACCESSORIES. FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FORORDINARY BUSINESS ENGAGEMENTS.

 

 

HIGHLIGHTS:

           

This is an old-established company dating back to 1914, and was incorporated in 1970.  A specialized mfr of clothing, clothing accessories, buttons, household goods, other.  Goods are imported from China, Hong Kong, other S/E Asia, Europe, other.  Clients include textile mfrs, garment wholesalers, supermarkets, other.

 

 

FINANCIAL INFORMATION:

           

The sales volume for Sept/2014 fiscal term amounted to Yen 1,217 million, a 17% up from

Yen 1,010 million in the previous term.  Weaker Yen contributed.  The recurring profit was posted at Yen 14 million and the net profit at Yen 14 million, respectively, compared with Yen 10 million recurring profit and Yen 11 million net profit, respectively, a year ago.

 

For the current term ending Sept 2015 the recurring profit is projected at Yen 15 million and the net profit at Yen 15 million, respectively, on a 4% rise in turnover, to Yen 1,270 million. 

 

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

 

 

REGISTRATION

    

Date Registered:                       Oct 1970

Legal Status:                            Limited Company (Kabushiki Kaisha)

Authorized:                              160,000 shares

Issued:                                     40,000 shares

Sum:                                        Yen 20 million

Major shareholders (%):           Hirokazu Nakauchi (35), Makoto Nakauchi (12), Misae      Nakauchi (11), Orie

Nakauchi (9)

No. of shareholders:                 17

 

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

 

 

OPERATION:

           

Activities: Manufactures clothing, clothing accessories (20%), buttons (50%), household goods (30%).  (% are all about)

 

(Clothing accessories): bags, pouches, shoes, caps, hats, other

 

 

Clients: [Mfrs, wholesalers] Kiyohara & Co, World Co, Mitsui Bussan Inter Fashion, Yagi Co, YKK Snap Fastener, Kyoei Plastic Corp, GSI Creos Corp, Oriental Land, Koutoku Button, other 

No. of accounts: 300

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Kiyohara & Co, WICOM Inc, Tsujimoto Jushi (resin), Yoneda Button, Kyoei Plastic Corp, TOMS Japan, Five2 Co, other

Imports from China, Hong Kong, S/E Asia, Europe, other

 

Payment record: No Complaints

 

Location: Business area in Katsuragi City, Nara-Pref.  Office premises at the caption address are owned and maintained satisfactory.

 

Bank References:

Resona Bank (Koshiba)

Nara Chuo Shinkin Bank (Shinjo)

Relations: Satisfactory

 

FINANCES

 

(In Million Yen)

Terms Ending:

30/09/2015

30/09/2014

30/09/2013

30/09/2012

Annual Sales

　

1,270

1,217

1,040

1,001

Recur. Profit

　

15

14

10

　

Net Profit

　

15

14

11

3

Total Assets

　

　

798

845

821

Current Assets

　

　

468

500

　

Current Liabs

　

　

259

322

　

Net Worth

　

　

316

302

290

Capital, Paid-Up

　

　

20

20

20

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

4.35

17.02

3.90

-6.97

    Current Ratio

　

..

180.69

155.28

..

    N.Worth Ratio

　

..

39.60

35.74

35.32

    R.Profit/Sales

　

1.18

1.15

0.96

..

    N.Profit/Sales

　

1.18

1.15

1.06

0.30

    Return On Equity

　

..

4.43

3.64

1.03

 

Notes: Forecast (or estimated) figures for the 30/09/2015 fiscal term.

 

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.