|
Report No. : |
337295 |
|
Report Date : |
09.09.2015 |
IDENTIFICATION DETAILS
|
Name : |
NIHON NETWORK CO LTD |
|
|
|
|
Registered Office : |
TOC Bldg 7F, 7-22-17 Nishigotanda Shinagawaku Tokyo 141-0031 |
|
|
|
|
Country : |
Japan |
|
|
|
|
Financials (as on) : |
31.03.2015 |
|
|
|
|
Date of Incorporation : |
April 1993 |
|
|
|
|
Com. Reg. No.: |
0107-01-019954 |
|
|
|
|
Legal Form : |
Limited Company |
|
|
|
|
Line of Business : |
Imports and wholesales clothing, clothing accessories, cosmetics, interior goods, other (--100%). Goods are imported from India, Thailand, other. |
|
|
|
|
No. of Employees : |
10 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
NIHON
NETWORK CO LTD
REGD NAME: KK
Nippon Network
MAIN OFFICE:
TOC Bldg 7F, 7-22-17
Nishigotanda Shinagawaku Tokyo 141-0031 JAPAN
Tel:
03-5437-6214 Fax: 03-5437-6313
URL: http//:www.nnwk.co.jp
E-mail: nnw@sage.ocn.ne.jp
ACTIVITIES:
Import, wholesale
of clothing, clothing accessories
BRANCHES:
Bangkok, New Delhi
FACTORIES:
(Subcontracted)
OFFICER(S):
SATOSHI KAWANISHI,
PRES
Keiko Kawanishi,
dir
Toshiharu
Kawanishi, dir
Yen Amount: In million Yen, unless otherwise stated
SUMMARY:
FINANCES FAIR A/SALES Yen 500 M
PAYMENTSSLOW BUT
CORRECT CAPITAL Yen 10 M
TREND SLOW WORTH Yen 161 M
STARTED 1993 EMPLOYES 10
COMMENT:
IMPORTER AND WHOLESALER SPECIALIZING IN
CLOTHING & ACCESSORIES FINANCIAL SITUATION CONSIDERED FAIR AND GOOD FOR
ORDINARY BUSINESS ENGAGEMENTS
MAX CREDIT LIMIT:
YEN 9.3 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS:
The subject company was established by Satoshi Kawanishi in order to make most of his experience in the subject line of business. This is a trading firm, owned & operated by the Kawanishi family, specializing in import and wholesale of clothing & clothing accessories. Goods are imported from India, Thailand, and other S/E Asian countries. Has branch offices at: Bangkok & New Delhi for procurement of the goods. Goods are shipped to major chain stores, large volume discount stores, wholesalers, centering in greater-Tokyo region.
FINANCIAL
INFORMATION:
Financials are only partially disclosed. Profits are not precisely disclosed and are only estimated.
The sales volume for Mar/2015 fiscal term amounted to Yen 500 million, a
similar amount
in the previous term. The net profit is estimated posted at Yen 10 million, similarly in the previous term.
For the current term ending Mar 2016 the net profit is projected at Yen 11million, on a 3% rise in turnover, to Yen 515 million.
The financial situation is considered maintained FAIR and good for ORDINARY business engagements. Max credit limit is estimated at Yen 9.3 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 1993
Regd No.:
0107-01-019954
(Tokyo-Shinagawaku)
Legal Status: Limited
Company (Kabushiki Kaisha)
Authorized:
800
shares
Issued:
200 shares
Sum: Yen
10 million
Major shareholders (%): Satoshi
Kawanishi (100)
Nothing
detrimental is known as to his commercial morality.
OPERATION:
Activities: Imports and
wholesales clothing, clothing accessories, cosmetics, interior goods, other
(--100%).
Goods are imported from India, Thailand, other.
Clients: [Mfrs,
wholesalers, chain stores] Tokyu Hands, Don Quijote, Masuda Masu, Jeans Mate,
other.
No. of accounts:
300
Domestic areas of
activities: Centered in greater-Tokyo
Suppliers: [Mfrs,
wholesalers] Imports from India, Indonesia, Thailand, other.
Payment record: Slow but correct
Location: Business area in
Tokyo. Office premises at the caption
address are leased and maintained satisfactorily.
Bank References:
MUFG
(Kaminagatami)
Mizuho Bank
(Gotanda)
Relations:
Satisfactory
FINANCES
(In Million Yen)
|
Terms Ending: |
|
31/03/2016 |
31/03/2015 |
31/03/2014 |
31/03/2013 |
|
Annual
Sales |
|
515 |
500 |
500 |
500 |
|
Recur.
Profit |
|
.. |
.. |
.. |
.. |
|
Net
Profit |
|
11 |
10 |
10 |
10 |
|
Total
Assets |
|
|
N/A |
N/A |
N/A |
|
Net
Worth |
|
|
161 |
151 |
141 |
|
Capital,
Paid-Up |
|
|
10 |
10 |
10 |
|
Div.P.Share(¥) |
|
|
0.00 |
0.00 |
0.00 |
|
<Analytical Data> |
|
(%) |
(%) |
(%) |
(%) |
|
S.Growth Rate |
|
3.00 |
0.00 |
0.00 |
0.00 |
|
Current Ratio |
|
|
.. |
.. |
.. |
|
N.Worth Ratio |
|
|
.. |
.. |
.. |
|
N.Profit/Sales |
|
2.14 |
2.00 |
2.00 |
2.00 |
Notes: Financials are only partially disclosed. Net profits are not precisely disclosed and only estimated.
Forecast (or estimated) figures for the 31/03/2016 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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.