MIRA INFORM REPORT

 

 

Report No. :

345753

Report Date :

21.10.2015

 

IDENTIFICATION DETAILS

 

Name :

NORM CO LTD

 

 

Registered Office :

1-8-8 Yakuin Chuoku Fukuoka 810-0022

 

 

Country :

Japan

 

 

Financials (as on) :

30.06.2014

 

 

Date of Incorporation :

November 2007

 

 

Legal Form :

Limited Company (Kabushiki Kaisha)

 

 

Line of Business :

Subject is manufactures (consigned), wholesales and retails home interior textile goods.

 

 

No. of Employee :

3

 

 

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 but correct

 

 

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 – March 31, 2015

 

Country Name

Previous Rating

(31.12.2014)

Current Rating

(31.03.2015)

Japan

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

COMPANY NAME

 

NORM CO LTD

 

REGD NAME:                KK Norm

MAIN OFFICE:              1-8-8 Yakuin Chuoku Fukuoka 810-0022 JAPAN

                                                Tel: 092-771-8280      Fax: 092-771-8273

 

                                                *.. The is its Tokyo Office

URL:                             http://www.norm-corp.jp

E-Mail address:             (thru the URL)

 

 

ACTIVITIES

 

Mfg, wholesale, retail of home interior textile goods

 

 

BRANCHES

 

Tokyo (2), of which one is a shop

 

 

OFFICERS

 

YASUHIRO MIZOBE, PRES

Tohru Nagasaka, dir

                       

Yen Amount:     In million Yen, unless otherwise stated

 

 

SUMMARY

 

FINANCES                    R/WEAK                                   A/SALES          Yen 172 M

PAYMENTS      SLOW BUT CORRECT   CAPITAL           Yen 9 M

TREND             UP                                            WORTH            Yen 20 M        

STARTED                     2007                                         EMPLOYES      3

 

 

COMMENT

 

RETAILER OF HOME INTERIOR TEXTILE GOODS, OTHER.

FINANCIAL SITUATION CONSIDERED RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.

                       

 

HIGHLIGHTS

           

The subject company is a specialized mfg (consigned), wholesaler and retailer of home interior textile goods.  Mfg is consigned.  Operates a shop in Tokyo.

 

 

FINANCIAL INFORMATION

           

Financials are disclosed only partially.

 

The sales volume for Jun/2014 fiscal term amounted to Yen 172 million, a 25% up from

Yen 138 million in the previous term.  Demand for home interior textile products rose after the Earthquake and Storm in Northern Japan.  The operations, however, plunged into the deficit to post Yen 4 million net losses for the term, compared with Yen 1 million net profit a year ago.

 

For the term that ended Jun 2015 the net profit was projected at Yen 10 million, on a 5% rise in turnover, to Yen 180 million.  Final results are yet to be released.

 

The financial situation is considered RATHER WEAK but should be good for MODERATE business engagements.

 

 

REGISTRATION

    

Date Registered:          Nov 2007

Legal Status:               Limited Company (Kabushiki Kaisha)

Authorized:                 180 shares

Issued:                         45 shares

Sum:                            Yen 9 million

Major shareholders (%): Weeks Co* (50), Yasuhito Mizobe (33.4), Kentaro Ichikawa (8.3), Tohru Nagasaka (8.3)

*.. A subsidiary company

 

No. of shareholders: 4

 

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

 

 

OPERATION

           

Activities: Manufactures (consigned), wholesales and retails home interior textile goods, other (--100%)

 

Clients: [Mfrs, wholesalers] Actus Co, Weeks Co, Bay Crews, Welcome Co, other 

No. of accounts: 250

Domestic areas of activities: Nationwide

 

Suppliers: [Mfrs, wholesalers] Kawashima Selkon Textiles Co, Suncall Corp, other

 

Payment record: Regular

 

Location: Business area in Fukuoka.  Office premises at the caption address are owned and maintained satisfactory.

 

Bank References:

Fukuoka Bank (Tenjincho)

SMBC (Tenjincho)

Relations: Satisfactory

 

 

FINANCES

 

(In Million Yen)

Terms Ending:

　

30/06/2015

30/06/2014

30/06/2013

30/06/2012

Annual Sales

　

180

172

138

130

Recur. Profit

　

..

..

..

..

Net Profit

　

10

-4

1

4

Total Assets

　

　

N/A

N/A

N/A

Net Worth

　

　

20

24

23

Capital, Paid-Up

　

　

9

9

9

Div.P.Share(¥)

　

　

0.00

0.00

0.00

<Analytical Data>

　

(%)

(%)

(%)

(%)

    S.Growth Rate

　

4.65

24.64

6.15

38.30

    Current Ratio

　

　

..

..

..

    N.Worth Ratio

　

　

..

..

..

    N.Profit/Sales

　

5.56

-2.33

0.72

3.08

Notes: Financials are only partially disclosed.

Forecast (or estimated) figures for the 30/06/2015 fiscal term.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.64.89

UK Pound

1

Rs.100.39

Euro

1

Rs.73.52

 

INFORMATION DETAILS

 

Analysis Done by :

KAR

 

 

Report Prepared by :

ASH

 

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.