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Report No. : |
335790.2 |
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Report Date : |
07.09.2015 |
IDENTIFICATION DETAILS
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Name : |
VENTON CO LTD |
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Registered Office : |
1-26-10 Towa Adachiku Tokyo 120-0003 |
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Country : |
Japan |
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Financials (as on) : |
31.10.2014 |
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Date of Incorporation : |
November 1990 |
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Com. Reg. No.: |
0118-01-011772 (Tokyo-Adachiku) |
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Legal Form : |
Limited Company (Kabushiki Kaisha) |
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Line of Business : |
Import, wholesale of apparel,
bags, shoes, pouches, other accessories |
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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 |
COMPANY NAME
VENTON CO LTD
REGD NAME
Venton KK
MAIN OFFICE
1-26-10 Towa
Adachiku Tokyo 120-0003 JAPAN
Tel:
03-5682-2161
URL
N/A
ACTIVITIES
Import,
wholesale of apparel, bags, shoes, pouches, other accessories
BRANCHES
Nil
OVERSEAS
Europe,
Asia, other (--Business partners)
OFFICERS
HARUO
UEDA, PRES
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES R/WEAK A/SALES Yen 130 M
PAYMENTSSLOW BUT CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen 178 M
STARTED 1990 EMPLOYES 4
COMMENT
TRADER SPECIALIZING IN APPAREL
AND ACCESSORIES.
FINANCIAL SITUATION CONSIDERED
RATHER WEAK BUT SHOULD BE GOOD FOR MODERATE BUSINESS ENGAGEMENTS.
MAX CREDIT LIMIT: ESTIMATED AT YEN 2.0 MILLION, ON 30 DAYS
NORMAL TERMS.
HIGHLIGHTS
The subject company is a trading firm established by Haruo
Ueda in order to make most of his experience in the subject line of
business. The firm imports and
wholesales: apparel, bags, pouches, shoes, other. Leather goods are imported from Italy
centrally, others from Asian countries.
Stopped internet sales in Oct 2014, due to disadvantages, according to
the firm. Clients include supermarkets,
retail stores, other
FINANCIAL INFORMATION
Financials are disclosed only partially, and in one uniform
sales amount for the past 5 years.
Profits are not disclosed and only estimated.
The sales volume for Oct/2014 fiscal term amounted to Yen 130
million, a similar amount in the previous term.
The net profit is estimated posted at Yen 10 million, a similar amount
in the previous term.
For the current term ending Oct 2015 the net profit is
projected at Yen 15 million, on a 4% rise in turnover, to Yen 135 million.
The financial situation is considered RATHER WEAK but should
be good for MODERATE business engagements. Max
credit limit is estimated at Yen 2.0 million, on 30 days normal terms
REGISTRATION
Date Registered: Nov 1990
Regd No.: 0118-01-011772
(Tokyo-Adachiku)
Legal Status: Limited Company (Kabushiki Kaisha)
Authorized: 800 shares
Issued: 200
shares
Sum: Yen
10 million
Major shareholders (%): Haruo Ueda (100)
Nothing detrimental is known as to
his commercial morality.
OPERATION
Activities: A trading firm for import and wholesale
of: apparel, bags, pouches, shoes, pass purses, other accessories (--100)
Clients: [Mfrs,
wholesalers] Tokyo Hands, retail stores, other
No. of accounts: 200
Domestic areas of
activities: Centered in the greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports from Italy, other.
Payment record: Slow but correct
Location: Business
area in Tokyo. Office premises at the
caption address are leased and maintained satisfactorily.
Bank References:
SMBC (Ayase)
Relations: Money
deposits and transfers only
FINANCES
(In Million Yen)
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Terms Ending: |
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31/10/2015 |
31/10/2014 |
31/10/2013 |
31/10/2012 |
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Annual
Sales |
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135 |
130 |
130 |
130 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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15 |
10 |
10 |
10 |
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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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178 |
168 |
158 |
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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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3.85 |
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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11.11 |
7.69 |
7.69 |
7.69 |
Notes:
Financials are only partially disclosed.
Profits are not disclosed and only estimated
Forecast
(or estimated) figures for the 31/10/2015 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.