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Report No. : |
350695 |
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Report Date : |
20.11.2015 |
IDENTIFICATION DETAILS
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Name : |
YOSHIDA CO LTD |
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Registered Office : |
3-4 Motoasakusa Taitoku Tokyo 111-0041 |
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Country : |
Japan |
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Financials (as on) : |
28.02.2015 |
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Date of Incorporation : |
November 1972 |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Subject is engaged in imports and wholesales of bags,
belts, umbrellas, sunglasses, gloves, stoles, and other fashion accessories |
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No. of Employee : |
24 |
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 |
COMPANY NAME AND
ADDRESS
YOSHIDA CO LTD
REGD NAME: Yoshida
KK
MAIN OFFICE: 2-3-4
Motoasakusa Taitoku Tokyo 111-0041 JAPAN
Tel: 03-3842-0531
Fax: 03-3842-0537
URL: http://www.yoshida-web.jp
E-Mail
address: (thru the URL)
ACTIVITIES
Import,
wholesale of bags, belts, gloves, stoles & other fashion accessories
BRANCHES
Sendai
OVERSEAS
China,
S/E Asia (--Business partners)
OFFICERS
MASAYUKI
YOSHIDA, PRES
Miwako
Yoshida, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 1,380 M
PAYMENTSSLOW
BUT CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen 46 M
STARTED 1973 EMPLOYES 24
COMMENT
TRADING FIRM SPECIALIZING IN FASHION ACCESSORIES.
FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE
GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT
YEN 24.9 MILLION, ON 30 DAYS NORMAL TERMS.
HIGHLIGHTS
The
subject company is a trading firm for import and wholesale of bags, belts,
umbrellas, and other fashion accessories (See OPERATION). Clients include
supermarkets, convenience stores, mail-order houses, other.
FINANCIAL INFORMATION
Financials
are disclosed only partially.
The
sales volume for Feb/2015 fiscal term amounted to Yen 1,380 million, a 6% drop
from
Yen
1,470 million in the previous term. The
net profit market time at Yen 1 million.
For the
current term ending Feb 2016 the net profit is projected at Yen 2 million, on a
3% rise in turnover, to Yen 1,420 million.
The
financial situation is considered RATHER WEAK but should be good for MODERATE
business engagements. Max credit limit
is estimated at Yen 24.9 million, on 30 days normal terms.
REGISTRATION
Date Registered:
Nov 1972
Regd No.: 0105-01-014664
(Tokyo-Taitoku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 80,000 shares
Issued:
20,000 shares
Sum: Yen
10 million
Major shareholders (%): Masayuki Yoshida (24), other
No. of shareholders: 6
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities: Imports
and wholesales: bags, belts, umbrellas, sunglasses, gloves, stoles, and other
fashion accessories (--100%)
Clients:
[Mfrs, wholesalers] Harmonick Co, Shaddy Co, Daiwa Co, Y-Yacht Co, Aeon Corp,
My Precious Co, Senshukai Co, QVC, Loft Corp, other
No. of accounts: 350
Domestic areas of activities: Nationwide
Suppliers:
[Mfrs, wholesalers] K Onishi & Co, Tamurakoma Co, Alpha Corp, Nagashima
Packaging Co, other
Payment record: Slow but correct
Location:
Business area in Tokyo. Office premises
at the caption address are owned and maintained satisfactory.
Bank References:
Resona
Bank (Akihabara)
Asahi
Shinkin Bank (Nishimachi)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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29/02/2016 |
28/02/2015 |
28/02/2014 |
28/02/2013 |
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Annual
Sales |
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1,420 |
1,380 |
1,470 |
1,562 |
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Recur.
Profit |
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.. |
.. |
.. |
14 |
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Net
Profit |
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2 |
1 |
1 |
10 |
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Total
Assets |
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N/A |
N/A |
1,021 |
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Net
Worth |
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46 |
45 |
44 |
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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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2.90 |
-6.12 |
-5.89 |
7.43 |
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Current Ratio |
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.. |
.. |
.. |
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N.Worth Ratio |
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.. |
.. |
4.31 |
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N.Profit/Sales |
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0.14 |
0.07 |
0.07 |
0.64 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 29/02/2016 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.