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Report No. : |
338952 |
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Report Date : |
10.09.2015 |
IDENTIFICATION DETAILS
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Name : |
KEN MIKE & INC |
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Registered Office : |
Taiwa Bldg 3F, 18-1 Akashicho Chuoku Kobe 650-0037 |
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Country : |
Japan |
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Financials (as on) : |
31.03.2014 |
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Date of Incorporation : |
April 1989 |
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Com. Reg. No.: |
1400-01-007435 (Kobe-Chuoku) |
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Legal Form : |
Limited Company (Kabushiki
Kaisha) |
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Line of Business : |
Subject is engaged in imports, exports and wholesales
casual wear (knitted, other), clothing accessories |
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No. of Employee : |
8 |
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 AND
ADDRESS
KEN MIKE & INC
REGD NAME: Ken
Mike Shokai KK
MAIN OFFICE: Taiwa
Bldg 3F, 18-1 Akashicho Chuoku Kobe 650-0037 JAPAN
Tel: 078-321-5925 Fax: 078-321-5979
E-Mail
address: info@kenmike.com
ACTIVITIES
Import,
export of casual wear
BRANCHES
Kobe,
Osaka
OFFICERS
MASAYUKI
YASUFUKU, PRES
Masaru
Yasufuku, dir
Noriko
Yasufuku, dir
Yen
Amount: In million Yen, unless
otherwise stated
SUMMARY
FINANCES FAIR A/SALES Yen 1,000 M
PAYMENTS NO COMPLAINTS CAPITAL Yen
10 M
TREND STEADY WORTH Yen 234 M
STARTED 1989 EMPLOYES 8
COMMENT
TRADING FIRM SPECIALIZING IN CASUAL WEAR.
FINANCIAL SITUATION CONSIDERED
FAIR AND GOOD FOR ORDINARY BUSINESS ENGAGEMENTS.
MAX
CREDIT LIMIT: YEN 7.4 MILLION, 30 DAYS NORMAL TERMS
HIGHLIGHTS
The
subject company was established by Masayuki Yasufuku in order to make most of
his experience in the subject business.
This is a trading firm for import, export, wholesale and retail of
casual wear (knitted, other) and clothing accessories. Exports and imports are widely to and from
USA, Europe, Asia, other.
FINANCIAL INFORMATION
Financials
are only partially disclosed.
The
sales volume for Mar/2014 fiscal term amounted to Yen 980 million, a 2% down
from Yen 1,000 million in the previous term.
The net profit was posted at Yen 23 million, compared with Yen 25
million a year ago.
For
the term that ended Mar 2015 the net profit was projected at Yen 25 million, on
a 2% rise in turnover, to Yen 1,000 million.
Final results are yet to be released.
The
financial situation is considered FAIR and good for ORDINARY business
engagements. Max credit limit is
estimated at Yen 7.4 million, on 30 days normal terms.
REGISTRATION
Date Registered: Apr 1989
Regd No.: 1400-01-007435
(Kobe-Chuoku)
Legal Status: Limited Company (Kabushiki
Kaisha)
Authorized: 80,000 shares
Issued:
20,000 shares
Sum: Yen
10 million
Major shareholders (%): Masayuki
Yasufuku (60), and families (--40)
No. of shareholders: 5
Nothing
detrimental is known as to the commercial morality of executives.
OPERATION
Activities:
Imports, exports and wholesales casual wear (knitted, other), clothing
accessories, other (--100%)
Clients:
[Mfrs, wholesalers] Kilo Store, other
Exports to: USA, Hong Kong, France, Austria, Spain,
other
No. of accounts: 200
Domestic areas of activities:
Centered in the greater-Osaka
Suppliers:
[Mfrs, wholesalers] Imports from USA, Europe, China, Hong Kong, S/E Asia,
other.
Payment record: No Complaints
Location:
Business area in Kobe. Office premises
at the caption address are leased and maintained satisfactorily.
Bank References:
SMBC
(Kobe)
Tajima
Bank (Kobe)
Relations:
Satisfactory
FINANCES
(In Million Yen)
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Terms Ending: |
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31/03/2015 |
31/03/2014 |
31/03/2013 |
31/03/2012 |
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Annual
Sales |
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1,000 |
980 |
1,000 |
1,000 |
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Recur.
Profit |
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.. |
.. |
.. |
.. |
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Net
Profit |
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25 |
23 |
25 |
25 |
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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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234 |
211 |
186 |
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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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2.04 |
-2.00 |
0.00 |
5.26 |
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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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2.50 |
2.35 |
2.50 |
2.50 |
Notes:
Financials are only partially disclosed.
Forecast
(or estimated) figures for the 31/03/2015 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.